Document:

Indenture

 Exhibit 4.1 

Execution Version 

INDENTURE 
 dated as of
December 21, 2020 
 among 

KRATON POLYMERS LLC, 
 KRATON
POLYMERS CAPITAL CORPORATION, 
 THE GUARANTORS LISTED HEREIN, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
 4.25% SENIOR NOTES
DUE 2025 
  

 TABLE OF CONTENTS 

 

							
		 		  	 	PAGE	 
	ARTICLE 1	 
	DEFINITIONS AND INCORPORATION BY REFERENCE	 
			
	Section 1.01	 	 Definitions
	  	 	1	 
	Section 1.02	 	 Other Definitions
	  	 	42	 
	Section 1.03	 	 Rules of Construction
	  	 	43	 
	Section 1.04	 	 Acts of Holders
	  	 	43	 
	
	ARTICLE 2	 
	THE NOTES	 
			
	Section 2.01	 	 Form and Dating; Terms
	  	 	45	 
	Section 2.02	 	 Execution and Authentication
	  	 	46	 
	Section 2.03	 	 Registrar and Paying Agent
	  	 	47	 
	Section 2.04	 	 Paying Agent to Hold Money for Benefit of Holders or Trustee
	  	 	47	 
	Section 2.05	 	 Holder Lists
	  	 	47	 
	Section 2.06	 	 Transfer and Exchange
	  	 	48	 
	Section 2.07	 	 Replacement Notes
	  	 	60	 
	Section 2.08	 	 Outstanding Notes
	  	 	60	 
	Section 2.09	 	 Treasury Notes
	  	 	60	 
	Section 2.10	 	 Temporary Notes
	  	 	61	 
	Section 2.11	 	 Cancellation
	  	 	61	 
	Section 2.12	 	 Defaulted Interest
	  	 	61	 
	Section 2.13	 	 CUSIP and ISIN Numbers
	  	 	62	 
	
	ARTICLE 3	 
	REDEMPTION	 
			
	Section 3.01	 	 Notices to Trustee
	  	 	62	 
	Section 3.02	 	 Selection of Notes to Be Redeemed
	  	 	62	 
	Section 3.03	 	 Notice of Redemption
	  	 	63	 
	Section 3.04	 	 Effect of Notice of Redemption
	  	 	64	 
	Section 3.05	 	 Deposit of Redemption Price
	  	 	64	 
	Section 3.06	 	 Notes Redeemed in Part
	  	 	64	 
	Section 3.07	 	 Optional Redemption
	  	 	65	 
	Section 3.08	 	 Mandatory Redemption
	  	 	66	 
	Section 3.09	 	 Offers to Repurchase by Application of Excess Proceeds
	  	 	66	 
	
	ARTICLE 4	 
	COVENANTS	 
			
	Section 4.01	 	 Payment of Notes
	  	 	68	 
	Section 4.02	 	 Maintenance of Office or Agency
	  	 	69	 

  
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	 Section 4.03
	 	Reports and Other Information	  	 	69	 
	 Section 4.04
	 	Compliance Certificate	  	 	71	 
	 Section 4.05
	 	Taxes	  	 	71	 
	 Section 4.06
	 	Stay, Extension and Usury Laws	  	 	71	 
	 Section 4.07
	 	Limitation on Restricted Payments	  	 	72	 
	 Section 4.08
	 	Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries	  	 	79	 
	 Section 4.09
	 	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	  	 	82	 
	 Section 4.10
	 	Asset Sales	  	 	90	 
	 Section 4.11
	 	Transactions with Affiliates	  	 	93	 
	 Section 4.12
	 	Liens	  	 	96	 
	 Section 4.13
	 	Company Existence	  	 	96	 
	 Section 4.14
	 	Offer to Repurchase Upon Change of Control Triggering Event	  	 	97	 
	 Section 4.15
	 	Limitation on Guarantees of Indebtedness by Restricted Subsidiaries	  	 	98	 
	 Section 4.16
	 	Existence of Corporate Co-Issuer	  	 	99	 
	 Section 4.17
	 	Changes in Covenants When Notes Rated Investment Grade	  	 	99	 
	
	ARTICLE 5	 
	SUCCESSORS	 
			
	 Section 5.01
	 	Merger, Consolidation or Sale of All or Substantially All Assets	  	 	100	 
	 Section 5.02
	 	Successor Person Substituted	  	 	104	 
	
	ARTICLE 6	 
	DEFAULTS AND REMEDIES	 
			
	 Section 6.01
	 	Events of Default	  	 	104	 
	 Section 6.02
	 	Acceleration	  	 	106	 
	 Section 6.03
	 	Other Remedies	  	 	107	 
	 Section 6.04
	 	Waiver of Past Defaults	  	 	107	 
	 Section 6.05
	 	Control by Majority	  	 	108	 
	 Section 6.06
	 	Limitation on Suits	  	 	108	 
	 Section 6.07
	 	Rights of Holders to Receive Payment	  	 	108	 
	 Section 6.08
	 	Collection Suit by Trustee	  	 	108	 
	 Section 6.09
	 	Restoration of Rights and Remedies	  	 	109	 
	 Section 6.10
	 	Rights and Remedies Cumulative	  	 	109	 
	 Section 6.11
	 	Delay or Omission Not Waiver	  	 	109	 
	 Section 6.12
	 	Trustee May File Proofs of Claim	  	 	109	 
	 Section 6.13
	 	Priorities	  	 	110	 
	 Section 6.14
	 	Undertaking for Costs	  	 	110	 
	
	ARTICLE 7	 
	TRUSTEE	 
			
	 Section 7.01
	 	Duties of Trustee	  	 	110	 
	 Section 7.02
	 	Rights of Trustee	  	 	111	 

  
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	 Section 7.03
	 	Individual Rights of Trustee	  	 	113	 
	 Section 7.04
	 	Trustee’s Disclaimer	  	 	113	 
	 Section 7.05
	 	Notice of Defaults	  	 	113	 
	 Section 7.06
	 	Compensation and Indemnity	  	 	113	 
	 Section 7.07
	 	Replacement of Trustee	  	 	114	 
	 Section 7.08
	 	Successor Trustee by Merger, etc	  	 	115	 
	 Section 7.09
	 	Eligibility; Disqualification	  	 	115	 
	
	ARTICLE 8	 
	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	 
			
	 Section 8.01
	 	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	115	 
	 Section 8.02
	 	Legal Defeasance and Discharge	  	 	115	 
	 Section 8.03
	 	Covenant Defeasance	  	 	116	 
	 Section 8.04
	 	Conditions to Legal or Covenant Defeasance	  	 	116	 
	 Section 8.05
	 	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	118	 
	 Section 8.06
	 	Repayment to Issuers	  	 	119	 
	 Section 8.07
	 	Reinstatement	  	 	119	 
	
	ARTICLE 9	 
	AMENDMENT, SUPPLEMENT AND WAIVER	 
			
	 Section 9.01
	 	Without Consent of Holders	  	 	119	 
	 Section 9.02
	 	With Consent of Holders	  	 	120	 
	 Section 9.03
	 	Revocation and Effect of Consents	  	 	122	 
	 Section 9.04
	 	Notation on or Exchange of Notes	  	 	122	 
	 Section 9.05
	 	Trustee to Sign Amendments, etc	  	 	122	 
	
	ARTICLE 10	 
	GUARANTEES	 
			
	 Section 10.01
	 	Guarantee	  	 	123	 
	 Section 10.02
	 	Limitation on Guarantor Liability	  	 	124	 
	 Section 10.03
	 	Execution and Delivery	  	 	125	 
	 Section 10.04
	 	Subrogation	  	 	125	 
	 Section 10.05
	 	Benefits Acknowledged	  	 	125	 
	 Section 10.06
	 	Release of Guarantees	  	 	125	 
	
	ARTICLE 11	 
	SATISFACTION AND DISCHARGE	 
			
	 Section 11.01
	 	Satisfaction and Discharge	  	 	126	 
	 Section 11.02
	 	Application of Trust Money	  	 	127	 

  
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		 	ARTICLE 12	  			
		 	MISCELLANEOUS	  			
			
	 Section 12.01
	 	Trust Indenture Act	  	 	128	 
	 Section 12.02
	 	Notices	  	 	128	 
	 Section 12.03
	 	Certificate and Opinion as to Conditions Precedent	  	 	129	 
	 Section 12.04
	 	Statements Required in Certificate or Opinion	  	 	130	 
	 Section 12.05
	 	Rules by Trustee and Agents	  	 	130	 
	 Section 12.06
	 	No Personal Liability of Directors, Officers, Employees and Stockholders	  	 	130	 
	 Section 12.07
	 	Governing Law	  	 	130	 
	 Section 12.08
	 	Waiver of Jury Trial	  	 	130	 
	 Section 12.09
	 	Force Majeure	  	 	131	 
	 Section 12.10
	 	No Adverse Interpretation of Other Agreements	  	 	131	 
	 Section 12.11
	 	Successors	  	 	131	 
	 Section 12.12
	 	Severability	  	 	131	 
	 Section 12.13
	 	Counterpart Originals	  	 	131	 
	 Section 12.14
	 	Table of Contents, Headings, etc	  	 	131	 
	 Section 12.15
	 	U.S.A. PATRIOT Act	  	 	132	 

 Exhibit A – FORM OF NOTE 

Exhibit B – FORM OF CERTIFICATE OF TRANSFER 
 Exhibit C
– FORM OF CERTIFICATE OF EXCHANGE 
 Exhibit D – FORM OF NOTATION OF GUARANTEE 

Exhibit E – FORM OF SUPPLEMENTAL INDENTURE 

  
 iv 

 INDENTURE, dated as of December 21, 2020, among Kraton Polymers LLC, a Delaware
limited liability company, Kraton Polymers Capital Corporation, a Delaware corporation, the Guarantors (as defined herein) listed on the signature pages hereto, including Kraton Corporation, the parent of the Issuers (the
“Company”), and Wells Fargo Bank, National Association, a national banking association, as Trustee. 
 W I T N E S E
T H 
 WHEREAS, the Issuers (as defined herein) have duly authorized the creation of an issue of $400.0 million aggregate principal
amount of the Issuers’ 4.25% Senior Notes due 2025 (the “Initial Notes”); and 
 WHEREAS,
each of the Issuers and each of the Guarantors have duly authorized the execution and delivery of this Indenture (as defined herein). 

NOW, THEREFORE, the Issuers, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and ratable
benefit of the Holders (as defined herein). 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“144A Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note
Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

 “ABL Facility” means the asset-based revolving credit facility entered into as of April 15, 2020 (as
amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time prior to the date of the Offering Memorandum) by and among the Issuers, the Company, the borrowers party thereto, the guarantors party thereto, the
lenders party thereto in their capacities as lenders thereunder and Bank of America, N.A., as Administrative Agent, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, and
any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures, guarantees, credit facilities or commercial paper facilities with banks or other institutional lenders or
investors that replace, refund, exchange or refinance any part of the loans, notes, guarantees, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the
amount borrowable thereunder or alters the maturity thereof; provided that such increase in borrowings is permitted under Section 4.09 hereof. 

“Acquired Indebtedness” means, with respect to any specified Person, 

(a) Indebtedness of any other Person existing at the time such other Person is merged, consolidated, amalgamated or combined with or into or
became a Restricted Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, such other Person merging, consolidating, amalgamating or combining with or into or becoming a Restricted Subsidiary
of such specified Person; and 

 (b) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person.

 “Additional Notes” means any additional Notes issued under this Indenture (other than the Initial Notes) having
the same terms in all respects as the Initial Notes except that interest may accrue on the Additional Notes from their date of issuance; provided that such Additional Notes will not be consolidated and form a single series with the
outstanding Notes of the relevant series unless such Additional Notes are fungible with the outstanding Notes of that series for U.S. federal income tax purposes. Additional Notes and Initial Notes will be part of the same class for all purposes of
this Indenture. 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership
of voting securities, by agreement or otherwise. 
 “Agent” means any Registrar,
co-registrar, Paying Agent or additional paying agent. 
 “Applicable
Premium” means, with respect to any Note on any Redemption Date, the excess, if any, of (a) the present value at such Redemption Date of (i) the redemption price of such Notes at December 15, 2022 (such redemption
price being set forth in the table set forth in Section 3.07(b) hereof), plus (ii) all required remaining scheduled interest payments due on such Note through December 15, 2022, computed using a discount rate equal to the
Treasury Rate as of such Redemption Date plus 50 basis points; over (b) the principal amount of such Note. Calculation of the Applicable Premium shall not be a duty or obligation of the Trustee, Paying Agent or Registrar. 

“Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global
Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
 “Asset
Sale” means: 
 (a) the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related
transactions (including by way of a Sale and Lease-Back Transaction), of property or assets of the Company or any of its Restricted Subsidiaries (each referred to in this definition as a “disposition”); or 

(b) the issuance or sale of Equity Interests of any Restricted Subsidiary (other than Preferred Stock of Restricted Subsidiaries issued in
compliance with Section 4.09 hereof), whether in a single transaction or a series of related transactions; 

  
 2 

 in each case, other than: 

(i) any disposition of Cash Equivalents or obsolete or worn out property or equipment in the ordinary course of business or any
disposition of inventory or goods (or other assets) held for sale or no longer used in the ordinary course of business; 

(ii) the disposition of all or substantially all of the assets of the Company in a manner permitted pursuant to the provisions
described under Section 5.01 hereof or any disposition that constitutes a Change of Control pursuant to this Indenture; 

(iii) the making of any Restricted Payment that is permitted to be made, and is made, under Section 4.07 hereof or the
making of any Permitted Investment; 
 (iv) any disposition of assets or issuance or sale of Equity Interests of any
Restricted Subsidiary in any transaction or series of related transactions with an aggregate fair market value of less than $15.0 million; 

(v) any disposition of property or assets or issuance of securities by a Restricted Subsidiary to the Company or by the Company
or a Restricted Subsidiary to a Restricted Subsidiary; 
 (vi) to the extent allowable under Section 1031 of the
Internal Revenue Code, any exchange of like property (excluding any boot thereon) for use in a Similar Business; 
 (vii) the
lease, assignment, sub-lease, license or sub-license of any real or personal property in the ordinary course of business; 

(viii) any issuance or sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary; 

(ix) foreclosures, condemnation, expropriation or any similar action with respect to assets or the granting of Liens not
prohibited by this Indenture; 
 (x) sales of accounts receivable, or participations therein, or Securitization Assets (other
than royalties or other revenues (except accounts receivable)) or related assets in connection with any Qualified Securitization Facility; 

(xi) any financing transaction with respect to property built or acquired by the Company or any Restricted Subsidiary after the
Issue Date, including Sale and Lease-Back Transactions and asset securitizations permitted by this Indenture; 
 (xii) the
sale or discount of inventory, accounts receivable or notes receivable in the ordinary course of business or the conversion of accounts receivable to notes receivable; 

(xiii) the licensing or sub-licensing of intellectual property or other general
intangibles in the ordinary course of business, other than the licensing of intellectual property on a long-term basis; 

  
 3 

 (xiv) any surrender or waiver of contract rights or the settlement, release
or surrender of contract rights or other litigation claims in the ordinary course of business; 
 (xv) the unwinding of any
Hedging Obligations; 
 (xvi) sales, transfers and other dispositions of Investments in joint ventures to the extent required
by, or made pursuant to, customary buy/sell arrangements between the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(xvii) the abandonment of intellectual property rights in the ordinary course of business, which in the reasonable good faith
determination of the Company are not material to the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole; 

(xviii) the issuance by a Restricted Subsidiary of Preferred Stock or Disqualified Stock that is permitted by the covenant
described under Section 4.09 hereof; and 
 (xix) the issuance of directors’ qualifying shares and shares issued to
foreign nationals as required by applicable law. 
 “Bank Products” means any facilities or services related to cash
management, including treasury, depository, overdraft, credit or debit card, purchase card, electronic funds transfer and other cash management arrangements. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 

“board of directors” means with respect to any Person, the board of directors or similar governing body under the
applicable constituent documents of such Person. 
 “Borrowing Base” means, as of the date of determination, an
amount equal to: 
 (1) 85% of the face amount of all accounts receivable (other than Investment Grade Receivables) owned by
the Company and its Restricted Subsidiaries as of the end of the most recent fiscal quarter preceding such date; plus 

(2) 70% of the book value of all inventory owned by the Company and its Restricted Subsidiaries as of the end of the most
recent fiscal quarter preceding such date; plus 
 (3) 90% of the face amount of accounts receivable constituting
Investment Grade Receivables owned by the Company and its Restricted Subsidiaries as of the end of the most recent fiscal quarter preceding such date, 

based on the most recent internal month-end financial statements available to the Company, determined
on a pro forma basis in a manner consistent with the pro forma basis contained in the definition of Fixed Charge Coverage Ratio. 

  
 4 

 “Business Day” means each day that is not a Legal Holiday. 

“Capital Stock” means: 

(a) in the case of a corporation, corporate stock; 

(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (c) in the case of a partnership or limited liability company, partnership or membership interests
(whether general or limited); and 
 (d) any other interest or participation that confers on a Person the right to receive a share of the
profits and losses of, or distributions of assets of, the issuing Person but excluding from all of the foregoing any debt securities convertible into Capital Stock, regardless of whether such debt securities include any right of participation with
Capital Stock. 
 “Capitalized Lease Obligation” means, as applied to any Person, the amount of liability in respect
of any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is, or is required to be, accounted for as a capital lease on the balance sheet of that Person; provided that any lease
that would be characterized as an operating lease in accordance with GAAP on the Closing Date or for any lease incurred after the Closing Date, the date of incurrence thereof (regardless of whether such operating leases were in effect on such date)
shall continue to be accounted for as an operating lease (and not as a capitalized lease) for purposes of this Indenture regardless of any subsequent change in GAAP that would otherwise require such lease to be
re-characterized (on a prospective or retroactive basis or otherwise) as a capitalized lease. 

“Cash Equivalents” means: 

(a) United States dollars; 
 (b)
(i) Canadian dollars, pounds sterling, euros or any national currency of any participating member state of the EMU; or 

(ii) in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time to time
in the ordinary course of business; 
 (c) securities issued or directly and fully and unconditionally guaranteed or insured by the U.S.
government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 12 months or less from the date of acquisition; 

(d) certificates of deposit, time deposits and Eurodollar time deposits with maturities of 12 months or less from the date of acquisition,
bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any domestic or foreign commercial bank having capital and surplus of not less than $500.0 million in the case of U.S. banks and
$100.0 million (or the U.S. dollar equivalent as of the date of determination) in the case of non-U.S. banks; 

  
 5 

 (e) repurchase obligations for underlying securities of the types described in
clauses (c), (d) and (h) entered into with any financial institution or recognized securities dealer meeting the qualifications specified in clause (d) above; 

(f) commercial paper rated at least P-2 by Moody’s or at least
A-2 by S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another Rating Agency) and in each case maturing within 24 months after the date
of creation thereof and Indebtedness or Preferred Stock issued by Persons with a rating of “A” or higher from S&P or “A-2” or higher from Moody’s with maturities of 24 months or
less from the date of acquisition; 
 (g) marketable short-term money market and similar funds having a rating of at least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from
another Rating Agency); 
 (h) readily marketable direct obligations issued by any state, commonwealth or territory of the United States or
any political subdivision or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another
Rating Agency) with maturities of 24 months or less from the date of acquisition; 
 (i) readily marketable direct obligations issued by any
foreign government or any political subdivision or public instrumentality thereof, in each case having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be rating such
obligations, an equivalent rating from another Rating Agency) with maturities of 24 months or less from the date of acquisition; 
 (j)
Investments with average maturities of 12 months or less from the date of acquisition in money market funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or
better by Moody’s (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another Rating Agency); and 

(k) investment funds investing at least 90% of their assets in securities of the types described in clauses (a) through (j) above. 

In the case of Investments by any Foreign Subsidiary that is a Restricted Subsidiary or Investments made in a country outside the United
States, Cash Equivalents shall also include (i) investments of the type and maturity described in clauses (a) through (h), (j) and (k) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have
ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (ii) other short-term investments utilized by Foreign Subsidiaries that are Restricted Subsidiaries in accordance with normal investment
practices for cash management in investments analogous to the foregoing investments in clauses (a) through (k) and in this paragraph. 

  
 6 

 Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in
currencies other than those set forth in clauses (a) and (b) above; provided that such amounts are converted into any currency listed in clauses (a) and (b) as promptly as practicable and in any event within ten Business
Days following the receipt of such amounts. 
 “Change of Control” means the occurrence of any of the following
after the Issue Date: 
 (a) the sale, lease or transfer, 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 other than a Permitted Holder; 
 (b) the Company becomes aware
of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of
the Exchange Act, or any successor provision), including any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act),
other than one or more Permitted Holders, in a single transaction or in a related series of transactions, by way of merger, amalgamation, consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision) of 50% or more of the total voting power of the Voting Stock of the Company or any of its direct or indirect parent companies; or 

(c) 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 outstanding Voting Stock of the Company or any of its direct or indirect parent companies or such other Person is converted into or exchanged for cash, securities or other property, other
than any such transaction where (i) the Permitted Holders beneficially own 50% or more of the total voting power of the Voting Stock of the Company or any of its direct or indirect parent companies or (ii) the Voting Stock of the Company
or any of its direct or indirect parent companies outstanding immediately prior to such transaction constitutes or is converted into or exchanged for a majority of the outstanding shares of the Voting Stock of such surviving or transferee Person
(immediately after giving effect to such transaction). 
 Notwithstanding the foregoing, a transaction will not be deemed to involve a
Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are
substantially the same as the holders of the Voting Stock of the Company immediately prior to that transaction or (B) immediately following that transaction no person (other than a Permitted Holder or holding company satisfying the requirements
of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

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

“Clearstream” means Clearstream Banking, Société Anonyme and its successors. 

  
 7 

 “Company” has the meaning set forth in the introductory paragraph
hereto. 
 “Consolidated Adjusted EBITDA” means with respect to the Company and its Restricted Subsidiaries for any
period, the Consolidated Net Income of the Company and its Restricted Subsidiaries for such period: 
 (a) increased (without duplication)
and to the extent deducted (and not added back) in arriving at such Consolidated Net Income, the sum of the following amounts for such period: 

(i) the amount of depreciation and amortization, as determined in accordance with GAAP; plus 

(ii) total interest expense and, to the extent not reflected in such total interest expense, the sum of (A) premium
payments, debt discount, fees, charges and related expenses incurred in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets plus (B) the portion of rent expense with
respect to such period under capitalized leases that is treated as interest expense in accordance with GAAP plus (C) the implied interest component of synthetic leases with respect to such period plus (D) any losses on
Hedging Obligations or other derivative instruments entered into for the purpose of hedging interest rate risk, net of interest income and gains on such Hedging Obligations or such derivative instruments plus (E) bank and letter of
credit fees and costs of surety bonds in connection with financing activities, plus (F) any commissions, discounts, yield and other fees and charges; plus 

(iii) provision for taxes based on income or profits or capital, including, without limitation, federal, state, provincial,
franchise, excise and similar taxes and foreign withholding taxes (including any future taxes or other levies which replace or are intended to be in lieu of such taxes and any penalties and interest related to such taxes or arising from tax
examinations); plus 
 (iv) negative effects of purchase accounting; plus 

(v) all extraordinary, nonrecurring or one-time charges; plus 

(vi) the sum of: (A) the amount of “run rate” cost savings, operating expense reductions, other operating
improvements and synergies related to any acquisition or similar transaction projected by the Issuer in good faith to be realized as a result of actions (taken, committed to be taken or planned to be taken, in each case on or prior to the date that
is 24 months after such acquisition or similar transaction (which cost savings shall be added to Consolidated Adjusted EBITDA until fully realized and calculated on a pro forma basis as though such cost savings had been realized on the first day of
the relevant period), net of the amount of actual benefits realized from such actions; provided that such cost savings are reasonably identifiable and quantifiable), and (B) the amount of “run rate” cost savings, operating
expense reductions, other operating improvements and synergies projected by the Issuer in good faith to be realized as a result of actions (taken, committed to be taken or planned to be taken, in each case on or prior to the date that is 24 months
after such action is taken (which cost savings shall be added to Consolidated 

  
 8 

 
Adjusted EBITDA until fully realized and calculated on a pro forma basis as though such cost savings had been realized on the first day of the relevant period), net of the amount of actual
benefits realized from such actions; provided that such cost savings are reasonably identifiable and quantifiable); plus 

(vii) all non-cash charges that did not increase Consolidated Adjusted EBITDA in a
prior period; provided that for any such non-cash charges resulting in a cash payment or cash outlay in a subsequent period, Consolidated Adjusted EBITDA will be reduced by the amount of the cash
payment or cash outlay in the period made; plus 
 (viii) any non-cash loss
attributable to the mark-to-market movement in the valuation of hedging agreements pursuant to FASB Accounting Standards Codification 815 — “Derivatives
and Hedging”; plus 
 (ix) (A) the amount of any restructuring provisions, restructuring charges,
restructuring accruals or restructuring reserves, (B) cost initiative charges embedded in cost of goods sold (cash and non-cash charges) and (C) cost initiative charges embedded in selling, general
and administrative expenses (cash and non-cash charges); plus 
 (x) non-recurring operating location exit charges; provided no amounts pursuant to this clause (x) may be added if such amount was added in a prior period; plus 

(xi) actual plant turnaround cost and expenses to the extent deducted in calculating Consolidated Net Income; plus 

(xii) losses on sales of assets, disposals or abandonments other than in the ordinary course of business (cash and non-cash); plus 
 (xiii) Transaction Costs and any fees, costs and expenses payable
by the Company and the Restricted Subsidiaries in connection with any offering of Equity Interests of the Company, acquisitions, joint ventures or other Investments permitted hereunder (whether consummated or unsuccessful and other than Investments
made in the ordinary course of business and other than Investments in Subsidiaries) expensed or amortized in such period; plus 

(xiv) Pro Forma EBITDA; plus 

(xv) to the extent not included in Consolidated Net Income of the Company and its Restricted Subsidiaries, the KFPC Percentage
times the Consolidated Adjusted EBITDA of the joint venture Kraton Formosa Polymers Corporation, a corporation formed under the laws of the Republic of China (“Kraton Formosa”), calculated in a manner consistent with the
calculation of Consolidated Adjusted EBITDA otherwise applicable to the Company and its Restricted Subsidiaries and provided that prior to the commission of the production facility owned by Kraton Formosa, such amount shall be excluded if a negative
number; 

  
 9 

 (b) decreased (without duplication) and to the extent included in arriving at such
Consolidated Net Income, the sum of the following amounts for such period: 
 (i) gains on sales of assets other than in the
ordinary course of business (cash and non-cash); minus 
 (ii) any non-cash gains attributable to the mark-to-market movement in the valuation of hedging agreements pursuant to FASB Accounting Standards
Codification 815 — “Derivatives and Hedging”; 
 (c) increased or decreased (without duplication) by, as applicable, any
effects of Inventory Revaluation; and 
 (d) to the extent included in Consolidated Net Income, there shall be excluded in determining
Consolidated Adjusted EBITDA currency translation gains and losses related to currency re-measurements of assets or liabilities (including the net loss or gain resulting from hedging agreements for currency
exchange risk and revaluations of intercompany balances). 
 “Consolidated Interest Expense” means, with respect to
any Person for any period, without duplication, the sum of: 
 (a) consolidated interest expense in respect of Indebtedness of such Person
and its Restricted Subsidiaries for such period, to the extent such expense was deducted (and not added back) in computing Consolidated Net Income (including (i) amortization of original issue discount resulting from the issuance of
Indebtedness at less than par, (ii) all commissions, discounts and other fees and charges owed with respect to letters of credit or bankers acceptances, (iii) non-cash interest payments (but
excluding any non-cash interest expense attributable to the movement in the mark to market valuation of Hedging Obligations or other derivative instruments pursuant to GAAP), (iv) the interest component
of Capitalized Lease Obligations, and (v) net payments, if any, made (less net payments, if any, received), pursuant to interest rate Hedging Obligations with respect to Indebtedness, and excluding (A) any expense resulting from the
discounting of any Indebtedness in connection with the application of recapitalization accounting or, if applicable, purchase accounting in connection with any acquisition, (B) penalties and interest relating to taxes, (C) amortization of
deferred financing fees, debt issuance costs, commissions, fees and expenses and discounted liabilities, (D) any expensing of bridge, commitment and other financing fees or expenses in connection with the Refinancing, (E) commissions,
discounts, yield and other fees and charges (including any interest expense) related to any Qualified Securitization Facility and (F) any accretion of accrued interest on discounted liabilities); plus 

(b) consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or accrued; less 

(c) interest income of such Person and its Restricted Subsidiaries for such period. 

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 

  
 10 

 “Consolidated Net Income” means, with respect to any Person for any
period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided that, without duplication, 

(a) the cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies
during such period shall be excluded; 
 (b) any net after-tax effect of gains or losses attributable
to asset dispositions or abandonments (including any disposal of abandoned or discontinued operations) or the sale or other disposition of any Capital Stock of any Person other than in the ordinary course of business as determined in good faith by
the Issuer shall be excluded; 
 (c) the Net Income for such period of any Person that is an Unrestricted Subsidiary or any Person that is
not a Subsidiary or that is accounted for by the equity method of accounting shall be excluded; provided that Consolidated Net Income of the Issuer shall be increased by the amount of dividends or distributions or other payments that are
actually paid in Cash Equivalents (or to the extent converted into Cash Equivalents) to the Issuer or another Restricted Subsidiary in respect of such period; 

(d) solely for the purpose of determining the amount available for Restricted Payments under Section 4.07(a)(ii)(C)(1) hereof, the Net
Income for such period of any Restricted Subsidiary (other than any Guarantor) shall be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at the date
of determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or
governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived; provided that Consolidated Net Income of
the Issuer will be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash) to the Issuer or another Restricted Subsidiary in respect of such period, to the extent not
already included therein; 
 (e) effects of adjustments (including the effects of such adjustments pushed down to the Issuer and other
Restricted Subsidiaries) in the inventory, property and equipment, software, goodwill, other intangible assets, in-process research and development, deferred revenue, debt line items and other noncash charges
in such Person’s consolidated financial statements pursuant to GAAP resulting from the application of recapitalization accounting or, if applicable, purchase accounting in relation to any consummated acquisition or the amortization or write-off of any amounts thereof, net of taxes, shall be excluded; 
 (f) any net after-tax effect of income (loss) from the early extinguishment or conversion of (i) Indebtedness, (ii) Hedging Obligations or (iii) other derivative instruments shall be excluded; 

  
 11 

 (g) any impairment charge or asset write-off or
write-down, including impairment charges or asset write-offs or write-downs related to intangible assets, long-lived assets, investments in debt and equity securities or as a result of a change in law or regulation, in each case, pursuant to GAAP,
and the amortization of intangibles arising pursuant to GAAP shall be excluded; 
 (h) any non-cash
compensation charge or expense, including any such charge or expense arising from the grants of stock appreciation or similar rights, stock options, restricted stock or other rights or equity incentive programs shall be excluded; 

(i) any fees, expenses or charges incurred during such period, or any amortization thereof for such period, in connection with any acquisition,
Investment, Asset Sale, disposition, incurrence or repayment of Indebtedness (including such fees, expenses or charges related to the offering of the Notes and the Senior Credit Facilities), issuance of Equity Interests, refinancing transaction or
amendment or modification of any debt instrument (including any amendment or other modification of the Notes and the Senior Credit Facilities) and including, in each case, any such transaction consummated prior to the Issue Date and any such
transaction undertaken but not completed, and any charges or non-recurring merger costs incurred during such period as a result of any such transaction, in each case regardless of whether successful, shall be
excluded; 
 (j) any expenses, charges or losses that are covered by indemnification or other reimbursement provisions in connection with any
investment, acquisition or any sale, conveyance, transfer or other disposition of assets permitted under this Indenture, to the extent actually reimbursed, or, so long as the Issuer has made a determination that a reasonable basis exists for
indemnification or reimbursement and only to the extent that such amount is (i) not denied by the applicable carrier (without any right of appeal thereof) within 180 days and (ii) in fact indemnified or reimbursed within 365 days of such
determination (with a deduction in the applicable future period for any amount so added back to the extent not so indemnified or reimbursed within such 365 days), shall be excluded, 

(k) to the extent covered by insurance and actually reimbursed, or, so long as the Issuer has made a determination that there exists reasonable
evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is in fact reimbursed within 365 days of the date of such determination (with a deduction in the applicable future period for any amount so
added back to the extent not so reimbursed within such 365-day period), expenses, charges or losses with respect to liability or casualty events or business interruption shall be excluded; 

(l) any net pension or other post-employment benefit costs representing amortization of unrecognized prior service costs, actuarial losses,
including amortization of such amounts arising in prior periods and any other non-cash items of a similar nature, shall be excluded; and 

(m) the following items shall be excluded: 

(i) any net unrealized gain or loss (after any offset) resulting in such from Hedging Obligations and the application of
Accounting Standards Codification 815; 

  
 12 

 (ii) any net unrealized gain or loss (after any offset) resulting in such
period from currency translation and transaction gains or losses including those related to currency remeasurements of Indebtedness (including any net loss or gain resulting from Hedging Obligations for currency exchange risk) and any other monetary
assets and liabilities; 
 (iii) payments to third parties in respect of research and development, including amounts paid
upon signing, success, completion and other milestones and other progress payments, to the extent expensed; and 
 (iv)
effects of adjustments to accruals and reserves during a prior period relating to any change in the methodology of calculating reserves for returns, rebates and other chargebacks (including government program rebates). 

In addition, to the extent not already included in the Consolidated Net Income of such Person and its Restricted Subsidiaries, notwithstanding
anything to the contrary in the foregoing, Consolidated Net Income shall include the amount of proceeds received from business interruption insurance and reimbursements of any expenses and charges that are covered by indemnification or other
reimbursement provisions in connection with any Permitted Investment or any sale, conveyance, transfer or other disposition of assets permitted under this Indenture. 

Notwithstanding the foregoing, for the purpose of Section 4.07 hereof only (other than Section 4.07(a)(ii)(C)(4) hereof), there
shall be excluded from Consolidated Net Income any income arising from any sale or other disposition of Restricted Investments made by the Issuer and other Restricted Subsidiaries, any repurchases and redemptions of Restricted Investments from the
Issuer and other Restricted Subsidiaries, any repayments of loans and advances which constitute Restricted Investments by the Issuer or any of the other Restricted Subsidiaries, any sale of the stock of an Unrestricted Subsidiary or any distribution
or dividend from an Unrestricted Subsidiary, in each case only to the extent such amounts increase the amount of Restricted Payments permitted under such covenant pursuant to Section 4.07(a)(ii)(C)(4) hereof. 

“Consolidated Total Indebtedness” means, as of any date of determination, the aggregate amount of indebtedness of the
Company and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP, consisting only of indebtedness for borrowed money, unreimbursed obligations under letters of credit, obligations in
respect of capitalized leases and debt obligations evidenced by promissory notes or similar instruments; provided that the maximum amount of the guarantee of indebtedness of Kraton Formosa shall be included in calculating Consolidated Total
Indebtedness, with such indebtedness calculated net of the KFPC Percentage times the unrestricted cash and Cash Equivalents of Kraton Formosa and its subsidiaries. 

“Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing any leases,
dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without
limitation, any obligation of such Person, regardless of whether contingent: 

  
 13 

 (a) to purchase any such primary obligation or any property constituting direct or indirect
security therefor; 
 (b) to advance or supply funds 

(i) for the purchase or payment of any such primary obligation, or 

(ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of
the primary obligor; or 
 (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such
primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Controlled Investment Affiliate” means, as to any Person, any other Person which directly or indirectly is in control
of, is controlled by, or is under common control with such Person and is organized by such Person (or any Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Company and/or other companies. 

“Corporate Trust Office” means the principal office of the Trustee at which at any time its corporate trust business
shall be administered, which office at the date hereof is located at Wells Fargo Bank, National Association, 1 Independent Drive, Suite 620, Jacksonville, Florida, 32202, Attention: Corporate Trust Services, or such other address as the Trustee may
designate from time to time by notice to the Issuers, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Issuers). 

“Credit Facilities” means, with respect to the Company or any of its Restricted Subsidiaries, one or more debt
facilities, including the Senior Credit Facilities, or other financing arrangements (including, without limitation, commercial paper facilities or indentures) providing for revolving credit loans, term loans, letters of credit or other long-term
indebtedness, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and
any indentures or credit facilities or commercial paper facilities that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility
or indenture that increases the amount permitted to be borrowed thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers
or guarantors thereunder and whether by the same or any other agent, lender or group of lenders. 
 “Custodian”
means the Trustee, as custodian with respect to the Notes, each in global form, or any successor entity thereto. 
 “Customary
Recourse Exceptions” means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such
Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by
lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings. 

  
 14 

 “Default” means any event that is, or with the passage of time or
the giving of notice or both would be, an Event of Default. 
 “Definitive Note” means a certificated Note
registered in the name of the Holder thereof and issued in accordance with Section 2.06 hereof, substantially in the form of Exhibit A except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of
Exchanges of Interests in the Global Note” attached thereto. 
 “Depositary” means, with respect to the Notes
issuable or issued in whole or in part in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant
to the applicable provision of this Indenture. 
 “Designated Non-cash
Consideration” means the fair market value of non-cash consideration received by the Company or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, executed by the principal financial officer of the Company, less the amount of Cash Equivalents received
in connection with a subsequent sale, redemption or repurchase of or collection or payment on such Designated Non-cash Consideration. 

“Designated Preferred Stock” means Preferred Stock of the Company or any direct or indirect parent company thereof (in
each case other than Disqualified Stock) that is issued for cash (other than to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred
Stock, pursuant to an Officer’s Certificate executed by the principal financial officer of the Company or the applicable parent company thereof, as the case may be, on the issuance date thereof, the cash proceeds of which are excluded from the
calculation set forth in Section 4.07(a)(ii)(C) hereof. 
 “Disqualified Stock” means, with respect to any
Person, any Capital Stock of such Person which, by its terms, or by the terms of any security into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other
than solely as a result of a change of control or asset sale) pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than solely as a result of a change of control or asset sale), in whole or
in part, in each case prior to the date 91 days after the earlier of the maturity date of the Notes or the date the Notes are no longer outstanding; provided that any Capital Stock held by any future, current or former employee, director,
officer, manager or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Company, any of its Subsidiaries, any of its direct or indirect parent companies or any other entity in which the Company or a
Restricted Subsidiary has an Investment and is designated in good faith as an “affiliate” by the board of directors of the Company (or the compensation committee thereof), in each case pursuant to any stock subscription or
shareholders’ agreement, management equity plan or stock option plan or any other management or employee benefit plan or agreement shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Company or its
Subsidiaries or in order to satisfy applicable statutory or regulatory obligations. 

  
 15 

 “Division” means the division of the assets, liabilities and/or
obligations of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the
Dividing Person may or may not survive. 
 “EMU” means economic and monetary union as contemplated in the Treaty on
European Union. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire
Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 
 “Equity
Offering” means any public or private sale of common stock or Preferred Stock of the Company or any of its direct or indirect parent companies to the extent contributed to the Company (excluding Disqualified Stock), other than: 

(a) public offerings with respect to the Company’s or any direct or indirect parent company’s common stock registered on Form S-4 or Form S-8; 
 (b) issuances to any Subsidiary of the Company;
and 
 (c) any such public or private sale that constitutes an Excluded Contribution. 

“euro” means the single currency of participating member states of the EMU. 

“Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear system, and its successors. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC
promulgated thereunder. 
 “Excluded Contribution” means net cash proceeds, marketable securities or Qualified
Proceeds received by the Company from: 
 (a) contributions to its common equity capital (other than from the proceeds of Designated
Preferred Stock); and 
 (b) the sale (other than to a Subsidiary of the Company or to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement of the Company) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Company; 

in each case designated as Excluded Contributions pursuant to an Officer’s Certificate executed by the principal financial officer of the Company on the
date such capital contributions are made or the date such Equity Interests are sold, as the case may be, which are excluded from the calculation set forth in Section 4.07(a)(ii)(C) hereof. 

  
 16 

 “Excluded Subsidiary” means (a) any Subsidiary whose
provision of a guarantee would constitute an investment in “United States property” by a “controlled foreign corporation” within the meaning of Sections 956 and 957 of the Internal Revenue Code and the Treasury regulations
thereunder (or any similar law or regulation in any applicable jurisdiction) (a “CFC”) or otherwise result in a material adverse tax consequence to the Issuers or any of their Subsidiaries as reasonably determined by the Issuers,
(b) any Subsidiary owned directly or indirectly by a CFC and (c) any Subsidiary substantially all of whose assets consist (directly or indirectly through disregarded entities) of the capital stock or debt of CFCs. 

“Existing ABL Credit Agreement” means the credit agreement governing the ABL Facility. 

“Existing Notes” means (a) the Issuers’ 7.000% Senior Notes due 2025 issued pursuant to the Indenture
dated as of March 24, 2017 among the Issuers, the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee, and (b) the Issuers’ 5.25% Senior Notes due 2026 issued pursuant to the Indenture dated as
of May 24, 2018 among the Issuers, the Company, the guarantors party thereto, Wells Fargo Bank, National Association, as trustee, Deutsche Bank AG, London Branch, as principal paying agent, and Deutsche Bank Luxembourg S.A., as
authenticating agent, registrar and transfer agent. 
 “Existing Term Loan Credit Agreement” means the credit
agreement governing the Term Loan Facility. 
 “fair market value” means, with respect to any asset or liability,
the fair market value of such asset or liability as determined by the Company in good faith. 
 “Fitch” means Fitch
Ratings, Inc. or any successor to its ratings agency business. 
 “Fixed Charge Coverage Ratio” means, with respect
to any Person for any period, the ratio of Consolidated Adjusted EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the Company or any Restricted Subsidiary incurs, assumes, guarantees,
redeems, repays, retires or extinguishes any Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility unless such Indebtedness has been permanently repaid and has not been replaced) or issues or redeems
Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to or simultaneously with the event for which the calculation of the Fixed Charge Coverage
Ratio is made (the “Fixed Charge Coverage Ratio Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, guarantee, redemption, repayment, retirement
or extinguishment of Indebtedness, or such issuance or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period. 

  
 17 

 For purposes of making the computation referred to above, Investments, acquisitions,
dispositions, Divisions, mergers, amalgamations, consolidations, other business combinations and discontinued operations (as determined in accordance with GAAP) that have been made by the Company or any of its Restricted Subsidiaries during the
four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Fixed Charge Coverage Ratio Calculation Date shall be calculated on a pro forma basis assuming that all such Investments,
acquisitions, dispositions, Divisions, mergers, amalgamations, consolidations, other business combinations and discontinued operations (and the change in any associated fixed charge obligations and the change in Consolidated Adjusted EBITDA
resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any of its
Restricted Subsidiaries since the beginning of such period shall have made any Investment, acquisition, disposition, Division, merger, amalgamation, consolidation, other business combination or discontinued operation that would have required
adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, Division, merger, amalgamation, consolidation, other
business combination or discontinued operation had occurred at the beginning of the applicable four-quarter period. 
 For purposes of this
definition, whenever pro forma effect is to be given to an Investment, acquisition, disposition, Division, merger, amalgamation, consolidation or other business combination, the pro forma calculations shall be made in good faith by a responsible
financial or accounting officer of the Company (and may include cost savings, synergies and operating expense reductions resulting from such Investment, acquisition, disposition, Division, merger, amalgamation, consolidation or other business
combination which is being given pro forma effect that have been or are expected to be realized). If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if
the rate in effect on the Fixed Charge Coverage Ratio Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness). Interest on a Capitalized Lease Obligation shall
be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making
the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period except as set
forth in the first paragraph of this definition. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a Eurocurrency interbank offered rate, or other rate, shall be deemed to
have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

“Fixed Charges” means, with respect to any Person for any period, the sum of, without duplication: 

(a) Consolidated Interest Expense of such Person for such period; 

(b) all cash dividends or other distributions paid (excluding items eliminated in consolidation) on any series of Preferred Stock (including
any dividends paid to any direct or indirect parent company of such Person in order to permit the payment of dividends by such parent company on its Designated Preferred Stock) during such period; and 

  
 18 

 (c) all dividends or other distributions paid or accrued (excluding items eliminated in
consolidation) on any series of Disqualified Stock during such period. 
 “Foreign Subsidiary” means, with respect
to any Person, any Restricted Subsidiary of such Person that is not organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof and any Restricted Subsidiary of such Foreign
Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United States of America that are in
effect on the Issue Date. 
 “Global Note Legend” means the legend set forth in Section 2.06(f)(ii) hereof,
which is required to be placed on all Global Notes issued under this Indenture. 
 “Global Notes” means,
individually and collectively, each of the Restricted Global Notes and the Unrestricted Global Notes deposited with or on behalf of and registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A hereto and
that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with Section 2.01, 2.06(b) or 2.06(d) hereof. 

“Government Securities” means securities that are: 

(a) direct obligations of the United States for the timely payment of which its full faith and credit is pledged; or 

(b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the timely payment of
which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the option of the issuers thereof, and shall also include a depository receipt issued
by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of or interest on any such Government Securities held by such custodian for the
account of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the
custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depository receipt. 

“guarantee” means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary
course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations. 

“Guarantee” means the guarantee by any Guarantor of the Issuers’ Obligations under this Indenture and the Notes.

  
 19 

 “Guarantor” means the Company and each Subsidiary of the Company, if
any, that Guarantees the Notes in accordance with the terms of this Indenture; provided that no Excluded Subsidiary shall be required to become a Guarantor hereunder. 

“Hedging Obligations” means, with respect to any Person, the obligations of such Person under any interest rate swap
agreement, interest rate cap agreement, interest rate collar agreement, commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign exchange contract, currency swap agreement or similar agreement providing for the transfer
or mitigation of interest rate, currency or commodity risks either generally or under specific contingencies. 

“Holder” means the Person in whose name a Note is registered on the Registrar’s books. 

“HSBC Asian Production Facility” means the production facility owned by Kraton Formosa. 

“Immediate Family Members” means with respect to any individual, such individual’s child, stepchild, grandchild
or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law
(including adoptive relationships) and any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals or any private foundation or fund that is controlled by any of the
foregoing individuals or any donor-advised fund of which any such individual is the donor. 
 “Indebtedness” means,
with respect to any Person, without duplication: 
 (a) any indebtedness (including principal and premium) of such Person, regardless of
whether contingent: 
 (i) in respect of borrowed money; 

(ii) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or,
without duplication, reimbursement agreements in respect thereof), other than obligations with respect to letters of credit that are not drawn upon or, to the extent drawn, that are repaid or reimbursed within ten days; 

(iii) representing the balance deferred and unpaid of the purchase price of any property (including Capitalized Lease
Obligations) due more than twelve months after such property is acquired, except (i) any such balance that constitutes an obligation in respect of a commercial letter of credit, a trade payable or similar obligation to a trade creditor, in each
case accrued in the ordinary course of business, (ii) any earn-out obligations until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and if not paid after
becoming due and payable and (iii) any lease other than a capital lease; or 
 (iv) representing the net obligations
under any Hedging Obligations; 

  
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 if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging
Obligations) would appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; 

(b) to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the
obligations of the type referred to in clause (a) of a third Person (regardless of whether such items would appear upon the balance sheet of the such obligor or guarantor), other than by endorsement of negotiable instruments for collection in
the ordinary course of business; and 
 (c) to the extent not otherwise included, the obligations of the type referred to in clause
(a) of a third Person secured by a Lien on any asset owned by such first Person, regardless of whether such Indebtedness is assumed by such first Person; provided that notwithstanding the foregoing, Indebtedness shall be deemed not to
include (i) Contingent Obligations incurred in the ordinary course of business or (ii) obligations under or in respect of Qualified Securitization Facilities. 

Notwithstanding the preceding, “Indebtedness” of a Person shall not include: 

(i) any indebtedness that has been defeased in accordance with GAAP or defeased pursuant to the deposit of cash or Cash Equivalents (in an
amount sufficient to satisfy all such indebtedness obligations at maturity or redemption, as applicable, and all payments of interest and premium, if any) in a trust or account created or pledged for the sole benefit of the holders of such
indebtedness, and subject to no other Liens; 
 (ii) any repayment or reimbursement obligation of such Person or any of its Restricted
Subsidiaries with respect to Customary Recourse Exceptions, unless and until an event or circumstance occurs that triggers the Person’s or such Restricted Subsidiary’s direct repayment or reimbursement obligation (as opposed to contingent
or performance obligations) to the lender or other Person to whom such obligation is actually owed, in which case the amount of such direct payment or reimbursement obligation shall constitute Indebtedness; 

(iii) the proceeds of indebtedness which are funded into an escrow or other trust arrangement pending the satisfaction of one or more
conditions, unless and until such proceeds are released to such Person or any of its Restricted Subsidiaries; and 
 (iv) Obligations in
respect of any agreement or other arrangement governing the provision of Bank Products. 
 “Indenture” means this
Indenture, as amended or supplemented from time to time. 
 “Independent Financial Advisor” means an accounting,
appraisal, investment banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged. 

“Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

  
 21 

 “Initial Notes” has the meaning set forth in the recitals hereto.

 “Initial Purchasers” means J.P. Morgan Securities LLC, BMO Capital Markets Corp., Deutsche Bank Securities Inc.
and BofA Securities, Inc. 
 “Interest Payment Date” means June 15 and December 15 of each year or, if any
such day is not a Business Day, on the next succeeding Business Day, in each case to stated maturity. 
 “Internal
Revenue Code” means the United States Internal Revenue Code of 1986, as amended. 
 “Inventory
Revaluation” means an adjustment (positive or negative) to Consolidated Adjusted EBITDA equal to the difference of (a) Consolidated EBITDA as determined in accordance with the “first-in-first-out” method of accounting minus (b) Consolidated Adjusted EBITDA as determined in accordance with the “replacement cost” method
of accounting, computed by adjusting cost of sales to reflect the cost of raw material prices during the applicable period. 

“Investment Grade Rating” means a rating equal to or higher than: 

(a) Baa3 (or the equivalent) by Moody’s; 

(b) BBB– (or the equivalent) by S&P; or 

(c) BBB– (or the equivalent) by Fitch; 

or, if any such entity ceases to rate the Notes for reasons outside of the control of the Company or the Issuers, the equivalent investment
grade credit rating from any other Rating Agency selected by the Company as a replacement agency. 
 “Investment Grade
Receivables” means accounts receivable owing from account debtors, which account debtors, or any parent thereof, has a credit rating of BBB– or Baa3 or higher as determined by S&P or Moody’s, as applicable. 

“Investment Grade Securities” means: 

(a) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof
(other than Cash Equivalents); 
 (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities
or instruments constituting loans or advances among the Company and its Subsidiaries; 
 (c) investments in any fund that invests exclusively
in investments of the type described in clauses (a) and (b) which fund may also hold immaterial amounts of cash pending investment or distribution; and 

  
 22 

 (d) corresponding instruments in countries other than the United States customarily utilized
for high quality investments. 
 “Investments” means, with respect to any Person, all investments by such Person in
other Persons (including Affiliates) in the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit, advances to customers and distributors, commission, travel and similar advances to
employees, directors, officers, managers, distributors and consultants in each case made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other
Person and investments that are required by GAAP to be classified on the balance sheet (excluding the footnotes) of the Company in the same manner as the other investments included in this definition to the extent such transactions involve the
transfer of cash or other property. For purposes of the definition of “Unrestricted Subsidiary” and Section 4.07 hereof: 

(a) “Investments” shall include the portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair
market value of the net assets of a Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be
deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to: 

(i) the Company’s “Investment” in such Subsidiary at the time of such redesignation; less 

(ii) the portion (proportionate to the Company’s Equity Interest in such Subsidiary) of the fair market value of the net
assets of such Subsidiary at the time of such redesignation; and 
 (b) any property transferred to or from an Unrestricted Subsidiary shall
be valued at its fair market value at the time of such transfer. 
 The amount of any Investment outstanding at any time shall be the
original cost of such Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment or other amount received in cash by the Company or a Restricted Subsidiary in respect of such Investment. 

“Issue Date” means December 21, 2020. 

“Issuer” means (a) for purposes of all Articles or Sections of this Indenture other than Article 5 hereof, Kraton
Polymers LLC, and (b) solely for purposes of Article 5 hereof, either of the Issuers. 
 “Issuers” means Kraton
Polymers LLC and Kraton Polymers Capital Corporation and their successors. 
 “Issuers’ Order” means a written
request or order signed on behalf of each of the Issuers by the Chief Executive Officer, the Chief Financial Officer, the Treasurer or the Chief Accounting Officer of each such Issuer, and delivered to the Trustee. 

  
 23 

 “KFPC Percentage” means, at any date of measurement, the percentage
of indebtedness of Kraton Formosa directly or indirectly guaranteed by the Company. 
 “Legal Holiday” means a
Saturday, a Sunday or a day on which commercial banking institutions are not required to be open in the State of New York or place of payment. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge,
security interest, preference, priority or encumbrance of any kind in respect of such asset, regardless of whether filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any
lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction;
provided that in no event shall an operating lease be deemed to constitute a Lien. 
 “Management
Stockholders” means the members of management (and their Controlled Investment Affiliates and Immediate Family Members) of the Issuer (or its direct parent) who are holders of Equity Interests of any direct or indirect parent companies
of the Issuer on the Issue Date. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor to
its rating agency business. 
 “Net Income” means, with respect to any Person, the net income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 
 “Net
Proceeds” means the aggregate cash or Cash Equivalents proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale, including any cash or Cash Equivalents received upon the sale or other
disposition of any Designated Non-cash Consideration received in any Asset Sale, net of the direct costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash Consideration, including legal, accounting and investment banking fees, payments made in order to obtain a necessary consent or required by applicable law, and brokerage and sales commissions, any
relocation expenses incurred as a result thereof, other fees and expenses, including title and recordation expenses, taxes paid or payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing
arrangements), amounts required to be applied to the repayment of Indebtedness secured by a Lien on such assets and required (other than required by Section 4.10(b)(i) hereof) to be paid as a result of such transaction and any deduction of
appropriate amounts to be provided by the Company or any of its Restricted Subsidiaries as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by the Company or any of its
Restricted Subsidiaries after such sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such
transaction. 

  
 24 

 “Non-Recourse Debt” means
Indebtedness as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness) or (b) is directly or
indirectly liable as a guarantor or otherwise, except for Customary Recourse Exceptions. 

“Non-U.S. Person” means a Person who is not a U.S. Person. 

“Notes” means the Initial Notes and any Additional Notes that are issued, and more particularly means any Note
authenticated and delivered under this Indenture. 
 “Obligations” means any principal, interest (including any
interest accruing on or subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, regardless of whether such interest is an allowed claim under
applicable state, federal or foreign law), premium, penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities, and
guarantees of payment of such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 

“Offering Memorandum” means the Offering Memorandum, dated December 7, 2020, relating to the sale of the
Initial Notes. 
 “Officer” means, with respect to any Person, the Chairman of the board of directors, the Chief
Executive Officer, the Chief Financial Officer, the Chief Accounting Officer, the President, any Executive Vice President or Senior Vice President, the Treasurer or the Secretary of such Person. 

“Officer’s Certificate” means a certificate signed on behalf of a Person by an Officer of such Person, who must
be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of such Person, that meets the requirements set forth in this Indenture. Unless otherwise required by the context, references to
“Officer’s Certificate” shall be deemed to be mean an Officer’s Certificate of the Issuers. 
 “Opinion of
Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. 

“Participant” means, with respect to the Depositary, a Person who has an account with the Depositary. 

“Permitted Asset Swap” means the substantially concurrent purchase and sale or exchange of Related Business Assets or
a combination of Related Business Assets and Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any Cash Equivalents received must be applied in accordance with Section 4.10
hereof. 

  
 25 

 “Permitted Holders” means each of the Management Stockholders and
any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision) of which any of the foregoing are members; provided that, in the case of such group and without giving effect to
the existence of such group or any other group, such Management Stockholders, collectively, have beneficial ownership of more than 50% of the total voting power of the Voting Stock of the Issuer or any of its direct or indirect parent companies. Any
Person or group whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture will thereafter, together with its Affiliates,
constitute an additional Permitted Holder. 
 “Permitted Investments” means: 

(a) any Investment in the Company or any of its Restricted Subsidiaries; 

(b) any Investment in Cash Equivalents or Investment Grade Securities; 

(c) any Investment by the Company or any of its Restricted Subsidiaries in a Person (including, to the extent constituting an Investment, in
assets of a Person that represent substantially all of its assets or a division, business unit or product line, including research and development and related assets in respect of any product) that is engaged directly or through entities that will
be Restricted Subsidiaries in a Similar Business if as a result of such Investment: 
 (i) such Person becomes a Restricted
Subsidiary; or 
 (ii) such Person, in one transaction or a series of related transactions, is amalgamated, merged,
consolidated or combined with or into, or transfers or conveys substantially all of its assets (or a division, business unit or product line, including any research and development and related assets in respect of any product), or is liquidated
into, the Company or a Restricted Subsidiary, 
 and, in each case, any Investment held by such Person; provided that such Investment was not
acquired by such Person in contemplation of such acquisition, merger, amalgamation, Division, consolidation, business combination or transfer; 

(d) any Investment in securities or other assets not constituting Cash Equivalents or Investment Grade Securities and received in connection
with an Asset Sale made pursuant to Section 4.10(a) hereof or any other disposition of assets not constituting an Asset Sale; 
 (e) any
Investment existing on the Issue Date or made pursuant to binding commitments in effect on the Issue Date or an Investment consisting of any extension, modification or renewal of any such Investment or binding commitment existing on the Issue Date;
provided that the amount of any such Investment may be increased in such extension, modification or renewal only (i) as required by the terms of such Investment or binding commitment as in existence on the Issue Date (including as a
result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities) or (ii) as otherwise permitted under this
Indenture; 

  
 26 

 (f) any Investment acquired by the Company or any of its Restricted Subsidiaries: 

(i) consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade
credit in the ordinary course of business; or 
 (ii) in exchange for any other Investment or accounts receivable held by the
Company or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable (including any trade creditor or customer); or

 (iii) in satisfaction of judgments against other Persons; or 

(iv) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries with respect to any secured Investment
or other transfer of title with respect to any secured Investment in default; 
 (g) Hedging Obligations permitted under
Section 4.09(b)(x) hereof; 
 (h) any Investment in a Similar Business taken together with all other Investments made pursuant to this
clause (h) that are at that time outstanding, not to exceed the greater of (i) $150.0 million and (ii) 5.00% of Total Assets; 

(i) Investments the payment for which consists of Equity Interests (other than Disqualified Stock) of the Company, or any of its direct or
indirect parent companies; provided that such Equity Interests will not increase the amount available for Restricted Payments under Section 4.07(a)(ii)(C) hereof; 

(j) guarantees of Indebtedness permitted under Section 4.09 hereof; 

(k) any transaction to the extent it constitutes an Investment that is permitted by and made in accordance with the provisions of
Section 4.11(b) hereof (except transactions described in Sections 4.11(b)(ii) and 4.11(b)(iv) hereof); 
 (l) Investments consisting of
purchases or other acquisitions of inventory, supplies, material or equipment or the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons; 

(m) additional Investments, taken together with all other Investments made pursuant to this clause (m) that are at that time outstanding
(without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds of such sale do not consist of cash or have not been subsequently sold or transferred for cash or marketable securities), not to exceed the greater of
(i) $175.0 million and (ii) 5.00% of Total Assets; 
 (n) Investments in or relating to a Securitization Subsidiary that, in
the good faith determination of the Company are necessary or advisable to effect any Qualified Securitization Facility or any repurchase obligation in connection therewith; 

  
 27 

 (o) advances to, or guarantees of Indebtedness of, employees not in excess of
$15.0 million outstanding at any one time, in the aggregate; 
 (p) loans and advances to employees, directors, officers, managers,
distributors and consultants for business-related travel expenses, moving expenses and other similar expenses or payroll advances, in each case incurred in the ordinary course of business or consistent with past practices or to fund such
Person’s purchase of Equity Interests of the Company or any direct or indirect parent company thereof; 
 (q) advances, loans or
extensions of trade credit in the ordinary course of business by the Company or any of its Restricted Subsidiaries; 
 (r) any Investment in
any Subsidiary or any joint venture in connection with intercompany cash management arrangements or related activities arising in the ordinary course of business; 

(s) Investments consisting of purchases and acquisitions of assets or services in the ordinary course of business; 

(t) Investments made in the ordinary course of business in connection with obtaining, maintaining or renewing client contacts and loans or
advances made to distributors in the ordinary course of business; 
 (u) Investments in prepaid expenses, negotiable instruments held for
collection and lease, utility and workers compensation, performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business; 

(v) repurchases of Notes and the Existing Notes; 

(w) any Investment by the Issuer or any other Restricted Subsidiaries in any joint venture, provided that the aggregate amount of such
Investment, taken together with all other Investments made pursuant to this clause (w) that are at the time outstanding, does not exceed the greater of (i) $150.0 million and (ii) 5.00% of Total Assets; 

(x) Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection of deposit
and Article 4 customary trade arrangements with customers consistent with past practices; 
 (y) Investments in the HSBC Asian
Production Facility in an aggregate amount not to exceed $25.0 million; and 
 (z) the payment of unlimited Restricted Investments to
the extent the Total Net Leverage Ratio as of the date of such Restricted Investment would not exceed 3.50:1.00 determined on a pro forma basis after giving effect to such Investment and the transactions entered into in connection therewith. 

  
 28 

 “Permitted Liens” means, with respect to any Person: 

(a) pledges, deposits or security by such Person under workmen’s compensation laws, unemployment insurance, employers’ health tax,
and other social security laws or similar legislation or other insurance related obligations (including, but not limited to, in respect of deductibles, self-insured retention amounts and premiums and adjustments thereto) or indemnification
obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance, or good faith deposits in connection with bids, tenders, contracts
(other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or U.S. government bonds to secure surety or appeal bonds to which such
Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case incurred in the ordinary course of business; 

(b) Liens imposed by law, such as carriers’, warehousemen’s, materialmen’s, repairmen’s and mechanics’ Liens, in each
case for sums not yet overdue for a period of more than 30 days or being contested in good faith by appropriate actions or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding
with an appeal or other proceedings for review if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(c) Liens for taxes, assessments or other governmental charges not yet overdue for a period of more than 30 days or not yet payable or subject
to penalties for nonpayment or which are being contested in good faith by appropriate actions diligently conducted, if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(d) Liens in favor of issuers of performance, surety, bid, indemnity, warranty, release, appeal or similar bonds or with respect to other
regulatory requirements or letters of credit or bankers acceptances issued, and completion guarantees provided for, in each case, issued pursuant to the request of and for the account of such Person in the ordinary course of its business or
consistent with past practice prior to the Issue Date; 
 (e) minor survey exceptions, minor encumbrances, ground leases, easements or
reservations of, or rights of others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph, telephone and cable television lines and other
similar purposes, or zoning, building codes or other restrictions (including minor defects and irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental, to the conduct of the business of such Person or
to the ownership of its properties which were not incurred in connection with Indebtedness and which do not in the aggregate materially impair their use in the operation of the business of such Person; 

(f) Liens securing Obligations relating to any Indebtedness permitted to be incurred pursuant to Sections 4.09(b)(iv), 4.09(b)(xii)(B),
4.09(b)(xiii), 4.09(b)(xxiii) or 4.09(b)(xxiv) hereof; provided that (a) Liens securing Obligations relating to any Indebtedness, Disqualified Stock or Preferred Stock permitted to be incurred pursuant to Section 4.09(b)(xiii)
hereof relate 

  
 29 

 
only to Obligations relating to Refinancing Indebtedness that (x) is secured by Liens on the same assets as the assets securing the Refinancing Indebtedness or (y) extends, replaces,
refunds, refinances, renews or defeases Indebtedness incurred or Disqualified Stock or Preferred Stock issued under Sections 4.09(b)(iv) or 4.09(b)(xii)(B) hereof, (b) Liens securing Obligations relating to Indebtedness permitted to be incurred
pursuant to Section 4.09(b)(xxiii) hereof extend only to the assets of Foreign Subsidiaries, (c) Liens securing Obligations relating to any Indebtedness permitted to be incurred pursuant to Section 4.09(b)(xxiv) extend only to
acquired property or the assets of the acquired entity, and (d) Liens securing Obligations relating to any Indebtedness, Disqualified Stock or Preferred Stock to be incurred pursuant to Section 4.09(b)(iv) hereof extend only to the assets
so purchased, leased or improved; 
 (g) Liens existing on the Issue Date; 

(h) Liens on property or shares of stock or other assets of a Person at the time such Person becomes a Subsidiary; provided that such
Liens are not created or incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided, further, that such Liens may not extend to any other property or other assets owned by the Company or
any of its Restricted Subsidiaries; 
 (i) Liens on property or other assets at the time the Company or a Restricted Subsidiary acquired the
property or such other assets, including any acquisition by means of a merger, amalgamation, consolidation or business combination with or into the Company or any of its Restricted Subsidiaries; provided that such Liens are not created or
incurred in connection with, or in contemplation of, such acquisition, amalgamation, merger, consolidation or business combination; provided, further, that the Liens may not extend to any other property owned by the Company or any of
its Restricted Subsidiaries; 
 (j) Liens securing Obligations relating to any Indebtedness or other obligations of a Restricted Subsidiary
owing to the Company or another Restricted Subsidiary permitted to be incurred in accordance with Section 4.09 hereof; 
 (k) Liens
securing Hedging Obligations; provided that, with respect to Hedging Obligations relating to Indebtedness, such Indebtedness is, and is permitted to be under this Indenture, secured by a Lien on the same property securing such Hedging
Obligations; 
 (l) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s accounts
payable or similar trade obligations in respect of bankers’ acceptances or trade letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(m) leases, sub-leases, licenses or sub-licenses granted to
others in the ordinary course of business which do not materially interfere with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries and do not secure any Indebtedness; 

(n) Liens arising from Uniform Commercial Code (or equivalent statute) financing statement filings regarding operating leases or consignments
entered into by the Company and its Restricted Subsidiaries in the ordinary course of business; 

  
 30 

 (o) Liens in favor of the Company, or any Subsidiary Guarantor; 

(p) Liens on equipment of the Company or any of its Restricted Subsidiaries granted in the ordinary course of business to the Company’s
clients; 
 (q) Liens on accounts receivable, Securitization Assets and related assets incurred in connection with a Qualified Securitization
Facility; 
 (r) Liens to secure any modification, refinancing, refunding, extension, renewal or replacement (or successive refinancing,
refunding, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (g), (h) and (i); provided that (i) such new Lien shall be limited to all or part
of the same property that secured the original Lien (plus improvements on such property), and (ii) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of (x) the outstanding
principal amount of the Indebtedness described under clauses (g), (h) and (i) at the time the original Lien became a Permitted Lien under this Indenture, and (y) an amount necessary to pay any fees and expenses, including premiums and
accrued and unpaid interest, related to such modification, refinancing, refunding, extension, renewal or replacement; 
 (s) deposits made or
other security provided in the ordinary course of business to secure liability to insurance carriers; 
 (t) other Liens securing obligations
in an aggregate amount at any one time outstanding not to exceed the greater of (i) $75.0 million and (ii) 2.50% of Total Assets determined as of the date of incurrence; 

(u) Liens securing judgments for the payment of money not constituting an Event of Default under Section 6.01(e) hereof so long as such
Liens are adequately bonded and any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

(v) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods in the ordinary course of business; 
 (w) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course of collection, (ii) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of
business, and (iii) in favor of banking institutions arising as a matter of law or under general terms and conditions encumbering deposits (including the right of set-off) and which are within the general
parameters customary in the banking industry; 
 (x) Liens deemed to exist in connection with Investments in repurchase agreements permitted
under Section 4.09 hereof; provided that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement; 

  
 31 

 (y) Liens encumbering reasonable customary deposits and margin deposits and similar Liens
attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(z) Liens that are contractual rights of set-off (i) relating to the establishment of depository
relations with banks not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Company or any of its Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations
incurred in the ordinary course of business of the Company and its Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the Company or any of its Restricted Subsidiaries in the
ordinary course of business; 
 (aa) Liens securing obligations owed by the Company or any Restricted Subsidiary to any lender under the
Senior Credit Facilities or any Affiliate of such a lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds; 

(bb) any encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any joint venture or similar
arrangement pursuant to any joint venture or similar agreement; 
 (cc) Liens arising out of conditional sale, title retention, consignment
or similar arrangements for the sale or purchase of goods entered into by the Company or any Restricted Subsidiary in the ordinary course of business; 

(dd) Liens solely on any cash earnest money deposits made by the Company or any of its Restricted Subsidiaries in connection with any letter of
intent or purchase agreement permitted; 
 (ee) ground leases in respect of real property on which facilities owned or leased by the Company
or any of its Subsidiaries are located; 
 (ff) Liens on insurance policies and the proceeds thereof securing the financing of the premiums
with respect thereto; 
 (gg) Liens on Capital Stock of an Unrestricted Subsidiary that secure Indebtedness or other obligations of such
Unrestricted Subsidiary; 
 (hh) Liens on the assets of non-guarantor Subsidiaries (other than the
Issuers) securing Indebtedness of such Subsidiaries that were permitted by the terms of this Indenture to be incurred; and 
 (ii) Liens
arising solely from precautionary Uniform Commercial Code financing statements or similar filings. 
 “Person” means
any individual, corporation, limited liability company, partnership, joint venture, association, joint stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

  
 32 

 “Preferred Stock” means any Equity Interest with preferential rights
of payment of dividends or upon liquidation, dissolution, or winding up. 
 “Private Placement Legend” means the
legend set forth in Section 2.06(f)(i) hereof to be placed on all Notes issued under this Indenture, except where otherwise permitted by the provisions of this Indenture. 

“Pro Forma Basis” means with respect to any determination of the Senior Secured Net Leverage Ratio, the Total Net
Leverage Ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets (including, in each case, component definitions thereof), for any period during which one or more Subject Transactions occurs, such Subject Transaction (and all other Subject
Transactions that have been consummated during the applicable period) shall be deemed to have occurred as of the first day of the most recent four fiscal quarter period of measurement and all income statement items (whether positive or negative)
attributable to the property or Person disposed of in a Subject Transaction shall be excluded and all income statement items (whether positive or negative) attributable to the property or Person acquired in a Subject Transaction shall be included;
provided that the foregoing pro forma adjustments may include anticipated cost savings, operating expense reductions, other operating improvements and synergies solely to the extent set forth in the definition of Consolidated Adjusted EBITDA.

 “Pro Forma EBITDA” means, with respect to any Specified Transaction for any period, the amount for such period of
Consolidated Adjusted EBITDA calculated on a Pro Forma Basis for such Specified Transaction. 
 “QIB” means a
“qualified institutional buyer” as defined in Rule 144A. 
 “Qualified Proceeds” means the fair market
value of assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business. 
 “Qualified
Securitization Facility” means any Securitization Facility that meets the following conditions: (a) the board of directors of the Company shall have determined in good faith that such Securitization Facility (including financing
terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Company and the applicable Securitization Subsidiary; (b) all sales and/or contributions of Securitization Assets and related
assets to the applicable Securitization Subsidiary are made at fair market value (as determined in good faith by the Company); and (c) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as
determined in good faith by the Company). 
 “Rating Agency” means each of Moody’s, S&P and Fitch, or if
(and only if) any of Moody’s, S&P or Fitch shall not make a rating on the applicable securities publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company, which shall be
substituted for Moody’s, S&P or Fitch, as the case may be. 

  
 33 

 “Rating Decline” means the occurrence of: 

(a) a decrease of one or more gradations (including gradations within rating categories as well as between rating categories) in the rating of
the Notes by at least two Rating Agencies; or 
 (b) a withdrawal of the rating of the Notes by at least two Rating Agencies; 

provided, however, that such decrease or withdrawal by any Rating Agency occurs on, or within 60 days before or after the earlier of (i) a Change
of Control, (ii) the date of public notice of the occurrence of a Change of Control or (iii) public notice of the intention by the Company to effect a Change of Control (which period shall be extended so long as the rating of the Notes is
under publicly announced consideration for downgrade by such Rating Agency). 
 “Record Date” for the interest
payable on any applicable Interest Payment Date means the June 1 and December 1 (whether or not a Business Day) immediately preceding such Interest Payment Date. 

“Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Global Note” means a Regulation S Permanent Global Note or a Regulation S Temporary Global Note, as
applicable. 
 “Regulation S Permanent Global Note” means a Global Note in the form of Exhibit A bearing the
Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the of the Regulation S
Temporary Global Note upon expiration of the Restricted Period. 
 “Regulation S Temporary Global Note” means a
Global Note in the form of Exhibit A bearing the Global Note Legend and the Temporary Global Note Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee, issued in a denomination equal to the
outstanding principal amount of the of the Notes sold in reliance of Rule 903 of Regulation S. 
 “Related Business
Assets” means assets (other than Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Company or a Restricted Subsidiary in exchange for assets transferred by the Company or a
Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary. 

“Responsible Officer” means, when used with respect to the Trustee, any officer within the corporate trust department
of the Trustee (or any successor group of the Trustee), including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to
those performed by the Persons who at the time shall be such officers, respectively, or, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of such Person’s knowledge of and
familiarity with the particular subject, and who, in each case, shall have direct responsibility for the administration of this Indenture. 

  
 34 

 “Restricted Definitive Note” means a Definitive Note bearing, or
that is required to bear, the Private Placement Legend. 
 “Restricted Global Note” means a Global Note bearing, or
that is required to bear, the Private Placement Legend. 
 “Restricted Investment” means an Investment other than a
Permitted Investment. 
 “Restricted Period” means the 40-day distribution
compliance period as defined in Regulation S. 
 “Restricted Subsidiary” means, at any time, any direct or indirect
Subsidiary of the Company (including any Foreign Subsidiary and the Issuers) that is not then an Unrestricted Subsidiary; provided that upon an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be
included in the definition of “Restricted Subsidiary.” 
 “Rule 144” means Rule 144 promulgated under the
Securities Act. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and any successor to
its rating agency business. 
 “Sale and Lease-Back Transaction” means any arrangement providing for the leasing by
the Company or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to a third Person in contemplation of such leasing.

 “SEC” means the U.S. Securities and Exchange Commission. 

“Secured Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries secured by a Lien.

 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC
promulgated thereunder. 
 “Securitization Assets” means the accounts receivable, royalty or other revenue and other
rights to payment and any other assets related thereto subject to a Qualified Securitization Facility and the proceeds thereof. 

  
 35 

 “Securitization Facility” means any of one or more receivables
securitization financing facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the Obligations of which are non-recourse (except for customary
representations, warranties, covenants and indemnities made in connection with such facilities) to the Company or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) pursuant to which the Company or any of its Restricted
Subsidiaries sells or grants a security interest in its accounts receivable or assets related thereto to either (a) a Person that is not a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn sells its accounts receivable
to a Person that is not a Restricted Subsidiary. 
 “Securitization Fees” means distributions or payments made
directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Securitization Subsidiary in connection with, any Qualified Securitization Facility. 

“Securitization Subsidiary” means any Subsidiary formed for the purpose of, and that solely engages only in one or
more Qualified Securitization Facilities and other activities reasonably related thereto. 
 “Senior Credit
Facilities” means, collectively, the Term Loan Facility and the ABL Facility. 
 “Senior Debt” means:

 (a) all Indebtedness of the Company or any of its Restricted Subsidiaries outstanding under Credit Facilities and all Hedging Obligations
with respect thereto; 
 (b) the Notes and any other Indebtedness of the Company or any of its Restricted Subsidiaries permitted to be
incurred under the terms of this Indenture, unless the instrument under which such Indebtedness is incurred expressly provides that it is subordinated in right of payment to the Notes or any Guarantee; and 

(c) all Obligations with respect to the items listed in the preceding clauses (a) and (b); 

Notwithstanding anything to the contrary in the preceding sentence, Senior Debt will not include: 

(i) any intercompany Indebtedness of the Company or any of its Subsidiaries to the Company or any of its Affiliates; 

(ii) any Indebtedness that is incurred in violation of this Indenture; or 

(iii) any trade payables or taxes owed or owing by the Company or any of its Restricted Subsidiaries. 

“Senior Secured Net Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Total
Indebtedness for borrowed money other than Indebtedness owed to either of the Issuers or any Guarantor that is secured by a Lien minus (x) the aggregate amount of cash and Cash Equivalents not listed as “restricted” on
the consolidated balance sheet of the Company and its Restricted Subsidiaries as of such date minus (y) without duplication, the 

  
 36 

 
aggregate amount of cash and Cash Equivalents restricted in favor of the Term Loan Facility (which may also secure other indebtedness secured by a pari passu or junior Lien on the collateral
securing the Term Loan Facility along with the Term Loan Facility) to (b) Consolidated Adjusted EBITDA for the most recently ended four fiscal quarters ending immediately prior to such date for which internal financial statements are available.

 In the event that the Company or any Restricted Subsidiary incurs, assumes, guarantees, redeems, repays, retires or extinguishes any
Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility unless such Indebtedness has been permanently repaid and has not been replaced) or issues or redeems Disqualified Stock or Preferred Stock subsequent to the
commencement of the period for which the Senior Secured Net Leverage Ratio is being calculated but prior to or simultaneously with the event for which the calculation of the Senior Secured Net Leverage Ratio is made (the “Secured Net
Leverage Ratio Calculation Date”), then the Senior Secured Net Leverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, guarantee, redemption, repayment, retirement or extinguishment of
Indebtedness, or such issuance or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred immediately prior to the end of such most recent fiscal quarter end. 

For purposes of making the computation referred to above, Investments, acquisitions, dispositions, Divisions, mergers, amalgamations,
consolidations, other business combinations and discontinued operations (as determined in accordance with GAAP) that have been made by the Company or any of its Restricted Subsidiaries during the four-quarter reference period or subsequent to such
reference period and on or prior to or simultaneously with the Secured Net Leverage Ratio Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, Divisions, mergers,
amalgamations, consolidations, other business combinations and discontinued operations (and the change in Consolidated Adjusted EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of
such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any of its Restricted Subsidiaries since the beginning of such period shall have made any Investment, acquisition, disposition,
Division, merger, amalgamation, consolidation, other business combinations or discontinued operation that would have required adjustment pursuant to this definition, then the Senior Secured Net Leverage Ratio shall be calculated giving pro forma
effect thereto for such period as if such Investment, acquisition, disposition, Division, merger, amalgamation, consolidation, other business combinations or discontinued operation had occurred at the beginning of the applicable four-quarter
period. For purposes of this definition, whenever pro forma effect is to be given to an Investment, acquisition, disposition, Division, merger, consolidation or other business combination, the pro forma calculations shall be made in
good faith by a responsible financial or accounting officer of the Company (and may include cost savings, synergies and operating expense reductions resulting from such Investment, acquisition, disposition, Division, merger, amalgamation,
consolidation or other business combination which is being given pro forma effect that have been or are expected to be realized). 

“Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as defined
in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date. 

  
 37 

 “Similar Business” means (a) any business engaged in by the
Company or any of its Restricted Subsidiaries on the Issue Date and (b) any business or other activities that are reasonably similar, ancillary, complementary or related to, or a reasonable extension, development or expansion of, the businesses
in which the Company and its Restricted Subsidiaries are engaged on the Issue Date. 
 “Specified Disposition” means
any disposition of all or substantially all of the assets or Equity Interests of any Restricted Subsidiary of the Company or any division, business unit, product line or line of business of such Restricted Subsidiary or the Company. 

“Specified Transaction” means (a) any Specified Disposition, (b) any acquisition or Investment not
prohibited by this Indenture and (c) the incurrence or repayment of any Indebtedness. 
 “Subject Transaction”
means, with respect to any four fiscal quarter period, any of the following that shall have occurred during such period: (a) the Transactions; (b) any acquisitions and Investments not prohibited by this Indenture (including any Investment
in a Subsidiary which serves to increase the Company’s or any Subsidiary’s respective equity ownership in such Subsidiary or any acquisition or Investment in any joint venture for the purpose of purchasing any or all of the interests of
any joint venture partner); (c) any disposition of all or substantially all of the assets or stock of a Subsidiary (or any business unit, line of business or division of the Company or a Subsidiary) not prohibited by this Indenture; or
(d) any other event that by the terms of this Indenture requires pro forma compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis. 

“Subordinated Indebtedness” means, with respect to the Notes, 

(a) any Indebtedness of the Issuers which is by its terms subordinated in right of payment to the Notes, and 

(b) any Indebtedness of any Guarantor which is by its terms subordinated in right of payment to the Guarantee of such entity of the Notes. 

“Subsidiary” means, with respect to any Person: 

(a) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar
entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination
owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof or is consolidated under GAAP with such Person at such time; and 

(b) any partnership, joint venture, limited liability company or similar entity of which 

(i) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited
partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited
partnership or otherwise, and 

  
 38 

 (ii) such Person or any Restricted Subsidiary of such Person is a
controlling general partner or otherwise controls such entity. 
 “Subsidiary Guarantor” means any
Guarantor other than the Company. 
 “Temporary Global Note Legend” means the legend set forth in
Section 2.06(f)(iii) hereof, which is required to be placed on all Regulation S Temporary Global Notes issued under this Indenture. 

“Term Loan Facility” means the term loan credit facility entered into as of January 6, 2016 ( as
amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time prior to the date of the Offering Memorandum) by and among the Issuer, the Company, the other borrowers party thereto, the guarantors party
thereto, the lenders party thereto in their capacities as lenders thereunder and Credit Suisse AG, Cayman Islands Branch, as Administrative Agent, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed
in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures, guarantees, credit facilities or commercial paper facilities with banks or other
institutional lenders or investors that replace, refund, exchange or refinance any part of the loans, notes, guarantees, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or
indenture that increases the amount borrowable thereunder or alters the maturity thereof; provided that such increase in borrowings is permitted under Section 4.09 hereof. 

“Total Assets” means the total assets of the Company and its Restricted Subsidiaries, determined on a consolidated
basis in accordance with GAAP, as shown on the most recent balance sheet of the Company or such other Person as may be expressly stated. 

“Total Net Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Total
Indebtedness minus (x) the aggregate amount of cash and Cash Equivalents not listed as “restricted” on the consolidated balance sheet of the Company and its Restricted Subsidiaries as of such date minus (y) without duplication,
the aggregate amount of cash and Cash Equivalents restricted in favor of the Term Loan Facility (which may also secure other indebtedness secured by a pari passu or junior Lien on the collateral securing the Term Loan Facility along with the Term
Loan Facility) to (b) Consolidated Adjusted EBITDA. The Total Net Leverage Ratio shall be calculated in a manner consistent with the definition of Secured Net Leverage Ratio, including the pro forma adjustments as set forth therein. 

“Transactions” means the issuance of the Notes, the redemption of the Issuers’ 7.000% Senior Notes due 2025, the
potential satisfaction and discharge of the indenture governing the Issuers’ 7.000% Senior Notes due 2025 and the payment of the Transaction Costs in connection with the foregoing. 

  
 39 

 “Transaction Costs” means the fees, costs and expenses payable by
the Company, any Affiliate of the Company or any of their respective Subsidiaries in connection with the Transactions. 

“Treasury Rate” means, as of any Redemption Date, the yield to maturity as of such Redemption Date of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if such
Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to December 15, 2022; provided that if the period from the Redemption Date to
such date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. The Company will (a) calculate the Treasury Rate on the second Business Day
preceding the applicable Redemption Date and (b) prior to such redemption date file with the Trustee an Officer’s Certificate setting forth the Applicable Premium and the Treasury Rate and showing the calculation of each in reasonable
detail. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended (15 U.S.C. §§
77aaa-777bbbb). 
 “Trustee” means Wells Fargo Bank, National Association, as trustee, until a successor replaces it
in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Uniform
Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 
 “Unrestricted
Definitive Note” means a Definitive Note that does not bear and is not required to bear the Private Placement Legend. 

“Unrestricted Global Note” means a Global Note that does not bear and is not required to bear the Private Placement
Legend. 
 “Unrestricted Subsidiary” means: 

(a) any Subsidiary of the Company which at the time of determination is an Unrestricted Subsidiary (as designated by the Company, as provided
below); and 
 (b) any Subsidiary of an Unrestricted Subsidiary. 

The Company may designate any Subsidiary of the Company (including any existing Subsidiary and any newly acquired or newly formed Subsidiary)
to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of, the Company or any Subsidiary of the Company (other than solely any
Subsidiary of the Subsidiary to be so designated); provided that: 
 (i) any Unrestricted Subsidiary must be an entity
of which the Equity Interests entitled to cast a majority of the votes that may be cast by all Equity Interests having ordinary voting power for the election of directors or Persons performing a similar function are owned, directly or indirectly, by
the Company; 

  
 40 

 (ii) such designation complies with Sections 4.07 and 4.16 hereof; and 

(iii) each of (A) the Subsidiary to be so designated and (B) its Subsidiaries has not at the time of designation, and
does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or any Restricted
Subsidiary. 
 The Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that, immediately after
giving effect to such designation, no Default shall have occurred and be continuing and either: 
 (1) the Company could incur at least
$1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Test; or 
 (2) the Fixed Charge Coverage Ratio for the Company
would be equal to or greater than such ratio for the Company immediately prior to such designation, in each case on a pro forma basis taking into account such designation. 

