Document:

EX-10.1

 Exhibit 10.1 

TRANSMEDICS GROUP, INC. 

INDUCEMENT PLAN 
  

	1.	 DEFINED TERMS 

Exhibit A, which is incorporated by reference, defines certain terms used in the Plan and sets forth operational rules related to those
terms. 
  

	2.	 PURPOSE 

The Plan is intended to advance the interests of the Company by providing for the grant to Participants of Stock and Stock-based Awards as an
inducement to secure and retain the employment of such Participants. The Plan is intended to comply with the exemption from the stockholder approval requirement for “inducement grants” provided under Rule 5635(c)(4) of the Nasdaq Listing
Rules 
  

	3.	 ADMINISTRATION 

The Plan will be administered by the Administrator. The Administrator has discretionary authority, subject only to the express provisions of
the Plan, to administer and interpret the Plan and any Award; to determine eligibility for and grant Awards; to determine the exercise price, base value from which appreciation is measured, or purchase price, if any, applicable to any Award; to
determine, modify or waive the terms and conditions of any Award; to determine the form of settlement of Awards (whether in cash, shares of Stock, other Awards, or other property); to prescribe forms, rules and procedures relating to the Plan and
Awards; and to otherwise do all things necessary or desirable to carry out the purposes of the Plan or any Award. Determinations of the Administrator made with respect to the Plan or any Award are conclusive and bind all persons. 

 

	4.	 LIMITS ON AWARDS UNDER THE
PLAN 

 (a)    Number of Shares. Subject to adjustment
as provided in Section 7(b), the number of shares of Stock that may be issued in satisfaction of Awards under the Plan is 1,000,000 shares of Stock (the “Share Pool”). For purposes of this Section 4(a), the number of
shares of Stock issued in satisfaction of Awards will be determined (i) by including shares of Stock withheld by the Company in payment of the exercise price or purchase price of the Award or in satisfaction of tax withholding requirements with
respect to the Award, (ii) by including the full number of shares covered by a SAR any portion of which is settled in Stock (and not only the number of shares of Stock delivered in settlement), and (iii) by excluding any shares of Stock
underlying Awards settled in cash or that expire, become unexercisable, terminate or are forfeited to or repurchased by the Company without the issuance of Stock. For the avoidance of doubt, the
number of shares of Stock available for delivery under the Plan will not be increased by any shares of Stock delivered under the Plan that are subsequently repurchased using proceeds directly attributable to Stock Option exercises. 

 (b)    Type of Shares. The shares of Stock
issued under the Plan may be shares of authorized but unissued Stock, treasury Stock, or Stock acquired in an open-market transaction. No fractional shares of Stock will be issued under the Plan. 

 

	5.	 ELIGIBILITY AND PARTICIPATION 

The Administrator will select Participants from among those individuals who were not previously employed by or a director of the Company or any
of its subsidiaries, or those individuals following a bona fide period of non-employment with the Company and its subsidiaries, in either case, as an inducement material to the individual’s entering into
employment relationship with the Company or one of its subsidiaries within the meaning of Rule 5635(c)(4) of the Nasdaq Listing Rules. 

In addition, eligibility for Stock Options and SARs is limited to individuals who are providing direct services on the date of grant of the
Award to the Company or to a subsidiary of the Company that would be described in the first sentence of Section 1.409A-1(b)(5)(iii)(E) of the Treasury Regulations. 

 

	6.	 RULES APPLICABLE TO AWARDS

  

	 	(a)	 All Awards. 

(1)    Award Provisions. The Administrator will determine the terms and conditions of all
Awards, subject to the limitations provided herein. By accepting (or, under such rules as the Administrator may prescribe, being deemed to have accepted) an Award, the Participant will be deemed to have agreed to the terms and conditions of the
Award and the Plan. Notwithstanding any provision of the Plan to the contrary, Substitute Awards may contain terms and conditions that are inconsistent with the terms and conditions specified herein, as determined by the Administrator. 