Any such designation by the Company shall be notified by the Company to the Trustee by promptly filing with the Trustee a copy of the
resolution of the board of directors of the Company or any committee thereof giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing provisions. 

“U.S. Person” means a U.S. person as defined in Rule 902(k) promulgated under the Securities Act. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to
vote in the election of the board of directors or similar governing body of such Person. 
 “Weighted Average Life to
Maturity” means, when applied to any Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, at any date, the quotient obtained by dividing: 

(a) the sum of the products of the number of years from the date of determination to the date of each successive scheduled principal payment of
such Indebtedness or redemption or similar payment with respect to such Disqualified Stock or Preferred Stock multiplied by the amount of such payment; by 

(b) the sum of all such payments. 

“Wholly-Owned Subsidiary” of any Person means a Subsidiary of such Person, 100% of the outstanding Equity Interests of
which (other than directors’ qualifying shares and shares issued to foreign nationals as required by applicable law) shall at the time be owned by such Person and/or by one or more Wholly-Owned Subsidiaries of such Person. 

  
 41 

 Section 1.02 Other Definitions. 

 

					
	 Term
	  	Defined in Section	 
	 “Acceptable Commitment”
	  	 	4.10	 
	 “Affiliate Transaction”
	  	 	4.11	 
	 “Applicable Premium Deficit”
	  	 	8.04	 
	 “Asset Sale Offer”
	  	 	4.10	 
	 “Authentication Order”
	  	 	2.02	 
	 “Change of Control Offer”
	  	 	4.14	 
	 “Change of Control Payment”
	  	 	4.14	 
	 “Change of Control Payment Date”
	  	 	4.14	 
	 “Covenant Defeasance”
	  	 	8.03	 
	 “Covenant Suspension Event”
	  	 	4.17	 
	 “DTC”
	  	 	2.03	 
	 “EDGAR”
	  	 	4.03	 
	 “Event of Default”
	  	 	6.01	 
	 “Excess Proceeds”
	  	 	4.10	 
	 “Fixed Charge Coverage Test”
	  	 	4.07	 
	 “incur” and “incurrence”
	  	 	4.09	 
	 “Initial Lien”
	  	 	4.12	 
	 “Legal Defeasance”
	  	 	8.02	 
	 “Note Registrar”
	  	 	2.03	 
	 “Offer Amount”
	  	 	3.09	 
	 “Offer Period”
	  	 	3.09	 
	 “Pari Passu Indebtedness”
	  	 	4.10	 
	 “Paying Agent”
	  	 	2.03	 
	 “Purchase Date”
	  	 	3.09	 
	 “Redemption Date”
	  	 	3.01	 
	 “Refinancing Indebtedness”
	  	 	4.09	 
	 “Refunding Capital Stock”
	  	 	4.07	 
	 “Registrar”
	  	 	2.03	 
	 “Reinstatement Date”
	  	 	4.17	 
	 “Restricted Payments”
	  	 	4.07	 
	 “Second Commitment”
	  	 	4.10	 
	 “Note Register”
	  	 	2.03	 
	 “Successor Company”
	  	 	5.01	 
	 “Successor Guarantor”
	  	 	5.01	 
	 “Successor Issuer”
	  	 	5.01	 
	 “Treasury Capital Stock”
	  	 	4.07	 

  
 42 

 Section 1.03 Rules of Construction. Unless the context
otherwise requires: 
 (a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c) “or” is not exclusive; 

(d) “including”, “includes” and similar words means including without limitation; 

(e) words in the singular include the plural, and in the plural include the singular; 

(f) “will” shall be interpreted to express a command; 

(g) provisions apply to successive events and transactions; 

(h) references to sections of, or rules under, the Securities Act shall be deemed to include substitute, replacement or successor sections or
rules adopted by the SEC from time to time; 
 (i) unless the context otherwise requires, any reference to an “Article,”
“Section” or “clause” refers to an Article, Section or clause, as the case may be, of this Indenture; 
 (j) the words
“herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not any particular Article, Section, clause or other subdivision; 

(k) the principal amount of any non-interest bearing or other discount security at any date shall be
the principal amount thereof that would be shown on a balance sheet of the Issuers dated such date prepared in accordance with GAAP; and 

(l) the principal amount of any Preferred Stock shall be (i) the maximum liquidation value of such Preferred Stock or (ii) the
maximum mandatory redemption or mandatory purchase price with respect to such Preferred Stock, whichever is greater. 

Section 1.04 Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments is delivered to the Trustee and, where it is hereby expressly required, to the Issuers. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding by any Person
of a Note, shall be sufficient for any purpose of this Indenture and (subject to Section 7.01 hereof) conclusive in favor of the Trustee and the Issuers, if made in the manner provided in this Section 1.04. 

  
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 (b) The fact and date of the execution by any Person of any such instrument or writing may
be proved by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged
to him the execution thereof. Where such execution is by or on behalf of any legal entity other than an individual, such certificate or affidavit shall also constitute proof of the authority of the Person executing the same. The fact and date of the
execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient. 

(c) The ownership of Notes shall be proved by the Note Register. 

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Note shall bind every future
Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted by the Trustee or the Issuers in reliance thereon,
whether or not notation of such action is made upon such Note. 
 (e) The Issuers may set a record date for purposes of determining the
identity of Holders entitled to give any request, demand, authorization, direction, notice, consent, waiver or take any other act, or to vote or consent to any action by vote or consent authorized or permitted to be given or taken by Holders. Unless
otherwise specified, if not set by the Issuers prior to the first solicitation of a Holder made by any Person in respect of any such action, or in the case of any such vote, prior to such vote, any such record date shall be the later of 10 days
prior to the first solicitation of such consent or the date of the most recent list of Holders furnished to the Trustee prior to such solicitation. 

(f) Without limiting the foregoing, a Holder entitled to take any action hereunder with regard to any particular Note may do so with regard to
all or any part of the principal amount of such Note or by one or more duly appointed agents, each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. Any notice given or action taken by a Holder
or its agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given or taken by separate Holders of each such different part. 

(g) Without limiting the generality of the foregoing, a Holder, including DTC, that is a Holder of a Global Note, may make, give or take, by a
proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and any Person, that is a Holder of a Global Note,
including DTC, may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such depositary’s standing instructions and customary practices. 

(h) The Issuers may fix a record date for the purpose of determining the Persons who are beneficial owners of interests in any Global Note held
by DTC entitled under the procedures of such depositary to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this

  
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Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled
to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action, whether or not such Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent,
waiver or other action shall be valid or effective if made, given or taken more than 90 days after such record date. 
 ARTICLE 2 

THE NOTES 

Section 2.01 Form and Dating; Terms. 

(a) General. The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A. The
Notes may have notations, legends or endorsements required by law, stock exchange rules or usage. Each Note shall be dated the date of its authentication. The Notes shall be issued initially in minimum denominations of $2,000 and any integral
multiple of $1,000 in excess thereof. 
 (b) Global Notes. Notes issued in global form shall be substantially in the form of
Exhibit A hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in definitive form shall be substantially in the form of Exhibit A
hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note shall represent such of the outstanding Notes as shall be specified in the
“Schedule of Exchanges of Interests in the Global Note” attached thereto and each shall provide that it shall represent the aggregate principal amount of Notes from time to time endorsed thereon and that the aggregate principal amount of
outstanding Notes represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal
amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian or the Depositary, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 hereof.
Notes offered and sold in reliance on Regulation S shall be issued initially in the form of the Regulation S Temporary Global Note, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Custodian and
registered in the name of the Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Issuers and authenticated by the Trustee as hereinafter provided. The
Restricted Period shall be terminated upon the receipt by the Trustee of an Officer’s Certificate or otherwise in accordance with the Applicable Procedures. Following the termination of the Restricted Period, beneficial interests in each
Regulation S Temporary Global Note shall be exchanged for beneficial interests in a Regulation S Permanent Global Note pursuant to the Applicable Procedures. 

(c) Terms. The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. 

  
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 The terms and provisions contained in the Notes shall constitute, and are hereby expressly
made, a part of this Indenture, and the Issuers, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any
Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
 The Notes
shall be subject to repurchase by the Issuers pursuant to an Asset Sale Offer as provided in Section 4.10 hereof or a Change of Control Offer as provided in Section 4.14 hereof. The Notes shall not be redeemable, other than as provided in
Article 3 hereof. 
 Additional Notes ranking pari passu with the Initial Notes may be created and issued from time to time by the Issuers
without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise as the Initial Notes; provided that the
Issuers’ ability to issue Additional Notes shall be subject to the Issuers’ compliance with Section 4.09 hereof. Any Additional Notes may be issued with the benefit of an indenture supplemental to this Indenture. 

(d) Euroclear and Clearstream Applicable Procedures. The provisions of the “Operating Procedures of the Euroclear System” and
“Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream shall be applicable to transfers of beneficial interests in the
Regulation S Global Notes that are held by Participants through Euroclear or Clearstream. 
 Section 2.02
Execution and Authentication. At least one Officer must sign the Notes for each of the Issuers by manual or facsimile signature. 

If an Officer of such Issuer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note
shall nevertheless be valid. 
 A Note shall not be entitled to any benefit under this Indenture or be valid or obligatory for any purpose
until authenticated by the manual signature of the Trustee. The signature shall be conclusive evidence that the Note has been duly authenticated and delivered under this Indenture. 

On the Issue Date, the Trustee shall, upon receipt of an Issuers’ Order (an “Authentication Order”), authenticate
and deliver the Initial Notes in the aggregate principal amount or amounts specified in such Authentication Order. In addition, at any time, from time to time, the Trustee shall, upon receipt of an Authentication Order, authenticate and deliver any
Additional Notes for an aggregate principal amount specified in such Authentication Order for such Additional Notes issued or increased hereunder. Such Additional Notes issued pursuant hereto may have a CUSIP number different from that assigned to
the Initial Notes. 
 The Trustee may appoint an authenticating agent acceptable to the Issuers to authenticate Notes. An authenticating
agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an
Affiliate of the Issuers. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance by the Issuers pursuant to one or more Authentication Orders, except as provided
in Section 2.07 hereof. 

  
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 Section 2.03 Registrar and Paying Agent. 

The Issuers shall maintain (i) an office or agency where Notes may be presented for registration of transfer or for exchange
(“Registrar”) and (ii) an office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar shall keep a register of the Notes (“Note Register”) and
of their transfer and exchange. The registered Holder of a Note will be treated as the owner of the Note for all purposes. The Issuers may appoint one or more co-registrars and one or more additional paying
agents. The term “Registrar” includes any co-registrar, and the term “Paying Agent” includes any additional paying agents. 

The Issuers may change any Paying Agent or Registrar without prior notice to any Holder. The Issuers may enter into an appropriate agency
agreement with any Registrar or Paying Agent not a party to this Indenture. Any such agency agreement shall implement the provisions of this Indenture that relate to such Agent. The Issuers shall notify the Trustee in writing of the name and address
of any such Agent. If the Issuers fail to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall, to the extent that it is capable, act as such. The Issuers or any of their respective domestic Subsidiaries may act as
Registrar or Paying Agent. 
 The Issuers initially appoint The Depository Trust Company (“DTC”) to act as
Depositary with respect to the Global Notes. The Issuers initially appoint the Trustee to act as the Registrar and the Paying Agent for the Notes and to act as Custodian with respect to the Global Notes. 

Section 2.04 Paying Agent to Hold Money for Benefit of Holders or Trustee. The Issuers shall require each
Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium, if any, interest on the Notes, and will
notify the Trustee of any default by the Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuers at any time may require a Paying Agent to
pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Issuer or a domestic Subsidiary of the Issuer) shall have no further liability for the money. If the Issuer or a domestic Subsidiary of
the Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall,
to the extent it is capable, serve as Paying Agent for the Notes. 
 Section 2.05 Holder Lists. The
Registrar shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of all Holders. If the Trustee is not the Registrar, the Issuers shall furnish to the Trustee at least two
Business Days before each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders and the Issuers.

  
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 Section 2.06 Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. Except as otherwise set forth in this Section 2.06, a Global Note may be transferred, in
whole and not in part, only to another nominee of the Depositary or to a successor thereto or a nominee of such successor thereto. All beneficial interests in Global Notes will be exchanged for Definitive Notes if: 

(i) the Depositary (x) notifies the Issuers that it is unwilling or unable to continue as Depositary for such Global Note
or (y) has ceased to be a clearing agency registered under the Exchange Act, and, in either case, the Issuers fail to appoint a successor Depositary within 90 days; 

(ii) the Issuers, at their option but subject to the Depositary’s requirements, notify the Trustee in writing that they
elect to cause the issuance of Definitive Notes; provided that in no event shall the Regulation S Global Notes be exchanged for Definitive Notes prior to (A) the expiration of the Restricted Period and (B) the receipt of any
certificates required under the provisions of Regulation S; or 
 (iii) there has occurred and is continuing an Event of
Default, and the Depositary notifies the Trustee of its decision to exchange such Global Note for Definitive Notes. 
 Upon the occurrence
of any of the events listed in the preceding clauses (i) and (ii) of this Section 2.06(a), Definitive Notes delivered in exchange for any Global Note or beneficial interests therein will be registered in the names, and issued in any
approved denominations, requested by or on behalf of the Depositary (in accordance with its customary procedures). Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Every Note
authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Sections 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note,
except for Definitive Notes issued subsequent to any of the events described in clauses (i), (ii) or (iii) above. A Global Note may not be exchanged for another Note other than as provided in this Section 2.06(a); provided,
however, beneficial interests in a Global Note may be transferred and exchanged as provided in Sections 2.06(b) or 2.06(c) hereof. 

(b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global
Notes shall be effected through the Depositary in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable to those
set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other
following subparagraphs, as applicable: 
 (i) Transfer of Beneficial Interests in the Same Global Note. Beneficial
interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement
Legend; 

  
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provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Temporary Global Note may not be made to a U.S.
Person or for the account or benefit of a U.S. Person (other than the Initial Purchasers). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an
Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(i). 

(ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and
exchanges of beneficial interests that are not subject to Section 2.06(b)(i) hereof, the transferor of such beneficial interest must deliver to the Registrar either (A) both (1) a written order from a Participant or an Indirect
Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred
or exchanged and (2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with such increase or (B) both (1) a written order from a Participant or an
Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged and
(2) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note shall be registered to effect the transfer or exchange referred to in clause (B)(1) above; provided,
that in no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in a Regulation S Temporary Global Note prior to (y) the expiration of the Restricted Period and (z) the receipt by the Registrar of
any certificates required pursuant to Rule 903(b)(3)(ii)(B). Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the
Securities Act, the Trustee or the Custodian, at the direction of the Trustee, shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(g) hereof. 

(iii) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global
Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(ii) hereof and the Registrar receives the
following: 
 (A) if the transferee will take delivery in the form of a beneficial interest in a 144A Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; or 

(B) if the transferee will take delivery in the form of a beneficial interest in a Regulation S Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof. 

  
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 (iv) Transfer and Exchange of Beneficial Interests in a Restricted Global
Note for Beneficial Interests in an Unrestricted Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who
takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(ii) hereof and the Registrar receives the following: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate from such holder substantially in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

(B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(b)(iv), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 If any such transfer is effected pursuant to this
Section 2.06(b)(iv) at a time when an Unrestricted Global Note has not yet been issued, the Issuers shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more
Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to this Section 2.06(b)(iv). 

Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form
of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer or Exchange of Beneficial Interests for Definitive Notes. 

(i) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If any holder of a beneficial
interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then,
upon receipt by the Registrar of the following documentation: 
 (A) if the holder of such beneficial interest in a
Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder substantially in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

  
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 (B) if such beneficial interest is being transferred to a QIB in accordance
with Rule 144A, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such beneficial interest is being transferred to a Non-U.S. Person in an
offshore transaction in accordance with Rule 903 or Rule 904, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such beneficial interest is being transferred in reliance on an exemption from the registration requirements of the
Securities Act other than those listed in subclauses (B) through (D) above, a certificate substantially in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof;

 (F) if such beneficial interest is being transferred to the Company or any of its Subsidiaries, a certificate
substantially in the form of Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
 (G) if such
beneficial interest is being transferred pursuant to an effective registration statement under the Securities Act, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(c) thereof, 

the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(g)
hereof, and the Issuers shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the applicable principal amount. Any Definitive Note issued in exchange for a beneficial interest
in a Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through
instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall mail such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest
in a Restricted Global Note pursuant to this Section 2.06(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

(ii) Beneficial Interests in Regulation S Temporary Global Note to Definitive Notes. Notwithstanding Sections
2.06(c)(i)(A) and 2.06(c)(i)(C) hereof, a beneficial interest in the Regulation S Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to
(A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) of the Securities Act, except in the case of a transfer pursuant to an exemption from the
registration requirements of the Securities Act other than Rule 903 or Rule 904. 

  
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 (iii) Beneficial Interests in Restricted Global Notes to Unrestricted
Definitive Notes. A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form
of an Unrestricted Definitive Note only if the Registrar receives the following: 
 (A) if the holder of such beneficial
interest in a Restricted Global Note proposes to exchange such beneficial interest for an Unrestricted Definitive Note, a certificate from such holder substantially in the form of Exhibit C hereto, including the certifications in item (1)(b)
thereof; or 
 (B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial
interest to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder substantially in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(c)(iii), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 (iv) Beneficial Interests in Unrestricted
Global Notes to Unrestricted Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who
takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b)(ii) hereof, the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced
accordingly pursuant to Section 2.06(g) hereof, and the Issuers shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the applicable principal amount. Any Definitive Note
issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the
Registrar through instructions from or through the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in
exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall not bear the Private Placement Legend. 

  
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 (d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 

(i) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted
Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global
Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such Restricted Definitive
Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder substantially in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate substantially
in the form of Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such Restricted
Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate substantially in the form of Exhibit B hereto, including the
certifications in item (2) thereof; 
 (D) if such Restricted Definitive Note is being transferred pursuant to an
exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such Restricted Definitive Note is being transferred in reliance on an exemption from the registration requirements of
the Securities Act other than those listed in subclauses (B) through (D) above, a certificate substantially in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item
(3) thereof, if applicable; 
 (F) if such Restricted Definitive Note is being transferred to the Company or any of its
Subsidiaries, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(G) if such Restricted Definitive Note is being transferred pursuant to an effective registration statement under the
Securities Act, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(c) thereof, 

the Trustee shall cancel the Restricted Definitive Note and increase or cause to be increased the aggregate principal amount of, in the case of
clause (A) above, the applicable Restricted Global Note, in the case of clause (B) above, the applicable 144A Global Note, and in the case of clause (C) above, the applicable Regulation S Global Note. 

  
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 (ii) Restricted Definitive Notes to Beneficial Interests in Unrestricted
Global Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note only if the Registrar receives the following: 
 (A) if the Holder of such Definitive
Notes proposes to exchange such Notes for a beneficial interest in the Unrestricted Global Note, a certificate from such Holder substantially in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(B) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the
form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder substantially in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(d)(ii), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions of this
Section 2.06(d)(ii), the Trustee shall cancel the Restricted Definitive Note and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

(iii) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted
Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time.
Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. 

If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to subparagraphs (ii)(B), (ii)(D) or
(iii) above at a time when an Unrestricted Global Note has not yet been issued, the Issuers shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more
Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 

  
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 (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a
Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 2.06(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the
requesting Holder shall present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly
authorized in writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.06(e): 

(i) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted Definitive Note may be transferred to and
registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made to a QIB in accordance with Rule 144A, then the transferor must deliver a certificate
substantially in the form of Exhibit B hereto, including the certifications in item (1) thereof; 
 (B) if the
transfer will be made to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, then the transferor must deliver a certificate in the form of Exhibit B hereto, including
the certifications in item (2) thereof; or 
 (C) if the transfer will be made pursuant to any other exemption from the
registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if
applicable. 
 (ii) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may
be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if the Registrar receives the following: 

(A) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a
certificate from such Holder substantially in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

(B) if the Holder of such Restricted Definitive Notes proposes to transfer such Notes to a Person who shall take delivery
thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder substantially in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(e)(ii), if the Registrar so requests, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain
compliance with the Securities Act. 
 (iii) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder
of Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted
Definitive Notes pursuant to the instructions from the Holder thereof. 

  
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 (f) Legends. The following legends shall appear on the face of all Global Notes and
Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture: 

(i) Private Placement Legend. 

(A) Except as permitted by subparagraph (B) below, each Global Note and each Definitive Note (and all Notes issued in
exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 “THE SECURITY (OR ITS
PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD
OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER: (1) REPRESENTS THAT IT, AND ANY ACCOUNT FOR WHICH IT IS ACTING, (A) IS A “QUALIFIED
INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) OR (B) IS NOT A “U.S. PERSON” (WITHIN THE MEANING OF RULE 902 OF REGULATION S UNDER THE SECURITIES ACT), AND THAT IT EXERCISES SOLE INVESTMENT
DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT; AND (2) AGREES FOR THE BENEFIT OF THE ISSUERS THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE RESALE RESTRICTION TERMINATION
DATE (AS DEFINED IN THE NEXT PARAGRAPH), EXCEPT: (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF; OR (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT; OR (C) TO A PERSON REASONABLY BELIEVED TO
BE A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR (D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT; OR (E) PURSUANT TO AN EXEMPTION
FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE RESALE RESTRICTION TERMINATION DATE WILL BE THE DATE (1) THAT IS AT LEAST ONE YEAR
AFTER THE ORIGINAL ISSUE DATE HEREOF AND (2) ON WHICH THE ISSUERS INSTRUCT THE TRUSTEE THAT THIS LEGEND SHALL BE DEEMED REMOVED FROM THIS SECURITY, IN ACCORDANCE WITH THE PROCEDURES DESCRIBED IN THE INDENTURE RELATED TO THIS SECURITY. PRIOR TO
THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH 2(B) ABOVE, THE ISSUERS AND THE TRUSTEE 

  
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RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN
COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.” 

(B) Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraph (b)(iv), (c)(ii),
(c)(iii), (d)(ii), (d)(iii), (e)(ii) or (e)(iii) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement Legend. 

(ii) Global Note Legend. Each Global Note shall bear a legend in substantially the following form: 

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF
THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE REGISTRAR MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06(g) OF THE INDENTURE, (II) THIS GLOBAL NOTE
MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE REGISTRAR FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE
TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE
OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

  
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 (iii) Temporary Global Note Legend. Each Temporary Global Note shall
bear a legend in substantially the following form: 
 “THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO, OR
FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN
REGULATION S UNDER THE SECURITIES ACT.” 
 (g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial
interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or cancelled in whole and not in part, each such Global Note shall be returned to or retained and cancelled by
the Registrar in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial
interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Custodian or the
Depositary, at the direction of the Trustee, to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Custodian or the Depositary, at the direction of the Trustee, to reflect such increase. 

(h) General Provisions Relating to Transfers and Exchanges. 

(i) To permit registrations of transfers and exchanges, the Issuers shall execute and the Trustee shall authenticate Global
Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request. 

(ii) No service charge shall be made to a holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note
for any registration of transfer or exchange, but the Issuers may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar
governmental charge payable upon exchange or transfer pursuant to Sections 2.07, 2.10, 3.06, 3.09, 4.10, 4.14, and 9.04 hereof). 

(iii) Neither the Registrar nor the Issuers shall be required (A) to register the transfer of or exchange any Note
selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part, or (B) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business 15 days
before the day of any selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on the day of selection, or (C) to register the transfer of or to exchange a Note between a Record Date with respect to
such Note and the next succeeding Interest Payment Date with respect to such Note. 

  
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 (iv) All Global Notes and Definitive Notes issued upon any registration of
transfer or exchange of Global Notes or Definitive Notes shall be the valid obligations of the Issuers, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes surrendered upon such
registration of transfer or exchange. 
 (v) Prior to due presentment for the registration of a transfer of any Note, the
Trustee, any Agent and the Issuers may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of (and premium, if any) and interest on such Notes and for
all other purposes, and none of the Trustee, any Agent or the Issuers shall be affected by notice to the contrary. 
 (vi)
Upon surrender for registration of transfer of any Note at the office or agency of the Issuers designated pursuant to Section 4.02 hereof, the Issuers shall execute, and the Trustee shall authenticate and mail, in the name of the designated
transferee or transferees, one or more replacement Notes of any authorized denomination or denominations of a like aggregate principal amount. 

(vii) At the option of the Holder, Notes may be exchanged for other Notes of any authorized denomination or denominations of a
like aggregate principal amount upon surrender of the Notes to be exchanged at such office or agency. Whenever any Global Notes or Definitive Notes are so surrendered for exchange, the Issuers shall execute, and the Trustee shall authenticate and
mail, the replacement Global Notes and Definitive Notes which the Holder making the exchange is entitled to in accordance with the provisions of Section 2.02 hereof. 

(viii) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this
Section 2.06 to effect a registration of transfer or exchange may be submitted by electronic transmission. 
 (ix)
Neither the Trustee nor any agent of the Trustee shall have any responsibility for any actions taken or not taken by the Depositary. The Trustee may treat and consider the person in whose name each Note is registered in the registration books as the
holder and absolute owner of such Note for all purposes whatsoever (or may list out various purposes: the purpose of payment of principal, premium, if any, and interest with respect to such Note, for the purpose of giving notices of redemption or
tender and other matters with respect to such Note, for the purpose of registering transfers with respect to such Note, and for all purposes whatsoever). 

  
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 (x) The Trustee shall have no obligation or duty to monitor, determine or
inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among beneficial owners of interests in any
Global Notes) 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 Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements of this Indenture. 
 Section 2.07 Replacement
Notes. If any mutilated Note is surrendered to the Trustee, the Registrar or the Issuers and the Trustee receives evidence to its satisfaction of the ownership and destruction, loss or theft of any Note, the Issuers shall issue and the Trustee,
upon receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s requirements are met. An indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Issuers to protect
the Issuers, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Issuers and the Trustee may charge the Holder for their expenses in replacing a Note. 

Every replacement Note is a contractual obligation of the Issuers and shall be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued hereunder. 
 Section 2.08 Outstanding Notes. The Notes
outstanding at any time are all the Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the
provisions hereof and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Note does not cease to be outstanding because the Issuers or a Guarantor or an Affiliate of the Issuers or a
Guarantor holds the Note. 
 If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee
receives proof satisfactory to it that the replaced Note is held by a protected purchaser (as defined in Section 8-303 of the Uniform Commercial Code). 

If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases
to accrue. 
 If the Paying Agent (other than the Issuers or a Guarantor or an Affiliate of the Issuers or a Guarantor) holds, on a
Redemption Date or maturity date, money sufficient to pay Notes (or portions thereof) payable on that date, then on and after that date such Notes (or portions thereof) shall be deemed to be no longer outstanding and shall cease to accrue interest.

 Section 2.09 Treasury Notes. In determining whether the Holders of the required principal amount of
Notes have concurred in any direction, waiver or consent, Notes owned by either of the Issuers, any Guarantor or by any Affiliate of either of the Issuers or any Guarantor, shall be considered as though not outstanding, except that for the purposes
of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned which have been
pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not either of
the Issuers or a Guarantor or any Affiliate of either of the Issuers or a Guarantor. 

  
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 Section 2.10 Temporary Notes. Until certificates
representing Notes are ready for delivery, the Issuers may prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of certificated Notes but may have
variations that the Issuers considers appropriate for temporary Notes and as shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Issuers shall prepare and the Trustee shall authenticate Definitive Notes in exchange for
temporary Notes. 
 Holders and beneficial holders, as the case may be, of temporary Notes shall be entitled to all of the benefits accorded
to Holders, or beneficial holders, respectively, of Notes under this Indenture. After the preparation of Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at the office or agency
of the Issuers designated for such purpose pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Issuer shall execute and the Trustee shall authenticate and deliver in
exchange therefor a like principal amount of Definitive Notes of authorized denominations. Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Indenture as Definitive Notes. 

Section 2.11 Cancellation. The Issuers at any time may deliver Notes to the Trustee for cancellation. The
Registrar and Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or the Paying Agent and no one else shall cancel
all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of such cancelled Notes in its customary manner (subject to the record retention requirement of the Exchange Act). Certification of
the disposal of all cancelled Notes shall be delivered to the Issuers upon their request therefor. The Issuers may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 

Section 2.12 Defaulted Interest. If the Issuers default in a payment of interest on the Notes, they shall pay
the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, in each case at the rate provided in the Notes and in Section 4.01 hereof. The Issuers may pay the defaulted interest to the
Persons who are Holders on a subsequent special record date. The Issuers shall promptly notify the Trustee and Paying Agent in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at
the same time the Issuers shall deposit with the Paying Agent an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Paying Agent for such deposit
prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as provided in this Section 2.12. The Issuers shall fix or cause to be fixed any such
special record date and payment date; provided that no such special record date shall be less than 10 days prior to the related payment date for such defaulted interest. The Issuers shall promptly notify the Trustee and Paying Agent in
writing of any such special record date. At least 15 days before any such special record date, the Issuers (or, upon the written request of the Issuers, the Trustee in the name and at the expense of the Issuers) shall send or cause to be sent to
each Holder, with a copy to the Trustee, a notice at his or her address as it appears in the Note Register that states the special record date, the related payment date and the amount of such interest to be paid. 

  
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 Subject to the foregoing provisions of this Section 2.12 and for greater certainty,
each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

The Trustee will have no duty whatsoever to determine whether any defaulted interest is payable or the amount thereof 

Section 2.13 CUSIP and ISIN Numbers. In issuing the Notes, the Issuers may use CUSIP and ISIN numbers (in
each case, if then generally in use) and, if so, the Trustee shall use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness
of such numbers either as printed on the Notes or as contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in
or omission of such numbers. The Issuers will as promptly as practicable notify the Trustee in writing of any change in the CUSIP and ISIN numbers. 

ARTICLE 3 
 REDEMPTION 

Section 3.01 Notices to Trustee. If the Issuers elect to redeem Notes, as the case may
be, pursuant to Section 3.07 hereof, they shall furnish to the Trustee and the Paying Agent, at least five Business Days before notice of redemption is required to be mailed or cause to be mailed to Holders pursuant to Section 3.03 hereof
(unless the Trustee or the relevant Paying Agent (as the case may be) consents to a shorter period in their reasonable discretion), an Officer’s Certificate setting forth (i) the paragraph or subparagraph of such Note and/or Section of
this Indenture pursuant to which the redemption shall occur, (ii) the date of redemption (the “Redemption Date”), (iii) the principal amount of the Notes to be redeemed and (iv) the redemption price. 

Section 3.02 Selection of Notes to Be Redeemed. If the Issuers are redeeming less than all of the Notes
issued under this Indenture at any time, the Issuers shall deliver to the Trustee, at least three Business Days prior to the sending of the notice of redemption (unless the Trustee agrees to a shorter period), an Officer’s Certificate
requesting the Trustee select the Notes to be redeemed and the Trustee will select the Notes to be redeemed (a) if the Notes are listed on an exchange, in compliance with the requirements of such exchange or (b) on a pro rata basis or by
lot (or in the case of Global Notes, by such method as DTC may require). The Trustee shall not be liable for selections made in accordance with this paragraph (or if the Note is a Global Note, any adjustment shall be made to the schedule attached
thereto). In the event of partial redemption by lot, the particular Notes to be redeemed will be selected, unless otherwise provided herein, not less than 15 nor more than 60 days prior to the Redemption Date by the Trustee from the outstanding
Notes not previously called for redemption. 

  
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 The Trustee shall promptly notify the Issuers in writing of the Notes selected for
redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. No Notes of $2,000 or less can be redeemed in part, except that if all of the Notes of a Holder are to be redeemed, the entire
outstanding amount of Notes held by such Holder shall be redeemed. Except as provided in the immediately preceding sentence, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for
redemption. 
 Section 3.03 Notice of Redemption. Subject to Section 3.09 hereof, notice of redemption
shall be delivered by the Issuers electronically or by first-class mail, postage prepaid, with a copy to the Trustee, at least 15 but not more than 60 days before the Redemption Date, to each Holder of Notes at the address of such Holder appearing
in the Note Register, or otherwise in accordance with the procedures of DTC, except that notices of redemption may be delivered more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes
pursuant to Article 8 of this Indenture or a satisfaction and discharge of this Indenture pursuant to Article 11 of this Indenture. 
 The
notice shall identify the Notes to be redeemed (including the name of the Notes, series, issue date, interest rate, maturity date and certificate numbers) and shall state: 

(a) the Redemption Date; 
 (b) the
redemption price; 
 (c) if any Note is to be redeemed in part only, the portion of the principal amount of such Note that has been or is to
be redeemed, and that with respect to Notes represented by Definitive Notes, after the Redemption Date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion thereof will be issued representing the same
indebtedness to the extent not redeemed and will be issued in the name of the Holder thereof upon cancellation of the original Note; 
 (d)
the name and address of the Paying Agent; 
 (e) that Notes called for redemption must be surrendered to the Paying Agent to collect the
redemption price; 
 (f) that, unless the Issuers default in making such redemption payment, interest on Notes called for redemption shall
cease to accrue on and after the Redemption Date; 
 (g) the paragraph or subparagraph of the Notes and/or Section of this Indenture pursuant
to which the Notes called for redemption are being redeemed; 
 (h) the CUSIP and ISIN numbers, if any, printed on the Notes being redeemed
and that no representation is made as to the correctness or accuracy of any such CUSIP and ISIN number that is listed in such notice or printed on the Notes; and 

(i) any condition to such redemption. 

  
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 At the Issuers’ request, the Trustee shall give the notice of redemption in the
Issuers’ name and at its expense; provided that the Issuers shall have delivered to the Trustee, at least three Business Days before notice of redemption is required to be mailed or caused to be mailed to Holders pursuant to this
Section 3.03 (unless a shorter notice shall be agreed to by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding
paragraph. 
 Section 3.04 Effect of Notice of Redemption. Once notice of redemption is delivered in
accordance with Section 3.03 hereof, Notes called for redemption become irrevocably due and payable on the Redemption Date at the redemption price (except as provided for in Section 3.07(d) hereof). The notice, if delivered in a manner
herein provided, shall be conclusively presumed to have been given, whether or not the Holder receives such notice. In any case, failure to deliver such notice or any defect in the notice to the Holder of any Note designated for redemption in whole
or in part shall not affect the validity of the proceedings for the redemption of any other Note. Subject to Section 3.05 hereof, on and after the Redemption Date, interest shall cease to accrue on Notes or portions thereof called for
redemption. 
 Section 3.05 Deposit of Redemption Price. 

(a) Prior to 11:00 a.m., Eastern Time, on the Redemption Date, the Issuers shall deposit with the Trustee or with the Paying Agent money
sufficient to pay the redemption price of and accrued and unpaid interest on all Notes to be redeemed on that Redemption Date. The Trustee or the Paying Agent shall promptly return to the Issuers any money deposited with the Trustee or the Paying
Agent by the Issuers in excess of the amounts necessary to pay the redemption price of and accrued and unpaid interest on all Notes to be redeemed. 

(b) If the Issuers comply with the provisions of the preceding paragraph (a), on and after the Redemption Date, interest shall cease to accrue
on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to, but not including, the Redemption Date shall
be paid to the Person in whose name such Note was registered at the close of business on such Record Date. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure of the Issuers to comply with the
preceding paragraph, interest shall be paid on the unpaid principal, from the Redemption Date until such principal is paid, and to the extent lawful on any interest accrued to the Redemption Date not paid on such unpaid principal, in each case at
the rate provided in the Notes and in Section 4.01 hereof. 
 Section 3.06 Notes Redeemed in Part.
Upon surrender of a Note that is redeemed in part, the Issuers shall issue and the Trustee shall authenticate for the Holder at the expense of the Issuers a new Note equal in principal amount to the unredeemed portion of the Note surrendered
representing the same indebtedness to the extent not redeemed; provided that each new Note will be in a minimum principal amount of $2,000 and any integral multiple of $1,000 in excess thereof. It is understood that, notwithstanding anything to the
contrary in this Indenture, only an Authentication Order and not an Opinion of Counsel or Officer’s Certificate is required for the Trustee to authenticate such new Note. 

  
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 Section 3.07 Optional Redemption. 

(a) At any time prior to December 15, 2022, the Issuers may, at their option on one or more occasions, redeem all or a part of the
Notes, upon notice in accordance with Sections 3.02 and 3.03 hereof, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of the Redemption Date, plus accrued and unpaid
interest, if any, to, but not including, the Redemption Date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. 

(b) From and after December 15, 2022, the Issuers may, at their option on one or more occasions, redeem the Notes, in whole or in
part, upon notice in accordance with Sections 3.02 and 3.03 hereof, at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not
including, the Redemption Date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date, if redeemed during the twelve-month period beginning on December 15 of each of
the years indicated below: 
  

					
	 Year
	  	Redemption price	 
	 2022
	  	 	102.125	% 
	 2023
	  	 	101.063	% 
	 2024
	  	 	100.000	% 

 (c) Before December 15, 2022, the Issuers may, at their option, on one or more occasions, redeem,
upon notice in accordance with Sections 3.02 and 3.03 hereof, up to 40% of the aggregate principal amount of Notes issued under this Indenture at a redemption price equal to 104.250% of the aggregate principal amount thereof, plus accrued and
unpaid interest, if any, to, but not including, the Redemption Date, subject to the right of Holders of Notes of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date, with funds in an aggregate amount not
exceeding the net cash proceeds received by the Company from one or more Equity Offerings; provided that (i) at least 50% of the sum of the aggregate principal amount of Notes originally issued under this Indenture on the Issue Date and
any Additional Notes issued under this Indenture after the Issue Date remains outstanding immediately after the occurrence of each such redemption (unless all such Notes are otherwise repurchased or redeemed substantially concurrently with such
redemption); and (ii) each such redemption occurs within 180 days of the date of closing of each such Equity Offering. 
 (d) Any notice
of any redemption may be given prior to the redemption thereof, and any such redemption or notice may, at the Issuers’ option and discretion, be subject to one or more conditions precedent, including, without limitation, the consummation of an
incurrence or issuance of debt or equity or a Change of Control or other corporate transaction, and, at the Issuers’ option and discretion, the Redemption Date may be delayed until such time as any or all of such conditions have been satisfied
or waived, or the Redemption Date may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied or waived by the Redemption Date, or by the Redemption Date as so delayed. The Issuers may
provide in such notice that payment of the redemption price and performance of the Issuers’ obligations with respect to such redemption may be performed by another Person. The 

  
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Issuers shall provide written notice of the satisfaction or waiver of such conditions, the delay of such Redemption Date or the rescission of such notice of redemption to the Trustee prior to the
close of business one Business Day prior to the Redemption Date, and the Trustee shall provide such notice to each holder in the same manner in which the notice of redemption was given. Upon receipt of such notice of the delay of such Redemption
Date or the rescission of such notice of redemption, such Redemption Date shall be automatically delayed or such notice of redemption shall be automatically rescinded, as applicable, and the redemption of the Notes shall be automatically delayed or
rescinded and cancelled, as applicable, as provided in such notice. 
 (e) In the event that Holders of not less than 90% of the aggregate
principal amount of the outstanding Notes validly tender and do not withdraw such Notes in a Change of Control Offer, Asset Sale Offer or other tender offer and the Issuers (or a third party making the offer, as applicable) purchase all of the Notes
validly tendered and not withdrawn by such Holders, the Issuers or third party offeror, as applicable, will have the right, to redeem (in the case of the Issuers) or purchase (in the case of a third party offeror), upon notice in accordance with
Sections 3.02 and 3.03 hereof, all of the Notes that remain outstanding following such purchase at a redemption price or purchase price, as the case may be, equal to the price paid to each other Holder in such offer (which may be less than par)
plus, to the extent not included in such price, accrued and unpaid interest on the Notes that remain outstanding, to, but not including, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest
due on an Interest Payment Date that is on or prior to the Redemption Date). 
 (f) Except pursuant to any of clauses (a) through (c) of
this Section 3.07, the Notes will not be redeemable at the Issuers’ option prior to December 15, 2022. 
 (g) Any
redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof. 

Section 3.08 Mandatory Redemption. The Issuers will not be required to make any mandatory redemption or
sinking fund payments with respect to the Notes. 
 Section 3.09 Offers to Repurchase by Application of Excess
Proceeds. 
 (a) In the event that, pursuant to Section 4.10 hereof, the Issuers shall be required to commence an Asset Sale Offer,
it shall follow the procedures specified below. 
 (b) The Asset Sale Offer shall remain open for a period of 20 Business Days following its
commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase
Date”), the Issuers shall apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes and, if required, Pari Passu Indebtedness (on a pro rata basis, if applicable) or, if less than the Offer Amount
has been tendered, all Notes and Pari Passu Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. 

(c) If the Purchase Date is on or after a Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest, up
to, but not including, the Purchase Date, shall be paid to the Person in whose name a Note is registered at the close of business on such Record Date, and no additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale
Offer. 

  
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 (d) Subject to the alternative delivery procedures specified in the final paragraph of
Section 3.03, upon the commencement of an Asset Sale Offer, the Issuers shall deliver electronically or mail, by first-class mail, postage prepaid, a notice to each of the Holders, with a copy to the Trustee, at his or her address as it appears
in the Note Register. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders and holders of such Pari Passu
Indebtedness. The notice, which shall govern the terms of the Asset Sale Offer, shall state: 
 (i) that the Asset Sale Offer
is being made pursuant to this Section 3.09 and Section 4.10 hereof and the length of time the Asset Sale Offer shall remain open; 

(ii) the Offer Amount, the purchase price and the Purchase Date; 

(iii) that any Note not tendered or accepted for payment shall continue to accrue interest; 

(iv) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer
shall cease to accrue interest after the Purchase Date; 
 (v) that any Holder electing to have less than all of the
aggregate principal amount of its Notes purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in an amount not less than $2,000; 

(vi) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note,
with the form entitled “Option of Holder to Elect Purchase” attached to the Note completed, or transfer by book-entry transfer, to the Issuers, DTC, if appointed by the Issuers, or a Paying Agent at the address specified in the notice at
least two Business Days before the Purchase Date; 
 (vii) that Holders shall be entitled to withdraw their election if the
Issuers, DTC or the Paying Agent, as the case may be, receives, not later than the close of business on the expiration date of the Offer Period, a facsimile or electronic transmission or letter setting forth the name of the Holder, the principal
amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 

(viii) that, if the aggregate principal amount of Notes or Pari Passu Indebtedness surrendered by the holders thereof exceeds
the Offer Amount, the Registrar shall select the Notes and the Company shall select such Pari Passu Indebtedness to be purchased on a pro rata basis based on the accreted value or principal amount of the Notes or such Pari Passu Indebtedness
tendered (with such adjustments as may be deemed appropriate by the Registrar so that only Notes in an amount not less than $2,000 are purchased); provided that the Registrar shall not be liable for any selection made in accordance with this
clause (viii); and 

  
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 (ix) that Holders whose Notes were purchased only in part shall be issued
new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer) representing the same indebtedness to the extent not repurchased. 

(e) On or before the Purchase Date, the Issuers shall, to the extent lawful, (1) accept for payment, on a pro rata basis as described in
Section 3.09(d)(viii) hereof, the Offer Amount of Notes or portions thereof validly tendered pursuant to the Asset Sale Offer, or if less than the Offer Amount has been tendered, all Notes tendered and (2) deliver or cause to be delivered
to the Trustee the Notes properly accepted, together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions thereof so tendered. 

(f) The Issuers, DTC or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date)
mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes properly tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon receipt of
an Authentication Order, shall authenticate and mail or deliver (or cause to be transferred by book-entry) such new Note to such Holder (it being understood that, notwithstanding anything in this Indenture to the contrary, no Opinion of Counsel or
Officer’s Certificate is required for the Trustee to authenticate and mail or deliver such new Note) in a principal amount equal to any unpurchased portion of the Note surrendered representing the same indebtedness to the extent not
repurchased. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on or as soon as practicable after the Purchase Date. 

(g) Prior to 11:00 a.m., Eastern Time, on the Purchase Date, the Issuers shall deposit with the Trustee or with the Paying Agent money
sufficient to pay the purchase price of and accrued and unpaid interest on all Notes to be purchased on that Purchase Date. The Trustee or the Paying Agent shall promptly return to the Issuers any money deposited with the Trustee or the Paying Agent
by the Issuers in excess of the amounts necessary to pay the purchase price of and accrued and unpaid interest on all Notes to be redeemed. 

Other than as specifically provided in this Section 3.09 or Section 4.10 hereof, any purchase pursuant to this Section 3.09
shall be made pursuant to the applicable provisions of Sections 3.01 through 3.06 hereof, and references therein to “redeem,” “redemption” and similar words shall be deemed to refer to “purchase,” “repurchase”
and similar words, as applicable. 
 ARTICLE 4 

COVENANTS 

Section 4.01 Payment of Notes. The Issuers shall pay or cause to be paid the principal of, premium, if any,
and interest on the Notes on the dates and in the manner provided in the Notes. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Issuers or a Guarantor or an Affiliate of the
Issuer, holds as of 

  
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11:00 a.m., Eastern Time, on the due date money deposited by the Issuers in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then
due. The Issuers shall on or before 11:00 am, Eastern Time, on the second Business Day prior to the day on which the Paying Agent is to receive payment, procure that the bank effecting payment for it confirms by email, fax or tested SWIFT MT100
message to the Paying Agent the payment instructions relating to such payment. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place of payment on the next succeeding day that is not a Legal Holiday, and no
interest shall accrue on such payment for the intervening period. 
 The Issuers shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the rate equal to the then applicable interest rate on the Notes to the extent lawful; the Issuers shall pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) from time to time on demand at the same rate to the extent lawful. 

Section 4.02 Maintenance of Office or Agency. The Issuers shall maintain the offices or agencies (which may
be an office of the Trustee or an Affiliate of the Trustee, Registrar or co-registrar) required under Section 2.03 hereof where Notes may be surrendered for registration of transfer or for exchange or
presented for payment and where notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be served. The Issuers shall give prompt written notice to the Trustee of the location, and any change in the location, of such
office or agency. If at any time the Issuers shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office, to the extent that it is capable. 
 The Issuers may also from time to time designate one or more other offices or
agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided that no such designation or rescission shall in any manner relieve the Issuers of their
obligation to maintain such offices or agencies as required by Section 2.03 hereof for such purposes. The Issuers shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any
such other office or agency. 
 Section 4.03 Reports and Other Information. 

(a) Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or
otherwise report on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated by the SEC, the Company will file with the SEC (and make available to the Trustee and Holders
of the Notes (without exhibits), without cost to any Holder, within 15 days after it files them with the SEC) from and after the Issue Date, 

  
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 (i) within 90 days after the end of each fiscal year, annual reports on Form
10-K, or any successor or comparable form, containing the information required to be contained therein, or required in such successor or comparable form; 

(ii) within 45 days after the end of each of the first three fiscal quarters of each fiscal year, reports on Form 10-Q containing all quarterly information that would be required to be contained in Form 10-Q, or any successor or comparable form; and 

(iii) promptly from time to time after the occurrence of an event required to be therein reported, such other reports on Form 8-K, or any successor or comparable form; 
 in each case, in a manner that complies in all material respects with the
requirements specified in such form; provided that the Company shall not be so obligated to file such reports with the SEC if the SEC does not permit such filing. In addition, to the extent not satisfied by the foregoing, for so long as any
Notes are outstanding, the Company will furnish to Holders and to securities analysts, broker-dealers and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 

(b) Notwithstanding the foregoing, the Company shall not be required to comply with Item 3-10 of
Regulation S-X of the Securities Act. 
 (c) Notwithstanding anything herein to the contrary, the
Company will not be deemed to have failed to comply with any of its obligations under this Section 4.03 for purposes of Section 6.01(c) hereof until 90 days after the date any report is due under this Section 4.03. 

(d) Any and all Defaults or Events of Default arising from a failure to furnish in a timely manner any report required by this
Section 4.03 shall be deemed cured (and the Company shall be deemed to be in compliance with this Section 4.03) upon filing or posting such report as contemplated by this Section 4.03 (but without regard to the date on which such
report is so filed or posted); provided that such cure shall not otherwise affect the rights of the Holders described under Article 6 hereof if the principal of, premium, if any, on, and interest on, the Notes have been accelerated in
accordance with the terms of this Indenture and such acceleration has not been rescinded or cancelled prior to such cure. 
 (e) The Company
will be deemed to have furnished the reports, documents and information to the Trustee and the Holders of Notes, and to the extent herein provided, to prospective investors, as required by this Section 4.03 if it has filed such reports with the
SEC using the Electronic Data Gathering Analysis and Retrieval system (“EDGAR”) (or any successor system) or if such system is not available to the Company, if the Company has filed such reports, documents and information on
the Company website, and in each such case, such reports are publicly available thereon; provided, however, that the Trustee shall have no obligation whatsoever to determine whether such reports, documents and information are available
on EDGAR (or any successor system) or any such website, to examine such reports, documents or information to ensure compliance with the provisions of this Indenture or to ascertain the correctness or otherwise of the information or the statements
contained therein. Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the Trustee’s receipt of such shall not constitute actual or constructive knowledge or notice of any information
contained therein or determinable from information contained therein, including the Issuers’ or any other person’s compliance with any of the covenants hereunder or the Notes (as to which the Trustee is entitled to rely exclusively on
Officer’s Certificates). 

  
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 Section 4.04 Compliance Certificate. 

(a) The Issuers shall deliver to the Trustee, within 120 days after the end of each fiscal year ending after the Issue Date, an Officer’s
Certificate stating that a review of the activities of the Company and its Restricted Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether the Company and its
Restricted Subsidiaries have kept, observed, performed and fulfilled their obligations under this Indenture, and further stating, as to such Officer signing such certificate, that to the best of his or her knowledge the Company and its Restricted
Subsidiaries have kept, observed, performed and fulfilled each and every condition and covenant contained in this Indenture during such fiscal year and are not in default in the performance or observance of any of the terms, provisions, covenants
and conditions of this Indenture (or, if a Default shall have occurred, describing all such Defaults of which he or she may have knowledge and what action the Issuers or the Company are taking or propose to take with respect thereto). 

(b) When any Default has occurred and is continuing under this Indenture, or if the Trustee or the holder of any other evidence of Indebtedness
of the Company or any Subsidiary gives any notice or takes any other action with respect to a claimed Default, the Issuers shall promptly (which shall be no more than five Business Days after becoming aware of such Default) deliver to the Trustee by
registered or certified mail or by facsimile transmission an Officer’s Certificate specifying such event and what action the Issuers or the Company propose to take with respect thereto. 

Section 4.05 Taxes. The Company shall pay or discharge, and shall cause the Issuers and each of the other
Restricted Subsidiaries to pay or discharge, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate negotiations or proceedings or where the failure to effect such
payment or discharge is not adverse in any material respect to the Holders. 
 Section 4.06 Stay, Extension and
Usury Laws. The Company, the Issuers and each of the Subsidiary Guarantors covenant (to the extent that they may lawfully do so) that they shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or
advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture and the Notes; and the Issuers and each of the Guarantors (to the extent that
they may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and (to the extent that they may lawfully do so) covenant that they shall not, by resort to any such law, hinder, delay or impede the execution of any power
herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law has been enacted. 

  
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 Section 4.07 Limitation on Restricted Payments. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(i) 

(A) declare or pay any dividend or make any payment or distribution on account of the Company’s, or any of its Restricted
Subsidiaries’ Equity Interests, including any dividend or distribution payable in connection with any merger, amalgamation, consolidation or other business combination other than: 

(1) dividends or distributions by the Company payable solely in Equity Interests (other than Disqualified Stock) of the
Company; or 
 (2) dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or
distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary other than a Wholly-Owned Subsidiary, the Company or a Restricted Subsidiary receives at least its pro rata share of such dividend or
distribution in accordance with its Equity Interests in such class or series of securities; 
 (B) purchase, redeem, defease
or otherwise acquire or retire for value any Equity Interests of the Company or any direct or indirect parent company of the Company, including in connection with any merger, amalgamation, consolidation or other business combination; 

(C) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case, prior
to any scheduled repayment, sinking fund payment or maturity, any Subordinated Indebtedness, other than: 
 (1) Indebtedness
permitted under clauses (vii) and (viii) of Section 4.09(b) hereof; or 
 (2) the purchase, repurchase or other
acquisition of Subordinated Indebtedness purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase or acquisition; or 

(D) make any Restricted Investment 

(all such payments and other actions set forth in clauses (A) through (D) above being collectively referred to as “Restricted
Payments”), unless, at the time of such Restricted Payment: 

  
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 (ii) 

(A) no Default shall have occurred and be continuing or would occur as a consequence thereof; 

(B) immediately after giving effect to such transaction on a pro forma basis, the Company could incur $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.09(a) hereof (the “Fixed Charge Coverage Test”); and 

(C) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company and its
Restricted Subsidiaries after March 24, 2017 (including Restricted Payments permitted by Sections 4.07(b)(i), 4.07(b)(ii) (with respect to the payment of dividends on Refunding Capital Stock (as defined in Section 4.07(b)(ii))
pursuant to clause (B) thereof only), 4.07(b)(vi)(C), 4.07(b)(xii) and 4.07(b)(xiv) hereof, but excluding all other Restricted Payments permitted by Section 4.07(b) hereof), is less than the sum of (without duplication): 

(1) 50% of the Consolidated Net Income of the Company for the period (taken as one accounting period and including the
predecessor) beginning on January 1, 2011 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment, or, in the case such Consolidated
Net Income for such period is a deficit, minus 100% of such deficit (which amount shall not be less than zero); plus 

(2) 100% of the aggregate net cash proceeds and the fair market value of marketable securities or other property received by
the Company since immediately after March 24, 2017 (other than net cash proceeds to the extent such net cash proceeds have been used to incur Indebtedness or issue Disqualified Stock or Preferred Stock pursuant to
Section 4.09(b)(xii)(A) hereof) from the issue or sale of: 
 (i)(A) Equity Interests of the Company, including Treasury Capital Stock
(as defined in Section 4.07(b)(ii)), but excluding cash proceeds and the fair market value of marketable securities or other property received from the sale of: 

(x) Equity Interests to any future, present or former employees, directors, officers, managers, distributors or consultants (or their
respective Controlled Investment Affiliates or Immediate Family Members) of the Company, any direct or indirect parent company of the Company or any of the Company’s Subsidiaries after March 24, 2017 to the extent such amounts have
been applied to Restricted Payments made in accordance with Section 4.07(b)(iv) hereof; or 

  
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 (y) Designated Preferred Stock; and 

(B) to the extent such net cash proceeds are actually contributed to the Company, Equity Interests of any direct or indirect parent company of
the Company (excluding contributions of the proceeds from the sale of Designated Preferred Stock of such company or contributions to the extent such amounts have been applied to Restricted Payments made in accordance with Section 4.07(b)(iv)
hereof); or 
 (ii) debt securities of the Company that have been converted into or exchanged for such Equity Interests of the Company;
provided that this clause (ii) shall not include the proceeds from: (W) Refunding Capital Stock; (X) Equity Interests or convertible debt securities of the Company sold to a Restricted Subsidiary; (Y) Disqualified Stock or
debt securities that have been converted into Disqualified Stock; or (Z) Excluded Contributions; plus 
 (3)
100% of the aggregate amount of cash and the fair market value of marketable securities or other property contributed to the capital of the Company following March 24, 2017 (other than net cash proceeds to the extent such net cash proceeds have
been used to incur Indebtedness or issue Disqualified Stock or Preferred Stock pursuant to Section 4.09(b)(xii)(A) hereof) (other than by a Restricted Subsidiary and other than any Excluded Contributions); plus 

(4) 100% of the aggregate amount received in cash and the fair market value of marketable securities or other property
received by means of: 
 (i) the sale or other disposition (other than to the Company or a Restricted Subsidiary) of Restricted Investments
made by the Company or its Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments from the Company or its Restricted Subsidiaries (other than by the Company or a Restricted Subsidiary) and repayments of loans or
advances, which constitute Restricted Investments made by the Company or its Restricted Subsidiaries, in each case after March 24, 2017; or 

(ii) the sale (other than to the Company or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary or a distribution from an
Unrestricted Subsidiary (other than in each case to the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted Subsidiary pursuant to Section 4.07(b)(vii) or 4.07(b)(x) hereof or to the extent such
Investment constituted a Permitted Investment) or a dividend from an Unrestricted Subsidiary after March 24, 2017; plus 

  
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 (5) in the case of the redesignation of an Unrestricted Subsidiary as a
Restricted Subsidiary after March 24, 2017, the fair market value of the Investment in such Unrestricted Subsidiary (which, if the fair market value of such Investment shall exceed $15.0 million, shall be determined by the board of
directors of the Company whose resolution with respect thereto will be delivered to the Trustee) at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary, other than to the extent the Investment in such
Unrestricted Subsidiary was made by the Company or a Restricted Subsidiary pursuant to Section 4.07(b)(vii) or 4.07(b)(x) hereof or to the extent such Investment constituted a Permitted Investment. 

(b) The provisions of Section 4.07(a) hereof will not prohibit: 

(i) the payment of any dividend or other distribution or the consummation of any irrevocable redemption within 60 days after
the date of declaration of the dividend or other distribution or giving of the redemption notice, as the case may be, if at the date of declaration or notice, the dividend or other distribution or redemption payment would have complied with the
provisions of this Indenture; 
 (ii) (A) the redemption, repurchase, retirement or other acquisition of any Equity
Interests (“Treasury Capital Stock”) or Subordinated Indebtedness of the Company or any Equity Interests of any direct or indirect parent company of the Company, in exchange for, or out of the proceeds of the substantially
concurrent sale (other than to a Restricted Subsidiary) of, Equity Interests, other than any substantially concurrent sale that has been applied pursuant to Section 4.07(a)(ii)(C)(2) hereof, of the Company or any direct or indirect parent
company of the Company to the extent contributed to the Company (in each case, other than any Disqualified Stock) (“Refunding Capital Stock”) and (B) if immediately prior to the retirement of Treasury Capital Stock, the
declaration and payment of dividend thereon was permitted under Section 4.07(b)(vi) hereof, the declaration and payment of dividend on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of which were used to redeem,
repurchase, retire or otherwise acquire any Equity Interests of any direct or indirect parent company of the Company) in an aggregate amount per year no greater than the aggregate amount of dividends per annum that were declarable and payable on
such Treasury Capital Stock immediately prior to such retirement; 
 (iii) the defeasance, redemption, repurchase, exchange
or other acquisition or retirement of (1) Subordinated Indebtedness of the Issuers, the Company, or a Subsidiary Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Issuers,
the Company, or a Subsidiary Guarantor or (2) Disqualified Stock of the Issuers, the Company, or a Subsidiary Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, Disqualified Stock of the Issuers, the
Company, or a Subsidiary Guarantor, that, in each case, is incurred in compliance with Section 4.09 hereof so long as: 

  
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 (A) the principal amount (or accreted value, if applicable) of such new
Indebtedness or the liquidation preference of such new Disqualified Stock does not exceed the principal amount of (or accreted value, if applicable), plus any accrued and unpaid interest on, the Subordinated Indebtedness or the liquidation
preference of, plus any accrued and unpaid dividends on, the Disqualified Stock being so defeased, redeemed, repurchased, exchanged, acquired or retired for value, plus the amount of any premium required to be paid under the terms of
the instrument governing the Subordinated Indebtedness or Disqualified Stock being so defeased, redeemed, repurchased, exchanged, acquired or retired, defeasance costs and any fees and expenses incurred in connection with the issuance of such new
Indebtedness or Disqualified Stock; 
 (B) such new Indebtedness is subordinated to the Notes or the applicable Guarantee at
least to the same extent as such Subordinated Indebtedness so defeased, redeemed, repurchased, exchanged, acquired or retired; 

(C) such new Indebtedness or Disqualified Stock has a final scheduled maturity date equal to or later than the final scheduled
maturity date of the Subordinated Indebtedness or Disqualified Stock being so defeased, redeemed, repurchased, exchanged, acquired or retired; and 

(D) such new Indebtedness or Disqualified Stock has a Weighted Average Life to Maturity equal to or greater than the remaining
Weighted Average Life to Maturity of the Subordinated Indebtedness or Disqualified Stock being so defeased, redeemed, repurchased, exchanged, acquired or retired; 

(iv) a Restricted Payment to pay for the repurchase, retirement or other acquisition or retirement for value of Equity
Interests (other than Disqualified Stock) of the Company or any direct or indirect parent company of the Company held by any future, present or former employee, director, officer, manager or consultant (or their respective Controlled Investment
Affiliates or Immediate Family Members) of the Company, any of its Subsidiaries or any of its direct or indirect parent companies pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or
agreement, or any stock subscription or shareholder agreement (including any principal and interest payable on any notes issued by the Company or any direct or indirect parent company of the Company in connection with such repurchase, retirement or
other acquisition); provided that the aggregate amount of Restricted Payments made under this clause does not exceed $10.0 million in any fiscal year (with unused amounts in any fiscal year being carried over to the next two succeeding
fiscal years); provided, further, that each of the amounts in any fiscal year under this clause may be increased by an amount not to exceed: 

  
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 (A) the cash proceeds from the sale of Equity Interests (other than
Disqualified Stock) of the Company and, to the extent contributed to the Company, the cash proceeds from the sale of Equity Interests of any direct or indirect parent company of the Company, in each case to any future, present or former employees,
directors, officers, managers, or consultants (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Company, any of its Subsidiaries or any of its direct or indirect parent companies that occurs after
March 24, 2017, to the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to the payment of Restricted Payments by virtue of Section 4.07(a)(ii)(C) hereof; plus 

(B) the cash proceeds of key man life insurance policies received by the Company or its Restricted Subsidiaries after
March 24, 2017; less 
 (C) the amount of any Restricted Payments previously made with the cash proceeds
described in clauses (A) and (B) of this clause (iv);and provided, further, that cancellation of Indebtedness owing to the Company from any future, present or former employees, directors, officers, managers, or consultants of the
Company (or their respective Controlled Investment Affiliates or Immediate Family Members), any direct or indirect parent company of the Company or any of the Company’s Restricted Subsidiaries in connection with a repurchase of Equity Interests
of the Company or any of its direct or indirect parent companies will not be deemed to constitute a Restricted Payment for purposes of this Section 4.07 or any other provision of this Indenture; 

provided, that the Company or its Restricted Subsidiaries may elect to apply all or a portion of the aggregate increase
contemplated by clauses (A), (B) and (C) above in any fiscal year; 
 (v) the declaration and payment of dividends
to holders of any class or series of Disqualified Stock of the Company or any of its Restricted Subsidiaries or any class or series of Preferred Stock of any Restricted Subsidiary issued in accordance with Section 4.09 hereof to the extent such
dividends are included in the definition of “Fixed Charges”; 
 (vi) (A) the declaration and payment of dividends
to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) issued by the Company or any of its Restricted Subsidiaries after the Issue Date; provided that the amount of dividends paid pursuant to this
clause (vi)(A) shall not exceed the aggregate amount of cash actually received by the Company from the sale of such Designated Preferred Stock; 

(B) the declaration and payment of dividends to any direct or indirect parent company of the Company, the proceeds of which
will be used to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) issued by such parent company after the Issue Date; provided that the amount of dividends paid
pursuant to this clause (vi)(B) shall not exceed the aggregate amount of cash actually contributed to the Company from the sale of such Designated Preferred Stock; or 

  
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 (C) the declaration and payment of dividends on Refunding Capital Stock that
is Preferred Stock in excess of the dividends declarable and payable thereon pursuant to Section 4.07(b)(ii) hereof; 
 provided,
in the case of each of subclauses (A), (B) and (C) of this clause (vi), that for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such
Designated Preferred Stock or the declaration of such dividends on Refunding Capital Stock that is Preferred Stock, after giving effect to such issuance or declaration on a pro forma basis, the Company could incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test under Section 4.09(a) hereof; 
 (vii) Investments in
Unrestricted Subsidiaries taken together with all other Investments made pursuant to this clause (vii) that are at the time outstanding, without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds of such sale do
not consist of cash or marketable securities, not to exceed the greater of (A) $75.0 million and (B) 2.50% of Total Assets; 

(viii) payments made or expected to be made by the Company or any Restricted Subsidiary in respect of withholding or similar
taxes payable upon exercise of Equity Interests by any future, present or former employee, director, officer, manager or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members) and any repurchases of Equity
Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants or required withholding or similar taxes; 

(ix) Restricted Payments during the term of this Indenture in the aggregate not to exceed the amount of Excluded Contributions
at the time such Restricted Payment is made; 
 (x) other Restricted Payments in an aggregate amount taken together with all
other Restricted Payments made pursuant to this clause (x) not to exceed the greater of (A) $150.0 million and (B) 4.00% of Total Assets; 

(xi) distributions or payments of Securitization Fees; 

(xii) the repurchase, redemption or other acquisition or retirement for value of any Subordinated Indebtedness pursuant to the
provisions similar to those described under Section 4.10 and 4.14 hereof; provided that all Notes validly tendered by Holders in connection with a Change of Control Offer or Asset Sale Offer, as applicable, have been repurchased,
redeemed, acquired or retired for value; 
 (xiii) the distribution, by dividend or otherwise, of shares of Capital Stock of,
or Indebtedness owed to the Company or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are Cash Equivalents); 

  
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 (xiv) the payment of cash dividends on the Company’s Common Stock in an
aggregate amount per fiscal quarter not to exceed $0.15 per share for each share of common stock of the Company outstanding as of the record date for dividends payable in respect of such fiscal quarter (as such amount shall be appropriately adjusted
for any stock splits, stock dividends, reverse stock splits, stock consolidations and similar transactions), and not to exceed $25.0 million in any fiscal year; 

(xv) any Restricted Payments to the extent the Total Net Leverage Ratio as of the date of such Restricted Payment determined on
a pro forma basis giving effect to the transactions entered into in connection with such Restricted Payment would not exceed 3.00:1.00; and 

(xvi) payments not to exceed $2.5 million in the aggregate to enable the Company to make payments to holders of its Equity
Interests in lieu of fractional shares of its Equity Interests; 
 provided that at the time of, and after giving effect to, any Restricted Payment
permitted under Sections 4.07(b)(x), 4.07(b)(xiii), 4.07(b)(xiv) and 4.07(b)(xv) hereof, no Default shall have occurred and be continuing or would occur as a consequence thereof. 

(c) For purposes of determining compliance with this Section 4.07, in the event that a Restricted Payment meets the criteria of more than
one of the categories of Restricted Payments described in Sections 4.07(b)(i) through 4.07(b)(xvi), or is permitted pursuant to Section 4.07(a), the Company will be permitted to classify (or later classify or reclassify in whole or in part in
its sole discretion) such Restricted Payment or other such transaction (or portion thereof) on the date made or later reclassify such Restricted Payment or other such transaction (or portion thereof) in any manner that complies with this
Section 4.07. 
 (d) As of the Issue Date, all of the Company’s Subsidiaries will be Restricted Subsidiaries. The Company will not
permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last two sentences of the definition of “Unrestricted Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted
Subsidiary, all outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the penultimate
sentence of the definition of “Investments.” Such designation will be permitted only if a Restricted Payment in such amount would be permitted at such time, whether pursuant to Section 4.07(a) hereof or under Sections 4.07(b)(vii),
4.07(b)(ix) or 4.07(b)(x) hereof, or pursuant to the definition of “Permitted Investments,” and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries will not be subject to any of the
restrictive covenants set forth in this Indenture. 
 Section 4.08 Dividend and Other Payment Restrictions
Affecting Restricted Subsidiaries. 
 (a) The Company will not, and will not permit any of the Company’s Restricted Subsidiaries
that is not a Subsidiary Guarantor (other than the Issuers) to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any such Restricted
Subsidiary to: 

  
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 (i) (A) pay dividends or make any other distributions to the Company or any
of its Restricted Subsidiaries on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, or 

(B) pay any Indebtedness owed to any of the Issuers or any of the Guarantors; 

(ii) make loans or advances to any of the Issuers or any of the Guarantors; or 

(iii) sell, lease or transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. 

(b) The restrictions in Section 4.08(a) hereof will not apply to encumbrances or restrictions existing under or by reason of: 

(i) contractual encumbrances or restrictions in effect on the Issue Date, including pursuant to the Senior Credit Facilities
and the related documentation, the Existing Notes and Hedging Obligations; 
 (ii) this Indenture, the Notes, any Additional
Notes permitted to be incurred under this Indenture and the guarantees thereof; 
 (iii) purchase money obligations for
property acquired in the ordinary course of business and Capitalized Lease Obligations that impose restrictions of the nature discussed in Section 4.08(a)(iii) hereof on the property so acquired; 

(iv) applicable law or any applicable rule, regulation or order; 

(v) any agreement or other instrument of a Person acquired by or merged or consolidated, amalgamated or combined with or into
the Company or any of its Restricted Subsidiaries in existence at the time of such acquisition or at the time it merges with or into the Company or any of its Restricted Subsidiaries or assumed in connection with the acquisition of assets from such
Person (but, in any such case, not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person so acquired and its Subsidiaries, or the
property or assets of the Person so acquired and its Subsidiaries or the property or assets so acquired; 
 (vi) contracts
for the sale of assets, including customary restrictions with respect to a Subsidiary of the Company pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such
Subsidiary; 

  
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 (vii) Secured Indebtedness otherwise permitted to be incurred pursuant to
Sections 4.09 and 4.12 hereof that limit the right of the debtor to dispose of the assets securing such Indebtedness; 

(viii) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary
course of business; 
 (ix) other Indebtedness, Disqualified Stock or Preferred Stock of Foreign Subsidiaries permitted to be
incurred subsequent to the Issue Date pursuant to the provisions of Section 4.09 hereof; 
 (x) customary provisions in
joint venture agreements, partnership agreements, limited liability organizational governance documents, asset sale agreements, sale and leaseback agreements and other similar agreements; 

(xi) customary provisions contained in leases, sub-leases, licenses, sub-licenses or similar agreements, including with respect to intellectual property and other agreements, in each case, entered into in the ordinary course of business; 

(xii) restrictions created in connection with any Qualified Securitization Facility that, in the good faith determination of
the Company are necessary or advisable to effect such Qualified Securitization Facility; 
 (xiii) restrictions or conditions
contained in any trading, netting, operating, construction, service, supply, purchase, sale or other agreement to which the Company or any of its Restricted Subsidiaries is a party entered into in the ordinary course of business; provided
that such agreement prohibits the encumbrance of solely the property or assets of the Company or such Restricted Subsidiary that are the subject to such agreement, the payment rights arising thereunder or the proceeds thereof and does not extend
to any other asset or property of the Company or such Restricted Subsidiary or the assets or property of another Restricted Subsidiary; 

(xiv) other Indebtedness, Disqualified Stock or Preferred Stock permitted to be incurred subsequent to the Issue Date pursuant
to Section 4.09 hereof; provided that, in the judgment of the Company, such incurrence will not materially impair the Company’s ability to make payments under the Notes when due; and 

(xv) any encumbrances or restrictions of the type referred to in Sections 4.08(a)(i), 4.08(a)(ii) and 4.08(a)(iii) hereof
imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in Section 4.08(b)(i) through 4.08(b)(xiv) hereof;
provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, no more restrictive in any material respect with respect to
such encumbrance and other restrictions taken as a whole than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

  
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 Section 4.09 Limitation on Incurrence of Indebtedness and
Issuance of Disqualified Stock and Preferred Stock. 
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries
to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise (collectively, “incur” and collectively, an
“incurrence”) with respect to any Indebtedness (including Acquired Indebtedness) and the Company will not issue any shares of Disqualified Stock and will not permit any Restricted Subsidiary to issue any shares of
Disqualified Stock or Preferred Stock; provided that the Company may incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted Subsidiary may incur Indebtedness (including Acquired
Indebtedness), issue shares of Disqualified Stock and issue shares of Preferred Stock, if the Fixed Charge Coverage Ratio on a consolidated basis for the Company and its Restricted Subsidiaries for the Company’s most recently ended four fiscal
quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock or Preferred Stock is issued would have been at least 2.00 to 1.00, determined
on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been incurred, or the Disqualified Stock or Preferred Stock had been issued, as the case may be, and the application of
proceeds therefrom had occurred at the beginning of such four-quarter period; provided, however, that Restricted Subsidiaries that are not Guarantors or the Issuers may not incur any Indebtedness (including Acquired Indebtedness) pursuant to
this Section 4.09(a) if, after giving pro forma effect to such incurrence of Indebtedness (including pro forma application of the proceeds thereof), the aggregate outstanding Indebtedness of such Restricted Subsidiaries incurred pursuant to
this Section 4.09(a) would exceed an amount equal to the greater of (i) $150.0 million and (ii) 5.00% of Total Assets (as determined on the date of such incurrence). 

(b) The provisions of Section 4.09(a) hereof will not apply to: 

(i) 

(A) the incurrence of Indebtedness pursuant to Credit Facilities, other than the ABL Facility, by the Company or any Restricted
Subsidiary up to an aggregate principal amount of all Indebtedness incurred under this Section 4.09(b)(i)(A) not to exceed the greater of (i) $1,700.0 million at any time outstanding and (ii) an amount such that the Senior
Secured Net Leverage Ratio on the date on which such Indebtedness is incurred would be no greater than 3.50:1.00 (provided that solely for the purpose of determining compliance with this Section 4.09(b)(i)(A), any Indebtedness that is incurred
and outstanding or proposed to be incurred pursuant to this Section 4.09(b)(i)(A) (in the case of unsecured Indebtedness, to the extent such unsecured Indebtedness has not been reclassified as being incurred pursuant to another clause of this
Section 4.09 in accordance with this Indenture), will be deemed to be Secured Indebtedness for purposes of calculating the Senior Secured Net Leverage Ratio); 

  
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 (B) the incurrence of Indebtedness pursuant to the ABL Facility and the
issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the face amount thereof) up to an aggregate principal amount
not to exceed the greater of (x) $400.0 million and (y) the Borrowing Base; 
 (ii) the incurrence by the
Company, the Issuers and any Subsidiary Guarantor of Indebtedness represented by the Notes (including any guarantee thereof) to be issued on the Issue Date (but excluding any Additional Notes); 

(iii) Indebtedness of the Company and its Restricted Subsidiaries in existence on the Issue Date (other than Indebtedness
described in Section 4.09(b)(i) and 4.09(b)(ii) hereof) and, for purposes of Section 4.09(b)(xiii) hereof, Section 4.09(b)(vii) through 4.09(b)(ix) hereof; 

(iv) Indebtedness (including Capitalized Lease Obligations) and Disqualified Stock incurred or issued by the Company or any
Restricted Subsidiary and Preferred Stock issued by any Restricted Subsidiary, to finance the purchase, lease or improvement of property (real or personal), equipment or other assets, that in each case are used or useful in a Similar Business,
whether through the direct purchase of assets or the Capital Stock of any Person owning such assets in an aggregate principal amount, together with any Refinancing Indebtedness in respect thereof and all other Indebtedness, Disqualified Stock and/or
Preferred Stock incurred or issued and outstanding under this Section 4.09(b)(iv), not to exceed the greater of (A) $100.0 million and (B) 3.25% of Total Assets (in each case, determined at the date of incurrence) at any time
outstanding; 
 (v) Indebtedness incurred by the Company or any of its Restricted Subsidiaries constituting reimbursement
obligations with respect to letters of credit, bank guarantees, banker’s acceptances, warehouse receipts, or similar instruments issued or created in the ordinary course of business, including letters of credit in respect of workers’
compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims,
health, disability or other employee benefits or property, casualty or liability insurance or self-insurance; provided that upon the drawing of such letters of credit or the incurrence of such Indebtedness, such obligations are reimbursed
within 30 days following such drawing or incurrence; 
 (vi) Indebtedness arising from agreements of the Company or its
Restricted Subsidiaries providing for indemnification, adjustment of purchase price, earnouts or similar obligations, in each case, incurred or assumed in connection with the disposition of any business, assets or a Subsidiary, other than guarantees
of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 

(vii) Indebtedness of the Company to a Restricted Subsidiary; provided that any such Indebtedness owing to a Restricted
Subsidiary that is not a Subsidiary Guarantor (other than the Issuers) is expressly subordinated in right of payment to the Notes; provided, further, that any subsequent issuance or transfer of any Capital Stock or any

  
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other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Company or another
Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien (but not foreclosure thereon)) shall be deemed, in each case, to be an incurrence of such Indebtedness not permitted by this Section 4.09(b)(vii); 

(viii) Indebtedness of a Restricted Subsidiary to the Company or another Restricted Subsidiary; provided that if the
Issuers or a Subsidiary Guarantor incurs such Indebtedness owing to a Restricted Subsidiary that is not one of the Issuers or a Subsidiary Guarantor, such Indebtedness is expressly subordinated in right of payment to the Guarantee of the Notes of
such Subsidiary Guarantor or the Notes in the case of the Issuers; provided, further, that any subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary or any pledge of such Indebtedness
constituting a Permitted Lien (but not foreclosure thereon)) shall be deemed, in each case, to be an incurrence of such Indebtedness not permitted by this Section 4.09(b)(viii); 

(ix) shares of Preferred Stock of a Restricted Subsidiary issued to the Company or another Restricted Subsidiary; provided
that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except
to the Company or another of its Restricted Subsidiaries) shall be deemed, in each case, to be an issuance of such shares of Preferred Stock not permitted by this Section 4.09(b)(ix); 

(x) Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes) for the purpose of
(A) limiting interest rate risk with respect to any Indebtedness permitted to be incurred under this Indenture, (B) fixing or hedging currency exchange rate risk with respect to any currency exchanges, or (C) fixing or hedging
commodity price risk with respect to any commodity purchases or sales; 
 (xi) obligations in respect of self-insurance and
obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided by the Company or any of its Restricted Subsidiaries or obligations in respect of letters of credit, bank
guarantees or similar instruments related thereto, in each case in the ordinary course of business; 
 (xii) (A) Indebtedness
or Disqualified Stock of the Company and Indebtedness, Disqualified Stock or Preferred Stock of the Company or any Restricted Subsidiary in an aggregate principal amount or liquidation preference, together with any Refinancing Indebtedness (as
defined below) in respect thereof and all other Indebtedness, Disqualified Stock and/or Preferred Stock in each case outstanding under this Section 4.09(b)(xii)(A), up to 100% of the net cash proceeds received by the Company since immediately
after the Issue Date from the issue or sale of Equity Interests of the Company or cash contributed to the capital of the Company (in each case, other than proceeds of Disqualified Stock or sales of Equity Interests to the Company or any of its
Subsidiaries) as determined in accordance with Section 4.07(a)(ii)(C)(2) and 4.07(a)(ii)(C)(3) hereof to the extent such net cash proceeds or cash have not been 

  
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applied pursuant to such clauses to make Restricted Payments or to make other Investments, payments or exchanges pursuant to Section 4.07(b) hereof or to make Permitted Investments (other
than Permitted Investments specified in clauses (a) and (c) of the definition thereof) and (B) Indebtedness or Disqualified Stock of the Company and Indebtedness, Disqualified Stock or Preferred Stock of the Company or any Restricted
Subsidiary not otherwise permitted hereunder in an aggregate principal amount or liquidation preference which, when aggregated with the principal amount and liquidation preference of all other Indebtedness, Disqualified Stock and Preferred Stock
then outstanding and incurred pursuant to this Section 4.09(b)(xii)(B), does not at any one time outstanding exceed the greater of (x) $150.0 million and (y) 5.00% of Total Assets (it being understood that any Indebtedness,
Disqualified Stock or Preferred Stock incurred pursuant to this Section 4.09(b)(xii)(B) shall cease to be deemed incurred or outstanding for purposes of this Section 4.09(b)(xii)(B) but shall be deemed incurred for the purposes of
Section 4.09(a) hereof from and after the first date on which the Company or such Restricted Subsidiary could have incurred such Indebtedness, Disqualified Stock or Preferred Stock under Section 4.09(a) hereof without reliance on this
Section 4.09(b)(xii)(B)); 
 (xiii) the incurrence by the Company or any Restricted Subsidiary of Indebtedness, the
issuance by the Company or any Restricted Subsidiary of Disqualified Stock or the issuance by any Restricted Subsidiary of Preferred Stock which serves to extend, replace, refund, refinance, renew or defease any Indebtedness incurred or Disqualified
Stock or Preferred Stock issued as permitted under Section 4.09(a) hereof and Sections 4.09(b)(ii), 4.09(b)(iii), 4.09(b)(iv) and 4.09(b)(xii)(A) hereof, this Section 4.09(b)(xiii) and Section 4.09(b)(xiv) hereof or any Indebtedness
incurred or Disqualified Stock or Preferred Stock issued to so extend, replace, refund, refinance, renew or defease such Indebtedness, Disqualified Stock or Preferred Stock including additional Indebtedness, Disqualified Stock or Preferred Stock
incurred to pay premiums (including reasonable tender premiums), or similar amounts, if any, accrued interest, defeasance costs and fees in connection therewith (the “Refinancing Indebtedness”) prior to its respective
maturity; provided that such Refinancing Indebtedness: 
 (A) has a Weighted Average Life to Maturity at the time such
Refinancing Indebtedness is incurred which is not less than the remaining Weighted Average Life to Maturity of, the Indebtedness, Disqualified Stock or Preferred Stock being extended, replaced, refunded, refinanced, renewed or defeased; 

(B) to the extent such Refinancing Indebtedness extends, replaces, refunds, refinances, renews or defeases
(1) Indebtedness subordinated to the Notes or any Guarantee thereof, such Refinancing Indebtedness is subordinated to the Notes or the Guarantee thereof at least to the same extent as the Indebtedness being extended, replaced, refunded,
refinanced, renewed or defeased or (2) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness must be Disqualified Stock or Preferred Stock, respectively; and 

  
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 (C) shall not include: 

(1) Indebtedness, Disqualified Stock or Preferred Stock of a Subsidiary of the Company that is not a Guarantor or the Issuers
that refinances Indebtedness or Disqualified Stock of the Company; 
 (2) Indebtedness, Disqualified Stock or Preferred
Stock of a Subsidiary of the Company that is not a Guarantor or the Issuers that refinances Indebtedness, Disqualified Stock or Preferred Stock of a Guarantor or the Issuers; or 

(3) Indebtedness or Disqualified Stock of the Company or Indebtedness, Disqualified Stock or Preferred Stock of a Restricted
Subsidiary that refinances Indebtedness, Disqualified Stock or Preferred Stock of an Unrestricted Subsidiary; 
 and, provided,
further, that Section 4.09(b)(xiii)(A) hereof will not apply to any extension, replacement, refunding, refinancing, renewal or defeasance of any Secured Indebtedness. 

(xiv) (A) Indebtedness or Disqualified Stock of the Company or Indebtedness, Disqualified Stock or Preferred Stock of a
Restricted Subsidiary incurred or issued to finance an acquisition or (B) Indebtedness, Disqualified Stock or Preferred Stock of Persons that are acquired by the Company or any Restricted Subsidiary or merged into, or consolidated, amalgamated
or combined with, the Company or a Restricted Subsidiary in accordance with the terms of this Indenture; provided that in the case of clauses (A) and (B) of this Section 4.09(b)(xiv), after giving effect to such acquisition,
merger, amalgamation, consolidation or other business combination, either 
 (1) the Company would be permitted to incur at
least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Test or 
 (2) the Fixed Charge Coverage Ratio
for the Company immediately subsequent to the date on which such additional Indebtedness is incurred or such Disqualified Stock or Preferred Stock is issued is greater than or equal to immediately prior to such acquisition, merger, amalgamation,
consolidation or other business combination; 
 (xv) Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five Business Days of its incurrence; 

(xvi) Indebtedness of the Company or any of its Restricted Subsidiaries supported by a letter of credit issued pursuant to the
Credit Facilities that is incurred under Section 4.09(b)(i) hereof, in a principal amount not in excess of the stated amount of such letter of credit; 

  
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 (xvii) (A) any guarantee by the Company or a Restricted Subsidiary of
Indebtedness or other obligations of any Restricted Subsidiary so long as the incurrence of such Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this Indenture, or 

(B) any guarantee by a Restricted Subsidiary of Indebtedness of the Company; provided that such guarantee is incurred in
accordance with Section 4.15 hereof; 
 (xviii) Indebtedness consisting of Indebtedness issued by the Company or any of
its Restricted Subsidiaries to future, present or former employees, directors, officers, managers and consultants thereof, their respective Controlled Investment Affiliates or Immediate Family Members, in each case to finance the purchase or
redemption of Equity Interests of the Company or any direct or indirect parent company of the Company to the extent described in Section 4.07(b)(iv) hereof; 

(xix) customer deposits and advance payments received in the ordinary course of business from customers for goods purchased in
the ordinary course of business; 
 (xx) Indebtedness in respect of Bank Products provided by banks or other financial
institutions to the Company and its Restricted Subsidiaries in the ordinary course of business; 
 (xxi) Indebtedness
incurred by a Restricted Subsidiary in connection with bankers’ acceptances, discounted bills of exchange or the discounting or factoring of receivables for credit management purposes, in each case incurred or undertaken in the ordinary course
of business on arm’s length commercial terms on a recourse basis; 
 (xxii) Indebtedness of the Company or any of its
Restricted Subsidiaries consisting of (A) the financing of insurance premiums or (B) take-or-pay obligations contained in supply arrangements in each case,
incurred in the ordinary course of business; 
 (xxiii) the incurrence of Indebtedness of Foreign Subsidiaries of the Company
in an amount not to exceed at any one time outstanding and together with any other Indebtedness incurred under this Section 4.09(b)(xxiii), the greater of (A) $100.0 million and (B) 3.25% of the Total Assets (it being understood
that any Indebtedness incurred pursuant to this Section 4.09(b)(xxiii) shall cease to be deemed incurred or outstanding for the purpose of this Section 4.09(b)(xxiii) but shall be deemed incurred for the purposes of Section 4.09(a)
hereof from and after the first date on which the Issuer or such Restricted Subsidiaries could have incurred such Indebtedness under Section 4.09(a) hereof without reliance on this Section 4.09(b)(xxiii)); 

(xxiv) Indebtedness, Disqualified Stock or Preferred Stock of a Restricted Subsidiary incurred or issued to finance or assumed
in connection with an acquisition in a principal amount not to exceed the greater of (A) $20.0 million and (B) 0.65% of Total Assets in the aggregate at any one time outstanding together with all other Indebtedness, Disqualified Stock
and/or Preferred Stock incurred or issued under this Section 

  
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4.09(b)(xxiv) (it being understood that any Indebtedness, Disqualified Stock or Preferred Stock incurred pursuant to this Section 4.09(b)(xxiv) shall cease to be deemed incurred, issued or
outstanding for purposes of this Section 4.09(b)(xxiv) but shall be deemed incurred for the purposes of Section 4.09(a) hereof from and after the first date on which such Restricted Subsidiary could have incurred such Indebtedness,
Disqualified Stock or Preferred Stock under Section 4.09(a) hereof without reliance on this Section 4.09(b)(xxiv)); 

(xxv) Indebtedness of the Company or any of its Restricted Subsidiaries undertaken in connection with cash management and
related activities with respect to any Subsidiary or joint venture in the ordinary course of business; and 
 (xxvi) the
guarantee of Indebtedness with respect to the HSBC Asian Production Facility up to an aggregate principal amount of $125.0 million; provided that increases in the amount of Indebtedness outstanding solely as a result of fluctuations in
the exchange rate of currencies will not be deemed to be an incurrence of Indebtedness for purpose of this Section 4.09(b)(xxvi). 
 (c)
For purposes of determining compliance with this Section 4.09: 
 (i) in the event that an item of Indebtedness,
Disqualified Stock or Preferred Stock (or any portion thereof) meets the criteria of more than one of the categories of Permitted Indebtedness, Disqualified Stock or Preferred Stock described in Sections 4.09(b)(i) through 4.09(b)(xxvi) hereof or is
entitled to be incurred pursuant to Section 4.09(a) hereof, the Company, in its sole discretion, will classify or reclassify such item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) and will only be required to
include the amount and type of such Indebtedness, Disqualified Stock or Preferred Stock in one of the above clauses or under Section 4.09(a) hereof; provided that all Indebtedness outstanding under the Senior Credit Facilities on the
Issue Date will be treated as incurred on the Issue Date under Section 4.09(b)(i) hereof; 
 (ii) at the time of
incurrence, the Company will be entitled to divide and classify an item of Indebtedness in more than one of the types of Indebtedness described in Sections 4.09(a) and 4.09(b) hereof; 

(iii) in the event an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) is incurred or
issued pursuant to Section 4.09(b) hereof (other than Sections 4.09(b)(i)(A) or 4.09(b)(xiv) hereof) on the same date that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) is incurred or issued under
Section 4.09(a) hereof or Sections 4.09(b)(i)(A) or 4.09(b)(xiv) hereof, then the Fixed Charge Coverage Ratio, the Senior Secured Net Leverage Ratio or the Total Net Leverage Ratio, as applicable, will be calculated with respect to such
incurrence or issuance under Section 4.09(a) hereof or Sections 4.09(b)(i)(A) or 4.09(b)(xiv) hereof without regard to any incurrence or issuance under Section 4.09(b) hereof (other than with respect to any incurrence or issuance under
Sections 4.09(b)(i)(A) or 4.09(b)(xiv) hereof). Unless the Issuers elect otherwise, the incurrence or issuance of Indebtedness, Disqualified Stock or Preferred Stock will be deemed incurred or issued first under Section 4.09(a) hereof or
Sections 4.09(b)(i)(A) or 4.09(b)(xiv) hereof to the extent permitted, with the balance incurred or issued under Section 4.09(b) hereof (other than pursuant to Sections 4.09(b)(i)(A) or 4.09(b)(xiv) hereof); and 

  
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 (iv) in the event that the Company or a Restricted Subsidiary
(x) incurs Indebtedness to finance an acquisition or (y) assumes Indebtedness of Persons that are acquired by the Company or any Restricted Subsidiary or merged into, or consolidated, amalgamated or combined with, the Company or a
Restricted Subsidiary in accordance with the terms of this Indenture, the date of determination of the Fixed Charge Coverage Ratio, the Senior Secured Net Leverage Ratio or the Total Net Leverage Ratio, as applicable, shall, at the option of the
Company, be the date that a definitive agreement for such acquisition is entered into and the Fixed Charge Coverage Ratio, the Senior Secured Net Leverage Ratio or the Total Net Leverage Ratio, as applicable, shall be calculated giving pro forma
effect to such acquisition and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) consistent with the definition of the Fixed Charge Coverage Ratio, the
Senior Secured Net Leverage Ratio or the Total Net Leverage Ratio, as applicable, and, for the avoidance of doubt, (A) if any such ratios are exceeded as a result of fluctuations in such ratio (including due to fluctuations in the Consolidated
Adjusted EBITDA of the Issuer or the target company) at or prior to the consummation of the relevant acquisition, such ratios will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether such
acquisition and any related transactions are permitted hereunder and (B) such ratios shall not be tested at the time of consummation of such acquisition or related transactions; provided, further, that if the Company elects to
have such determinations occur at the time of entry into such definitive agreement, (i) any such transaction shall be deemed to have occurred on the date the definitive agreement is entered into and to be outstanding thereafter for purposes of
calculating any ratios under this Indenture after the date of such agreement and before the earlier of the date of consummation of such acquisition or the date such agreement is terminated or expires without consummation of such acquisition and
(ii) to the extent any covenant baskets were utilized in satisfying any covenants, such baskets shall be deemed utilized, but any calculation of Consolidated Adjusted EBITDA for purposes of other incurrences of Indebtedness or Liens or making
of Restricted Payments (not related to such acquisition) shall not reflect such acquisition until it has been consummated. 

(v) Accrual of interest or dividends, the accretion of accreted value, the accretion or amortization of original issue discount
and the payment of interest or dividends in the form of additional Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, of the same class will not be deemed to be an incurrence or issuance of Indebtedness, Disqualified Stock or
Preferred Stock for purposes of this Section 4.09. 
 (vi) For purposes of determining compliance with any U.S.
dollar-denominated restriction on the incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date
such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt; provided that if such Indebtedness is incurred to refinance other Indebtedness

  
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denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in
effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed (A) the principal amount of such
Indebtedness being refinanced plus (B) the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses incurred in connection with such refinancing. 

(vii) The principal amount of any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency
from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the date of such refinancing. 

(viii) Notwithstanding anything to the contrary in this Indenture, the Issuers will not, and will not permit any Subsidiary
Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinated or junior in right of payment to any Indebtedness of the Issuers or such Subsidiary Guarantor, as the case may be, unless such
Indebtedness is expressly subordinated in right of payment to the Notes or such Subsidiary Guarantor’s Guarantee to the extent and in the same manner as such Indebtedness is subordinated to other Indebtedness of the Issuers or such Subsidiary
Guarantor, as the case may be. 
 (ix) Notwithstanding anything to the contrary in this Indenture, (A) unsecured
Indebtedness will not be treated as subordinated or junior to Secured Indebtedness merely because it is unsecured or (B) Indebtedness will not be treated as subordinated or junior to any other Indebtedness merely because it has a junior
priority with respect to the same collateral. 
 Section 4.10 Asset Sales. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale, unless: 

(i) the Company or such Restricted Subsidiary, as the case may be, receives consideration (including by way of relief from, or
any Person assuming responsibilities for, any liabilities, contingent or otherwise) at the time of such Asset Sale at least equal to the fair market value (at the time of contractually agreeing to such Asset Sale) of the assets sold or otherwise
disposed of; and 
 (ii) except in the case of a Permitted Asset Swap, at least 75% of the consideration for asset sales in
excess of $25.0 million therefor received by the Company or such Restricted Subsidiary, as the case may be, is in the form of Cash Equivalents; provided that the amount of: 

  
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 (A) any liabilities (as shown on the Company’s or such Restricted
Subsidiary’s most recent balance sheet or in the footnotes thereto) of the Company or such Restricted Subsidiary, other than liabilities that are by their terms subordinated to the Notes, that are assumed by the transferee of any such assets
and for which the Company and all of its Restricted Subsidiaries have been validly released by all creditors in writing; 

(B) any securities, notes or other obligations or assets received by the Company or such Restricted Subsidiary from such
transferee that are converted by the Company or such Restricted Subsidiary into Cash Equivalents (to the extent of the Cash Equivalents received) within 180 days following the closing of such Asset Sale; and 

(C) any Designated Non-cash Consideration received by the Company or such Restricted
Subsidiary in such Asset Sale having an aggregate fair market value, taken together with all other Designated Non-cash Consideration received pursuant to this Section 4.10(a)(ii)(C) that is at that time
outstanding, not to exceed the greater of (x) $75.0 million and (y) 2.50% of Total Assets at the time of the receipt of such Designated Non-cash Consideration, with the fair market value of each
item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in value; 

shall be deemed to be Cash Equivalents for purposes of this Section 4.10(a)(ii) and for no other purpose. 

(b) Within 365 days after the receipt of any Net Proceeds from any Asset Sale, the Company or such Restricted Subsidiary, at its option, may
apply an amount equal to the amount of such Net Proceeds from such Asset Sale: 
 (i) to repay, repurchase or redeem any
Senior Debt provided that such repayment, repurchase or redemption may close up to 45 days after the end of such 365-day period;: 

(ii) to make (A) an Investment in any one or more businesses; provided that such Investment in any business is in
the form of the acquisition of Capital Stock and results in the Company or any of its Restricted Subsidiaries, as the case may be, owning an amount of the Capital Stock of such business such that it constitutes a Restricted Subsidiary,
(B) capital expenditures or (C) acquisitions of other assets, in the case of each of clauses (A), (B) and (C) of this Section 4.10(b)(ii), used or useful in a Similar Business; 

(iii) to make an Investment in (A) any one or more businesses; provided that such Investment in any business is in
the form of the acquisition of Capital Stock and results in the Company or any of its Restricted Subsidiaries, as the case may be, owning an amount of the Capital Stock of such business such that it constitutes a Restricted Subsidiary or increases
the Issuers’ direct or indirect percentage ownership of the Capital Stock of a Restricted Subsidiary, (B) properties or (C) acquisitions of other assets that, in the case of each of clauses (A), (B) and (C) of this
Section 4.10(b)(iii), replace the businesses, properties and/or assets that are the subject of such Asset Sale; or 

  
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 (iv) any combination of Section 4.10(b)(i), Section 4.10(b)(ii) or
Section 4.10(b)(iii) hereof. 
 provided that, in the case of Sections 4.10(b)(ii) and 4.10(b)(iii) hereof, a binding commitment entered into
not later than such 365th day shall extend the period for such Investment or other payment for an additional 270 days after the end of such 365-day period so long as the Company or such Restricted Subsidiary
enters into such commitment with the good faith expectation that such Net Proceeds will be applied to satisfy such commitment within 270 days of such commitment (an “Acceptable Commitment”) and, in the event any Acceptable
Commitment is later cancelled or terminated for any reason before such Net Proceeds are applied in connection therewith, the Company or such Restricted Subsidiary enters into another Acceptable Commitment (a “Second
Commitment”) within such 270-day period; provided, further, that (x) if any Second Commitment is later cancelled or terminated for any reason before such Net Proceeds are
applied or (y) such Net Proceeds are not actually so invested or paid in accordance with Sections 4.10(b)(ii) and 4.10(b)(iii) hereof by the end of such 270-day period, then such Net Proceeds shall
constitute Excess Proceeds (as defined below) on the date of such cancellation or termination, or such 270th day, as applicable. 
 (c) Any
Net Proceeds from the Asset Sale that are not invested or applied as provided and within the time period set forth in Section 4.10(b) hereof will be deemed to constitute “Excess Proceeds.” When the aggregate amount of
Excess Proceeds exceeds $40.0 million, the Company shall make an offer to all Holders and, if required by the terms of any Indebtedness that is pari passu with the Notes (“Pari Passu Indebtedness”), to the holders of
such Pari Passu Indebtedness (an “Asset Sale Offer”), to purchase the maximum aggregate principal amount of the Notes and such Pari Passu Indebtedness that is in an amount equal to at least $2,000, that may be purchased out
of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof (or accreted value thereof, if less), plus accrued and unpaid interest, if any, to, but not including, the date fixed for the closing
of such offer, in accordance with the procedures set forth in this Indenture. The Company will commence an Asset Sale Offer with respect to Excess Proceeds within ten Business Days after the date that Excess Proceeds exceed $40.0 million by
delivering the notice required pursuant to the terms of this Indenture, with a copy to the Trustee. The Company may satisfy the foregoing obligations with respect to any Net Proceeds from an Asset Sale by making an Asset Sale Offer with respect to
such Net Proceeds prior to the expiration of the relevant 365 days (or such longer period provided above) or with respect to Excess Proceeds of $40.0 million or less. 

To the extent that the aggregate amount of Notes and such Pari Passu Indebtedness tendered pursuant to an Asset Sale Offer is less than the
Excess Proceeds, the Company may use any remaining Excess Proceeds for general corporate purposes, subject to other covenants contained in this Indenture. If the aggregate principal amount of Notes or the Pari Passu Indebtedness surrendered by such
holders thereof exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and the Company shall select such Pari Passu Indebtedness to be purchased on a pro rata basis based on the accreted value or principal amount of the Notes or
such Pari Passu Indebtedness tendered (with adjustments so that only Notes in an amount not less than $2,000 are purchased). Upon completion of any such Asset Sale Offer, the amount of Excess Proceeds that resulted in the Asset Sale Offer shall be
reset to zero. The Trustee shall not be liable for selections made in accordance with this paragraph. 

  
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 (d) Pending the final application of any Net Proceeds pursuant to this Section 4.10,
the holder of such Net Proceeds may apply such Net Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Proceeds in any manner not prohibited by this Indenture. 

(e) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations
conflict with the provisions of this Indenture, the Company will comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Indenture by virtue thereof. 

(f) The provisions of Section 3.09 hereof and this Section 4.10 may be waived or modified with the written consent of the Holders of
a majority in principal amount of the Notes then outstanding. 
 Section 4.11 Transactions with Affiliates.

 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or
otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any
Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $10.0 million, unless: 

(i) such Affiliate Transaction is on terms that are not materially less favorable to the Company or its relevant Restricted
Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person on an arm’s-length basis, or, if in the good faith
judgment of the board of directors of the Company, no comparable transaction is available with which to compare such Affiliate Transaction, such Affiliate Transaction is otherwise fair to the Company or its relevant Restricted Subsidiary from a
financial point of view; and 
 (ii) the Company delivers to the Trustee with respect to any Affiliate Transaction or series
of related Affiliate Transactions involving aggregate payments or consideration in excess of $35.0 million, a resolution adopted by the majority of the board of directors of the Company approving such Affiliate Transaction and set forth in an
Officer’s Certificate certifying that such Affiliate Transaction complies with Section 4.11(a)(i) hereof. 
 (b) The provisions of
Section 4.11(a) hereof will not apply to the following, without duplication: 
 (i) transactions between or among the
Company or any of its Restricted Subsidiaries or any entity that becomes a Restricted Subsidiary as a result of such transaction; 

  
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 (ii) Permitted Investments and Restricted Payments permitted by
Section 4.07 hereof; 
 (iii) the payment of reasonable and customary fees and compensation paid to, and indemnities and
reimbursements and employment and severance arrangements provided on behalf of or for the benefit of, current or former employees, directors, officers, managers, distributors or consultants of the Company, any of its direct or indirect parent
companies or any of its Restricted Subsidiaries; 
 (iv) transactions in which the Company or any of its Restricted
Subsidiaries, as the case may be, delivers to the Trustee a letter from an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or stating that the terms are
not materially less favorable to the Company or its relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person on an arm’s length
basis; 
 (v) any agreement as in effect as of the Issue Date, or any amendment thereto (so long as any such amendment is not
disadvantageous in any material respect in the good faith judgment of the board of directors of the Company to the Holders when taken as a whole as compared to the applicable agreement as in effect on the Issue Date); 

(vi) the existence of, or the performance by the Company or any of its Restricted Subsidiaries of its obligations under the
terms of, any stockholders agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of the Issue Date and any similar agreements which it may enter into thereafter; provided that
the existence of, or the performance by the Company or any of its Restricted Subsidiaries of obligations under any future amendment to any such existing agreement or under any similar agreement entered into after the Issue Date shall only be
permitted by this Section 4.11(b)(vi) to the extent that the terms of any such amendment or new agreement are not otherwise disadvantageous in any material respect in the good faith judgment of the board of directors of the Company to the
Holders when taken as a whole; 
 (vii) transactions with customers, clients, suppliers, contractors, joint venture partners
or purchasers or sellers of goods or services that are Affiliates, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture which are fair to the Company and its Restricted Subsidiaries, in the
reasonable determination of the board of directors of the Company, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party; 

(viii) the issuance of Equity Interests (other than Disqualified Stock) of the Company to any direct or indirect parent company
of the Company or to any Permitted Holder or to any employee, director, officer, manager, distributor or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Company, any of its direct or indirect
parent companies or any of its Restricted Subsidiaries; 

  
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 (ix) sales of accounts receivable, or participations therein, or
Securitization Assets or related assets in connection with or any Qualified Securitization Facility; 
 (x) payments and
Indebtedness and Disqualified Stock (and cancellation of any thereof) of the Company and its Restricted Subsidiaries and Preferred Stock (and cancellation of any thereof) of any Restricted Subsidiary to any future, current or former employee,
director, officer, manager or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Company, any of its Subsidiaries or any of its direct or indirect parent companies pursuant to any management equity
plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement; and any employment agreements, stock option plans and other compensatory arrangements (and any successor
plans thereto) and any supplemental executive retirement benefit plans or arrangements with any such employees, directors, officers, managers or consultants (or their respective Controlled Investment Affiliates or Immediate Family Members) that are,
in each case, approved by Company in good faith; 
 (xi) payments to or from, and transactions with, any joint venture in the
ordinary course of business (including, without limitation, any cash management activities related thereto); 
 (xii) if and
for so long as the Company is a member of a group filing a consolidated, unitary or combined tax return with any direct or indirect parent company thereof, payments by the Company (and such parent company) and its Subsidiaries pursuant to tax
sharing agreements among the Company (and any such parent company) and its Subsidiaries; provided that in each case the amount of such payments in any fiscal year does not exceed the amount that the Company, its Restricted Subsidiaries and
its Unrestricted Subsidiaries (to the extent of amounts actually received in cash from its Unrestricted Subsidiaries) would be required to pay in respect of foreign, federal, state and local income taxes for such fiscal year were the Company, its
Restricted Subsidiaries and its Unrestricted Subsidiaries (to the extent described above) to pay such taxes on a consolidated basis on behalf of an affiliated group consisting only of the Company, its Restricted Subsidiaries and such Unrestricted
Subsidiaries; 
 (xiii) any lease entered into between the Company or any Restricted Subsidiary, as lessee and any Affiliate
of the Company, as lessor, which is approved by a majority of the disinterested members of the board of directors of the Company in good faith; 

(xiv) intellectual property licenses in the ordinary course of business; 

(xv) payments by the Company or any Restricted Subsidiary to one or more stockholders for any financial advisory, financing,
underwriting or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, and any customary indemnities related thereto, which payments are approved by a majority of the
members of the board of directors of the Company; and 

  
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 (xvi) transactions with Affiliates solely in their capacity as holders of
Indebtedness or Equity Interests of the Company or any of its Subsidiaries, so long as such transaction is with all holders of such class (and there are non-Affiliate holders of such class) and such Affiliates
are treated no more favorably than all holders of such class generally; provided, however, that with regard to an issue of Indebtedness of the Company or any of its Subsidiaries, such Affiliate holds no more than 15% of such issue. 

Section 4.12 Liens. The Company and the Issuers will not, and will not permit any
Subsidiary Guarantor to, directly or indirectly, create, incur, assume or suffer to exist any Lien (an “Initial Lien”) of any kind (except Permitted Liens) that secures Obligations under any Indebtedness or any related
Guarantee of Indebtedness, on any asset or property of the Company, the Issuers or any Subsidiary Guarantor, or any income or profits therefrom, or assign or convey any right to receive income therefrom, unless: 

(a) in the case of Liens securing Subordinated Indebtedness, the Notes and related Guarantees are secured by a Lien on such property, assets or
proceeds that is senior in priority to such Liens; and 
 (b) in all other cases, the Notes or the Guarantees are equally and ratably
secured, 
 in each case of clauses (a) and (b), until such time as such Indebtedness is no longer secured by the Initial Lien. The foregoing
provisions of this Section 4.12 shall not apply to (i) Liens securing the Notes and the related Guarantees and (ii) Liens securing (x) Indebtedness and other Obligations permitted to be incurred under Credit Facilities, including
any letter of credit facility relating thereto, that was incurred pursuant to Section 4.09(b)(i) hereof and (y) obligations of the Company or any Subsidiary in respect of any Bank Products and Hedging Obligations provided by any lender
party to any Senior Credit Facility or any Affiliate of such lender (or any Person that was a lender or an Affiliate of a lender at the time the applicable agreements pursuant to which such Bank Products are provided were entered into). 

Any Lien created for the benefit of the Holders pursuant to the preceding paragraph of this Section 4.12 shall provide by its terms that
such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien. 

Section 4.13 Company Existence. Subject to Article 5 hereof, the Company and the Issuers shall do or cause to
be done all things necessary to preserve and keep in full force and effect (i) their corporate or company existence, as applicable, and the corporate, partnership or other existence of the Restricted Subsidiaries, in accordance with the
respective organizational documents (as the same may be amended from time to time); provided that, subject to Section 4.16 hereof, the Company shall not be required to preserve the corporate, partnership or other existence of its
Restricted Subsidiaries (other than the Issuer), if the Company in good faith shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole. 

  
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 Section 4.14 Offer to Repurchase Upon Change of Control
Triggering Event. If a Change of Control Triggering Event occurs, unless the Issuers have previously or concurrently electronically delivered or mailed a redemption notice with respect to all the outstanding Notes as described under
Section 3.07 hereof, the Issuers will make an offer to purchase all of the Notes pursuant to the offer described below (the “Change of Control Offer”) at a price in cash (the “Change of Control
Payment”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to, but not including, the date of purchase, subject to the right of Holders of the Notes of record on the relevant Record Date
to receive interest due on the relevant Interest Payment Date prior to such repurchase. Within 30 days following any Change of Control Triggering Event, the Issuers will deliver notice of such Change of Control Offer electronically or by first-class
mail, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in the Note Register (or otherwise in accordance with the procedures of DTC) with the following information: 

(a) that a Change of Control Offer is being made pursuant to this Section 4.14 and that all Notes properly tendered pursuant to such
Change of Control Offer will be accepted for payment by the Issuers; 
 (b) the purchase price and the purchase date, which will be no
earlier than 30 days nor later than 60 days from the date such notice is mailed or otherwise delivered (the “Change of Control Payment Date”); 

(c) that any Note not properly tendered will remain outstanding and continue to accrue interest; 

(d) that unless the Issuers default in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of
Control Offer will cease to accrue interest on the Change of Control Payment Date; 
 (e) that Holders electing to have any Notes purchased
pursuant to a Change of Control Offer will be required to surrender such Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed, to the paying agent specified in the notice at the address
specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment Date; 
 (f) that
Holders will be entitled to withdraw their tendered Notes and their election to require the Issuers to purchase such Notes; provided that the Issuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the close
of business on the expiration date of the Change of Control Offer, a telegram, facsimile or electronic transmission or letter setting forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase, and a statement
that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased; 
 (g) that Holders whose Notes are being
purchased only in part will be issued new Notes and such new Notes will be equal in principal amount to the unpurchased portion of the Notes surrendered. The unpurchased portion of the Notes must be equal to at least $2,000 or any integral multiple
of $1,000 in excess thereof; 
 (h) if such notice is mailed or otherwise delivered prior to the occurrence of a Change of Control Triggering
Event, that the Change of Control Offer is conditional on the occurrence of such Change of Control Triggering Event; and 

  
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 (i) the other instructions, as determined by the Issuers, consistent with this
Section 4.14, that a Holder must follow. 
 (j) The Issuers will comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Notes pursuant to a Change of
Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture, the Issuers will comply with the applicable securities laws and regulations and shall not be deemed to have
breached its obligations described in this Indenture by virtue thereof. 
 (k) On the Change of Control Payment Date, the Issuers will, to
the extent permitted by law: 
 (i) accept for payment all Notes issued by it or portions thereof properly tendered pursuant
to the Change of Control Offer; 
 (ii) deposit with the Paying Agent an amount equal to the aggregate Change of Control
Payment in respect of all Notes or portions thereof so tendered; and 
 (iii) deliver, or cause to be delivered, to the
Trustee for cancellation the Notes so accepted together with an Officer’s Certificate to the Trustee stating that such Notes or portions thereof have been tendered to and purchased by the Issuers. 

(l) The Issuers will not be required to make a Change of Control Offer following a Change of Control Triggering 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 this Indenture applicable to a Change of Control Offer made by the Issuers and purchases all Notes validly tendered and not
withdrawn under such Change of Control Offer. 
 (m) Notwithstanding anything to the contrary herein, a Change of Control Offer may be made
in advance of a Change of Control Triggering Event, conditional upon such Change of Control Triggering Event, if a definitive agreement is in place for the related Change of Control at the time of making of the Change of Control Offer. 

(n) Other than as specifically provided in this Section 4.14, any purchase pursuant to this Section 4.14 shall be made pursuant to
the provisions of Sections 3.02, 3.05 and 3.06 hereof, and references therein to “redeem,” “redemption” and similar words shall be deemed to refer to “purchase,” “repurchase” and similar words, as applicable.
The provisions of Sections 3.02, 3.05 and 3.06 hereof and this Section 4.14 may be waived or modified with the written consent of the Holders of a majority in principal amount of the Notes then outstanding. 

Section 4.15 Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. The Company will not permit
any of its Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Owned Subsidiaries if such non-Wholly-Owned Subsidiaries guarantee Indebtedness for
borrowed money of the Company, the Issuers or any Subsidiary Guarantor), other than the Issuer, a Subsidiary Guarantor, a Foreign Subsidiary (except any Foreign Subsidiary that guarantees any Indebtedness of the Issuer under the Senior Credit
Facilities or any foreign tranche of the ABL Facility) or a Securitization Subsidiary, to incur or guarantee the payment of any Indebtedness of the Company, the Issuer, or any Subsidiary Guarantor in excess of $20.0 million unless: 

  
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 (a) such Restricted Subsidiary within 30 days executes and delivers a supplemental indenture
to this Indenture, the form of which is attached as Exhibit E hereto, providing for a Guarantee by such Restricted Subsidiary, except that with respect to a guarantee of Indebtedness of the Issuer or any Guarantor, if such Indebtedness is by
its express terms subordinated in right of payment to the Notes or such Guarantor’s Guarantee, any such guarantee by such Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of payment to such Guarantee
substantially to the same extent as such Indebtedness is subordinated to the Notes; and 
 (b) such Restricted Subsidiary waives and will not
in any manner whatsoever claim or take the benefit or advantage of, any rights of reimbursement, indemnity or subrogation or any other rights against the Company or any other Restricted Subsidiary as a result of any payment by such Restricted
Subsidiary under its Guarantee; 
 provided that this covenant shall not be applicable to (i) any guarantee of any Restricted Subsidiary that
existed at the time such Person became a Restricted Subsidiary and was not incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary and (ii) guarantees of any Qualified Securitization Facility by any
Restricted Subsidiary. The Issuer may elect, in its sole discretion, to cause any Subsidiary that is not otherwise required to be a Subsidiary Guarantor to become a Subsidiary Guarantor, in which case such Subsidiary shall not be required to comply
with the 30-day period described in Section 4.15(a) hereof. 

Section 4.16 Existence of Corporate Co-Issuer. The Issuer will always
maintain a Wholly-Owned Subsidiary of the Company organized as a corporation under the laws of the United States, any state thereof or the District of Columbia that will serve as a co-issuer of the notes
unless the Issuer is itself a corporation under the laws of the United States, any state thereof or the District of Columbia. 

Section 4.17 Changes in Covenants When Notes Rated Investment Grade. 

(a) If on any date following the Issue Date (i) the Notes have an Investment Grade Rating from at least two Rating Agencies, (ii) no
Default or Event of Default shall have occurred and be continuing and (iii) the Issuers have delivered to the Trustee an Officer’s Certificate certifying to the foregoing provisions of this sentence (the occurrence of the events described
in the foregoing clauses (i), (ii) and (iii) being collectively referred to as a “Covenant Suspension Event”), then, beginning on that day and subject to the following provisions of this Section 4.17, Sections
4.07, 4.08, 4.09, 4.10, 4.11, 4.15 and 5.01(a)(iv) hereof will be suspended. During any period that the foregoing covenants have been suspended, the board of directors of the Company may not designate any of its Subsidiaries as Unrestricted
Subsidiaries pursuant to the second paragraph of the definition of “Unrestricted Subsidiary.” 

  
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 (b) If on any subsequent date (the “Reinstatement Date”) the Notes
cease to maintain Investment Grade Ratings from at least two Rating Agencies, then each of the covenants suspended pursuant to Section 4.17(a) hereof will be reinstituted as of and from the date of such rating decline and the Issuers shall
deliver to the Trustee an Officer’s Certificate certifying the foregoing. Calculations under Section 4.07 hereof will be made as if Section 4.07 had been in effect since the Issue Date except that no Default will be deemed to have
occurred solely by reason of a Restricted Payment made while that covenant was suspended. Furthermore, all Indebtedness incurred, or Disqualified Stock or Preferred Stock issued, while Section 4.09 hereof was suspended pursuant to
Section 4.17(a) hereof will be deemed to have been incurred or issued pursuant to Section 4.09(b)(iii) hereof. 
 In addition, for
purposes of Section 4.11 hereof, all agreements and arrangements entered into by the Company or any Restricted Subsidiary with an Affiliate of the Company during the period in which such covenant was suspended will be deemed to have been
entered into prior to the Issue Date and permitted by Section 4.11(b)(v), and for purposes of Section 4.08 hereof, all contracts entered into during the period in which such covenant was suspended that contain any of the restrictions
contemplated by such covenant will be deemed to have been existing on the Issue Date and permitted by Section 4.08(b)(i) hereof. 
 (c)
The Issuers shall promptly deliver to the Trustee an Officer’s Certificate notifying the Trustee of any event giving rise to a Covenant Suspension Event or a Reinstatement Date, the date thereof and identifying the suspended or reinstated
covenants. The Trustee shall not have any obligation to monitor the ratings of the Notes, the occurrence or date of any Covenant Suspension Event or Reinstatement Date and may rely conclusively on the Officer’s Certificate with respect to the
same. The Trustee shall not have any obligation to notify the Holders of the occurrence or date of any Covenant Suspension Event, suspended covenants or Reinstatement Date, but may provide a copy of such Officer’s Certificate to any Holder upon
request. 
 ARTICLE 5 

SUCCESSORS 

Section 5.01 Merger, Consolidation or Sale of All or Substantially All Assets. 

(a) Neither Issuer may, and the Company may not permit any Issuer to, consolidate, amalgamate, combine or merge with or into or wind up into,
consummate a Division as the Dividing Person (regardless of whether such Issuer is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of (including, in each case, by way of Division) all or substantially all of its
assets, in one or more related transactions, to any Person unless: 
 (i) such Issuer is the surviving Person or the Person
formed by or surviving any such consolidation, amalgamation, business combination, merger or Division (if other than such Issuer) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made, is a Person
organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (such Person, as the case may be, being herein called the “Successor Issuer”); provided
that in the case where the surviving Person is not a corporation, a co-issuer of the Notes is a corporation organized or existing under such laws; 

  
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 (ii) the Successor Issuer, if other than such Issuer, expressly assumes all
the obligations of such Issuer under the Notes pursuant to supplemental indentures or other documents or instruments; 

(iii) immediately after such transaction, no Default exists; 

(iv) immediately after giving pro forma effect to such transaction and any related financing transactions, as if such
transactions had occurred at the beginning of the applicable four-quarter period, 
 (A) the Successor Issuer or, if such
Issuer is the surviving Person, such Issuer, would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Test, or 

(B) the Fixed Charge Coverage Ratio for the Company and its Restricted Subsidiaries would be greater than the Fixed Charge
Coverage Ratio for the Company and its Restricted Subsidiaries immediately prior to such transaction; 
 (v) each Guarantor,
unless it is the other party to the transactions described above, in which case Section 5.01(a)(ii) hereof shall apply, shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under this
Indenture and the Notes; and 
 (vi) such Issuer shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that such consolidation, amalgamation, business combination, merger, Division or transfer and such supplemental indentures, if any, comply with this Indenture and such supplemental indentures, if any, are the legal,
valid and binding obligations of such Issuer or successor Issuer (if other than such Issuer) and any Guarantors party thereto. 
 The
Successor Issuer will succeed to, and be substituted for, such Issuer under this Indenture, the Guarantees and the Notes, as applicable. 

Notwithstanding Sections 5.01(a)(iii) and 5.01(a)(iv) hereof, 

(x) any Restricted Subsidiary may consolidate, amalgamate or combine with, merge into, consummate a Division as the Dividing
Person or transfer all or part of its properties and assets to an Issuer, and 
 (y) an Issuer may merge with any Restricted
Subsidiary (other than the other Issuer) solely for the purpose of reincorporating such Issuer in the United States, any state thereof, the District of Columbia or any territory thereof. 

Notwithstanding anything to the contrary in the foregoing, Section 5.01(a) shall not apply in the event that any Issuer in its sole
discretion converts into a limited liability company, existing under the laws of the jurisdiction of organization of such Issuer and undertakes any transactions related or incidental thereto at any time after the Closing Date; provided that
in the case of such conversion, a co-issuer of the Notes is a corporation. 

  
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 (b) The Company may not consolidate, amalgamate, combine or merge with or into or wind up
into, consummate a Division as the Dividing Person (regardless of whether the Company is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of (including, in each case, by way of Division) all or substantially
all of its assets, in one or more related transactions, to any Person unless: 
 (i) the Company is the surviving corporation
or the Person formed by or surviving any such consolidation, amalgamation, business combination, merger or Division (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made,
is a Person organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (such Person, as the case may be, being herein called the “Successor Company”); 

(ii) the Successor Company, if other than the Company, expressly assumes all the obligations of the Company under this
Indenture, including the Company’s related Guarantee, pursuant to supplemental indentures or other documents or instruments; 

(iii) immediately after such transaction, no Default exists; 

(iv) immediately after giving pro forma effect to such transaction and any related financing transactions, as if such
transactions had occurred at the beginning of the applicable four-quarter period, 
 (A) the Successor Company or, if the
Company is the surviving Person, the Company, would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Test, or 

(B) the Fixed Charge Coverage Ratio for the Successor Company and its Restricted Subsidiaries or, if the Company is the
surviving Person, the Company and its Restricted Subsidiaries, would be less than the Fixed Charge Coverage Ratio for the Company and its Restricted Subsidiaries immediately prior to such transaction; and 

(v) the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, amalgamation, business combination, merger, Division or transfer and such supplemental indentures, if any, comply with this Indenture and such supplemental indentures, if any, are the legal, valid and binding obligations of the
Company or successor Company (if other than the Company) and any Guarantor party thereto, enforceable against them in accordance with its terms. 
 The
Successor Company will succeed to, and be substituted for, the Company under this Indenture, the Guarantees and the Notes, as applicable. 

  
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 Notwithstanding Sections 5.01(b)(iii) and 5.01(b)(iv) hereof, 

(x) any Restricted Subsidiary may consolidate, amalgamate or combine with, merge into, consummate a Division as the Dividing
Person or transfer all or part of its properties and assets to the Company, and 
 (y) the Company may merge with any
Restricted Subsidiary solely for the purpose of reincorporating the Company in the United States, any state thereof, the District of Columbia or any territory thereof. 

(c) Subject to Section 10.06 hereof, no Guarantor will, and the Company will not permit any Guarantor to, consolidate, amalgamate, combine
or merge with or into or wind up into, consummate a Division as the Dividing Person (regardless of whether the Company, an Issuer or such Guarantor is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of
(including, in each case, by way of Division) all or substantially all of its assets, in one or more related transactions, to any Person unless: 

(i) (A) such Guarantor is the surviving Person or the Person formed by or surviving any such consolidation, amalgamation,
business combination, merger or Division (if other than such Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a Person organized or existing under the laws of the United States,
any state thereof, the District of Columbia, or any territory thereof (such Person being herein called the “Successor Guarantor”); 

(B) the Successor Guarantor expressly assumes all the obligations of such Guarantor under this Indenture, including such
Guarantor’s related Guarantee, pursuant to supplemental indentures or other documents or instruments; 
 (C) immediately
after such transaction, no Default exists; and 
 (D) the Issuer shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, business combination, merger, Division or transfer and such supplemental indentures, if any, comply with this Indenture and that such supplemental indentures,
if any, are legal, valid and binding obligations of the successor Guarantor, if other than the Guarantor, enforceable in accordance with its terms; or 

(ii) the transaction is made in compliance with Section 4.10 hereof as applicable on the date of the transaction. 

Subject to Section 10.06 hereof, the Successor Guarantor will succeed to, and be substituted for, such Guarantor under this Indenture and
such Guarantor’s Guarantee. 
 Notwithstanding the foregoing provisions of this Section 5.01(c), any Guarantor (other than the
Company) may: 

  
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 (x) consolidate, amalgamate or combine with, merge into, consummate a
Division as the Dividing Person or transfer all or part of its properties and assets to another Guarantor or any of the Issuers, 

(y) merge with a Restricted Subsidiary solely for the purpose of reincorporating such Guarantor in the United States, any state
thereof, the District of Columbia, or any territory thereof, or 
 (z) convert into a corporation, partnership, limited
partnership, limited liability company or trust organized or existing under the laws of the jurisdiction of organization of such Guarantor. 

Section 5.02 Successor Person Substituted. Upon any consolidation, amalgamation, business combination, merger
or Division, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the Company, an Issuer or a Subsidiary Guarantor in accordance with Section 5.01 hereof, the successor Person
formed by such consolidation, amalgamation, business combination, Division, into or with which the Company, such Issuer or such Subsidiary Guarantor, as applicable, is merged or to which such sale, assignment, transfer, lease, conveyance or other
disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, amalgamation, business combination, merger, Division, sale, assignment, transfer, lease, conveyance or other disposition, the
provisions of this Indenture referring to the Company, such Issuer or such Subsidiary Guarantor, as applicable, shall refer instead to the successor Person and not to the Company, such Issuer or such Subsidiary Guarantor, as applicable), and may
exercise every right and power of the Company, such Issuer or such Subsidiary Guarantor, as applicable, under this Indenture with the same effect as if such successor Person had been named as the Company, an Issuer or a Subsidiary Guarantor, as
applicable, herein; provided that the predecessor Company, predecessor Issuers and predecessor Subsidiary Guarantors shall not be relieved from the obligation to pay the principal of and interest on the Notes except in the case of a sale,
assignment, transfer, lease, conveyance or other disposition of all of the Company’s, an Issuer’s or a Subsidiary Guarantor’s assets that meets the requirements of Section 5.01 hereof. 

ARTICLE 6 
 DEFAULTS AND REMEDIES

 Section 6.01 Events of Default. 

An “Event of Default,” wherever used herein, means any one of the following events (whatever the reason for such Event
of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

(a) default in payment when due and payable, upon redemption, acceleration or otherwise, of principal of, or premium, if any, on, the Notes;

 (b) default for 30 days or more in the payment when due of interest on or with respect to the Notes; 

  
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 (c) failure by the Issuers or any Guarantor for 60 days after receipt of written notice
given by the Trustee or the Holders of not less than 25% in principal amount of the then outstanding Notes to comply with any of its obligations, covenants or agreements (other than a default referred to in clause (a) or (b) above) contained in
this Indenture or the Notes; 
 (d) default under any mortgage, indenture or instrument under which there is issued or by which there is
secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries, other than Indebtedness owed to the Company or
a Restricted Subsidiary, whether such Indebtedness or guarantee now exists or is created after the issuance of the Notes, if both: 

(i) such default either results from the failure to pay any principal of such Indebtedness at its stated final maturity (after
giving effect to any applicable grace periods) or relates to an obligation other than the obligation to pay principal of any such Indebtedness at its stated final maturity and results in the holder or holders of such Indebtedness causing such
Indebtedness to become due prior to its stated maturity; and 
 (ii) the principal amount of such Indebtedness, together with
the principal amount of any other such Indebtedness in default for failure to pay principal at stated final maturity (after giving effect to any applicable grace periods), or the maturity of which has been so accelerated, aggregate
$50.0 million or more at any one time outstanding; 
 (e) failure by the Company or any Significant Subsidiary (or any group of
Restricted Subsidiaries that together (determined as of the most recent consolidated financial statements of the Company for a fiscal quarter end provided as required under Section 4.03 hereof) would constitute a Significant Subsidiary) to pay
final judgments aggregating in excess of $50.0 million (net of amounts covered by insurance policies issued by reputable insurance companies), which final judgments remain unpaid, undischarged and unstayed for a period of more than 60 days
after such judgment becomes final, and in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon such judgment or decree which is not promptly stayed; 

(f) the Company or any of its Subsidiaries that is a Significant Subsidiary (or any group of Restricted Subsidiaries that, taken together,
would constitute a Significant Subsidiary) (in each case determined as of the most recent consolidated financial statements of the Issuer for a fiscal quarter end provided as required under Section 4.03 hereof), pursuant to or within the
meaning of any Bankruptcy Law: 
 (i) commences proceedings to be adjudicated bankrupt or insolvent; 

(ii) consents to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or
answer or consent seeking reorganization or relief under applicable Bankruptcy Law; 
 (iii) consents to the appointment of a
receiver, liquidator, assignee, trustee, sequestrator or other similar official of it or for all or substantially all of its property; 

  
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 (iv) makes a general assignment for the benefit of its creditors; or 

(v) generally is not paying its debts as they become due; 

(g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Company or any of its Subsidiaries that is a Significant Subsidiary (or any group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary)(in each case determined as of the most recent consolidated financial statements of the Company for a fiscal quarter end provided as required under Section 4.03
hereof), in a proceeding in which the Company or any such Subsidiary or such group of Restricted Subsidiaries is to be adjudicated bankrupt or insolvent; 

(ii) appoints a receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any of its
Subsidiaries that is a Significant Subsidiary (or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary)(in each case determined as of the most recent consolidated financial statements of the Company
for a fiscal quarter end provided as required under Section 4.03 hereof) or for all or substantially all of the property of the Company or any such Subsidiary or such group of Restricted Subsidiaries; or 

(iii) orders the liquidation of the Company or any of its Subsidiaries that is a Significant Subsidiary (or any group of
Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) (in each case determined as of the most recent consolidated financial statements of the Company for a fiscal quarter end provided as required under
Section 4.03 hereof); 
 and the order or decree remains unstayed and in effect for 60 consecutive days; or 

(h) the Guarantee of any Significant Subsidiary (or any group of Restricted Subsidiaries that together (determined as of the most recent
consolidated financial statements of the Company for a fiscal quarter end provided as required under Section 4.03 hereof) would constitute a Significant Subsidiary) shall for any reason cease to be in full force and effect or be declared null
and void or any responsible officer of any Subsidiary Guarantor that is a Significant Subsidiary (or the responsible officers of any group of Restricted Subsidiaries that together (as of the most recent consolidated financial statement of the
Company for a fiscal quarter end) would constitute a Significant Subsidiary), as the case may be, denies in writing that it has any further liability under its Guarantee or gives written notice to such effect, other than by reason of the termination
of this Indenture or the release of any such Guarantee in accordance with this Indenture. 
 Section 6.02
Acceleration. If any Event of Default (other than of a type specified in Section 6.01(f) or Section 6.01(g) hereof) occurs and is continuing under this Indenture, the Trustee or the Holders of at least 25% in principal amount of the
then total outstanding Notes may declare the principal of, and premium, if any, interest and any other monetary obligations on, all the then outstanding Notes to be due and payable immediately. 

  
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 Upon the effectiveness of such declaration, such principal, premium, if any, and interest
will be due and payable immediately. 
 Notwithstanding the foregoing, in the case of an Event of Default arising under Section 6.01(f)
or Section 6.01(g) hereof, all outstanding Notes will become due and payable without further action or notice. The Trustee may withhold from the Holders notice of any continuing Default, except a Default relating to the payment of principal,
premium, if any, or interest, if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interest of the Holders. In addition, the Trustee will have no obligation to accelerate the Notes.

 The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may on behalf of
all the Holders rescind any acceleration with respect to the Notes (except if such rescission would conflict with any judgment of a court of competent jurisdiction). 

In the event of any Event of Default specified in Section 6.01(d) hereof, such Event of Default and all consequences thereof (excluding
any resulting payment default, other than as a result of acceleration of the Notes) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if within 20 days after such Event of Default arose:

 (a) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged; 

(b) holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default; or

 (c) the default that is the basis for such Event of Default has been cured. 

Section 6.03 Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy to collect the payment of principal of, and premium, if any, and interest on, the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law. 
 Section 6.04 Waiver of Past Defaults. The Holders of a
majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may on behalf of all the Holders waive any existing Default and its consequences under this Indenture (except a continuing Default in the payment
of interest on, premium, if any, on, or the principal of any Note held by a non-consenting Holder) (including in connection with an Asset Sale Offer or a Change of Control Offer). Upon any such waiver, such
Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent
thereon. 

  
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 Section 6.05 Control by Majority. The Holders of a majority
in principal amount of the total outstanding Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. The Trustee,
however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder of a Note (it being understood that the Trustee does not have an affirmative
duty to ascertain whether any such direction unduly prejudices the rights of such other Holder) or that would involve the Trustee in personal liability. 

Section 6.06 Limitation on Suits. Subject to Section 6.07 hereof, no Holder of a Note may pursue any
remedy with respect to this Indenture or the Notes unless: 
 (a) such Holder has previously given the Trustee written notice that an Event
of Default is continuing; 
 (b) Holders of at least 25% in principal amount of the total outstanding Notes have made a written request to
the Trustee to pursue the remedy; 
 (c) Holders of the Notes have offered the Trustee security or indemnity satisfactory to the Trustee
against any loss, liability or expense; 
 (d) the Trustee has not complied with such request within 60 days after the receipt thereof and
the offer of security or indemnity; and 
 (e) Holders of a majority in principal amount of the total outstanding Notes have not given the
Trustee a direction inconsistent with such request within such 60-day period; 
 provided that a Holder may
not prejudice the rights of another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether any such use by a Holder prejudices the rights of any other Holders or obtains preference or priority over such
Holders). 
 Section 6.07 Rights of Holders to Receive Payment. Notwithstanding any other provision of this
Indenture, the right of any Holder of a Note to receive payment of principal of, and premium, if any, and interest on, the Note on or after the respective due dates expressed in the Note, or to bring suit for the enforcement of any such payment on
or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 6.08 Collection Suit by Trustee. If an Event of Default specified in Section 6.01(a) or 6.01(b)
hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuers for the whole amount of principal, premium, if any, and interest remaining unpaid with respect to
the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel. 

  
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 Section 6.09 Restoration of Rights and Remedies. If the
Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then
and in every such case, subject to any determination in such proceedings, the Issuers, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee
and the Holders shall continue as though no such proceeding has been instituted. 
 Section 6.10 Rights and
Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07 hereof, no right or remedy herein conferred upon or reserved to the Trustee or to the
Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or
in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.11 Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of a Note to
exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article 6 or by law to the
Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.12 Trustee May File Proofs of Claim. The Trustee is authorized to file such proofs of claim and
other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders
allowed in any judicial proceedings relative to the Issuers (or any other obligor upon the Notes including the Guarantors), its creditors or its property and shall be entitled and empowered to participate as a member in any official committee of
creditors appointed in such matter and to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such
payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee under Section 7.06 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends,
money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the
Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding. 

  
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 Section 6.13 Priorities. If the Trustee or any Agent
collects any money or property pursuant to this Article 6, it shall pay out the money in the following order: 
 (a) to the Trustee, such
Agent, their agents and attorneys for amounts due under Section 7.06 hereof, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee or such Agent and the costs and expenses of collection;

 (b) to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest, ratably, without preference or
priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

(c) to the Issuers or to such party as a court of competent jurisdiction shall direct, including a Guarantor, if applicable. The Trustee may
fix a record date and payment date for any payment to Holders pursuant to this Section 6.13. 
 Section 6.14
Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any
party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard
to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.14 does not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to Section 6.07 hereof, or a suit by Holders of more than
10% in principal amount of the then outstanding Notes. 
 ARTICLE 7 

TRUSTEE 

Section 7.01 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements 

  
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of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the
certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not investigate or confirm the accuracy of mathematical calculations or other facts stated therein). 

(c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (i) this paragraph does not limit the effect of Section 7.01(b) hereof; 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved
in a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Sections 6.02, 6.04 or 6.05 hereof. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
Sections 7.01(a), 7.01(b) and 7.01(c) hereof. 
 (e) Subject to Section 7.01, if an Event of Default occurs and is continuing, the
Trustee will be under no obligation to exercise any of its rights or powers under this Indenture at the request or direction of any of the Holders of the Notes unless such Holder(s) have offered to the Trustee indemnity or security satisfactory to
the Trustee against any loss, liability or expense. 
 (f) The Trustee shall not be liable for interest on any money received by it except as
the Trustee may agree in writing with the Issuers. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 7.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person.
The Trustee need not investigate any fact or matter stated in the document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make
such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company and its Restricted Subsidiaries, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or
additional liability of any kind by reason of such inquiry or investigation. 
 (b) Before the Trustee acts or refrains from acting, it may
require an Officer’s Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may
consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith
and in reliance thereon. 

  
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 (c) The Trustee may act through its attorneys and agents and shall not be responsible for
the misconduct or negligence of any agent or attorney appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes
or omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e)
Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuers shall be sufficient if signed by an Officer of each of the Issuers. 

(f) None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise to incur any liability,
financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or indemnity satisfactory to it against such
risk or liability is not assured to it. 
 (g) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee at the Corporate Trust Office, and such notice references the Notes and this Indenture.

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

(i) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(j) Delivery of reports, information and documents (including without limitation reports contemplated under Section 4.03 hereof) to the
Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute actual or constructive notice or knowledge of any information contained therein or determinable from information contained therein, including the
Issuers’ compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

(k) The permissive rights of the Trustee to take certain actions under this Indenture shall not be construed as a duty unless so specified
herein. 
 (l) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.

  
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 Section 7.03 Individual Rights of Trustee. The Trustee in
its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or any of its Affiliates with the same rights it would have if it were not Trustee. The Trustee is also subject to Section 7.09
hereof. 
 Section 7.04 Trustee’s Disclaimer. The Trustee shall not be responsible for
and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Issuers’ use of the proceeds from the Notes or any money paid to the Issuers or upon the Issuers’ direction
under any provision of this Indenture, it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in
the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture. 

Section 7.05 Notice of Defaults. If a Default occurs and is continuing and if it is known to the Trustee as
provided in Section 7.02(g) hereof, the Trustee shall deliver to Holders a notice of the Default within 90 days after it occurs. Except in the case of a default relating to the payment of principal, premium, if any, or interest on any Note, the
Trustee may withhold from the Holders notice of any continuing Default if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interest of the Holders. 

Section 7.06 Compensation and Indemnity. The Issuers shall pay to the Trustee from time to time such
compensation for its acceptance of this Indenture and services hereunder as the parties shall agree in writing from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The
Issuers shall reimburse the Trustee promptly upon request for all out-of-pocket disbursements, advances and expenses incurred or made by it in addition to the
compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

The Company, the Issuers and the Subsidiary Guarantors, jointly and severally, shall indemnify, defend, and protect the Trustee (in any
capacity under this Indenture or any other document or transaction entered into in connection with this Indenture) and its officers, directors, employees, agents and any predecessor trustee and its officers, directors, employees and agents for, and
hold the Trustee harmless against, any and all loss, damage, claims, liability, cost or expense (including taxes (other than taxes based upon, or measured by or determined by the income of the Trustee)) suffered or incurred by it in connection with
the acceptance or administration of this trust and the performance of its duties hereunder (including the costs and expenses (including reasonable attorneys’ fees and court costs) of enforcing this Indenture against the Company, the Issuers or
any of the Subsidiary Guarantors (including this Section 7.06) or defending itself against any claim whether asserted by any Holder, the Company, the Issuers or any Subsidiary Guarantor, or liability in connection with the acceptance, exercise
or performance of any of its powers or duties hereunder). The Trustee shall notify the Issuers promptly of any claim of which a Responsible Officer has received written notice for which it may seek indemnity. Failure by the Trustee to so notify the
Issuers shall not relieve the Issuers of their obligations hereunder. The Issuers shall defend the claim and the Trustee may have separate counsel and the Issuers shall pay the fees and expenses of such counsel. The Issuers need not reimburse any
expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence as determined by a court of competent jurisdiction in a final,
non-appealable judgement. 

  
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 The obligations of the Issuers under this Section 7.06 shall survive the satisfaction
and discharge of this Indenture or the earlier resignation or removal of the Trustee. 
 To secure the payment obligations of the Company,
the Issuers and the Subsidiary Guarantors in this Section 7.06, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and
interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture. 
 When the Trustee incurs expenses
or renders services after an Event of Default specified in Section 6.01(f) or 6.01(g) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute
expenses of administration under any Bankruptcy Law. 
 Section 7.07 Replacement of Trustee. (a) A
resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.07. The Trustee may resign in writing at any time
and be discharged from the trust hereby created by so notifying the Issuers. The Holders of a majority in principal amount of the Notes then outstanding may remove the Trustee upon 30 days written notice to the Trustee and the Issuers. The Issuers
may remove the Trustee if: 
 (b) the Trustee fails to comply with Section 7.09 hereof; 

(c) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

 (d) a custodian or public officer takes charge of the Trustee or its property; or 

(e) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Issuers shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the Notes then outstanding may appoint a successor Trustee to replace the successor Trustee appointed by the Issuers. 

If a successor Trustee does not take office within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee (at the
Issuers’ expense), the Issuers or the Holders of at least 10% in principal amount of the then outstanding Notes, at the expense of the Issuers, may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.09
hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

  
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 A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Issuers. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall
mail a notice of its succession to Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to the Trustee hereunder have been paid and subject to the Lien
provided for in Section 7.06 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.07, the Issuers’ obligations under Section 7.06 hereof shall continue for the benefit of the retiring Trustee. 

Section 7.08 Successor Trustee by Merger, etc. If the Trustee consolidates, merges or converts into, or
transfers all or substantially all of its corporate trust business to, another corporation, the successor corporation without any further act shall be the successor Trustee. 

Section 7.09 Eligibility; Disqualification. There shall at all times be a Trustee hereunder that is a
corporation organized and doing business under the laws of the United States or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state
authorities and that has, together with its parent, a combined capital and surplus of at least $50.0 million as set forth in its most recent published annual report of condition. 

ARTICLE 8 
 LEGAL DEFEASANCE AND
COVENANT DEFEASANCE 
 Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers
may, at their option and at any time, elect to have either Section 8.02 or Section 8.03 hereof applied to all outstanding Notes and all obligations of the Guarantors with respect to the Guarantees upon compliance with the conditions set
forth below in this Article 8. 
 Section 8.02 Legal Defeasance and Discharge. Upon the
Issuers’ exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have
been discharged from their obligations with respect to all outstanding Notes and Guarantees, respectively, and all then existing Events of Default cured on the date the conditions set forth below are satisfied (“Legal
Defeasance”). For this purpose, Legal Defeasance means that the Issuers and the Guarantors shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes (including the Guarantees), which shall
thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (a) and (b) below, and to have satisfied all their other obligations under
such Notes and this Indenture (including that of the Guarantors) (and the Trustee, on demand of and at the expense of the Issuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive
until otherwise terminated or discharged hereunder: 
 (a) the rights of Holders of Notes to receive payments in respect of the principal of,
premium, if any, on, and interest on the Notes when such payments are due solely out of the trust created pursuant to this Indenture referred to in Section 8.04 hereof; 

  
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 (b) the Issuers’ obligations with respect to Notes concerning issuing temporary Notes,
registration of such Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for security payments held in trust; 

(c) the rights, powers, trusts, duties and immunities of the Trustee, and the Issuers’ obligations in connection therewith; and 

(d) this Article 8. 
 Subject to compliance with
this Article 8, the Issuers may exercise their option under this Section 8.02 notwithstanding the prior exercise of their option under Section 8.03 hereof. 

Section 8.03 Covenant Defeasance. Upon the Issuers’ exercise under Section 8.01 hereof of the option applicable to this
Section 8.03, the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from their obligations under the covenants contained in Sections 4.03, 4.04, 4.05, 4.07, 4.08,
4.09, 4.10, 4.11, 4.12, 4.13, 4.14 and 4.15 hereof and Sections 5.01(a)(iv), 5.01(a)(v), 5.01(b) and 5.01(c) hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are satisfied
(“Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in
connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes may not be deemed outstanding for accounting purposes). For this purpose, Covenant
Defeasance means that, with respect to the outstanding Notes and the Guarantees, the Issuers and the Guarantors may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant,
whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not
constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes and the Guarantees shall be unaffected thereby. In addition, upon the Issuers’ exercise
under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(c) (solely with respect to the covenants that are released
upon a Covenant Defeasance), 6.01(d), 6.01(e), 6.01(f) (solely with respect to Restricted Subsidiaries subject thereto), 6.01(g) (solely with respect to Restricted Subsidiaries subject thereto) and 6.01(h) hereof shall not constitute Events of
Default. 
 Section 8.04 Conditions to Legal or Covenant Defeasance. The following shall be the conditions
to the application of either Section 8.02 or Section 8.03 hereof to the outstanding Notes: 
 (a) the Issuers must irrevocably
deposit with the Trustee, in trust, for the benefit of the Holders of the Notes, cash in U.S. dollars, non-callable U.S. dollar-denominated Government Securities, or a combination thereof, in such amounts as
will be sufficient, without consideration of any reinvestment of interest, to pay the principal of, and premium, if any, and interest due on, the Notes on the stated maturity date or on the Redemption Date, as the case may be, of such principal,
premium, if any, or interest with respect to such Notes, and the Issuers must specify 

  
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whether such Notes are being defeased to maturity or to a particular Redemption Date; provided that if any non-callable U.S. dollar-denominated
Government Securities are deposited with the Trustee, the Issuers shall provide an opinion of a nationally recognized firm of independent public accountants as to the sufficiency of the amount of such securities deposited; provided, further,
that upon any redemption that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium
calculated as of the date of the notice of redemption, with any deficit as of the date of redemption (any such amount, the “Applicable Premium Deficit”) only required to be deposited with the Trustee on or prior to the date
of redemption (it being understood that any defeasance shall be subject to the condition subsequent that such deficit is in fact paid); provided, further, that the Trustee shall have no liability whatsoever in the event that such
Applicable Premium Deficit is not in fact paid after any defeasance. Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee simultaneously with the deposit of such Applicable Premium Deficit that
confirms that such Applicable Premium Deficit shall be applied toward such redemption; 
 (b) in the case of Legal Defeasance, the Issuers
shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, 

(i) the Issuers have received from, or there has been published by, the United States Internal Revenue Service a ruling, or

 (ii) since the issuance of the Notes, there has been a change in the applicable U.S. federal income tax law, 

in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, subject to customary assumptions and exclusions, the Holders
and beneficial owners of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes, as applicable, as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same
manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (c) in the case of Covenant
Defeasance, the Issuers shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the Holders and beneficial owners of the Notes will not
recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to such tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant
Defeasance had not occurred; 
 (d) no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such
deposit and any similar and simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens in connection therewith) shall have occurred and be continuing on the date of such deposit; 

  
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 (e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation
of, or constitute a default under the Senior Credit Facilities or any other material agreement or instrument (other than this Indenture) to which, the Issuers or any Guarantor is a party or by which the Issuers or any Guarantor is bound (other than
that resulting from any borrowing of funds to be applied to make the deposit required to effect such Legal Defeasance or Covenant Defeasance and any similar and simultaneous deposit relating to other Indebtedness, and, in each case, the granting of
Liens in connection therewith); 
 (f) the Issuers shall have delivered to the Trustee an Officer’s Certificate stating that the deposit
was not made by the Issuers with the intent of defeating, hindering, delaying or defrauding any creditors of the Issuers or any Guarantor or others; and 

(g) the Issuers shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (which Opinion of Counsel may be
subject to customary assumptions and exclusions) each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with. 

Notwithstanding the foregoing, the Opinion of Counsel required by clause (b) above with respect to Legal Defeasance need not be delivered
if all Notes theretofore delivered to the Trustee for cancellation (i) have become due and payable by reason of the making of a notice of redemption or otherwise, (ii) will become due and payable within one year or (iii) are to be
called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Issuers. 

Section 8.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions.
Subject to Section 8.06 hereof, all money and Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the
“Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either
directly or through any Paying Agent (including the Issuers or a Guarantor acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium and interest,
but such money need not be segregated from other funds except to the extent required by law. 
 The Issuers shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the cash or Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or
other charge which by law is for the account of the Holders of the outstanding Notes. 
 Anything in this Article 8 to the contrary
notwithstanding, the Trustee shall deliver or pay to the Issuers from time to time upon the request of the Issuers any money or Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized
firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(a) hereof), are in excess of the amount thereof that would then be required to
be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

  
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 Section 8.06 Repayment to Issuers. Subject to any
applicable abandoned property law, any money deposited with the Trustee or any Paying Agent, or then held by the Issuers, in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years
after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuers on its request or (if then held by the Issuers) shall be discharged from such trust; and the Holder of such Note shall thereafter look
only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuers as trustee thereof, shall thereupon cease. 

Section 8.07 Reinstatement. If the Trustee or Paying Agent is unable to apply any U.S. dollars or Government
Securities in accordance with Section 8.02 or Section 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the
Issuers’ and the Guarantors’ obligations under this Indenture and the Notes and the Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or Section 8.03 hereof until such time as
the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or Section 8.03 hereof, as the case may be; provided that, if the Issuers make any payment of principal of, premium, if any, or
interest on any Note following the reinstatement of its obligations, the Issuers shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 

ARTICLE 9 
 AMENDMENT, SUPPLEMENT
AND WAIVER 
 Section 9.01 Without Consent of Holders. Notwithstanding Section 9.02 hereof, the
Issuers, the Guarantors and the Trustee may amend or supplement this Indenture or the Notes without the consent of any Holder: 
 (a) to cure
any ambiguity, omission, mistake, defect or inconsistency; 
 (b) to provide for uncertificated Notes in addition to or in place of
certificated Notes (provided that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Internal Revenue Code); 

(c) to comply with Section 5.01 hereof; 

(d) to provide for the assumption of either of the Issuers’ or any Guarantor’s obligations to the Holders; 

(e) to make any change that would provide any additional rights or benefits to the Holders or that does not materially adversely affect the
legal rights under this Indenture of any such Holder; 
 (f) to add covenants for the benefit of the Holders or to surrender any right or
power conferred upon the Issuers or any Guarantor; 
 (g) to comply with the rules of any applicable securities depositary; 

  
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 (h) to evidence and provide for the acceptance and appointment under this Indenture of a
successor Trustee hereunder pursuant to the requirements hereof; 
 (i) to add a Guarantor under this Indenture; 

(j) to conform the text of this Indenture or the Notes to any provision of the “Description of notes” section of the Offering
Memorandum to the extent that such provision in such “Description of notes” section was intended to be a verbatim recitation of a provision of this Indenture or the Notes; or 

(k) to make any amendment to the provisions of this Indenture relating to the transfer and legending of Notes as permitted by this Indenture,
including, without limitation, to facilitate the issuance and administration of the Notes; provided that (a) compliance with this Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or
any applicable securities law and (b) such amendment does not materially and adversely affect the rights of Holders to transfer Notes. 

Upon the request of the Issuers accompanied by a resolution of each of their board of directors authorizing the execution of any such amended
or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02(b) hereof and an Opinion of Counsel that any such amended or supplemental indenture is authorized or permitted by this Indenture, the Trustee
shall join with the Issuers and the Guarantors in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein
contained, but the Trustee shall have the right, but not be obligated to, enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

Section 9.02 With Consent of Holders. Except as provided in Section 9.01 hereof and this
Section 9.02, the Issuers, the Guarantors and the Trustee may amend or supplement this Indenture and the Notes with the consent of the Holders of a majority in principal amount of the Notes then outstanding, including consents obtained in
connection with a purchase of, or tender offer or exchange offer for, and, subject to Sections 6.04 and 6.07 hereof, Notes, and any existing Default (except a continuing Default in the payment of interest, premium, if any, or the principal on
maturity with respect to any Note held by a non-consenting Holder) or compliance with any provision of this Indenture or the Notes issued thereunder may be waived with the consent of the Holders of a majority
in principal amount of the then outstanding Notes, other than Notes beneficially owned by the Issuers or its Affiliates (including consents obtained in connection with a purchase of or tender offer or exchange offer for the Notes). Sections 2.08 and
2.09 hereof shall determine which Notes are considered to be “outstanding” for the purposes of this Section 9.02. 
 Upon the
request of the Issuers accompanied by a resolution of each of their board of directors authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the
consent of the Holders as aforesaid, the Trustee shall join with the Issuers and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture. 

  
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 It shall not be necessary for the consent of the Holders under this Section 9.02 to
approve the particular form of any proposed amendment or waiver, but it shall be sufficient if such consent approves the substance thereof. 

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Issuers shall mail to the Holders affected
thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuers to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amended or supplemental
indenture or waiver. 
 Without the consent of each affected Holder of Notes, an amendment or waiver under this Section 9.02 may not,
with respect to any Notes held by a non-consenting Holder: 
 (a) reduce the principal amount of such
Notes whose Holders must consent to an amendment, supplement or waiver; 
 (b) reduce the principal of or change the fixed final maturity of
any such Note or alter or waive the provisions with respect to the redemption of such Notes (other than provisions relating to Sections 3.09, 4.10 and 4.14 hereof); 

(c) reduce the rate of or change the time for payment of interest on any Note; 

(d) waive a Default in the payment of principal of or premium, if any, or interest on the Notes, except a rescission of acceleration of the
Notes by the Holders of a majority in aggregate principal amount of the Notes and a waiver of the payment default that resulted from such acceleration, or in respect of a covenant or provision contained in this Indenture or any Guarantee which
cannot be amended or modified without the consent of all Holders; 
 (e) make any Note payable in money other than that stated therein; 

(f) make any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders to receive payments of
principal of or premium, if any, or interest on the Notes; 
 (g) make any change in these amendment and waiver provisions; 

(h) impair the right of any Holder to receive payment of principal of, or premium, if any, or interest on such Holder’s Notes on or after
the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; 
 (i) make
any change to or modify the ranking of the Notes that would materially adversely affect the Holders; or 
 (j) except as expressly permitted
by this Indenture, modify the Guarantees of any Significant Subsidiary in any manner adverse to the Holders of the Notes. 

  
 121 

 No amendment to, or deletion of any of the covenants described under Article 4 hereof (other
than Section 4.01), or action taken in compliance with the covenants in effect at the time of such action, shall be deemed to impair or affect any rights of any Holders of the Notes to receive payment of principal of or premium, if any, or
interest on the Notes or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes. 

Section 9.03 Revocation and Effect of Consents. Until an amendment, supplement or waiver becomes effective, a
consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not
made on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An
amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 
 The Issuers may, but
shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment, supplement, or waiver. If a record date is fixed, then, notwithstanding the preceding paragraph, those Persons who were
Holders at such record date (or their duly designated proxies), and only such Persons, shall be entitled to consent to such amendment, supplement, or waiver or to revoke any consent previously given, whether or not such Persons continue to be
Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date unless the consent of the requisite number of Holders has been obtained. 

Section 9.04 Notation on or Exchange of Notes. The Trustee may place an appropriate notation about an
amendment, supplement or waiver on any Note thereafter authenticated. The Issuers in exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or
waiver. 
 Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment,
supplement or waiver. 
 Section 9.05 Trustee to Sign Amendments, etc. The Trustee shall sign any
amendment, supplement or waiver authorized pursuant to this Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. In executing any amendment, supplement or waiver, the
Trustee shall be provided with, upon request, and (subject to Section 7.01 hereof) shall be fully protected in relying upon, in addition to the documents required by Section 12.03 hereof, an Officer’s Certificate and an Opinion of
Counsel each stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture and that such amendment, supplement or waiver is the legal, valid and binding obligation of the Issuers and any Guarantors
party thereto, enforceable against them in accordance with its terms, subject to customary exceptions, and complies with the provisions hereof. 

  
 122 

 ARTICLE 10 

GUARANTEES 

Section 10.01 Guarantee. Subject to this Article 10, each of the Guarantors hereby, jointly and severally,
irrevocably and unconditionally, guarantees on a senior unsecured basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this
Indenture, the Notes or the obligations of the Issuers hereunder or thereunder: (a) the full and punctual payment when due, whether at maturity, by acceleration or otherwise, of all obligations of the Issuers under this Indenture and the Notes,
whether for payment of principal of, premium, if any, or interest on the Notes, expenses, indemnification or otherwise, all in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any
Notes or any of such other obligations, that same shall be promptly paid in full when due in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so
guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

The Guarantors hereby agree that their obligations hereunder shall be unconditional, irrespective of the validity, regularity or
enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuers, any action to
enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event
of insolvency or bankruptcy of the Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever and covenants that this Guarantee shall not be discharged except by full payment of the obligations
contained in the Notes and this Indenture. 
 Each Guarantor also agrees to pay any and all costs and expenses (including reasonable
attorneys’ fees) incurred by the Trustee or any Holder in enforcing any rights under this Section 10.01. 
 If any Holder or the
Trustee is required by any court or otherwise to return to the Issuers, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid either to the Trustee
or such Holder, this Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 
 Each Guarantor agrees
that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the
Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Guarantee, notwithstanding any
stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations
(whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of this Guarantee. The Guarantors shall have the right to seek contribution from any nonpaying Guarantor so long as the exercise of such right
does not impair the rights of the Holders under the Guarantees. 

  
 123 

 Each Guarantee shall remain in full force and effect and continue to be effective should any
petition be filed by or against the Issuers for liquidation, reorganization, should the Issuers become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the
Issuers’ assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must
otherwise be restored or returned by any obligee on the Notes or Guarantees, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment had not been made. In the event that any payment or
any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 

In case any provision of any Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby. 
 The Guarantee issued by any Guarantor will be a general, unsecured
senior obligation of each Guarantor and will be pari passu in right of payment with all existing and future unsubordinated Indebtedness of such Guarantor, if any. 

Each payment to be made by a Guarantor in respect of its Guarantee shall be made without set-off,
counterclaim, reduction or diminution of any kind or nature. 
 Section 10.02 Limitation on Guarantor
Liability. Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of
Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the
Guarantors hereby irrevocably agree that the obligations of each Guarantor shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant
under such laws and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the
obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law. Any Guarantor that makes a payment under its Guarantee will be entitled upon payment in full of all guaranteed
obligations under this Indenture to a contribution from each other Guarantor in an amount equal to such other Guarantor’s pro rata portion of such payment based on the respective net assets of all the Guarantors at the time of such payment
determined in accordance with GAAP. 

  
 124 

 Section 10.03 Execution and Delivery. To evidence its
Guarantee set forth in Section 10.01 hereof, each Guarantor hereby agrees that a notation of such Guarantee substantially in the form attached as Exhibit D hereto will be endorsed by the Chairman of the board of directors, the Chief
Executive Officer, the Chief Financial Officer, the Chief Accounting Officer, the President, any Executive Vice President or Senior Vice President, the Treasurer or the Secretary of such Guarantor (or its general partner or managing member) on each
Note authenticated and delivered by the Trustee and that this Indenture or a supplement hereto will be executed on behalf of such Guarantor by one of such officers. 

Each Guarantor hereby agrees that its Guarantee set forth in Section 10.01 hereof shall be and remain in full force and effect
notwithstanding any failure to endorse on each Note a notation of such Guarantee on the Notes. 
 If an Officer whose signature is on this
Indenture no longer holds that office at the time the Trustee authenticates the Note, the Guarantee shall be valid nevertheless. 
 The
delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guarantee set forth in this Indenture on behalf of the Guarantors. 

If required by Section 4.15 hereof, the Issuers shall cause any Restricted Subsidiary to comply with the provisions of Section 4.15
hereof and this Article 10, to the extent applicable. 
 Section 10.04 Subrogation. Each Guarantor shall be
subrogated to all rights of Holders against the Issuers in respect of any amounts paid by any Guarantor pursuant to the provisions of Section 10.01 hereof; provided that, if an Event of Default has occurred and is continuing, no
Guarantor shall be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuers under this Indenture or the Notes shall have been paid in full. 

Section 10.05 Benefits Acknowledged. Each Guarantor acknowledges that it will receive direct and indirect
benefits from the financing arrangements contemplated by this Indenture and that the guarantee and waivers made by it pursuant to its Guarantee are knowingly made in contemplation of such benefits. 

Section 10.06 Release of Guarantees. Each Guarantee by a Guarantor will be automatically and unconditionally
released and discharged, and no further action by such Guarantor, the Issuers or the Trustee is required for the release of such Guarantor’s Guarantee, upon: 

(a) (i) any sale, exchange or transfer (by merger, amalgamation, consolidation, business combination or otherwise) of (A) the Capital
Stock of such Guarantor, after which the applicable Guarantor is no longer a Restricted Subsidiary or (B) all or substantially all the assets of such Guarantor, in each case if such sale, exchange or transfer is made in compliance with the
applicable provisions of this Indenture to the extent required to be satisfied as of the date of the transaction; 
 (ii) the
release or discharge of the guarantee by such Guarantor of Indebtedness under the Senior Credit Facilities, or such other guarantee that resulted in the creation of such Guarantee, except a discharge or release by or as a result of payment under
such guarantee (it being understood that a release subject to a contingent reinstatement is still a release, and that if any such Guarantee is so reinstated, such Guarantee shall also be reinstated to the extent that such Guarantor would then be
required to provide a Guarantee pursuant to Section 4.15 hereof); 

  
 125 

 (iii) the designation of any Restricted Subsidiary that is a Guarantor as an
Unrestricted Subsidiary in compliance with the applicable provisions of this Indenture upon the liquidation or dissolution of such Guarantor; provided no Default or Event of Default occurs as a result thereof or has occurred or is continuing; 

(iv) upon such Guarantor consolidating with, merging into or transferring all of its properties or assets to either of the
Issuers or another Guarantor, and as a result of, or in connection with, such transaction such Guarantor dissolves or otherwise ceases to exist; or 

(v) the exercise by the Issuers of their Legal Defeasance option or Covenant Defeasance option in accordance with Article 8
hereof or the discharge of the Issuers’ obligations under this Indenture in accordance with the terms of this Indenture; and 
 (b) such
Guarantor delivering to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for in this Indenture relating to such transaction have been complied with and such Guarantee is the
legal, valid and binding obligation of the Guarantor, enforceable against it in accordance with its terms. 
 ARTICLE 11 

SATISFACTION AND DISCHARGE 

Section 11.01 Satisfaction and Discharge. This Indenture will be discharged and will cease to be of further
effect as to all Notes, when either: 
 (a) all Notes theretofore authenticated and delivered, except lost, stolen or destroyed Notes which
have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust, have been delivered to the Trustee for cancellation; or 

(b) (i) all Notes not theretofore delivered to the Trustee for cancellation have become due and payable by reason of the making of a notice of
redemption or otherwise, will become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the
expense, of the Issuers and the Issuers or any Guarantor have irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders of the Notes, cash in U.S. dollars, non-callable U.S. dollar-denominated Government Securities, or a combination thereof, in such amounts as will be sufficient without consideration of any reinvestment of interest to pay and discharge the entire
indebtedness on the Notes not theretofore delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the date of maturity or redemption; provided that if any
non-callable U.S. dollar-denominated Government Securities are deposited with the Trustee, the Issuers shall provide an opinion of a nationally recognized firm of independent accountants as to the sufficiency
of the amount of securities deposited; provided further that upon any redemption that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for 

  
 126 

 
purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated as of the date of the notice of redemption, with any Applicable
Premium Deficit only required to be deposited with the Trustee on or prior to the date of redemption (it being understood that any discharge shall be subject to the condition subsequent that such deficit is in fact paid); provided,
further, that the Trustee shall have no liability whatsoever in the event that such Applicable Premium Deficit is not in fact paid after any discharge. Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate
delivered to the Trustee simultaneously with the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption, 

(ii) no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit or any
similar and simultaneous deposit relating to other Indebtedness and the granting of Liens in connection therewith) with respect to this Indenture or the Notes shall have occurred and be continuing on the date of such deposit or shall occur as a
result of such deposit and such deposit will not result in a breach or violation of, or constitute a default under the Senior Credit Facilities or any other material agreement or instrument (other than this Indenture) to which the Issuers or any
Guarantor is a party or by which the Issuers or any Guarantor is bound (other than resulting from any borrowing of funds to be applied to make such deposit and any similar and simultaneous deposit relating to other Indebtedness and, in each case,
the granting of Liens in connection therewith); 
 (iii) the Issuers have paid or caused to be paid all sums payable by it
under this Indenture; and 
 (iv) the Issuers have delivered irrevocable instructions to the Trustee to apply the deposited
money toward the payment of the Notes at maturity or the Redemption Date, as the case may be. 
 In addition, the Issuers must deliver an
Officer’s Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied. 

Notwithstanding the satisfaction and discharge of this Indenture, if money shall have been deposited with the Trustee pursuant to
Section 11.01(b)(i) hereof, the provisions of Sections 11.02 and 8.06 hereof shall survive such satisfaction and discharge. 

Section 11.02 Application of Trust Money. Subject to the provisions of Section 8.06 hereof, all money
and Government Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 11.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment,
either directly or through any Paying Agent (including the Issuers or a Guarantor acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment
such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

The Issuers shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or Government
Securities deposited pursuant to Section 11.01 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes. 

  
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 If the Trustee or Paying Agent is unable to apply any money or Government Securities in
accordance with Section 11.01 hereof by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuers’ and any
Guarantor’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01 hereof; provided that if the Issuers have made any payment of principal of,
premium, if any, or interest on any Notes because of the reinstatement of its obligations, the Issuers shall be subrogated to the rights of the Holders to receive such payment from the money or Government Securities held by the Trustee or Paying
Agent. 
 ARTICLE 12 

MISCELLANEOUS 

Section 12.01 Trust Indenture Act. This Indenture shall not be subject to the Trust Indenture Act. 

Section 12.02 Notices. Any notice or communication by the Company, the Issuers, any Subsidiary Guarantor or
the Trustee to the others is duly given if in writing in English and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), fax, electronic transmission, or overnight air courier guaranteeing next day
delivery, to the others’ address: 
 If to the Company, the Issuers and/or any Subsidiary Guarantor: 

Kraton Corporation 
 15710 John
F. Kennedy Boulevard, Suite 300 
 Houston, Texas 77032 

Facsimile: (281) 504-4700 

Attention: General Counsel 

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

King & Spalding LLP 

1100 Louisiana, Suite 4100 

Houston, TX 77002 
 Facsimile:
(713) 751-3290 
 Attention: Jonathan Newton and Michael Hamilton 

  
 128 

 If to the Trustee: 

Wells Fargo Bank, National Association 

CTSO Mail Operations 
 Attn:
Patrick Giordano 
 MAC: N9300-070 

600 South 4th Street, 7th Floor 

Minneapolis, MN 55415 
 The
Company, the Issuers, any Subsidiary Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or communications. 

All notices and communications (other than those sent to Holders) shall be deemed to have been duly given: at the time delivered by hand, if
personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed by first-class mail; when receipt acknowledged, if faxed; when answered back, if electronically transmitted; and the next Business Day after
timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. Notwithstanding the foregoing, notices to the Trustee shall be effective only upon receipt. 

Any notice or communication to a Holder, when the Notes are in the form of Definitive Notes, will be mailed by first class mail, certified or
registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the Note Register. Any notice or communication to a Holder, when the Notes are in the form of Global Notes, will be sent
pursuant to Applicable Procedures. Failure to send a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

If a notice or communication is mailed or otherwise delivered in the manner provided above within the time prescribed, it is duly given,
regardless of whether the addressee receives it (other than with respect to notices or communications by facsimile or electronic transmission, which will be deemed to be duly given when receipt is acknowledged or when answered back, respectively).

 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver will be the equivalent of such notice. Waivers of notice by Holders will be filed with the Trustee, but such filing will not be a condition precedent to the validity of any action taken in
reliance on such waiver. 
 If the Issuers send a notice or communication to Holders, they shall send a copy to the Trustee and each Agent
at the same time. 
 Section 12.03 Certificate and Opinion as to Conditions Precedent. Upon any request or
application by the Issuers or any of the Guarantors to the Trustee to take any action under this Indenture, the Issuers or such Guarantor, as the case may be, shall furnish to the Trustee: 

  
 129 

 (a) an Officer’s Certificate in form and substance reasonably satisfactory to the
Trustee (which shall include the statements set forth in Section 12.04 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been
satisfied; and 
 (b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which shall include the statements
set forth in Section 12.04 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

Section 12.04 Statements Required in Certificate or Opinion. Each certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture must include: 
 (a) a statement that the Person making such
certificate or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the
opinion of such Person, he or she has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with (and, in the case of an Opinion of
Counsel, may be limited to reliance on an Officer’s Certificate as to matters of fact); and 
 (d) a statement as to whether or not, in
the opinion of such Person, such condition or covenant has been complied with; provided, however, that with respect to matters of fact an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials.

 Section 12.05 Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or at a
meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

Section 12.06 No Personal Liability of Directors, Officers, Employees and Stockholders. No past, present or
future director, manager, officer, employee, incorporator, member, partner or stockholder of the Issuers or any Guarantor or any of their direct or indirect parent companies (other than the Issuers and the Guarantors) shall have any liability, for
any obligations of the Issuers or the Guarantors under the Notes, the Guarantees or this Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting Notes waives and releases all
such liability. The waiver and release are part of the consideration for issuance of the Notes. 
 Section 12.07
Governing Law. This Indenture, the Notes and any Guarantee will be governed by and construed in accordance with the laws of the State of New York. 

Section 12.08 Waiver of Jury Trial. Each of the Company, the Issuers, the Subsidiary Guarantors and the
Trustee hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Indenture, the Notes or the transactions contemplated hereby. 

  
 130 

 Section 12.09 Force Majeure. In no event shall the Trustee
be responsible or liable for any failure or delay in the performance of its obligations under this Indenture arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including without limitation (i) any act or
provision of any present or future law or regulation or governmental authority, (ii) strikes, work stoppages or labor disputes, (iii) accidents, (iv) acts of war or terrorism, (v) civil or military disturbances or unrest,
(vi) nuclear or natural catastrophes or acts of God, (vii) disease, (viii) epidemic or pandemic, (ix) quarantine, (x) national emergency, (xi) communications system failure, (xii) malware or ransomware,
(xiii) unavailability of the Federal Reserve Bank wire or telex system or other wire or other funds transfer systems, (xiv) unavailability of any securities clearing system and (xv) interruptions, loss or malfunctions of utilities,
communications or computer (software or hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the
circumstances. 
 Section 12.10 No Adverse Interpretation of Other Agreements. This Indenture may not be
used to interpret any other indenture, loan or debt agreement of the Company or its Restricted Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 12.11 Successors. All agreements of the Issuers in this Indenture and the Notes shall bind its
successors. All agreements of the Trustee in this Indenture shall bind its successors. All agreements of each Guarantor in this Indenture shall bind its successors, except as otherwise provided in Section 10.06 hereof. 