(2)    Term of Plan. No Awards may be made after ten years from the Date of Adoption, but
previously granted Awards may continue beyond that date in accordance with their terms. 

(3)    Transferability. Except as the Administrator otherwise expressly
provides in accordance with the third sentence of this Section 6(a)(3), no Awards may be transferred other than by will or by the laws of descent and distribution. During a Participant’s lifetime, except as the Administrator otherwise
expressly provides in accordance with the third sentence of this Section 6(a)(3), SARs and Stock Options may be exercised only by the Participant. The Administrator may permit the transfer of Awards, subject to applicable securities and other
laws and such terms and conditions as the Administrator may determine. 
 (4)    Vesting;
Exercisability. The Administrator will determine the time or times at which an Award vests or becomes exercisable and the terms and conditions on which a Stock Option or SAR remains exercisable. Without limiting the foregoing, the
Administrator may at any time accelerate the vesting and/or exercisability of an Award (or any portion thereof), regardless of any adverse or potentially adverse tax or other consequences resulting from such acceleration. Unless the Administrator
expressly provides otherwise, however, the following rules will apply if a Participant’s Employment ceases: 

  
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 (A)    Except as provided in (B) and (C)
below, immediately upon the cessation of the Participant’s Employment, each Stock Option and SAR (or portion thereof) that is then held by the Participant or by the Participant’s permitted transferees, if any, will cease to be exercisable
and will terminate, and each other Award that is then held by the Participant or by the Participant’s permitted transferees, if any, to the extent not then vested, will be forfeited. 

(B)    Subject to (C) and (D) below, each vested and unexercised Stock Option
and SAR (or portion thereof) held by the Participant or the Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment, to the extent then exercisable, will remain exercisable for the
lesser of (i) a period of three months following such cessation of Employment or (ii) the period ending on the latest date on which such Stock Option or SAR could have been exercised without regard to this Section 6(a)(4), and will
thereupon immediately terminate. 
 (C)    Subject to (D) below, each vested and unexercised
Stock Option and SAR (or portion thereof) held by a Participant or the Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment due to his or her death, to the extent then exercisable,
will remain exercisable for the lesser of (i) the one-year period ending on the first anniversary of the Participant’s death or (ii) the period ending on the latest date on which such Stock
Option or SAR could have been exercised without regard to this Section 6(a)(4), and will thereupon immediately terminate. 

(D)    All Awards (whether or not vested or exercisable) held by a Participant or the
Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment will immediately terminate upon such cessation of Employment if the termination is for Cause or occurs in circumstances that in
the determination of the Administrator would have constituted grounds for the Participant’s Employment to be terminated for Cause (in each case, without regard to the lapsing of any required notice or cure periods in connection therewith). 

(5)    Recovery of Compensation. The Administrator may provide in any case that any outstanding Award
(whether or not vested or exercisable), the proceeds from the exercise or disposition of any Award or Stock acquired under any Award, and any other amounts received in respect of any Award or Stock acquired under any Award will be subject to
forfeiture and disgorgement to the Company, with interest and other related earnings, if the Participant to whom the Award was granted is not in compliance with any provision of the Plan or any applicable Award, any
non-competition, non-solicitation, no-hire, non-disparagement, confidentiality, invention
assignment, or other restrictive covenant by which he or she is bound. Each Award shall be subject to any policy of the Company or any of its subsidiaries that provides for forfeiture, disgorgement or clawback with respect to incentive compensation
that includes Awards under the Plan and shall be subject to forfeiture and disgorgement to the extent required by law or applicable stock exchange listing standards, including, without limitation, Section 10D of the Exchange Act. Each
Participant, by accepting or being deemed to have accepted an Award under the Plan, agrees 

  
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(or will be deemed to have agreed) to cooperate fully with the Administrator, and to cause any and all permitted transferees of the Participant to cooperate fully with the Administrator, to
effectuate any forfeiture or disgorgement described in this Section 6(a)(5). Neither the Administrator nor the Company nor any other person, other than the Participant and his or her permitted transferees, if any, will be responsible for any
adverse tax or other consequences to a Participant or his or her permitted transferees, if any, that may arise in connection with this Section 6(a)(5). 

(6)    Taxes. The issuance, delivery, vesting, and retention of Stock, cash or other property
under an Award are conditioned upon the full satisfaction by the Participant of all tax and other withholding requirements with respect to the Award. The Administrator will prescribe such rules for the withholding of taxes and other amounts with
respect to any Award as it deems necessary. The Administrator may hold back shares of Stock from an Award or permit a Participant to tender previously-owned shares of Stock in satisfaction of tax or other withholding requirements (but not in excess
of the maximum withholding amount consistent with the Award being subject to equity accounting treatment under the Accounting Rules). Any amounts withheld pursuant to this Section 6(a)(6) will be treated as though such payment had been made
directly to the Participant. 
 (7)    Dividend Equivalents. The Administrator
may provide for the payment of amounts, on such terms and subject to conditions established by the Administrator, in lieu of cash dividends or other cash distributions with respect to Stock subject to an Award, whether or not the holder of such
Award is otherwise entitled to share in the actual dividend or distribution in respect of such Award. Subject to Section 6(a)(10), any entitlement to dividend equivalents or similar entitlements will be established and administered either
consistent with an exemption from, or in compliance with, the applicable requirements of Section 409A. Dividends and dividend equivalent amounts payable in respect of Awards that are subject to restrictions may be subject to such limitations or
restrictions as the Administrator may impose. 
 (8)    Rights Limited. Nothing in the Plan
or any Award will be construed as giving any person the right to be granted an Award or to continued employment or service with the Company or any of its subsidiaries, or any rights as a stockholder except as to shares of Stock actually issued under
the Plan. The loss of existing or potential profit in any Award will not constitute an element of damages in the event of a termination of a Participant’s Employment for any reason, even if the termination is in violation of an obligation of
the Company or any of its subsidiaries to the Participant. 
 (9)    Coordination with Other
Plans. Awards under the Plan may be granted in tandem with, or in satisfaction of or substitution for, other Awards under the Plan or awards made under other compensatory plans or programs of the Company or any of its subsidiaries.
For example, but without limiting the generality of the foregoing, awards under other compensatory plans or programs of the Company or any of its subsidiaries may be settled in shares of Stock (including, without limitation, Unrestricted Stock)
under the Plan if the Administrator so determines, in which case the shares will be treated as issued under the Plan (and will reduce the Share Pool in accordance with the rules set forth in Section 4). 

  
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 (10)    Section 409A. 

(A)    Without limiting the generality of Section 11(b), each Award will contain such terms as
the Administrator determines and will be construed and administered such that the Award either qualifies for an exemption from the requirements of Section 409A or satisfies such requirements. 

(B)    If a Participant is determined on the date of the Participant’s termination of
Employment to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Code, then, with regard to any payment that is considered nonqualified deferred compensation under Section 409A, to the
extent applicable, payable on account of a “separation from service”, such payment will be made or provided on the date that is the earlier of (i) the first business day following the expiration of the
six-month period measured from the date of such “separation from service” and (ii) the date of the Participant’s death (the “Delay Period”). Upon the expiration of the
Delay Period, all payments delayed pursuant to this Section 6(a)(10)(B) (whether they would have otherwise been payable in a single lump sum or in installments in the absence of such delay) will be paid on the first business day following the
expiration of the Delay Period in a lump sum and any remaining payments due under the Award will be paid in accordance with the normal payment dates specified for them in the applicable Award agreement. 

(C)    With regard to any payment considered to be nonqualified deferred compensation under
Section 409A, to the extent applicable, that is payable upon a change in control of the Company or other similar event, to the extent required to avoid the imposition of any additional tax, interest, or penalty under Section 409A, no
amount will be payable unless such change in control constitutes a “change in control event” within the meaning of Section 1.409A-3(i)(5) of the Treasury Regulations. 