Section 12.12 Severability. In case any provision in this Indenture or in the Notes shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 12.13 Counterpart Originals. The parties may sign any number of copies of this Indenture. Each signed
copy shall be an original, but all of them together represent the same agreement. The exchange of signed copies of this Indenture by facsimile transmission or emailed portable document format (pdf) shall constitute effective execution and delivery
of this Indenture as to the parties hereto and such copies may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or portable document format (pdf) shall be deemed to be their
original signatures for all purposes other than authentication of Notes by the Trustee. 
 Section 12.14 Table
of Contents, Headings, etc. The Table of Contents, Cross-Reference Table and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and
shall in no way modify or restrict any of the terms or provisions hereof. 

  
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 Section 12.15 U.S.A. PATRIOT Act. The parties acknowledge
that in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that
identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties agree that they will provide the Trustee with such information as it may reasonably request in order for the Trustee to satisfy
the requirements of the U.S.A. PATRIOT Act. 
 (Signatures on following pages) 

  
 132 

 IN WITNESS WHEREOF, the undersigned have executed this Indenture as of the Closing Date.

  

			
	ISSUERS:
	
	    KRATON POLYMERS LLC
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	    KRATON POLYMERS CAPITAL
	    CORPORATION
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	GUARANTORS:
	
	    KRATON CORPORATION
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	    ELASTOMERS HOLDINGS LLC
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer

 [Signature Page to Indenture] 

 
			
	KRATON POLYMERS U.S. LLC
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	AZ CHEM US HOLDINGS INC.
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	AZ CHEM US INC.
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	AZ CHEM INTERMEDIATE LP
		
	By:	 	AZ Chem Partners I LLC, its general partner
	By:	 	AZ Chem Holdings LP, its sole member
	By:	 	AZ Chem Partners II LLC, its general partner
	By:	 	Kraton Polymers LLC, its sole member
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer

 [Signature Page to Indenture] 

 
			
	AZ CHEM HOLDINGS LP
		
	By:	 	AZ Chem Partners II LLC, its general partner
	By:	 	Kraton Polymers LLC, its sole member
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	AZ CHEM PARTNERS I LLC
		
	By:	 	AZ Chem Holdings LP, its sole member
	By:	 	AZ Chem Partners II LLC, its general partner
	By:	 	Kraton Polymers LLC, its sole member
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	AZ CHEM PARTNERS II LLC
		
	By:	 	Kraton Polymers LLC, its sole member
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	KRATON CHEMICAL, LLC
		
	    By:	 	 /s/ Atanas H. Atanasov

	    Name:	 	Atanas H. Atanasov
	    Title:	 	Executive Vice President, Chief Financial Officer and Treasurer

 [Signature Page to Indenture] 

 
			
	TRUSTEE:
	
	    WELLS FARGO BANK, NATIONAL     ASSOCIATION, as Trustee
		
	    By:	 	 /s/ Patrick Giordano

		 	Name: Patrick Giordano
		 	Title: Vice President

 [Signature Page to Indenture] 

 EXHIBIT A 

[Face of Note] 
 [Insert the Global Note Legend,
if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable pursuant to the provisions of the
Indenture] 
 [Insert the Temporary Global Note Legend, if applicable pursuant to the provisions of the Indenture] 

  
 A-1 

 CUSIP: ____________ 

ISIN: ____________ 
 4.25% Senior Note due 2025

  

			
	No. ____	  	$____________

 Kraton Polymers LLC, a Delaware limited liability company, and Kraton Polymers Capital Corporation, a Delaware corporation,
promise to pay to ________ [if a Global Note, insert – CEDE & CO., as nominee for The Depository Trust Company] or its registered assigns, the principal sum of ____________________ UNITED STATES DOLLARS [if a Global Note,
insert — , or such other principal amount as shall be set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto,] on December 15, 2025. 

Interest Payment Dates: June 15 and December 15, commencing on ____________, ____ 

Record Dates: June 1 and December 1 

  
 A-2 

 Dated: 

 

			
	KRATON POLYMERS LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	KRATON POLYMERS CAPITAL CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-3 

 This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	        

		 	Name:
		 	Title:

  
 A-4 

 [Back of Note] 

4.25% Senior Note due 2025 

Capitalized terms used herein shall have the meanings assigned to them in this Indenture referred to below unless otherwise indicated. 

1. Interest. Kraton Polymers LLC, a Delaware limited liability company, and Kraton Polymers Capital Corporation, a Delaware corporation,
promise to pay interest on the principal amount of this Note at a rate per annum of 4.25% from             ,
         until maturity. The Issuers will pay interest on this Note semi-annually in arrears on June 15 and December 15 of each year, commencing on
            ,         , or, if any such day is not a Business Day, on the next succeeding
Business Day (each, an “Interest Payment Date”). The Issuers will make each interest payment to the Holder of record of this Note on the immediately preceding June 1 and December 1 (each, a “Record
Date”). Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including
            ,         . The Issuers will pay interest (including post-petition interest in
any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the rate borne by this Note to the extent lawful; the Issuers shall pay interest (including post-petition interest in any proceeding
under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the rate borne by this Note to the extent lawful. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 2. Method of
Payment. The Issuers will pay interest on this Note to the Person who is the registered Holder of this Note at the close of business on the Record Date next preceding the applicable Interest Payment Date, even if this Note is cancelled after
such Record Date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Payment of interest may be made by check mailed to the Holders at their addresses set forth in
the Note Register, provided that (a) all cash payments of principal of, or premium, if any, and interest on, Notes represented by Global Notes registered in the name of or held by DTC or its nominee will be made by wire transfer of
immediately available funds to the accounts specified by the Holder or Holders thereof and (b) all payments of principal, premium, if any, and interest with respect to certificated Notes will be made by wire transfer to a United States dollar
account maintained by the payee with a bank in the continental United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days
immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion) and such payee owns $1 million or more of the Notes. Such payment shall be in such coin or currency of the United States as
at the time of payment is legal tender for payment of public and private debts. 
 3. Paying Agent and Registrar. The Issuers
initially appoint Wells Fargo Bank, National Association, the Trustee under the Indenture, to act as the Registrar and the Paying Agent for the Notes. The Issuers may change any Paying Agent or Registrar without prior notice to any Holders. The
Issuers or any of their respective domestic Subsidiaries may act as Paying Agent or Registrar. 

  
 A-5 

 4. Indenture. The Issuers issued the Notes under an Indenture, dated as of
December 21, 2020 (the “Indenture”), among Kraton Polymers LLC, Kraton Polymers Capital Corporation, the Guarantors listed therein and the Trustee. This Note is one of a duly authorized issue of notes of the Issuers
designated as their 4.25% Senior Notes due 2025. The Issuers shall be entitled to issue Additional Notes pursuant to Sections 2.01 and 4.09 of the Indenture; provided that such Additional Notes will not be consolidated and form a single
series with the outstanding Notes of the relevant series unless such Additional Notes are fungible with the outstanding Notes of that series for U.S. federal income tax purposes. The terms of the Notes include those stated in the Indenture. The
Notes are subject to all such terms, and Holders are referred to the Indenture for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall
govern and be controlling. 
 5. Optional Redemption. 

(a) Except as described below under clauses 5(b), 5(c) and 5(d) below, the Notes will not be redeemable at the Issuers’ option prior to
December 15, 2022. 
 (b) At any time prior to December 15, 2022, the Issuers may, at their option on one or more
occasions, redeem all or a part of the Notes, upon notice in accordance with Sections 3.02 and 3.03 of the Indenture, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of the
Redemption Date, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. 

(c) From and after December 15, 2022, the Issuers may, at their option on one or more occasions, redeem the Notes, in whole or in
part, upon notice in accordance with Sections 3.02 and 3.03 of the Indenture, at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to,
but not including, the Redemption Date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date, if redeemed during the twelve-month period beginning on December 15 of
each of the years indicated below: 
  

					
	 Year
	  	Redemption
Price	 
	 2022
	  	 	102.125	% 
	 2023
	  	 	101.063	% 
	 2024
	  	 	100.000	% 

 (d) Before December 15, 2022, the Issuers may, at their option, on one or more occasions, redeem,
upon notice in accordance with Sections 3.02 and 3.03 of the Indenture, up to 40% of the aggregate principal amount of Notes issued under the Indenture at a redemption price equal to 104.250% of the aggregate principal amount thereof, plus
accrued and unpaid interest, if any, to, but not including, the Redemption Date, subject to the right of Holders of Notes of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date, with funds in an
aggregate amount not exceeding the net cash proceeds received by the Company 

  
 A-6 

 
from one or more Equity Offerings; provided that (i) at least 50% of the sum of the aggregate principal amount of the Notes originally issued under the Indenture on the Issue Date and
any Additional Notes issued under the Indenture after the Issue Date remains outstanding immediately after the occurrence of each such redemption (unless all such Notes are otherwise repurchased or redeemed substantially concurrently with such
redemption); and (ii) each such redemption occurs within 180 days of the date of closing of each such Equity Offering. 
 (e) Any notice
of any redemption may be given prior to the redemption thereof, and any such redemption or notice may, at the Issuers’ option and discretion, be subject to one or more conditions precedent, including, without limitation, the consummation of an
incurrence or issuance of debt or equity or a Change of Control or other corporate transaction, and, at the Issuers’ option and discretion, the Redemption Date may be delayed until such time as any or all of such conditions have been satisfied
or waived, or the Redemption Date may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied or waived by the Redemption Date, or by the Redemption Date as so delayed. The Issuers may
provide in such notice that payment of the redemption price and performance of the Issuers’ obligations with respect to such redemption may be performed by another Person. The Issuers shall provide written notice of the satisfaction or waiver
of such conditions, the delay of such Redemption Date or the rescission of such notice of redemption to the Trustee prior to the close of business one Business Day prior to the Redemption Date, and the Trustee shall provide such notice to each
holder in the same manner in which the notice of redemption was given. Upon receipt of such notice of the delay of such Redemption Date or the rescission of such notice of redemption, such Redemption Date shall be automatically delayed or such
notice of redemption shall be automatically rescinded, as applicable, and the redemption of the Notes shall be automatically delayed or rescinded and cancelled, as applicable, as provided in such notice. 

(f) In the event that Holders of not less than 90% of the aggregate principal amount of the outstanding Notes validly tender and do not
withdraw such Notes in a Change of Control Offer, Asset Sale Offer or other tender offer and the Issuers (or a third party making the offer, as applicable) purchase all of the Notes validly tendered and not withdrawn by such Holders, the Issuers or
third party offeror, as applicable, will have the right, to redeem (in the case of the Issuers) or purchase (in the case of a third party offeror), upon notice in accordance with Sections 3.02 and 3.03 of the Indenture, all of the Notes that remain
outstanding following such purchase at a redemption price or purchase price, as the case may be, equal to the price paid to each other Holder in such offer (which may be less than par) plus, to the extent not included in such price, accrued and
unpaid interest on the Notes that remain outstanding, to, but not including, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the
Redemption Date). 
 (g) Any redemption pursuant to this paragraph 5 shall be made pursuant to the provisions of Sections 3.01 through 3.06
of the Indenture. 
 6. Mandatory Redemption. The Issuers will not be required to make mandatory redemption or sinking fund payments
with respect to the Notes. 

  
 A-7 

 7. Notice of Redemption. Subject to Section 3.03 of the Indenture, notice of
redemption shall be delivered by the Issuers electronically or mailed by first-class mail, postage prepaid, with a copy to the Trustee, at least 15 but not more than 60 days before the Redemption Date to each Holder of Notes at such Holder’s
registered address, except that notices of redemption may be delivered more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes pursuant to Article 8 of the Indenture or a satisfaction and
discharge of the Indenture pursuant to Article 11 of the Indenture. If any Note is to be redeemed in part only, any notice of redemption that relates to such Note shall state the portion of the principal amount thereof that has been or is to be
redeemed. No Notes of $2,000 or less can be redeemed or purchased in part, except that if all the Notes of a Holder are to be redeemed, the entire amount of Notes held by such Holder shall be redeemed. Subject to Section 3.05 of the Indenture,
on and after the Redemption Date, interest ceases to accrue on this Note or portions thereof called for redemption. Notices may be given by delivery of the relevant notices to DTC, Euroclear or Clearstream for communication to entitled account
holders in substitution for the aforesaid mailing. 
 8. Offers to Repurchase. If a Change of Control Triggering Event occurs, unless
the Issuers have previously or concurrently delivered a redemption notice with respect to all of the outstanding Notes as described under Section 3.07 of the Indenture, the Issuers will make a Change of Control Offer in accordance with
Section 4.14 of the Indenture. In connection with certain Asset Sales, the Issuer shall make an Asset Sale Offer as and when provided in accordance with Sections 3.09 and 4.10 of the Indenture. 

9. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in minimum denominations of $2,000 and any
integral multiple of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. Neither the Registrar nor the Issuers shall be required to register the transfer of or exchange any
Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 10. Persons Deemed
Owners. The registered Holder of a Note will be treated as the owner of the Note for all purposes. 
 11. Amendment, Supplement and
Waiver. The Indenture, the Guarantees or the Notes may be amended or supplemented as provided in the Indenture. 
 12. Defaults and
Remedies. The Events of Default relating to the Notes are defined in Section 6.01 of the Indenture. If any Event of Default (other than of a type specified in Section 6.01(f) or Section 6.01(g) of the Indenture) occurs and is
continuing, the Trustee or the Holders of at least 25% in principal amount of the Notes then outstanding may declare the principal, premium, if any, interest and any other monetary obligations on all the then outstanding Notes to be due and payable
immediately. Notwithstanding the foregoing, in the case of an Event of Default arising under Section 6.01(f) or Section 6.01(g) of the Indenture, all outstanding Notes will become due and payable without further action or notice. Holders
may not enforce the Indenture, the Notes or the Guarantees except as provided in the Indenture. The Trustee may 

  
 A-8 

 
withhold from Holders notice of any continuing Default, except a Default relating to the payment of principal, premium, if any, or interest, if it determines that withholding notice is in their
interest. The Holders of a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee may on behalf of all the Holders (i) waive any existing Default or and its consequences under the Indenture (except a
continuing Default in payment of principal of, or premium, if any, or interest on, any Note held by a non-consenting Holder) (including in connection with an Asset Sale Offer or a Change of Control Offer) and
(ii) rescind any acceleration with respect to the Notes and its consequences (except if such rescission would conflict with any judgment of a court of competent jurisdiction). The Issuers are required to deliver to the Trustee annually a
statement regarding compliance with the Indenture in accordance with Section 4.04(a) of the Indenture, and the Issuers are required within five Business Days after becoming aware of any Default, to deliver to the Trustee a statement specifying
such Default and what action the Issuers propose to take with respect thereto in accordance with Section 4.04(b) of the Indenture. 

13. Authentication. At least one Officer must sign the Notes for each of the Issuers by manual or facsimile signature. This Note shall
not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of the Trustee. 

14. Governing Law. The Indenture, the Notes and any Guarantee will be governed by and construed in accordance with the laws of the State
Of New York. 
 15. CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuers have caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee may use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of
such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

The Issuers will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to the Issuers at
the following address: 
 Kraton Corporation 

15710 John F. Kennedy Boulevard, Suite 300 

Houston, Texas 77032 
 Facsimile:
(281) 504-4700 
 Attention: General Counsel 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)

  
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                                         
                                         
                                         
                                         
                 
 to transfer this Note on the books of the Issuers. The
agent may substitute another to act for him. 
 Date: ________________ 

 

			
	Your Signature:	 	  

		 	(Sign exactly as your name
		 	appears on the face of this Note)

 Signature Guarantee*: ___________________________________ 

—————— 
 * Participant in a
recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-10 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.10 or 4.14 of the Indenture, check the appropriate
box below: 
 [ ] Section 4.10
                     [ ] Section 4.14 

If you want to elect to have only part of this Note purchased by the Issuers pursuant to Section 4.10 or Section 4.14 of the
Indenture, state the amount you elect to have purchased: 
 $________________ 

Date: ________________ 
  

			
	Your Signature:	 	  

		 	(Sign exactly as your name
		 	appears on the face of this Note)
	Tax Identification No.:	 	  

 Signature Guarantee*: ___________________________________ 

—————— 
 * Participant in a
recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-11 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is $__________. The following exchanges of a part of this Global Note for an
interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global or Definitive Note for an interest in this Global Note, have been made: 
  

									
	Date of Exchange	 	Amount of decrease in
Principal Amount of this
Global Note	 	Amount of increase in
Principal Amount of this
Global Note	  	Principal Amount of this
Global Note following
such decrease or increase	  	Signature of authorized
officer of Trustee or
Custodian

 ——————

 * This schedule should be included only if the Note is issued in global form. 

  
 A-12 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 Kraton
Corporation 
 15710 John F. Kennedy Boulevard, Suite 300 

Houston, Texas 77032 
 Facsimile: (281) 504-4700 
 Attention: General Counsel 

Wells Fargo Bank, National Association 
 Corporate Trust –
DAPS REORG 
 600 Fourth Street South, 7th Floor 
 MAC N9300-070 
 Minneapolis, MN 55415 

Facsimile: (866) 969-1290 

Email: dapsreorg@wellsfargo.com 
 Re: 4.25% Senior
Notes due 2025 
 Reference is hereby made to the Indenture, dated as of December 21, 2020 (the
“Indenture”), among Kraton Polymers LLC, Kraton Polymers Capital Corporation, the Subsidiary Guarantors named therein and Wells Fargo Bank, National Association, as Trustee. Capitalized terms used but not defined herein shall
have the meanings given to them in the Indenture. 
 ____________ (the “Transferor”) owns and proposes to transfer
the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $____ in such Note[s] or interests (the “Transfer”), to (the “Transferee”), as further specified in Annex
A hereto. In connection with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 

1. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE RELEVANT 144A GLOBAL NOTE OR RELEVANT DEFINITIVE NOTE PURSUANT
TO RULE 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further
certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect
to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer
is in compliance with any applicable blue sky securities laws of any state of the United States. 

  
 B-1 

 2. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE RELEVANT
REGULATION S GLOBAL NOTE OR RELEVANT DEFINITIVE NOTE PURSUANT TO REGULATION S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 and, accordingly, the Transferor hereby further certifies that (i) the
Transfer is not being made to a person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes
that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the
transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903 (b) or Rule 904(b) of Regulation S and (iii) the transaction is not part of a
plan or scheme to evade the registration requirements of the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the
restrictions on Transfer enumerated in the Indenture and the Securities Act. 
 3. [ ] CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF
A BENEFICIAL INTEREST IN THE RELEVANT DEFINITIVE NOTE PURSUANT TO ANY PROVISION OF THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial
interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby
further certifies that (check one): 
 (a) [ ] such Transfer is being effected pursuant to and in accordance with Rule 144 under the
Securities Act; or 
 (b) [ ] such Transfer is being effected to the Kraton Corporation or a subsidiary thereof; or 

(c) [ ] such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the
prospectus delivery requirements of the Securities Act. 
 4. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN AN
UNRESTRICTED GLOBAL NOTE OR OF AN UNRESTRICTED DEFINITIVE NOTE. 
 (a) [ ] CHECK IF TRANSFER IS PURSUANT TO RULE 144. (i) The Transfer is
being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and
(ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of
the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in
the Indenture. 

  
 B-2 

 (b) [ ] CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The Transfer is being
effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and
(ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of
the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in
the Indenture. 
 (c) [ ] CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i) The Transfer is being effected pursuant to and in
compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws
of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed
Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or
Restricted Definitive Notes and in the Indenture. 
 This certificate and the statements contained herein are made for your benefit and the
benefit of the Issuer. 
  

			
	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: ________________ 

  
 B-3 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

	 	1.	 The Transferor owns and proposes to transfer the following: 

[CHECK ONE OF (a) OR (b)] 

	 	(a)	 [ ] a beneficial interest in the: 

 

	 	(i)	 [ ] 144A Global Note (CUSIP: 50076XAC5), or 

 

	 	(ii)	 [ ] Regulation S Global Note (CUSIP: U50102AE9), or 

 

	 	(b)	 [ ] a Restricted Definitive Note. 

 

	 	2.	 After the Transfer the Transferee will hold: 

[CHECK ONE] 

	 	(a)	 [ ] a beneficial interest in the: 

 

	 	(i)	 [ ] 144A Global Note (CUSIP: 50076XAC5), or 

 

	 	(ii)	 [ ] Regulation S Global Note (CUSIP: U50102AE9)or 

 

	 	(iii)	 [ ] Unrestricted Global Note (CUSIP: ); or 

 

	 	(b)	 [ ] a Restricted Definitive Note; or 

 

	 	(c)	 [ ] an Unrestricted Definitive Note, in accordance with the terms of the Indenture. 

  
 B-4 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 Kraton
Corporation 
 15710 John F. Kennedy Boulevard, Suite 300 

Houston, Texas 77032 
 Facsimile: (281) 504-4700 
 Attention: General Counsel 

Wells Fargo Bank, National Association 
 Corporate Trust –
DAPS REORG 
 600 Fourth Street South, 7th Floor 
 MAC N9300-070 
 Minneapolis, MN 55415 

Facsimile: (866) 969-1290 

Email: dapsreorg@wellsfargo.com 
 Re: 4.25% Senior
Notes due 2025 
 Reference is hereby made to the Indenture, dated as of December 21, 2020 (the
“Indenture”), among Kraton Polymers LLC, Kraton Polymers Capital Corporation, the Subsidiary Guarantors named therein and Wells Fargo Bank, National Association, as Trustee. Capitalized terms used but not defined herein shall
have the meanings given to them in the Indenture. 
 ____________ (the “Owner”) owns and proposes to exchange the
Note[s] or interest in such Note[s] specified herein, in the principal amount of $____ in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

(1) EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN A RESTRICTED GLOBAL NOTE FOR UNRESTRICTED DEFINITIVE NOTES OR BENEFICIAL
INTERESTS IN AN UNRESTRICTED GLOBAL NOTE 
 (a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE
TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note in an equal principal amount, the
Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Notes and
pursuant to and in accordance with the United States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order
to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

  
 C-1 

 (b) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL
NOTE TO UNRESTRICTED DEFINITIVE NOTE. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive Note is being acquired
for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act,
(iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being acquired in compliance with any
applicable blue sky securities laws of any state of the United States. 
 (c) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED
DEFINITIVE NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in
accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is
being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (d) [ ] CHECK
IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO UNRESTRICTED DEFINITIVE NOTE. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted
Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance
with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is
being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (2) EXCHANGE OF RESTRICTED
DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES FOR RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES 

(a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO RESTRICTED DEFINITIVE NOTE. In connection
with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby 

  
 C-2 

 
certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the
Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 

(b) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE. In connection
with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE] [ ] 144A Global Note [ ] Regulation S Global Note with an equal principal amount, the Owner hereby certifies (i) the beneficial
interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with
the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Issuer and are dated ____________. 

 

			
	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: ________________ 

  
 C-3 

 EXHIBIT D 

FORM OF NOTATION OF GUARANTEE 

For value received, each Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, unconditionally
guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of December 21, 2020 (the “Indenture”) among Kraton Polymers LLC and Kraton Polymers Capital Corporation,
as issuers (together, the “Issuers”), the Guarantors party thereto and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, and
premium, if any, and interest on, the Notes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of, and premium, if any, and interest on, the Notes, if lawful, and the due and
punctual performance of all other obligations of the Issuers to the Holders or the Trustee all in accordance with the terms of the Indenture, and (b) in case of any extension of time of payment or renewal of any Notes or any of such other
obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of
Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. Each Holder of a Note, by
accepting the same, agrees to and shall be bound by such provisions. 
 Capitalized terms used but not defined herein have the meanings
given to them in the Indenture. 
  

			
	[NAMES OF GUARANTORS]
		
	By:	 	  

		 	Name:
		 	Title:

  
 D-1 

 EXHIBIT E 

[FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY SUBSEQUENT GUARANTORS] 

Supplemental Indenture (this “Supplemental Indenture”), dated as of ________, among Kraton Polymers LLC and Kraton
Polymers Capital Corporation, as issuers, the Guarantors, ________________ (the “Guaranteeing Subsidiary”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”). 

W I T N E S E T H 
 WHEREAS,
Kraton Polymers LLC, a Delaware limited liability company, and Kraton Polymers Capital Corporation, a Delaware corporation (together, the “Issuers”), and the Guarantors have heretofore executed and delivered to the Trustee an
Indenture, dated as of December 21, 2020 (the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 4.25% Senior Notes due 2025; 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the
“Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute
and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 

(1) Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

(2) Agreement to Guarantee. The Guaranteeing Subsidiary hereby provides an unconditional Guarantee on the terms and subject to the
conditions set forth in the Indenture including but not limited to Article 10 thereof. 
 (3) Execution and Delivery. The Guaranteeing
Subsidiary agrees that the Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes. 

(4) No Personal Liability of Directors, Officers, Employees and Stockholders. No past, present or future director, manager, officer,
employee, incorporator, member, partner or stockholder of the Guaranteeing Subsidiary or any of their direct or indirect parent companies (other than the Issuers and the Guarantors) shall have any liability, for any obligations of the Issuers or the
Guarantors (including the Guaranteeing Subsidiary) under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting
Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

  
 E-1 

 (5) Governing Law. This Supplemental Indenture will be governed by and construed in
accordance with the laws of the State of New York. 
 (6) Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of signed copies of this Supplemental Indenture by facsimile transmission or emailed portable document format (pdf) shall
constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and such copies may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by
facsimile or portable document format (pdf) shall be deemed to be their original signatures for all purposes. 
 (7) Effect of
Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 (8) The Trustee.
The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the
Issuers, the Guarantors and the Guaranteeing Subsidiary. 
 (9) Benefits Acknowledged. The Guaranteeing Subsidiary’s Guarantee is
subject to the terms and conditions set forth in the Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture
and that the guarantee and waivers made by it pursuant to its Guarantee are knowingly made in contemplation of such benefits. 
 (10)
Successors. All agreements of the Guaranteeing Subsidiary in this Supplemental Indenture shall bind its successors, except as otherwise provided in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture
shall bind its successors. 
 (Signatures on following pages) 

  
 E-2 

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

			
	
	GUARANTEEING SUBSIDIARY:
	
	[NAME OF GUARANTEEING SUBSIDIARY]
		
	By:	 	  

		 	Name:
		 	Title:
	
	ISSUERS:
	
	KRATON POLYMERS LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	KRATON POLYMERS CAPITAL
	CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	GUARANTORS:
	
	[NAMES OF EXISTING GUARANTORS]
		
	By:	 	  

		 	Name:
		 	Title:

  
 E-3 

 
			
	TRUSTEE:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 E-4finalomnibusamendmentsec

Omnibus Amendment No. 1  OMNIBUS AMENDMENT NO. 1  ---  SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT,  FIRST AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT  AND  FIRST AMENDMENT TO PERFORMANCE GUARANTY  ---  THIS OMNIBUS AMENDMENT NO. 1 (this “Amendment”), dated as of December 17, 2020 (this  “Amendment”), is entered into by and among (a) Cooper Tire & Rubber Company, a Delaware corporation  (“Cooper”), (b) Cooper Receivables LLC, a Delaware limited liability company (the “Company”), and (c)  Wells Fargo Bank, National Association, a national banking association (“Wells Fargo”), as administrator  )in such capacity, the “Administrator”), as issuer of Letters of Credit (in such capacity, the “LC Bank”), as  sole Purchaser and as sole LC Participant.  RECITALS  A. Cooper and the Company are parties to the Purchase and Sale  Agreement, dated as of August 30, 2006 (as amended by the First Amendment thereto,  the “Existing P&SA”); and  B. The Company, as seller (in such capacity, the “Seller”), Cooper, as initial  servicer (in such capacity, together with its successors and permitted assigns in such  capacity, the “Servicer”), the Purchasers and Purchaser Agents from time to time party  thereto, the various financial institutions from time to time party thereto as letter of  credit participants (together with their successors and assigns in such capacity, the “LC  Participants”) and PNC Bank, National Association, as administrator (in such capacity,  together with its successors and assigns in such capacity, the “Existing Administrator”)  and as issuer of Letters of Credit (in such capacity, together with its successors and assigns  in such capacity, the “Existing LC Bank”), are parties to the Second Amended and  Restated Receivables Purchase Agreement, dated as of February 15, 2018  (the “Existing  RPA”);  C. Cooper has executed that certain Performance Guaranty, dated as of  August 30, 2006 (the “Existing Performance Guaranty”), in favor of the Existing  Administrator for the benefit of the Purchasers and the Purchaser Agents (and their  assigns) under the Existing RPA;  D. PNC Bank, National Association has assigned all of its right to and  obligations under the Existing P&SA, the Existing RPA, the Existing Performance  Guaranty, the Lock-Box Agreement with JPMorgan Chase Bank, N.A. and the  collateral under the Existing P&SA and the Existing RPA to Wells Fargo pursuant to an  Assignment and Assumption Agreement, dated of even date herewith; and  E. The parties hereto, as the sole remaining parties to the Existing P&SA, the  Existing RPA and the Existing Performance Guaranty (collectively, the “Subject  Agreements”) wish to amend the Subject Agreements as hereinafter set forth (as so  amended, the “Amended Subject Agreements”).  

 

2  Omnibus Amendment No. 1     NOW, THEREFORE, in consideration of the premises and the other promises herein contained,  and for other good and valuable consideration, the receipt and sufficiency of which are hereby  acknowledged, the parties hereto agree to amend the Subject Agreements as hereafter set forth:  1.  Definitions.  Capitalized terms used, and not otherwise defined herein, are used  with the meanings attributed thereto in the Subject Agreements.  2. Amendments to the P&SA.  Upon the Effective Date (hereinafter defined), the  parties hereto agree that the Existing P&SA is hereby amended as reflected by the version of the Purchase  and Sale Agreement attached hereto as Exhibit A (the “Amended P&SA”), and any term or provision of  the Existing P&SA which is different from that set forth in the Amended P&SA shall be replaced and  superseded in all respects by the terms and provisions of the Amended P&SA.  3. Amendments to the RPA.  Upon the Effective Date, the parties hereto agree that  the Existing RPA is hereby amended as reflected by the amended Second Amended and Restated  Receivables Purchase Agreement attached hereto as Exhibit B (the “Amended RPA”), and any term or  provision of the Existing RPA which is different from that set forth in the Amended RPA shall be replaced  and superseded in all respects by the terms and provisions of the Amended RPA.  4. Amendments to the Performance Guaranty.  Upon the Effective Date, the parties  hereto agree that the Existing Performance Guaranty is hereby amended as reflected by the amended  Performance Guaranty attached hereto as Exhibit C (the “Amended Performance Guaranty” )and any  term or provision of the Existing Performance Guaranty which is different from that set forth in the  Amended Performance Guaranty shall be replaced and superseded in all respects by the terms and  provisions of the Amended Performance Guaranty.  5. Representations and Warranties.   Each of Cooper and the Company hereby  represents and warrants that:  (a) Representations and Warranties.   Each representation and warranty made by it  in the Subject Agreements is true and correct as of the date hereof.  (b) Enforceability. The execution and delivery by such Person of this Amendment,  and the performance of each of its obligations under this Amendment and the Amended Subject  Agreements to which it is a party, are within each of its organizational powers and have been duly  authorized by all necessary organizational action on its part. This Amendment and the Subject  Agreements to which such Person is a party are such Person’s valid and legally binding obligations,  enforceable in accordance with its terms except as such enforceability may be limited by  bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of  creditors’ rights generally and by general principles of equity, regardless of whether enforceability  is considered in a proceeding in equity or at law.  (c) No Default. Both immediately before and immediately after giving effect to this  Amendment and the transactions contemplated hereby, no Purchase and Sale Termination Event,  Unmatured Purchase and Sale Termination Event, Termination Event or Unmatured Termination  Event exists or shall exist.  (d) Effect of Amendment.  All provisions of the Subject Agreements, as expressly  amended and modified by this Amendment, shall remain in full force and effect. After this  

 

3  Omnibus Amendment No. 1    Amendment becomes effective, all references in any Amended Subject Agreement (or in any  other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect  referring to any of the Subject Agreements shall be deemed to be references to the Amended   Subject Agreements.  This Amendment shall not be deemed, either expressly or impliedly, to  waive, amend or supplement any provision of the Subject Agreements other than as set forth  herein.  6. Effectiveness. This Amendment shall become effective as of the date hereof (the  “Effective Date”) upon receipt by the Administrator of each of the following:  (a) counterparts of this Amendment (whether by facsimile or otherwise) executed  by each of the parties hereto;  (b) each of the documents and opinions listed on Annex I hereto [Closing Checklist],  duly executed, where applicable, by all applicable parties;  (c)  payment by the Company of the Structuring Fee in accordance with the Fee  Letter and reimbursement of Wells Fargo for all reasonable and documented out-of-pocket costs  and expenses as of the Effective Date; and  (d) such other documents, instruments and opinions as the Administrator may  reasonably request.  7. Counterparts. This Amendment may be executed in any number of counterparts  and by different parties on separate counterparts, each of which when so executed shall be deemed to  be an original and all of which when taken together shall constitute but one and the same instrument.  8. Governing Law. This Amendment shall be governed by, and construed in  accordance with, the internal laws of the State of New York (including for such purposes, sections 5-1401  and 5-102 of the General Obligations Law of the State of New York).  9. Section Headings. The various headings of this Amendment are included for  convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement  or any provision hereof or thereof.  <Signature Pages Follow>  

 

4  Omnibus Amendment No. 1    IN WITNESS WHEREOF, the parties hereto have caused this Omnibus Amendment No. 1 to be duly  executed and delivered as of the date first above written.    COOPER TIRE & RUBBER COMPANY, AS THE  ORIGINATOR, AS SERVICER AND AS PERFORMANCE  GUARANTOR      By: /s/ Gerald C. Bialek__________________  Name:  Gerald C. Bialek  Title: Vice President, Interim CFO and  Treasurer    Address for Notices:    Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Phone:  (419) 424-4317  Fax:  (419) 424-7320  Email:  Cooper_Legal@coopertire.com        COOPER RECEIVABLES LLC, AS THE COMPANY AND  AS THE SELLER      By: /s/ Gerald C. Bialek__________________  Name: Gerald C. Bialek  Title: President and Treasurer    Address for Notices:    Cooper Receivables LLC  c/o Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Phone:  (419) 424-4317  Fax:  (419) 424-7320  Email:  Cooper_Legal@coopertire.com        

 

5  Omnibus Amendment No. 1    WELLS FARGO BANK, NATIONAL  ASSOCIATION,   AS THE PURCHASER, LC PARTICIPANT, LC BANK, WELLS  FARGO PURCHASER GROUP AGENT AND  ADMINISTRATOR      By: /s/ William P Rutkowski______   Name:  William P Rutkowski  Title: Director    Address for Notices    Wells Fargo Bank, National Association  1100 Abernathy Road NE  Suite 1600  Atlanta, GA 30328-5657    Attn:      William P. Rutkowski  Office:  +1 (770) 508-2180  Cell:      +1 (404) 825-0394  Fax:       +1(877) 527-9565  Email:  william.rutkowski@wellsfargo.com             

 

6  Omnibus Amendment No. 1    ANNEX I  CLOSING CHECKLIST    [Attached]     

 

7  Omnibus Amendment No. 1    EXHIBIT A  AMENDED P&SA    [Attached]                       

 

EXHIBIT A  TO OMNIBUS AMENDMENT NO. 1    Purchase and Sale Agreement  (Cooper)              PURCHASE AND SALE AGREEMENT  Dated as of August 30, 2006   between   VARIOUS ENTITIES LISTED ON SCHEDULE I,  as the Originators   and   COOPER RECEIVABLES LLC        

 

CONTENTS  Clause                     Subject Matter  Page       i Purchase and Sale Agreement  ARTICLE I   AGREEMENT TO PURCHASE AND SELL  1  SECTION 1.1 Agreement To Purchase and Sell .............................................................................1  SECTION 1.2 Timing of Purchases.................................................................................................2  SECTION 1.3 Consideration for Purchases.....................................................................................3  SECTION 1.4 Purchase and Sale Termination Date .......................................................................3  SECTION 1.5 Intention of the Parties .............................................................................................3  ARTICLE II   PURCHASE REPORT; CALCULATION OF PURCHASE PRICE  4  SECTION 2.1 Purchase Report .......................................................................................................4  SECTION 2.2 Calculation of Purchase Price ..................................................................................4  ARTICLE III   PAYMENT OF PURCHASE PRICE  5  SECTION 3.1 Contribution of Receivables and Initial Purchase Price Payment. ...........................5  SECTION 3.2 Subsequent Purchase Price Payments ......................................................................5  SECTION 3.3 Settlement as to Specific Receivables and Dilution. ................................................5  SECTION 3.4 Reconveyance of Receivables ..................................................................................7  SECTION 3.5 Letters of Credit .......................................................................................................7    ARTICLE IV   CONDITIONS OF PURCHASES  8  SECTION 4.1 Conditions Precedent to Initial Purchase .................................................................8  SECTION 4.2 Certification as to Representations and Warranties ...............................................10  SECTION 4.3 Additional Originators ...........................................................................................10  ARTICLE V   REPRESENTATIONS AND WARRANTIES OF THE ORIGINATORS  11  SECTION 5.1 Existence and Power ..............................................................................................11  SECTION 5.2 Company and Governmental Authorization, Contravention .................................11  SECTION 5.3 Binding Effect of Agreement .................................................................................11  SECTION 5.4 Accuracy of Information ........................................................................................12  SECTION 5.5 Actions, Suits .........................................................................................................12  SECTION 5.6 Taxes ......................................................................................................................12  

 

CONTENTS  Clause                     Subject Matter  Page       ii Purchase and Sale Agreement  SECTION 5.7 Compliance with Applicable Laws ........................................................................12  SECTION 5.8 Reliance on Separate Legal Identity ......................................................................12  SECTION 5.9 Investment Company .............................................................................................12  SECTION 5.10 Perfection .............................................................................................................12  SECTION 5.11 Creation of Receivables .......................................................................................13  SECTION 5.12 Credit and Collection Policy ................................................................................13  SECTION 5.13 Enforceability of Contracts ..................................................................................13  SECTION 5.14 Location and Offices ............................................................................................13  SECTION 5.15 Good Title ............................................................................................................13  SECTION 5.16 Names...................................................................................................................13  SECTION 5.17 Nature of Receivables ..........................................................................................13  SECTION 5.18 Bulk Sales, Margin Regulations, No Fraudulent Conveyance,  Investment Company ...........................................................................................13  SECTION 5.19 Financial Condition. .............................................................................................14  SECTION 5.20 Licenses, Contingent Liabilities, and Labor Controversies. ................................14  SECTION 5.21 Reaffirmation of Representations and Warranties by the  Originator ............................................................................................................14  ARTICLE VI  COVENANTS OF THE ORIGINATORS  14  SECTION 6.1 Affirmative Covenants ...........................................................................................14  SECTION 6.2 Reporting Requirements ........................................................................................16  SECTION 6.3 Negative Covenants ...............................................................................................17  SECTION 6.4 Substantive Consolidation .....................................................................................18  ARTICLE VII  ADDITIONAL RIGHTS AND OBLIGATIONS IN RESPECT OF RECEIVABLES  20  SECTION 7.1 Rights of the Company ..........................................................................................20  SECTION 7.2 Responsibilities of the Originators .........................................................................20  SECTION 7.3 Further Action Evidencing Purchases ....................................................................21  SECTION 7.4 Application of Collections .....................................................................................21  ARTICLE VIII  PURCHASE AND SALE TERMINATION EVENTS  22  SECTION 8.1 Purchase and Sale Termination Events ..................................................................22  SECTION 8.2 Remedies. ...............................................................................................................22  

 

CONTENTS  Clause                     Subject Matter  Page       iii Purchase and Sale Agreement  ARTICLE IX   INDEMNIFICATION  22  SECTION 9.1 Indemnities by the Originators ...............................................................................22  ARTICLE X  MISCELLANEOUS  24  SECTION 10.1 Amendments, etc. .................................................................................................24  SECTION 10.2 Notices, etc ...........................................................................................................25  SECTION 10.3 No Waiver; Cumulative Remedies ......................................................................25  SECTION 10.4 Binding Effect; Assignability...............................................................................25  SECTION 10.5 Governing Law ....................................................................................................25  SECTION 10.6 Costs, Expenses and Taxes ..................................................................................25  SECTION 10.7 SUBMISSION TO JURISDICTION ...................................................................26  SECTION 10.8 WAIVER OF JURY TRIAL ................................................................................26  SECTION 10.9 Captions and Cross References; Incorporation by Reference ..............................26  SECTION 10.10 Execution in Counterparts ..................................................................................26  SECTION 10.11 Acknowledgment and Agreement ......................................................................27  SECTION 10.12 No Proceeding ....................................................................................................27  SECTION 10.13 Limited Recourse ...............................................................................................27      

 

   iv Purchase and Sale Agreement  SCHEDULES  Schedule I List of Originators  Schedule II Location of Each Originator  Schedule III Location of Books and Records of Originators  Schedule IV Trade Names  Schedule V Actions/Suits  EXHIBITS  Exhibit A Form of Purchase Report  Exhibit B Form of Company Note  Exhibit C Form of Joinder Agreement  

 

  Purchase and Sale Agreement  THIS PURCHASE AND SALE AGREEMENT (as amended, restated, supplemented or  otherwise modified from time to time, this “Agreement”), dated as of August 30, 2006 (the  “Closing Date”) is entered into between the VARIOUS ENTITIES LISTED ON SCHEDULE I  HERETO (each, an “Originator”; and collectively, “Originators”), and COOPER RECEIVABLES  LLC, a Delaware limited liability company (the “Company”).  DEFINITIONS  Unless otherwise indicated herein, capitalized terms used and not otherwise defined in this  Agreement are defined in Exhibit I to the Second Amended and Restated Receivables Purchase  Agreement, dated as of February 15, 2018 (as the same may be amended, restated, supplemented  or otherwise modified from time to time, the “Receivables Purchase Agreement”), among the  Company, as Seller, Cooper Tire & Rubber Company (individually, “Cooper”), as initial Servicer  (in such capacity, the “Servicer”), the various Purchasers and Purchaser Agents from time to time  party thereto, the various financial institutions from time to time party thereto as LC Participants  and Wells Fargo Bank, National Association (as successor by assignment from PNC Bank,  National Association), as Administrator and as LC Bank. All references herein to months are to  calendar months unless otherwise expressly indicated.  BACKGROUND:  1. The Company is a special purpose limited liability company, all of the issued and  outstanding membership interests of which are owned by Cooper;  2. The Originators generate Receivables in the ordinary course of their businesses;  3. The Originators wish to sell Receivables to the Company, and the Company is  willing to purchase Receivables from the Originators, on the terms and subject to the conditions  set forth herein;  4. The Originators and the Company intend this transaction to be a true sale of  Receivables by each Originator to the Company, providing the Company with the full benefits of  ownership of the Receivables, and the Originators and the Company do not intend the transactions  hereunder to be a loan from the Company to any Originator.  NOW, THEREFORE, in consideration of the premises and the mutual agreements herein  contained, the parties hereto agree as follows:  ARTICLE I  AGREEMENT TO PURCHASE AND SELL  SECTION 1.1 Agreement to Purchase and Sell.  On the terms and subject to the conditions  set forth in this Agreement, each Originator, severally and for itself, agrees to sell to the Company,  and the Company agrees to purchase from such Originator, from time to time on or after the  Closing Date, but before the Purchase and Sale Termination Date (as defined in Section 1.4), all  of such Originator’s right, title and interest in and to:  

 

   2 Purchase and Sale Agreement  (a) each Receivable of such Originator that existed and was owing to such  Originator at the closing of such Originator’s business in Findlay, Ohio on July 31, 2006 (the “Cut- off Date”) other than Receivables contributed pursuant to Section 3.1 (the “Contributed  Receivables”);  (b) each Receivable generated by such Originator after the Cut-off Date to but  excluding the Purchase and Sale Termination Date;  (c) all rights to, but not the obligations of, such Originator under all Related  Security with respect to any of the foregoing Receivables;  (d) all monies due or to become due to such Originator with respect to any of  the foregoing;  (e) all books and records of such Originator to the extent related to any of the  foregoing;  (f) all collections and other proceeds and products of any of the foregoing (as  defined in the UCC) that are or were received by such Originator on or after the Cut-off Date,  including, without limitation, all funds which either are received by such Originator, the Company  or the Servicer from or on behalf of the Obligors in payment of any amounts owed (including,  without limitation, invoice price, finance charges, interest and all other charges) in respect of any  of the above Receivables or are applied to such amounts owed by the Obligors (including, without  limitation, any insurance payments that such Originator, the Company or the Servicer applies in  the ordinary course of its business to amounts owed in respect of any of the above Receivables,  and net proceeds of sale or other disposition of repossessed goods or other collateral or property  of the Obligors in respect of any of the above Receivables or any other parties directly or indirectly  liable for payment of such Receivables); and  (g) all right, title and interest (but not obligations) in and to the Lock-Box  Accounts, into which any Collections or other proceeds with respect to such Receivables may be  deposited, and any related investment property acquired with any such collections or other  proceeds (as such term is defined in the applicable UCC).  All purchases and contributions hereunder shall be made without recourse, but shall be made  pursuant to, and in reliance upon, the representations, warranties and covenants of the Originators  set forth in this Agreement and each other Transaction Document. No obligation or liability to any  Obligor on any Receivable is intended to be assumed by the Company hereunder, and any such  assumption is expressly disclaimed. The Company’s foregoing commitment to purchase  Receivables and the proceeds and rights described in clauses (c) through (g) (collectively, the  “Related Rights”) is herein called the “Purchase Facility.”  SECTION 1.2 Timing of Purchases.  (a) Closing Date Purchases.  Each Originator’s entire right, title and interest in  (i) each Receivable that existed and was owing to such Originator at the Cut-off Date (other than  Contributed Receivables), (ii) all Receivables created by such Originator after the Cut-off Date, to  and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights  

 

   3 Purchase and Sale Agreement  with respect thereto automatically shall be deemed to have been sold by such Originator to the  Company on the Closing Date.  (b) Subsequent Purchases.  After the Closing Date, until the Purchase and Sale  Termination Date, each Receivable and the Related Rights generated by each Originator shall be  deemed to have been sold by such Originator to the Company immediately (and without further  action) upon the creation of such Receivable.  SECTION 1.3 Consideration for Purchases.  On the terms and subject to the conditions set  forth in this Agreement, the Company agrees to make Purchase Price payments to the Originators  in accordance with Article III and to reflect all contributions in accordance with Section 3.1.  SECTION 1.4 Purchase and Sale Termination Date.  The “Purchase and Sale Termination  Date” shall be the earliest to occur of (a) the date the Purchase Facility is terminated pursuant to  Section 8.2 and (b) the Payment Date immediately following the day on which the Originators  shall have given written notice to the Company, the Administrator and each Purchaser Agent at or  prior to 10:00 a.m. (New York City time) that the Originators desire to terminate this Agreement.  SECTION 1.5 Intention of the Parties.  It is the express intent of each Originator and the  Company that each conveyance by such Originator to the Company pursuant to this Agreement of  the Receivables and Related Rights, including without limitation, all Receivables, if any,  constituting general intangibles as defined in the UCC, and all Related Rights be construed as a  valid and perfected sale and absolute assignment (without recourse except as provided herein) of  such Receivables and Related Rights by such Originator to the Company (rather than the grant of  a security interest to secure a debt or other obligation of such Originator) and that the right, title  and interest in and to such Receivables and Related Rights conveyed to the Company be prior to  the rights of and enforceable against all other Persons at any time, including, without limitation,  lien creditors, secured lenders, purchasers and any Person claiming through such Originator. The  parties acknowledge that an outright sale of Receivables and interests in Receivables is governed  by Article 9 of the Uniform Commercial Code as enacted in the State of New York and the states  in which the parties may be organized or otherwise have a presence (without distinguishing the  applicable jurisdiction, “Article 9”), notwithstanding that such a sale is not intended for security.  The parties also acknowledge that, as a drafting convention under Article 9, terms used under  Article 9 for secured transactions also apply to outright sales of receivables, including “debtor”,  which applies to a seller of receivables, “secured party”, which applies to a buyer of receivables,  and “security interest”, which applies to the buyer’s outright ownership interest. Thus, such terms,  and other terms used in Article 9, will apply to this Agreement, and may be used in this Agreement  or in connection with this Agreement and such use does not affect the nature of the outright sale  of the Receivables by an Originator to the Company. Thus, under the Article 9 drafting convention,  the out-right sale of the Receivables may be described as a transaction by which the Originators  have granted to the Company a security interest in, among other things, the Receivables. However,  if, contrary to the mutual intent of the parties, any conveyance of Receivables and Related Rights,  including without limitation any Receivables constituting general intangibles, is not construed to  be both a valid and perfected sale and absolute assignment of such Receivables and Related Rights,  and a conveyance of such Receivables and Related Rights that is prior to the rights of and  enforceable against all other Persons at any time, including without limitation lien creditors,  secured lenders, purchasers and any Person claiming through such Originator, then, it is the intent  

 

   4 Purchase and Sale Agreement  of such Originator and the Company that (i) this Agreement also shall be deemed to be, and hereby  is, a security agreement within the meaning of the UCC; and (ii) such Originator shall be deemed  to have granted to the Company as of the date of this Agreement, and such Originator hereby grants  to the Company a security interest in, to and under all of such Originator’s right, title and interest  in and to:  (A) the Receivables and the Related Rights now existing and hereafter created by such  Originator transferred or purported to be transferred hereunder, (B) all monies due or to become  due and all amounts received with respect thereto, (C) all books and records of such Originator to  the extent related to any of the foregoing, and (D) all proceeds and products of any of the foregoing  to secure all of such Originator’s obligations hereunder.  ARTICLE II  PURCHASE REPORT; CALCULATION OF PURCHASE PRICE  SECTION 2.1 Purchase Report.  On the Closing Date and on each date when a Monthly  Report is due to be delivered under the Receivables Purchase Agreement (each such date, a  “Monthly Purchase Report Date”), the Servicer shall deliver to the Company and each Originator  a report in substantially the form of Exhibit A (each such report being herein called a “Purchase  Report”) setting forth, among other things:  (a) Receivables purchased (or, in the case of Contributed Receivables,  received) by the Company from each Originator on the Closing Date (in the case of the Purchase  Report to be delivered on the Closing Date);  (b) Receivables purchased (or, in the case of Contributed Receivables,  received) by the Company from each Originator during the period commencing on the Monthly  Purchase Report Date immediately preceding such Monthly Purchase Report Date to (but not  including) such Monthly Purchase Report Date (in the case of each subsequent Purchase Report);  and  (c) the calculations of reductions of the Purchase Price for any Receivables as  provided in Section 3.3(a) and (b).  SECTION 2.2 Calculation of Purchase Price.  The “Purchase Price” to be paid to each  Originator for the Receivables that are purchased hereunder from such Originator shall be  determined in accordance with the following formula:  PP =  OB x FMVD   where:    PP = Purchase Price for each Receivable as calculated on the relevant  Payment Date.  OB = The Outstanding Balance of such Receivable on the relevant  Payment Date.  FMVD = Fair Market Value Discount, as measured on such Payment Date,  which is equal to the quotient (expressed as percentage) of (a) one  

 

   5 Purchase and Sale Agreement  divided by (b) the sum of (i) one, plus (ii) the product of (A) the  Prime Rate on such Payment Date, and (B) a fraction, the numerator  of which is the Days’ Sales Outstanding (calculated as of the last  Business Day of the calendar month next preceding such Payment  Date) and the denominator of which is 365.  For the avoidance of doubt, any reference in this Agreement or any Transaction Document  to any monetary amount (other than an amount denominated in U.S. dollars) shall mean the U.S.  Dollar Equivalent (as such term is defined in the Receivables Purchase Agreement) of such  monetary amount at the time of determination thereof.  “Payment Date” means (i) the Closing Date and (ii) each Business Day thereafter that the  Originators are open for business.  “Prime Rate” means a per annum rate equal to the “Prime Rate” as published in the “Money  Rates” section of The Wall Street Journal or if such information ceases to be published in The  Wall Street Journal, such other publication as determined by the Administrator in its sole  discretion.  ARTICLE III  PAYMENT OF PURCHASE PRICE  SECTION 3.1 Contribution of Receivables and Initial Purchase Price Payment.  (a) On the Closing Date, Cooper shall, and hereby does, contribute to the capital  of the Company, Receivables and Related Rights consisting of each Receivable of Cooper that  existed and was owing to Cooper on the Closing Date beginning with the oldest of such  Receivables and continuing chronologically thereafter such that the aggregate Outstanding  Balance of all such Contributed Receivables shall be equal to $10,000,000.  (b) On the terms and subject to the conditions set forth in this Agreement, the  Company agrees to pay to each Originator the Purchase Price for the purchase to be made from  such Originator on the Closing Date partially in cash (in an amount to be agreed between the  Company and such Originator and set forth in the initial Purchase Report) and partially by issuing  a promissory note in the form of Exhibit B to such Originator with an initial principal balance  equal to the remaining Purchase Price (each such promissory note, as it may be amended,  supplemented, endorsed or otherwise modified from time to time, together with all promissory  notes issued from time to time in substitution therefor or renewal thereof in accordance with the  Transaction Documents, each being herein called a “Company Note”).  SECTION 3.2 Subsequent Purchase Price Payments.  On each Payment Date subsequent  to the Closing Date, on the terms and subject to the conditions set forth in this Agreement, the  Company shall pay to each Originator the Purchase Price for the Receivables generated by such  Originator on such Payment Date:  (i) First, in cash to the extent the Company has cash available therefor  (and such payment is not prohibited under the Receivables Purchase Agreement)  and/or, if requested by such Originator, in consideration for causing the LC Bank  

 

   6 Purchase and Sale Agreement  to issue one or more Letters of Credit on the terms and subject to the conditions of  this Article III and the Receivables Purchase Agreement; and  (ii) Second, to the extent any portion of the Purchase Price remains  unpaid, the principal amount outstanding under the applicable Company Note shall  be automatically increased by an amount equal to such remaining Purchase Price;  provided, however, notwithstanding anything in this Agreement to the contrary, although the sales  occur daily, settlement shall be effected from time to time as mutually agreed by the Company and  the applicable Originator, provided that (i) settlement shall occur not less than once per calendar  month, and (ii) subject to the terms of the Company Note(s), amounts owing by the Company to  each Originator shall be payable at any time upon demand by the applicable Originator.  The Servicer shall make all appropriate record keeping entries with respect to each of the  Company Notes to reflect the foregoing payments and reductions made pursuant to Sections 3.3  and 3.5, and the Servicer’s books and records shall constitute rebuttable presumptive evidence of  the principal amount of, and accrued interest on, each of the Company Notes at any time. Each  Originator hereby irrevocably authorizes the Servicer to mark the Company Notes “CANCELED”  and to return such Company Notes to the Company upon the final payment thereof after the  occurrence of the Purchase and Sale Termination Date.  In the event such Originator requests that any purchases be paid for by issuance of a Letter  of Credit on behalf of such Originator or one of its Subsidiaries, such Originator shall on a timely  basis provide the Company with such information as is necessary for the Company to obtain such  Letter of Credit from the LC Bank. Such Originator shall have no reimbursement or recourse  obligations in respect of any Letter of Credit.  SECTION 3.3 Settlement as to Specific Receivables and Dilution.   (a) If, (i) on the day of purchase or contribution of any Receivable from an  Originator hereunder, any of the representations or warranties set forth in Sections 5.10, 5.15 and  5.17 are not true with respect to such Receivable or (ii) as a result of any action or inaction (other  than solely as a result of the failure to collect such Receivable due to a discharge in bankruptcy or  similar insolvency proceeding or other credit related reasons with respect to the relevant Obligor)  of such Originator, on any subsequent day, any of such representations or warranties set forth in  Sections 5.10, 5.15 and 5.17 is no longer true with respect to such Receivable, then the Purchase  Price (or in the case of a Contributed Receivable the Outstanding Balance of such Receivable (the  “Contributed Value”)), with respect to such Receivable shall be reduced by an amount equal to the  Outstanding Balance of such Receivable and shall be accounted to such Originator as provided in  clause (c) below; provided that if the Company thereafter receives payment on account of  Collections due with respect to such Receivable, the Company promptly shall deliver such funds  to such Originator.  (b) If, on any day, the Outstanding Balance of any Receivable (including any  Contributed Receivable) purchased or contributed hereunder is reduced or adjusted as a result of  any defective, rejected, returned goods or services, or any discount or other adjustment made by  any Originator, the Company or the Servicer or any setoff or dispute between any Originator or  

 

   7 Purchase and Sale Agreement  the Servicer and an Obligor as indicated on the books of the Company (or, for periods prior to the  Closing Date, the books of such Originator), then the Purchase Price or Contributed Value, as the  case may be, with respect to such Receivable shall be reduced by the amount of such net reduction  and shall be accounted to such Originator as provided in clause (c) below.  (c) Any reduction in the Purchase Price or Contributed Value of any Receivable  pursuant to clause (a) or (b) above shall be applied as a credit for the account of the Company  against the Purchase Price of Receivables subsequently purchased by the Company from such  Originator hereunder; provided, however, if there have been no purchases of Receivables from  such Originator (or insufficiently large purchases of Receivables) prior to the Monthly Settlement  Date immediately following any such reduction in the Purchase Price to create a Purchase Price  sufficient to so apply such credit against, the amount of such credit:  (i) to the extent of any outstanding principal balance under the  Company Note payable to such Originator, shall be deemed to be a payment under, and shall be  deducted from the principal amount outstanding under, the Company Note payable to such  Originator; and  (ii) after making any deduction pursuant to clause (i) above, shall be  paid in cash to the Company by such Originator on such Monthly Settlement Date in the manner  and for application as described in the following proviso;   provided, further, that at any time (y) when a Termination Event or an Unmatured Termination  Event exists under the Receivables Purchase Agreement or (z) on or after the Purchase and Sale  Termination Date, the amount of any such credit shall be paid by such Originator to the Company  by deposit in immediately available funds into a Lock-Box Account for application by the Servicer  to the same extent as if Collections of the applicable Receivable in such amount had actually been  received on such date.  SECTION 3.4 Reconveyance of Receivables.  In the event that an Originator has paid to  the Company the full Outstanding Balance of any Receivable pursuant to 0, the Company shall  reconvey such Receivable to such Originator, without representation or warranty, but free and  clear of all liens, security interests, charges, and encumbrances created by the Company.   SECTION 3.5 Letters of Credit.    (a) Upon the request of the Servicer (acting as agent for each Originator as  described in subsection (b) below), and on the terms and conditions for issuing Letters of Credit  under the Receivables Purchase Agreement (including any limitations therein on the amount of  any such issuance and the provision of notice to the LC Bank), the Company agrees to cause the  LC Bank to issue, on the Purchase Dates specified by the Servicer (on behalf of such Originator  or any of its designated Subsidiaries), Letters of Credit in favor of the beneficiaries specified by  the Servicer (on behalf of such Originator or such designated Subsidiary). The aggregate stated  amount of the Letters of Credit being issued on any Purchase Date on behalf of an Originator or  its designated Subsidiary shall constitute a credit against the aggregate Purchase Price payable by  the Company to such Originator on such Purchase Date pursuant to Section 3.2, and in the case of  a Letter of Credit being issued for the benefit of a Subsidiary of an Originator, such Originator  

 

   8 Purchase and Sale Agreement  confirms that it receives from such Subsidiary a benefit at least equal to the stated amount of the  requested Letter of Credit.  To the extent that the aggregate stated amount of the Letters of Credit  being issued on any Payment Date exceeds the aggregate Purchase Price payable by the Company  to such Originator on such Payment Date, such excess shall be deemed to be a reduction in the  outstanding principal balance of (and, to the extent necessary, the accrued but unpaid interest on)  the Company Note payable to such Originator. The aggregate stated amount of Letters of Credit  to be issued on any Payment Date shall not exceed the sum of the aggregate Purchase Price payable  on such Payment Date to such Originator plus the aggregate outstanding principal balance of and  accrued but unpaid interest on the Company Note payable to such Originator on such Payment  Date. In the event that any such Letter of Credit issued pursuant to this Section 3.5 (i) expires or  is cancelled or otherwise terminated with all or any portion of its stated amount undrawn, (ii) has  its stated amount decreased (for a reason other than a drawing having been made thereunder) or  (iii) the Company’s Reimbursement Obligation in respect thereof is reduced for any reason other  than by virtue of a payment made in respect of a drawing thereunder, then an amount equal to such  undrawn amount or such reduction, as the case may be, shall either be paid in cash to such  Originator on the next Payment Date or, if the Company does not then have cash available therefor,  shall be deemed to be added to the outstanding principal amount of the Company Note issued to  such Originator. Under no circumstances shall Cooper or any Originator have any reimbursement  or recourse obligations in respect of any Letter of Credit.  (b) Each Originator appoints the Servicer as its agent (on which appointment  the Company, the Sub-Servicers, the Purchaser Agents, the Administrator, the LC Bank, the LC  Participants and the Purchasers may rely until such Originator provides contrary written notice to  all of such Persons) to act on such Originator’s behalf to take all actions and to make all decisions  in respect of the issuance, amendment and administration of the Letters of Credit, including  requests for the issuance and extension of Letters of Credit and the allocation of the stated amounts  of Letters of Credit against Purchase Price owed to particular Originators and against Company  Notes issued to particular Originators. In the event that the Servicer requests a Letter of Credit  hereunder, the Servicer shall on a timely basis provide the Company with such information as is  necessary for the Company to obtain such Letter of Credit from the LC Bank, and shall notify the  relevant Originators, the Company and the Administrator of the allocations described in the  preceding sentence. Such allocations shall be binding on the Company and each Originator.  (c) Each Originator (on behalf of itself or its designated Subsidiary, if  applicable) agrees to be bound by the terms of each Letter of Credit Application referenced in the  Receivables Purchase Agreement and by the LC Bank’s interpretations of any Letter of Credit  issued for the Company and by the LC Bank’s written regulations and customary practices relating  to letters of credit.  ARTICLE IV  CONDITIONS OF PURCHASES  SECTION 4.1 Conditions Precedent to Initial Purchase.  The initial purchase hereunder is  subject to the condition precedent that the Company and the Administrator (as the Company’s  assignee) and each Purchaser Agent shall have received, on or before the Closing Date, the  following, each (unless otherwise indicated) dated the Closing Date, and each in form and  

 

   9 Purchase and Sale Agreement  substance satisfactory to the Company and the Administrator (as the Company’s assignee) and  each Purchaser Agent:  (a) A copy of the resolutions of the board of directors or managers of each  Originator approving the Transaction Documents to be executed and delivered by it and the  transactions contemplated hereby and thereby, certified by the Secretary or Assistant Secretary of  such Originator;  (b) Good standing certificates for each Originator issued as of a recent date  acceptable to the Company and the Administrator (as the Company’s assignee) by the Secretary  of State of the jurisdiction of such Originator’s organization and each jurisdiction where such  Originator is qualified to transact business;  (c) A certificate of the Secretary or Assistant Secretary of each Originator  certifying the names and true signatures of the officers authorized on such Person’s behalf to sign  the Transaction Documents to be executed and delivered by it (on which certificate the Servicer,  the Company and the Administrator (as the Company’s assignee) may conclusively rely until such  time as the Servicer, the Company and the Administrator (as the Company’s assignee) shall receive  from such Person a revised certificate meeting the requirements of this clause (c));  (d) The certificate or articles of incorporation or other organizational document  of each Originator duly certified by the Secretary of State of the jurisdiction of such Originator’s  organization as of a recent date, together with a copy of the by-laws of such Originator, each duly  certified by the Secretary or an Assistant Secretary of such Originator;  (e) Originals of the proper financing statements (Form UCC-1) that have been  duly authorized and name each Originator as the debtor/seller and the Company as the  buyer/assignor (and the Administrator, for the benefit of the Purchasers, as secured party/assignee)  of the Receivables generated by such Originator as may be necessary or, in the Company’s or the  Administrator’s opinion, desirable under the UCC of all appropriate jurisdictions to perfect the  Company’s ownership interest in all Receivables and such other rights, accounts, instruments and  moneys (including, without limitation, Related Security) in which an ownership or security interest  has been assigned to it hereunder;  (f) A written search report from a Person satisfactory to the Company and the  Administrator (as the Company’s assignee) listing all effective financing statements that name the  Originators as debtors or sellers and that are filed in all jurisdictions in which filings may be made  against such Person pursuant to the applicable UCC, together with copies of such financing  statements (none of which, except for those described in the foregoing clause (e) (and/or released  or terminated as the case may be prior to the First Omnibus Amendment Effective Date), shall  cover any Receivable or any Related Rights which are to be sold to the Company hereunder), and  tax and judgment lien search reports from a Person satisfactory to the Company showing no  evidence of such liens filed against any Originator;  (g) A favorable opinion of Jones Day, counsel to the Originators, in form and  substance satisfactory to the Company, the Administrator and each Purchaser Agent;  

 

   10 Purchase and Sale Agreement  (h) A Company Note in favor of each Originator, duly executed by the  Company;  (i) Evidence (i) of the execution and delivery by each of the parties thereto of  each of the other Transaction Documents to be executed and delivered in connection herewith and  (ii) that each of the conditions precedent to the execution, delivery and effectiveness of such other  Transaction Documents has been satisfied to the Company’s and the Administrator’s (as the  Company’s assignee) satisfaction; and  (j) A certificate from an officer of each Originator to the effect that such  Originator has placed on the most recent, and has taken all steps reasonably necessary to ensure  that there shall be placed on subsequent, summary master control data processing reports the  following legend (or the substantive equivalent thereof): “THE RECEIVABLES DESCRIBED  HEREIN HAVE BEEN SOLD TO COOPER RECEIVABLES LLC PURSUANT TO A  PURCHASE AND SALE AGREEMENT, DATED AS OF AUGUST 30, 2006, BETWEEN THE  ORIGINATORS NAMED THEREIN AND COOPER RECEIVABLES LLC; AND AN  INTEREST IN THE RECEIVABLES DESCRIBED HEREIN HAS BEEN GRANTED TO  WELLS FARGO BANK, NATIONAL ASSOCIATION, FOR THE BENEFIT OF THE  PURCHASERS UNDER THE SECOND AMENDED AND RESTATED RECEIVABLES  PURCHASE AGREEMENT, DATED AS OF FEBRUARY 15, 2018, AMONG COOPER  RECEIVABLES LLC, COOPER TIRE & RUBBER COMPANY, AS INITIAL SERVICER,  THE VARIOUS PURCHASERS AND PURCHASER AGENTS FROM TIME TO TIME  PARTY THERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS  ADMINISTRATOR, AS THE SAME MAY BE AMENDED, RESTATED, SUPPLEMENTED  OR OTHERWISE MODIFIED FROM TIME TO TIME.”  SECTION 4.2 Certification as to Representations and Warranties.  Each Originator, by  accepting the Purchase Price related to each purchase of Receivables generated by such Originator,  shall be deemed to have certified that the representations and warranties contained in Article V, as  from time to time amended in accordance with the terms hereof, are true and correct on and as of  such day, with the same effect as though made on and as of such day (except for representations  and warranties which apply to an earlier date, in which case such representations and warranties  shall be true and correct as of such earlier date).  SECTION 4.3 Additional Originators.  Additional Persons may be added as Originators  hereunder, with the prior written consent of the Company, the Administrator and each Purchaser  Agent; provided that following conditions are satisfied on or before the date of such addition:  (a) The Servicer shall have given the Company, the Administrator and each  Purchaser Agent at least thirty days prior written notice of such proposed addition and the identity  of the proposed additional Originator and shall have provided such other information with respect  to such proposed additional Originator as the Administrator or any Purchaser Agent may  reasonably request;  (b) such proposed additional Originator has executed and delivered to the  Company, the Administrator and each Purchaser Agent an agreement substantially in the form  attached hereto as Exhibit C (a “Joinder Agreement”);  

 

   11 Purchase and Sale Agreement  (c) such proposed additional Originator has delivered to the Company and the  Administrator (as the Company’s assignee) and each Purchaser Agent each of the documents with  respect to such Originator described in Sections 4.1 and 4.2, in each case in form and substance  satisfactory to the Company, the Administrator (as the Company’s assignee) and each Purchaser  Agent;  (d) unless the receivables intended to be sold by such additional Originator to  the Company hereunder are Receivables, the related underlying goods of which, are and will  continue to be generated by an already existing Originator, the Administrator shall have received,  to the extent required by the securitization program of any Conduit Purchaser, a written statement  from each applicable Rating Agency confirming that the addition of such Originator will not result  in a downgrade or withdrawal of the current ratings of the Notes; and  (e) no Purchase and Sale Termination Date shall have occurred and be  continuing.  ARTICLE V  REPRESENTATIONS AND WARRANTIES OF THE ORIGINATORS  In order to induce the Company to enter into this Agreement and to make purchases  hereunder, each Originator hereby represents and warrants with respect to itself that each  representation and warranty concerning it or the Receivables sold or contributed by it hereunder,  that is contained in the Receivables Purchase Agreement is true and correct, and hereby makes the  representations and warranties set forth in this Article V.  SECTION 5.1 Existence and Power.  Such Originator is duly organized, validly existing  and in good standing under the laws of the jurisdiction of its organization and has all power and  authority and all governmental licenses, authorizations, consents and approvals required to carry  on its business in each jurisdiction in which its business is conducted.  SECTION 5.2 Company and Governmental Authorization, Contravention.  The execution,  delivery and performance by such Originator of this Agreement are within such Originator’s  company powers, have been duly authorized by all necessary company action, require no action  by or in respect of, or filing with (other than the filing of the UCC financing statements and  continuation statements contemplated hereunder and disclosures and filings under applicable  securities laws), any governmental body, agency or official, and, do not contravene, or constitute  a default under, any provision of applicable law or regulation or of the organizational documents  of such Originator or of any agreement, judgment, injunction, order, decree or other instrument  binding upon such Originator or result in the creation or imposition of any lien (other than liens in  favor of the Company and Administrator under the Transaction Documents) on assets of such  Originator or any of its Subsidiaries.  SECTION 5.3 Binding Effect of Agreement.  This Agreement and each of the other  Transaction Documents to which it is a party constitutes the legal, valid and binding obligation of  such Originator enforceable against such Originator in accordance with its terms, except as such  enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws  

 

   12 Purchase and Sale Agreement  affecting the enforcement of creditors’ rights generally and by general principles of equity,  regardless of whether enforceability is considered in a proceeding in equity or at law.  SECTION 5.4 Accuracy of Information.  All written information heretofore furnished by  such Originator to the Company, the Administrator or any Purchaser Agent pursuant to or in  connection with this Agreement or any other Transaction Document (as modified or supplemented  by other information so furnished) is, and all such information hereafter furnished by such  Originator to the Company, the Administrator or any Purchaser Agent in writing pursuant to this  Agreement or any Transaction Document (as modified or supplemented by other information so  furnished), when taken as a whole, will be, true and accurate in all material respects on the date  such information is stated or certified; provided, however, that with respect to projected or pro  forma financial information and information of a general economic or industry specific nature,  such Originator represents only that such information has been prepared in good faith based on  assumptions believed by such Originator to be reasonable at the time of preparation.  SECTION 5.5 Actions, Suits.  Except as set forth in Schedule V, there are no actions, suits  or proceedings pending or, to the best of such Originator’s knowledge, threatened in writing  against or affecting such Originator or any of its Affiliates or their respective properties, in or  before any court, arbitrator or other body, which could reasonably be expected to have a Material  Adverse Effect upon the ability of such Originator (or such Affiliate) to perform its obligations  under this Agreement or any other Transaction Document to which it is a party.  SECTION 5.6 Taxes.  Such Originator has filed or caused to be filed all U.S. federal  income tax returns and all other material returns, statements, forms and reports for taxes, domestic  or foreign, required to be filed by it and has paid all taxes payable by it which have become due or  any assessments made against it or any of its property and all other material taxes, fees or other  charges imposed on it or any of its property by any Governmental Authority.  SECTION 5.7 Compliance with Applicable Laws.  Such Originator is in compliance with  the requirements of all applicable laws, rules, regulations and orders of all governmental  authorities except to the extent that the failure to comply would not be reasonably expected to have  a Material Adverse Effect. In addition, no Receivable sold or contributed hereunder contravenes  any laws, rules or regulations applicable thereto or to such Originator.  SECTION 5.8 Reliance on Separate Legal Identity.  Such Originator acknowledges that  each of the Purchasers, the Purchaser Agents and the Administrator are entering into the  Transaction Documents to which they are parties in reliance upon the Company’s identity as a  legal entity separate from such Originator.  SECTION 5.9 Investment Company.  Such Originator is not an “investment company,” or  a company “controlled” by an “investment company” within the meaning of the Investment  Company Act of 1940, as amended.  SECTION 5.10 Perfection.  Immediately preceding its sale of each Receivable hereunder,  such Originator was the owner of such Receivable sold or purported to be sold, free and clear of  any Adverse Claims, and each such sale hereunder constitutes a valid sale, transfer and assignment  of all of such Originator’s right, title and interest in, to and under the Receivables sold by it, free  

 

   13 Purchase and Sale Agreement  and clear of any Adverse Claims. On or before the First Omnibus Amendment Effective Date and  before the generation by such Originator of any new Receivable to be sold or otherwise conveyed  hereunder, all financing statements and other documents, if any, required to be recorded or filed  in order to perfect and protect the Company’s ownership interest in such Receivable against all  creditors of and purchasers from such Originator will have been duly filed in each filing office  necessary for such purpose, and all filing fees and taxes, if any, payable in connection with such  filings shall have been paid in full.  SECTION 5.11 Creation of Receivables.  Such Originator has exercised at least the same  degree of care and diligence in the creation of the Receivables sold, contributed or otherwise  transferred hereunder as it has exercised in connection with the creation of receivables originated  by it and not so transferred hereunder.  SECTION 5.12 Credit and Collection Policy.  Such Originator has complied in all material  respects with its Credit and Collection Policy in regard to each Receivable sold or contributed by  it hereunder and related Contract.  SECTION 5.13 Enforceability of Contracts.  Each Contract related to any Receivable sold  or contributed by such Originator hereunder is effective to create, and has created, a legal, valid  and binding obligation of the related Obligor to pay the outstanding balance of such Receivable,  enforceable against the Obligor in accordance with its terms, without being subject to any defense,  deduction, offset or counterclaim and such Originator has fully performed its obligations under  such Contract.  SECTION 5.14 Location and Offices.  As of the First Omnibus Amendment Effective  Date, such Originator’s location (as such term is defined in the applicable UCC) is at the address  set forth on Schedule II hereto, and such location has not been changed for at least four months  before the First Omnibus Amendment Effective Date. The offices where such Originator keeps all  records concerning the Receivables are located at the addresses set forth on Schedule III hereto or  such other locations of which the Company and the Administrator (as the Company’s assignee)  has been given written notice in accordance with the terms hereof.  SECTION 5.15 Good Title.  Upon the creation of each new Receivable sold or otherwise  conveyed or purported to be conveyed hereunder and on the Closing Date for then existing  Receivables, the Company shall have a valid and perfected first priority ownership interest in each  Receivable sold or contributed to it hereunder, free and clear of any Adverse Claim.  SECTION 5.16 Names.  Except as described in Schedule IV, such Originator has not used  any corporate or company names, tradenames or assumed names other than its name set forth on  the signature pages of this Agreement.  SECTION 5.17 Nature of Receivables.  Each Pool Receivable purchased or contributed  hereunder and included in the calculation of Net Receivables Pool Balance is, on the date of such  purchase or contribution, an Eligible Receivable.  SECTION 5.18 Bulk Sales, Margin Regulations, No Fraudulent Conveyance, Investment  Company.  No transaction contemplated hereby requires compliance with or will become subject  to avoidance under any bulk sales act or similar law. No use of funds obtained by such Originator  

 

   14 Purchase and Sale Agreement  hereunder will conflict with or contravene Regulation T, U or X of the Federal Reserve Board. No  purchase hereunder constitutes a fraudulent transfer or conveyance under any United States federal  or applicable state bankruptcy or insolvency laws or is otherwise void or voidable under such or  similar laws or principles or for any other reason.  SECTION 5.19 Financial Condition.   (a) The consolidated balance sheets of Cooper and its consolidated subsidiaries  as of December 31, 2019 and the related statements of income and shareholders’ equity of Cooper  and its consolidated subsidiaries for the fiscal year then ended certified by its independent  accountants, copies of which have been furnished to the Company and the Administrator (as the  Company’s assignee), present fairly in all material respects the consolidated financial position of  Cooper and its consolidated subsidiaries for the period ended on such date, all in accordance with  GAAP consistently applied; and since such date no event has occurred that has had, or could  reasonably be expected to have, a Material Adverse Effect.  (b) On the First Omnibus Amendment Effective Date, and on the date of each  purchase or contribution hereunder (both before and after giving effect to such purchase or  contribution), such Originator shall be Solvent.  SECTION 5.20 Licenses, Contingent Liabilities, and Labor Controversies.   (a) Such Originator has not failed to obtain any licenses, permits, franchises or  other governmental authorizations necessary to the ownership of its properties or to the conduct of  its business.  (b) There are no labor controversies pending against such Originator that have  had (or could be reasonably expected to have) a Material Adverse Effect.  SECTION 5.21 Reaffirmation of Representations and Warranties by the Originator.  On  each day that a new Receivable is created, and when sold or contributed to the Company hereunder,  such Originator shall be deemed to have certified that all representations and warranties set forth  in this Article V are true and correct on and as of such day (except for representations and  warranties which apply as to an earlier date (in which case such representations and warranties  shall be true and correct as of such earlier date)).  ARTICLE VI  COVENANTS OF THE ORIGINATORS  SECTION 6.1 Affirmative Covenants.  From the First Omnibus Amendment Effective  Date until the first day following the Purchase and Sale Termination Date, each Originator will,  unless the Administrator and the Company shall otherwise consent in writing, perform the  following:  (a) General Information.  Such Originator shall furnish to the Company, the  Administrator and each Purchaser Agent such information as such Person may from time to time  reasonably request.  

 

   15 Purchase and Sale Agreement  (b) Furnishing of Information and Inspection of Records.  Such Originator will  furnish to the Company, the Administrator and each Purchaser Agent from time to time such  information with respect to the Receivables as such Person may reasonably request; provided that  the preceding shall not obligate the Company (or the Servicer) to deliver Information Packages  more frequently than as set forth in the Receivables Purchase Agreement. Such Originator will, at  such Originator’s expense, at any time and from time to time during regular business hours with  prior written notice (i) permit the Company, the Administrator or any Purchaser Agent, or their  respective agents or representatives (so long as such Persons agree to comply with such  Originator’s reasonable security measures and visitation guidelines), (A) to examine and make  copies of and abstracts from all books and records relating to the Receivables or other Pool Assets  and (B) to visit the offices and properties of such Originator for the purpose of examining such  books and records, and to discuss matters relating to the Receivables, other Related Rights or such  Originator’s performance hereunder or under the other Transaction Documents to which it is a  party with any of the officers, directors, employees or independent public accountants of such  Originator (provided that representatives of such Originator are present during such discussions)  having knowledge of such matters and (ii) without limiting the provisions of clause (i) above, from  time to time during regular business hours, at Originator’s expense, upon reasonable prior written  notice from the Company, the Administrator or any Purchaser Agent, permit certified public  accountants or other auditors acceptable to the Administrator and the Purchaser Agents (so long  as such Persons agree to comply with such Originator’s reasonable security measures and visitation  guidelines) to conduct, a review of its books and records with respect to the Receivables; provided  that unless a Termination Event has occurred and is continuing , the first such review in any twelve- month period results in negative findings, or the Information Packages delivered have revealed a  material variance from historic Pool Receivables performance, the Originator and its Affiliates  shall be required to reimburse the Administrator and the Purchaser Agents, together, for the out- of-pocket expenses of only one (1) such review in any twelve-month period pursuant to this  Section or any equivalent Sections of this Agreement and the other Transaction Documents.  (c) Keeping of Records and Books.  Such Originator will have and maintain  (i) administrative and operating procedures (including an ability to recreate records if originals are  destroyed), (ii) adequate facilities, personnel and equipment and (iii) all records and other  information reasonably necessary for collection of the Receivables originated by such Originator  (including records adequate to permit the daily identification of each new such Receivable and all  Collections of, and adjustments to, each existing such Receivable). Such Originator will give the  Company, the Administrator and each Purchaser Agent prior notice of any change in such  administrative and operating procedures that causes them to be materially different from the  procedures described to the Company, the Administrator and each Purchaser Agent on or before  the First Omnibus Amendment Effective Date as such Originator’s then existing or planned  administrative and operating procedures for collecting Receivables.  (d) Performance and Compliance with Receivables and Contracts.  Such  Originator will at its expense timely and fully perform and comply with all provisions, covenants  and other promises required to be observed by it under all Contracts or other documents or  agreements related to the Receivables.  