(D)    For purposes of Section 409A, each payment made under the Plan will be treated as a
separate payment. 
 (b)    Stock Options and SARs. 

(1)    Time and Manner of Exercise. Unless the Administrator expressly provides otherwise, no
Stock Option or SAR will be considered to have been exercised until the Administrator receives a notice of exercise in a form acceptable to the Administrator that is signed by the appropriate person and accompanied by any payment required under the
Award. Any attempt to exercise a Stock Option or SAR by any person other than the Participant will not be given effect unless the Administrator has received such evidence as it may require that the person exercising the Award has the right to do so.

 (2)    Exercise Price. The exercise price (or the base value from which appreciation is
to be measured) per share of each Award requiring exercise must be no less than 100% of the Fair Market Value of a share of Stock, determined as of the date of grant, or such higher amount as the Administrator may determine in connection with the
grant. 
 (3)    Payment of Exercise Price. Where the exercise of an Award (or portion
thereof) is to be accompanied by a payment, payment of the exercise price must be made by cash 

  
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or check acceptable to the Administrator or, if so permitted by the Administrator and if legally permissible, (i) through the delivery of previously acquired unrestricted shares of Stock, or
the withholding of unrestricted shares of Stock otherwise issuable upon exercise, in either case, that have a Fair Market Value equal to the exercise price; (ii) through a broker-assisted cashless exercise program acceptable to the
Administrator; (iii) by other means acceptable to the Administrator; or (iv) by any combination of the foregoing permissible forms of payment. The delivery of previously acquired shares in payment of the exercise price under clause
(i) above may be accomplished either by actual delivery or by constructive delivery through attestation of ownership, subject to such rules as the Administrator may prescribe. 

(4)    Maximum Term. The maximum term of Stock Options and SARs must not exceed 10 years from
the date of grant. 
 (5)    Repricing. Except in connection with a corporate transaction
involving the Company (which term includes, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split up, spin-off,
combination or exchange of shares) or as otherwise contemplated by Section 7 below, the Company may not, without obtaining stockholder approval, (i) amend the terms of outstanding Stock Options or SARs to reduce the exercise price or base
value of such Stock Options or SARs; (ii) cancel outstanding Stock Options or SARs in exchange for Stock Options or SARs with an exercise price or base value that is less than the exercise price or base value of the original Stock Options or
SARs; or (iii) cancel outstanding Stock Options or SARs that have an exercise price or base value greater than the Fair Market Value of a share of Stock on the date of such cancellation in exchange for cash or other consideration. 

 

	7.	 EFFECT OF CERTAIN TRANSACTIONS

 (a)    Covered Transactions. Except as otherwise
expressly provided in an Award agreement or by the Administrator, the following provisions will apply in the event of a Covered Transaction: 

(1)    Assumption or Substitution. If the Covered Transaction is one in which there is an
acquiring or surviving entity, the Administrator may provide for (i) the assumption or continuation of some or all outstanding Awards or any portion thereof or (ii) the grant of new awards in substitution therefor by the acquiror or
survivor or an affiliate of the acquiror or survivor. 

(2)    Cash-Out of Awards. Subject to
Section 7(a)(5), the Administrator may provide for payment (a “cash-out”), with respect to some or all Awards or any portion thereof (including only the vested portion thereof), equal in
the case of each applicable Award or portion thereof to the excess, if any, of (i) the Fair Market Value of a share of Stock multiplied by the number of shares of Stock subject to the Award or such portion, minus (ii) the aggregate
exercise or purchase price, if any, of such Award or portion (or, in the case of a SAR, the aggregate base value above which appreciation is measured), in each case, on such payment and other terms and subject to such conditions (which need not be
the same as the terms and conditions applicable to holders of Stock generally ) as the Administrator determines, including that any amounts paid in respect of such Award in connection with the Covered Transaction be placed in escrow or otherwise
made subject to such restrictions as the Administrator deems appropriate. For the 

  
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avoidance of doubt, if the per share exercise or purchase price (or base value) of an Award or portion thereof is equal to or greater than the Fair Market Value of one share of Stock, such Award
or portion may be cancelled with no payment due hereunder or otherwise in respect thereof. 