 

   16 Purchase and Sale Agreement  (e) Credit and Collection Policy.  Such Originator will comply with its Credit  and Collection Policy in regard to each Receivable originated by it and any related Contract or  other related document or agreement.  (f) Receivable Purchase Agreement.  Such Originator will perform and comply  with each covenant and other undertaking in the Receivables Purchase Agreement that the  Company undertakes to cause such Originator to perform, subject to any grace periods for such  performance provided for in the Receivables Purchase Agreement.  (g) Preservation of Existence.  Such Originator shall preserve and maintain its  existence as a corporation, partnership or limited liability company, as applicable, and all rights,  franchises and privileges in the jurisdiction of its organization, and qualify and remain qualified in  good standing as a foreign corporation, partnership or limited liability company, as applicable, in  each jurisdiction where the failure to preserve and maintain such existence, rights, franchises,  privileges and qualification would be reasonably expected to have a Material Adverse Effect.  (h) Location of Records.  Keep its location (as such term is defined in the  applicable UCC), and the offices where it keeps its records concerning or related to Receivables,  at the address(es) referred to in Schedule II or Schedule III, respectively, or, upon 30 days’ prior  written notice to the Company, the Administrator (as the Company’s assignee) and each Purchaser  Agent, at such other locations in jurisdictions where all action required by Section 7.3 shall have  been taken and completed.  (i) Post Office Boxes.  On or prior to the First Omnibus Amendment Effective  Date, deliver to the Servicer (on behalf of the Company) a certificate from an authorized officer  of such Originator to the effect that (i) the names of the renter of all post office boxes into which  the Originator has or will direct Obligors to send Collections have been changed to the name of  the Company (unless such post office boxes are in the name of the relevant Lock-Box Banks) and  (ii) all relevant postmasters have been notified that each of the Servicer and the Administrator are  authorized to collect mail delivered to such post office boxes (unless such post office boxes are in  the name of the relevant Lock-Box Banks).  SECTION 6.2 Reporting Requirements.  From the First Omnibus Amendment Effective  Date until the first day following the Purchase and Sale Termination Date, each Originator will,  unless the Company, the Administrator and the Majority Purchaser Agents shall otherwise consent  in writing, furnish to the Company, the Administrator and the Majority Purchaser Agents:  (a) Purchase and Sale Termination Events.  As soon as possible, and in any  event within three (3) Business Days after such Originator becomes aware of the occurrence of  each Purchase and Sale Termination Event or each event which with notice or the passage of time  or both would become a Purchase and Sale Termination Event (an “Unmatured Purchase and Sale  Termination Event”), a written statement of the chief financial officer or chief accounting officer  of such Originator describing such Purchase and Sale Termination Event or Unmatured Purchase  and Sale Termination Event and the action that such Originator proposes to take with respect  thereto, in each case in reasonable detail;  

 

   17 Purchase and Sale Agreement  (b) Proceedings.  As soon as possible and in any event within three (3) Business  Days after such Originator becomes aware thereof, written notice of (i) litigation, investigation or  proceeding of the type described in Section 5.5 not previously disclosed to the Company, the  Administrator and each Purchaser Agent which would reasonably be expected to have a Material  Adverse Effect, and (ii) all material adverse developments that have occurred with respect to any  previously disclosed litigation, proceedings and investigations; and  (c) Other.  Promptly, from time to time, such other information, documents,  records or reports respecting the Receivables or the conditions or operations, financial or  otherwise, of such Originator as the Company, the Administrator or any Purchaser Agent may  from time to time reasonably request in order to protect the interests of the Company, the  Purchasers, the Purchaser Agents or the Administrator under or as contemplated by the Transaction  Documents.  SECTION 6.3 Negative Covenants.  From the First Omnibus Amendment Effective Date  until the first date following the Purchase and Sale Termination Date when no Aggregate Capital  or Discount with respect to the Purchased Interest remains outstanding and all obligations of such  Originator to the Company and its assigns have been satisfied in full, each Originator agrees that,  unless the Company, the Administrator and the Majority Purchaser Agents shall otherwise consent  in writing, it shall not:  (a) Sales, Liens, Etc.  Except as otherwise provided herein or in any other  Transaction Document, sell, assign (by operation of law or otherwise) or otherwise dispose of, or  create or suffer to exist any Adverse Claim upon or with respect to, any Receivable sold,  contributed or otherwise conveyed or purported to be sold, contributed or otherwise conveyed  hereunder or related Contract or Related Security, or any interest therein, or any Collections  thereon, or assign any right to receive income in respect thereof.  (b) Extension or Amendment of Receivables.  Except as otherwise permitted in  Section 4.2(a) of the Receivables Purchase Agreement and the applicable Credit and Collection  Policy, extend, amend or otherwise modify the terms of any Receivable in any material respect  generated by it that is sold, contributed or otherwise conveyed hereunder, or amend, modify or  waive, in any material respect, the provisions of any Contract related thereto.  (c) Change in Business or Credit and Collection Policy.  (i) Make any material  change in the character of its business, which change would be reasonably expected to materially  impair the collectability of any Pool Receivable, or (ii) make any change in its Credit and  Collection Policy that would reasonably be expected to materially and adversely affect the  collectability of any significant portion of the Pool Receivables, the enforceability of any related  Contract or the applicable Originator’s ability to perform its obligations under such related  Contract or the Transaction Documents.  Promptly following any other change in the Credit and  Collection Policy, such Originator will deliver a copy of the updated Credit and Collection Policy  to the Administrator and the Purchaser Agents.  (d) Receivables Not to be Evidenced by Promissory Notes or Chattel Paper.   Except as otherwise provided in the Receivables Purchase Agreement in regard to servicing, take  any action to cause or permit any Receivable generated by it that is sold or contributed by it  

 

   18 Purchase and Sale Agreement  hereunder to become evidenced by any “instrument” or “chattel paper” (as defined in the  applicable UCC).  (e) Mergers, Acquisitions, Sales, etc.  (i) Be a party to any merger,  consolidation or other restructuring, except a merger, consolidation or other restructuring (x)  where such Originator is the survivor, or (y) where such Originator is not the survivor, and the  Company, the Administrator and each Purchaser Agent have each (A) received 30 days’ prior  notice thereof, (B) consented in writing thereto (such consent not to be unreasonably, withheld  conditioned or delayed), (C) received executed copies of all documents, certificates and opinions  (including, without limitation, opinions relating to bankruptcy and UCC matters) as the Company,  the Administrator or any Purchaser Agent shall request and (D) been satisfied that all other action  to perfect and protect the interests of the Company and the Administrator, on behalf of the  Purchasers, in and to the Receivables to be sold by it hereunder and other Related Rights, as  requested by the Company, the Administrator or any Purchaser Agent shall have been taken by,  and at the expense of such Originator (including the filing of any UCC financing statements, the  receipt of certificates and other requested documents from public officials and all such other  actions required pursuant to Section 7.3) or (ii) directly or indirectly sell, transfer, assign, convey  or lease (A) whether in one or a series of transactions, all or substantially all of its assets or (B) any  Receivables or any interest therein (other than pursuant to this Agreement or the Intercreditor  Agreement).  (f) Lock-Box Banks.  Make any changes in its instructions to Obligors  regarding Collections on Receivables sold, contributed or otherwise conveyed by it hereunder or  add or terminate any bank as a Lock-Box Bank unless the requirements of Section 1(f) of  Exhibit IV to the Receivables Purchase Agreement have been met.  (g) Accounting for Purchases.  Account for or treat (whether in financial  statements or otherwise) the transactions contemplated hereby in any manner other than as sales  of the Receivables and Related Rights by such Originator to the Company.  (h) Transaction Documents.  Enter into, execute, deliver or otherwise become  bound after the Closing Date by any agreement, instrument, document or other arrangement that  restricts the right of such Originator to amend, supplement, amend and restate or otherwise modify,  or to extend or renew, or to waive any right under, this Agreement or any other Transaction  Document.  SECTION 6.4 Substantive Consolidation.  Each Originator hereby acknowledges that this  Agreement and the other Transaction Documents are being entered into in reliance upon the  Company’s identity as a legal entity separate from such Originator and its Affiliates. Therefore,  from and after the date hereof, each Originator shall take all reasonable steps necessary to make it  apparent to third Persons that the Company is an entity with assets and liabilities distinct from  those of such Originator and any other Person, and is not a division of such Originator, its Affiliates  or any other Person. Without limiting the generality of the foregoing and in addition to and  consistent with the other covenants set forth herein, such Originator shall take such actions as shall  be required in order that:  

 

   19 Purchase and Sale Agreement  (a) such Originator shall not be involved in the day to day management of the  Company;  (b) such Originator shall maintain separate corporate records and books of  account from the Company and otherwise will observe corporate formalities and have a separate  area from the Company for its business (which may be located at the same address as the Company,  and, to the extent that it and the Company have offices in the same location, there shall be a fair  and appropriate allocation of overhead costs between them, and each shall bear its fair share of  such expenses);  (c) the financial statements and books and records of such Originator shall be  prepared after the date of creation of the Company to reflect and shall reflect the separate existence  of the Company; provided that the Company’s assets and liabilities may be included in a  consolidated financial statement issued by an affiliate of the Company; provided, however, that  any such consolidated financial statement or the notes thereto shall make clear that the Company’s  assets are not available to satisfy the obligations of such affiliate;  (d) except as permitted by the Receivables Purchase Agreement, (i) such  Originator shall maintain its assets (including, without limitation, deposit accounts) separately  from the assets (including, without limitation, deposit accounts) of the Company and (ii) the  Company’s assets, and records relating thereto, have not been, are not, and shall not be,  commingled with those of any Originator (other than the Pep Boys Collections);  (e) all of the Company’s business correspondence and other communications  shall be conducted in the Company’s own name and on its own stationery;  (f) such Originator shall not act as an agent for the Company, other than Cooper  in its capacity as the Servicer, and in connection therewith, Cooper shall present itself to the public  as an agent for the Company and a legal entity separate from the Company;  (g) such Originator shall not conduct any of the business of the Company in its  own name;  (h) such Originator shall not pay any liabilities of the Company out of its own  funds or assets;  (i) such Originator shall maintain an arm’s-length relationship with the  Company;  (j) such Originator shall not assume or guarantee or become obligated for the  debts of the Company or hold out its credit as being available to satisfy the obligations of the  Company;  (k) such Originator shall not acquire obligations of the Company;  (l) such Originator shall allocate fairly and reasonably overhead or other  expenses that are properly shared with the Company, including, without limitation, shared office  space;  

 

   20 Purchase and Sale Agreement  (m) such Originator shall identify and hold itself out as a separate and distinct  entity from the Company;  (n) such Originator shall correct any known misunderstanding respecting its  separate identity from the Company;  (o) such Originator shall not enter into, or be a party to, any transaction with  the Company, except in the ordinary course of its business and on terms which are intrinsically  fair and not less favorable to it than would be obtained in a comparable arm’s-length transaction  with an unrelated third party;  (p) such Originator shall not pay the salaries of the Company’s employees, if  any; and  (q) to the extent not already covered in paragraphs (a) through (p) above, such  Originator shall comply and/or act in accordance with all of the other separateness covenants set  forth in Section 3 of Exhibit IV to the Receivables Purchase Agreement.  ARTICLE VII  ADDITIONAL RIGHTS AND OBLIGATIONS  IN RESPECT OF RECEIVABLES  SECTION 7.1 Rights of the Company.  Each Originator hereby authorizes the Company,  the Servicer or their respective designees or assignees under the Receivables Purchase Agreement  (including, without limitation, the Administrator) to take any and all steps in such Originator’s  name necessary or desirable, in their respective determination, to collect all amounts due under  any and all Receivables sold, contributed or otherwise conveyed or purported to be conveyed by  it hereunder, including, without limitation, endorsing the name of such Originator on checks and  other instruments representing Collections and enforcing such Receivables and the provisions of  the related Contracts that concern payment and/or enforcement of rights to payment.  SECTION 7.2 Responsibilities of the Originators. Anything herein to the contrary  notwithstanding:  (a) Collection Procedures.  Each Originator agrees to direct its respective  Obligors to make payments of Receivables sold, contributed or otherwise conveyed or purported  to be conveyed by it hereunder directly to a post office box related to the relevant Lock-Box  Account at a Lock-Box Bank. Each Originator further agrees to transfer any Collections of  Receivables sold or conveyed by it hereunder that it receives directly to a Lock-Box Account  within two (2) Business Days of receipt thereof and agrees that all such Collections shall be  deemed to be received in trust for the Company and the Administrator (for the benefit of the  Purchasers).  (b) Each Originator shall perform its obligations hereunder, and the exercise by  the Company or its designee of its rights hereunder shall not relieve such Originator from such  obligations.  

 

   21 Purchase and Sale Agreement  (c) None of the Company, the Servicer, the Purchasers, the Purchaser Agents  or the Administrator shall have any obligation or liability to any Obligor or any other third Person  with respect to any Receivables, Contracts related thereto or any other related agreements, nor  shall the Company, the Servicer, the Purchasers, the Purchaser Agents or the Administrator be  obligated to perform any of the obligations of such Originator thereunder.  (d) Each Originator hereby grants to the Administrator an irrevocable power of  attorney, with full power of substitution, coupled with an interest, during the occurrence and  continuation of a Purchase and Sale Termination Event to take in the name of such Originator all  steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right  of any kind held or transmitted by such Originator or transmitted or received by the Company  (whether or not from such Originator) in connection with any Receivable sold, contributed or  otherwise conveyed or purported to be conveyed by it hereunder or Related Right.  SECTION 7.3 Further Action Evidencing Purchases. Each Originator agrees that from  time to time, at its expense, it will promptly execute and deliver all further instruments and  documents, and take all further action that the Company, the Servicer, the Administrator or any  Purchaser Agent may reasonably request in order to perfect, protect or more fully evidence the  Receivables and Related Rights purchased by or contributed to the Company hereunder, or to  enable the Company to exercise or enforce any of its rights hereunder or under any other  Transaction Document. Without limiting the generality of the foregoing, upon the request of the  Company, the Administrator or any Purchaser Agent, such Originator will:  (a) execute (if applicable), authorize and file such financing or  continuation statements, or amendments thereto or assignments thereof, and such  other instruments or notices, as may be necessary or appropriate; and  (b) within 30 days after the First Omnibus Amendment  Effective Date and from time to time, if requested thereafter, mark the master data  processing records that evidence or list such Receivables and related Contracts with  the legend set forth in Section 4.1(j).  Each Originator hereby authorizes the Company or its designee (including, without limitation, the  Administrator) to file one or more financing or continuation statements, and amendments thereto  and assignments thereof, without the signature of such Originator, relative to all or any of the  Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder  and Related Rights now existing or hereafter generated by such Originator. If any Originator fails  to perform any of its agreements or obligations under this Agreement, the Company or its designee  (including, without limitation, the Administrator) may (but shall not be required to) itself perform,  or cause the performance of, such agreement or obligation, and the expenses of the Company or  its designee (including, without limitation, the Administrator) incurred in connection therewith  shall be payable by such Originator.  SECTION 7.4 Application of Collections.  Any payment by an Obligor in respect of any  indebtedness owed by it to any Originator shall, except as otherwise specified by such Obligor or  required by applicable law and unless otherwise instructed by the Servicer (with the prior written  consent of the Administrator) or the Administrator, be applied as a Collection of any Receivable  

 

   22 Purchase and Sale Agreement  or Receivables of such Obligor to the extent of any amounts then due and payable thereunder  before being applied to any other indebtedness of such Obligor.  ARTICLE VIII  PURCHASE AND SALE TERMINATION EVENTS  SECTION 8.1 Purchase and Sale Termination Events.  Each of the following events or  occurrences described in this Section 8.1 shall constitute a “Purchase and Sale Termination Event”:  (a) The Facility Termination Date (as defined in the Receivables Purchase  Agreement) shall have occurred; or  (b) Any Originator shall fail to make when due any payment or deposit to be  made by it under this Agreement or any other Transaction Document to which it is a party and  such failure shall remain unremedied for two (2) Business Days; or  (c) Any representation or warranty made or deemed to be made by any  Originator (or any of its officers) under or in connection with this Agreement, any other  Transaction Documents to which it is a party, or any other information or report delivered pursuant  hereto or thereto shall prove to have been incorrect or untrue in any material respect when made  or deemed made or delivered; provided, that no breach of a representation or warranty set forth in  Sections 5.10, 5.15 and 5.17 shall constitute a Purchase and Sale Termination Event pursuant to  this clause (c) if the applicable Originator has complied  with Section 3.3 with respect to such  breach; or  (d) Any Originator shall fail to perform or observe any other term, covenant or  agreement contained in this Agreement or any other Transaction Document to which it is a party  and, except as otherwise provided herein, such failure shall, solely to the extent capable of cure,  remain unremedied for thirty (30) days after the earlier of any such Originator’s knowledge or  notice thereof.  SECTION 8.2 Remedies.  (a) Optional Termination.  Upon the occurrence of a Purchase and Sale  Termination Event, the Company shall have the option, by notice to the Originators (with a copy  to the Administrator), to declare the Purchase Facility as terminated.  (b) Remedies Cumulative.  Upon any termination of the Purchase Facility  pursuant to Section 8.2(a), the Company shall have, in addition to all other rights and remedies  under this Agreement, all other rights and remedies provided under the UCC of each applicable  jurisdiction and other applicable laws, which rights shall be cumulative.  ARTICLE IX  INDEMNIFICATION  SECTION 9.1 Indemnities by the Originators.  Without limiting any other rights which the  Company may have hereunder or under applicable law, each Originator, severally and for itself  alone and Cooper, jointly and severally with each Originator, hereby agrees to indemnify the  

 

   23 Purchase and Sale Agreement  Company and each of its officers, directors, employees and agents (each of the foregoing Persons  being individually called a “Purchase and Sale Indemnified Party”), forthwith on demand, from  and against any and all damages, losses, claims, judgments, liabilities and related costs and  expenses, including reasonable attorneys’ fees and disbursements (all of the foregoing being  collectively called “Purchase and Sale Indemnified Amounts”) awarded against or incurred by any  of them arising out of or as a result of the failure of such Originator to perform its obligations  under this Agreement or any other Transaction Document, or arising out of the claims asserted  against a Purchase and Sale Indemnified Party relating to the transactions contemplated herein or  therein or the use of proceeds thereof or therefrom; excluding, however, (i) Purchase and Sale  Indemnified Amounts to the extent resulting from gross negligence or willful misconduct on the  part of such Purchase and Sale Indemnified Party, (ii) any indemnification which has the effect of  recourse for non-payment of the Receivables due to a discharge in bankruptcy or similar  insolvency proceeding or other credit related reasons with respect to the relevant Obligor and  (iii) any net income or franchise tax imposed on such Purchase and Sale Indemnified Party by the  jurisdiction under the laws of which such Purchase and Sale Indemnified Party is organized or any  political subdivision thereof. Without limiting the foregoing, and subject to the exclusions set forth  in the preceding sentence, each Originator, severally for itself alone and Cooper, jointly and  severally with each Originator, shall indemnify each Purchase and Sale Indemnified Party for  Purchase and Sale Indemnified Amounts relating to or resulting from:  (a) the transfer by such Originator of an interest in any Receivable to any  Person other than the Company;  (b) the breach of any representation or warranty made by such Originator (or  any of its officers) under or in connection with this Agreement or any other Transaction Document,  or any information or report delivered by Originator pursuant hereto or thereto, which shall have  been false or incorrect when made or deemed made;  (c) the failure by such Originator to comply with any applicable law, rule or  regulation with respect to any Receivable generated by such Originator sold, contributed or  otherwise transferred or purported to be transferred hereunder or the related Contract, or the  nonconformity of any Receivable generated by such Originator sold, contributed or otherwise  transferred or purported to be transferred hereunder or the related Contract with any such  applicable law, rule or regulation;  (d) the failure by such Originator to vest and maintain vested in the Company  an ownership interest in the Receivables generated by such Originator sold, contributed or  otherwise transferred or purported to be transferred hereunder free and clear of any Adverse Claim;  (e) the failure to file, or any delay in filing, by such Originator financing  statements or other similar instruments or documents under the UCC of any applicable jurisdiction  or other applicable laws with respect to any Receivables or purported Receivables generated by  such Originator sold, contributed or otherwise transferred or purported to be transferred hereunder,  whether at the time of any purchase or contribution or at any subsequent time to the extent required  hereunder;  

 

   24 Purchase and Sale Agreement  (f) any dispute, claim, offset or defense (other than discharge in bankruptcy or  similar insolvency proceeding of an Obligor or other credit related reasons) of the Obligor to the  payment of any Receivable or purported Receivable generated by such Originator sold, contributed  or otherwise transferred or purported to be transferred hereunder (including, without limitation, a  defense based on such Receivable’s or the related Contract’s not being a legal, valid and binding  obligation of such Obligor enforceable against it in accordance with its terms), or any other claim  resulting from the services related to any such Receivable or the furnishing of or failure to furnish  such services;  (g) any product liability claim arising out of or in connection with services that  are the subject of any Receivable generated by such Originator; and  (h) any tax or governmental fee or charge (other than any tax excluded pursuant  to clause (iii) in the proviso to the preceding sentence), all interest and penalties thereon or with  respect thereto, and all out-of-pocket costs and expenses, including the reasonable fees and  expenses of counsel in defending against the same, which are required to be paid by reason of the  purchase or ownership of the Receivables generated by such Originator or any Related Security  connected with any such Receivables.  If for any reason the indemnification provided above in this Section 9.1 is unavailable to a Purchase  and Sale Indemnified Party or is insufficient to hold such Purchase and Sale Indemnified Party  harmless, then each of the Originators, severally and for itself and Cooper, jointly and severally  with each Originator, shall contribute to the amount paid or payable by such Purchase and Sale  Indemnified Party to the maximum extent permitted under applicable law.  ARTICLE X  MISCELLANEOUS  SECTION 10.1 Amendments, etc.  (a) The provisions of this Agreement may from time to time be amended,  modified or waived, if such amendment, modification or waiver is in writing and executed by the  Company and each Originator, with the prior written consent of the Administrator and the Majority  Purchaser Agents.  (b) No failure or delay on the part of the Company, the Servicer, any Originator  or any third-party beneficiary in exercising any power or right hereunder shall operate as a waiver  thereof, nor shall any single or partial exercise of any such power or right preclude any other or  further exercise thereof or the exercise of any other power or right. No notice to or demand on the  Company, the Servicer or any Originator in any case shall entitle it to any notice or demand in  similar or other circumstances. No waiver or approval by the Company or the Servicer under this  Agreement shall, except as may otherwise be stated in such waiver or approval, be applicable to  subsequent transactions.  No waiver or approval under this Agreement shall require any similar or  dissimilar waiver or approval thereafter to be granted hereunder.  (c) The Transaction Documents contain a final and complete integration of all  prior expressions by the parties hereto with respect to the subject matter thereof and shall constitute  

 

   25 Purchase and Sale Agreement  the entire agreement among the parties hereto with respect to the subject matter thereof,  superseding all prior oral or written understandings.  SECTION 10.2 Notices, etc. All notices and other communications provided for hereunder  shall, unless otherwise stated herein, be in writing (including facsimile communication) and shall  be delivered or sent by facsimile, or by overnight mail, to the intended party at the mailing address  or facsimile number of such party set forth under its name on the signature pages hereof or at such  other address or facsimile number as shall be designated by such party in a written notice to the  other parties hereto or in the case of the Administrator or any Purchaser Agent, at their respective  address for notices pursuant to the Receivables Purchase Agreement. All such notices and  communications shall be effective (i) if delivered by overnight mail, when received, and (ii) if  transmitted by facsimile, when sent, receipt confirmed by telephone or electronic means.  SECTION 10.3 No Waiver; Cumulative Remedies.  The remedies herein provided are  cumulative and not exclusive of any remedies provided by law. Without limiting the foregoing,  each Originator hereby authorizes the Company, at any time and from time to time, to the fullest  extent permitted by law, to set off, against any obligations of such Originator to the Company  arising in connection with the Transaction Documents (including, without limitation, amounts  payable pursuant to Section 9.1) that are then due and payable or that are not then due and payable  but have accrued, any and all indebtedness at any time owing by the Company to or for the credit  or the account of such Originator.  SECTION 10.4 Binding Effect; Assignability. This Agreement shall be binding upon and  inure to the benefit of the Company and each Originator and their respective successors and  permitted assigns. No Originator may assign any of its rights hereunder or any interest herein  without the prior written consent of the Company, the Administrator and each Purchaser Agent,  except as otherwise herein specifically provided. This Agreement shall create and constitute the  continuing obligations of the parties hereto in accordance with its terms and shall remain in full  force and effect until such time as the parties hereto shall agree. The rights and remedies with  respect to any breach of any representation and warranty made by any Originator pursuant to  Article V and the indemnification and payment provisions of Article IX and Section 10.6 shall be  continuing and shall survive any termination of this Agreement.  SECTION 10.5 Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY,  AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.  SECTION 10.6 Costs, Expenses and Taxes.  In addition to the obligations of the  Originators under Article IX, each Originator, severally and for itself alone and Cooper, jointly  and severally with each Originator, agrees to pay on demand:  (a) to the Company (and any successor and permitted assigns thereof) all  reasonable costs and expenses incurred by such Person in connection with the enforcement of this  Agreement and the other Transaction Documents; and  (b) all stamp and other taxes and fees payable in connection with the execution,  delivery, filing and recording of this Agreement or the other Transaction Documents to be  delivered hereunder, and agrees to indemnify each Purchase and Sale Indemnified Party against  

 

   26 Purchase and Sale Agreement  any liabilities with respect to or resulting from any delay in paying or omitting to pay such taxes  and fees.  SECTION 10.7 SUBMISSION TO JURISDICTION.  EACH PARTY HERETO  HEREBY IRREVOCABLY (a) SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF  ANY COURT OF THE STATE OF NEW YORK OR THE FEDERAL COURT OF THE  UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK OVER ANY ACTION  OR PROCEEDING ARISING OUT OF OR RELATING TO ANY TRANSACTION  DOCUMENT; (b) AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR  PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH STATE OR UNITED  STATES FEDERAL COURT; (c) WAIVES, TO THE FULLEST EXTENT IT MAY  EFFECTIVELY DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO THE  MAINTENANCE OF SUCH ACTION OR PROCEEDING; (d) IRREVOCABLY CONSENTS  TO THE SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR  PROCEEDING BY THE MAILING OF COPIES OF SUCH PROCESS TO SUCH PERSON AT  ITS ADDRESS SPECIFIED IN Section 10.2; AND (e) AGREES THAT A FINAL JUDGMENT  IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE  ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY  OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS Section 10.7 SHALL AFFECT  THE COMPANY’S RIGHT TO SERVE LEGAL PROCESS IN ANY OTHER MANNER  PERMITTED BY LAW OR TO BRING ANY ACTION OR PROCEEDING AGAINST ANY  ORIGINATOR OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTIONS.  SECTION 10.8 WAIVER OF JURY TRIAL.  EACH PARTY HERETO WAIVES ANY  RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR  DEFEND ANY RIGHTS UNDER OR RELATING TO THIS AGREEMENT, ANY OTHER  TRANSACTION DOCUMENT, OR ANY AMENDMENT, INSTRUMENT, DOCUMENT OR  AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN  CONNECTION HEREWITH OR ARISING FROM ANY RELATIONSHIP EXISTING IN  CONNECTION WITH THIS AGREEMENT OR ANY OTHER TRANSACTION DOCUMENT,  AND AGREES THAT (a) ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED  BEFORE A COURT AND NOT BEFORE A JURY AND (b) ANY PARTY HERETO (OR ANY  ASSIGNEE OR THIRD PARTY BENEFICIARY OF THIS AGREEMENT) MAY FILE AN  ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS  WRITTEN EVIDENCE OF THE CONSENT OF ANY OTHER PARTY OR PARTIES HERETO  TO WAIVER OF ITS OR THEIR RIGHT TO TRIAL BY JURY.  SECTION 10.9 Captions and Cross References; Incorporation by Reference.  The various  captions (including, without limitation, the table of contents) in this Agreement are included for  convenience only and shall not affect the meaning or interpretation of any provision of this  Agreement. References in this Agreement to any underscored Section or Exhibit are to such  Section or Exhibit of this Agreement, as the case may be. The Exhibits hereto are hereby  incorporated by reference into and made a part of this Agreement.  SECTION 10.10 Execution in Counterparts.  This Agreement may be executed in any  number of counterparts and by different parties hereto in separate counterparts, each of which  

 

   27 Purchase and Sale Agreement  when so executed shall be deemed to be an original and all of which when taken together shall  constitute one and the same Agreement.  SECTION 10.11 Acknowledgment and Agreement.  By execution below, each Originator  expressly acknowledges and agrees that all of the Company’s rights, title, and interests in, to, and  under this Agreement (but not its obligations), shall be assigned by the Company to the  Administrator (for the benefit of the Purchasers) pursuant to the Receivables Purchase Agreement,  and each Originator consents to such assignment. Each of the parties hereto acknowledges and  agrees that the Purchasers, the Purchaser Agents and the Administrator are third party beneficiaries  of the rights of the Company arising hereunder and under the other Transaction Documents to  which any Originator is a party.  SECTION 10.12 No Proceeding.  Each Originator hereby agrees that it will not institute,  or join any other Person in instituting, against the Company any Insolvency Proceeding so long as  any of the Company Notes remains outstanding and for at least one year and one day following  the day on which the aggregate outstanding principal amount of each Company Note is paid in  full. Each Originator further agrees that notwithstanding any provisions contained in this  Agreement to the contrary, the Company shall not, and shall not be obligated to, pay any amount  in respect of any Company Note or otherwise to such Originator pursuant to this Agreement unless  the Company has received funds which may, subject to Section 1.4 of the Receivables Purchase  Agreement, be used to make such payment. Any amount which the Company does not pay  pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101  of the Bankruptcy Code) against or corporate obligation of the Company by such Originator for  any such insufficiency unless and until the provisions of the foregoing sentence are satisfied. The  agreements in this Section 10.12 shall survive any termination of this Agreement.  SECTION 10.13 Limited Recourse.  Except as explicitly set forth herein, the obligations  of the Company under this Agreement or any other Transaction Documents to which it is a party  are solely the obligations of the Company. No recourse under any Transaction Document shall be  had against, and no liability shall attach to, any officer, employee, director, or beneficiary, whether  directly or indirectly, of the Company. The agreements in this Section 10.13 shall survive any  termination of this Agreement.  [Signature Pages Follow]  

 

   S-1 Purchase and Sale Agreement  IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by  their respective officers thereunto duly authorized as of the date first above written.  COOPER RECEIVABLES LLC      By: /s/ Charles F. Nagy     Name: Charles F. Nagy  Title: Assistant Treasurer    By: /s/ Stephen O. Schroeder    Name: Stephen O. Schroeder  Title: President and Treasurer    Address: COOPER RECEIVABLES LLC  c/o Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, OH 45840    Attention: Vice President and Treasurer  Telephone:  (419) 424-4214  Facsimile: (419) 424-4212  Email: Cooper_Legal@coopertire.com    Copy to:   Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, OH 45840    Attention: Vice President and Treasurer  Telephone:  (419) 427-4757  Facsimile: (419) 831-6876  Email: Treasury@coopertire.com         

 

   S-2 Purchase and Sale Agreement  ORIGINATOR(S):    COOPER TIRE & RUBBER COMPANY, as an  Originator      By: /s/ Philip G. Weaver     Name: Philip G. Weaver  Title: Vice President and Chief Financial  Officer    By: /s/ Stephen O. Schroeder    Name: Stephen O. Schroeder  Title: Vice President and Treasurer    Address: Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, OH 45840    Attention: Vice President and Treasurer  Telephone:  (419) 424-4214  Facsimile: (419) 424-4212  Email: Cooper_Legal@coopertire.com    Copy to:   Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, OH 45840    Attention: Vice President and Treasurer  Telephone:  (419) 427-4757  Facsimile: (419) 831-6876  Email: Treasury@coopertire.com           

 

Schedule I   Schedule I-1 Purchase and Sale Agreement  LIST OF ORIGINATORS  Cooper Tire & Rubber Company  

 

Schedule II   Schedule II-1 Purchase and Sale Agreement    STATE OF ORGANIZATION OF EACH ORIGINATOR  Originator  State of Organization  Cooper Tire & Rubber Company  Delaware          

 

Schedule III   Schedule III-1 Purchase and Sale Agreement    LOCATION OF BOOKS AND RECORDS OF ORIGINATORS  Originator  Location of Books and Records  Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, OH 45840          

 

Schedule IV   Schedule IV-1 Purchase and Sale Agreement    TRADE NAMES  Legal Name  Trade Name  Cooper Tire & Rubber Company  Cooper Tires        

 

Schedule V   Schedule V-1 Purchase and Sale Agreement     ACTIONS/SUITS  None    

 

Exhibit A   Exhibit A-1 Purchase and Sale Agreement  FORM OF PURCHASE REPORT  Originator: [Name of Originator]  Purchaser: COOPER RECEIVABLES LLC   Payment Date:  1. Outstanding Balance of Receivables Purchased:  2. Fair Market Value Discount:  1/{1 + [(Prime Rate x Days’ Sales Outstanding]}      365  Where:  Prime Rate =        Days’ Sales Outstanding =       3. Purchase Price (1 x 2) = $        

 

Exhibit B   Exhibit B-1 Purchase and Sale Agreement  AMENDED AND RESTATED COMPANY NOTE  New York, New York  ______________, 20__  FOR VALUE RECEIVED, the undersigned, COOPER RECEIVABLES LLC, a  Delaware limited liability company (the “Company”), promises to pay to COOPER TIRE &  RUBBER COMPANY, a Delaware corporation (the “Originator”), on the terms and subject to  the conditions set forth herein and in the Purchase and Sale Agreement referred to below, the  aggregate un-paid Purchase Price of all Receivables purchased by the Company from Originator  pursuant to such Purchase and Sale Agreement, as such unpaid Purchase Price is shown in the  records of Servicer.  This Amended and Restated Company Note (this “Company Note”) amends  and restates in its entirety that certain Company Note dated August 30, 2006 made by the  Company in favor of the Originator (the “Existing Note”).  This Company Note is not a novation  of the obligations under the Existing Note, and all obligations under the Existing Note remain  outstanding under this Company Note.  1. Purchase and Sale Agreement.  This Company Note is one of the Company Notes  described in, and is subject to the terms and conditions set forth in, that certain Purchase and Sale  Agreement, dated as of August 30, 2006 (as the same may be amended, supplemented, amended  and restated or otherwise modified in accordance with its terms, the “Purchase and Sale  Agreement”), among the Company, the Originator, and the various entities listed thereto as  Originators. Reference is hereby made to the Purchase and Sale Agreement for a statement of  certain other rights and obligations of the Company and the Originator.  2. Definitions.  Capitalized terms used (but not defined) herein have the meanings  assigned thereto in the Purchase and Sale Agreement and in Exhibit I to the Receivables  Purchase Agreement (as defined in the Purchase and Sale Agreement). In addition, as used  herein, the following terms have the following meanings:  “Bankruptcy Proceedings” has the meaning set forth in clause (b) of paragraph 9 hereof.  “Final Maturity Date” means the Payment Date immediately following the date that falls  one year and one day after the Facility Termination Date.  “Interest Period” means the period from and including a Monthly Settlement Date (or, in  the case of the first Interest Period, August 30, 2006) to but excluding the next Monthly  Settlement Date.  “Senior Interests” means, collectively, (i) all accrued Discount on the Purchased Interest,  (ii) the fees referred to in Section 1.5 of the Receivables Purchase Agreement, (iii) all amounts  payable pursuant to Sections 1.7 or 6.4 of the Receivables Purchase Agreement, (iv) the  Aggregate Capital and (v) all other obligations of the Company and the Servicer that are due and  payable, to (a) the Purchasers, the Purchaser Agents, the Administrator and their respective  successors, permitted transferees and assigns arising in connection with the Transaction  Documents and (b) any Indemnified Party or Affected Person arising in connection with the  Receivables Purchase Agreement, in each case, howsoever created, arising or evidenced,  whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become  

 

Exhibit B   Exhibit B-2 Purchase and Sale Agreement  due, together with any and all interest and Discount accruing on any such amount after the  commencement of any Bankruptcy Proceedings, notwithstanding any provision or rule of law  that might restrict the rights of any Senior Interest Holder, as against the Company or anyone  else, to collect such interest.  “Senior Interest Holders” means, collectively, the Purchasers, the Administrator and the  Indemnified Parties and Affected Persons.  “Subordination Provisions” means, collectively, clauses (a) through (l) of paragraph 9  hereof.  “Telerate Screen Rate” means, for any Interest Period, the rate for thirty-day commercial  paper denominated in Dollars which appears on Page 1250 of the Dow Jones Telerate Service (or  such other page as may replace that page on that service for the purpose of displaying Dollar  commercial paper rates) at approximately 9:00 a.m., New York City time, on the first day of  such Interest Period.  3.  Interest.  Subject to the Subordination Provisions set forth below, the Company  promises to pay interest on this Company Note as follows:  (a) Prior to the Final Maturity Date, the aggregate unpaid Purchase Price from  time to time outstanding during any Interest Period shall bear interest at a rate per annum equal  to the Telerate Screen Rate for such Interest Period, as determined by the Servicer; and  (b) From (and including) the Final Maturity Date to (but excluding) the date  on which the entire aggregate unpaid Purchase Price is fully paid, the aggregate unpaid Purchase  Price from time to time outstanding shall bear interest at a rate per annum equal to the rate of  interest publicly announced from time to time by Wells Fargo Bank, National Association, as its  “base rate”, “reference rate” or other comparable rate, as determined by the Servicer.  4.  Interest Payment Dates.  Subject to the Subordination Provisions set forth below,  the Company shall pay accrued interest on this Company Note on each Monthly Settlement Date  and shall pay accrued interest on the amount of each principal payment made in cash on a date  other than a Monthly Settlement Date at the time of such principal payment.  5.  Basis of Computation.  Interest accrued hereunder that is computed by reference  to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis  of a 360-day year, and interest accrued hereunder that is computed by reference to the rate  described in paragraph 3(b) of this Company Note shall be computed for the actual number of  days elapsed on the basis of a 365-or 366-day year.  6.  Principal Payment Dates.  Subject to the Subordination Provisions set forth  below, payments of the principal amount of this Company Note shall be made as follows:  (a) The principal amount of this Company Note shall be reduced by an  amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale  Agreement; and  

 

Exhibit B   Exhibit B-3 Purchase and Sale Agreement  (b) The entire remaining unpaid Purchase Price of all Receivables purchased  by the Company from Originator pursuant to the Purchase and Sale Agreement shall be paid on  the Final Maturity Date.  Subject to the Subordination Provisions set forth below, the principal amount of and accrued  interest on this Company Note may be prepaid by, and in the sole discretion of the Company, on  any Business Day without premium or penalty.  7. Payment Mechanics.  All payments of principal and interest hereunder are to be  made in lawful money of the United States of America in the manner specified in Article III of  the Purchase and Sale Agreement.  8. Enforcement Expenses.  In addition to and not in limitation of the foregoing, but  subject to the Subordination Provisions set forth below and to any limitation imposed by  applicable law, the Company agrees to pay all expenses, including reasonable attorneys’ fees and  legal expenses, incurred by Originator in seeking to collect any amounts payable hereunder  which are not paid when due.  9. Subordination Provisions.  The Company covenants and agrees, and Originator  and any other holder of this Company Note (collectively, Originator and any such other holder  are called the “Holder”), by its acceptance of this Company Note, likewise covenants and agrees  on behalf of itself and any holder of this Company Note, that the payment of the principal  amount of and interest on this Company Note is hereby expressly subordinated in right of  payment to the payment and performance of the Senior Interests to the extent and in the manner  set forth in the following clauses of this paragraph 9:  (a) No payment or other distribution of the Company’s assets of any kind or  character, whether in cash, securities, or other rights or property, shall be made on account of this  Company Note except to the extent such payment or other distribution is (i) permitted under  Section 1(n) of Exhibit IV to the Receivables Purchase Agreement or (ii) made pursuant to  clause (a) or (b) of paragraph 6 of this Company Note;  (b) In the event of any dissolution, winding up, liquidation, readjustment,  reorganization or other similar event relating to the Company, whether voluntary or involuntary,  partial or complete, and whether in bankruptcy, insolvency or receivership proceedings, or upon  an assignment for the benefit of creditors, or any other marshalling of the assets and liabilities of  the Company or any sale of all or substantially all of the assets of the Company other than as  permitted by the Purchase and Sale Agreement (such proceedings being herein collectively  called “Bankruptcy Proceedings”), the Senior Interests shall first be paid and performed in full  and in cash before Originator shall be entitled to receive and to retain any payment or  distribution in respect of this Company Note. In order to implement the foregoing:  (i) all  payments and distributions of any kind or character in respect of this Company Note to which  Holder would be entitled except for this clause (b) shall be made directly to the Administrator  (for the benefit of the Senior Interest Holders); (ii) Holder shall promptly file a claim or claims,  in the form required in any Bankruptcy Proceedings, for the full outstanding amount of this  Company Note, and shall use commercially reasonable efforts to cause said claim or claims to be  approved and all payments and other distributions in respect thereof to be made directly to the  

 

Exhibit B   Exhibit B-4 Purchase and Sale Agreement  Administrator (for the benefit of the Senior Interest Holders) until the Senior Interests shall have  been paid and performed in full and in cash; and (iii) Holder hereby irrevocably agrees that  Administrator (acting on behalf of the Purchasers), in the name of Holder or otherwise, demand,  sue for, collect, receive and receipt for any and all such payments or distributions, and file, prove  and vote or consent in any such Bankruptcy Proceedings with respect to any and all claims of  Holder relating to this Company Note, in each case until the Senior Interests shall have been paid  and performed in full and in cash;  (c) In the event that Holder receives any payment or other distribution of any kind or  character from the Company or from any other source whatsoever, in respect of this  Company  Note, other than as expressly permitted by the terms of this Company Note, such payment or  other distribution shall be received in trust for the Senior Interest Holders and shall be turned  over by Holder to the Administrator (for the benefit of the Senior Interest Holders) forthwith.  Holder will mark its books and records so as clearly to indicate that this Company Note is  subordinated in accordance with the terms hereof. All payments and distributions received by the  Administrator in respect of this Company Note, to the extent received in or con-verted into cash,  may be applied by the Administrator (for the benefit of the Senior Interest Holders) first to the  payment of any and all expenses (including reasonable attorneys’ fees and legal expenses) paid  or incurred by the Senior Interest Holders in enforcing these Subordination Provisions, or in  endeavoring to collect or realize upon this Company Note, and any balance thereof shall, solely  as between Originator and the Senior Interest Holders, be applied by the Administrator (in the  order of application set forth in Section 1.4(d) of the Receivables Purchase Agreement) toward  the payment of the Senior Interests; but as between the Company and its creditors, no such  payments or distributions of any kind or character shall be deemed to be payments or  distributions in respect of the Senior Interests;  (d) Notwithstanding any payments or distributions received by the Senior Interest  Holders in respect of this Company Note, while any Bankruptcy Proceedings are pending Holder  shall not be subrogated to the then existing rights of the Senior Interest Holders in respect of the  Senior Interests until the Senior Interests have been paid and performed in full and in cash. If no  Bankruptcy Proceedings are pending, Holder shall only be entitled to exercise any subrogation  rights that it may acquire (by reason of a payment or distribution to the Senior Interest Holders in  respect of this Company Note) to the extent that any payment arising out of the exercise of such  rights would be permitted under Section 1(n) of Exhibit IV to the Receivables Purchase  Agreement;  (e) These Subordination Provisions are intended solely for the purpose of defining  the relative rights of Holder, on the one hand, and the Senior Interest Holders on the other hand.  Nothing contained in these Subordination Provisions or elsewhere in this Company Note is  intended to or shall impair, as between the Company, its creditors (other than the Senior Interest  Holders) and Holder, the Company’s obligation, which is unconditional and absolute, to pay  Holder the principal of and interest on this Company Note as and when the same shall become  due and payable in accordance with the terms hereof or to affect the relative rights of Holder and  creditors of the Company (other than the Senior Interest Holders);  (f) Holder shall not, until the Senior Interests have been paid and performed in full  and in cash, (i) cancel, waive, for-give, or commence legal proceedings to enforce or collect, or  

 

Exhibit B   Exhibit B-5 Purchase and Sale Agreement  subordinate to any obligation of the Company, howsoever created, arising or evidenced, whether  direct or indirect, absolute or contingent, or now or hereafter existing, or due or to become due,  other than the Senior Interests, this Company Note or any rights in respect hereof or (ii) convert  this Company Note into an equity interest in the Company, unless Holder shall, in either case,  have received the prior written consent of the Administrator;  (g) Holder shall not, without the advance written consent of the Administrator and  Purchaser, commence, or join with any other Person in commencing, any Bankruptcy  Proceedings with respect to the Company until at least one year and one day shall have passed  since the Senior Interests shall have been paid and performed in full and in cash;  (h) If, at any time, any payment (in whole or in part) of any Senior Interest is  rescinded or must be restored or returned by a Senior Interest Holder (whether in connection  with Bankruptcy Proceedings or otherwise), these Subordination Provisions shall continue to be  effective or shall be reinstated, as the case may be, as though such payment had not been made;  (i) Each of the Senior Interest Holders may, from time to time, at its sole discretion,  without notice to Holder, and without waiving any of its rights under these Subordination  Provisions, take any or all of the following actions:  (i) retain or obtain an interest in any  property to secure any of the Senior Interests; (ii) retain or obtain the primary or secondary  obligations of any other obligor or obligors with respect to any of the Senior Interests;  (iii) extend or renew for one or more periods (whether or not longer than the original period),  alter or exchange any of the Senior Interests, or release or compromise any obligation of any  nature with respect to any of the Senior Interests; (iv) amend, supplement, amend and restate, or  otherwise modify any Transaction Document; and (v) release its security interest in, or surrender,  release or permit any substitution or exchange for all or any part of any rights or property  securing any of the Senior Interests, or extend or renew for one or more periods (whether or not  longer than the original period), or release, compromise, alter or exchange any obligations of any  nature of any obligor with respect to any such rights or property;  (j) Holder hereby waives:  (i) notice of acceptance of these Subordination Provisions  by any of the Senior Interest Holders; (ii) notice of the existence, creation, non-payment or non- performance of all or any of the Senior Interests; and (iii) all diligence in enforcement, collection  or protection of, or realization upon, the Senior Interests, or any thereof, or any security therefor;  (k) Each of the Senior Interest Holders may, from time to time, on the terms and  subject to the conditions set forth in the Transaction Documents to which such Persons are party,  but without notice to Holder, assign or transfer any or all of the Senior Interests, or any interest  therein; and, notwithstanding any such assignment or transfer or any subsequent assignment or  transfer thereof, such Senior Interests shall be and remain Senior Interests for the purposes of  these Subordination Provisions, and every immediate and successive assignee or transferee of  any of the Senior Interests or of any interest of such assignee or transferee in the Senior Interests  shall be entitled to the benefits of these Subordination Provisions to the same extent as if such  assignee or transferee were the assignor or transferor; and  (l) These Subordination Provisions constitute a continuing offer from the holder of  this Company Note to all Persons who become the holders of, or who continue to hold, Senior  

 

Exhibit B   Exhibit B-6 Purchase and Sale Agreement  Interests; and these Subordination Provisions are made for the benefit of the Senior Interest  Holders, and the Administrator may proceed to enforce such provisions on behalf of each of such  Persons.  10. General.  No failure or delay on the part of Originator in exercising any power or  right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any  such power or right preclude any other or further exercise thereof or the exercise of any other  power or right. No amendment, modification or waiver of, or consent with respect to, any  provision of this Company Note shall in any event be effective unless (i) the same shall be in  writing and signed and delivered by the Company and Holder and (ii) all consents required for  such actions under the Transaction Documents shall have been received by the appropriate  Persons.  11. Maximum Interest.  Notwithstanding anything in this Company Note to the  contrary, the Company shall never be re-quired to pay unearned interest on any amount  outstanding hereunder and shall never be required to pay interest on the principal amount  outstanding hereunder at a rate in excess of the maximum nonusurious interest rate that may be  contracted for, charged or received under applicable federal or state law (such maximum rate  being herein called the “Highest Lawful Rate”). If the effective rate of interest which would  otherwise by payable under this Company Note would exceed the Highest Lawful Rate, or if the  holder of this Company Note shall receive any unearned interest or shall receive monies that are  deemed to constitute interest which would increase the effective rate of interest payable by the  Company under this Company Note to a rate in excess of the Highest Lawful Rate, then (i) the  amount of interest which would otherwise be payable by the Company under this Company Note  shall be reduced to the amount allowed by applicable law, and (ii) any unearned interest paid by  the Company or any interest paid by the Company in excess of the Highest Lawful Rate shall be  refunded to the Company. Without limitation of the foregoing, all calculations of the rate of  interest contracted for, charged or received by Originator under this Company Note that are  made for the purpose of determining whether such rate exceeds the Highest Lawful Rate  applicable to Originator (such Highest Lawful Rate being herein called the “Originator’s  Maximum Permissible Rate”) shall be made, to the extent permitted by usury laws applicable to  Originator (now or hereafter enacted), by amortizing, prorating and spreading in equal parts  during the actual period during which any amount has been outstanding hereunder all interest at  any time contract-ed for, charged or received by Originator in connection herewith. If at any time  and from time to time (i) the amount of interest payable to Originator on any date shall be  computed at Originator’s Maximum Permissible Rate pursuant to the provisions of the foregoing  sentence and (ii) in respect of any subsequent interest computation period the amount of interest  otherwise payable to Originator would be less than the amount of interest payable to Originator  computed at Originator’s Maximum Permissible Rate, then the amount of interest payable to  Originator in respect of such sub-sequent interest computation period shall continue to be  computed at Originator’s Maximum Permissible Rate until the total amount of interest payable to  Originator shall equal the total amount of interest which would have been payable to Originator  if the total amount of interest had been computed without giving effect to the provisions of the  foregoing sentence.  12. Governing Law.  THIS COMPANY NOTE SHALL BE GOVERNED BY,  AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW  

 

Exhibit B   Exhibit B-7 Purchase and Sale Agreement  YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES  THEREOF).  13. Captions.  Paragraph captions used in this Company Note are for convenience  only and shall not affect the meaning or interpretation of any provision of this Company Note.  IN WITNESS WHEREOF, the Company has caused this Company Note to be executed  as of the date first written above.  COOPER RECEIVABLES LLC    By:          Name:  Title:      

 

Exhibit C   Exhibit C-1 Purchase and Sale Agreement  FORM OF JOINDER AGREEMENT   THIS JOINDER AGREEMENT, dated as of __________________, 20___(this  “Agreement”) is executed by ____________________, a [corporation] [limited liability  company] organized under the laws of _______________________ (the “Additional  Originator”), with its principal place of business located at ________________.  BACKGROUND:  A. COOPER RECEIVABLES LLC, a Delaware limited liability company (the  “Company”) and the various entities from time to time party thereto, as Originators (collectively,  the “Originators”), have entered into that certain Purchase and Sale Agreement, dated as of  August 30, 2006 (as amended, restated, supplemented or otherwise modified through the First  Omnibus Amendment Effective Date, and as it may be further amended, restated, supplemented  or otherwise modified from time to time, the “Purchase and Sale Agreement”).   B. The Additional Originator desires to become an Originator pursuant to Section 4.3  of the Purchase and Sale Agreement.  NOW, THEREFORE, in consideration of the foregoing and other good and valuable  consideration, the receipt and sufficiency of which are hereby acknowledged, the Additional  Originator hereby agrees as follows:  SECTION 1.  Definitions.  Capitalized terms used in this Agreement and not otherwise  defined herein shall have the meanings assigned thereto in the Purchase and Sale Agreement or  in the Receivables Purchase Agreement (as defined in the Purchase and Sale Agreement).  SECTION 2.  Transaction Documents.  The Additional Originator hereby agrees that it  shall be bound by all of the terms, conditions and provisions of, and shall be deemed to be a  party to (as if it were an original signatory to), the Purchase and Sale Agreement and each of the  other relevant Transaction Documents. From and after the later of the First Omnibus Amendment  Effective Date and the date that the Additional Originator has complied with all of the  requirements of Section 4.3 of the Purchase and Sale Agreement, the Additional Originator shall  be an Originator for all purposes of the Purchase and Sale Agreement and all other Transaction  Documents. The Additional Originator hereby acknowledges that it has received copies of the  Purchase and Sale Agreement and the other Transaction Documents.  SECTION 3.  Representations and Warranties.  The Additional Originator hereby makes  all of the representations and warranties set forth in Article V (to the extent applicable) of the  Purchase and Sale Agreement as of the First Omnibus Amendment Effective Date (unless such  representations or warranties relate to an earlier date, in which case as of such earlier date), as if  such representations and warranties were fully set forth herein. The Additional Originator hereby  represents and warrants that its location (as defined in the applicable UCC) is  [____________________], and the offices where the Additional Originator keeps all of its  Records and Related Security is as follows:  

 

Exhibit C   Exhibit C-2 Purchase and Sale Agreement                       SECTION 4.  Miscellaneous.  This Agreement shall be governed by, and construed in  accordance with, the internal laws of the State of New York. This Agreement is executed by the  Additional Originator for the benefit of the Company, and its assigns, and each of the foregoing  parties may rely hereon. This Agreement shall be binding upon, and shall inure to the benefit of,  the Additional Originator and its successors and permitted assigns.  [Signature Pages Follow]         

 

Exhibit C   Exhibit C-3 Purchase and Sale Agreement  IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed by  its duly authorized officer as of the date and year first above written.  [NAME OF ADDITIONAL ORIGINATOR]    By:          Name:         Title:         Consented to:  COOPER RECEIVABLES LLC  By:        Name:       Title:            Acknowledged by:  WELLS FARGO BANK, NATIONAL ASSOCIATION,   as Administrator  By:        Name:       Title:            [PURCHASER AGENTS]   By:        Name:       Title:                        261200689.v10  

 

8  Omnibus Amendment No. 1    EXHIBIT B  AMENDED RPA    [Attached]     

 

        Exhibit B to  Omnibus Amendment No. 1        SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT      dated as of February 15, 2018      among      COOPER RECEIVABLES LLC,  as Seller      COOPER TIRE & RUBBER COMPANY,  as Servicer      THE VARIOUS PURCHASER GROUPS FROM TIME TO TIME PARTY HERETO,      THE FINANCIAL INSTITUTION FROM TIME TO TIME PARTY HERETO  as LC Participants      and      WELLS FARGO BANK, NATIONAL ASSOCIATION,  as Administrator and LC Bank        Doc #261194810v.6    

 

    TABLE OF CONTENTS      Page    ARTICLE I AMOUNTS AND TERMS OF THE PURCHASES...................................................2  Section 1.1 Purchase Facility ..........................................................................................2  Section 1.2 Making Purchases ........................................................................................4  Section 1.3 Purchased Interest Computation ..................................................................6  Section 1.4 Settlement Procedures ..................................................................................6  Section 1.5 Fees ............................................................................................................11  Section 1.6 Payments and Computations, Etc ..............................................................11  Section 1.7 Increased Costs ..........................................................................................12  Section 1.8 Requirements of Law .................................................................................12  Section 1.9 Funding Losses ..........................................................................................13  Section 1.10 Taxes ..........................................................................................................14  Section 1.11 Certain Provisions Applicable to LIBOR ..................................................14  1.11.1. Inability to Determine Euro-Rate or LMIR ...............................................14  1.11.2. Effect of Benchmark Transition Event. .....................................................15  Section 1.12 Letters of Credit .........................................................................................16  Section 1.13 Issuance of Letters of Credit ......................................................................16  Section 1.14 Requirements for Issuance of Letters of Credit .........................................17  Section 1.15 Disbursements under Letters of Credit; Reimbursement ...........................18  Section 1.16 Repayment of Participation Advances .......................................................18  Section 1.17 Letter of Credit Documentation .................................................................19  Section 1.18 Determination to Honor Drawing Request ................................................19  Section 1.19 Nature of Participation and Reimbursement Obligations ..........................19  

 

    Section 1.20 Letter of Credit Indemnity .........................................................................21  Section 1.21 Liability for Acts and Omissions in Connection with Letters of Credit ....21  Section 1.22 Extension of Termination Date ..................................................................23  ARTICLE II REPRESENTATIONS AND WARRANTIES; COVENANTS;  TERMINATION EVENTS ...................................................................................23  Section 2.1 Representations and Warranties; Covenants ..............................................23  Section 2.2 Termination Events ....................................................................................23  ARTICLE III INDEMNIFICATION .............................................................................................24  Section 3.1 Indemnities by the Seller ...........................................................................24  Section 3.2 Indemnities by the Servicer .......................................................................25  ARTICLE IV ADMINISTRATION AND COLLECTIONS ........................................................26  Section 4.1 Appointment of the Servicer ......................................................................26  Section 4.2 Duties of the Servicer.................................................................................27  Section 4.3 Lock-Box Account Arrangements .............................................................28  Section 4.4 Enforcement Rights ...................................................................................28  Section 4.5 Responsibilities of the Seller .....................................................................29  Section 4.6 Servicing Fee .............................................................................................29  ARTICLE V THE AGENTS .........................................................................................................30  Section 5.1 Appointment and Authorization ................................................................30  Section 5.2 Delegation of Duties ..................................................................................31  Section 5.3 Exculpatory Provisions ..............................................................................31  Section 5.4 Reliance by Agents ....................................................................................31  Section 5.5 Notice of Termination Events ....................................................................32  Section 5.6 Non-Reliance on Administrator, Purchaser Agents and Other Purchasers 33  Section 5.7 Administrator and Affiliates ......................................................................33  Section 5.8 Indemnification ..........................................................................................33  

 

    Section 5.9 Successor Administrator ............................................................................34  ARTICLE VI MISCELLANEOUS ...............................................................................................34  Section 6.1 Amendments, Etc .......................................................................................34  Section 6.2 Notices, Etc ................................................................................................35  Section 6.3 Successors and Assigns; Participations; Assignments ...............................35  Section 6.4 Costs, Expenses and Taxes ........................................................................37  Section 6.5 No Proceedings; Limitation on Payments..................................................38  Section 6.6 GOVERNING LAW AND JURISDICTION ............................................38  Section 6.7 Confidentiality ...........................................................................................39  Section 6.8 Execution in Counterparts..........................................................................39  Section 6.9 Survival of Termination .............................................................................40  Section 6.10 WAIVER OF JURY TRIAL ......................................................................40  Section 6.11 Sharing of Recoveries ................................................................................40  Section 6.12 Right of Setoff............................................................................................40  Section 6.13 Entire Agreement .......................................................................................40  Section 6.14 Headings ....................................................................................................41  Section 6.15 Purchaser Groups’ Liabilities ....................................................................41  Section 6.16 USA Patriot Act .........................................................................................41  Section 6.17 Qualified Financial Contracts. ...................................................................41           

 

    EXHIBIT I Definitions  EXHIBIT II Conditions of Purchases  EXHIBIT III Representations and Warranties  EXHIBIT IV Covenants  EXHIBIT V Termination Events   EXHIBIT IV Additional Letter of Credit Terms    SCHEDULE I Credit and Collection Policy  SCHEDULE II Lock-Box Banks and Lock-Box Accounts  SCHEDULE III Trade Names  SCHEDULE IV Actions and Proceedings    ANNEX A-1 Form of Monthly Report  ANNEX A-2 Form of Weekly Report  ANNEX B Form of Purchase Notice  ANNEX C Form of Assumption Agreement  ANNEX D Form of Transfer Supplement  ANNEX E Form of Paydown Notice  ANNEX F Form of Letter of Credit Application      

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx     This SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE  AGREEMENT, dated as of February 15, 2018 (the “Existing Agreement” and, as amended hereby  and from time to time hereafter amended, restated, supplemented and otherwise modified from  time to time, this “Agreement”), is by and among COOPER RECEIVABLES LLC, a Delaware  limited liability company, as seller (the “Seller”), COOPER TIRE & RUBBER COMPANY, a  Delaware corporation (together with its successors and permitted assigns, “Cooper Tire”), as initial  servicer (in such capacity, together with its successors and permitted assigns in such capacity, the  “Servicer”), THE VARIOUS PURCHASERS AND PURCHASER AGENTS FROM TIME TO  TIME PARTY HERETO, THE FINANCIAL INSTITUTIONS LISTED ON THE SIGNATURE  PAGES HERETO AS LC PARTICIPANTS (in such capacity, together with their successors and  assigns in such capacity, the “LC Participants”) and WELLS FARGO BANK, NATIONAL  ASSOCIATION, as Administrator (in such capacity, together with its successors and assigns in  such capacity, the “Administrator”) and as issuer of Letters of Credit (in such capacity, together  with its successors and assigns in such capacity, the “LC Bank”).  PRELIMINARY STATEMENTS.  Certain terms that are capitalized and used  throughout this Agreement are defined in Exhibit I. References in the Exhibits hereto to the  “Agreement” refer to this Agreement, as amended, restated, supplemented or otherwise modified  from time to time.  The Seller (i) desires to sell, transfer and assign an undivided variable percentage interest  in a pool of receivables, and the Purchasers desire to acquire such undivided variable percentage  interest, as such percentage interest shall be adjusted from time to time based upon, in part,  reinvestment payments that are made by such Purchasers and (ii) may, subject to the terms and  conditions hereof, request that the LC Bank issue or cause the issuance of one or more Letters of  Credit.  On the First Omnibus Amendment Effective Date, Wells Fargo Bank, National  Association, purchased and accepted an assignment of all of the rights and obligations of the  Administrator, the LC Bank, the sole Purchaser Agent, the sole Related Committed Purchaser and  the sole LC Participant under the Existing Agreement, and entered into an Omnibus Amendment  No. 1 to the Existing Agreement, the Sale Agreement and the Performance Guaranty (“Omnibus  Amendment No. 1”).  This Agreement sets forth the terms of the Existing Agreement as amended  by Omnibus Amendment No. 1.  This Agreement does not constitute a novation of the Existing  Agreement and the parties hereby ratify and reaffirm the Existing Agreement as amended by  Omnibus Amendment No. 1.  On the First Omnibus Amendment Effective Date, Wells Fargo, as  the Administrator, as a Purchaser Agent, as a Related Committed Purchaser, as the LC Bank and  as an LC Participant shall become a party to this Agreement, and each reference to the Existing  Agreement in any other document, instrument or agreement shall mean and be a reference to this  Agreement.  In consideration of the mutual agreements, provisions and covenants contained herein, the  sufficiency of which is hereby acknowledged, the parties hereto agree as follows:    

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 2      ARTICLE I    AMOUNTS AND TERMS OF THE PURCHASES  Section 1.1 Purchase Facility.   (a) On the terms and subject to the conditions hereof, the Seller may, from time to time  before the Facility Termination Date, (i) request that the Purchasers ratably make purchases with  regard to the Purchased Interest from the Seller from time to time from the date hereof to the  Facility Termination Date in accordance with Section 1.2.  Each purchase requested by the Seller  shall be made ratably by the respective Purchaser Groups, and each Purchaser Group’s ratable  share of each purchase shall be made and funded (x) if such Purchaser Group contains a Conduit  Purchaser and such Conduit Purchaser elects (in its sole discretion) to make and fund such portion  of such Purchase, by such Conduit Purchaser, or (y) if such Purchaser Group does not contain a  Conduit Purchaser or if the Conduit Purchaser in such Purchaser Group declines (in its sole  discretion) to make or fund such portion of such Purchase, by the Related Committed Purchaser  in such Purchaser Group and (ii) request that the LC Bank issue or cause the issuance of Letters  of Credit, in each case subject to the terms hereof (each such purchase, reinvestment or issuance  is referred to herein as a “Purchase”). Subject to Section 1.4(b), concerning reinvestments, at no  time will a Conduit Purchaser have any obligation to make a purchase.  Each Related Committed  Purchaser severally hereby agrees, on the terms and subject to the conditions hereof, to make  purchases of and reinvestments in undivided percentage ownership interests with regard to the  Purchased Interest from the Seller from time to time from the date hereof to the Facility  Termination Date, based on the applicable Purchaser Group’s Ratable Share of each purchase  requested pursuant to Section 1.2(a) (and, in the case of each Related Committed Purchaser, its  Commitment Percentage of its Purchaser Group’s Ratable Share of such Purchase) and, on the  terms of and subject to the conditions of this Agreement, the LC Bank agrees to issue Letters of  Credit in return for (and each LC Participant hereby severally agrees to make participation  advances in connection with any draws under such Letters of Credit equal to such LC Participant’s  Pro Rata Share of such draws), undivided percentage ownership interests with regard to the  Purchased Interest from the Seller from time to time from the date hereof to the Facility  Termination Date; provided, however, that under no circumstances shall any Purchaser make any  purchase or reinvestment or issue any Letters of Credit hereunder, as applicable, if, after giving  effect to such Purchase, the (i) aggregate outstanding amount of the Capital funded by such  Purchaser, when added to all other Capital funded by all other Purchasers in such Purchaser’s  Purchaser Group would exceed (A) its Purchaser Group’s Group Commitment (as the same may  be reduced from time to time pursuant to Section 1.1(c)) minus (B) the related LC Participant’s  Pro Rata Share of the face amount of any outstanding Letters of Credit or (ii) the aggregate  outstanding Capital plus the LC Participation Amount would exceed the Purchase Limit.  The Seller may, subject to the requirements and conditions herein, use the proceeds of any  purchase by the Purchasers, hereunder, to satisfy its Reimbursement Obligation to the LC Bank  and the LC Participants (ratably, based on the outstanding amounts funded by the LC Bank and  each such LC Participant) pursuant to Section 1.15 below.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 3    (b) Not more than three (3) times after the First Omnibus Amendment Effective Date  so long as no Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination  Event exists and is continuing, the Seller (or the Servicer, on the Seller’s behalf) may, by written  notice to the Administrator and each Purchaser Agent, request that each of the Purchasers ratably  increase their respective Commitments, in an aggregate amount such that after giving effect to all  such requests, the Purchase Limit shall not exceed $150,000,000.  Upon receipt of such request,  each of the Purchasers severally agrees to promptly seek credit approval to increase such  Purchaser’s Commitment in its ratable amount of the aggregate increase requested; provided,  however, that nothing herein shall be deemed to constitute a commitment by any Purchaser to  provide, or to obtain credit approval to provide, any portion of the requested increase.  If any  Purchaser declines to provide its ratable share of the requested increase or does not respond to the  request for increase within fifteen (15) days from the date of delivery of notice to such Purchaser,  the Seller may offer all or any portion of such Purchaser’s ratable share to one or more other  Purchasers (such that such willing Purchasers’ increase in their Commitments exceed each such  Purchaser’s ratable share) who may, in each such Purchaser’s sole discretion, seek credit approval  therefor (and provide the declining Purchaser’s ratable share of the requested increase), and if such  Purchaser’s decline, the Seller may offer such ratable share to one or more Eligible Assignees.  If  the Commitment of any Purchaser is increased in accordance with this Section 1.1(b), the  Administrator, the Purchaser, the Seller and the Servicer shall determine the effective date with  respect to such increase and shall enter into such documents as agreed by such parties to document  such increase and, if applicable, rebalance Capital among the Purchasers such that after giving  effect thereto, the aggregate outstanding Capital of the Purchasers is distributed ratably among the  Purchasers.  Notwithstanding anything to the contrary in Section 6.1, the Administrator and the  Seller are expressly permitted, without the consent of the other Purchasers, to amend (or amend  and restate) the Transaction Documents to the extent necessary or appropriate in the reasonable  opinion of the Administrator solely to give effect to any increase pursuant to this Section 1.1(b);  provided that no such amendment (or amendment and restatement) shall adversely affect the rights  or interests of any Purchaser; provided, further, that, by way of clarification, no provision of any  such amendment (or amendment and restatement) that effects the provisions of this Section 1.1(b)  shall be deemed to adversely affect the rights or interests of any Purchaser.  (c) The Seller may, upon at least 30 days’ written notice to the Administrator and each  Purchaser Agent, reduce the Purchase Limit in whole or in part (but not below the amount equal  to the sum of Aggregate Capital plus the LC Participation Amount); provided that each partial  reduction shall be in an aggregate amount of at least $5,000,000 or an integral multiple of  $1,000,000 in excess thereof and that, unless terminated in whole, the Purchase Limit shall in no  event be reduced below $20,000,000.  Each reduction in the Commitments hereunder shall be  made ratably among the Purchasers in accordance with their respective pro rata shares.  The  Administrator shall promptly advise the Purchaser Agents of any notice received by it pursuant to  this Section 1.1(c); it being understood that (in addition to and without limiting any other  requirements for termination, prepayment and/or the funding of the LC Collateral Account  hereunder) no such termination or reduction shall be effective unless and until, in the case of a  termination, the amount on deposit in the LC Collateral Account is at least equal to the then  outstanding LC Participation Amount plus the LC Fee Expectation.    

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 4    Section 1.2 Making Purchases.    (a) Each Funded Purchase (but not reinvestment) of undivided percentage ownership  interests with regard to the Purchased Interest hereunder may be made on any day upon the Seller’s  irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the  Administrator and each Purchaser Agent in accordance with Section 6.2 not later than (i) 2:00 p.m.  New York City time on the date that is one Business Day prior to the requested Purchase Date or  (ii) solely in the case of a Funded Purchase in an amount less than or equal to $50,000,000, 12:00  p.m. New York City time on the requested Purchase Date, in either case, which notice shall specify:  (A) in the case of a Funded Purchase, the amount requested to be paid to the Seller (such amount,  which shall not be less than $300,000 (or such lesser amount as agreed to by the Administrator  and the Majority Purchaser Agents) and shall be in integral multiples of $100,000, with respect to  each Purchaser Group, (B) the date of such Funded Purchase (which shall be a Business Day) and  (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the  Aggregate Capital.  For security purposes, the amount of Wells Fargo’s ratable share of the  Aggregate Capital requested in each Funded Purchase shall also be entered by the Seller into Wells  Fargo’s online “C.E.O. portal,” or funding may be delayed pending telephonic verification of such  amount.  If any Purchase Notice is received or confirmed after the time specified in the first  sentence of this Section 1.2(a), the Purchasers will endeavor to honor such notice on that Business  Day but will honor it not later than the next succeeding Business Day.  (b) On the date of each Funded Purchase (but not reinvestment or issuance of a Letter  of Credit) of undivided percentage ownership interests with regard to the Purchased Interest  hereunder, each applicable Conduit Purchaser or Related Committed Purchaser, as the case may  be, shall, upon satisfaction of the applicable conditions set forth in Exhibit II, make available to  the Seller in same day funds, at such account as may be so designated in writing by the Seller to  the Administrator and each Purchaser Agent from time to time an amount equal to the portion of  Capital relating to the undivided percentage ownership interest then being funded by such  Purchaser.  (c) Effective on the date of each Funded Purchase or other Purchase pursuant to this  Section 1.2 and each reinvestment pursuant to Section 1.4, the Seller hereby sells and assigns to  the Administrator for the benefit of the Purchasers (ratably, based on the sum of Capital plus the  LC Participation Amount outstanding at such time for each such Purchaser’s Capital) an undivided  percentage ownership interest in: (i) each Pool Receivable then existing, (ii) all Related Security  with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds  of, such Pool Receivables and Related Security.  (d) To secure all of the Seller’s obligations (monetary or otherwise) under this  Agreement and the other Transaction Documents to which it is a party, whether now or hereafter  existing or arising, due or to become due, direct or indirect, absolute or contingent, the Seller  hereby grants to the Administrator, for the benefit of the Purchasers, a security interest in all of the  Seller’s right, title and interest (including any undivided interest of the Seller) in, to and under all  of the following, whether now or hereafter owned, existing or arising: (i) all Pool Receivables, (ii)  all Related Security with respect to such Pool Receivables, (iii) all Collections with respect to such  Pool Receivables, (iv)(A) the Lock-Box Accounts and all amounts on deposit therein, and all  certificates and instruments, if any, from time to time evidencing such Lock-Box Accounts and  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 5    amounts on deposit therein and (B) the LC Collateral Account and all amounts on deposit therein,  and all certificates and instruments, if any, from time to time evidencing such LC Collateral  Account and amounts on deposit therein, (v) all rights (but none of the obligations) of the Seller  under the Sale Agreement, (vi) all proceeds of, and all amounts received or receivable under any  or all of, the foregoing and (vii) all of its other property (collectively, the “Pool Assets”).  The  Seller hereby authorizes the Administrator to file financing statements describing as the collateral  covered thereby as “all of the debtor's personal property or assets” or words to that effect,  notwithstanding that such wording may be broader in scope than the collateral described in this  Agreement.  The Administrator, for the benefit of the Purchasers, shall have, with respect to the  Pool Assets, and in addition to all the other rights and remedies available to the Administrator and  the Purchasers, all the rights and remedies of a secured party under any applicable UCC. The Seller  hereby acknowledges and agrees that pursuant to the Existing Agreement, the Seller granted to the  Administrator a security interest in all of the Seller’s right, title and interest in, to and under the  Pool Assets (as defined in the Existing Agreement).  The Seller hereby confirms such security  interest and acknowledges and agrees that such security interest is continuing and is supplemented  by the security interest granted by the Seller pursuant to this Section 1.2(d).   Notwithstanding the foregoing paragraph of this clause (d), the Seller, the Administrator, the  Purchaser Agents, the Purchasers and all other parties to this Agreement intend and agree to  treat, for U.S. federal, state and local income and franchise tax (in the nature of income tax)  purposes only, the sale, assignment and transfer of the Purchased Interest to the Administrator  (on behalf of the Purchasers) as a loan to the Seller secured by the Purchased Interest. The  provisions of this Agreement and all related Transaction Documents shall be construed to further  these intentions of the parties.    (e) [Reserved].  (f) The Seller may, with the written consent of the Administrator and each Purchaser  Agent (and, in the case of a new related LC Participant, the LC Bank), add additional Persons as  Purchasers (either to an existing Purchaser Group or by creating new Purchaser Groups) or cause  an existing Related Committed Purchaser or related LC Participant to increase its Commitment in  connection with a corresponding increase in the Purchase Limit; provided, however, that the  Commitment of any Related Committed Purchaser or related LC Participant may only be increased  with the prior written consent of such Purchaser. Each new Conduit Purchaser, Related Committed  Purchaser or related LC Participant (or Purchaser Group) shall become a party hereto, by executing  and delivering to the Administrator and the Seller, an Assumption Agreement in the form of  Annex C hereto (which Assumption Agreement shall, in the case of any new Conduit Purchaser,  Related Committed Purchaser or related LC Participant, be executed by each Person in such new  Purchaser’s Purchaser Group).  (g) Each Related Committed Purchaser’s and related LC Participant’s obligations  hereunder shall be several, such that the failure of any Related Committed Purchaser or related LC  Participant to make a payment in connection with any purchase hereunder, or drawing under a  Letter of Credit hereunder, as the case may be, shall not relieve any other Related Committed  Purchaser or related LC Participant of its obligation hereunder to make payment for any Funded  Purchase or such drawing. Further, in the event any Related Committed Purchaser or related LC  Participant fails to satisfy its obligation to make a purchase or payment with respect to such  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 6    drawing as required hereunder, upon receipt of notice of such failure from the Administrator (or  any relevant Purchaser Agent), subject to the limitations set forth herein, the non-defaulting  Related Committed Purchasers or related LC Participants in such defaulting Related Committed  Purchaser’s or related LC Participant’s Purchaser Group shall fund the defaulting Related  Committed Purchaser’s or related LC Participant’s Commitment Percentage of the related  Purchase or drawing pro rata in proportion to their relative Commitment Percentages (determined  without regard to the Commitment Percentage of the defaulting Related Committed Purchaser or  related LC Participant; it being understood that a defaulting Related Committed Purchaser’s or  related LC Participant’s Commitment Percentage of any Purchase or drawing shall be first put to  the Related Committed Purchasers or related LC Participants in such defaulting Related  Committed Purchaser’s or related LC Participant’s Purchaser Group and thereafter if there are no  other Related Committed Purchasers or related LC Participants in such Purchaser Group or if such  other Related Committed Purchasers or related LC Participants are also defaulting Related  Committed Purchasers or related LC Participants, then such defaulting Related Committed  Purchaser’s or related LC Participant’s Commitment Percentage of such Purchase or drawing shall  be put to each other Purchaser Group ratably and applied in accordance with this paragraph (g)).  Notwithstanding anything in this paragraph (g) to the contrary, no Related Committed Purchaser  or related LC Participant shall be required to make a Purchase or payment with respect to such  drawing pursuant to this paragraph for an amount which would cause the aggregate Capital of such  Related Committed Purchaser or Pro Rata Share of the face amount of any outstanding Letter of  Credit of such related LC Participant (after giving effect to such Purchase or payment with respect  to such drawing) to exceed its Commitment.  Section 1.3 Purchased Interest Computation. The Purchased Interest shall be initially  computed on the First Omnibus Amendment Effective Date. Thereafter, until the Facility  Termination Date, such Purchased Interest shall be automatically recomputed (or deemed to be  recomputed) on each Business Day other than a Termination Day. From and after the occurrence  of any Termination Day, the Purchased Interest shall (until the event(s) giving rise to such  Termination Day are satisfied or are waived by the Administrator in accordance with Section 2.2)  be deemed to be 100%. The Purchased Interest shall become zero on the Final Payout Date.  Section 1.4 Settlement Procedures.   (a) The collection of the Pool Receivables shall be administered by the Servicer in  accordance with this Agreement. The Seller shall provide to the Servicer on a timely basis all  information needed for such administration, including notice of the occurrence of any Termination  Day and current computations of the Purchased Interest.  (b) The Servicer shall, on each day on which Collections of Pool Receivables are  received (or deemed received) by the Seller or the Servicer:  (i) set aside and hold in trust (and shall, at the request of the Administrator,  segregate in a separate account approved by the Administrator) for the benefit of each  Purchaser Group, out of such Collections, first, an amount equal to the Aggregate Discount  accrued through such day for each Portion of Capital and not previously set aside, second,  an amount equal to the fees set forth in each Purchaser Group Fee Letter accrued and unpaid  through such day, and third, to the extent funds are available therefor, an amount equal to  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 7    the aggregate of each Purchasers’ Share of the Servicing Fee accrued through such day and  not previously set aside,  (ii) subject to Section 1.4(f), if such day is not a Termination Day, remit to the  Seller, ratably, on behalf of each Purchaser Group, the remainder of such Collections.  Such  remainder shall, to the extent representing a return on the Aggregate Capital, ratably,  according to each Purchaser’s Capital, be automatically reinvested in Pool Receivables,  and in the Related Security, Collections and other proceeds with respect thereto; provided,  however, that if the Purchased Interest would exceed 100%, then the Servicer shall not  reinvest, but shall set aside and hold in trust for the benefit of the Purchasers (and shall, at  the request of the Administrator, segregate in a separate account approved by the  Administrator) a portion of such Collections that, together with the other Collections set  aside pursuant to this paragraph, shall equal the amount necessary to reduce the Purchased  Interest to 100%, which amount shall be deposited ratably to each Purchaser Agent’s  account (for the benefit of its related Purchasers) on the next Settlement Date in accordance  with Section 1.4(c); provided, further, that (x) in the case of any Purchaser that is a Conduit  Purchaser, if such Purchaser has provided notice (a “Declining Notice”) to its Purchaser  Agent, the Administrator, and the Servicer that such Purchaser (a “Declining Conduit  Purchaser”) no longer wishes Collections with respect to any Portion of Capital funded or  maintained by such Purchaser to be reinvested pursuant to this clause (ii), and (y) in the  case of any Purchaser that has provided notice (an “Exiting Notice”) to its Purchaser Agent  of its refusal, pursuant to Section 1.22, to extend its Commitment hereunder (an “Exiting  Purchaser”) then in either case (x) or (y), above, such Collections shall not be reinvested  and shall instead be held in trust for the benefit of such Purchaser and applied in accordance  with clause (iii), below,  (iii) if such day is a Termination Day (or any day following the provision of a  Declining Notice or an Exiting Notice), set aside, segregate and hold in trust (and shall, at  the request of the Administrator, segregate in a separate account approved by the  Administrator) for the benefit of each Purchaser Group the entire remainder of such  Collections (or in the case of a Declining Conduit Purchaser or an Exiting Purchaser an  amount equal to such Purchaser’s ratable share of such Collections based on its Capital);  provided that solely for the purpose of determining such Purchaser’s ratable share of such  Collections, such Purchaser’s Capital shall be deemed to remain constant from the date of  the provision of a Declining Notice or an Exiting Notice, as the case may be, until the date  such Purchaser’s Capital has been paid in full; it being understood that if such day is also  a Termination Day, such Declining Conduit Purchaser’s or Exiting Purchaser’s Capital  shall be recalculated taking into account amounts received by such Purchaser in respect of  this parenthetical and thereafter Collections shall be set aside for such Purchaser ratably in  respect of its Capital (as recalculated)); provided that if amounts are set aside and held in  trust on any day following the provision of a Declining Notice or an Exiting Notice and,  thereafter, such Declining Notice or Exiting Notice, as the case may be, has been revoked  by the related Declining Conduit Purchaser or Exiting Purchaser, respectively and written  notice thereof has been provided to the Administrator, the related Purchaser Agent and the  Servicer), such previously set-aside amounts shall, to the extent representing a return on  the Capital of the Declining Conduit Purchaser or Exiting Purchaser, as the case may be,  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 8    be reinvested in accordance with clause (ii) on the day of such subsequent revocation of  Declining Notice or Exiting Notice, as the case may be, and  (iv) release to the Seller (subject to Section 1.4(f)) for its own account any  Collections in excess, if any, of: (x) amounts required to be reinvested in accordance with  clause (ii) or the proviso to clause (iii) above plus (y) the amounts that are required to be  set aside pursuant to clause (i), the proviso to clause (ii) and clause (iii) above plus (z) the  Seller’s Share of the Servicing Fee accrued and unpaid through such day and all reasonable  and appropriate out-of-pocket costs and expenses of the Servicer for servicing, collecting  and administering the Pool Receivables.  (c) The Servicer shall, in accordance with the priorities set forth in Section 1.4(d),  below, deposit into each applicable Purchaser Agent’s account (or such other account designated  by such applicable Purchaser or its Purchaser Agent), on each Settlement Date (for any Portion of  Capital), Collections held for each Purchaser with respect to such Purchaser’s Portion(s) of Capital  pursuant to clause (b)(i) or (f) of this Section 1.4, plus the amount of Collections then held for the  related Purchasers pursuant to clauses (b)(ii) and (iii) of this Section 1.4; provided that if Cooper  Tire or an Affiliate thereof is the Servicer, such day is not a Termination Day and the Administrator  has not notified Cooper Tire (or such Affiliate) that such right is revoked, Cooper Tire (or such  Affiliate) may retain the portion of the Collections set aside pursuant to clause (b)(i) above that  represents the aggregate of each Purchasers’ Share of the Servicing Fee.  (d) The Servicer shall distribute the amounts described (and at the times set forth) in  Section 1.4(c), as follows:  (i) on each Monthly Settlement Date, if such distribution occurs on a day that  is not a Termination Day, first, to each Purchaser Agent ratably according to the Discount  accrued during such Yield Period (for the benefit of the relevant Purchasers within such  Purchaser Agent’s Purchaser Group) in payment in full of all accrued Discount and Fees  (other than Servicing Fees) with respect to each Portion of Capital maintained by such  Purchasers; it being understood that each Purchaser Agent shall distribute such amounts to  the Purchasers within its Purchaser Group ratably according to Discount, and second, if  the Servicer has set aside amounts in respect of the Servicing Fee pursuant to clause (b)(i)  and has not retained such amounts pursuant to clause (c), to the Servicer’s own account  (payable in arrears on each Monthly Settlement Date) in payment in full of the aggregate  of the Purchasers’ Share of accrued Servicing Fees so set aside,  (ii) on each Settlement Date, if such distribution occurs on a Termination Day,  first, if Cooper Tire or an Affiliate thereof is not the Servicer, to the Servicer’s own account  in payment in full of the Purchasers’ Share of all accrued Servicing Fees, second, to each  Purchaser Agent ratably (based on the aggregate accrued and unpaid Discount and Fees  (other than Servicing Fees) payable to all Purchasers at such time) (for the benefit of the  relevant Purchasers within such Purchaser Agent’s Purchaser Group) in payment in full of  all accrued Discount with respect to each Portion of Capital funded or maintained by the  Purchasers within such Purchaser Agent’s Purchaser Group, third, to each Purchaser Agent  ratably according to the aggregate of the Capital of each Purchaser in each such Purchaser  Agent’s Purchaser Group (for the benefit of the relevant Purchasers within such Purchaser  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 9    Agent’s Purchaser Group) in payment in full of each Purchaser’s Capital; it being  understood that each Purchaser Agent shall distribute the amounts described in the first and  second clauses of this Section 1.4(d)(ii) to the Purchasers within its Purchaser Group  ratably according to Discount and Capital, respectively, fourth, to the LC Collateral  Account for the benefit of the LC Bank and the LC Participants the amount necessary to  cash collateralize the LC Participation Amount until the amount of cash collateral held in  the LC Collateral Account (other than amounts representing LC Fee Expectation) equals  100% of the aggregate outstanding amount of the LC Participation Amount, and an amount  equal to the LC Fee Expectation at such time (or such portion thereof not currently on  deposit in the LC Collateral Account); fifth, if the Aggregate Capital and accrued  Aggregate Discount with respect to each Portion of Capital for all Purchaser Groups have  been reduced to zero, and the Purchasers’ Share of all accrued Servicing Fees payable to  the Servicer (if other than Cooper Tire or an Affiliate thereof) have been paid in full, to  each Purchaser Group ratably, based on the amounts payable to each (for the benefit of the  Purchasers within such Purchaser Group), the Administrator and any other Indemnified  Party or Affected Person in payment in full of any other amounts owed thereto by the Seller  or Servicer hereunder and, sixth, to the Servicer’s own account (if the Servicer is Cooper  Tire or an Affiliate thereof) in payment in full of the aggregate of the Purchasers’ Share of  all accrued Servicing Fees; and  (iii) on each Settlement Date on which the Purchased Interest exceeds 100%, to  each Purchaser Agent, for the benefit of its related Purchasers, its Purchaser Group’s  ratable share of the aggregate amount to be applied in reduction of Aggregate Capital  necessary to reduce the Purchased Interest to 100%.  After the Aggregate Capital, Aggregate Discount, fees payable pursuant to each Purchaser Group  Fee Letter and Servicing Fees with respect to the Purchased Interest, and any other amounts  payable by the Seller and the Servicer to each Purchaser Group, the Administrator or any other  Indemnified Party or Affected Person hereunder, have been paid in full, and (on and after a  Termination Day) after an amount equal to 100% of the LC Participation Amount and the LC Fee  Expectation has been deposited in the LC Collateral Account, all additional Collections with  respect to the Purchased Interest shall be paid to the Seller for its own account.  (e) For the purposes of this Section 1.4:   (i) if on any day the Outstanding Balance of any Pool Receivable is reduced or  adjusted as a result of any defective, rejected, returned, repossessed or foreclosed goods or  services, or any revision, cancellation, allowance, rebate, discount or other adjustment  made by the Seller or any Affiliate of the Seller, or the Servicer or any Affiliate of the  Servicer, or any setoff or dispute between the Seller or any Affiliate of the Seller, or the  Servicer or any Affiliate of the Servicer and an Obligor, the Seller shall be deemed to have  received on such day a Collection of such Pool Receivable in the amount of such reduction  or adjustment and, if such reduction or adjustment (x) causes the Purchased Interest to  exceed 100% or (y) occurs after the occurrence of the Facility Termination Date, the Seller  shall pay an amount equal to such reduction or adjustment to a Lock-Box Account for the  benefit of the Purchasers and their assigns and for application pursuant to Section 1.4;   

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 10    (ii) if on any day any of the representations or warranties in Sections 1(j) or 3(a)  of Exhibit III is not true with respect to any Pool Receivable, the Seller shall be deemed to  have received on such day a Collection of such Pool Receivable in full and, if such breach  (x) causes the Purchased Interest to exceed 100% (determined on a pro forma basis after  giving effect to such breach and subtraction of the Outstanding Balance of such Pool  Receivables related to such breach from the Net Receivables Pool Balance) or (y) occurs  after the occurrence of the Facility Termination Date, the Seller shall pay the amount of  such deemed Collection to a Lock-Box Account (or as otherwise directed by the  Administrator at such time) for the benefit of the Purchasers and their assigns and for  application pursuant to this Section 1.4 (Collections deemed to have been received pursuant  to clause (i) or (ii) of this paragraph (e) are hereinafter sometimes referred to as “Deemed  Collections”).  Upon payment in full by the Seller of any Pool Receivable in accordance  with this Section 1.4(e)(ii), the Administrator and each other Purchaser’s rights in such  Receivable shall automatically be conveyed to the Seller, without representation or  warranty, but free and clear of all liens, security interests, charges, and encumbrances  created by or through the Administrative Agent or such other Purchaser;  (iii) except as otherwise required by applicable law or the relevant Contract, all  Collections received from an Obligor of any Receivable shall be applied to the Receivables  of such Obligor in the order of the age of such Receivables, starting with the oldest such  Receivable, unless such Obligor designates in writing its payment for application to  specific Receivables; and  (iv) if and to the extent the Administrator, any Purchaser Agent or any Purchaser  shall be required for any reason to pay over to an Obligor (or any trustee, receiver,  custodian or similar official in any Insolvency Proceeding) any amount received by it  hereunder, such amount shall be deemed not to have been so received by such Person but  rather to have been retained by the Seller and, accordingly, such Person shall have a claim  against the Seller for such amount, payable when and to the extent that any distribution  from or on behalf of such Obligor is made in respect thereof.  (f) If at any time the Seller shall wish to cause the reduction of Aggregate Capital (but  not to commence the liquidation, or reduction to zero, of the entire Aggregate Capital) the Seller  may do so as follows:  (i) the Seller shall give the Administrator, each Purchaser Agent and the  Servicer written notice in the form of Annex E (each, a “Paydown Notice”) not later than  2:00 p.m. New York City time on the date that is one Business Day prior to the date of  such reduction for any reduction of the Aggregate Capital, and each such Paydown Notice  shall include, among other things, the amount of such proposed reduction and the proposed  date on which such reduction will commence;  (ii) on the proposed date of commencement of such reduction and on each day  thereafter, the Servicer shall cause Collections not to be reinvested until the amount thereof  not so reinvested shall equal the desired amount of reduction; and  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 11    (iii) the Servicer shall hold such Collections in trust for the benefit of each  Purchaser ratably according to its Capital, for payment to each such Purchaser (or its related  Purchaser Agent for the benefit of such Purchaser) on the next Settlement Date (or such  other date as agreed to by the Administrator) with respect to any Portions of Capital  maintained by such Purchaser immediately following the related current Yield Period, and  the Aggregate Capital (together with the Capital of any related Purchaser) shall be deemed  reduced in the amount to be paid to such Purchaser (or its related Purchaser Agent for the  benefit of such Purchaser) only when in fact finally so paid;  provided that the amount of any such reduction shall be not less than $100,000 for each Purchaser  Group and shall be an integral multiple of $100,000.  Section 1.5 Fees.  The Seller shall pay to each Purchaser Agent for the benefit of the  Purchasers and Liquidity Providers in the related Purchaser Group in accordance with the  provisions set forth in Section 1.4(d) certain fees in the amounts and on the dates set forth in one  or more fee letter agreements, dated the First Omnibus Amendment Effective Date (or dated the  date any such Purchaser and member of its related Purchaser Group become a party hereto pursuant  to an Assumption Agreement, a Transfer Supplement or otherwise), among the Servicer, the Seller,  and the applicable Purchaser Agent, respectively (as any such fee letter agreement may be  amended, restated, supplemented or otherwise modified from time to time, each, a “Purchaser  Group Fee Letter”) and each of the Purchaser Group Fee Letters may be referred to collectively  as, the “Fee Letters”).  Section 1.6 Payments and Computations, Etc.   (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be  made without reduction for offset or counterclaim and shall be paid or deposited no later than 2:00  p.m. (New York City time) on the day when due in same day funds to the account for each  Purchaser maintained by the applicable Purchaser Agent (or such other account as may be  designated from time to time by such Purchaser Agent to the Seller and the Servicer). All amounts  received after 2:00 p.m. (New York City time) will be deemed to have been received on the next  Business Day.  (b) The Seller or the Servicer, as the case may be, shall, to the extent permitted by law,  pay to the Purchaser Agents their respective Purchaser Group’s ratable share of interest on any  amount not paid or deposited by such Person when due hereunder, at an interest rate equal to 2.0%  per annum above the Base Rate, payable on demand.  (c) All computations of interest under clause (b) above and all computations of  Discount, Fees and other amounts hereunder shall be made on the basis of a year of 360 (or 365  or 366, as applicable, with respect to Discount or other amounts calculated by reference to the  Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be  made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be  made on the next Business Day and such extension of time shall be included in the computation  of such payment or deposit.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 12    Section 1.7 Increased Costs.   (a) If, after the First Omnibus Amendment Effective Date, the Administrator, any  Purchaser, Purchaser Agent, Liquidity Provider or Program Support Provider or any of their  respective Affiliates (each an “Affected Person”) reasonably determines that any Change in Law  affects or would affect the amount of capital required or expected to be maintained by such  Affected Person, and such Affected Person determines that the amount of such capital is increased  by or based upon the existence of any commitment to make purchases of (or otherwise to maintain  the investment in) Pool Receivables or issue any Letter of Credit or any related liquidity facility,  credit enhancement facility and other commitments of the same type, then, upon demand by such  Affected Person or its related Purchaser Agent (with a copy to the Administrator), the Seller shall  promptly pay to the Administrator (if the Administrator or one of its Affiliates is the Affected  Person) or to the applicable Purchaser Agent, for the account of such Affected Person, from time  to time as specified by such Affected Person or its related Purchaser Agent, additional amounts  sufficient to compensate such Affected Person in the light of such circumstances, to the extent that  such Affected Person determines such increase in capital to be allocable to the existence of any of  such commitments.  (b) If due to any Change in Law, there shall be any increase after the First Omnibus  Amendment Effective Date in the cost to any Affected Person of agreeing to purchase or  purchasing, or maintaining the ownership of, the Purchased Interest (or its portion thereof) in  respect of which Discount is computed by reference to the Euro-Rate or LMIR, then, upon demand  by such Affected Person, the Seller shall promptly pay to such Affected Person, from time to time  as specified by such Affected Person, additional amounts sufficient to compensate such Affected  Person for such increased costs.  (c) A certificate of an Affected Person (or its related Purchaser Agent) setting forth the  amount or amounts necessary to compensate such Affected Person or its holding company, as the  case may be, as specified in clause (a) or (b) of this Section and delivered to the Seller, shall be  conclusive absent manifest error.  The Seller shall pay such Affected Person’s related Purchaser  Agent (for the account of such Affected Person) the amount shown as due on any such certificate  on the first Settlement Date occurring after the Seller’s receipt of such certificate.  (d) Failure or delay on the part of any Affected Person to demand compensation  pursuant to this Section shall not constitute a waiver of such Affected Person’s right to demand  such compensation; provided that the Seller shall not be required to compensate an Affected  Person pursuant to this Section for any increased costs incurred or reductions suffered more than  six months prior to the date that such Affected Person notifies the Seller of the Change in Law  giving rise to such increased costs or reductions and of such Affected Person’s intention to claim  compensation therefor (except that, if the Change in Law giving rise to such increased costs or  reductions is retroactive, then the six month period referred to above shall be extended to include  the period of retroactive effect thereof).  Section 1.8 Requirements of Law.  If, after the First Omnibus Amendment Effective  Date any Change in Law:  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 13    (a) does or shall subject such Affected Person to any tax of any kind whatsoever with  respect to this Agreement, any increase in the Purchased Interest (or its portion thereof) or in the  amount of Capital relating thereto, or does or shall change the basis of taxation of payments to  such Affected Person on account of Collections, Discount or any other amounts payable hereunder,  or  (b) does or shall impose, modify or hold applicable any reserve, special deposit,  compulsory loan or similar requirement against assets held by, or deposits or other liabilities in or  for the account of, purchases, advances or loans by, or other credit extended by, or any other  acquisition of funds by, any office of such Affected Person that are not otherwise included in the  determination of the Euro-Rate or LMIR hereunder,   and the result of any of the foregoing is: (A) to increase the cost to such Affected Person of  agreeing to purchase or purchasing or maintaining the ownership of undivided percentage  ownership interests with regard to, or issuing any Letter of Credit in respect of, the Purchased  Interest (or interests therein) or any Portion of Capital, or (B) to reduce any amount receivable  hereunder (whether directly or indirectly), then, in any such case, upon demand by such Affected  Person, the Seller shall promptly pay to such Affected Person additional amounts necessary to  compensate such Affected Person for such additional cost or reduced amount receivable. All such  amounts shall be payable as incurred.  A certificate of an Affected Person (or its related Purchaser Agent) setting forth the amount or  amounts necessary to compensate such Affected Person or its holding company, as the case may  be, as specified in clause (a) or (b) of this Section and delivered to the Seller, shall be conclusive  absent manifest error; provided, however, that no Affected Person shall be required to disclose  any confidential or tax planning information in such certificate.  The Seller shall pay such  Affected Person’s related Purchaser Agent (for the account of such Affected Person) the amount  shown as due on any such certificate on the first Settlement Date occurring after the Seller’s  receipt of such certificate.  Failure or delay on the part of any Affected Person to demand compensation pursuant to this  Section shall not constitute a waiver of such Affected Person’s right to demand such  compensation; provided that the Seller shall not be required to compensate an Affected Person  pursuant to this Section for any increased costs incurred or reductions suffered more than six  months prior to the date that such Affected Person notifies the Seller of the Change in Law giving  rise to such increased costs or reductions and of such Affected Person’s intention to claim  compensation therefor (except that, if the Change in Law giving rise to such increased costs or  reductions is retroactive, then the six month period referred to above shall be extended to include  the period of retroactive effect thereof.  Section 1.9 Funding Losses.  The Seller shall compensate each Affected Person,  upon written request by such Person for all losses, expenses and liabilities (including any interest  paid by such Affected Person to lenders of funds borrowed by it to fund or maintain any Portion  of Capital hereunder at an interest rate determined by reference to the Euro-Rate or LMIR and any  loss sustained by such Person in connection with the re-employment of such funds), which such  Affected Person may sustain with respect to funding or maintaining such Portion of Capital at the  Euro-Rate or LMIR if, for any reason, at the applicable request by the Seller to fund or maintain  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 14    such Portion of Capital at an interest rate determined by reference to the Euro-Rate does not occur  on a date specified therefor.  Section 1.10 Taxes. The Seller agrees that:  (a) Any and all payments by the Seller under this Agreement and any other Transaction  Document shall be made free and clear of and without deduction for any and all current or future  taxes, stamp or other taxes, levies, imposts, deductions, charges or withholdings, and all liabilities  with respect thereto (all such taxes, levies, imposts, deductions, charges, withholdings and  liabilities being hereinafter referred to as “Taxes”). If the Seller shall be required by law to deduct  any Taxes from or in respect of any sum payable hereunder to any Purchaser, any Liquidity  Provider, Program Support Provider or the Administrator, then the sum payable shall be increased  by the amount necessary to yield to such Person (after payment of all Taxes) an amount equal to  the sum it would have received had no such deductions been made.  (b) Whenever any Taxes are payable by the Seller, as promptly as possible thereafter,  the Seller shall send to the Administrator for its own account or for the account of any Purchaser  or any Liquidity Provider or other Program Support Provider, as the case may be, a certified copy  of an original official receipt showing payment thereof or such other evidence of such payment as  may be available to the Seller and acceptable to the taxing authorities having jurisdiction over such  Person. If the Seller fails to pay any Taxes when due to the appropriate taxing authority or fails to  remit to the Administrator the required receipts or other required documentary evidence, the Seller  shall indemnify the Administrator and/or any other Affected Person, as applicable, for any  incremental taxes, interest or penalties that may become payable by such party as a result of any  such failure.  Section 1.11 Certain Provisions Applicable to LIBOR.   1.11.1. Inability to Determine Euro-Rate or LMIR.   (a) If the Administrator (or any Purchaser Agent) determines before the first day of  any Yield Period (or solely with respect to LMIR, on any day) (which determination shall be final  and conclusive) that, by reason of circumstances affecting the interbank eurodollar market  generally, (i) deposits in dollars (in the relevant amounts for such Yield Period) are not being  offered to banks in the interbank eurodollar market for such Yield Period, (ii) adequate means do  not exist for ascertaining the Euro-Rate or LMIR for such Yield Period (or portion thereof) or (iii)  the Euro-Rate or LMIR does not accurately reflect the cost to any Purchaser (as determined by the  related Purchaser or the applicable Purchaser Agent) of maintaining any Portion of Capital during  such Yield Period (or portion thereof), then the Administrator shall give notice thereof to the Seller.  Thereafter, until the Administrator or such Purchaser Agent notifies the Seller that the  circumstances giving rise to such suspension no longer exist, (a) no Portion of Capital shall be  funded at the Yield Rate determined by reference to the Euro-Rate or LMIR and (b) subject to  Section 1.11.2, the Discount for any outstanding Portions of Capital then funded at the Yield Rate  determined by reference to the Euro-Rate or LMIR shall, on the last day of the then current Yield  Period (or solely with respect to LMIR, immediately), be converted to the Yield Rate determined  by reference to the Base Rate.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 15    (b) If, on or before the first day of any Yield Period (or solely with respect to LMIR,  on any day), the Administrator shall have been notified by any Affected Person that such Affected  Person has determined (which determination shall be final and conclusive) that any Change in Law  or compliance by such Affected Person with any Change in Law shall make it unlawful or  impossible for such Affected Person to fund or maintain any Portion of Capital at the Yield Rate  and based upon the Euro-Rate or LMIR, the Administrator shall notify the Seller thereof. Upon  receipt of such notice, until the Administrator notifies the Seller that the circumstances giving rise  to such determination no longer apply, (a) no Portion of Capital shall be funded at the Yield Rate  determined by reference to the Euro-Rate or LMIR and (b) the Discount for any outstanding  Portions of Capital then funded at the Yield Rate determined by reference to the Euro-Rate or  LMIR shall be converted to the Yield Rate determined by reference to the Base Rate either (i) on  the last day of the then current Yield Period (or solely with respect to LMIR, immediately) if such  Affected Person may lawfully continue to maintain such Portion of Capital at the Yield Rate  determined by reference to the Euro-Rate or LMIR to such day, or (ii) immediately, if such  Affected Person may not lawfully continue to maintain such Portion of Capital at the Yield Rate  determined by reference to the Euro-Rate or LMIR to such day.  1.11.2. Effect of Benchmark Transition Event.  (a) Benchmark Replacement. Notwithstanding anything to the contrary herein  or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event or  an Early Opt-in Election, as applicable, the Administrator and the Seller may amend this  Agreement to replace LIBOR with a Benchmark Replacement.  Any such amendment with respect  to a Benchmark Transition Event will become effective at 5:00 p.m., New York City time, on the  fifth (5th) Business Day after the Administrator has posted such proposed amendment to all  Purchasers and the Seller so long as the Administrator has not received, by such time, written  notice of objection to such amendment from Purchaser Agents comprising the Required Purchaser  Agents. Any such amendment with respect to an Early Opt-in Election will become effective on  the date that Purchaser Agents comprising the Required Purchaser Agents have delivered to the  Administrator written notice that such Required Purchaser Agents accept such amendment.  No  replacement of LIBOR with a Benchmark Replacement pursuant to this Section 1.11.2 will occur  prior to the applicable Benchmark Transition Start Date.  (b) Benchmark Replacement Conforming Changes. In connection with the  implementation of a Benchmark Replacement, the Administrator will have the right to make  Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything  to the contrary herein or in any other Transaction Document, any amendments implementing such  Benchmark Replacement Conforming Changes will become effective without any further action  or consent of any other party to this Agreement.  (c) Notices; Standards for Decisions and Determinations. The Administrator  will promptly notify the Seller, the Servicer and the Purchaser Agents of (i) any occurrence of a  Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark  Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any  Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming  Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any  determination, decision or election that may be made by the Administrator, the Purchaser Agents  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 16    or Purchasers pursuant to this Section 1.11.2 including any determination with respect to a tenor,  rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and  any decision to take or refrain from taking any action, will be conclusive and binding absent  manifest error and may be made in its or their sole discretion and without consent from any other  party hereto, except, in each case, as expressly required pursuant to this Section 1.11.2.  Section 1.12 Letters of Credit.   Subject to the terms and conditions hereof and the satisfaction of the applicable conditions  set forth in Exhibit II, the LC Bank shall issue or cause the issuance of  standby letters of credit  denominated in United States dollars (“Letters of Credit”) on behalf of the Seller (and, if  applicable, on behalf of, or for the account of, an Originator or any of its Subsidiaries, and (ii) for  the avoidance of doubt, the LC Bank’s obligation to issue a Letter of Credit shall be subject in all  respects to the limitations set forth in the last sentence of the first paragraph of Section 1.1(a).   Discount shall accrue on all amounts drawn under Letters of Credit for each day on and after the  applicable Drawing Date so long as such drawn amounts shall have not been reimbursed to the LC  Bank pursuant to the terms hereof.  Section 1.13 Issuance of Letters of Credit.   (a) The Seller may request the LC Bank, upon three (3) Business Days’ (or such shorter  time period agreed to by the LC Bank) prior written notice submitted on or before 11:00 a.m., New  York City time, to issue a Letter of Credit by delivering to the Administrator a Letter of Credit  Application (the “Letter of Credit Application”), substantially in the form of Annex F hereto and  a Purchase Notice, in the form of Annex B hereto, in each case completed to the satisfaction of the  Administrator and the LC Bank, and such other certificates, documents and other papers and  information as the Administrator may reasonably request. The Seller also has the right to give  instructions and make agreements with respect to any Letter of Credit Application and the  disposition of documents, and to agree with the Administrator upon any amendment, extension or  renewal of any Letter of Credit.  (b) Each Letter of Credit shall, among other things, (i) provide for the payment of sight  drafts or other written demands for payment when presented for honor thereunder in accordance  with the terms thereof and when accompanied by the documents described therein and (ii) have an  expiry date not later than the date that is twelve (12) months after such Letter of Credit’s date of  issuance, extension or renewal, as the case may be, and in no event later than the date that is twelve  (12) months after the Facility Termination Date. The terms of each Letter of Credit may include  customary “evergreen” provisions providing that such Letter of Credit’s expiry date shall  automatically be extended for additional periods not to exceed twelve (12) months unless, not less  than thirty (30) days (or such longer period as may be specified in such Letter of Credit) (the  “Notice Date”) prior to the applicable expiry date, the LC Bank delivers written notice to the  beneficiary thereof declining such extension; provided, however, that if (x) any such extension  would cause the expiry date of such Letter of Credit to occur after the date that is twelve (12)  months after the Facility Termination Date determined pursuant to clause (a) of the definition  thereof or (y) the LC Bank determines that any condition precedent (including, without limitation,  those set forth in Section 1.1(a) or Exhibit II) to issuing such Letter of Credit hereunder are not  satisfied (other than any such condition requiring the Seller to submit an Issuance Notice or Letter  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 17    of Credit Application in respect thereof), then the LC Bank, in the case of clause (x) above, may  (or at the written direction of any LC Participant, shall) or, in the case of clause (y) above, shall,  use reasonable efforts in accordance with (and to the extent permitted by) the terms of such Letter  of Credit to prevent the extension of such expiry date (including notifying the Seller and the  beneficiary of such Letter of Credit in writing prior to the Notice Date that such expiry date will  not be so extended). Each Letter of Credit shall be subject either to the Uniform Customs and  Practice for Documentary Credits (2007 Revision), International Chamber of Commerce  Publication No. 600, and any amendments or revisions thereof adhered to by the LC Bank or the  International Standby Practices (ISP98-International Chamber of Commerce Publication Number  590), and any amendments or revisions thereof adhered to by the LC Bank, as determined by the  LC Bank.  (c) Immediately upon the issuance by the LC Bank of any Letter of Credit (or any  amendment to a Letter of Credit increasing the amount thereof), the LC Bank shall be deemed to  have sold and transferred to each LC Participant, and each LC Participant shall be deemed  irrevocably and unconditionally to have purchased and received from the LC Bank, without  recourse or warranty, an undivided interest and participation, to the extent of such LC Participant’s  Pro Rata Share, in such Letter of Credit, each drawing made thereunder and the obligations of the  Seller hereunder with respect thereto, and any security therefor or guaranty pertaining thereto.  Upon any change in the Commitments or Pro Rata Shares of the LC Participants pursuant to this  Agreement, it is hereby agreed that, with respect to all outstanding Letters of Credit and  unreimbursed drawings thereunder, there shall be an automatic adjustment to the participations  pursuant to this Section 1.13(c) to reflect the new Pro Rata Shares of the assignor and assignee LC  Participant or of all LC Participants with Commitments, as the case may be. In the event that the  LC Bank makes any payment under any Letter of Credit and the Seller shall not have reimbursed  such amount in full to the LC Bank pursuant to Section 1.15(a), each LC Participant shall be  obligated to make Participation Advances with respect to such Letter of Credit in accordance with  Section 1.15(b).   Section 1.14 Requirements for Issuance of Letters of Credit.   The Seller shall authorize and direct the LC Bank to name the Seller or any Originator or  any Originator’s subsidiary as the “Applicant” or “Account Party” of each Letter of Credit.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 18    Section 1.15 Disbursements under Letters of Credit; Reimbursement.   (a) In the event of any request for a drawing under a Letter of Credit by the beneficiary  or transferee thereof, the LC Bank will promptly notify the Administrator and the Seller of such  request. Provided that it shall have received such notice, the Seller shall reimburse (such obligation  to reimburse the LC Bank shall sometimes be referred to as a “Reimbursement Obligation”) the  LC Bank prior to 12:00 p.m., New York City time on the first Business Day after the date that an  amount is paid by the LC Bank under any Letter of Credit (each such date, a “Drawing Date”) in  an amount equal to the amount so paid by the LC Bank.  In the event the Seller fails to reimburse  the LC Bank for the full amount of any drawing under any Letter of Credit by 12:00 p.m., New  York City time, on the Drawing Date (including because the conditions precedent to a Purchase  requested by the Seller pursuant to Section 1.2 shall not have been satisfied), the LC Bank will  promptly notify each LC Participant thereof.  Any notice given by the LC Bank pursuant to this  Section may be oral if immediately confirmed in writing; provided that the lack of such an  immediate confirmation shall not affect the conclusiveness or binding effect of such notice.  (b) Each LC Participant shall upon any notice pursuant to clause (a) above make  available to the LC Bank an amount in immediately available funds equal to its Pro Rata Share of  the amount of the drawing (a “Participation Advance”), whereupon the LC Participants shall each  be deemed to have made a Purchase in that amount. If any LC Participant so notified fails to make  available to the LC Bank the amount of such LC Participant’s Pro Rata Share of such amount by  no later than 2:00 p.m., New York City time on the Drawing Date, then interest shall accrue on  such LC Participant’s obligation to make such payment, from the Drawing Date to the date on  which such LC Participant makes such payment (i) at a rate per annum equal to the Federal Funds  Rate during the first three days following the Drawing Date and (ii) at a rate per annum equal to  the Base Rate on and after the fourth day following the Drawing Date. The LC Bank will promptly  give notice of the occurrence of the Drawing Date, but failure of the LC Bank to give any such  notice on the Drawing Date or in sufficient time to enable any LC Participant to effect such  payment on such date shall not relieve such LC Participant from its obligation under this clause  (b). Each LC Participant’s Commitment shall continue until the last to occur of any of the  following events: (A) the LC Bank ceases to be obligated to issue or cause to be issued Letters of  Credit hereunder; (B) no Letter of Credit issued hereunder remains outstanding and uncancelled  or (C) all Persons (other than the Seller) have been fully reimbursed for all payments made under  or relating to Letters of Credit.  Section 1.16 Repayment of Participation Advances.   (a) Upon (and only upon) receipt by the LC Bank for its account of immediately  available funds from or for the account of the Seller (i) in reimbursement of any payment made by  the LC Bank under a Letter of Credit with respect to which any LC Participant has made a  Participation Advance to the LC Bank or (ii) in payment of Discount on the Purchases made or  deemed to have been made in connection with any such draw, the LC Bank (or the Administrator  on its behalf) will pay to each LC Participant, ratably (based on the outstanding drawn amounts  funded by each such LC Participant in respect of such Letter of Credit), in the same funds as those  received by the LC Bank; it being understood, that the LC Bank shall retain a ratable amount of  such funds that were not the subject of any payment in respect of such Letter of Credit by any LC  Participant.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 19    (b) If the LC Bank is required at any time to return to the Seller, or to a trustee, receiver,  liquidator, custodian, or any official in any Insolvency Proceeding, any portion of the payments  made by the Seller to the LC Bank pursuant to this Agreement in reimbursement of a payment  made under the Letter of Credit or interest or fee thereon, each LC Participant shall, on demand of  the LC Bank, forthwith return to the LC Bank the amount of its Pro Rata Share of any amounts so  returned by the LC Bank plus interest at the Federal Funds Rate, from the date the payment was  first made to such LC Participant through, but not including, the date the payment is returned by  such LC Participant.  (c) If any Letters of Credit are outstanding and undrawn on the Facility Termination  Date, the LC Collateral Account shall be funded from Collections (or, in the Seller’s sole  discretion, by other funds available to the Seller) in an amount equal to the aggregate undrawn  face amount of such Letters of Credit plus all related LC Fees (as defined in Wells Fargo Group’s  Fee Letter) and transactional fees and charges to accrue through the stated expiration dates thereof  (such LC Fees and transactional fees and charges to accrue, as reasonably estimated by the LC  Bank, the “LC Fee Expectation”).  Section 1.17 Letter of Credit Documentation.    The Seller agrees to be bound by the terms of the Letter of Credit Application and by the  LC Bank’s interpretations of any Letter of Credit issued for the Seller and by the LC Bank’s written  regulations and customary practices relating to letters of credit, though the LC Bank’s  interpretation of such regulations and practices may be different from the Seller’s own. In the event  of a conflict between the Letter of Credit Application and this Agreement, this Agreement shall  govern.  The LC Bank shall not be liable for any error, negligence and/or mistakes, whether of  omission or commission, in following the Seller’s instructions or those contained in the Letters of  Credit or any modifications, amendments or supplements thereto except to the extent resulting  from the gross negligence or willful misconduct of the LC Bank. In addition to any other fees or  expenses owing under the Fee Letter or any other Transaction Document or otherwise pursuant to  any Letter of Credit Application, the Seller shall pay to the LC Bank for its own account any  customary issuance, presentation, amendment and other processing fees, and other standard costs  and charges, of the LC Bank relating to letters of credit as from time to time in effect.  Such  customary fees shall be due and payable upon demand and shall be nonrefundable.  Section 1.18 Determination to Honor Drawing Request.   In determining whether to honor any request for drawing under any Letter of Credit by the  beneficiary thereof, the LC Bank shall be responsible only to determine that the documents and  certificates required to be delivered under such Letter of Credit have been delivered and that they  comply on their face with the requirements of such Letter of Credit and that any other drawing  condition appearing on the face of such Letter of Credit has been satisfied in the manner so set  forth.  Section 1.19 Nature of Participation and Reimbursement Obligations.   Each LC Participant’s obligation in accordance with this Agreement to make Participation  Advances as a result of a drawing under a Letter of Credit, and the obligations of the Seller to  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 20    reimburse the LC Bank upon a draw under a Letter of Credit, shall be absolute, unconditional and  irrevocable, and shall be performed strictly in accordance with the terms of this Article I under all  circumstances, including the following circumstances:  (a) any set-off, counterclaim, recoupment, defense or other right which such LC  Participant may have against the LC Bank, the Administrator, the Purchasers, the Purchaser  Agents, the Seller or any other Person for any reason whatsoever;  (b) the failure of the Seller or any other Person to comply with the conditions set forth  in this Agreement for the making of a purchase, reinvestments, requests for Letters of Credit or  otherwise, it being acknowledged that such conditions are not required for the making of  Participation Advances hereunder;  (c) any lack of validity or enforceability of any Letter of Credit or any set-off,  counterclaim, recoupment, defense or other right which Seller or any Originator on behalf of which  a Letter of Credit has been issued may have against the LC Bank, the Administrator, any Purchaser,  or any other Person for any reason whatsoever;  (d) any claim of breach of warranty that might be made by the Seller, the LC Bank or  any LC Participant against the beneficiary of a Letter of Credit, or the existence of any claim, set- off, defense or other right which the Seller, the LC Bank or any LC Participant may have at any  time against a beneficiary, any successor beneficiary or any transferee of any Letter of Credit or  the proceeds thereof (or any Persons for whom any such transferee may be acting), the LC Bank,  any LC Participant, the Purchasers or Purchaser Agents or any other Person, whether in connection  with this Agreement, the transactions contemplated herein or any unrelated transaction (including  any underlying transaction between the Seller or any Subsidiaries of the Seller or any Affiliates of  the Seller and the beneficiary for which any Letter of Credit was procured);  (e) the lack of power or authority of any signer of, or lack of validity, sufficiency,  accuracy, enforceability or genuineness of, any draft, demand, instrument, certificate or other  document presented under any Letter of Credit, or any such draft, demand, instrument, certificate  or other document proving to be forged, fraudulent, invalid, defective or insufficient in any respect  (other than any defect or insufficiency appearing on the face of such document) or any statement  therein being untrue or inaccurate in any respect, even if the Administrator or the LC Bank has  been notified thereof;  (f) payment by the LC Bank under any Letter of Credit against presentation of a  demand, draft or certificate or other document which does not comply with the terms of such Letter  of Credit other than as a result of the gross negligence or willful misconduct of the LC Bank;  (g) the solvency of, or any acts or omissions by, any beneficiary of any Letter of Credit,  or any other Person having a role in any transaction or obligation relating to a Letter of Credit, or  the existence, nature, quality, quantity, condition, value or other characteristic of any property or  services relating to a Letter of Credit;  (h) any failure by the LC Bank or any of the LC Bank’s Affiliates to issue any Letter  of Credit in the form requested by the Seller, unless the LC Bank has received written notice from  the Seller of such failure within three Business Days after the LC Bank shall have furnished the  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 21    Seller a copy of such Letter of Credit and such error is material and no drawing has been made  thereon prior to receipt of such notice;  (i) any Material Adverse Effect on the Seller, any Originator or any Affiliates thereof;  (j) any breach of this Agreement or any Transaction Document by any party thereto;  (k) the occurrence or continuance of an Insolvency Proceeding with respect to the  Seller, any Originator or any Affiliate thereof;  (l) the fact that a Termination Event or an Unmatured Termination Event shall have  occurred and be continuing;  (m) the fact that this Agreement or the obligations of Seller or Servicer hereunder shall  have been terminated; and  (n) any other circumstance or happening whatsoever, whether or not similar to any of  the foregoing.  Section 1.20 Letter of Credit Indemnity.    In addition to other amounts payable hereunder, the Seller hereby agrees to protect,  indemnify, pay and save harmless the Administrator, the LC Bank, each LC Participant and any  of the LC Bank’s Affiliates that have issued a Letter of Credit from and against any and all claims,  demands, liabilities, damages, taxes, penalties, interest, judgments, losses, costs, charges and  expenses (including Attorney Costs) which the Administrator, the LC Bank, any LC Participant or  any of their respective Affiliates may incur or be subject to as a consequence, direct or indirect, of  the issuance of any Letter of Credit, other than as a result of (a) the gross negligence or willful  misconduct of the party to be indemnified as determined by a final judgment of a court of  competent jurisdiction or (b) the wrongful dishonor by the LC Bank of a proper demand for  payment made under any Letter of Credit, except if such dishonor resulted from any act or  omission, whether rightful or wrongful, of any present or future de jure or de facto Governmental  Authority (all such acts or omissions herein called “Governmental Acts”).  Section 1.21 Liability for Acts and Omissions in Connection with Letters of Credit.   As between the Seller, on the one hand, and the Administrator, the LC Bank, the LC  Participants, the Purchasers and the Purchaser Agents, on the other, the Seller assumes all risks of  the acts and omissions of, or misuse of any Letter of Credit by, the respective beneficiaries of such  Letter of Credit. In furtherance and not in limitation of the respective foregoing, none of the  Administrator, the LC Bank, the LC Participants, the Purchasers or the Purchaser Agents shall be  responsible for:  (i) the form, validity, sufficiency, accuracy, genuineness or legal effect of any  document submitted by any party in connection with the application for an issuance of any such  Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient,  inaccurate, fraudulent or forged; (ii) the validity or sufficiency of any instrument transferring or  assigning or purporting to transfer or assign any such Letter of Credit or the rights or benefits  thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective  for any reason; (iii) the failure of the beneficiary of any such Letter of Credit, or any other party  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 22    to which such Letter of Credit may be transferred, to comply fully with any conditions required in  order to draw upon such Letter of Credit or any other claim of the Seller against any beneficiary  of such Letter of Credit, or any such transferee, or any dispute between or among the Seller and  any beneficiary of any Letter of Credit or any such transferee; (iv) errors, omissions, interruptions  or delays in transmission or delivery of any messages, by mail, e-mail, cable, telegraph, SWIFT,  telex or otherwise, whether or not they be in cipher; (v) errors in interpretation of technical terms;  (vi) any loss or delay in the transmission or otherwise of any document required in order to make  a drawing under any such Letter of Credit or of the proceeds thereof; (vii) the misapplication by  the beneficiary of any such Letter of Credit of the proceeds of any drawing under such Letter of  Credit; or (viii) any consequences arising from causes beyond the control of the Administrator, the  LC Bank, the LC Participants, the Purchasers and the Purchaser Agents, including any  Governmental Acts, and none of the above shall affect or impair, or prevent the vesting of, any of  the LC Bank’s rights or powers hereunder. Nothing in the preceding sentence shall relieve the LC  Bank from liability for its gross negligence or willful misconduct, as determined by a final non- appealable judgment of a court of competent jurisdiction, in connection with actions or omissions  described in such clauses (i) through (viii) of such sentence. In no event shall the Administrator,  the LC Bank, the LC Participants, the Purchasers or the Purchaser Agents or their respective  Affiliates, be liable to the Seller or any other Person for any indirect, consequential, incidental,  punitive, exemplary or special damages or expenses (including without limitation Attorney Costs),  or for any damages resulting from any change in the value of any property relating to a Letter of  Credit.  Without limiting the generality of the foregoing, the Administrator, the LC Bank, the LC  Participants, the Purchasers and the Purchaser Agents and each of its Affiliates (i) may rely on any  written communication believed in good faith by such Person to have been authorized or given by  or on behalf of the applicant for a Letter of Credit; (ii) may honor any presentation if the documents  presented appear on their face to comply with the terms and conditions of the relevant Letter of  Credit; (iii) may honor a previously dishonored presentation under a Letter of Credit, whether such  dishonor was pursuant to a court order, to settle or compromise any claim of wrongful dishonor,  or otherwise, and shall be entitled to reimbursement to the same extent as if such presentation had  initially been honored, together with any interest paid by the LC Bank or its Affiliates; (iv) may  honor any drawing that is payable upon presentation of a statement advising negotiation or  payment, upon receipt of such statement (even if such statement indicates that a draft or other  document is being delivered separately), and shall not be liable for any failure of any such draft or  other document to arrive, or to conform in any way with the relevant Letter of Credit; (v) may pay  any paying or negotiating bank claiming that it rightfully honored under the laws or practices of  the place where such bank is located; and (vi) may settle or adjust any claim or demand made on  the Administrator, the LC Bank, the LC Participants, the Purchasers or the Purchaser Agents or  their respective Affiliates, in any way related to any order issued at the applicant’s request to an  air carrier, a letter of guarantee or of indemnity issued to a carrier or any similar document (each  an “Order”) and may honor any drawing in connection with any Letter of Credit that is the subject  of such Order, notwithstanding that any drafts or other documents presented in connection with  such Letter of Credit fail to conform in any way with such Letter of Credit.  In furtherance and extension and not in limitation of the specific provisions set forth above,  any action taken or omitted by the LC Bank under or in connection with any Letter of Credit issued  by it or any documents and certificates delivered thereunder, if taken or omitted in good faith and  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 23    without gross negligence or willful misconduct, as determined by a final non-appealable judgment  of a court of competent jurisdiction, shall not put the LC Bank under any resulting liability to the  Seller, any LC Participant or any other Person.  Section 1.22 Extension of Termination Date. Provided that no Termination Event or  Unmatured Termination Event exists and is continuing, the Seller may request the extension of the  Facility Termination Date set forth in clause (a) of the definition for an additional three hundred  and sixty-four (364) days from the Facility Termination Date set forth in clause (a) of the definition  then in effect by providing written notice to the Administrator and each Purchaser Agent; provided  such request is made not more than 120 days prior to, and not less than 90 days prior to, the then  current Facility Termination Date scheduled to occur pursuant to clause (a) of the definition  thereof. In the event that the Purchasers are all agreeable to such extension, the Administrator shall  so notify the Seller in writing (it being understood that the Purchasers may accept or decline such  a request in their sole discretion and on such terms as they may elect) not less than 30 days prior  to the then current Facility Termination Date scheduled to occur pursuant to clause (a) of the  definition thereof and the Seller, the Servicer, the Administrator, the Purchaser Agents and the  Purchasers shall enter into such documents as the Purchasers may deem necessary or appropriate  to reflect such extension, and all reasonable costs and expenses incurred by the Purchasers, the  Administrator and the Purchaser Agents in connection therewith (including reasonable Attorney  Costs) shall be paid by the Seller. In the event any Purchaser declines the request for such  extension, such Purchaser (or the applicable Purchaser Agent on its behalf) shall so notify the  Administrator and the Administrator shall so notify the Seller of such determination; provided,  however, that the failure of the Administrator to notify the Seller of the determination to decline  such extension shall not affect the understanding and agreement that the applicable Purchasers  shall be deemed to have refused to grant the requested extension in the event the Administrator  fails to affirmatively notify the Seller, in writing, of their agreement to accept the requested  extension.  ARTICLE II    REPRESENTATIONS AND WARRANTIES; COVENANTS;  TERMINATION EVENTS  Section 2.1 Representations and Warranties; Covenants. Each of the Seller and the  Servicer hereby makes the representations and warranties, and hereby agrees to perform and  observe the covenants, applicable to it set forth in Exhibits III and IV, respectively.  Section 2.2 Termination Events. If any of the Termination Events set forth in Exhibit  V shall occur, the Administrator may (with the consent of the Majority Purchaser Agents) or shall  (at the direction of the Majority Purchaser Agents), by notice to the Seller, declare the Facility  Termination Date to have occurred (in which case the Facility Termination Date shall be deemed  to have occurred); provided that automatically upon the occurrence of any event (without any  requirement for the passage of time or the giving of notice) described in paragraph (f) of Exhibit V,  the Facility Termination Date shall occur.  Upon any such declaration, occurrence or deemed  occurrence of the Facility Termination Date, the Administrator, each Purchaser Agent and each  Purchaser shall have, in addition to the rights and remedies that they may have under this  Agreement, all other rights and remedies provided after default under the UCC and under other  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 24    applicable law, which rights and remedies shall be cumulative.  For the avoidance of doubt, while  the occurrence of a Termination Event shall result in the termination of Purchases under this  Agreement, in no event will the occurrence of a Termination Event be deemed to permit the  Administrator or the Purchaser Agents to demand prepayment, repurchase, defeasance or  redemption of the outstanding Capital.  ARTICLE III    INDEMNIFICATION  Section 3.1 Indemnities by the Seller. Without limiting any other rights any such  Person may have hereunder or under applicable law, the Seller hereby indemnifies and holds  harmless, on an after-tax basis, the Administrator, each Purchaser Agent, each Liquidity Provider,  each Program Support Provider and each Purchaser and their respective officers, directors, agents  and employees (each an “Indemnified Party”) from and against any and all damages, losses,  claims, liabilities, penalties, Taxes, costs and expenses (including Attorney Costs) (all of the  foregoing collectively, the “Indemnified Amounts”) at any time imposed on or incurred by any  Indemnified Party arising out of or otherwise relating to any Transaction Document, the  transactions contemplated thereby or the acquisition of any portion of the Purchased Interest, or  any action taken or omitted by any of the Indemnified Parties (including any action taken by the  Administrator as attorney-in-fact for the Seller or any Originator hereunder or under any other  Transaction Document), whether arising by reason of the acts to be performed by the Seller  hereunder or otherwise, excluding only Indemnified Amounts to the extent (a) a final judgment of  a court of competent jurisdiction holds that such Indemnified Amounts resulted from gross  negligence or willful misconduct of the Indemnified Party seeking indemnification, (b) due to the  credit risk of the Obligor and for which reimbursement would constitute recourse to any  Originator, the Seller or the Servicer for uncollectible Receivables or (c) such Indemnified  Amounts include Taxes imposed or based on, or measured by, the gross or net income or receipts  of such Indemnified Party by the jurisdiction under the laws of which such Indemnified Party is  organized (or any political subdivision thereof); provided, however, that nothing contained in this  sentence shall limit the liability of the Seller or the Servicer or limit the recourse of any  Indemnified Party to the Seller or the Servicer for any amounts otherwise specifically provided to  be paid by the Seller or the Servicer hereunder. Without limiting the foregoing indemnification,  but subject to the limitations set forth in clauses (a), (b) and (c) of the previous sentence, the Seller  shall indemnify each Indemnified Party for Amounts (including losses in respect of uncollectible  Receivables, regardless, for purposes of these specific matters, whether reimbursement therefor  would constitute recourse to the Seller or the Servicer) relating to or resulting from:  (i) any representation or warranty made by the Seller (or any employee or agent  of the Seller) under or in connection with this Agreement, any Information Package or any  other information or report delivered by or on behalf of the Seller pursuant hereto, which  shall have been false or incorrect in any respect when made or deemed made;  (ii) the failure by the Seller to comply with any applicable law, rule or  regulation related to any Receivable, or the nonconformity of any Receivable with any such  applicable law, rule or regulation;  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 25    (iii) the failure of the Seller to vest and maintain vested in the Administrator, for  the benefit of the Purchasers, a perfected ownership or security interest in the Purchased  Interest and the property conveyed hereunder, free and clear of any Adverse Claim;  (iv) any commingling of funds to which the Administrator, any Purchaser Agent  or any Purchaser is entitled hereunder with any other funds;  (v) any failure of a Lock-Box Bank to comply with the terms of the applicable  Lock-Box Agreement;  (vi) any dispute, claim, offset or defense (other than discharge in bankruptcy of  the Obligor) of the Obligor to the payment of any Receivable, or any other claim resulting  from the sale or lease of goods or the rendering of services related to such Receivable or  the furnishing or failure to furnish any such goods or services or other similar claim or  defense not arising from the financial inability of any Obligor to pay undisputed  indebtedness;  (vii) any failure of the Seller, to perform its duties or obligations in accordance  with the provisions of this Agreement or any other Transaction Document to which it is a  party;  (viii) any action taken by the Administrator as attorney-in-fact for the Seller or  any Originator pursuant to this Agreement or any other Transaction Document;  (ix) the use of proceeds of purchase or reinvestment or the issuance of any Letter  of Credit on behalf of Seller (and, if applicable, on behalf of, or for the account of, any  Originator); or  (x) any environmental liability claim, products liability claim or personal injury  or property damage suit or other similar or related claim or action of whatever sort, arising  out of or in connection with any Receivable or any other suit, claim or action of whatever  sort relating to any of the Transaction Documents.  Section 3.2 Indemnities by the Servicer. Without limiting any other rights that any  Indemnified Party may have hereunder or under applicable law, the Servicer hereby agrees to  indemnify each Indemnified Party from and against any and all Indemnified Amounts arising out  of or resulting from (whether directly or indirectly): (a) the failure of any information contained in  any Information Package to be true and correct on the date thereof (or, if such information is stated  therein to be as of a different date, on such different date), or the failure of any other information  provided to such Indemnified Party by, or on behalf of, the Servicer to be true and correct on the  date thereof (or, if such information is stated therein to be as of a different date, on such different  date), (b) the failure of any representation, warranty or statement made or deemed made by the  Servicer (or any of its officers) under or in connection with this Agreement or any other  Transaction Document to which it is a party to have been true and correct as of the date made or  deemed made in all respects when made, (c) the failure by the Servicer to comply with any  applicable law, rule or regulation with respect to any Pool Receivable or the related Contract, (d)  any dispute, claim, offset or defense of the Obligor to the payment of any Receivable in, or  purporting to be in, the Receivables Pool resulting from or related to the collection activities with  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 26    respect to such Receivable or (e) any failure of the Servicer to perform its duties or obligations in  accordance with the provisions hereof or any other Transaction Document to which it is a party,  excluding only Indemnified Amounts to the extent (a) a final judgment of a court of competent  jurisdiction holds that such Indemnified Amounts resulted from gross negligence or willful  misconduct of the Indemnified Party seeking indemnification or (b) due to the credit risk of the  Obligor and for which reimbursement would constitute recourse to any Originator, the Seller or  the Servicer for uncollectible Receivables.  ARTICLE IV    ADMINISTRATION AND COLLECTIONS  Section 4.1 Appointment of the Servicer.   (a) The servicing, administering and collection of the Pool Receivables shall be  conducted by the Person so designated from time to time as the Servicer in accordance with this  Section 4.1. Until the Administrator gives notice to Cooper Tire (in accordance with this Section  4.1) of the designation of a new Servicer, Cooper Tire is hereby designated as, and hereby agrees  to perform the duties and obligations of, the Servicer pursuant to the terms hereof. Upon the  occurrence of a Termination Event, the Administrator may (with the consent of the Majority  Purchaser Agents) or shall (at the direction of the Majority Purchaser Agents) designate as Servicer  any Person (including itself) to succeed Cooper Tire or any successor Servicer, on the condition  in each case that any such Person so designated shall agree to perform the duties and obligations  of the Servicer pursuant to the terms hereof.  (b) Upon the designation of a successor Servicer as set forth in clause (a) above, Cooper  Tire agrees that it will terminate its activities as Servicer hereunder in a manner that the  Administrator determines will facilitate the transition of the performance of such activities to the  new Servicer, and Cooper Tire shall cooperate with and assist such new Servicer. Such cooperation  shall include access to and transfer of related records (including all Contracts) and use by the new  Servicer of all licenses, hardware or software necessary or desirable to collect the Pool Receivables  and the Related Security.  (c) Cooper Tire acknowledges that, in making their decision to execute and deliver this  Agreement, the Administrator and each member in each Purchaser Group have relied on Cooper  Tire’s agreement to act as Servicer hereunder. Accordingly, Cooper Tire agrees that it will not  voluntarily resign as Servicer.  (d) The Servicer may delegate its duties and obligations hereunder to any subservicer  (each a “Sub-Servicer”); provided that, in each such delegation: (i) such Sub-Servicer shall agree  in writing to perform the duties and obligations of the Servicer pursuant to the terms hereof, (ii)  the Servicer shall remain liable for the performance of the duties and obligations so delegated, (iii)  the Seller, the Administrator and each Purchaser Group shall have the right to look solely to the  Servicer for performance, and (iv) the terms of any agreement with any Sub-Servicer shall provide  that the Administrator may terminate such agreement upon the termination of the Servicer  hereunder by giving notice of its desire to terminate such agreement to the Servicer (and the  Servicer shall provide appropriate notice to each such Sub-Servicer); provided, however, that if  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 27    any such delegation is to any Person other than an Originator or an Affiliate thereof, the  Administrator and the Majority Purchaser Agents shall have consented in writing in advance to  such delegation.  Section 4.2 Duties of the Servicer.   (a) The Servicer shall take or cause to be taken all such action as may be necessary or  advisable to administer and collect each Pool Receivable from time to time, all in accordance with  this Agreement and all applicable laws, rules and regulations, with reasonable care and diligence,  and in accordance with the Credit and Collection Policies. The Servicer shall set aside for the  accounts of the Seller and each Purchaser Group the amount of Collections to which each such  Purchaser Group is entitled in accordance with Article I hereof. The Servicer may correct errors  in Receivables and records of Receivables, including correcting to conform to applicable laws,  rules and regulations, and to the applicable Contract, and, in accordance with the applicable Credit  and Collection Policy, take such action, including modifications, waivers or restructurings of Pool  Receivables and the related Contracts, as the Servicer may reasonably determine to be appropriate  to maximize Collections thereof or reflect adjustments permitted under the Credit and Collection  Policy; provided, however, that: (i) corrections, modifications, waivers and restructurings shall not  alter the status of such Pool Receivable as a Delinquent Receivable or a Defaulted Receivable or  limit the rights of any Purchaser, Purchaser Agent or the Administrator under this Agreement and  (ii) if a Termination Event has occurred and is continuing and Cooper Tire or an Affiliate thereof  is serving as the Servicer, Cooper Tire or such Affiliate may make such extension or adjustment  only upon the prior approval of the Administrator. The Seller shall deliver to the Servicer and the  Servicer shall hold for the benefit of the Seller and the Administrator (individually and for the  benefit of each Purchaser Group, in accordance with their respective interests, all records and  documents (including computer tapes or disks) with respect to each Pool Receivable.  Notwithstanding anything to the contrary contained herein, the Administrator may direct the  Servicer (whether the Servicer is Cooper Tire or any other Person) to commence or settle any legal  action to enforce collection of any Pool Receivable or to foreclose upon or repossess any Related  Security.  (b) The Servicer shall, as soon as practicable following actual receipt of collected  funds, turn over to the Seller the collections of any amount that is not a Pool Receivable, less, if  Cooper Tire or an Affiliate thereof is not the Servicer, all reasonable and appropriate out-of-pocket  costs and expenses of such Servicer of servicing, collecting and administering such collections.  The Servicer, if other than Cooper Tire or an Affiliate thereof, shall, as soon as practicable upon  demand, deliver to the Seller all records in its possession that evidence or relate to any indebtedness  that is not a Pool Receivable, and copies of records in its possession that evidence or relate to any  indebtedness that is a Pool Receivable.  (c) The Servicer’s obligations hereunder shall terminate on the Final Payout Date.  After such termination, if Cooper Tire or an Affiliate thereof was not the Servicer on the date of  such termination, the Servicer shall promptly deliver to the Seller all books, records and related  materials that the Seller previously provided to the Servicer, or that have been obtained by the  Servicer, in connection with this Agreement.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 28    Section 4.3 Lock-Box Account Arrangements. Prior to the First Omnibus  Amendment Effective Date, the Seller shall have entered into Lock-Box Agreements with all of  the Lock-Box Banks and delivered executed counterparts of each to the Administrator. Upon the  occurrence of a Termination Event, the Administrator may (with the consent of the Majority  Purchaser Agents) or shall (upon the direction of the Majority Purchaser Agents) at any time  thereafter give notice to each Lock-Box Bank that the Administrator is exercising its rights under  the Lock-Box Agreements to do any or all of the following: (a) to have the exclusive ownership  and control of the Lock-Box Accounts transferred to the Administrator (for the benefit of the  Purchasers) and to exercise exclusive dominion and control over the funds deposited therein, (b)  to have the proceeds that are sent to the respective Lock-Box Accounts redirected pursuant to the  Administrator’s instructions rather than deposited in the applicable Lock-Box Account, and (c) to  take any or all other actions permitted under the applicable Lock-Box Agreement. The Seller  hereby agrees that if the Administrator at any time takes any action set forth in the preceding  sentence, the Administrator shall have exclusive control (for the benefit of the Purchasers) of the  proceeds (including Collections) of all Pool Receivables and the Seller hereby further agrees to  take any other action that the Administrator or any Purchaser Agent may reasonably request to  transfer such control. Any proceeds of Pool Receivables received by the Seller or the Servicer  thereafter shall be sent immediately to, or as otherwise instructed by, the Administrator. The parties  hereto hereby acknowledge that if at any time the Administrator takes control of any Lock-Box  Account, the Administrator shall not have any rights to the funds therein in excess of the unpaid  amounts due to the Administrator, any member of any Purchaser Group, any Indemnified Party or  Affected Person or any other Person hereunder, and the Administrator shall distribute or cause to  be distributed such funds in accordance with Section 4.2(b) and Article I (in each case as if such  funds were held by the Servicer thereunder).  Section 4.4 Enforcement Rights.   (a) At any time following the occurrence and during the continuation of a Termination  Event:  (i) the Administrator may direct the Obligors that payment of all amounts  payable under any Pool Receivable is to be made directly to the Administrator or its  designee (on behalf of the Purchasers),  (ii) the Administrator may instruct the Seller or the Servicer to give notice of  the Purchaser Groups’ interest in Pool Receivables to each Obligor, which notice shall  direct that payments be made directly to the Administrator or its designee (on behalf of  such Purchaser Groups), and the Seller or the Servicer, as the case may be, shall give such  notice at the expense of the Seller or the Servicer, as the case may be; provided that if the  Seller or the Servicer, as the case may be, fails to so notify each Obligor, the Administrator  (at the Seller’s or the Servicer’s, as the case may be, expense) may so notify the Obligors,  and  (iii) the Administrator may request the Servicer to, and upon such request the  Servicer shall: (A) assemble all of the records necessary or desirable to collect the Pool  Receivables and the Related Security, and transfer or license to a successor Servicer the  use of all software necessary or desirable to collect the Pool Receivables and the Related  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 29    Security, and make the same available to the Administrator or its designee (for the benefit  of the Purchasers) at a place selected by the Administrator, and (B) segregate all cash,  checks and other instruments received by it from time to time constituting Collections in a  manner acceptable to the Administrator and, promptly upon receipt, remit all such cash,  checks and instruments, duly endorsed or with duly executed instruments of transfer, to the  Administrator or its designee.  (b) The Seller hereby authorizes the Administrator (on behalf of each Purchaser  Group), and irrevocably appoints the Administrator as its attorney-in-fact with full power of  substitution and with full authority in the place and stead of the Seller, which appointment is  coupled with an interest, to take any and all steps in the name of the Seller and on behalf of the  Seller necessary or desirable, in the determination of the Administrator, after the occurrence and  continuance of a Termination Event, to collect any and all amounts or portions thereof due under  any and all Pool Assets, including endorsing the name of the Seller on checks and other instruments  representing Collections and enforcing such Pool Assets. Notwithstanding anything to the contrary  contained in this subsection, none of the powers conferred upon such attorney-in-fact pursuant to  the preceding sentence shall subject such attorney-in-fact to any liability if any action taken by it  shall prove to be inadequate or invalid, nor shall they confer any obligations upon such attorney- in-fact in any manner whatsoever.  Section 4.5 Responsibilities of the Seller.   (a) Anything herein to the contrary notwithstanding, the Seller shall: (i) perform all of  its obligations, if any, under the Contracts related to the Pool Receivables to the same extent as if  interests in such Pool Receivables had not been transferred hereunder, and the exercise by the  Administrator, the Purchaser Agents or the Purchasers of their respective rights hereunder shall  not relieve the Seller from such obligations, and (ii) pay when due any taxes, including any sales  taxes payable in connection with the Pool Receivables and their creation and satisfaction. None of  the Administrator, the Purchaser Agents or any of the Purchasers shall have any obligation or  liability with respect to any Pool Asset, nor shall any of them be obligated to perform any of the  obligations of the Seller, Servicer, Cooper Tire or the Originators thereunder.  (b) Cooper Tire hereby irrevocably agrees that if at any time it shall cease to be the  Servicer hereunder, it shall act (if the then-current Servicer so requests) as the data-processing  agent of the Servicer and, in such capacity, Cooper Tire shall conduct the data-processing functions  of the administration of the Receivables and the Collections thereon in substantially the same way  that Cooper Tire conducted such data-processing functions while it acted as the Servicer.  Section 4.6 Servicing Fee.   (a) Subject to clause (b), the Servicer shall be paid a fee (the “Servicing Fee”) equal to  1.00% per annum (the “Servicing Fee Rate”) of the aggregate Outstanding Balance of the Pool  Receivables as of the last day of each month. The Purchasers’ Share of such fee shall be paid  through the distributions contemplated by Section 1.4(d), and the Seller’s Share of such fee shall  be paid directly by the Seller.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 30    (b) If the Servicer ceases to be Cooper Tire or an Affiliate thereof, the servicing fee  shall be the greater of: (i) the amount calculated pursuant to clause (a), and (ii) an alternative  amount specified by the successor Servicer not to exceed 110% of the aggregate reasonable costs  and expenses incurred by such successor Servicer in connection with the performance of its  obligations as Servicer.  ARTICLE V    THE AGENTS  Section 5.1 Appointment and Authorization.   (a) Each Purchaser and Purchaser Agent hereby irrevocably designates and appoints  Wells Fargo Bank, National Association, as the “Administrator” hereunder and authorizes the  Administrator to take such actions and to exercise such powers as are delegated to the  Administrator hereby and to exercise such other powers as are reasonably incidental thereto. The  Administrator shall have no duties or responsibilities except those expressly set forth in this  Agreement or in the other Transaction Documents. The duties of the Administrator shall be  mechanical and administrative in nature. At no time shall the Administrator have any duty or  responsibility to any Person to investigate or confirm the correctness or accuracy of any  information or documents delivered to it in its role as Administrator hereunder or any obligation  in respect of the failure of any Person (other than the Administrator) to perform any obligation  hereunder or under any other Transaction Document. The Administrator shall not have, by reason  of this Agreement, a fiduciary relationship in respect of any Purchaser Agent, Purchaser, the Seller,  the Servicer or any Originator.  Nothing in this Agreement or any of the Transaction Documents,  express or implied, is intended to or shall be construed to impose upon the Administrator any  obligations in respect of this Agreement or any of the Transaction Documents except as expressly  set forth herein or therein. The Administrator shall not have any duty or responsibility, either  initially or on a continuing basis, to provide any Purchaser or Purchaser Agent with any credit or  other information with respect to the Seller, any Originator, Cooper Tire or their Affiliates, whether  coming into its possession before the First Omnibus Amendment Effective Date or at any time or  times thereafter.  (b) Each Purchaser hereby irrevocably designates and appoints the respective  institution identified as the Purchaser Agent for such Purchaser’s Purchaser Group on the signature  pages hereto or in the Assumption Agreement or Transfer Supplement pursuant to which such  Purchaser becomes a party hereto, and each authorizes such Purchaser Agent to take such action  on its behalf under the provisions of this Agreement and to exercise such powers and perform such  duties as are expressly delegated to such Purchaser Agent by the terms of this Agreement, if any,  together with such other powers as are reasonably incidental thereto. Notwithstanding any  provision to the contrary elsewhere in this Agreement, no Purchaser Agent shall have any duties  or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any  Purchaser or other Purchaser Agent or the Administrator, and no implied covenants, functions,  responsibilities, duties, obligations or liabilities on the part of such Purchaser Agent shall be read  into this Agreement or otherwise exist against such Purchaser Agent.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 31    (c) Except as otherwise specifically provided in this Agreement, the provisions of this  Article V are solely for the benefit of the Purchaser Agents, the Administrator and the Purchasers,  and none of the Seller or Servicer shall have any rights as a third-party beneficiary or otherwise  under any of the provisions of this Article V, except that this Article V shall not affect any  obligations which any Purchaser Agent, the Administrator or any Purchaser may have to the Seller  or the Servicer under the other provisions of this Agreement. Furthermore, no Purchaser shall have  any rights as a third-party beneficiary or otherwise under any of the provisions hereof in respect  of a Purchaser Agent which is not the Purchaser Agent for such Purchaser.  (d) In performing its functions and duties hereunder, the Administrator shall act solely  as the agent of the Purchasers and the Purchaser Agents and does not assume nor shall be deemed  to have assumed any obligation or relationship of trust or agency with or for the Seller or Servicer  or any of their successors and assigns. In performing its functions and duties hereunder, each  Purchaser Agent shall act solely as the agent of its respective Purchaser and does not assume nor  shall be deemed to have assumed any obligation or relationship of trust or agency with or for the  Seller, the Servicer, any other Purchaser, any other Purchaser Agent or the Administrator, or any  of their respective successors and assigns.  Section 5.2 Delegation of Duties. The Administrator may execute any of its duties  through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters  pertaining to such duties. The Administrator shall not be responsible for the negligence or  misconduct of any agents or attorneys-in-fact selected by it with reasonable care.  Section 5.3 Exculpatory Provisions. None of the Purchaser Agents, the  Administrator or any of their respective directors, officers, agents or employees shall be liable for  any action taken or omitted (i) with the consent or at the direction of the Majority Purchaser Agents  (or in the case of any Purchaser Agent, the Purchasers within its Purchaser Group that have a  majority of the aggregate Commitments of such Purchaser Group) or (ii) in the absence of such  Person’s gross negligence or willful misconduct. The Administrator shall not be responsible to any  Purchaser, Purchaser Agent or other Person for (i) any recitals, representations, warranties or other  statements made by the Seller, the Servicer, any Originator or any of their Affiliates, (ii) the value,  validity, effectiveness, genuineness, enforceability or sufficiency of any Transaction Document,  (iii) any failure of the Seller, the Servicer, any Originator or any of their Affiliates to perform any  obligation hereunder or under the other Transaction Documents to which it is a party (or under any  Contract), or (iv) the satisfaction of any condition specified in Exhibit II. The Administrator shall  not have any obligation to any Purchaser or Purchaser Agent to ascertain or inquire about the  observance or performance of any agreement contained in any Transaction Document or to inspect  the properties, books or records of the Seller, the Servicer, any Originator or any of their respective  Affiliates.  Section 5.4 Reliance by Agents.   (a) Each Purchaser Agent and the Administrator shall in all cases be entitled to rely,  and shall be fully protected in relying, upon any document or other writing or conversation  believed by it to be genuine and correct and to have been signed, sent or made by the proper Person  and upon advice and statements of legal counsel (including counsel to the Seller), independent  accountants and other experts selected by the Administrator. Each Purchaser Agent and the  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 32    Administrator shall in all cases be fully justified in failing or refusing to take any action under any  Transaction Document unless it shall first receive such advice or concurrence of the Majority  Purchaser Agents (or in the case of any Purchaser Agent, the Purchasers within its Purchaser Group  that have a majority of the aggregate Commitment of such Purchaser Group), and assurance of its  indemnification, as it deems appropriate.  (b) The Administrator shall in all cases be fully protected in acting, or in refraining  from acting, under this Agreement in accordance with a request of the Majority Purchaser Agents  or the Purchaser Agents, and such request and any action taken or failure to act pursuant thereto  shall be binding upon all Purchasers, the Administrator and Purchaser Agents.  (c) The Purchasers within each Purchaser Group with a majority of the Commitments  of such Purchaser Group shall be entitled to request or direct the related Purchaser Agent to take  action, or refrain from taking action, under this Agreement on behalf of all of the Purchasers within  such Purchaser Group. Such Purchaser Agent shall in all cases be fully protected in acting, or in  refraining from acting, under this Agreement in accordance with a request of the Majority  Purchaser Agents, and such request and any action taken or failure to act pursuant thereto shall be  binding upon all of such Purchaser Agent’s Purchasers.  (d) Unless otherwise advised in writing by a Purchaser Agent or by any Purchaser on  whose behalf such Purchaser Agent is purportedly acting, each party to this Agreement may  assume that (i) such Purchaser Agent is acting for the benefit of each of the Purchasers in respect  of which such Purchaser Agent is identified as being the “Purchaser Agent” in the definition of  “Purchaser Agent” hereto, as well as for the benefit of each assignee or other transferee from any  such Person, and (ii) each action taken by such Purchaser Agent has been duly authorized and  approved by all necessary action on the part of the Purchasers on whose behalf it is purportedly  acting. Each Purchaser Agent and its Purchaser(s) shall agree amongst themselves as to the  circumstances and procedures for removal, resignation and replacement of such Purchaser Agent.   Each Purchaser shall promptly notify the Seller, the Servicer and the Administrator in writing of  any removal, resignation or replacement of such Purchaser’s Purchaser Agent.  Section 5.5 Notice of Termination Events. Neither any Purchaser Agent nor the  Administrator shall be deemed to have knowledge or notice of the occurrence of any Termination  Event or Unmatured Termination Event unless the Administrator and the Purchaser Agents have  received notice from any Purchaser, the Servicer or the Seller stating that a Termination Event or  an Unmatured Termination Event has occurred hereunder and describing such Termination Event  or Unmatured Termination Event. In the event that the Administrator receives such a notice, it  shall promptly give notice thereof to each Purchaser Agent whereupon each such Purchaser Agent  shall promptly give notice thereof to its related Purchasers. In the event that a Purchaser Agent  receives such a notice (other than from the Administrator), it shall promptly give notice thereof to  the Administrator. The Administrator shall take such action concerning a Termination Event or an  Unmatured Termination Event as may be directed by the Majority Purchaser Agents (unless such  action otherwise requires the consent of all Purchasers or the LC Bank), but until the Administrator  receives such directions, the Administrator may (but shall not be obligated to) take such action, or  refrain from taking such action, as the Administrator deems advisable and in the best interests of  the Purchasers and the Purchaser Agents.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 33    Section 5.6 Non-Reliance on Administrator, Purchaser Agents and Other Purchasers.  Each Purchaser expressly acknowledges that none of the Administrator, the Purchaser Agents nor  any of their respective officers, directors, employees, agents, attorneys-in-fact or Affiliates has  made any representations or warranties to it and that no act by the Administrator, or any Purchaser  Agent hereafter taken, including any review of the affairs of the Seller, Cooper Tire, the Servicer  or any Originator, shall be deemed to constitute any representation or warranty by the  Administrator or such Purchaser Agent, as applicable. Each Purchaser represents and warrants to  the Administrator and the Purchaser Agents that, independently and without reliance upon the  Administrator, Purchaser Agents or any other Purchaser and based on such documents and  information as it has deemed appropriate, it has made and will continue to make its own appraisal  of an investigation into the business, operations, property, prospects, financial and other conditions  and creditworthiness of the Seller, Cooper Tire, the Servicer or the Originators, and the  Receivables and its own decision to enter into this Agreement and to take, or omit, action under  any Transaction Document. Except for items specifically required to be delivered hereunder, the  Administrator shall not have any duty or responsibility to provide any Purchaser Agent with any  information concerning the Seller, Cooper Tire, the Servicer or the Originators or any of their  Affiliates that comes into the possession of the Administrator or any of its officers, directors,  employees, agents, attorneys-in-fact or Affiliates.  Section 5.7 Administrator and Affiliates.  Each of the Purchasers, the Purchaser  Agents, LC Bank and the Administrator and any of their respective Affiliates may extend credit  to, accept deposits from and generally engage in any kind of banking, trust, debt, equity or other  business with the Seller, Cooper Tire, the Servicer or any Originator or any of their Affiliates.  With respect to the acquisition of undivided interests in the Pool Receivables pursuant to this  Agreement, each of the Purchaser Agents and the Administrator shall have the same rights and  powers under this Agreement as any Purchaser and may exercise the same as though it were not  such an agent, and the terms “Purchaser” and “Purchasers” shall include, to the extent applicable,  each of the Purchaser Agents, the LC Bank and the Administrator in their individual capacities.  Section 5.8 Indemnification. Each LC Participant and Related Committed Purchaser  shall indemnify and hold harmless the Administrator (but solely in its capacity as Administrator)  and the LC Bank (but solely in its capacity as LC Bank) and their respective officers, directors,  employees, representatives and agents (to the extent not reimbursed by the Seller, the Servicer or  any Originator and without limiting the obligation of the Seller, the Servicer, or any Originator to  do so), ratably (based on its Commitment) from and against any and all liabilities, obligations,  losses, damages, penalties, judgments, settlements, costs, expenses and disbursements of any kind  whatsoever (including in connection with any investigative or threatened proceeding, whether or  not the Administrator, the LC Bank or such Person shall be designated a party thereto) that may at  any time be imposed on, incurred by or asserted against the Administrator, the LC Bank or such  Person as a result of, or related to, any of the transactions contemplated by the Transaction  Documents or the execution, delivery or performance of the Transaction Documents or any other  document furnished in connection therewith (but excluding any such liabilities, obligations, losses,  damages, penalties, judgments, settlements, costs, expenses or disbursements resulting solely from  the gross negligence or willful misconduct of the Administrator, the LC Bank or such Person as  determined by a final non-appealable judgment of a court of competent jurisdiction). Without  limiting the generality of the foregoing, each LC Participant agrees to reimburse the Administrator  and the LC Bank, ratably according to its Pro Rata Shares, promptly upon demand, for any out-of- 

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 34    pocket expenses (including reasonable counsel fees) incurred by the Administrator or the LC Bank  in connection with the administration, modification, amendment or enforcement (whether through  negotiations, legal proceedings or otherwise) of, or legal advice in respect of, its rights and  responsibilities under this Agreement.  Section 5.9 Successor Administrator. The Administrator may, upon at least thirty  (30) days’ notice (unless a Termination Event exists, then upon ten (10 ) days’ notice) to the Seller,  each Purchaser and Purchaser Agent, resign as Administrator. Such resignation shall not become  effective until a successor Administrator is appointed by the Majority Purchaser Agents with the  consent of the Seller (provided that no such consent shall be unreasonably withheld or delayed,  and no such consent shall be required (a) if a Termination Event has occurred and is continuing or  (b) if the appointed successor is one of the existing Purchaser Agents) and such appointee has  accepted such appointment.  Upon such acceptance of its appointment as Administrator hereunder  by a successor Administrator, such successor Administrator shall succeed to and become vested  with all the rights and duties of the retiring Administrator, and the retiring Administrator shall be  discharged from its duties and obligations under the Transaction Documents.  After any retiring  Administrator’s resignation hereunder, the provisions of Sections 3.1 and 3.2 and this Article V  shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the  Administrator.  ARTICLE VI    MISCELLANEOUS  Section 6.1 Amendments, Etc. No amendment or waiver of any provision of this  Agreement or any other Transaction Document, or consent to any departure by the Seller or the  Servicer therefrom, shall be effective unless in a writing signed by the Administrator, the LC  Bank and Majority Purchaser Agents, and, in the case of any amendment, by the other parties  thereto; and then such amendment, waiver or consent shall be effective only in the specific  instance and for the specific purpose for which given; provided, however, that, to the extent  required by the securitization program of any Conduit Purchaser, no such material amendment  shall be effective until the Rating Agency Condition shall have been satisfied with respect  thereto (the Administrator hereby agrees to provide executed copies of any material amendment  to or waiver of any provision of this Agreement to the Rating Agencies); provided, further, that  no such amendment or waiver shall, without the consent of each affected Purchaser, (A) extend  the date of any payment or deposit of Collections by the Seller or the Servicer, (B) reduce the  rate or extend the time of payment of Discount, (C) reduce any fees payable to the  Administrator, any Purchaser Agent or any Purchaser pursuant to the applicable Purchaser  Group Fee Letter, (D) change the amount of Capital of any Purchaser, any Purchaser’s pro rata  share of the Purchased Interest or any Related Committed Purchaser’s or LC Participant’s  Commitment, (E) amend, modify or waive any provision of the definition of “Majority  Purchaser Agents” or this Section 6.1, (F) consent to or permit the assignment or transfer by the  Seller of any of its rights and obligations under this Agreement, (G) change the definition of  “Eligible Receivable,” “Loss Reserve,” “Loss Reserve Percentage,” “Dilution Reserve,”  “Dilution Reserve Percentage”, “Purchased Interest,” “Specifically Reserved Dilution Amount”  or “Termination Event”, or (H) amend or modify any defined term (or any defined term used  directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 35    that would circumvent the intention of the restrictions set forth in such clauses. No failure on  the part of the Purchasers, the Purchaser Agents, the LC Bank or the Administrator to exercise,  and no delay in exercising any right hereunder shall operate as a waiver thereof, nor shall any  single or partial exercise of any right hereunder preclude any other or further exercise thereof  or the exercise of any other right.  Section 6.2 Notices, Etc. All notices and other communications provided for  hereunder shall, unless otherwise stated herein, be in writing (including e-mail communication)  and shall be personally delivered or sent by e-mail, or by overnight mail, to the intended party at  the mailing address or e-mail address of such party set forth under its name on the signature pages  hereof (or in any other document or agreement pursuant to which it is or became a party hereto),  or at such other address or e-mail address as shall be designated by such party in a written notice  to the other parties hereto. All such notices and communications shall be effective (i) if delivered  by overnight mail, when received, and (ii) if transmitted by or e-mail, when sent, receipt confirmed  by telephone or electronic means.  To the fullest extent permitted by applicable law, a copy of a  signed counterpart shall have the same force and effect as an originally-signed counterpart.  Section 6.3 Successors and Assigns; Participations; Assignments.   (a) Successors and Assigns. This Agreement shall be binding upon and inure to the  benefit of the parties hereto and their respective successors and assigns. Except as otherwise  provided in Section 4.1(d), neither the Seller nor the Servicer may assign or transfer any of its  rights or delegate any of its duties hereunder or under any Transaction Document without the prior  consent of the Administrator, the LC Bank and each Purchaser Agent.  (b) Participations. Except as otherwise specifically provided herein, any Purchaser may  sell to one or more Persons (each a “Participant”) participating interests in the interests of such  Purchaser hereunder; provided, however, that no Purchaser shall grant any participation under  which the Participant shall have rights to approve any amendment to or waiver of this Agreement  or any other Transaction Document. Such Purchaser shall remain solely responsible for performing  its obligations hereunder, and the Seller, each Purchaser Agent and the Administrator shall  continue to deal solely and directly with such Purchaser in connection with such Purchaser’s rights  and obligations hereunder. A Purchaser shall not agree with a Participant to restrict such  Purchaser’s right to agree to any amendment hereto, except amendments that require the consent  of all Purchasers. Any such Participant shall not have any rights hereunder or under the Transaction  Documents. Each Related Committed Purchaser that sells a participation shall, acting solely for  this purpose as an agent of the Seller, maintain a register on which it enters the name and address  of each Participant and the principal amounts (and stated interest) of each Participant’s interest in  the Capital or other obligations under this Agreement (the “Participant Register”); provided that  no Related Committed Purchaser shall have any obligation to disclose all or any portion of the  Participant Register (including the identity of any Participant or any information relating to a  Participant’s interest in any Commitments, Capital, Letters of Credit or its other obligations under  any this Agreement) to any Person except to the extent that such disclosure is necessary to establish  that such Commitment, Capital, Letter of Credit or other obligation is in registered form under  Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant  Register shall be conclusive absent manifest error, and such Related Committed Purchaser shall  treat each Person whose name is recorded in the Participant Register as the owner of such  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 36    participation for all purposes of this Agreement notwithstanding any notice to the contrary. For  the avoidance of doubt, the Administrator (in its capacity as Administrator) shall have no  responsibility for maintaining a Participant Register.  (c) Assignments by Certain Related Committed Purchasers. Any Related Committed  Purchaser may assign to one or more Persons (each a “Purchasing Related Committed Purchaser”),  reasonably acceptable to the Administrator, the LC Bank and the related Purchaser Agent in its  sole discretion, any portion of its Commitment (which shall be inclusive of its Commitment as an  LC Participant) pursuant to a supplement hereto, substantially in the form of Annex D with any  changes as have been approved by the parties thereto (each, a “Transfer Supplement”), executed  by each such Purchasing Related Committed Purchaser, such selling Related Committed  Purchaser, such related Purchaser Agent and the Administrator and with the consent of the Seller  (provided, that no such consent shall be unreasonably withheld or delayed and that no such consent  shall be required if a Termination Event has occurred and is continuing). Any such assignment by  Related Committed Purchaser cannot be for an amount less than $10,000,000. Upon (i) the  execution of the Transfer Supplement, (ii) delivery of an executed copy thereof to the Seller, such  related Purchaser Agent and the Administrator and (iii) payment by the Purchasing Related  Committed Purchaser to the selling Related Committed Purchaser of the agreed purchase price, if  any, such selling Related Committed Purchaser shall be released from its obligations hereunder to  the extent of such assignment and such Purchasing Related Committed Purchaser shall for all  purposes be a Related Committed Purchaser party hereto and shall have all the rights and  obligations of a Related Committed Purchaser hereunder to the same extent as if it were an original  party hereto. The amount of the Commitment of the selling Related Committed Purchaser allocable  to such Purchasing Related Committed Purchaser shall be equal to the amount of the Commitment  of the selling Related Committed Purchaser transferred regardless of the purchase price, if any,  paid therefor. The Transfer Supplement shall be an amendment hereof only to the extent necessary  to reflect the addition of such Purchasing Related Committed Purchaser as a “Related Committed  Purchaser” and a related “LC Participant” and any resulting adjustment of the selling Related  Committed Purchaser’s Commitment.  (d) Assignments to Liquidity Providers and other Program Support Providers.  Any  Conduit Purchaser may at any time grant to one or more of its Liquidity Providers or other Program  Support Providers, participating interests in its portion of the Purchased Interest. In the event of  any such grant by such Conduit Purchaser of a participating interest to a Liquidity Provider or  other Program Support Provider, such Conduit Purchaser shall remain responsible for the  performance of its obligations hereunder. The Seller agrees that each Liquidity Provider and  Program Support Provider of any Conduit Purchaser hereunder shall be entitled to the benefits of  Section 1.7.   (e) Other Assignment by Conduit Purchasers.  Each party hereto agrees and consents  (i) to any Conduit Purchaser’s assignment, participation, grant of security interests in or other  transfers of any portion of, or any of its beneficial interest in, the Purchased Interest (or portion  thereof), including without limitation to any collateral agent in connection with its commercial  paper program and (ii) to the complete assignment by any Conduit Purchaser of all of its rights  and obligations hereunder to any other Person, and upon such assignment such Conduit Purchaser  shall be released from all obligations and duties, if any, hereunder; provided, however, that such  Conduit Purchaser may not, without the prior consent of its Related Committed Purchasers, make  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 37    any such transfer of its rights hereunder unless the assignee (i) is principally engaged in the  purchase of assets similar to the assets being purchased hereunder, (ii) has as its Purchaser Agent  the Purchaser Agent of the assigning Conduit Purchaser and (iii) issues commercial paper or other  Notes with credit ratings substantially comparable to the ratings of the assigning Conduit  Purchaser. Any assigning Conduit Purchaser shall deliver to any assignee a Transfer Supplement  with any changes as have been approved by the parties thereto, duly executed by such Conduit  Purchaser, assigning any portion of its interest in the Purchased Interest to its assignee. Such  Conduit Purchaser shall promptly (i) notify each of the other parties hereto of such assignment and  (ii) take all further action that the assignee reasonably requests in order to evidence the assignee’s  right, title and interest in such interest in the Purchased Interest and to enable the assignee to  exercise or enforce any rights of such Conduit Purchaser hereunder. Upon the assignment of any  portion of its interest in the Purchased Interest, the assignee shall have all of the rights hereunder  with respect to such interest (except that the Discount therefor shall thereafter accrue at the rate,  determined with respect to the assigning Conduit Purchaser unless the Seller, the related Purchaser  Agent and the assignee shall have agreed upon a different Discount).  (f) Certain Pledges.  Without limiting the right of any Purchaser to sell or grant  interests, security interests or participations to any Person as otherwise described in this  Section 6.3, (i) any Purchaser may at any time pledge or assign a security interest in all or any  portion of its rights under this Agreement to secure its obligations as a Purchaser hereunder,  including any pledge or assignment to secure obligations to a Federal Reserve Bank without notice  to or the consent of any Person; provided that no such pledge or assignment shall release such  Purchaser from any of its obligations hereunder or substitute any such pledgee or assignee for such  Purchaser as a party hereto and (ii) any Purchaser may at any time pledge or grant a security interest  in all or any portion of its rights under this Agreement to a security trustee in connection with the  funding by such Person of Purchases without notice to or the consent of any Person; provided that  no such pledge or assignment shall release such Purchaser from any of its obligations hereunder  or substitute any such pledgee or assignee for such Purchaser as a party hereto.  Section 6.4 Costs, Expenses and Taxes.   (a) By way of clarification, and not of limitation, of Sections 1.7 or 3.1, the Seller shall  pay to the Administrator, each Purchaser Agent and/or any Purchaser on demand all reasonable  out-of-pocket costs and expenses in connection with (i) the preparation, execution, delivery and  administration (including amendments or waivers of any provision) of this Agreement or the other  Transaction Documents, (ii) the sale of the Purchased Interest (or any portion thereof), (iii) the  perfection (and continuation) of the Administrator’s rights in the Receivables, Collections and  other Pool Assets, (iv) the enforcement by the Administrator, any Purchaser Agent or any member  of any Purchaser Group of the obligations of the Seller, the Servicer or the Originators under the  Transaction Documents or of any Obligor under a Receivable and (v) the maintenance by the  Administrator of the Lock-Box Accounts (and any related lock-box or post office box), including  Attorney’s Costs for the Administrator and the Purchaser Agents relating to any of the foregoing  or to advising the Administrator or any member of any Purchaser Group (including, any related  Liquidity Provider or any other related Program Support Provider) about its rights and remedies  under any Transaction Document or any other document, agreement or instrument related thereto  and all reasonable out-of-pocket costs and expenses (including Attorney’s Costs) of the  Administrator and any Purchaser Agent in connection with the enforcement or administration of  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 38    the Transaction Documents or any other document, agreement or instrument related thereto. The  Seller shall reimburse the Administrator and each Purchaser Agent for the reasonable cost of such  Person’s auditors (which may be employees of such Person) auditing the books, records and  procedures of the Seller or the Servicer. The Seller shall reimburse each Conduit Purchaser for any  amounts such Conduit Purchaser must pay to any related Liquidity Provider or other related  Program Support Provider pursuant to any Funding Agreement on account of any Tax. The Seller  shall reimburse each Conduit Purchaser on demand for all reasonable out-of-pocket costs and  expenses incurred by such Conduit Purchaser in connection with the Transaction Documents or  the transactions contemplated thereby.  (b) In addition, the Seller shall pay on demand any and all stamp and other taxes and  fees payable in connection with the execution, delivery, filing and recording of this Agreement or  the other documents or agreements to be delivered hereunder, and agrees to save each Indemnified  Party and Affected Person harmless from and against any liabilities with respect to or resulting  from any delay in paying or omission to pay such taxes and fees.  Section 6.5 No Proceedings; Limitation on Payments.    (a) Each of the Seller, Cooper Tire, the Servicer, the Administrator, the Purchaser  Agents, the Purchasers, each assignee of the Purchased Interest or any interest therein, and each  Person that enters into a commitment to purchase the Purchased Interest or interests therein, hereby  covenants and agrees that it will not institute against, or join any other Person in instituting against,  any Conduit Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation  proceeding, or other proceeding under any federal or state bankruptcy or similar law, for one year  and one day after the latest maturing Note issued by such Conduit Purchaser is paid in full. The  provisions of this paragraph shall survive any termination of this Agreement.  (b) Notwithstanding any provisions contained in this Agreement to the contrary, no  Conduit Purchaser shall or shall be obligated to, pay any amount, if any, payable by it pursuant to  this Agreement or any other Transaction Document unless (i) such Conduit Purchaser has received  funds which may be used to make such payment and which funds are not required to repay the  Notes when due and (ii) after giving effect to such payment, either (x) such Conduit Purchaser  could issue Notes to refinance all outstanding Notes (assuming such outstanding Notes matured at  such time) in accordance with the program documents governing such Conduit Purchaser’s  securitization program or (y) all Notes are paid in full. Any amount which such Conduit Purchaser  does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as  defined in §101 of the Bankruptcy Code) against or company obligation of such Conduit Purchaser  for any such insufficiency unless and until such Conduit Purchaser satisfies the provisions of  clauses (i) and (ii) above. The provisions of this paragraph shall survive any termination of this  Agreement.  Section 6.6 GOVERNING LAW AND JURISDICTION.   (a) THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACT MADE  UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK  (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL  OBLIGATIONS LAW OF THE STATE OF NEW YORK) EXCEPT TO THE EXTENT THAT  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 39    THE VALIDITY OR PERFECTION OF A SECURITY INTEREST OR REMEDIES  HEREUNDER, IN RESPECT OF ANY PARTICULAR COLLATERAL ARE GOVERNED BY  THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK.  (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS  AGREEMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR  OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK; AND, BY  EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF THE PARTIES HERETO  CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON- EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH OF THE PARTIES HERETO  IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT PERMITTED BY LAW, ANY  OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON  THE GROUNDS OF FORUM NON CONVENIENS, THAT IT MAY NOW OR HEREAFTER  HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION  IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT RELATED HERETO. EACH  OF THE PARTIES HERETO WAIVES PERSONAL SERVICE OF ANY SUMMONS,  COMPLAINT OR OTHER PROCESS, WHICH SERVICE MAY BE MADE BY ANY OTHER  MEANS PERMITTED BY NEW YORK LAW.  Section 6.7 Confidentiality.  Unless otherwise required by applicable law, each of  the Seller and the Servicer agrees to maintain the confidentiality of this Agreement and the other  Transaction Documents (and all drafts thereof) in communications with third parties and  otherwise; provided that this Agreement may be disclosed (a) to third parties to the extent such  disclosure is made pursuant to a written agreement of confidentiality in form and substance  reasonably satisfactory to the Administrator and each Purchaser Agent, (b) to the Seller’s and  Servicer’s legal counsel and auditors if they agree to hold it confidential and (c) as may be  necessary or desirable for financial reports, reports required by state and federal securities laws  and by any other law or in connection with any legal or regulatory proceeding. The Purchaser  Agents and the Purchasers agree to maintain the confidentiality of non-public financial and other  business and proprietary information regarding the Seller, the Servicer and the Originators;  provided that such information may be disclosed (i) to third parties to the extent such disclosure is  made pursuant to a written agreement of confidentiality in form and substance reasonably  satisfactory to the Servicer, (ii) to legal counsel and auditors of the Purchasers, the Purchaser  Agents or the Administrator if they agree to hold it confidential, (iii) to any nationally recognized  statistical rating organization or if applicable to the rating agencies rating the Notes of any Conduit  Purchaser, (iv) to any Program Support Provider or potential Program Support Provider (if they  agree to hold it confidential), (v) to any placement agency placing the Notes, (vi) to any regulatory  authorities having jurisdiction over the Administrator, the Purchaser Agents, any Purchaser, any  Program Support Provider or any Liquidity Provider, and (vii) with prompt notice to the Servicer  in advance if practicable and permitted by law, to others as otherwise required by law or in  connection with any legal or regulatory proceeding.  Section 6.8 Execution in Counterparts.  This Agreement may be executed in any  number of counterparts, each of which, when so executed, shall be deemed to be an original, and  all of which, when taken together, shall constitute one and the same agreement.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 40    Section 6.9 Survival of Termination.  The provisions of Sections 1.7, 1.8, 1.9, 1.10,  3.1, 3.2, 6.4, 6.5, 6.6, 6.7, 6.10 and 6.15 shall survive any termination of this Agreement.  Section 6.10 WAIVER OF JURY TRIAL.  EACH OF THE PARTIES HERETO  WAIVES THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR  CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS  AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY IN ANY ACTION,  PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE  PARTIES AGAINST ANY OTHER PARTY OR PARTIES, WHETHER WITH RESPECT TO  CONTRACT CLAIMS, TORT CLAIMS OR OTHERWISE. EACH OF THE PARTIES  HERETO AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED  BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, EACH  OF THE PARTIES HERETO FURTHER AGREES THAT ITS RESPECTIVE RIGHT TO A  TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION,  COUNTERCLAIM OR OTHER PROCEEDING THAT SEEKS, IN WHOLE OR IN PART, TO  CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR ANY  PROVISION HEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT  AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS  AGREEMENT.  Section 6.11 Sharing of Recoveries.  Each Purchaser agrees that if it receives any  recovery, through set-off, judicial action or otherwise, on any amount payable or recoverable  hereunder in a greater proportion than should have been received hereunder or otherwise  inconsistent with the provisions hereof, then the recipient of such recovery shall purchase for cash  an interest in amounts owing to the other Purchasers (as return of Capital or otherwise), without  representation or warranty except for the representation and warranty that such interest is being  sold by each such other Purchaser free and clear of any Adverse Claim created or granted by such  other Purchaser, in the amount necessary to create proportional participation by the Purchaser in  such recovery. If all or any portion of such amount is thereafter recovered from the recipient, such  purchase shall be rescinded and the purchase price restored to the extent of such recovery, but  without interest.  Section 6.12 Right of Setoff.  Each Purchaser is hereby authorized (in addition to any  other rights it may have), at any time during the continuance of a Termination Event,  to setoff,  appropriate and apply (without presentment, demand, protest or other notice which are hereby  expressly waived) any deposits and any other indebtedness held or owing by such Purchaser  (including by any branches or agencies of such Purchaser) to, or for the account of, the Seller  against amounts owing by the Seller hereunder (even if contingent or unmatured); provided that  such Purchaser shall notify the Seller promptly following such setoff.  Section 6.13 Entire Agreement.  This Agreement and the other Transaction  Documents embody the entire agreement and understanding between the parties hereto and  supersede all prior or contemporaneous agreements and understandings of such Persons, verbal or  written, relating to the subject matter hereof and thereof.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 41    Section 6.14 Headings.  The captions and headings of this Agreement and any Exhibit,  Schedule or Annex hereto are for convenience of reference only and shall not affect the  interpretation hereof or thereof.  Section 6.15 Purchaser Groups’ Liabilities.  The obligations of each Purchaser Agent  and each Purchaser under the Transaction Documents are solely the corporate obligations of such  Person. Except with respect to any claim arising out of the willful misconduct or gross negligence  of the Administrator, any Purchaser Agent or any Purchaser, no claim may be made by the Seller  or the Servicer or any other Person against the Administrator, any Purchaser Agent or any  Purchaser or their respective Affiliates, directors, officers, employees, attorneys or agents for any  special, indirect, consequential or punitive damages in respect of any claim for breach of contract  or any other theory of liability arising out of or related to the transactions contemplated by this  Agreement or any other Transaction Document, or any act, omission or event occurring in  connection therewith; and each of Seller and Servicer hereby waives, releases, and agrees not to  sue upon any claim for any such damages, whether or not accrued and whether or not known or  suspected to exist in its favor.  Section 6.16 USA Patriot Act.  Each of the Administrator and each of the Purchasers  hereby notifies the Seller and the Servicer that pursuant to the requirements of the USA PATRIOT  Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001) (the “PATRIOT Act”), the  Administrator and the Purchasers may be required to obtain, verify and record information that  identifies the Seller, the Servicer and Cooper Tire, which information includes the name, address,  tax identification number and other information regarding the Seller, the Servicer and Cooper Tire  that will allow the Administrator and the Purchasers to identify the Seller, the Servicer and Cooper  Tire in accordance with the PATRIOT Act. This notice is given in accordance with the  requirements of the PATRIOT Act. Each of the Seller and the Servicer agrees to provide the  Administrator and the Purchasers, from time to time, with all documentation and other information  required by bank regulatory authorities under “know your customer” and anti-money laundering  rules and regulations, including, without limitation, the PATRIOT Act.  Section 6.17 Qualified Financial Contracts.   (a) As used in this Section 6.17, the following terms have the following  meanings: (i)  “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted  in accordance with, 12 U.S.C. 1841(k)) of such party; (ii) “Covered Entity” means any of the  following: (A) a “covered entity” as that term is defined in, and interpreted in accordance with, 12  C.F.R. §252.82(b); (B) a “covered bank” as that term is defined in, and interpreted in accordance  with, 12 C.F.R. § 47.3(b); or (C) a “covered FSI” as that term is defined in, and interpreted in  accordance with, 12 C.F.R. § 382.2(b); (iii) “Default Right” has the meaning assigned to that term  in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable;  and  (iv) “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall  be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).   (b) To the extent that the Transaction Documents provide support, through a guarantee  or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such  support, “QFC Credit Support,” and each such QFC a “Supported QFC”), the parties acknowledge  and agree as follows with respect to the resolution power of the Federal Deposit Insurance  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx 42    Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street  Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the  “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support  (with the provisions below applicable notwithstanding that the Transaction Documents and any  Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or  of the United States or any other state of the United States):   In the event that a  Covered Entity  that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under  a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such  QFC Credit Support (and  any interest and obligation in or under such Supported QFC and such  QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit  Support) from such Covered Party will be effective to the same extent as the transfer would be  effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit  Support (and any such interest, obligation and rights in property) were governed by the laws of the  United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate  of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,  Default Rights under the Transaction Documents that might otherwise apply to such Supported  QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted  to be exercised to no greater extent than such Default Rights could be exercised under the U.S.  Special Resolution Regime if the Supported QFC and the Transaction Documents were governed  by the laws of the United States or a state of the United States. Without limitation of the foregoing,  it is understood and agreed that rights and remedies of the parties with respect to a Purchaser that  defaults in its funding obligations under this Agreement shall in no event affect the rights of any  Covered Party with respect to a Supported QFC or any QFC Credit Support.    [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]    