(3)    Acceleration of Certain Awards. Subject to Section 7(a)(5), the Administrator may
provide that any Award requiring exercise will become exercisable, in full or in part, and/or that the issuance of any shares of Stock remaining issuable under any outstanding Award of Stock Units (including Restricted Stock Units and Performance
Awards to the extent consisting of Stock Units) will be accelerated, in full or in part, in each case, on a basis that gives the holder of the Award a reasonable opportunity, as determined by the Administrator, following the exercise of the Award or
the issuance of the shares, as the case may be, to participate as a stockholder in the Covered Transaction. 

(4)    Termination of Awards upon Consummation of Covered Transaction. Except as the
Administrator may otherwise determine, each Award will automatically terminate (and in the case of outstanding shares of Restricted Stock, will automatically be forfeited) immediately upon the consummation of the Covered Transaction, other than
(i) any Award that is assumed, continued or substituted for pursuant to Section 7(a)(1) and (ii) any Award that by its terms, or as a result of action taken by the Administrator, continues following the Covered Transaction. 

(5)    Additional Limitations. Any share of Stock and any cash or other property delivered
pursuant to Section 7(a)(2) or Section 7(a)(3) with respect to an Award may, in the discretion of the Administrator, contain such limitations or restrictions, if any, as the Administrator deems appropriate, including to reflect any
performance or other vesting conditions to which the Award was subject and that did not lapse (and were not satisfied) in connection with the Covered Transaction. For purposes of the immediately preceding sentence, a
cash-out under Section 7(a)(2) or an acceleration under Section 7(a)(3) will not, in and of itself, be treated as the lapsing (or satisfaction) of a performance or other vesting condition. In the
case of Restricted Stock that does not vest and is not forfeited in connection with the Covered Transaction, the Administrator may require that any amounts delivered, exchanged or otherwise paid in respect of such Stock in connection with the
Covered Transaction be placed in escrow or otherwise made subject to such restrictions as the Administrator deems appropriate to carry out the intent of the Plan. 

(6)    Uniform Treatment. For the avoidance of doubt, the Administrator need not treat
Participants or Awards (or portions thereof) in a uniform matter, and may treat different Participants and/or Awards differently, in connection with a Covered Transaction. 

(b)    Changes in and Distributions with Respect to Stock. 

(1)    Basic Adjustment Provisions. In the event of a stock dividend, stock split or
combination of shares (including a reverse stock split), recapitalization or other change in the Company’s capital structure that constitutes an equity restructuring within the meaning of the Accounting Rules, the Administrator will make
appropriate adjustments to the maximum number of shares of Stock specified in Section 4(a) that may be issued under the Plan, the number and kind of shares of stock or securities underlying Awards then outstanding or subsequently granted, any
exercise or purchase prices (or base values) relating to Awards and any other provision of Awards affected by such change. 

  
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 (2)    Certain Other Adjustments. The
Administrator may also make adjustments of the type described in Section 7(b)(1) to take into account distributions to stockholders other than those provided for in Section 7(a) and 7(b)(1), or any other event, if the Administrator
determines that adjustments are appropriate to avoid distortion in the operation of the Plan or any Award. 

(3)    Continuing Application of Plan Terms. References in the Plan to shares of Stock will be
construed to include any stock or securities resulting from an adjustment pursuant to this Section 7. 
  

	8.	 LEGAL CONDITIONS ON THE ISSUANCE
OF STOCK 

 The Company will not be obligated to issue any shares of Stock pursuant to
the Plan or to remove any restriction from shares of Stock previously issued under the Plan until: (i) the Company is satisfied that all legal matters in connection with the issuance of such shares have been addressed and resolved; (ii) if
the outstanding Stock is at the time of issuance listed on any stock exchange or national market system, the shares to be issued have been listed or authorized to be listed on such exchange or system upon official notice of issuance; and
(iii) all conditions of the Award have been satisfied or waived. The Company may require, as a condition to the exercise of an Award or the issuance of shares of Stock under an Award, such representations or agreements as counsel for the
Company may consider appropriate to avoid violation of the Securities Act of 1933, as amended, or any applicable state or non-U.S. securities law. Any Stock issued under the Plan will be evidenced in such
manner as the Administrator determines appropriate, including book-entry registration or delivery of stock certificates. In the event that the Administrator determines that stock certificates will be issued in connection with Stock issued under the
Plan, the Administrator may require that such certificates bear an appropriate legend reflecting any restriction on transfer applicable to such Stock, and the Company may hold the certificates pending the lapse of the applicable restrictions. 

 

	9.	 AMENDMENT AND TERMINATION 

The Administrator may at any time or times amend the Plan or any outstanding Award for any purpose which may at the time be permitted by
applicable law, and may at any time terminate the Plan as to any future grants of Awards; provided that, except as otherwise expressly provided in the Plan or the applicable Award, the Administrator may not, without the Participant’s
consent, alter the terms of an Award so as to materially and adversely affect the Participant’s rights under the Award, unless the Administrator expressly reserved the right to do in the Plan or at the time the applicable Award was granted. Any
amendments to the Plan will be conditioned upon stockholder approval only to the extent, if any, such approval is required by applicable law (including the Code) or stock exchange requirements, as determined by the Administrator. For the avoidance
of doubt, no adjustment to any Award pursuant to the terms of Section 7 will be treated as an amendment to such Award requiring a Participant’s consent. 

  
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	10.	 OTHER COMPENSATION ARRANGEMENTS 

The existence of the Plan or the grant of any Award will not affect the right of the Company or any of its subsidiaries to grant any person
bonuses or other compensation in addition to Awards under the Plan. 
  

	11.	 MISCELLANEOUS 

(a)    Waiver of Jury Trial. By accepting or being deemed to have accepted an Award under the
Plan, each Participant waives (or will be deemed to have waived), to the maximum extent permitted under applicable law, any right to a trial by jury in any action, proceeding or counterclaim concerning any rights under the Plan or any Award, or
under any amendment, waiver, consent, instrument, document or other agreement delivered or which in the future may be delivered in connection therewith, and agrees (or will be deemed to have agreed) that any such action, proceedings or counterclaim
will be tried before a court and not before a jury. By accepting or being deemed to have accepted an Award under the Plan, each Participant certifies that no officer, representative, or attorney of the Company has represented, expressly or
otherwise, that the Company would not, in the event of any action, proceeding, or counterclaim, seek to enforce the foregoing waivers. Notwithstanding anything to the contrary in the Plan, nothing herein is to be construed as limiting the ability of
the Company and a Participant to agree to submit any dispute arising under the terms of the Plan or any Award to binding arbitration or as limiting the ability of the Company to require any individual to agree to submit such disputes to binding
arbitration as a condition of receiving an Award hereunder. 
 (b)    Limitation of
Liability. Notwithstanding anything to the contrary in the Plan or any Award, neither the Company, nor any of its subsidiaries, nor the Administrator, nor any person acting on behalf of the Company, any of its subsidiaries, or the
Administrator, will be liable to any Participant, to any permitted transferee, to the estate or beneficiary of any Participant or any permitted transferee, or to any other person by reason of any acceleration of income, any additional tax, or any
penalty, interest or other liability asserted by reason of the failure of an Award to satisfy the requirements of Section 409A or by reason of Section 4999 of the Code, or otherwise asserted with respect to any Award. 

(c)    Unfunded Plan. The Company’s obligations under the Plan are unfunded, and no
Participant will have any right to specific assets of the Company in respect of any Award. Participants will be general unsecured creditors of the Company with respect to any amounts due or payable under the Plan. 