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxS-1    IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their  respective officers thereunto duly authorized, as of the date first above written.  COOPER RECEIVABLES LLC, as Seller      By:   Name:   Title:     Address: Cooper Receivables LLC  c/o Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Fax: (419) 424-7320  Email: Cooper_Legal@coopertire.com     With a copy to:    Cooper Receivables LLC  c/o Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Fax: (419) 429-6785  Email: Treasury@coopertire.com            

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxS-2    COOPER TIRE & RUBBER COMPANY, as Servicer      By:   Name:   Title:     Address: Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Fax: (419) 424-7320  Email: Cooper_Legal@coopertire.com     With a copy to:    Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Fax: (419) 429-6785  Email: Treasury@coopertire.com       

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxS-3    WELLS FARGO BANK, NATIONAL ASSOCIATION, as LC  Bank and as Administrator        By:   Name:  Title:       Address:    Wells Fargo Bank National Association  1100 Abernathy Road NE  Suite 1600  Atlanta, GA 30328  Attn: William P. Rutkowski  Office:  +1 (770) 508-2180  Cell:     +1 (404) 825-0394  Fax:      n/a  Email: william.rutkowski@wellsfargo.com;  WFCFReceivablesSecuritizationAtlanta@wellsfargo.com      

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxS-4    THE PURCHASER GROUPS:    WELLS FARGO BANK, NATIONAL ASSOCIATION, as  Purchaser Agent, LC Participant and Related Committed Purchaser      By:   Name:   Title:     Address:    Wells Fargo Bank National Association  1100 Abernathy Road NE  Suite 1600  Atlanta, GA 30328  Attn: William P. Rutkowski  Office:  +1 (770) 508-2180  Cell:     +1 (404) 825-0394  Fax:      n/a  Email: william.rutkowski@wellsfargo.com;  WFCFReceivablesSecuritizationAtlanta@wellsfargo.com      

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-1    EXHIBIT I  DEFINITIONS      As used in this Agreement (including its Exhibits, Schedules and Annexes), the following terms  shall have the following meanings (such meanings to be equally applicable to both the singular and plural  forms of the terms defined). Unless otherwise indicated, all Section, Annex, Exhibit and Schedule  references in this Exhibit are to Sections of and Annexes, Exhibits and Schedules to this Agreement.  “Adjusted Canadian Dollar Receivables Balance” means as of any date of determination, the U.S.  Dollar Equivalent of the aggregate Outstanding Balance of Receivables payable in Canadian Dollars.  “Adjusted LC Participation Amount” means, at any time, the greater of (i) the LC Participation  Amount less the amount of cash collateral held in the LC Collateral Account at such time and (ii) zero  dollars ($0).  “Adjusted Net Receivables Pool Balance” means the Net Receivables Pool Balance minus (i) the  Specifically Reserved Dilution Amount and (ii) the Canadian Currency Volatility Reserve.  “Administrator” has the meaning set forth in the preamble to this Agreement.  “Adverse Claim” means a lien, security interest or other charge or encumbrance, or any other type  of preferential arrangement; it being understood that any thereof in favor of the Administrator (for the  benefit of the Purchasers) shall not constitute an Adverse Claim.  “Affected Person” has the meaning set forth in Section 1.7 of this Agreement.  “Affiliate” means, as to any Person: (a) any Person that, directly or indirectly, is in control of, is  controlled by or is under common control with such Person, or (b) who is a director or officer: (i) of such  Person or (ii) of any Person described in clause (a), except that, in the case of each Conduit Purchaser,  Affiliate shall mean the holder of its capital stock or membership interest, as the case may be.  For purposes  of this definition, control of a Person shall mean the power, direct or indirect: (x) to vote 25% or more of  the securities having ordinary voting power for the election of directors of such Person, or (y) to direct or  cause the direction of the management and policies of such Person, in either case whether by ownership  of securities, contract, proxy or otherwise.  “Aggregate Capital” means, at any time, the aggregate outstanding Capital of all Purchasers at  such time.  “Aggregate Discount” at any time, means the sum of the aggregate for each Purchaser of the  accrued and unpaid Discount with respect to each such Purchaser’s Capital at such time.  “Agreement” has the meaning set forth in the preamble hereto.  “Alternate Rate” for any Yield Period for any Portion of Capital funded by any Purchaser other  than through the issuance of Notes, means an interest rate per annum equal to either:  (a) with respect to  any day during such Yield Period, LMIR for such day, (b) if LMIR is unavailable pursuant to Section  1.11.1, the Base Rate for such Yield Period, or (c) if Benchmark Replacement Event occurs, the  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-2    Benchmark Replacement Rate specified in the amendment to this Agreement entered into pursuant to  Section 1.11.2; provided that (i) in no event shall the Alternate Rate be less than 0% per annum, and (ii)  the “Alternate Rate” for any day while a Termination Event exists shall be an interest rate equal to the  greater of (A) 2.0% per annum above the Base Rate in effect on such day and (B) the “Alternate Rate” as  calculated in clause (a), (b) or (c), as applicable, above.  “Anti-Terrorism Laws” means any Applicable Law relating to terrorism, trade sanctions programs  and embargoes, import/export licensing, money laundering or bribery, and any regulation, order, or  directive promulgated, issued or enforced pursuant to such Applicable Laws, all as amended,  supplemented or replaced from time to time.  “Applicable Law” means, with respect to any Person, (x) all provisions of law, statute, treaty,  constitution, ordinance, rule, regulation, requirement, restriction, permit, executive order, certificate,  decision, directive or order of any Governmental Authority applicable to such Person or any of its property  and (y) all judgments, injunctions, orders, writs, decrees and awards of all courts and arbitrators in  proceedings or actions in which such Person is a party or by which any of its property is bound.  “Assumption Agreement” means an agreement substantially in the form set forth in Annex C to  this Agreement.  “Attorney Costs” means and includes all reasonable and documented fees and disbursements of  any law firm or other external counsel.  “Bankruptcy Code” means the United States Bankruptcy Reform Act of 1978 (11 U.S.C. § 101, et  seq.), as amended from time to time.  “Base Rate” means, with respect to any Purchaser, for any day, a fluctuating interest rate per  annum as shall be in effect from time to time, which rate shall be at all times equal to the higher of:  (a)  the rate of interest in effect for such day as publicly announced from time to time  by the Administrator or its Affiliate as its “reference rate” or “prime rate”, as applicable.  Such  “reference rate” or “prime rate” is set by the Administrator or Affiliate based upon various factors,  including the Administrator’s costs and desired return, general economic conditions and other  factors, and is used as a reference point for pricing some loans, which may be priced at, above or  below such announced rate, and is not necessarily the lowest rate charged to any customer, and  (b) 0.50% per annum above the latest Federal Funds Rate.  “Benchmark Replacement” means the sum of: (a) the alternate benchmark rate (which may  include Term SOFR) that has been selected by the Administrator and the Seller giving due consideration  to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a  rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for  determining a rate of interest as a replacement to LIBOR for U.S. dollar-denominated syndicated credit  facilities and (b) the Benchmark Replacement Adjustment; provided that if the Benchmark Replacement  as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the  purposes of this Agreement.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-3    “Benchmark Replacement Adjustment” means, with respect to any replacement of LIBOR with  an Unadjusted Benchmark Replacement for each applicable Yield Period, the spread adjustment, or  method for calculating or determining such spread adjustment, (which may be a positive or negative  value or zero) that has been selected by the Administrator and the Seller giving due consideration to (i)  any selection or recommendation of a spread adjustment, or method for calculating or determining such  spread adjustment, for the replacement of LIBOR with the applicable Unadjusted Benchmark  Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market  convention for determining a spread adjustment, or method for calculating or determining such spread  adjustment, for the replacement of LIBOR with the applicable Unadjusted Benchmark Replacement for  U.S. dollar- denominated syndicated credit facilities at such time.  “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark  Replacement, any technical, administrative or operational changes (including changes to the definition  of  “Yield Period,” timing and frequency of determining rates and making payments of interest and other  administrative matters) that the Administrator decides may be appropriate to reflect the adoption and  implementation of such Benchmark Replacement and to permit the administration thereof by the  Administrator in a manner substantially consistent with market practice (or, if the Administrator decides  that adoption of any portion of such market practice is not administratively feasible or if the  Administrator determines that no market practice for the administration of the Benchmark Replacement  exists, in such other manner of administration as the Administrator decides is reasonably necessary in  connection with the administration of this Agreement).  “Benchmark Replacement Date” means the earlier to occur of the following events with respect  to LIBOR:  (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later  of (a) the date of the public statement or publication of information referenced therein and  (b) the date on which the Administrator of LIBOR permanently or indefinitely ceases to  provide LIBOR; or  (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the  public statement or publication of information referenced therein.  “Benchmark Transition Event” means the occurrence of one or more of the following events with  respect to LIBOR:  (1) a public statement or publication of information by or on behalf of the Administrator of  LIBOR announcing that such Administrator has ceased or will cease to provide LIBOR,  permanently or indefinitely, provided that, at the time of such statement or publication, there  is no successor Administrator that will continue to provide LIBOR;  (2) a public statement or publication of information by the regulatory supervisor for the  Administrator of LIBOR, the U.S. Federal Reserve System, an insolvency official with  jurisdiction over the Administrator for LIBOR, a resolution authority with jurisdiction over  the Administrator for LIBOR or a court or an entity with similar insolvency or resolution  authority over the Administrator for LIBOR, which states that the Administrator of LIBOR  has ceased or will cease to provide LIBOR permanently or indefinitely, provided that, at the  time of such statement or publication, there is no successor Administrator that will continue  to provide LIBOR; or  (3) a public statement or publication of information by the regulatory supervisor for the  Administrator of LIBOR announcing that LIBOR is no longer representative.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-4    “Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition Event, the  earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is  a public statement or publication of information of a prospective event, the 90th day prior to the expected  date of such event as of such public statement or publication of information (or if the expected date of  such prospective event is fewer than 90 days after such statement or publication, the date of such  statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the  Administrator or the Required Purchaser Agents, as applicable, by notice to the  Seller, the Administrator  (in the case of such notice by the Required Purchase Agents) and the Purchasers.  “Benchmark Unavailability Period” means, if a Benchmark Transition Event and its related  Benchmark Replacement Date have occurred with respect to LIBOR and solely to the extent that LIBOR   has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that such  Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced  LIBOR for all purposes hereunder in accordance with the Section 1.11.2, and (y) ending at the time that  a Benchmark Replacement has replaced LIBOR for all purposes hereunder pursuant to Section 1.11.2.  “Beneficial Ownership Rule” means 31 C.F.R. § 1010.230.  “Benefit Plan” means any employee benefit pension plan as defined in Section 3(2) of ERISA in  respect of which the Seller, any Originator, Cooper Tire or any ERISA Affiliate is, or at any time during  the immediately preceding six years was, an “employer” as defined in Section 3(5) of ERISA.  “Business Day” means any day (other than a Saturday or Sunday) on which: (a) banks are not  authorized or required to close in Pittsburgh, Pennsylvania, or New York City, New York, and (b) if this  definition of “Business Day” is utilized in connection with the Euro-Rate or LMIR, dealings are carried  out in the London interbank market.  “CAD Lock-Box Account” means that certain account maintained by a Lock-Box Bank, which is  subject to a Lock-Box Agreement for the purpose of receiving Collections in Canadian Dollars.  “Canadian Currency Volatility Reserve” means the value at risk percentage calculated by Wells  Fargo from time to time, and which shall initially be 8.50%, multiplied by an amount equal to the Adjusted  Canadian Dollar Receivables Balance.  “Canadian Dollars” means the lawful currency of Canada.  “Capital” means, with respect to any Purchaser, without duplication, the aggregate amounts (i)  paid to, or on behalf of, the Seller in connection with all Funded Purchases made by such Purchaser  pursuant to Section 1.2(b) of this Agreement, (ii) paid by such Purchaser, as an LC Participant, to the LC  Bank in respect of a Participation Advance made by such Purchaser to LC Bank pursuant to Section 1.15  and (iii) with respect to the Purchaser that is the LC Bank, paid by the LC Bank with respect to all drawings  under a Letter of Credit to the extent such drawings have not been reimbursed by the Seller or funded by  Participation Advances, in each case, as reduced from time to time by Collections distributed to such  Purchaser (or its Purchaser Agent on its behalf) and applied on account of such Capital pursuant to Section  1.4(d) of this Agreement; provided that if such Capital shall have been reduced by any distribution and  thereafter all or a portion of such distribution is rescinded or must otherwise be returned for any reason,  such Capital shall be increased by the amount of such rescinded or returned distribution as though it had  not been made.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-5    “Change in Control” means that Cooper Tire ceases to own, directly or indirectly, (a) 100% of the  membership interests of the Seller free and clear of all Adverse Claims or (b) 100% of the voting stock of  any other Originator.  “Change in Law” means the occurrence, after the First Omnibus Amendment Effective Date, of  any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change  in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application  thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or  directive (whether or not having the force of law) by any Governmental Authority; provided that  notwithstanding anything herein to the contrary, (w) the final rule titled Risk-Based Capital Guidelines;  Capital Adequacy Guidelines; Capital Maintenance: Regulatory Capital; Impact of Modifications to  Generally Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs;  and Other Related Issues, adopted by the United States bank regulatory agencies on December 15, 2009,  (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines  or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or  directives promulgated by the Bank for International Settlements, the Basel Committee on Banking  Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities,  in each case pursuant to the agreements reached by the Basel Committee on Banking Supervision in “Basel  III: A Global Regulatory Framework for More Resilient Banks and Banking Systems” (as amended,  supplemented or otherwise modified or replaced from time to time), shall in each case be deemed to be a  “Change in Law”, regardless of the date enacted, adopted or issued.  “Collections” means, with respect to any Pool Receivable: (a) all funds that are received by any  Originator, Cooper Tire, the Seller or the Servicer in payment of any amounts owed in respect of such  Receivable (including purchase price, finance charges, interest and all other charges), or applied to  amounts owed in respect of such Receivable (including insurance payments and net proceeds of the sale  or other disposition of repossessed goods or other collateral or property of the related Obligor or any other  Person directly or indirectly liable for the payment of such Pool Receivable and available to be applied  thereon), (b) all Deemed Collections and (c) all other proceeds of such Pool Receivable.  “Commitment” means, with respect to any Related Committed Purchaser, LC Participant or LC  Bank, as applicable, the maximum aggregate amount which such Purchaser is obligated to pay hereunder  on account of all Funded Purchases and all drawings under all Letters of Credit, on a combined basis, as  set forth on Schedule V to this Agreement or in the Assumption Agreement or other agreement pursuant  to which it became a Purchaser, as such amount may be modified in connection with any subsequent  assignment pursuant to Section 6.3(c) or in connection with a change in the Purchase Limit pursuant to  Section 1.1(b) or Section 1.1(c). If the context so requires, “Commitment” also refers to a Purchaser’s  obligation to make Purchases, make Participation Advances and/or issue Letters of Credit hereunder.  “Commitment Percentage” means, for each Related Committed Purchaser or related LC  Participant in a Purchaser Group, the Commitment of such Related Committed Purchaser or related LC  Participant, as the case may be, divided by the total of all Commitments of all Related Committed  Purchasers or related LC Participants, as the case may be, in such Purchaser Group.  “Company Note” has the meaning set forth in Section 3.1 of the Sale Agreement.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-6    “Concentration Percentage” means, at any time: (a) for any Group A Obligor and its Consolidated  Affiliates, considered as if they were one and the same Obligor, 20.0%, (b) for any Group B Obligor and  its Consolidated Affiliates, considered as if they were one and the same Obligor, 20.0%, (c) for any Group  C Obligor and its Consolidated Affiliates, considered as if they were one and the same Obligor, 13.3%  and (d) for any Group D Obligor and its Consolidated Affiliates, considered as if they were one and the  same Obligor, 8.0%; provided, however, that the Administrator (with the prior written consent of the  Majority Purchaser Agents) may (to the extent the Rating Agency Condition has been satisfied with  respect thereto if required by the securitization program of any Conduit Purchaser) approve higher  Concentration Percentages for selected Obligors and their Consolidated Affiliates.  “Concentration Reserve” means at any time, the product of (a) the sum of (i) the Aggregate Capital  plus (ii) the Adjusted LC Participation Amount, multiplied by (b)(i) the Concentration Reserve Percentage  divided by (ii) 1, minus the Concentration Reserve Percentage.  “Concentration Reserve Percentage” means, at any time, the (a) largest of the following:  (i) the  sum of the five (5) largest Group D Obligor Receivables balances (up to the Concentration Percentage for  each Obligor), (ii) the sum of the three (3) largest Group C Obligor Receivables balances (up to the  Concentration Percentage for each Obligor), (iii) the sum of the two (2) largest Group B Obligor  Receivables balances (up to the Concentration Percentage for each Obligor), and (iv) the largest Group A  Obligor Receivables balance (up to the Concentration Percentage for such Obligor and its Consolidated  Affiliates, considered as if they were one and the same Obligor), divided by (b) the sum of the outstanding  balances of all Eligible Receivables.  “Conduit Purchasers” means each commercial paper conduit that is a party to this Agreement, as  a purchaser, or that becomes a party to this Agreement, as a purchaser pursuant to an Assumption  Agreement or otherwise.  “Consolidated Affiliate” means, with respect to any Obligor, any other Person with which such  Obligor’s financial results are consolidated in financial statements prepared in accordance with generally  accepted accounting principles or international financial reporting standards, as applicable.  “Contract” means, with respect to any Receivable, any and all contracts, instruments, agreements,  leases, invoices, notes or other writings pursuant to which such Receivable arises or that evidence such  Receivable or under which an Obligor becomes or is obligated to make payment in respect of such  Receivable.  “Cooper Tire” has the meaning set forth in the preamble to this Agreement.  “Cooper Tire’s Credit Agreement” means that certain Credit Agreement, dated as of June 27, 2019,  by and among Cooper Tire, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A.,  as Administrative Agent, as the same may be amended, replaced, restated or otherwise modified from  time to time.  “Covered Entity” shall mean (a) each of Seller, Servicer, each Originator and each of Cooper Tire’s  Subsidiaries and (b) each Person that, directly or indirectly, is in control of a Person described in clause  (a) above.  For purposes of this definition, control of a Person shall mean the direct or indirect (x)  ownership of, or power to vote, 25% or more of the issued and outstanding equity interests having ordinary  voting power for the election of directors of such Person or other Persons performing similar functions for  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-7    such Person, or (y) power to direct or cause the direction of the management and policies of such Person  whether by ownership of equity interests, contract or otherwise.  “CP Rate” means, for any Conduit Purchaser and for any Yield Period for any Portion of Capital  (a) the per annum rate equivalent to the weighted average cost (as determined by the applicable Purchaser  Agent and which shall include commissions of placement agents and dealers, incremental carrying costs  incurred with respect to Notes of such Person maturing on dates other than those on which corresponding  funds are received by such Conduit Purchaser, other borrowings by such Conduit Purchaser (other than  under any Program Support Agreement) and any other costs associated with the issuance of Notes) of or  related to the issuance of Notes that are allocated, in whole or in part, by the applicable Purchaser Agent  to fund or maintain such Portion of Capital (and which may be also allocated in part to the funding of  other assets of such Conduit Purchaser); provided, however, that if any component of such rate is a Yield  Rate, in calculating the “CP Rate” for such Portion of Capital for such Yield Period, the applicable  Purchaser Agent shall for such component use the rate resulting from converting such Yield Rate to an  interest bearing equivalent rate per annum; provided, further, that notwithstanding anything in this  Agreement or the other Transaction Documents to the contrary, the Seller agrees that any amounts payable  to the Purchasers in respect of Discount for any Yield Period with respect to any Portion of Capital funded  by such Purchaser at the CP Rate shall include an amount equal to the portion of the face amount of the  outstanding Notes issued to fund or maintain such Portion of Capital that corresponds to the portion of the  proceeds of such Notes that was used to pay the interest component of maturing Notes issued to fund or  maintain such Portion of Capital, to the extent that such Purchaser had not received payments of interest  in respect of such interest component prior to the maturity date of such maturing Notes (for purposes of  the foregoing, the “interest component” of Notes equals the excess of the face amount thereof over the net  proceeds received by such Purchaser from the issuance of Notes, except that if such Notes are issued on  an interest-bearing basis its “interest component” will equal the amount of interest accruing on such Notes  through maturity) or (b) any other rate designated as the “CP Rate” for such Conduit Purchaser in an  Assumption Agreement or Transfer Supplement pursuant to which such Person becomes a party as a  Conduit Purchaser to this Agreement, or any other writing or agreement provided by such Conduit  Purchaser to the Seller, the Servicer and the applicable Purchaser Agent from time to time. The “CP Rate”  for any day while a Termination Event exists shall be an interest rate equal to the greater of (a) 2.0% per  annum above the Base Rate as in effect on such day and (b) the Alternate Rate as calculated in the  definition thereof.  “Credit and Collection Policy” means, as the context may require, those receivables credit and  collection policies and practices of each Originator and of Cooper Tire in effect on the First Omnibus  Amendment Effective Date a copy of which was delivered to the Administrator on or prior to the First  Omnibus Amendment Effective Date as an attachment to the Servicer’s officer certificate, as modified in  compliance with this Agreement.  “Cut-off Date” has the meaning set forth in Section 1.1(a) the Sale Agreement.  “Days’ Sales Outstanding” means, for any calendar month, an amount computed as of the last day  of such calendar month equal to: (a) the average of the Outstanding Balance of all Pool Receivables as of  the last day of each of the three most recent calendar months ended on the last day of such calendar month  divided by (b)(i) the aggregate initial Outstanding Balance of all Pool Receivables generated by the  Originators during the three calendar months ended on the last day of such calendar month divided by (ii)  90.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-8    “Debt” means: (a) indebtedness for borrowed money, (b) obligations evidenced by bonds,  debentures, notes or other similar instruments, (c) obligations to pay the deferred purchase price of  property or services, (d) obligations as lessee under leases that shall have been or should be, in accordance  with generally accepted accounting principles, recorded as capital leases, and (e) obligations under direct  or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise  acquire, or otherwise to assure a creditor against loss in respect of, indebtedness or obligations of others  of the kinds referred to in clauses (a) through (d).  “Declining Conduit Purchaser” has the meaning set forth in Section 1.4(b)(ii) of this Agreement.  “Declining Notice” has the meaning set forth in Section 1.4(b)(ii) of this Agreement.  “Deemed Collections” has the meaning set forth in Section 1.4(e)(ii) of this Agreement.  “Default Ratio” means the ratio (expressed as a percentage and rounded to the nearest 1/100 of  1%) computed as of the last day of each calendar month by dividing: (i) the aggregate Outstanding Balance  of all Pool Receivables that became Defaulted Receivables during such month (other than Receivables  that became Defaulted Receivables as a result of an Event of Bankruptcy with respect to the Obligor  thereof during such month) by (ii) the sum of (a) 75% of the initial Outstanding Balance of all Pool  Receivables generated by all the Originators during the calendar month that is seven months before such  month and (b) 25% of the aggregate initial Outstanding Balance of all Pool Receivables generated by all  the Originators during the calendar month that is nine months before such month.  “Defaulted Receivable” means a Receivable:  (a) as to which any payment, or part thereof, remains unpaid for more than 60 days  from the original due date for such payment, or  (b) without duplication (i) as to which an Event of Bankruptcy shall have occurred with  respect to the Obligor thereof or any other Person obligated thereon or owning any Related  Security with respect thereto, or (ii) that has been written off the Seller’s books as uncollectible.  “Delinquency Ratio” means the ratio (expressed as a percentage and rounded to the nearest 1/100  of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by  dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables  on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.  “Delinquent Receivable” means a Receivable as to which any payment, or part thereof, remains  unpaid for more than 60 days from the original due date for such payment.  “Designated Obligor(s)” has the meaning set forth in the Fee Letters.  “Determination Date” means, with respect to any calendar month, the last Business Day of such  calendar month.  “Dilution Horizon” means, for any calendar month, the ratio (expressed as a percentage and  rounded to the nearest 1/100th of 1%) computed as of the last day of such calendar month of: (a) the  aggregate initial Outstanding Balance of all Pool Receivables generated by all the Originators during the  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-9    two most recent calendar months, to (b) the Net Receivables Pool Balance at the last day of such calendar  month.  “Dilution Ratio” means the ratio (expressed as a percentage and rounded to the nearest 1/100th of  1%, with 5/1000th of 1% rounded upward), computed as of the last day of each calendar month by  dividing: (a) the aggregate amount of payments made or owed by the Seller pursuant to Section 1.4(e)(i)  of this Agreement (other than amounts related to the Specifically Reserved Dilution Amount) during such  calendar month by (b) the aggregate initial Outstanding Balance of all Pool Receivables generated by all  the Originators during the calendar month that is two months prior to such calendar month.  “Dilution Reserve” means, on any day, an amount equal to: (a) the sum of the Aggregate Capital  plus the Adjusted LC Participation Amount at the close of business of the Servicer on such day multiplied  by (b) (i) the Dilution Reserve Percentage on such day, divided by (ii) 100% minus the Dilution Reserve  Percentage on such day.  “Dilution Reserve Percentage” means, on any date, the product of (a) the Dilution Horizon  multiplied by (b) the sum of (i) 2.5 times the average of the Dilution Ratios for the twelve most recent  calendar months and (ii) the Dilution Spike Factor.  “Dilution Spike Factor” means, for any calendar month, the product of (a) the positive difference,  if any, between: (i) the highest Dilution Ratio for any calendar month during the twelve most recent  calendar months and (ii) the arithmetic average of the Dilution Ratios for such twelve months and (b) (i)  the highest Dilution Ratio for any calendar month during the twelve most recent calendar months, divided  by (ii) the arithmetic average of the Dilution Ratios for such twelve months.  “Discount” means with respect to any Purchaser:  (a) for any Portion of Capital for any Yield Period with respect to any Purchaser to the  extent such Portion of Capital will be funded by such Purchaser during such Yield Period through  the issuance of Notes:  CPR x C x ED/360 + YPF  (b) for any Portion of Capital for any Yield Period with respect to any Purchaser to the  extent such Portion of Capital will not be funded by such Purchaser during such Yield Period  through the issuance of Notes:  AR x C x ED/Year + YPF  where:  AR = the Alternate Rate for such Portion of Capital for such Yield Period with  respect to such Purchaser,  C = the Capital with respect to such Portion of Capital during such Yield Period  with respect to such Purchaser,  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-10    CPR = the CP Rate for the Portion of Capital for such Yield Period with respect to  such Purchaser,  ED = the actual number of days during such Yield Period, Year = if such Portion  of Capital is funded based upon: (i) the Euro-Rate or LMIR, 360 days, and  (ii) the Base Rate, 365 or 366 days, as applicable, and  YPF = the Yield Protection Fee, if any, for the Portion of Capital for such Yield  Period with respect to such Purchaser;  provided that no provision of this Agreement shall require the payment or permit the collection of Discount  in excess of the maximum permitted by applicable law; and provided further, that Discount for any  Portion of Capital shall not be considered paid by any distribution to the extent that at any time all or a  portion of such distribution is rescinded or must otherwise be returned for any reason.  “Drawing Date” has the meaning set forth in Section 1.15(a) of this Agreement.  “Early Opt-in Election” means the occurrence of:  (a) (i) a determination by the Administrator or (ii) a notification by the Required Purchaser  Agents to the Administrator (with a copy to the Seller) that the Required Purchaser Agents  have determined that U.S. dollar-denominated syndicated credit facilities being executed at  such time, or that include language similar to that contained in Section 1.11.2, are being  executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to  replace LIBOR, and  (b) (i) the election by the Administrator or (ii) the election by the Required Purchaser Agents to  declare that an Early Opt-in Election has occurred and the provision, as applicable, by the  Administrator of written notice of such election to the Seller and the Purchaser Agents or by  the Required Purchaser Agents of written notice of such election to the Administrator.  “Eligible Assignee” means any bank or financial institution acceptable to the LC Bank and the  Administrator.  “Eligible Foreign Obligor” means an Obligor which is a resident of any country (other than the  United States of America) that has a short-term foreign currency rating (or, if such country does not have  such a short-term foreign currency rating, a long-term foreign currency rating) of at least “A-1” (or “A”)  by Standard & Poor’s and “P-1” (or “A2”) by Moody’s.  “Eligible Receivable” means, at any time a Pool Receivable:  (a) the Obligor of which is (i) a United States resident, a Canadian resident or an  Eligible Foreign Obligor; provided that with respect to any Receivable the Obligor of which is a  Canadian resident or an Eligible Foreign Obligor, the Seller shall have taken all actions, at its own  expense, and shall have delivered (or caused to be delivered) to the Administrator all further  instruments, opinions and documents, that may be necessary or desirable in the sole determination  of the Administrator, as the Administrator may reasonably request, to perfect, protect or more fully  evidence such Receivable and the security interest granted therein and in the Related Security and  Collections with respect thereto, or to enable the Administrator, any Purchaser Agent or any  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-11    Purchaser to exercise and enforce their respective rights and remedies under this Agreement, (ii)  not subject to any action of the type described in paragraph (f) of Exhibit V to this Agreement and  (iii) is neither an Affiliate of Cooper Tire or any Affiliate of Cooper Tire nor a Sanctioned Person,  (b) that is denominated and payable either (i) in U.S. dollars and the Obligor with  respect to which has been instructed to remit Collections in respect thereof to a Lock-Box Account  in the United States of America or (ii) in Canadian Dollars and the Obligor with respect to which  has been instructed to remit Collections in respect thereof to the CAD Lock-Box Account, as the  case may be,  (c) that does not have a stated maturity which is more than 200 days after the original  invoice date of such Receivable,  (d) that arises under a duly authorized Contract for the sale and delivery of goods and  services in the ordinary course of an Originator’s business,  (e) that arises under a duly authorized Contract that is in full force and effect and that  is a legal, valid and binding obligation of the related Obligor, enforceable against such Obligor in  accordance with its terms,  (f) that conforms in all material respects with all applicable laws, rulings and  regulations in effect,  (g) that is not the subject of any asserted dispute, offset, hold back, defense, Adverse  Claim or other claim; provided that with respect to any Receivables which is subject to any such  claim, the amount of such Receivable which shall be treated as an Eligible Receivable shall equal  the excess, if any, of the amount of such Receivable over the amount of such claim asserted by or  available to the account party or other Obligor,  (h) that satisfies all applicable requirements of the applicable Credit and Collection  Policy,  (i) that has not been modified, waived or restructured since its creation, except as  permitted pursuant to Section 4.2 of this Agreement,  (j) in which the Seller owns good and marketable title, free and clear of any Adverse  Claims, and that is freely assignable by the Seller (including without any consent of the related  Obligor),  (k) for which the Administrator (for the benefit of each Purchaser) shall have a valid  and enforceable undivided percentage ownership or security interest, to the extent of the Purchased  Interest, and a valid and enforceable first priority perfected security interest therein and in the  Related Security and Collections with respect thereto, in each case free and clear of any Adverse  Claim,  (l) that constitutes an account as defined in the UCC, and that is not evidenced by  instruments or chattel paper,  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-12    (m) that is not a Defaulted Receivable or a Delinquent Receivable,  (n) for which none of the Originator thereof, the Seller nor the Servicer has established  any offset arrangements with the related Obligor,  (o) for which Defaulted Receivables of the related Obligor do not exceed 35% of the  Outstanding Balance of all such Obligor’s Receivables, and  (p) that represents amounts earned and payable by the Obligor that are not subject to  the performance of additional services by the Originator thereof.  For the avoidance of doubt, even if a Pool Receivable fails to meet more than one of the above criteria, it  will only be deducted from “Eligible Receivables” once.  “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to  time, and any successor statute of similar import, together with the regulations thereunder, in each case as  in effect from time to time. References to sections of ERISA also refer to any successor sections.  “ERISA Affiliate” means: (a) any corporation that is a member of the same controlled group of  corporations (within the meaning of Section 414(b) of the Internal Revenue Code) as the Seller, any  Originator or Cooper Tire, (b) a trade or business (whether or not incorporated) under common control  (within the meaning of Section 414(c) of the Internal Revenue Code) with the Seller, any Originator or  Cooper Tire, or (c) a member of the same affiliated service group (within the meaning of Section 414(m)  of the Internal Revenue Code) as the Seller, any Originator, any corporation described in clause (a) or any  trade or business described in clause (b).   “Euro-Rate” means with respect to any Yield Period, the greater of (a) 0.00% and (b) the interest  rate per annum determined by the Administrator by dividing (the resulting quotient rounded upwards, if  necessary, to the nearest 1/100th of 1% per annum) (i) the rate of interest determined by the Administrator  in accordance with its usual procedures (which determination shall be conclusive absent manifest error)  to be the rate per annum for deposits in U.S. dollars as reported by Bloomberg Finance L.P. and shown  on US0001M Screen as the composite offered rate for London interbank deposits for such period (or on  any successor or substitute page of such service, or any successor to or substitute for such service,  providing rate quotations comparable to those currently provided on such page of such service, as  determined by such Purchaser Agent from time to time for purposes of providing quotations of interest  rates applicable to dollar deposits in the London interbank market) at or about 11:00 a.m. (London time)  on the Business Day which is two (2) Business Days prior to the first day of such Yield Period for an  amount comparable to the Portion of Capital to be funded at the Yield Rate and based upon the Euro-Rate  during such Yield Period by (ii) a number equal to 1.00 minus the Euro-Rate Reserve Percentage. The  Euro-Rate may also be expressed by the following formula:  Composite of London interbank offered rates shown on  Bloomberg Finance L.P. Screen US0001M  or appropriate successor  Euro-Rate = ______________________________________________  1.00 - Euro-Rate Reserve Percentage    

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-13    where “Euro-Rate Reserve Percentage” means, the maximum effective percentage in effect on such day  as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining  the reserve requirements (including without limitation, supplemental, marginal, and emergency reserve  requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”).  The Euro-Rate shall be adjusted with respect to any Portion of Capital funded at the Yield Rate and based  upon the Euro-Rate that is outstanding on the effective date of any change in the Euro-Rate Reserve  Percentage as of such effective date. The Administrator shall give prompt notice to the Seller of the Euro- Rate as determined or adjusted in accordance herewith (which determination shall be conclusive absent  manifest error).  “Event of Bankruptcy” means an Insolvency Proceeding.  “Excess Concentration” means the sum of the amounts by which the Outstanding Balance of  Eligible Receivables of each Obligor then in the Receivables Pool exceeds, without duplication, an amount  equal to the sum of:  (i) an amount equal to (a) the applicable Concentration Percentage for such Obligor  multiplied by (b) the Outstanding Balance of all Eligible Receivables then in the Receivables Pool,  plus  (ii) the amount by which the aggregate Outstanding Balance of all Eligible Receivables  then in the Receivables Pool that are denominated in Canadian Dollars exceeds 10.0% of the  aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool, plus  (iii) the amount by which the aggregate Outstanding Balance of all Eligible Receivables  then in the Receivables Pool the Obligor of which is an Eligible Foreign Obligor exceeds 5.0% of  the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool, plus  (iv) the amount by which the aggregate Outstanding Balance of all Eligible Receivables  then in the Receivables Pool that have a stated maturity which is more than 120 days but less than  201 days after the original invoice date of such Receivable exceeds 25.0% of the aggregate  Outstanding Balance of all Eligible Receivables then in the Receivables Pool, plus  (v) the amount by which the aggregate Outstanding Balance of all Eligible Receivables  then in the Receivables Pool the Obligor of which is a governmental entity exceeds 2.0% of the  aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool.  “Existing Agreement” has the meaning set forth in the preamble hereto.  “Exiting Notice” has the meaning set forth in Section 1.4(b)(ii) of this Agreement.  “Exiting Purchaser” has the meaning set forth in Section 1.4(b)(ii) of this Agreement.  “Facility Termination Date” means the earliest to occur of: (a) with respect to each Purchaser,  December 19, 2022, subject to any extension pursuant to Section 1.22 of this Agreement (it being  understood that if any such Purchaser does not extend its Commitment hereunder then the Purchase Limit  shall be reduced ratably with respect to the Purchasers in each Purchaser Group by an amount equal to the  Commitment of such Exiting Purchaser and the Commitment Percentages and Group Commitments of  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-14    the Purchasers within each Purchaser Group shall be appropriately adjusted), (b) the date determined  pursuant to Section 2.2 of this Agreement, (c) the date the Purchase Limit reduces to zero pursuant to  Section 1.1(c) of this Agreement, (d) [Reserved], (e) with respect to each Purchaser Group, the date that  the commitment, of all of the Related Committed Purchasers of such Purchaser Group terminate pursuant  to Section 1.22 and (f) the date which is 30 days after the date on which the Administrator and each  Purchaser Agent has received written notice from the Seller of its election to terminate the Purchase  Facility.  “Federal Funds Rate” means, for any day, the per annum rate set forth in the weekly statistical  release designated as H.15(519), or any successor publication, published by the Federal Reserve Board  (including any such successor, “H.15(519)”) for such day opposite the caption “Federal Funds  (Effective).” If on any relevant day such rate is not yet published in H.15(519), the rate for such day will  be the rate set forth in the daily statistical release designated as the Composite 3:30 p.m. Quotations for  U.S. Government Securities, or any successor publication, published by the Federal Reserve Bank of New  York (including any such successor, the “Composite 3:30 p.m. Quotations”) for such day under the caption  “Federal Funds Effective Rate.” If on any relevant day the appropriate rate is not yet published in either  H.15(519) or the Composite 3:30 p.m. Quotations, the rate for such day will be the arithmetic mean as  determined by the Administrator of the rates for the last transaction in overnight Federal funds arranged  before 9:00 a.m. (New York City time) on that day by each of three leading brokers of Federal funds  transactions in New York City selected by the Administrator.  “Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank  of New York at http://www.newyorkfed.org, or any successor source.  “Federal Reserve Board” means the Board of Governors of the Federal Reserve System, or any  entity succeeding to any of its principal functions.  “Fees” means the fees payable by the Seller to each member of each Purchaser Group pursuant to  the applicable Purchaser Group Fee Letter.  “Final Payout Date” means the latest of (i) the Facility Termination Date, (ii) the date on which no  Capital of or Discount in respect of the Purchased Interest shall be outstanding, (iii) the LC Participation  Amount has been reduced to zero ($0) and no Letters of Credit issued hereunder remain outstanding and  undrawn (unless backstopped in a manner agreed to in writing by the LC Bank and the Majority Purchaser  Agents in their sole and absolute discretion), (iv) the date all other amounts owing to the Purchaser Agents,  the Purchasers, the Administrator and the other Indemnified Parties and Affected Person under this  Agreement and each of the other Transaction Documents have been paid in full (other than  indemnification or other contingent obligations not yet due and owing) and (v) all accrued Servicing Fees  have been paid in full.  “First Omnibus Amendment Effective Date” means December 17, 2020.  “Funded Purchase” shall mean a Purchase that is made pursuant to Section 1.2(b).   “GAAP” means the generally accepted accounting principles and practices in the United States,  consistently applied.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-15    “Governmental Authority” means the government of the United States, any other nation or any  political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory  body, court, central bank or other entity (including any supranational body, including the European Union  and the European Central Bank) exercising executive, legislative, judicial, taxing, regulatory or  administrative powers or functions of or pertaining to government.  “Group A Obligor” means any Obligor (or its Parent if such Obligor is not rated or if its Parent is  rated higher than such Obligor) with a short-term rating of at least:  (a) “A-1” by Standard & Poor’s, or if  such Obligor does not have a short-term rating from Standard & Poor’s, a rating of “A+” or better by  Standard & Poor’s on such Obligor’s or its Parent’s, (as applicable) long-term senior unsecured and  uncredit-enhanced debt securities, and (b) “P-1” by Moody’s, or if such Obligor does not have a short- term rating from Moody’s, “A1” or better by Moody’s on such Obligor’s or its Parent’s (as applicable)  long-term senior unsecured and uncredit-enhanced debt securities; provided, however, if such Obligor is  rated by only one of such rating agencies, then such Obligor will be a “Group A Obligor” if it satisfies  either clause (a) or clause (b) above.  “Group B Obligor” means an Obligor (or its Parent if such Obligor is not rated or if its Parent is  rated higher than such Obligor), that is not a Group A Obligor, with a short-term rating of at least:  (a) “A- 2” by Standard & Poor’s, or if such Obligor does not have a short-term rating from Standard & Poor’s, a  rating of “BBB+” to “A” by Standard & Poor’s on such Obligor’s or its Parent’s (as applicable) long-term  senior unsecured and uncredit-enhanced debt securities, and (b) “P-2” by Moody’s, or if such Obligor  does not have a short-term rating from Moody’s, “Baa1” to “A2” by Moody’s on such Obligor’s or its  Parent’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities; provided,  however, that if such Obligor is rated by only one of such rating agencies, then such Obligor will be a  “Group B Obligor” if it satisfies either clause (a) or clause (b) above.  “Group C Obligor” means an Obligor (or its Parent if such Obligor is not rated or if its Parent is  rated higher than such Obligor), that is not a Group A Obligor or Group B Obligor, with a short-term  rating of at least:  (a) “A-3” by Standard & Poor’s, or if such Obligor does not have a short-term rating  from Standard & Poor’s, a rating of “BBB-” to “BBB” by Standard & Poor’s on such Obligor’s or its  Parent’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities, and (b) “P-3”  by Moody’s, or if such Obligor does not have a short-term rating from Moody’s, “Baa3” to “Baa2” by  Moody’s on such Obligor’s or its Parent’s (as applicable) long-term senior unsecured and uncredit- enhanced debt securities; provided, however, if such Obligor is rated by only one of such rating agencies,  then such Obligor will be a “Group C Obligor” if it satisfies either clause (a) or clause (b) above.  “Group Capital” means with respect to any Purchaser Group, an amount equal to the aggregate of  all Capital of the Purchasers within such Purchaser Group.  “Group Commitment” means with respect to any Purchaser Group the aggregate of the  Commitments of each Purchaser within such Purchaser Group, which amount is set forth on Schedule V  to this Agreement.  “Group D Obligor” means any Obligor that is not a Group A Obligor, Group B Obligor or Group  C Obligor.  “Indemnified Amounts” has the meaning set forth in Section 3.1 of this Agreement.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-16    “Indemnified Party” has the meaning set forth in Section 3.1 of this Agreement.  “Independent Director” has the meaning set forth in paragraph 3(c) of Exhibit IV to this  Agreement.  “Information Package” means a Monthly Report or a Weekly Report, as the case may be.  “Insolvency Proceeding” means: (a) any case, action or proceeding before any court or other  Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership,  dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors,  composition, marshaling of assets for creditors, or other similar arrangement in respect of its creditors  generally or any substantial portion of its creditors, in each case undertaken under U.S. Federal, state or  foreign law, including the Bankruptcy Code.  “Intercreditor Agreement” means any intercreditor agreement entered into by Wells Fargo in its  capacity as Administrator under this Agreement.  “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to  time, and any successor statute of similar import, together with the regulations thereunder, in each case as  in effect from time to time. References to sections of the Internal Revenue Code also refer to any successor  sections.  “LC Bank” has the meaning set forth in the preamble to this Agreement.  “LC Collateral Account” means the account designated as the LC Collateral Account established  and maintained by the Administrator (for the benefit of the LC Bank and the LC Participants), or such  other account as may be so designated as such by the Administrator.  “LC Fee Expectation” has the meaning set forth in Section 1.16(c) of this Agreement.  “LC Participant” has the meaning set forth in the preamble to this Agreement.  “LC Participation Amount” means, at any time, the then aggregate undrawn face amount of all  outstanding Letters of Credit.  “LCR Security” means any commercial paper or security (other than equity securities issued to  Cooper Tire or any Originator that is a consolidated subsidiary of Cooper Tire under GAAP) within the  meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk  Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).  “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the  Seller (or for the account of an Originator or any of its Subsidiaries, as applicable) pursuant to this  Agreement.  “Letter of Credit Application” has the meaning set forth in Section 1.13(a) of this Agreement.  “LIBOR” means LMIR or the Euro-Rate, as applicable.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-17    “Liquidity Agent” means each of the banks acting as agent for the various Liquidity Providers  under each Liquidity Agreement.  “Liquidity Agreement” means any agreement entered into in connection with this Agreement  pursuant to which a Liquidity Provider agrees to make purchases or advances to, or purchase assets from,  any Conduit Purchaser in order to provide liquidity for such Conduit Purchaser’s Purchases.  “Liquidity Provider” means each bank or other financial institution that provides liquidity support  to any Conduit Purchaser pursuant to the terms of a Liquidity Agreement.  “LMIR” means for any day during any Yield Period, the greater of (a) 0.00% and (b) the one- month eurodollar rate for U.S. dollar deposits as reported on the Reuters Screen LIBOR01 Page or any  other page that may replace such page from time to time for the purpose of displaying offered rates of  leading banks for London interbank deposits in United States dollars, as of 11:00 a.m. (London time) on  such day, or if such day is not a Business Day, then the immediately preceding Business Day (or if not so  reported, then as determined by the Administrator from another recognized source for interbank  quotation), in each case, changing when and as such rate changes.  “Lock-Box Account” means each account listed on Schedule II to this Agreement and maintained  at a bank or other financial institution acting as a Lock-Box Bank pursuant to a Lock-Box Agreement for  the purpose of receiving Collections.  “Lock-Box Agreement” means an agreement, among the Seller, the Servicer, a Lock-Box Bank  and the Administrator, governing the terms of the related Lock-Box Accounts, in each case acceptable to  the Administrator.  “Lock-Box Bank” means any of the banks or other financial institutions holding one or more Lock- Box Accounts.  “Loss Reserve” means, on any date, an amount equal to (a) the sum of the Aggregate Capital plus  the Adjusted LC Participation Amount at the close of business of the Servicer on such date multiplied by  (b)(i) the Loss Reserve Percentage on such date divided by (ii) 1 minus the Loss Reserve Percentage on  such date.  “Loss Reserve Percentage” means, on any date, an amount equal to (a) the product of (i) 2.5 times  the highest average of the Default Ratios for any three consecutive calendar months during the twelve  most recent calendar months, multiplied by (ii) the sum of (A) the aggregate initial Outstanding Balance  of all Pool Receivables generated by all Originators during the four most recent calendar months and (B)  on any day that Days’ Sales Outstanding is greater than 30.0, the product of (1) (x) Days’ Sales  Outstanding on such date minus 30.0, divided by (y) 30.0, multiplied by (2) the aggregate initial  Outstanding Balance of all Pool Receivables generated by all Originators during the fifth most recent  calendar month, divided by (b) an amount equal to the Net Receivables Pool Balance as determined  without giving effect to clause (i) of the definition of Excess Concentration.  “Majority Purchaser Agents” means, at any time, the Purchaser Agents which in their related  Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of  the aggregate of the Commitments of all Related Committed Purchasers in all Purchaser Groups; provided,  however, that so long as any one Related Committed Purchaser’s Commitment is greater than 50% of the  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-18    aggregate Commitments and there is more than one Purchaser Group, then “Majority Purchaser Agents”  shall mean a minimum of two Purchaser Agents which in their related Purchaser Group have Related  Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of  all Related Committed Purchasers in all Purchaser Groups.  “Material Adverse Effect” means, relative to any Person with respect to any event or circumstance,  a material adverse effect on:  (a) the assets, operations, business or financial condition of an Originator, Cooper Tire,  the Seller or the Servicer,  (b) the ability of any of an Originator, Cooper Tire, the Seller or Servicer to perform  its obligations under this Agreement or any other Transaction Document to which it is a party,  (c) the validity or enforceability of any of the Transaction Documents, or the validity,  enforceability or collectability of the Pool Receivables, or  (d) the status, perfection, enforceability or priority of the Administrator’s, any  Purchaser’s or the Seller’s interest in the Pool Assets.  “Minimum Dilution Reserve” means at any time, the product of (a) the Aggregate Capital plus the  Adjusted LC Participation Amount at the close of business of the Servicer on such date multiplied by  (b)(i) the Minimum Dilution Reserve Percentage divided by (ii) 1 minus the Minimum Dilution Reserve  Percentage.  “Minimum Dilution Reserve Percentage” means, at any time, the product of (a) the 12-month  rolling average of the Dilution Ratio at such time multiplied by (b) the Dilution Horizon.  “Monthly Report” means each report, in substantially the form of Annex A-1 to this Agreement,  furnished by or on behalf of the Servicer to the Administrator and each Purchaser Agent pursuant to this  Agreement.  “Monthly Settlement Date” means the 25th day of each calendar month (or if such day is not a  Business Day, the next occurring Business Day).  “Moody’s” means Moody’s Investors Service, Inc.  “Net Receivables Pool Balance” means, at any time: (a) the Outstanding Balance of Eligible  Receivables then in the Receivables Pool minus (b) the Excess Concentration.  “Notes” means short-term promissory notes issued, or to be issued, by any Conduit Purchaser to  fund its investments in accounts receivable or other financial assets.  “Obligor” means, with respect to any Receivable, the Person obligated to make payments pursuant  to the Contract relating to such Receivable.  “Omnibus Amendment No. 1” has the meaning set forth in the Preliminary Statements.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-19    “Order’ has the meaning set forth in Section 1.21 of this Agreement.  “Originator” means each Person from time to time party to the Sale Agreement as an Originator.  “Outstanding Balance” of any Receivable at any time means the then outstanding principal balance  thereof; provided that any amounts denominated and payable in Canadian Dollars shall be deemed to be  the U.S. Dollar Equivalent of such amount at the time of determination thereof.  “Parent” means, with respect to any Obligor that is not a natural person, the entity that, directly or  indirectly, holds not less than 90% of such Obligor’s equity interests or beneficial interests, as applicable.   In no event shall the owners of any Obligor that is a joint venture be deemed to be such Obligor’s  “Parents”.   “Participant” has the meaning set forth in Section 6.3(b) of this Agreement.  “Pep Boys Collections” means, with respect to any Pep Boys Receivables:  (a) all funds that are  received by any Person in payment of any amounts owed in respect of such Pep Boys Receivables  (including purchase price, finance charges, interest and all other charges), or applied to amounts owed in  respect of such Pep Boys Receivables (including insurance payments and net proceeds of the sale or other  disposition of repossessed goods or other collateral or property of any related Obligor or any other Person  directly or indirectly liable for the payment of such Pep Boys Receivables and available to be applied  thereon), (b) all proceeds of all related security with respect to such Pep Boys Receivables and (c) all other  proceeds of such Pep Boys Receivables.  “Pep Boys Receivables” means accounts receivable that arise out of the sale of goods and services  by Cooper Tire to The Pep Boys – Manny, Moe and Jack (Company) and all proceeds and other rights  with respect to such accounts receivable, including any rights under any acknowledgment or confirmation  by the related obligor with respect to such accounts receivable.  “Performance Guaranty” means the Performance Guaranty, dated as of August 30, 2006, by  Cooper Tire, as performance guarantor, in favor of the Administrator for the benefit of the Purchasers and  Purchaser Agents, as the same may be amended, restated, supplemented or otherwise modified from time  to time.  “Performance Reserve” means at any time after a Performance Reserve Trigger Event has occurred  and is continuing, an amount equal to 10% of the Adjusted Net Receivables Pool Balance.  “Performance Reserve Trigger Event” means (i) the Delinquency Ratio for any calendar month  shall exceed 7.00%; (ii) the Days’ Sales Outstanding for any calendar month exceeds 80 days, (iii) the  average for three consecutive calendar months of the Default Ratio shall exceed 2.00%, (iv) the average  for three consecutive calendar months of the Delinquency Ratio shall exceed 6.50%, or (v) the average  for three consecutive calendar months of the Dilution Ratio shall exceed 10.00%.  “Person” means an individual, partnership, corporation (including a business trust), joint stock  company, trust, unincorporated association, joint venture, limited liability company or other entity, or a  government or any political subdivision or agency thereof.  “Pool Assets” has the meaning set forth in Section 1.2(d) of this Agreement.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-20    “Pool Receivable” means a Receivable in the Receivables Pool.  “Portion of Capital” means, with respect to any Purchaser and its related Capital, the portion of  such Capital being funded or maintained by such Purchaser by reference to a particular interest rate basis.  “Pro Rata Share” shall mean, as to any LC Participant or LC Bank, a fraction, the numerator of  which equals the Commitment of such LC Participant or LC Bank at such time and the denominator of  which equals the aggregate of the Commitments of all LC Participants in such LC Participant’s related  Purchaser Group and the LC Bank at such time.  “Program Support Agreement” means and includes any Liquidity Agreement and any other  agreement entered into by any Program Support Provider providing for: (a) the issuance of one or more  letters of credit for the account of any Conduit Purchaser, (b) the issuance of one or more surety bonds for  which the such Conduit Purchaser is obligated to reimburse the applicable Program Support Provider for  any drawings thereunder, (c) the sale by such Conduit Purchaser to any Program Support Provider of the  Purchased Interest (or portions thereof) maintained by such Conduit Purchaser and/or (d) the making of  loans and/or other extensions of credit to any Conduit Purchaser in connection with such Conduit  Purchaser’s securitization program contemplated in this Agreement, together with any letter of credit,  surety bond or other instrument issued thereunder.  “Program Support Provider” means and includes with respect to each Conduit Purchaser any  Liquidity Provider and any other Person (other than any customer of such Conduit Purchaser) now or  hereafter extending credit or having a commitment to extend credit to or for the account of, or to make  purchases from, such Conduit Purchaser pursuant to any Program Support Agreement.  “Purchase” has the meaning set forth in Section 1.1(a) of this Agreement.  “Purchase and Sale Indemnified Amounts” has the meaning set forth in Section 9.1 of the Sale  Agreement.  “Purchase and Sale Indemnified Party” has the meaning set forth in Section 9.1 of the Sale  Agreement.  “Purchase and Sale Termination Date” has the meaning set forth in Section 1.4 of the Sale  Agreement.  “Purchase and Sale Termination Event” has the meaning set forth in Section 8.1 of the Sale  Agreement.  “Purchase Date” means the date of which a Purchase or a reinvestment is made pursuant to this  Agreement.  “Purchase Facility” has the meaning set forth in Section 1.1 of the Sale Agreement.  “Purchase Limit” means $100,000,000, as such amount may be increased pursuant to Section  1.1(b) or reduced pursuant to Section 1.1(c) of this Agreement or otherwise in connection with any Exiting  Purchaser. References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase  Limit minus the sum of the then outstanding Aggregate Capital plus the LC Participation Amount.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-21    “Purchase Notice” has the meaning set forth in Section 1.2(a) to this Agreement.  “Purchased Interest” means, at any time, the undivided percentage ownership interest in: (a) each  and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such  Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and  Related Security. Such undivided percentage interest shall be computed as:  Aggregate Capital + Adjusted LC Participation Amount + Total Reserves  Net Receivables Pool Balance    The Purchased Interest shall be determined from time to time pursuant to Section 1.3 of this Agreement.  “Purchaser” means each Conduit Purchaser, each Related Committed Purchaser, each LC  Participant and/or the LC Bank, as applicable.  “Purchaser Agent” means each Person acting as agent on behalf of a Purchaser Group and  designated as a Purchaser Agent for such Purchaser Group on the signature pages to this Agreement or  any other Person who becomes a party to this Agreement as a Purchaser Agent pursuant to an Assumption  Agreement or a Transfer Supplement.  “Purchaser Group” means, (i) for any Conduit Purchaser, such Conduit Purchaser, its Related  Committed Purchaser, its related Purchaser Agent and its related LC Participants and (ii) for Wells Fargo,  Well Fargo, as the Purchaser Agent, the Related Committed Purchaser, an LC Participant and the LC  Bank.  “Purchaser Group Fee Letter” has the meaning set forth in Section 1.5 of this Agreement.  “Purchasers’ Share” of any amount, at any time, means such amount multiplied by the Purchased  Interest at such time.  “Purchasing Related Committed Purchaser” has the meaning set forth in Section 6.3(c) of this  Agreement.  “Ratable Share” means, for each Purchaser Group, such Purchaser Group’s aggregate  Commitments divided by the aggregate Commitments of all Purchaser Groups.  “Rating Agency Condition” means, when applicable, with respect to any material event or  occurrence, receipt by the Administrator (or the applicable Purchaser Agent) of written confirmation from  each of Standard & Poor’s and Moody’s (and/or each other rating agency then rating the Notes of the  applicable Conduit Purchaser) that such event or occurrence shall not cause the rating on the then  outstanding Notes of any applicable Purchaser to be downgraded or withdrawn.  “Receivable” means any indebtedness and other obligations owed to any Originator or the Seller  or any right of the Seller or any Originator to payment from or on behalf of an Obligor or any right to  reimbursement for funds paid or advanced by the Seller or any Originator on behalf of an Obligor, whether  constituting an account, chattel paper, payment intangible, instrument or general intangible, however  arising (whether or not earned by performance), and includes, without limitation, the obligation to pay  any finance charges, fees and other charges with respect thereto; provided that, the term Receivable shall  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-22    not include Pep Boys Receivables. Indebtedness and other obligations arising from any one transaction,  including, without limitation, indebtedness and other obligations represented by an individual invoice or  agreement, shall constitute a Receivable separate from a Receivable consisting of the indebtedness and  other obligations arising from any other transaction.  “Receivables Pool” means, at any time, all of the then outstanding Receivables purchased by the  Seller pursuant to the Sale Agreement prior to the Facility Termination Date.  “Reimbursement Obligation” has the meaning set forth in Section 1.15(a) of this Agreement.  “Related Committed Purchaser” means each Person listed as such (and its respective Commitment)  as set forth on the signature pages of this Agreement or in any Assumption Agreement or Transfer  Supplement.  “Related Rights” has the meaning set forth in Section 1.1 of the Sale Agreement.  “Related Security” means, with respect to any Receivable:  (a) all of the Seller’s and the Originator thereof’s interest in any goods (including  returned goods), and documentation of title evidencing the shipment or storage of any goods  (including returned goods), the sale of which gave rise to such Receivable,  (b) all instruments and chattel paper that may evidence such Receivable,  (c) all other security interests or liens and property subject thereto from time to time  purporting to secure payment of such Receivable, whether pursuant to the Contract related to such  Receivable or otherwise, together with all UCC financing statements or similar filings relating  thereto,  (d) solely to the extent applicable to such Receivable, all of the Seller’s and the  Originator thereof’s rights, interests and claims under the Contracts relating to such Receivable,  and all guaranties, indemnities, insurance and other agreements (including the related Contract) or  arrangements of whatever character from time to time supporting or securing payment of such  Receivable or otherwise relating to such Receivable, whether pursuant to the Contract related to  such Receivable or otherwise, and  (e) all of the Seller’s rights, interests and claims under the Sale Agreement and the  other Transaction Documents.  “Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve  Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or  the Federal Reserve Bank of New York or any successor thereto.  “Reportable Compliance Event” shall mean that any Covered Entity becomes a Sanctioned Person,  or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially  detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law,  or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its  operations is in actual or probable violation of any Anti-Terrorism Law.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-23    “Restricted Payments” has the meaning set forth in Section 1(n) of Exhibit IV to this Agreement.  “Sale Agreement” means the Purchase and Sale Agreement, dated as of August 30, 2006 among  the Seller and the Originators, as the same may be amended, amended and restated, supplemented or  otherwise modified from time to time.  “Sanctioned Country” means a country subject to a sanctions program maintained under any Anti- Terrorism Law.  “Sanctioned Person” means any individual person, group, regime, entity or thing listed or  otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime,  entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of  property or rejection of transactions), under any Anti-Terrorism Law.  “Seller” has the meaning set forth in the preamble to this Agreement.  “Seller’s Share” of any amount means the greater of: (a) $0 and (b) such amount minus the product  of (i) such amount multiplied by (ii) the Purchased Interest.  “Servicer” has the meaning set forth in the preamble to this Agreement.  “Servicing Fee” shall mean the fee referred to in Section 4.6 of this Agreement.  “Servicing Fee Rate” shall have the meaning set forth in Section 4.6 of this Agreement.  “Settlement Date” means a Monthly Settlement Date or a Weekly Settlement Date, as applicable;  provided, however, that on and after the occurrence and continuation of any Termination Event,  Settlement Date shall be the date selected as such by the Administrator (with the consent or at the  direction of the Majority Purchaser Agents) from time to time (it being understood that the Administrator  (with the consent or at the direction of the Majority Purchaser Agents) may select such Settlement Date  to occur as frequently as daily) or, in the absence of any such selection, the date which would be the  Settlement Date pursuant to this definition.  “SOFR” with respect to any day means the secured overnight financing rate published for such  day by the Federal Reserve Bank of New York, as the Administrator of the benchmark, (or a successor  Administrator) on the Federal Reserve Bank of New York’s Website.  “Specifically Reserved Dilution Amount” means, (a) for the months of February, May, August  and November, the amounts recorded on the books and records of Cooper Tire under general ledger  numbers 10210600, 10210000, 10210200, 10210300 and 10210610 (or such other accounts that cover  cash discounts allowance, anticipated cash discounts allowance, volume rebate and marketing and  merchandising accruals and any other similar account or accounts as designated by Cooper Tire from time  to time), and (b) for any other month, the amounts recorded on the books and records of Cooper Tire under  general ledger numbers 10210600 and 10210610 (or such similar account or accounts as designated by  Cooper Tire from time to time).  “Solvent” means, with respect to any Person at any time, a condition under which:  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-24    (i) the fair value and present fair saleable value of such Person’s total assets is, on the  date of determination, greater than such Person’s total liabilities (including contingent and  unliquidated liabilities) at such time;  (ii) the fair value and present fair saleable value of such Person’s assets is greater than  the amount that will be required to pay such Person’s probable liability on its existing debts as  they become absolute and matured (“debts,” for this purpose, includes all legal liabilities, whether  matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent);  (iii) such Person is and shall continue to be able to pay all of its liabilities as such  liabilities mature; and  (iv) such Person does not have unreasonably small capital with which to engage in its  current and in its anticipated business.  For purposes of this definition:  (A) the amount of a Person’s contingent or unliquidated liabilities at any time shall be  that amount which, in light of all the facts and circumstances then existing, represents the amount  which can reasonably be expected to become an actual or matured liability;  (B) the “fair value” of an asset shall be the amount which may be realized within a  reasonable time either through collection or sale of such asset at its regular market value;  (C) the “regular market value” of an asset shall be the amount which a capable and  diligent business person could obtain for such asset from an interested buyer who is willing to  Purchase such asset under ordinary selling conditions; and  (D) the “present fair saleable value” of an asset means the amount which can be  obtained if such asset is sold with reasonable promptness in an arm’s-length transaction in an  existing and not theoretical market.  “Standard & Poor’s” means, S&P Global Ratings, and any successor thereto that is a nationally  recognized statistical rating organization, and any successor thereto that is a nationally recognized  statistical rating organization.  “Sub-Servicer” has the meaning set forth in Section 4.1(d) of this Agreement.  “Subsidiary” means, as to any Person, a corporation, partnership, limited liability company or other  entity of which shares of stock of each class or other interests having ordinary voting power (other than  stock or other interests having such power only by reason of the happening of a contingency) to elect a  majority of the Board of Directors or other managers of such entity are at the time owned, or management  of which is otherwise controlled: (a) by such Person, (b) by one or more Subsidiaries of such Person or  (c) by such Person and one or more Subsidiaries of such Person.  “Swap Agreement” means (a) any and all contracts or agreements governing or evidencing any  rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity  swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond  or bond price or bond index swaps or options or forward bond or forward bond price or forward bond  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-25    index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor  transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions,  currency options, spot contracts, or any other similar transactions or any combination of any of the  foregoing (including any options to enter into any of the foregoing), whether or not any such transaction  is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the  related confirmations, which are subject to the terms and conditions of, or governed by, any form of master  agreement published by the International Swaps and Derivatives Association, Inc., any International  Foreign Exchange Master Agreement, or any other master agreement (any such master agreement,  together with any related schedules, a “Master Agreement”), including any such obligations or liabilities  under any Master Agreement.  “Tangible Net Worth” means, with respect to any Person, the tangible net worth of such Person as  determined in accordance with GAAP.  “Taxes” means, with respect to any Person, all taxes, charges, fees, levies or other assessments  (including income, gross receipts, profits, withholding, excise, property, sales, use, license, occupation  and franchise taxes and including any related interest, penalties or other additions) imposed by any  jurisdiction or taxing authority (whether foreign or domestic) under the laws of which such Person is  organized.  “Term SOFR” means the forward-looking term rate based on SOFR that has been selected or  recommended by the Relevant Governmental Body.  “Termination Day” means each day that occurs on or after the Facility Termination Date.  “Termination Event” has the meaning specified in Exhibit V to this Agreement.  “Total Reserves” means, at any time the sum of: (a) the Yield Reserve, plus (b) the Specifically  Reserved Dilution Amount, plus (c) the Canadian Currency Volatility Reserve, plus (d) the greater of (i)  the sum of the Loss Reserve plus the Dilution Reserve and (ii) the sum of the Minimum Dilution Reserve  plus the Concentration Reserve, plus (e) solely after the occurrence and during the continuance of a  Performance Trigger Event and at the written election of the Administrator, the Performance Reserve.  “Transaction Documents” means this Agreement, the Lock-Box Agreements, each Purchaser  Group Fee Letter, the Sale Agreement, the Performance Guaranty, any Intercreditor Agreement and all  other certificates, instruments, reports, notices, agreements and documents executed or delivered under or  in connection with this Agreement, in each case as the same may be amended, amended and restated,  supplemented or otherwise modified from time to time in accordance with the terms thereof.  “Transfer Supplement” has the meaning set forth in Section 6.3(c) of this Agreement.  “UCC” means the Uniform Commercial Code as from time to time in effect in the applicable  jurisdiction.  “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the  Benchmark Replacement Adjustment.  “Unmatured Purchase and Sale Termination Event” means any event which, with the giving of  notice or lapse of time, or both, would become a Purchase and Sale Termination Event.  “Unmatured Termination Event” means an event that, with the giving of notice or lapse of time,  or both, would constitute a Termination Event.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-26    “U.S. Dollar Equivalent” means, on any day with respect to a specified amount denominated in  Canadian Dollars, the U.S. dollar equivalent of such specified amount of Canadian Dollars determined  using the Wall Street Journal closing rate in the New York market for the value of a U.S. Dollar in  Canadian Dollars on such day as published in the Wall Street Journal (or any successor or alternative  service or source reporting market-based currency exchange rates reasonably selected by Cooper Tire in  its reasonable business judgment with the written consent of the Administrator (which consent shall not  be unreasonably withheld)) as of (i) subject to clause (ii) below, for purposes of determining the amount  of any Receivable or portion thereof, the Business Day immediately preceding the date such Receivable  was invoiced or billed or (ii) for purposes of determining the Adjusted Canadian Dollar Receivables  Balance or for any other purposes, the Determination Date.  “Usage Percentage” means, on any day of determination, a fraction (expressed as a percentage)  the numerator of which is the sum of Aggregate Capital plus the Adjusted LC Participation Amount, and  the denominator of which is the lesser of (i) the Purchase Limit, and (ii) the Net Receivables Pool Balance  minus Total Reserves.  “Weekly Report” means each report, in substantially the form of Annex A-2 to this Agreement,  furnished by or on behalf of the Servicer to the Administrator and each Purchaser Agent pursuant to this  Agreement.  “Weekly Reporting Trigger Event” means that the Servicer’s long-term senior unsecured debt  obligations cease to be rated (i) at least BB- by Standard & Poor’s, and (ii) at least Ba3 by Moody’s, at  any time when the Usage Percentage is more than 75%.  “Weekly Settlement Date” means, at any time after the occurrence and during the continuance of  a Weekly Reporting Trigger Event, Thursday of each week (or if such day is not a Business Day, the next  occurring Business Day).  “Wells Fargo” means Wells Fargo Bank, National Association.  “Yield Period” means, with respect to any Portion of Capital, (i) initially the period commencing  on (and including) the date of the initial purchase or funding of such Portion of Capital and ending on (and  including) the last day of the calendar month of such purchase or funding, and (ii) thereafter, each calendar  month; provided that in the case of any Yield Period for any Portion of Capital which commences before  the Facility Termination Date and would otherwise end on a date occurring after the Facility Termination  Date, such Yield Period shall end on such Facility Termination Date and the duration of each Yield Period  which commences on or after the Facility Termination Date shall be of such duration as shall be selected  by the Administrator (with the consent or at the direction of the applicable Purchaser Agent).  “Yield Protection Fee” means, for any Yield Period, with respect to any Portion of Capital, to the  extent that (i) any payments are made by the Seller to the related Purchaser in respect of such Capital  hereunder prior to the applicable maturity date of any Notes or other instruments or obligations used or  incurred by such Purchaser to fund or maintain such Portion of Capital or (ii) any failure by the Seller to  borrow, continue or prepay any Portion of Capital on the date specified in any Purchase Notice delivered  pursuant to Section 1.2 of this Agreement, the amount, if any, by which: (a) the additional Discount related  to such Portion of Capital that would have accrued through the maturity date of such Notes or other  instruments on the portion thereof for which payments were received from the Seller (or with respect to  which the Seller failed to borrow such amounts), exceeds (b) the income, if any, received by such  Purchaser from investing the proceeds so received in respect of such Portion of Capital, as determined by  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxI-27    the applicable Purchaser Agent, which determination shall be binding and conclusive for all purposes,  absent manifest error.  “Yield Rate” means, as to any Purchaser, LMIR, the Euro-Rate, the Base Rate, the Alternate Rate  or the CP Rate, as applicable.  “Yield Reserve” means, on any date, an amount equal to (a) the sum of the Aggregate Capital plus  the Adjusted LC Participation Amount at the close of business of the Servicer on such date multiplied by  (b)(i) the Yield Reserve Percentage on such date divided by (ii) 1, minus the Yield Reserve Percentage on  such date.  “Yield Reserve Percentage” means, at any time the sum of (a) all accrued and unpaid Discount at  such time, plus (b) the following amount:  {(BR + SFR) x 1.5(DSO) x Aggregate Capital}   360    where:    BR = the Base Rate in effect at such time,  DSO = the Days’ Sales Outstanding, and  SFR = Servicing Fee Rate.  Other Terms. (a) All accounting terms not specifically defined herein shall be construed in  accordance with generally accepted accounting principles. All terms used in Article 9 of the UCC in the  State of New York, and not specifically defined herein, are used herein as defined in such Article 9. Unless  the context otherwise requires, “or” means “and/or,” and “including” (and with correlative meaning  “include” and “includes”) means including without limiting the generality of any description preceding  such term, and (b) any reference in any Transaction Document to any monetary amount (other than an  amount denominated in U.S. dollars) shall mean the U.S. Dollar Equivalent of such monetary amount at  the time of determination thereof.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxII-1    EXHIBIT II  CONDITIONS OF PURCHASES    1. Conditions Precedent to Effectiveness of Amendment of Existing Agreement.  This  Agreement shall become effective as of the First Omnibus Amendment Effective Date when (a) the  Administrator shall have received each of the documents, agreements (in fully executed form), opinions  of counsel, lien search results, UCC filings, certificates and other deliverables required under Omnibus  Amendment No. 1, in each case, in form and substance reasonably acceptable to the Administrator and  (b) all fees and expenses payable by the Seller on the First Omnibus Amendment Effective Date to the  Purchasers have been paid in full in accordance with the terms of the Transaction Documents.  2. Conditions Precedent to All Funded Purchases and Issuance of Letters of Credit. Each  Funded Purchase, including the initial Funded Purchase and issuance of any Letters of Credit shall be  subject to the further conditions precedent that:  (a) in the case of each Funded Purchase and the issuance of any Letters of Credit, the Servicer  shall have delivered to the Administrator and each Purchaser Agent on or before such purchase or  issuance, as the case may be, in form and substance satisfactory to the Administrator and each Purchaser  Agent, a completed pro forma Monthly Report and, if requested following the occurrence and continuation  of a Weekly Reporting Trigger Event, a Weekly Report, to reflect the level of the Aggregate Capital, the  LC Participation Amount and related reserves and the calculation of the Purchased Interest after such  subsequent purchase or issuance, as the case may be, and a completed Purchase Notice in the form of  Annex B (in the case of such purchase) and a completed Letter of Credit Application in the form of Annex  F (in the case of such issuance); and  (b) on the date of such Funded Purchase or issuance, as the case may be, the following  statements shall be true (and acceptance of the proceeds of such Funded Purchase or issuance shall be  deemed a representation and warranty by the Seller that such statements are then true):  (i) the representations and warranties contained in Exhibit III to this Agreement are  true and correct in all material respects on and as of the date of such Funded Purchase or issuance,  as the case may be, as though made on and as of such date except for representations and warranties  which apply as to an earlier date (in which case such representations and warranties shall be true  and correct as of such earlier date);  (ii) no event has occurred and is continuing, or would result from such Funded  Purchase or issuance, as the case may be, that constitutes a Termination Event or an Unmatured  Termination Event;  (iii) the sum of the Aggregate Capital plus the LC Participation Amount, after giving  effect to any such Funded Purchase or issuance, as the case may be, shall not be greater than the  Purchase Limit, and the Purchased Interest shall not exceed 100%; and  (iv) the Facility Termination Date has not occurred.    

 

  III-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   EXHIBIT III  REPRESENTATIONS AND WARRANTIES    1. Representations and Warranties of the Seller. The Seller represents and warrants to the  Administrator, each Purchaser Agent and each Purchaser as of the First Omnibus Amendment Effective  Date that:  (a) Existence and Power. The Seller is a limited liability company duly organized, validly  existing and in good standing under the laws of Delaware, and has all organizational power and all  governmental licenses, authorizations, consents and approvals required to carry on its business in each  jurisdiction in which its business is conducted, except in each case as could not reasonably be expected to  result in a Material Adverse Effect.  (b) Company and Governmental Authorization, Contravention. The execution, delivery and  performance by the Seller of this Agreement and each other Transaction Document to which it is a party  are within the Seller’s organizational powers, have been duly authorized by all necessary organizational  action, require no action by or in respect of, or filing with (other than the filing of UCC financing  statements and continuation statements), any governmental body, agency or official, and, do not  contravene, or constitute a default under, any provision of applicable law or regulation or of the operating  agreement of the Seller or of any agreement, judgment, injunction, order, decree or other instrument  binding upon the Seller or result in the creation or imposition of any lien (other than liens in favor of the  Administrator) on assets of the Seller.  (c) Binding Effect of Agreement. This Agreement and each other Transaction Document to  which it is a party constitutes the legal, valid and binding obligation of the Seller enforceable against the  Seller in accordance with its respective terms, except as such enforceability may be limited by bankruptcy,  insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally  and by general principles of equity, regardless of whether enforceability is considered in a proceeding in  equity or at law.  (d) Accuracy of Information. All written information heretofore furnished by the Servicer to  the Administrator or any Purchaser Agent pursuant to or in connection with this Agreement or any other  Transaction Document (as modified or supplemented by other information so furnished) is, and all such  information hereafter furnished by the Servicer to the Administrator or any Purchaser Agent in writing  pursuant to this Agreement or any Transaction Document (as modified or supplemented by other  information so furnished), when taken as a whole, will be, true and accurate in all material respects on the  date such information is stated or certified; provided, however, that with respect to projected or pro forma  financial information and information of a general economic or industry specific nature, the Seller  represents only that such information has been prepared in good faith based on assumptions believed by  the Seller to be reasonable at the time of preparation.  (e) Actions, Suits. There are no actions, suits or proceedings pending or, to the best of the  Seller’s knowledge, threatened in writing against or affecting the Seller or any of its Affiliates or their  respective properties, in or before any court, arbitrator or other body.  (f) Accuracy of Exhibits; Lock-Box Arrangements. The names and addresses of all the Lock- Box Banks together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are  

 

  III-2  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   specified in Schedule II to this Agreement (or at such other Lock-Box Banks and/or with such other Lock- Box Accounts as have been notified to the Administrator), and all Lock-Box Accounts are subject to Lock- Box Agreements. All information on each Exhibit, Schedule or Annex to this Agreement or the other  Transaction Documents (as updated by the Seller from time to time) is true and complete. The Seller has  delivered a copy of all Lock-Box Agreements to the Administrator. The Seller has not granted any interest  in any Lock-Box Account (or any related lock-box or post office box) to any Person other than the  Administrator and, the Seller has not consented to any Lock-Box Bank’s complying with any instructions  of any Person other than the Administrator.  (g) No Material Adverse Effect. Since the date of formation of Seller as set forth in its  certificate of formation, there has been no Material Adverse Effect.  (h) Names and Location. The Seller has not used any company names, trade names or assumed  names other than its name set forth on the signature pages of this Agreement. The Seller is “located” (as  such term is defined in the applicable UCC) in Delaware. The office where the Seller keeps its records  concerning the Receivables is at the address set forth below its signature to this Agreement.  (i) Margin Stock. The Seller is not engaged in the business of extending credit for the purpose  of purchasing or carrying margin stock (within the meaning of Regulations T, U and X, as issued by the  Board of Governors of the Federal Reserve System), and no proceeds of any Purchase will be used to  purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying  any margin stock.  (j) Eligible Receivables. Each Pool Receivable included as an Eligible Receivable in the  calculation of the Net Receivables Pool Balance as of any date on which an Information Package is  delivered is an Eligible Receivable on such date.  (k) Credit and Collection Policy. The Seller has complied in all material respects with the  Credit and Collection Policy of each Originator with regard to each Receivable originated by such  Originator.  (l) Investment Company Act; Not a Covered Fund. The Seller is not an “investment  company,” or a company “controlled” by an “investment company,” within the meaning of the Investment  Company Act of 1940, as amended. The Seller is not a “covered fund” under Section 619 of the Dodd- Frank Wall Street Reform and Consumer Protection Act and the regulations implemented thereunder (the  “Volcker Rule”). In determining that the Seller is not a “covered fund” under the Volcker Rule, the Seller  is entitled to rely on the exemption from the definition of “investment company” set forth in Section  3(c)(5)(A) or (B) of the Investment Company Act of 1940, as amended.  (m) No Covered Entity is a Sanctioned Person. No Covered Entity, either in its own right or  through any third party, (i) has any of its assets in a Sanctioned Country or in the possession, custody or  control of a Sanctioned Person in violation of any Anti-Terrorism Law; (ii) does business in or with, or  derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned  Person in violation of any Anti-Terrorism Law; or (iii)engages in any dealings or transactions prohibited  by any Anti-Terrorism Law.  (n) Liquidity Coverage Ratio. The Seller has not issued any LCR Securities, and the Seller is  a consolidated subsidiary of Cooper Tire under GAAP.  