 

	12.	 ESTABLISHMENT OF
SUB-PLANS 

 The Administrator may at any time
and from time to time establish one or more sub-plans under the Plan (for local law compliance purposes or other purposes or administrative reasons determined by the Administrator) by adopting supplements to
the Plan containing, in each case, (i) such limitations on the Administrator’s discretion under the Plan and (ii) such additional terms and conditions, as the Administrator deems necessary or desirable. Each supplement so established
will be deemed to be part of the Plan but will apply only to Participants within the group to which the supplement applies (as determined by the Administrator). 

  
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	13.	 GOVERNING LAW 

(a)    Certain Requirements of Corporate Law. Awards and shares of Stock will be granted,
issued and administered consistent with the requirements of applicable Massachusetts law relating to the issuance of stock and the consideration to be received therefor, and with the applicable requirements of the stock exchanges or other trading
systems on which the Stock is listed or entered for trading, in each case, as determined by the Administrator. 

(b)    Other Matters. Except as otherwise provided by the express terms of an Award agreement
or under a sub-plan described in Section 12, the domestic substantive laws of the Commonwealth of Massachusetts govern the provisions of the Plan and of Awards under the Plan and all claims or disputes
arising out of or based upon the Plan or any Award under the Plan or relating to the subject matter hereof or thereof, without giving effect to any choice or conflict of laws provision or rule that would cause the application of the domestic
substantive laws of any other jurisdiction. 
 (c)    Jurisdiction. By accepting (or being
deemed to have accepted) an Award, each Participant agrees or will be deemed to have agreed to (i) submit irrevocably and unconditionally to the jurisdiction of the federal and state courts located within the geographic boundaries of the United
States District Court for the District of Massachusetts for the purpose of any suit, action or other proceeding arising out of or based upon the Plan or any Award; (ii) not commence any suit, action or other proceeding arising out of or based
upon the Plan or any Award, except in the federal and state courts located within the geographic boundaries of the United States District Court for the District of Massachusetts; and (iii) waive, and not assert, by way of motion as a defense or
otherwise, in any such suit, action or proceeding, any claim that he or she is not subject personally to the jurisdiction of the above-named courts that his or her property is exempt or immune from attachment or execution, that the suit, action or
proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that the Plan or any Award or the subject matter thereof may not be enforced in or by such court. 

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 EXHIBIT A 

Definitions 
 The
following terms, when used in the Plan, have the meanings and are subject to the provisions set forth below: 
 “Accounting Rules”:
Financial Accounting Standards Board Accounting Standards Codification Topic 718, or any successor provision. 
 “Administrator”: The
Compensation Committee, provided that the Board may act in lieu of the Compensation Committee on any matter relating to the Plan. Awards granted under the Plan must be approved by the Compensation Committee or a majority of the Company’s
independent directors (as defined in Rule 5605(a)(2) of the Nasdaq Listing Rules) in order to comply with the exemption from the stockholder approval requirement for “inducement grants” provided under Rule 5635(c)(4) of the Nasdaq Listing
Rules. The Compensation Committee (or the Board) may delegate (i) to one or more of its members (or one or more other members of the Board) such of its duties, powers and responsibilities as it may determine; and (ii) to such employees or
other persons as it determines such ministerial tasks as it deems appropriate. For purposes of the Plan, the term “Administrator” will include the Board, the Compensation Committee, and the person or persons delegated authority under the
Plan to the extent of such delegation, as applicable. 
 “Award”: Any or a combination of the following: 

 

	 	(1)	 Stock Options. 

 

	 	(2)	 SARs. 

  

	 	(3)	 Restricted Stock. 

 

	 	(4)	 Unrestricted Stock. 

 

	 	(5)	 Stock Units, including Restricted Stock Units. 

 

	 	(6)	 Performance Awards. 

 

	 	(7)	 Awards (other than Awards described in (1) through (6) above) that are convertible into or
otherwise based on Stock. 

 “Beneficiary”: In the event of a Participant’s death, the beneficiary named in the
written designation (in a form acceptable to the Administrator) most recently filed with the Administrator by the Participant prior to his or her death and not subsequently revoked, or, if there is no such designated beneficiary, the executor or
administrator of the Participant’s estate. An effective beneficiary designation will be treated as having been revoked only upon receipt by the Administrator, prior to the Participant’s death, of an instrument of revocation in a form
acceptable to the Administrator. 
 “Board”: The Board of Directors of the Company. 