 

  III-3  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   (o) [Reserved].    (p) Taxes. The Seller has (i) timely filed all tax returns (federal, state and local) required to be  filed by it and (ii) paid, or caused to be paid, all taxes, assessments and other governmental charges, if  any, in each case, other than (A) taxes, assessments and other governmental charges being contested in  good faith by appropriate proceedings and as to which adequate reserves have been provided in accordance  with GAAP or (B) to the extent that the failure to do so could not reasonably be expected to result in a  Material Adverse Effect.  (q) Tax Status. The Seller (i) is, and shall at all relevant times continue to be, a “disregarded  entity” within the meaning of U.S. Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes  that is wholly owned by a “United States person” (within the meaning of Section 7701(a)(30) of the Code)  and (ii) is not and will not at any relevant time become an association (or publicly traded partnership)  taxable as an association for U.S. federal income tax purposes.  (r) Beneficial Ownership Rule.  The Seller is an entity that is organized under the laws of the  United States or of any state thereof and at least 51 percent of whose common stock or analogous equity  interest is owned by a Person whose common stock or analogous equity interests are listed on the New  York Stock Exchange or the American Stock Exchange or has been designated as a NASDAQ National  Market Security listed on the NASDAQ stock exchange and is excluded on that basis from the definition  of “Legal Entity Customer” as defined in the Beneficial Ownership Rule.  2. Representations and Warranties of the Servicer. The Servicer represents and warrants to  the Administrator, each Purchaser Agent and each Purchaser as of the First Omnibus Amendment  Effective Date that:  (a) Existence and Power. The Servicer is a corporation duly organized, validly existing and in  good standing under the laws of its state of organization, and has all company power and all governmental  licenses, authorizations, consents and approvals required to carry on its business in each jurisdiction in  which its business is conducted, except in each case as could not reasonably be expected to result in a  Material Adverse Effect.  (b) Company and Governmental Authorization, Contravention. The execution, delivery and  performance by the Servicer of this Agreement and each other Transaction Document to which it is a party  are within the Servicer’s organizational powers, have been duly authorized by all necessary organizational  action, require no action by or in respect of, or filing with, any governmental body, agency or official  other than filings and disclosures made under securities laws, and do not contravene, or constitute a default  under, any provision of applicable law or regulation or of the Certificate of Incorporation of the Servicer  or of any judgment, injunction, order or decree or agreement or other instrument binding upon the Servicer  or result in the creation or imposition of any lien on assets of the Servicer or any of its Subsidiaries, except  in each case as could not reasonably be expected to result in a Material Adverse Effect.  (c) Binding Effect of Agreement. This Agreement and each other Transaction Document to  which it is a party constitutes the legal, valid and binding obligation of the Servicer enforceable against  the Servicer in accordance with its terms, except as such enforceability may be limited by bankruptcy,  insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally  

 

  III-4  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   and by general principles of equity, regardless of whether enforceability is considered in a proceeding in  equity or at law.  (d) Accuracy of Information. All written information heretofore furnished by the Servicer to  the Administrator or any Purchaser Agent pursuant to or in connection with this Agreement or any other  Transaction Document (as modified or supplemented by other information so furnished) is, and all such  information hereafter furnished by the Servicer to the Administrator or any Purchaser Agent in writing  pursuant to this Agreement or any Transaction Document (as modified or supplemented by other  information so furnished), when taken as a whole, will be, true and accurate in all material respects on the  date such information is stated or certified; provided, however, that with respect to projected or pro forma  financial information and information of a general economic or industry specific nature, the Servicer  represents only that such information has been prepared in good faith based on assumptions believed by  the Servicer to be reasonable at the time of preparation.  (e) Actions, Suits. Except as set forth in Schedule IV, there are no actions, suits or proceedings  pending or, to the best of the Servicer’s knowledge, threatened in writing against or affecting the Servicer  or any of its Affiliates or their respective properties, in or before any court, arbitrator or other body, which  could reasonably be expected to have a Material Adverse Effect upon the ability of the Servicer (or such  Affiliate) to perform its obligations under this Agreement or any other Transaction Document to which it  is a party.  (f) No Material Adverse Effect. Since the date of the financial statements described in Section  2(i) below, there has been no Material Adverse Effect.  (g) Credit and Collection Policy. The Servicer has complied in all material respects with the  Credit and Collection Policy of each Originator with regard to each Receivable originated by such  Originator.  (h) Investment Company Act. The Servicer is not an “investment company,” or a company  “controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940,  as amended.  (i) Financial Information. The balance sheets of Cooper Tire and its consolidated Subsidiaries  as at December 31, 2019, and the related statements of income and retained earnings for the fiscal year  then ended, copies of which have been furnished to the Administrator and each Purchaser Agent, fairly  present in all material respects the financial condition of Cooper Tire and its consolidated Subsidiaries as  at such date and the results of the operations of Cooper Tire and its Subsidiaries for the period ended on  such date, all in accordance with generally accepted accounting principles consistently applied.  (j) No Covered Entity is a Sanctioned Person. No Covered Entity, either in its own right or  through any third party, (i) has any of its assets in a Sanctioned Country or in the possession, custody or  control of a Sanctioned Person in violation of any Anti-Terrorism Law; (ii) does business in or with, or  derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned  Person in violation of any Anti-Terrorism Law; or (iii)engages in any dealings or transactions prohibited  by any Anti-Terrorism Law.  (k) [Reserved].  

 

  III-5  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   (l) Taxes. The Servicer has (i) timely filed all tax returns (federal, state and local) required to  be filed by it and (ii) paid, or caused to be paid, all taxes, assessments and other governmental charges, if  any, in each case, other than (A) taxes, assessments and other governmental charges being contested in  good faith by appropriate proceedings and as to which adequate reserves have been provided in accordance  with GAAP or (B) to the extent that the failure to do so could not reasonably be expected to result in a  Material Adverse Effect.  3. Representations, Warranties and Agreements Relating to the Security Interest. The Seller  hereby makes the following representations, warranties and agreements with respect to the Receivables  and Related Security:  (a) The Receivables.   (i) Creation. This Agreement creates a valid and continuing security interest (as  defined in the applicable UCC) in the Receivables included in the Receivables Pool in favor of the  Administrator (for the benefit of the Purchasers), which security interest is prior to all other  Adverse Claims, and is enforceable as such as against creditors of and purchasers from the Seller.  (ii) Nature of Receivables. The Receivables included in the Receivables Pool constitute  either “accounts”, “general intangibles” or “tangible chattel paper” within the meaning of the  applicable UCC.  (iii) Ownership of Receivables. The Seller owns and has good and marketable title to  the Receivables included in the Receivables Pool and Related Security free and clear of any  Adverse Claim.  (iv) Perfection and Related Security. The Seller has caused the filing of all appropriate  financing statements in the proper filing office in the appropriate jurisdictions under applicable  law in order to perfect the sale of the Receivables and Related Security from each Originator to  the Seller pursuant to the Sale Agreement, and the sale and security interest therein from the Seller  to the Administrator under this Agreement, to the extent that such collateral constitutes “accounts,”  “general intangibles,” or “tangible chattel paper.”  (v) Tangible Chattel Paper. With respect to any Receivables included in the  Receivables Pool that constitute “tangible chattel paper”, if any, the Seller (or the Servicer on its  behalf) has in its possession the original copies of such tangible chattel paper that constitute or  evidence such Receivables, and the Seller has caused (and will cause the applicable Originator to  cause), within ten days after the First Omnibus Amendment Effective Date, the filing of financing  statements described in clause (iv), above, each of which will contain a statement that: “A purchase  of, or security interest in, any collateral described in this financing statement will violate the rights  of the Administrator.” The Receivables to the extent they are evidenced by “tangible chattel paper”  do not have any marks or notations indicating that they have been pledged, assigned or otherwise  conveyed to any Person other than the Seller or the Administrator.  (b) The Collection Account.   (i) Nature of Account. Each Lock-Box Account constitutes a “deposit account” within  the meaning of the applicable UCC.  

 

  III-6  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   (ii) Ownership. The Seller owns and has good and marketable title to the Lock-Box  Accounts and Collection Account free and clear of any Adverse Claim.  (iii) Perfection. The Seller has delivered to the Administrator a fully executed Lock- Box Agreement relating to each Lock-Box Account, pursuant to which each applicable Lock-Box  Bank, respectively, has agreed, following the occurrence and continuation of a Termination Event,  to comply with all instructions originated by the Administrator (on behalf of the Purchasers)  directing the disposition of funds in such Lock-Box Account without further consent by the Seller  or the Servicer.  (c) Priority.  (i) Other than the transfer of the Receivables to the Seller and the Administrator under  the Sale Agreement and this Agreement, respectively, and/or the security interest granted to the  Seller and the Administrator pursuant to the Sale Agreement and this Agreement, respectively,  neither the Seller nor any Originator has pledged, assigned, sold, granted a security interest in, or  otherwise conveyed any of the Receivables transferred or purported to be transferred under the  Transaction Documents, the Lock-Box Accounts or any subaccount thereof, except for any such  pledge, grant or other conveyance which has been released or terminated. Neither the Seller nor  any Originator has authorized the filing of, or is aware of any financing statements against either  the Seller or such Originator that include a description of Receivables transferred or purported to  be transferred under the Transaction Documents, the Lock-Box Accounts or any subaccount  thereof, other than any financing statement (i) relating to the sale thereof by such Originator to the  Seller under the Sale Agreement, (ii) relating to the security interest granted to the Administrator  under this Agreement, or (iii) that has been released or terminated.  (ii) The Seller is not aware of any judgment, ERISA or tax lien filings against either  the Seller, the Servicer or any Originator.  (iii) The Lock-Box Accounts are not in the name of any person other than the Seller or  the Administrator. Neither the Seller nor the Servicer has consented to any bank maintaining such  account to comply with instructions of any person other than the Administrator.  (d) Survival of Supplemental Representations. Notwithstanding any other provision of this  Agreement or any other Transaction Document, the representations contained in this Section shall be  continuing, and remain in full force and effect until such time as the Purchased Interest and all other  obligations under this Agreement have been finally and fully paid and performed.  (e) No Waiver. To the extent required pursuant to the securitization program of any Conduit  Purchaser, the parties to this Agreement: (i) shall not, without obtaining a confirmation of the then-current  rating of the Notes, waive any of the representations set forth in this Section; (ii) shall provide the Ratings  Agencies with prompt written notice of any breach of any representations set forth in this Section, and  shall not, without obtaining a confirmation of the then-current rating of the Notes (as determined after any  adjustment or withdrawal of the ratings following notice of such breach) waive a breach of any of the  representations set forth in this Section.  (f) Servicer to Maintain Perfection and Priority. In order to evidence the interests of the  Administrator under this Agreement, the Servicer shall, from time to time take such action, or execute and  

 

  III-7  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   deliver such instruments as may be necessary (including, without limitation, such actions as are reasonably  requested by the Administrator or any Purchaser Agent) to maintain and perfect, as a first-priority interest,  the Administrator’s security interest in the Receivables, Related Security and Collections. The Servicer  shall, from time to time and within the time limits established by law, prepare and present to the  Administrator for the Administrator’s authorization and approval, all financing statements, amendments,  continuations or initial financing statements in lieu of a continuation statement, or other filings necessary  to continue, maintain and perfect the Administrator’s security interest as a first-priority interest. The  Administrator’s approval of such filings shall authorize the Servicer to file such financing statements  under the UCC without the signature of the Seller, any Originator or the Administrator where allowed by  applicable law. Notwithstanding anything else in the Transaction Documents to the contrary, the Servicer  shall not have any authority to file a termination, partial termination, release, partial release, or any  amendment that deletes the name of a debtor or excludes collateral of any such financing statements,  without the prior written consent of the Administrator and each Purchaser Agent.  4. Reaffirmation of Representations and Warranties. On the date of each Purchase and/or  reinvestment hereunder, and on the date each Information Package or other report is delivered to the  Administrator, any Purchaser Agent or any Purchaser hereunder, the Seller and the Servicer, by accepting  the proceeds of such Purchase or reinvestment and/or the provision of such information or report, shall  each be deemed to have certified that (i) all representations and warranties of the Seller and the Servicer,  as applicable, described in this Exhibit III, as from time to time amended in accordance with the terms  hereof, are correct on and as of such day as though made on and as of such day, except for representations  and warranties which apply as to an earlier date (in which case such representations and warranties shall  be true and correct as of such date), and (ii) no event has occurred or is continuing, or would result from  any such Purchase, which constitutes a Termination Event or an Unmatured Termination Event.        

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-1    EXHIBIT IV  COVENANTS    1. Covenants of the Seller. At all times from the First Omnibus Amendment Effective Date  until the Final Payout Date:  (a) Financial Reporting.  The Seller will maintain a system of accounting established and  administered in accordance with generally accepted accounting principles as in effect in the appropriate  jurisdiction, and the Seller (or the Servicer on its behalf) shall furnish to the Administrator and each  Purchaser Agent:  (i) Annual Reporting. On each date on which the Servicer is required to deliver its  annual financial statements under Section 2(a)(i) of this Exhibit IV, annual unaudited financial  statements of the Seller certified by a designated financial or other officer of the Seller.  (ii) Information Packages.  As soon as available and in any event not later than two  Business Days prior to the Monthly Settlement Date, a Monthly Report as of the most recently  completed calendar month, and, if requested on not less than five (5) Business Days’ notice to the  Servicer following the occurrence of a Weekly Reporting Trigger Event and during its  continuation, a Weekly Report as of the immediately preceding Friday to reflect the level of the  Aggregate Capital, as soon as available and in any event not later than one Business Day prior to  the corresponding Weekly Settlement Date.  (iii) Other Information.  Such other information (including non-financial information)  as the Administrator or any Purchaser Agent may from time to time reasonably request, including,  without limitation, information and documentation to enable the Administrator of any Purchaser  Agent to comply with the Beneficial Ownership Rule and other applicable “know your customer”  and anti-money laundering rules and regulations, including the PATRIOT Act.  Promptly  following any change that would result in a change to the status of the Seller as an excluded “Legal  Entity Customer” under the Beneficial Ownership Rule, the Seller shall execute and deliver to the  Administrator for delivery to each of the Purchaser Agents, a “Certification of Beneficial  Owner(s)” complying with the Beneficial Ownership Rule, in form and substance reasonably  acceptable to the Administrator.  (b) Notices. The Seller will notify the Administrator and each Purchaser Agent in writing of  any of the following events promptly upon (but in no event later than three Business Days after) a financial  or other officer learning of the occurrence thereof, with such notice describing the same, and if applicable,  the steps being taken by the Person(s) affected with respect thereto:  (i) Notice of Termination Events or Unmatured Termination Events.  A statement of  the chief financial officer or chief accounting officer of the Seller setting forth details of any  Termination Event or Unmatured Termination Event and the action which the Seller proposes to  take with respect thereto.  (ii) Representations and Warranties.  The failure of any representation or warranty to  be true (when made) with respect to the Receivables included in the Receivables Pool.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-2    (iii) Litigation.  The institution of any litigation, arbitration proceeding or governmental  proceeding which may have a Material Adverse Effect.  (iv) Adverse Claim.  (A) Any Person shall obtain an Adverse Claim upon the Pool  Receivables or Collections with respect thereto, (B) any Person other than the Seller, the Servicer  or the Administrator shall obtain any rights or direct any action with respect to any Lock-Box  Account (or related lock-box or post office box) or (C) any Obligor shall receive any change in  payment instructions with respect to Pool Receivable(s) from a Person other than the Servicer or  the Administrator.  (v) ERISA and Other Claims.  Promptly after the filing or receiving thereof, copies of  all reports and notices that the Seller or any ERISA Affiliate files under ERISA with the Internal  Revenue Service, the Pension Benefit Guaranty Corporation or the U.S. Department of Labor or  that the Seller or any Affiliate receives from any of the foregoing or from any multiemployer plan  (within the meaning of Section 4001(a)(3) of ERISA) to which the Seller or any of its Affiliates is  or was, within the preceding five years, a contributing employer, in each case in respect of any  Reportable Event (as defined in ERISA) that could, in the aggregate, result in the imposition of  liability on the Seller and/or any such Affiliate.  (c) Maintenance of Existence.  The Seller will do all things necessary to remain duly  organized, validly existing and in good standing as a domestic organization in its jurisdiction of  organization and maintain all requisite authority to conduct its business in each jurisdiction in which its  business is conducted if the failure to have such authority could reasonably be expected to have a Material  Adverse Effect.  (d) Compliance with Laws.  The Seller will comply with all laws, rules, regulations, orders,  writs, judgments, injunctions, decrees or awards to which it may be subject if the failure to comply could  reasonably be expected to have a Material Adverse Effect.  (e) Furnishing of Information and Inspection of Receivables.  The Seller will furnish to the  Administrator and each Purchaser Agent from time to time such information with respect to the Pool  Receivables as the Administrator or such Purchaser Agent may reasonably request; provided, that the  preceding shall not obligate the Seller to deliver Information Packages more frequently than as set forth  in clause(a)(ii) above. The Seller will, at the Seller’s expense, at any time and from time to time during  regular business hours with prior written notice (i) permit the Administrator or any Purchaser Agent, or  their respective agents or representatives (so long as such Persons agree to agrees to comply with Seller’s  reasonable security measures and visitation guidelines), (A) to examine and make copies of and abstracts  from all books and records relating to the Pool Receivables or other Pool Assets and (B) to visit the offices  and properties of the Seller for the purpose of examining such books and records, and to discuss matters  relating to the Pool Receivables, other Pool Assets or the Seller’s performance hereunder or under the  other Transaction Documents to which it is a party with any of the officers, directors, employees or  independent public accountants of the Seller (provided that representatives of the Seller are present during  such discussions) having knowledge of such matters and (ii) without limiting the provisions of clause (i)  above, from time to time during regular business hours, at the Seller’s expense, upon reasonable prior  written notice from the Administrator and the Purchaser Agents, permit certified public accountants or  other auditors acceptable to the Administrator (so long as such Persons agree to agrees to comply with  Seller’s reasonable security measures and visitation guidelines) to conduct a review of its books and  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-3    records with respect to the Pool Receivables; provided that unless a Termination Event has occurred and  is continuing, the first such review in any twelve-month period results in negative findings, or the  Information Packages delivered have revealed a material variance from historic Pool Receivables  performance, the Seller and its Affiliates shall be required to reimburse the Administrator and Purchaser  Agents, together, for their out-of-pocket expenses of only one (1) such review in any twelve-month period.  pursuant to this Section or any equivalent Sections under this Agreement and the Transaction Documents   (f) Payments on Receivables, Accounts.  The Seller will, and will cause each Originator to, at  all times instruct all Obligors to deliver payments on the Pool Receivables to a Lock-Box Account. If any  such payments or other Collections are received by the Seller or an Originator, it shall hold such payments  in trust for the benefit of the Administrator and the Purchasers and promptly (but in any event within two  Business Days after receipt) remit such funds into a Lock-Box Account. The Seller will cause each Lock- Box Bank to comply with the terms of each applicable Lock-Box Agreement.  The Seller will not permit  the funds other than Collections on Pool Receivables and other Pool Assets to be deposited into any Lock- Box Account (other than the Pep Boys Collections). If any other funds are nevertheless deposited into any  Lock-Box Account, the Seller will promptly identify such funds for segregation.  The Seller shall at all  times maintain or cause to be maintained such documents, books, records and other information necessary  or advisable to (i) on a prompt basis identify Collections of Pool Receivables received from time to time,  (ii) on a prompt basis identify Pep Boys Collections received from time to time and the Pep Boys  Receivable to which each portion of Pep Boys Collections relate.  The Seller will not, and will not permit  the Servicer, any Originator or other Person to, commingle Collections or other funds to which the  Administrator, any Purchaser Agent or any Purchaser is entitled with any other funds (other than the Pep  Boys Collections). The Seller shall only add, and shall only permit an Originator to add, a Lock-Box Bank  (or the related lock-box or post office box), or Lock-Box Account to those listed on Schedule II to this  Agreement, if the Administrator has received notice of such addition, a copy of any new Lock-Box  Agreement and an executed and acknowledged copy of a Lock-Box Agreement in form and substance  acceptable to the Administrator from any such new Lock-Box Bank.  The Seller shall only terminate a  Lock-Box Bank or close a Lock-Box Account (or the related lock-box or post office box), upon 30 days’  advance notice to the Administrator.  (g) Sales, Liens, etc. Except as otherwise provided herein, the Seller will not sell, assign (by  operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon  (including, without limitation, the filing of any financing statement) or with respect to, any Pool  Receivable or other Pool Asset, or assign any right to receive income in respect thereof.  (h) Extension or Amendment of Pool Receivables.  Except as otherwise permitted in Section  4.2 of this Agreement, the Seller will not extend, amend or otherwise modify the terms of any Pool  Receivable, or amend, modify or waive any term or condition of any Contract related thereto, without the  prior written consent of the Administrator and the Majority Purchaser Agents. The Seller shall at its  expense, timely and fully perform and comply with all material provisions, covenants and other promises  required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully  comply in all material respects with the Credit and Collection Policy with regard to each Receivable and  the related Contract.  (i) No Change of Business.  The Seller will not make any change in the character of its  business without the prior written consent of the Administrator and the Majority Purchaser Agents.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-4    (j) Fundamental Changes. The Seller shall not, without the prior written consent of the  Administrator and the Majority Purchaser Agents, permit itself (i) to merge or consolidate with or into, or  convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions)  all or substantially all of its assets (whether now owned or hereafter acquired) to, any Person or (ii) to be  owned by any Person other than Cooper Tire and thereby cause Cooper Tire’s percentage of ownership or  control of the Seller to be reduced. The Seller shall provide the Administrator and each Purchaser Agent  with at least 30 days’ prior written notice before making any change in the Seller’s name, location or  making any other change in the Seller’s identity or corporate structure that could impair or otherwise  render any UCC financing statement filed in connection with this Agreement “seriously misleading” as  such term (or similar term) is used in the applicable UCC; each notice to the Administrator and the  Purchaser Agents pursuant to this sentence shall set forth the applicable change and the proposed effective  date thereof. The Seller will also maintain and implement (or cause the Servicer to maintain and  implement) administrative and operating procedures (including an ability to recreate records evidencing  Pool Receivables and related Contracts in the event of the destruction of the originals thereof), and keep  and maintain (or cause the Servicer to keep and maintain) all documents, books, records, computer tapes  and disks and other information reasonably necessary or advisable for the collection of all Pool  Receivables (including records adequate to permit the daily identification of each Pool Receivable and all  Collections of and adjustments to each existing Pool Receivable).  (k) Change in Payment Instructions to Obligors. The Seller shall not (and shall cause the  Originators not to) add to, replace or terminate any of the Lock-Box Accounts (or any related lock-box or  post office box) listed in Schedule II hereto or make any change in its (or their) instructions to the Obligors  regarding payments to be made to the Lock-Box Accounts (or any related lock-box or post office box),  unless the Administrator and each Purchaser Agent shall have received (x) prior written notice of such  addition, termination or change and (y) signed and acknowledged Lock-Box Agreements with respect to  such new Lock-Box Accounts (or any related lock-box or post office box).  (l) Ownership Interest, Etc. The Seller shall (and shall cause the Servicer to), at its expense,  take all action necessary or desirable to establish and maintain a valid and enforceable undivided  percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables,  the Related Security and Collections with respect thereto, and a first priority perfected security interest in  the Pool Assets, in each case free and clear of any Adverse Claim, in favor of the Administrator (on behalf  of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of  the Administrator (on behalf of the Purchasers) as the Administrator or any Purchaser Agent, may  reasonably request.  (m) Certain Agreements. Without the prior written consent of the Administrator and the  Majority Purchaser Agents, the Seller will not amend, modify, waive, revoke or terminate any Transaction  Document to which it is a party or any provision of the Seller’s organizational documents which requires  the consent of the “Independent Member” (as defined in the Seller’s operating agreement); provided the  Administrator and the Majority Purchaser Agents consent to the Amended and Restated Limited Liability  Agreement of the Seller dated the First Omnibus Amendment Effective Date.  (n) Restricted Payments. (i) Except pursuant to clause (ii) below, the Seller will not: (A)  purchase or redeem any shares of its capital stock, (B) declare or pay any dividend or set aside any funds  for any such purpose, (C) prepay, purchase or redeem any Debt, (D) lend or advance any funds or (E)  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-5    repay any loans or advances to, for or from any of its Affiliates (the amounts described in clauses (A)  through (E) being referred to as “Restricted Payments”).  (i) Subject to the limitations set forth in clause (ii) below, the Seller may make  Restricted Payments so long as such Restricted Payments are made only in one or more of the  following ways: (A) the Seller may make cash payments (including prepayments) on the Company  Notes in accordance with their respective terms, and (B) the Seller may declare and pay dividends,  if both immediately before and immediately after giving effect thereto, the Tangible Net Worth of  the Seller would be less than $10,000,000.  (ii) The Seller may make Restricted Payments only out of the funds, if any, it receives  pursuant to Sections 1.4(b)(ii) and (iv) and 1.4(c) of this Agreement. Furthermore, the Seller shall  not pay, make or declare: (A) any dividend if, after giving effect thereto, the Tangible Net Worth  of the Seller would be less than $10,000,000, or (B) any Restricted Payment (including any  dividend) if, after giving effect thereto, any Termination Event or Unmatured Termination Event  shall have occurred and be continuing.  (o) Other Business. The Seller will not: (i) engage in any business other than the transactions  contemplated by the Transaction Documents, (ii) create, incur or permit to exist any Debt of any kind (or  cause or permit to be issued for its account any letters of credit or bankers’ acceptances) other than  pursuant to this Agreement or the Company Notes, or (iii) form any Subsidiary or make any investments  in any other Person; provided, however, that the Seller shall be permitted to incur minimal obligations to  the extent necessary for the day-to-day operations of the Seller (such as expenses for stationery, audits,  maintenance of legal status, etc.).  (p) Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections  to make payments in the following order of priority: (i) the payment of its expenses (including all  obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement  and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the  Company Note and (iii) other legal and valid corporate purposes.  (q) Tangible Net Worth. The Seller will not permit its Tangible Net Worth, at any time, to be  less than $10,000,000.  (r) Anti-Money Laundering/International Trade Law Compliance. The Seller will not become  a Sanctioned Person. No Covered Entity, either in its own right or through any third party, will (i) have  any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person  in violation of any Anti-Terrorism Law; (ii) do business in or with, or derive any of its income from  investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any  Anti-Terrorism Law; (iii) engage in any dealings or transactions prohibited by any Anti-Terrorism Law  or (iv) use the proceeds of any Purchase to fund any operations in, finance any investments or activities  in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti- Terrorism Law. The funds used to repay each Purchase will not be derived from any unlawful activity.  The Seller shall comply with all Anti-Terrorism Laws. The Seller shall promptly notify the Administrator  in writing upon the occurrence of a Reportable Compliance Event. The Seller has not used and will not  use the proceeds of any Purchase to fund any operations in, finance any investments or activities in or  make any payments to, a Sanctioned Person or a Sanctioned Country.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-6    (s) [Reserved].  (t) Seller’s Tax Status. The Seller will remain a “disregarded entity” within the meaning of  U.S. Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes that is wholly owned by a  “United States person” (within the meaning of Section 7701(a)(30) of the Code). No action will be taken  that would cause the Seller to (i) be treated other than as a “disregarded entity” within the meaning of U.S.  Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes that is wholly owned by a “United  States person” (within the meaning of Section 7701(a)(30) of the Code) or (ii) become an association  taxable as a corporation or a publicly traded partnership taxable as a corporation for U.S. federal income  tax purposes.  2. Covenants of the Servicer. At all times from the First Omnibus Amendment Effective Date  until the Final Payout Date:  (a) Financial Reporting. The Servicer will maintain a system of accounting established and  administered in accordance with generally accepted accounting principles as in effect in the appropriate  jurisdiction, and the Servicer shall furnish to the Administrator and each Purchaser Agent:  (i) Annual Reporting. Promptly upon completion and in no event later than 90 days  after the close of each fiscal year of Cooper Tire (or such later date as may be permitted to be  delivered under Cooper Tire’s Credit Agreement and by the Securities Exchange Commission),  annual audited financial statements of Cooper Tire and its consolidated subsidiaries certified by  an accounting firm of nationally recognized standing or otherwise reasonably acceptable to the  Administrator and each such Purchaser Agent, prepared in accordance with generally accepted  accounting principles, including consolidated balance sheets as of the end of such period,  consolidated statements of income, related profit and loss and reconciliation of surplus statements,  and a statement of changes in financial position.  (ii) Quarterly Reporting. Promptly upon completion and in no event later than 45 days  after the close of the first three financial quarters of Cooper Tire (or such later date as may be  permitted to be delivered under Cooper Tire’s Credit Agreement and by the Securities Exchange  Commission), unaudited financial statements of Cooper Tire certified by a designated financial  officer of Cooper Tire prepared in accordance with generally accepted accounting principles,  including consolidated balance sheets of Cooper Tire as of the end of such period and related profit  and loss and reconciliation of surplus statements.  (iii) Deemed Delivery.  The Servicer shall be deemed to have furnished to the  Administrator and the Purchaser Agents the financial statements required to be delivered pursuant  to Sections 2(a)(i) and (ii) upon (A) the filing of such financial statements by the Servicer through  the Securities and Exchange Commission’s EDGAR system (or any successor electronic gathering  system) or the publication by the Servicer of such financial statements on its website, so long as  such system or website is publicly available; provided that, at the request of the Administrator or  any Purchaser Agent, the Servicer shall promptly deliver electronic or paper copies of such filings,  together all accompanying exhibits, attachments, calculations, or other supporting documentation  included with such filing.  Information required to be delivered pursuant to this Section 2(a) may  also be delivered by electronic communications pursuant to procedures approved by the  Administrator.  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-7    (iv) Information Packages.  As soon as available and in any event not later than two  Business Days prior to the Monthly Settlement Date, a Monthly Report as of the most recently  completed calendar month, and, if requested on not less than five (5) Business Days’ notice to the  Servicer following the occurrence and during the continuance of a Weekly Reporting Trigger  Event, a Weekly Report as of the immediately preceding Friday to reflect the level of the  Aggregate Capital, as soon as available and in any event not later than one Business Day prior to  the corresponding Weekly Settlement Date.  (v) Other Information. Such other information (including non-financial information  and, without limitation, copies of compliance certificates delivered under Cooper Tire’s Credit  Agreement) as the Administrator or any Purchaser Agent may from time to time reasonably  request.  (b) Notices. The Servicer will notify the Administrator and each Purchaser Agent in writing of  any of the following events promptly upon (but in no event later than three Business Days after) a financial  or other officer learning of the occurrence thereof, with such notice describing the same, and if applicable,  the steps being taken by the Person(s) affected with respect thereto:  (i) Notice of Termination Events or Unmatured Termination Events. A statement of  the chief financial officer or chief accounting officer of the Servicer setting forth details of any  Termination Event or Unmatured Termination Event and the action which the Servicer proposes  to take with respect thereto.  (ii) Representations and Warranties. The failure of any representation or warranty to  be true (when made) with respect to the Pool Receivables.  (iii) Litigation. The institution of any litigation, arbitration proceeding or governmental  proceeding which could reasonably be expected to have a Material Adverse Effect.  (iv) Adverse Claim. (A) Any Person shall obtain an Adverse Claim upon the Pool  Receivables or Collections with respect thereto, (B) any Person other than the Seller, the Servicer  or the Administrator shall obtain any rights or direct any action with respect to any Lock Box  Account (or related lock-box or post office box) or (C) any Obligor shall receive any change in  payment instructions with respect to Pool Receivable(s) from a Person other than the Servicer or  the Administrator.  (c) Maintenance of Existence. The Servicer will do all things necessary to remain duly  incorporated, validly existing and in good standing as a domestic corporation in its jurisdiction of  incorporation and maintain all requisite authority to conduct its business in each jurisdiction in which its  business is conducted if the failure to have such authority could reasonably be expected to have a Material  Adverse Effect.  (d) Compliance with Laws. The Servicer will comply with all laws, rules, regulations, orders,  writs, judgments, injunctions, decrees or awards to which it may be subject if the failure to comply could  reasonably be expected to have a Material Adverse Effect.  (e) Furnishing of Information and Inspection of Receivables. The Servicer will furnish to the  Administrator and each Purchaser Agent from time to time such information with respect to the Pool  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-8    Receivables as the Administrator or such Purchaser Agent may reasonably request, provided that the  preceding shall not obligate the Seller to deliver Information Packages more frequently than as set forth  in clause(a)(iv) above. The Servicer will, at the Servicer’s expense, at any time and from time to time  during regular business hours with prior written notice (i) permit the Administrator or any Purchaser  Agent, or their respective agents or representatives (so long as such Persons agree to agrees to comply  with Servicer’s reasonable security measures and visitation guidelines), (A) to examine and make copies  of and abstracts from all books and records relating to the Pool Receivables or other Pool Assets and (B)  to visit the offices and properties of the Servicer for the purpose of examining such books and records,  and to discuss matters relating to the Pool Receivables, other Pool Assets or the Servicer’s performance  hereunder or under the other Transaction Documents to which it is a party with any of the officers,  directors, employees or independent public accountants of the Servicer (provided that representatives of  the Servicer are present during such discussions) having knowledge of such matters and (ii) without  limiting the provisions of clause (i) above, during regular business hours, at the Servicer’s expense, upon  reasonable prior written notice from the Administrator, permit certified public accountants or other  auditors acceptable to the Administrator and the Purchaser Agents (so long as such Persons agree to agrees  to comply with Servicer’s reasonable security measures and visitation guidelines) to conduct, a review of  its books and records with respect to the Pool Receivables; provided that unless a Termination Event has  occurred and is continuing, the first such review in any twelve-month period results in negative findings,  or the Information Packages delivered have revealed a material variance from historic Pool Receivables  performance, the Servicer and its Affiliates shall be required to reimburse the Administrator and Purchaser  Agents, together, for their out-of-pocket expenses of only one (1) such review in any twelve-month period  pursuant to this Section or any equivalent Sections under this Agreement and the Transaction Documents.  (f) Payments on Receivables, Accounts. The Servicer will at all times instruct all Obligors to  deliver payments on the Pool Receivables to a Lock-Box Account. If any such payments or other  Collections are received by the Servicer, it shall hold such payments in trust for the benefit of the  Administrator and the Purchasers and promptly (but in any event within two Business Days after receipt)  remit such funds into a Lock-Box Account. The Servicer will cause each Lock-Box Bank to comply with  the terms of each applicable Lock-Box Agreement.  The Servicer will not permit the funds other than  Collections on Pool Receivables and other Pool Assets to be deposited into any Lock-Box Account (other  than the Pep Boys Collections). If such other funds are nevertheless deposited into any Lock-Box Account,  the Servicer will promptly identify such funds for segregation.  The Servicer shall at all times maintain or  cause to be maintained such documents, books, records and other information necessary or advisable to  (i) on a prompt basis identify Collections of Pool Receivables received from time to time, (ii) on a prompt  basis identify Pep Boys Collections received from time to time and the Pep Boys Receivable to which  each portion of Pep Boys Collections relate.  The Servicer will not commingle Collections or other funds  to which the Administrator, any Purchaser Agent or any Purchaser is entitled with any other funds (other  than the Pep Boys Collections). The Servicer shall only add, a Lock-Box Bank (or the related lock-box or  post office box), or Lock-Box Account to those listed on Schedule II to this Agreement, if the  Administrator has received notice of such addition, a copy of any new Lock-Box Agreement and an  executed and acknowledged copy of a Lock-Box Agreement in form and substance acceptable to the  Administrator from any such new Lock-Box Bank. The Servicer shall only terminate a Lock-Box Bank  or close a Lock-Box Account (or the related lock-box or post office box), upon 30 days’ advance notice  to the Administrator.  (g) Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section  4.2 of this Agreement, the Servicer will not extend, amend or otherwise modify the terms of any Pool  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-9    Receivable, or amend, modify or waive any term or condition of any Contract related thereto, without the  prior written consent of the Administrator and the Majority Purchaser Agents. The Servicer shall at its  expense, timely and fully perform and comply with all material provisions, covenants and other promises  required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully  comply in all material respects with the Credit and Collection Policy with regard to each Pool Receivable  and the related Contract.  (h) Change in Business or Credit and Collection Policy.  Without the prior written consent of  the Administrator and the Majority Purchaser Agents, the Servicer will not:  (i) make any material change  in the character of its business, which change would be reasonably expected to materially impair the  collectability of any Pool Receivable, or (ii) make any change in its Credit and Collection Policy that  would reasonably be expected to materially and adversely affect the collectability of any significant  portion of the Pool Receivables, the enforceability of any related Contract or the applicable Originator’s  ability to perform its obligations under such related Contract or the Transaction Documents.  Promptly  following any other change in the Credit and Collection Policy, such Originator will deliver a copy of the  updated Credit and Collection Policy to the Administrator and the Purchaser Agents.  (i) Records. The Servicer will maintain and implement administrative and operating  procedures (including an ability to recreate records evidencing Pool Receivables and related Contracts in  the event of the destruction of the originals thereof), and keep and maintain all documents, books, records,  computer tapes and disks and other information reasonably necessary or advisable for the collection of all  Pool Receivables (including records adequate to permit the daily identification of each Pool Receivable  and all Collections of and adjustments to each existing Pool Receivable).  (j) Change in Payment Instructions to Obligors. The Servicer shall not add to, replace or  terminate any of the Lock-Box Accounts (or any related lock-box or post office box) listed in Schedule II  hereto or make any change in its instructions to the Obligors regarding payments to be made to the Lock- Box Accounts (or any related lock-box or post office box), unless the Administrator and each Purchaser  Agent shall have received (x) prior written notice of such addition, termination or change and (y) signed  and acknowledged Lock-Box Agreements with respect to such new Lock-Box Accounts (or any related  lock-box or post office box).  (k) Ownership Interest, Etc. The Servicer shall, at its expense, take all action necessary or  desirable to establish and maintain a valid and enforceable undivided percentage ownership or security  interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and  Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each  case free and clear of any Adverse Claim in favor of the Administrator (on behalf of the Purchasers),  including taking such action to perfect, protect or more fully evidence the interest of the Administrator  (on behalf of the Purchasers) as the Administrator or any Purchaser Agent, may reasonably request.  (l) Anti-Money Laundering/International Trade Law Compliance. The Servicer will not  become a Sanctioned Person. No Covered Entity, either in its own right or through any third party, will  (i) have any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned  Person in violation of any Anti-Terrorism Law; (ii) do business in or with, or derive any of its income  from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of  any Anti-Terrorism Law; (iii) engage in any dealings or transactions prohibited by any Anti-Terrorism  Law or (iv) use the proceeds of any Purchase to fund any operations in, finance any investments or  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-10    activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any  Anti-Terrorism Law. The funds used to repay each Purchase will not be derived from any unlawful  activity. The Servicer shall comply with all Anti-Terrorism Laws. The Servicer shall promptly notify the  Administrator in writing upon the occurrence of a Reportable Compliance Event.  (m) [Reserved].  (n) Seller’s Tax Status. The Servicer shall not take or cause any action to be taken that could  result in the Seller (i) being treated other than as a “disregarded entity” within the meaning of U.S.  Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes or (ii) becoming an association  taxable as a corporation or a publicly traded partnership taxable as a corporation for U.S. federal income  tax purposes.  3. Separate Existence. Each of the Seller and the Servicer hereby acknowledges that the  Purchasers and the Administrator are entering into the transactions contemplated by this Agreement and  the other Transaction Documents in reliance upon the Seller’s identity as a legal entity separate from  Cooper Tire, the Originators and their respective Affiliates. Therefore, each of the Seller and the Servicer  shall take all steps specifically required by this Agreement or reasonably required by the Administrator or  any Purchaser Agent to continue the Seller’s identity as a separate legal entity and to make it apparent to  third Persons that the Seller is an entity with assets and liabilities distinct from those of Cooper Tire, any  Originator and any other Person, and is not a division of Cooper Tire, any Originator or any other Person.  Without limiting the generality of the foregoing and in addition to and consistent with the other covenants  set forth herein, each of the Seller and the Servicer shall take such actions as shall be required in order  that:  (a) The Seller will be a limited liability company whose primary activities are restricted in its  operating agreement to: (i) purchasing or otherwise acquiring from the Originators, owning, holding,  granting security interests or selling interests in Pool Assets, (ii) entering into agreements for the selling  and servicing of the Receivables Pool, and (iii) conducting such other activities as it deems necessary or  appropriate to carry out its primary activities;  (b) The Seller shall not engage in any business or activity, or incur any indebtedness or liability  (including, without limitation, any assumption or guaranty of any obligation of Cooper Tire, any  Originator or any Affiliate thereof), other than as expressly permitted by the Transaction Documents;  (c) (i) Not less than one member of the Seller’s Board of Directors (the “Independent  Director”) shall be a natural person (A) who is not at the time of initial appointment and has not been at  any time during the five (5) years preceding such appointment: (1) an equityholder, director (other than  the Independent Director), officer, employee, member, manager, attorney or partner of Cooper Tire, Seller  or any of their Affiliates; (2) a customer of, supplier to or other person who derives more than 1% of its  purchases or revenues from its activities with Cooper Tire, Seller or any of their Affiliates; (3) a person  or other entity controlling, controlled by or under common control with any such equity holder, partner,  member, manager customer, supplier or other person; or (4) a member of the immediate family of any  such equity holder, director, officer, employee, member, manager, partner, customer, supplier or other  person and (B) who has (1) prior experience as an independent director for a corporation or an independent  manager of a limited liability company whose charter documents required the unanimous consent of all  independent director or independent managers thereof before such corporation could consent to the  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-11    institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under  any applicable federal or state law relating to bankruptcy and (2) at least three years of employment  experience with one or more entities that provide, in the ordinary course of their respective businesses,  advisory, management or placement services to issuers of securitization or structured finance instruments,  agreements or securities.  Under this clause (c), the term “control” means the possession, directly or  indirectly, of the power to direct or cause the direction of management, policies or activities of a Person,  whether through ownership of voting securities, by contract or otherwise.  (ii) The operating agreement of the Seller shall provide that: (A) the Seller’s Board of Directors  shall not approve, or take any other action to cause the filing of, a voluntary bankruptcy petition with  respect to the Seller unless the Independent Director shall approve the taking of such action in writing  before the taking of such action, and (B) such provision cannot be amended without the prior written  consent of the Independent Director;  (d) The Independent Director shall not at any time serve as a trustee in bankruptcy for the  Seller, Cooper Tire, any Originator or any of their respective Affiliates;  (e) The Seller shall conduct its affairs strictly in accordance with its organizational documents  and observe all necessary, appropriate and customary company formalities, including, but not limited to,  holding all regular and special members’ and board of managers’ meetings appropriate to authorize all  limited liability company action, keeping separate and accurate minutes of its meetings, passing all  resolutions or consents necessary to authorize actions taken or to be taken, and maintaining accurate and  separate books, records and accounts, including, but not limited to, payroll and intercompany transaction  accounts;  (f) Any employee, consultant or agent of the Seller will be compensated from the Seller’s  funds for services provided to the Seller, and to the extent that Seller shares the same officers or other  employees as Cooper Tire or any Originator (or any other Affiliate thereof), the salaries and expenses  relating to providing benefits to such officers and other employees shall be fairly allocated among such  entities, and each such entity shall bear its fair share of the salary and benefit costs associated with such  common officers and employees. The Seller will not engage any agents other than its attorneys, auditors  and other professionals, and a servicer and any other agent contemplated by the Transaction Documents  for the Receivables Pool, which servicer will be fully compensated for its services by payment of the  Servicing Fee, and a manager, which manager will be fully compensated from the Seller’s funds;  (g) The Seller will contract with the Servicer to perform for the Seller all operations required  on a daily basis to service the Receivables Pool. The Seller will pay the Servicer the Servicing Fee pursuant  hereto. Except as otherwise permitted by this Agreement, the Seller will not incur any material indirect or  overhead expenses for items shared with Cooper Tire or any Originator (or any other Affiliate thereof)  that are not reflected in the Servicing Fee. To the extent, if any, that the Seller (or any Affiliate thereof)  shares items of expenses not reflected in the Servicing Fee or the manager’s fee, such as legal, auditing  and other professional services, such expenses will be allocated to the extent practical on the basis of  actual use or the value of services rendered, and otherwise on a basis reasonably related to the actual use  or the value of services rendered; it being understood that Cooper Tire, in its capacity as Servicer, shall  pay all expenses relating to the preparation, negotiation, execution and delivery of the Transaction  Documents, including legal, agency and other fees;  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-12    (h) The Seller’s operating expenses will not be paid by Cooper Tire or any Originator or any  Affiliate thereof;  (i) The Seller will have its own separate stationery;  (j) The Seller’s books and records will be maintained separately from those of Cooper Tire,  each Originator and any other Affiliate thereof and in a manner such that it will not be difficult or costly  to segregate, ascertain or otherwise identify the assets and liabilities of Seller;  (k) All financial statements of Cooper Tire or any Originator or any Affiliate thereof that are  consolidated to include Seller will disclose that (i) the Seller’s sole business consists of the purchase or  acceptance through capital contributions of the Receivables and Related Rights from the Originators and  the subsequent retransfer of or granting of a security interest in such Receivables and Related Rights to  certain purchasers party to this Agreement, (ii) the Seller is a separate legal entity with its own separate  creditors who will be entitled, upon its liquidation, to be satisfied out of the Seller’s assets prior to any  assets or value in the Seller becoming available to the Seller’s equity holders and (iii) the assets of the  Seller are not available to pay creditors of Cooper Tire or the Originators or any other Affiliates of Cooper  Tire or the Originators;  (l) The Seller’s assets will be maintained in a manner that facilitates their identification and  segregation from those of Cooper Tire, the Originators or any Affiliates thereof;  (m) The Seller will strictly observe corporate formalities in its dealings with Cooper Tire, the  Originators or any Affiliates thereof, and funds or other assets of the Seller will not be commingled with  those of Cooper Tire, the Originators or any Affiliates thereof except as permitted by this Agreement in  connection with servicing the Pool Receivables. The Seller shall not maintain joint bank accounts or other  depository accounts to which Cooper Tire or any Affiliate thereof (other than Cooper Tire in its capacity  as the Servicer) has independent access. The Seller is not named and has not entered into any agreement  to be named, directly or indirectly, as a direct or contingent beneficiary or loss payee on any insurance  policy with respect to any loss relating to the property of Cooper Tire, the Originators or any Subsidiaries  or other Affiliates thereof. The Seller will pay to the appropriate Affiliate the marginal increase or, in the  absence of such increase, the market amount of its portion of the premium payable with respect to any  insurance policy that covers the Seller and such Affiliate;  (n) The Seller will maintain arm’s-length relationships with Cooper Tire, the Originators (and  any Affiliates thereof). Any Person that renders or otherwise furnishes services to the Seller will be  compensated by the Seller at market rates for such services it renders or otherwise furnishes to the Seller.  Neither the Seller on the one hand, nor Cooper Tire or any Originator, on the other hand, will be or will  hold itself out to be responsible for the debts of the other or the decisions or actions respecting the daily  business and affairs of the other. The Seller, Cooper Tire and the Originators will immediately correct any  known misrepresentation with respect to the foregoing, and they will not operate or purport to operate as  an integrated single economic unit with respect to each other or in their dealing with any other entity;  (o) The Seller shall have a separate area from Cooper Tire and each Originator for its business  (which may be located at the same address as such entities) and to the extent that any other such entity has  offices in the same location, there shall be a fair and appropriate allocation of overhead costs between  them, and each shall bear its fair share of such expenses; and  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxIV-13    (p) To the extent not already covered in paragraphs (a) through (o) above, Seller shall comply  and/or act in accordance with the provisions of Section 6.4 of the Sale Agreement. 

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxV-1      EXHIBIT V  TERMINATION EVENTS    The occurrence of any one or more of the following shall be a “Termination Event”:  (a) (i) the Seller, Cooper Tire, any Originator or the Servicer shall fail to perform or  observe any term, covenant or agreement under this Agreement or any other Transaction Document and,  except as otherwise provided herein, such failure, solely to the extent capable of cure, shall continue for  30 days after the earlier of any such Person’s knowledge or notice thereof or (ii) the Seller or the Servicer  shall fail to make when due any payment or deposit to be made by it under this Agreement or any other  Transaction Document and such failure shall remain unremedied for two Business Days after the earlier  of the Seller, Cooper Tire, any Originator or the Servicer having knowledge or notice of such failure;  (b) Cooper Tire (or any Affiliate thereof) shall fail to transfer to any successor Servicer, when  required, any rights pursuant to this Agreement that Cooper Tire (or such Affiliate) then has as Servicer;  (c) any representation or warranty made or deemed made by the Seller, the Servicer or any  Originator (or any of their respective officers) under or in connection with this Agreement or any other  Transaction Document, or any information or report delivered by the Seller, the Servicer or any Originator  pursuant to this Agreement or any other Transaction Document, shall prove to have been incorrect or  untrue in any material respect when made or deemed made or delivered (unless such representation or  warranty relates solely to one or more specific Pool Receivables and the relevant Originator or the Servicer  makes a Deemed Collection payment with respect to such Pool Receivable to the extent required under  the Transaction Documents);  (d) the Seller or the Servicer shall fail to deliver any Information Package when due pursuant  to this Agreement, and such failure shall remain unremedied for two Business Days after the earlier of  such Person’s knowledge or notice thereof;  (e) this Agreement or any purchase or reinvestment pursuant to this Agreement shall for any  reason: (i) cease to create, or the Purchased Interest shall for any reason cease to be, a valid and enforceable  first priority perfected undivided percentage ownership or security interest to the extent of the Purchased  Interest in each Pool Receivable, the Related Security and Collections with respect thereto, free and clear  of any Adverse Claim, or (ii) cease to create with respect to the Pool Assets, or the interest of the  Administrator (for the benefit of the Purchasers) with respect to such Pool Assets shall cease to be, a valid  and enforceable first priority perfected security interest, free and clear of any Adverse Claim;  (f) the Seller, Cooper Tire, the Servicer or any Originator shall generally not pay its debts as  such debts become due, shall admit in writing its inability to pay its debts generally, or shall make a  general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the  Seller, Cooper Tire, the Servicer or any Originator seeking to adjudicate it a bankrupt or insolvent, or  seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or  composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief  of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian  or other similar official for it or for any substantial part of its property and, in the case of any such  

 

  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA. docxV-2    proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed  or unstayed for a period of 60 days, or any of the actions sought in such proceeding (including the entry  of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official  for, it or for any substantial part of its property) shall occur; or the Seller, Cooper Tire, the Servicer or any  Originator shall take any corporate action to authorize any of the actions set forth above in this paragraph;  (g) (i) the Days’ Sales Outstanding for any calendar month exceeds 90 days; (ii) the average  for three consecutive calendar months of the Default Ratio shall exceed 2.50%; (iii) the average for three  consecutive calendar months of the Delinquency Ratio shall exceed 7.50%, or (iv) the average for three  consecutive calendar months of the Dilution Ratio shall exceed 12.00%;  (h) a Change in Control shall occur;  (i) the Purchased Interest shall exceed 100% for two (2) Business Days after the earlier of the  Seller’s or Servicer’s knowledge or notice thereof;  (j) (i) the Seller or Cooper Tire shall fail to pay any principal of or premium or interest on any  of its Debt that is outstanding in a principal amount of at least $50,000,000 in the aggregate when the same  becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or  otherwise), and such failure shall continue after the applicable grace period, if any, specified in the  agreement, mortgage, indenture or instrument relating to such Debt (whether or not such failure shall have  been waived under the related agreement); (ii) any other event shall occur or condition shall exist under  any agreement, mortgage, indenture or instrument relating to any such Debt (as referred to in clause (i) of  this subsection (j)) and shall continue after the applicable grace period, if any, specified in such agreement,  mortgage, indenture or instrument (whether or not such failure shall have been waived under the related  agreement except as set forth below), if the effect of such event or condition is to give the applicable  debtholders the right (whether acted upon or not) to accelerate the maturity of such Debt (as referred to in  clause (i) of this subsection (j)), or (iii) any such Debt shall be declared to be due and payable, or required  to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased,  or an offer to repay, redeem, purchase or defease such Debt shall be required to be made, in each case  before the stated maturity thereof;  (k) except as could not reasonably be expected, individually or in the aggregate, to have a  Material Adverse Effect, either the Internal Revenue Service or the Pension Benefit Guaranty Corporation  shall have filed one or more notices of lien asserting a claim or claims pursuant to the Internal Revenue  Code, or ERISA, as applicable, against the assets of Seller, any Originator, Cooper Tire or any ERISA  Affiliate and such lien shall have been filed and not released within 10 days; or  (l) Cooper Tire shall fail to perform any of its obligations under the Performance Guaranty.  

 

  Schedule I-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   SCHEDULE I    [Reserved]                

 

  Schedule II-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   SCHEDULE II  LOCK-BOX BANKS AND LOCK-BOX ACCOUNTS      BANK LOCK-BOX BANK ACCOUNT                  

 

  Schedule III-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   SCHEDULE III    TRADE NAMES  Cooper Tires      

 

  Schedule IV-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   SCHEDULE IV    ACTIONS AND PROCEEDINGS    None        

 

  Schedule V-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   SCHEDULE V    PURCHASER GROUPS AND MAXIMUM COMMITMENTS    Purchaser Group of Wells Fargo Bank, National Association  Party Capacity Maximum  Commitment  Pro Rata Share  Wells Fargo Bank,  National Association  Related Committed  Purchaser  $100,000,000 N/A  Wells Fargo Bank,  National Association  LC Participant and  LC Bank  $100,000,000 100%  Wells Fargo Bank,  National Association  Purchaser Agent N/A N/A        

 

  Annex A-1-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   ANNEX A-1    FORM OF MONTHLY REPORT      [Attached]     

 

  Annex A-1-2  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx      [Wells to Provide form of Monthly Report]      

 

  Annex A-2-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx     ANNEX A-2    FORM OF WEEKLY REPORT      [Wells Fargo is updating the form]      

 

  Annex B-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   ANNEX B    FORM OF PURCHASE NOTICE    Dated as of [_______________, 20__]            [Each Purchaser Agent]    Ladies and Gentlemen:    Reference is hereby made to the Second Amended and Restated Receivables Purchase Agreement,  dated as of February 15, 2018 (as amended, restated, supplemented or otherwise modified through the  date hereof, the “Receivables Purchase Agreement”), among Cooper Receivables LLC, as Seller, Cooper  Tire & Rubber Company, as Servicer, the various Purchasers and Purchaser Agents from time to time  party thereto, the LC Participants from time to time party thereto, and Wells Fargo Bank, National  Association, as Administrator and as LC Bank. Capitalized terms used in this Purchase Notice and not  otherwise defined herein shall have the meanings assigned thereto in the Receivables Purchase  Agreement.  [This letter constitutes a Purchase Notice pursuant to Section 1.2(a) of the Receivables Purchase  Agreement. Seller desires to sell an undivided variable interest in a pool of receivables on  _______________, [20__], for a purchase price of $________.1 Subsequent to this Purchase, and after  giving effect to the increase in the Aggregate Capital, the Purchased Interest will be $___________.]  [This letter constitutes a notice pursuant to Section 1.13(a) of the Receivables Purchase Agreement. The  Seller desires that the LC Bank [issue][transfer] Letters of Credit [currently issued under the  [___________]] on ___________, [20__], with a face amount of $___________ (see attached schedule  for Letters of Credit to be transferred). Subsequent to this transfer, the LC Participation Amount will be  $__________ and the aggregate outstanding Capital will be $____________.]  Seller hereby represents and warrants as of the date hereof, and as of the date of Purchase, as  follows:  (i)  the representations and warranties contained in Exhibit III of the Receivables Purchase  Agreement are true and correct in all material respects on and as of the date of such purchase as though  made on and as of such date (except for representations and warranties which apply as to an earlier date,  in which case such representations and warranties shall be true and correct in all material respects as of  such earlier date);                                                    1  Such amount shall not be less than $300,000 (or such lesser amount as agreed to by the Administrator and the Majority  Purchaser Agents) and shall be in integral multiples of $100,000 with respect to each Purchaser Group.  

 

  Annex B-2  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   (ii)  no event has occurred and is continuing, or would result from such purchase, that constitutes  a Termination Event or Unmatured Termination Event;  (iii)  the sum of the Aggregate Capital plus the LC Participation Amount, after giving effect to any  such purchase or reinvestment shall not be greater than the Purchase Limit, and the Purchased Interest will  not exceed 100%; and  (iv)  the Facility Termination Date has not occurred.       

 

  Annex B-3  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   IN WITNESS WHEREOF, the undersigned has caused this Purchase Notice to be executed by its  duly authorized officer as of the date first above written.  COOPER RECEIVABLES LLC      By:   Name Printed:   Title:         

 

  Annex C-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   ANNEX C    FORM OF ASSUMPTION AGREEMENT      Dated as of [______________ __, 20__]        THIS ASSUMPTION AGREEMENT (this “AGREEMENT”), dated as of [____________ __,  _____], is among COOPER RECEIVABLES LLC (the “Seller”), [________], as purchaser (the  “[_______] Conduit Purchaser”), [_________], as the Related Committed Purchaser (the “[________]  Related Committed Purchaser”), [________], as related  LC Participant (the “[________] LC Participant”  and together with the Conduit Purchaser and the Related Committed Purchaser, the “[__________]  Purchasers”), and [___________], as agent for the [_________] Purchasers (the “[________] Purchaser  Agent” and together with the [______] Purchasers, the “[________] Purchaser Group”).  BACKGROUND  The Seller and various others are parties to that certain Second Amended and Restated Receivables  Purchase Agreement dated as of February 15, 2018 (as amended, restated, supplemented or otherwise  modified through the date hereof, the “Receivables Purchase Agreement”). Capitalized terms used and  not otherwise defined herein have the respective meaning assigned to such terms in the Receivables  Purchase Agreement.  NOW, THEREFORE, the parties hereto hereby agree as follows:  SECTION 1. This letter constitutes an Assumption Agreement pursuant to Section 1.2(f) of the  Receivables Purchase Agreement. The Seller desires [the [_________] Purchasers] [the [__________]  Related Committed Purchaser][____________] related LC Participant] to [become Purchasers under]  [increase its existing Commitment under] the Receivables Purchase Agreement and upon the terms and  subject to the conditions set forth in the Receivables Purchase Agreement, the [__________] Purchasers  agree to [become Purchasers thereunder] [increase its Commitment in an amount equal to the amount set  forth as the “Commitment” under the signature of such [___________] Related Committed Purchaser  hereto] [increase its Commitment in an amount equal to the amount set forth as the “Commitment” under  the signature of such [________] related LC Participant hereto].  Seller hereby represents and warrants to the [_________] Purchasers as of the date hereof, as  follows:  (i) the representations and warranties of the Seller contained in Exhibit III of the Receivables  Purchase Agreement are true and correct in all material respects on and as the date of such purchase or  reinvestment as though made on and as of such date (except for representations and warranties which  apply as to an earlier date, in which case such representations and warranties shall be true and correct in  all material respects as of such earlier date);  

 

  Annex C-2  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   (ii) no event has occurred and is continuing, or would result from such purchase or  reinvestment, that constitutes a Termination Event or an Unmatured Termination Event; and  (iii) the Facility Termination Date has not occurred.  SECTION 2. Upon execution and delivery of this Agreement by the Seller and each member of  the [__________] Purchaser Group, satisfaction of the other conditions to assignment specified in Section  1.2(f) of the Receivables Purchase Agreement (including the written consent of the Administrator and  each Purchaser Agent) and receipt by the Administrator and Seller of counterparts of this Agreement  (whether by facsimile or otherwise) executed by each of the parties hereto, [the [________] Purchasers  shall become a party to, and have the rights and obligations of Purchasers under, the Receivables Purchase  Agreement][the [________] Related Committed Purchaser shall increase its Commitment in the amount  set forth as the “Commitment” under the signature of the [__________] Related Committed Purchaser  hereto][the [__________] related LC Participant shall increase its Commitment in the amount set forth as  the “Commitment” under the signature of the [_________] related LC Participant hereto].  SECTION 3. Each party hereto hereby covenants and agrees that it will not institute against, or  join any other Person in instituting against, any Conduit Purchaser, any bankruptcy, reorganization,  arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or state  bankruptcy or similar law, for one year and one day after the latest maturing Note issued by such Conduit  Purchaser is paid in full. The covenant contained in this paragraph shall survive any termination of the  Receivables Purchase Agreement.  SECTION 4. THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACT MADE  UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK  (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL  OBLIGATIONS LAW OF THE STATE OF NEW YORK) EXCEPT TO THE EXTENT THAT THE  VALIDITY OR PERFECTION OF A SECURITY INTEREST OR REMEDIES HEREUNDER, IN  RESPECT OF ANY PARTICULAR COLLATERAL ARE GOVERNED BY THE LAWS OF A  JURISDICTION OTHER THAN THE STATE OF NEW YORK. This Agreement may not be amended,  supplemented or waived except pursuant to a writing signed by the party to be charged. This Agreement  may be executed in counterparts, and by the different parties on different counterparts, each of which shall  constitute an original, but all together shall constitute one and the same agreement.  (continued on following page)         

 

  Annex C-3  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   IN WITNESS WHEREOF, the parties hereto have executed this Agreement by their duly  authorized officers as of the date first above written.  [___________], as a Conduit Purchaser      By:   Name Printed:   Title:     [Address]      [___________], as a Related Committed Purchaser      By:   Name Printed:   Title:     [Address]  [Commitment]      [___________], as a related LC Participant      By:   Name Printed:   Title:     [Address]  [Commitment]      [___________], as Purchaser Agent for [_______]      By:   Name Printed:   Title:     [Address]     

 

  Annex C-4  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   COOPER RECEIVABLES LLC, as Seller      By:  Name Printed:   Title:       Consented and Agreed:    WELLS FARGO BANK, NATIONAL ASSOCIATION, individually as a Related Committed  Purchaser, as Administrator, as LC Bank and as a Purchaser Agent      By:  Name Printed:   Title:     Address: Wells Fargo Bank, National Association    1100 Abernathy Road NE    Suite 1600    Atlanta, GA 30328    Attn:  William P. Rutkowski      [THE PURCHASER AGENTS]      By:  Name Printed:   Title:                       [Address]      

 

  Annex D-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   ANNEX D    FORM OF TRANSFER SUPPLEMENT      Dated as of [___________ __, 20__]      Section 1.  Commitment assigned: $________  Assignor’s remaining Commitment: $________  Capital allocable to Commitment assigned: $________  Assignor’s remaining Capital: $________  Discount (if any) allocable to    Capital assigned: $________  Discount(if any) allocable to Assignor’s    remaining Capital: $________      Section 2.    Effective Date of this Transfer Supplement: [__________]    Upon execution and delivery of this Transfer Supplement by transferee and transferor and the  satisfaction of the other conditions to assignment specified in Section 6.3(c) of the Receivables Purchase  Agreement (as defined below), from and after the effective date specified above, the transferee shall  become a party to, and have the rights and obligations of a Committed Purchaser under, the Second  Amended and Restated Receivables Purchase Agreement, dated as of February 15, 2018 (as amended,  restated, supplemented or otherwise modified through the date hereof, the “Receivables Purchase  Agreement”), among Cooper Receivables LLC, as Seller, Cooper Tire & Rubber Company, LLC, as initial  Servicer, the various Purchasers and Purchaser Groups from time to time party thereto, the various LC  Participants from time to time party thereto, and Wells Fargo, National Association, as Administrator and  as LC Bank.       

 

  Annex D-2  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   ASSIGNOR: [___________], as a Related Committed Purchaser      By:   Name:   Title:       ASSIGNEE: [___________], as a Purchasing Related Committed Purchaser      By:   Name:   Title:     [Address]      Accepted as of date first above  written:      [___________], as Purchaser Agent for  the [________] Purchaser Group      By:  Name:   Title:       [Accepted as of the date first above written]:2    COOPER RECEIVABLES LLC      By:  Name:   Title:     [Address]                                                      2  Consent only required prior to the occurrence of a Termination Event (such consent not to be unreasonably withheld).  

 

  Annex E-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx     ANNEX E    FORM OF PAYDOWN NOTICE      Dated as of [____________ __, 20__]        Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, OH 45840  Attention: Vice President and Treasurer    Wells Fargo Bank, National Association  1100 Abernathy Road NE  Suite 1600  Atlanta, GA 30328  Attention: William P. Rutkowski    [Each other Purchaser Agent]     Ladies and Gentlemen:    Reference is hereby made to the Second Amended and Restated Receivables Purchase Agreement,  dated as of February 15, 2018 (as amended, restated, supplemented or otherwise modified through the  date hereof, the “Receivables Purchase Agreement”), among Cooper Receivables LLC, as Seller, Cooper  Tire & Rubber Company, as Servicer, the various Purchasers and Purchaser Agents from time to time  party thereto, the LC Participants from time to time party thereto and Wells Fargo Bank, National  Association, as Administrator and as LC Bank. Capitalized terms used in this paydown notice and not  otherwise defined herein shall have the meanings assigned thereto in the Receivables Purchase  Agreement.  This letter constitutes a paydown notice pursuant to Section 1.4(f)(i) of the Receivables Purchase  Agreement. The Seller desires to reduce the Aggregate Capital on ___________, _____3 by the application  of $ ___________ in cash to pay Aggregate Capital and Discount to accrue (until such cash can be used  to pay commercial paper notes) with respect to such Aggregate Capital, together with all costs related to  such reduction of Aggregate Capital.  Subsequent to this paydown, the aggregate outstanding Capital will  be $__________.                                                       3  Notice must be given not later than 2:00 p.m. New York City time on the date that is one Business Day prior to the date of  such reduction for any amount of reduction of the Aggregate Capital (or any amount as agreed to by the Administrator and  the Majority Purchaser Agents).  

 

  Annex E-2  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   IN WITNESS WHEREOF, the undersigned has caused this paydown notice to be executed by its  duly authorized officer as of the date first above written.  COOPER RECEIVABLES LLC      By:   Name:   Title:       

 

  Annex F-1  H:\My Documents\Cooper Tire Closing\Executed Documents\Final RPA.docx   ANNEX F    FORM OF LETTER OF CREDIT APPLICATION      (attached)      

 

9  Omnibus Amendment No. 1    EXHIBIT C  AMENDED PERFORMANCE GUARANTY    [Attached]  261318255.v5  

 

EXHIBIT C  TO OMNIBUS AMENDMENT NO. 1  PERFORMANCE GUARANTY    This PERFORMANCE GUARANTY (as amended, restated, supplemented or otherwise  modified from time to time, this “Performance Guaranty”), dated as of August 30, 2006, is made  by COOPER TIRE & RUBBER COMPANY (“Cooper”), a corporation organized under the laws of the  State of Delaware, as performance guarantor (the “Performance Guarantor”), in favor of WELLS  FARGO BANK, NATIONAL ASSOCIATION, as administrator (together with its successors and assigns  in such capacity, the “Administrator”) for the benefit of the Purchasers and the Purchaser Agents  (and their assigns) under the Receivables Purchase Agreement (as defined below).    PRELIMINARY STATEMENTS:    (1) Each Originator from time to time party to the below-described Sale Agreement  (herein collectively called the “Originators” and individually called an “Originator”) and Cooper  Receivables LLC (“SPV”), a Delaware limited liability company, have entered into that certain  Purchase and Sale Agreement, dated as of August 30, 2006 (as amended, restated, supplemented  or otherwise modified from time to time, the “Sale Agreement”), pursuant to which the Originators  have and will, from time to time, sell Receivables and related rights and security to SPV.  (2) SPV, as seller (the “Seller”), Cooper, as initial servicer (in such capacity, the  “Servicer”), the various Purchasers and Purchaser Agents from time to time party thereto, and the  Administrator have entered into that certain Receivables Purchase Agreement, dated as of August  30, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the  “Receivables Purchase Agreement”), pursuant to which the Seller has and will, from time to time,  sell undivided interests in Receivables and Related Security to the Purchasers. Capitalized terms  used, but not otherwise defined herein shall have the respective meanings assigned thereto in the  Receivables Purchase Agreement.    (3) Cooper is an Originator and is the direct or indirect owner of 100% of the outstanding  voting stock or membership interests of each other Originator and SPV.    NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby  acknowledged, the Performance Guarantor hereby agrees as follows:    SECTION 1. Unconditional Undertaking; Enforcement.  The Performance Guarantor hereby  unconditionally and irrevocably assures for the benefit of the Administrator, the Purchasers, the  Purchaser Agents, and each other Indemnified Party and Affected Person the due and punctual  performance and observance by each Originator (or any of their respective successors and assigns)  of the terms, covenants, conditions, agreements, undertakings and obligations on the part of each  such Originator to be performed or observed by each such Person under each of the Transaction  Documents to which it is a party, including, without limitation, any agreement or obligation of any  such Originator to pay any indemnity or make any payment in respect of any applicable dilution  adjustment or repurchase obligation under any such Transaction Document (all such terms,  covenants, conditions, agreements, undertakings and obligations on the part of each Originator to  be paid, performed or observed being collectively called the “Guaranteed Obligations”). Without  limiting the generality of the foregoing, the Performance Guarantor agrees that if any Originator shall  fail in any manner whatsoever to perform or observe any of the Guaranteed Obligations when the  

 

  2  same shall be required to be performed or observed under any applicable Transaction Document,  then the Performance Guarantor will itself duly and punctually perform or observe or cause to be  performed or observed the Guaranteed Obligations. It shall not be a condition to the accrual of the  obligation of any Performance Guarantor hereunder to perform or to observe any Guaranteed  Obligation that the Administrator, any Purchaser, or any Purchaser Agent shall have first made any  request of or demand upon or given any notice to the Performance Guarantor, any applicable  Originator or any of their respective successors and assigns or have initiated any action or proceeding  against the Performance Guarantor, any applicable Originator or any of their respective successors  and assigns in respect thereof. The Administrator (on behalf of the Purchasers and their assigns) may  proceed to enforce the obligations of the Performance Guarantor under this Performance Guaranty  without first pursuing or exhausting any right or remedy which the Administrator or any Purchaser  may have against any applicable Originator, any other Person, the Receivables or any other property.  The Performance Guarantor agrees that its obligations under this Performance Guaranty shall be  irrevocable. For the sake of clarity, it is expressly acknowledged that the Guaranteed Obligations do  not include any recourse for non-payment or late payment of the Receivables due solely to the  bankruptcy, insolvency or lack of creditworthiness of the related Obligor or for which payment of any  Guaranteed Obligations would otherwise constitute recourse to the Performance Guarantor or any  Originator for uncollectible Receivables.    SECTION 2. Validity of Obligations.  The Performance Guarantor agrees that its obligations  under this Performance Guaranty shall be absolute and unconditional, irrespective of (i) the validity,  enforceability, avoidance, subordination, discharge, or disaffirmance by any Person (including a  trustee in bankruptcy) of the Guaranteed Obligations, (ii) the absence of any attempt by the  Administrator or any Purchaser to collect any Receivables, or to obtain performance or observance  of the Guaranteed Obligations from any applicable Originator or any other Person, (iii) the waiver,  consent, extension, forbearance or granting of any indulgence by the Administrator with respect to  any provision of any instrument evidencing the Guaranteed Obligations, (iv) any change of the time,  manner or place of performance of, or in any other term of any of the Guaranteed Obligations,  including, without limitation, any amendment to or modification of any of the Transaction  Documents, (v) any law, regulation or order of any jurisdiction affecting any term of any of the  Guaranteed Obligations, or rights of the Administrator or any Purchaser with respect thereto, (vi)  the failure by the Administrator or any Purchaser to take any steps to perfect and maintain perfected  its interest in any Receivable or other property or in any security or collateral related to the  Guaranteed Obligations, (vii) any failure to obtain any authorization or approval from or other action  by or to notify or file with, any governmental authority or regulatory body required in connection  with the performance of the obligations hereunder by the Performance Guarantor or (viii) any  impossibility or impracticability of performance, illegality, force majeure, any act of government, or  other circumstances which might constitute a default available to, or a discharge of any Originator  or the Performance Guarantor, or any other circumstance, event or happening whatsoever whether  foreseen or unforeseen and whether similar to or dissimilar to anything referred to above. The  Performance Guarantor waives all set-offs and counterclaims and all presentments, demands of  performance, notices of nonperformance, protests, notices of protest, notices of dishonor and notices  of acceptance of this Performance Guaranty. The Performance Guarantor’s obligations under this  Performance Guaranty shall not be limited if the Administrator or any Purchaser is precluded for any  reason (including, without limitation, the application of the automatic stay under Section 362 of the  Bankruptcy Code) from enforcing or exercising any right or remedy with respect to the Guaranteed  Obligations, and the Performance Guarantor shall perform or observe, upon demand, the Guaranteed  

 

  3  Obligations that would otherwise have been due and performable or observable by the applicable  Originator had such right and remedies been permitted to be exercised.    SECTION 3. Waiver.  The Performance Guarantor hereby waives promptness, diligence, notice  of acceptance, notice of default by any Originator, notice of the incurrence of any Guaranteed  Obligation and any other notice with respect to any of the Guaranteed Obligations and this  Performance Guaranty, and any other document related thereto or to any of the Transaction  Documents and any requirement that the Administrator or any Purchaser exhaust any right or take any  action against the applicable Originator, any other Person or any property. The Performance Guarantor  warrants to the Administrator (for the benefit of the Purchasers, the Purchaser Agents, and the  Indemnified Parties and Affected Persons) that it has adequate means to obtain from each Originator  on a continuing basis, all information concerning the financial condition of each Originator, and that it  is not relying on the Administrator, any Purchaser or any Purchaser Agent to provide such information  either now or in the future.    SECTION 4. Subrogation.  The Performance Guarantor hereby waives all rights of subrogation  (whether contractual or otherwise) to the claims, if any, of the Administrator, the Purchasers, the  Purchaser Agents and each Indemnified Party and Affected Person against the Originators and all  contractual, statutory or common law rights of reimbursement, contribution or indemnity from any  Originator which may otherwise have arisen in connection with this Performance Guaranty.    SECTION 5. Consent to Jurisdiction.  ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO  THIS PERFORMANCE GUARANTY MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR  OF THE UNITED STATES FEDERAL COURT SITTING IN THE SOUTHERN DISTRICT OF NEW YORK AND BY  EXECUTION AND DELIVERY OF THIS PERFORMANCE GUARANTY, THE PERFORMANCE GUARANTOR  CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF  THOSE COURTS. THE PERFORMANCE GUARANTOR IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT  PERMITTED BY LAW, ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR  BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE  TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS  PERFORMANCE GUARANTY OR ANY DOCUMENT RELATED HERETO. THE PERFORMANCE GUARANTOR  WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE  MADE BY ANY OTHER MEANS PERMITTED BY NEW YORK LAW.    SECTION 6. Representations and Warranties of the Performance Guarantor.  The Performance  Guarantor hereby represents and warrants as follows:    (a) Incorporation. The Performance Guarantor is duly incorporated under the  laws of the state of Delaware.    (b) Due Authorization. The execution, delivery and performance by the  Performance Guarantor of this Performance Guaranty and the transactions contemplated  hereby are within its corporate powers, have been duly authorized by all necessary  corporate action, do not contravene (i) its charter or by-laws, (ii) any law, rule or regulation  applicable to it, (iii) any contractual restriction contained in any indenture, loan or credit  agreement, lease, mortgage, security agreement, bond, note or other agreement or  instrument binding on it or its property or (iv) any order, writ, judgment, award, injunction  

 

  4  or decree binding on it or its property, and do not result in or require the creation of any  lien, claim or encumbrance upon or with respect to any of its properties.    (c) Enforceability. This Performance Guaranty has been duly executed and  delivered on behalf of the Performance Guarantor and is the legal, valid and binding  agreement of the Performance Guarantor enforceable against it in accordance with its terms,  except as such enforceability may be limited by applicable bankruptcy, insolvency,  reorganization, moratorium or other laws relating to or affecting creditors’ rights generally  and except as such enforceability may be limited by general principles of equity (whether  considered in a suit at law or in equity).    (d) Consents.  No authorization or approval or other action by, and no notice to  or filing with, any governmental authority or regulatory body is required for the due  execution, delivery and performance by the Performance Guarantor of this Performance  Guaranty or any other document or instrument to be delivered herewith.    (e) No Proceedings. Except as set forth in Schedule IV of the Receivables  Purchase Agreement, there are no actions, suits, or proceedings pending or, to the  knowledge of the Performance Guarantor, threatened in writing against or affecting the  Performance Guarantor or any of its subsidiaries, or the property of the Performance  Guarantor or any of its subsidiaries in any court, or before any arbitrator of any kind, or  before or by any governmental body, which individually, or taken as a whole, could  reasonably be expected to have a Material Adverse Effect upon the ability of the  Performance Guarantor to perform any of its obligations hereunder. Neither the  Performance Guarantor nor any of its subsidiaries is in default with respect to any order of  any court, arbitrator or governmental body.    (f) Subsidiary. Each of the Originators (other than Cooper) and the SPV are 100%  owned, directly or indirectly, by the Performance Guarantor.    (g) Compliance with Law. The Performance Guarantor is in compliance with all  requirements of law applicable to it, its business and properties, the Originators and SPV.    (h) Taxes. The Performance Guarantor has filed all tax returns and reports  required by law to have been filed by it and has paid all taxes, assessments and governmental  charges thereby shown to be owing.    SECTION 7. Covenants.  The Performance Guarantor covenants and agrees that, from the date  hereof until the date following the Facility Termination Date under the Receivables Purchase  Agreement when the Aggregate Capital, Aggregate Discount and all other amounts payable  thereunder and under the other Transaction Documents by the Seller, the Servicer and the Originators  have been finally paid in full, it will observe and perform all of the following covenants:  (a) Subsidiaries.  The Performance Guarantor will continue to be the beneficial  owner, whether directly or indirectly, of a sufficient number of the issued and outstanding  shares or membership interests of capital stock of each Originator (other than Cooper) to  

 

  5  enable the Performance Guarantor, directly or indirectly, to elect a majority of the members  of such Originator’s board of directors.    (b) Corporate Existence and Good Standing.  The Performance Guarantor will do  all things as are necessary to maintain its corporate existence in good standing and to ensure  that it has the right and is duly qualified to conduct its business as it is conducted in all  applicable jurisdictions and will obtain and maintain all franchises and rights necessary for the  conduct of its business as a whole.    (c) Sale of Assets. The Performance Guarantor will not, and will procure that  none of its subsidiaries will, complete the sale, transfer, lease or other disposal of all or any  substantial part of its or their respective assets except on an arm’s length basis and for a fair  market value or to any of its or their respective affiliates.    (d) Mergers.  The Performance Guarantor will not, and will procure that none of  the Originators will, (i) be a party to any merger, consolidation or other restructuring, except  as permitted by the Sale Agreement or (ii) directly or indirectly sell, transfer, assign, convey  or lease (A) whether in one or a series of transactions, all or substantially all of its assets (other  than Receivables or interests therein which shall be governed by clause (B) below) or (B) any  Receivables or any interest therein (other than pursuant to the Transaction Documents)  unless such Receivables are created after the Purchase and Sale Termination Date and are not  financed under the Transaction Documents.    (e) Substantive Consolidation.  The Performance Guarantor shall and shall cause  each of its Subsidiaries and Affiliates to, observe and comply with each of the separateness  covenants described in Section 6.4 of the Sale Agreement.    SECTION 8. Amendments, Etc.  No amendment or waiver of any provision of this  Performance Guaranty, and no consent to any departure by the Performance Guarantor herefrom,  shall in any event be effective unless the same shall be in writing and signed by the Administrator  and the Majority Purchaser Agents, and then such waiver or consent shall be effective only in the  specific instance and for the specific purpose for which given.    SECTION 9. Expenses.  The Performance Guarantor will upon demand pay to the  Administrator and any applicable Purchaser Agent the amount of any and all reasonable expenses,  including reasonable attorneys’ fees, costs, expenses and disbursements, which they may incur in  connection with the exercise or enforcement of any of their respective rights or interests hereunder.    SECTION 10. Addresses for Notices.  All notices and other communications provided for  hereunder shall, unless otherwise stated herein be in writing (including facsimile communication) and  shall be delivered or sent by facsimile, or by overnight mail, to the intended party at the mailing  address or facsimile number of such party set forth under its name on the signature pages hereof (or  in any other document or agreement pursuant to which it is or became a party hereto) or at such  other address or facsimile number as shall be designated by such party in a written notice to the other  parties hereto. All such notices and communications shall be effective (i) if delivered by overnight mail,  when received, and (ii) if transmitted by facsimile, when sent, receipt confirmed by telephone or  electronic means.  

 

  6    SECTION 11. No Waiver; Remedies.  No failure on the part of the Administrator, any Purchaser  or any Purchaser Agent to exercise, and no delay in exercising, any right hereunder shall operate as a  waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or  further exercise thereof or the exercise of any other right. The remedies herein provided are  cumulative and not exclusive of any remedies provided by law.    SECTION 12. Continuing Agreement.  This Performance Guaranty is a continuing agreement  and shall (i) remain in full force and effect until the later of (x) the payment in full of the Guaranteed  Obligations and all other amounts payable under this Performance Guaranty and (y) one year and a  day after the date following the Facility Termination Date under the Receivables Purchase Agreement  when all amounts payable to the Administrator, Purchasers, the Purchaser Agents or any other  Indemnified Party or Affected Person or any of their respective successors and assigns have been paid  in full, (ii) be binding upon the Performance Guarantor, its successors and assigns, and (iii) inure to  the benefit of, and be enforceable by, the Administrator, the Purchasers and each of the other  Indemnified Parties or Affected Persons and their respective successors, transferees and assigns.  Without limiting the generality of the foregoing clause (iii) upon any assignment by a Purchaser  permitted pursuant to the Receivables Purchase Agreement, the applicable assignee shall thereupon  become vested with all the benefits in respect thereof granted to the Purchaser’s herein or otherwise.  Each of the parties hereto hereby agrees that each of the Purchasers, the Purchaser Agents, the  Indemnified Parties and the Affected Persons shall be a third-party beneficiary of this Performance  Guaranty.     SECTION 13. GOVERNING LAW. THIS PERFORMANCE GUARANTY SHALL BE GOVERNED BY,  AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT  REFERENCE TO CONFLICT OF LAWS PRINCIPLES.    SECTION 14. WAIVER OF JURY TRIAL.  EACH OF THE PERFORMANCE GUARANTOR AND THE  ADMINISTRATOR HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,  PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING  OUT OF OR RELATING TO THIS PERFORMANCE GUARANTY OR THE ACTIONS OF THE ADMINISTRATOR  OR THE PURCHASERS IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT  THEREOF.    [Signature Pages Follow 

 

  S-1  Performance Guaranty  Cooper Tire & Rubber Company    IN WITNESS WHEREOF, the Performance Guarantor has caused this Performance Guaranty to be  duly executed and delivered by its officer thereunto duly authorized as of the date first above written.    COOPER TIRE & RUBBER COMPANY      By:______________________________  Name: Philip G. Weaver  Title: Vice President and Chief Financial Officer    By:______________________________  Name: Stephen O. Schroeder  Title: Vice President and Treasurer    Address:    Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Fax: (419) 424-7320  Email: Cooper_Legal@coopertire.com     With a copy to:    Cooper Tire & Rubber Company  701 Lima Avenue  Findlay, Ohio 45840  Attention: Vice President and Treasurer  Fax: (419) 429-6785  Email: Treasury@coopertire.com      

 

  S-2  Performance Guaranty  Cooper Tire & Rubber Company  Accepted as of the date hereof:    WELLS FARGO BANK, NATIONAL ASSOCIATION,  as Administrator      By:______________________________      Name:   William P. Rutkowski      Title:      Director    Address: Wells Fargo Bank, National Association  1100 Abernathy Road NE  Suite 1600  Atlanta, GA 30328  Attention: William P. Rutkowski  Telephone: +1 (770) 508-2180  Fax:  n/a  Email:  william.rutkowski@wellsfargo.com        261310875.v4

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