  
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 “Cause”: In the case of any Participant who is party to an offer letter or employment,
retention or severance-benefit agreement that contains a definition of “Cause,” the definition set forth in such letter or agreement applies with respect to such Participant for purposes of the Plan for so long as such letter or agreement
is in effect. In every other case, “Cause” means, as determined by the Administrator, (i) a substantial failure of the Participant to perform the Participant’s duties and responsibilities to the Company or any of its subsidiaries
or substantial negligence in the performance of such duties and responsibilities; (ii) the commission by the Participant of a felony or a crime involving moral turpitude; (iii) the commission by the Participant of theft, fraud,
embezzlement, material breach of trust or any material act of dishonesty involving the Company or any of its subsidiaries; (iv) a significant violation by the Participant of the code of conduct of the Company or any of its subsidiaries of any
material policy of the Company or any of its subsidiaries, or of any statutory or common law duty of loyalty to the Company or any of its subsidiaries; (v) material breach of any of the terms of the Plan or any Award made under the Plan, or of
the terms of any other agreement between the Company or any of its subsidiaries and the Participant; or (vi) other conduct by the Participant that could be expected to be harmful to the business, interests or reputation of the Company. 

“Change in Control”: means, as determined by the Administrator, one of the following events or occurrences, provided that such event or
occurrence is also a “change in control event” within the meaning of Section 409A, to the extent required to comply with Section 409A: 
  

	 	(1)	 the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership of any capital stock of the Company if, after such acquisition, such Person beneficially owns (within the meaning of Rule
13d-3 promulgated under the Exchange Act) 50% or more of either (x) the then outstanding shares of Stock (the “Outstanding Company Common Stock”) or (y) the combined voting power of
the then outstanding securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (1), the
following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company (excluding an acquisition pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into or
exchangeable for Stock or voting securities of the Company, unless the Person exercising, converting or exchanging such security acquired such security directly from the Company or an underwriter or agent of the Company), or (ii) any
acquisition by any corporation pursuant to a transaction which complies with clauses (i) and (ii) of subsection (3) of this definition; 

  

	 	(2)	 such time as the Continuing Directors (as defined below) do not constitute a majority of the Board (or,
if applicable, the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (i) who was a member of the Board on the Date of Adoption or
(ii) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a
majority of the directors who were Continuing Directors at 

  
 A-2 

	 	
the time of such nomination or election; provided, however, that there shall be excluded from this clause (ii) any individual whose initial assumption of office occurred as a
result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or 

 

	 	(3)	 the consummation of a merger, consolidation, reorganization, recapitalization or statutory share
exchange involving the Company or a sale or other disposition of all or substantially all of the assets of the Company in one or a series of transactions (a “Business Combination”), unless, immediately following such Business
Combination, each of the following two conditions is satisfied: (i) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then outstanding shares of common stock and the combined voting power of the then outstanding securities entitled to vote generally in the
election of directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns the Company or substantially all of the
Company’s assets either directly or through one or more subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as their ownership,
immediately prior to such Business Combination, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively; and (ii) no Person (excluding any employee benefit plan (or related trust) maintained or sponsored
by the Company or by the Acquiring Corporation) beneficially owns, directly or indirectly, 50% or more of the then outstanding shares of common stock of the Acquiring Corporation, or of the combined voting power of the then outstanding securities of
such corporation entitled to vote generally in the election of directors (except to the extent that such ownership existed prior to the Business Combination). 

“Code”: The U.S. Internal Revenue Code of 1986, as from time to time amended and in effect, or any successor statute as from time to time in
effect. 
 “Company”: TransMedics Group, Inc., a Massachusetts corporation. 

“Compensation Committee”: The Compensation Committee of the Board. 

“Covered Transaction”: Any of (i) a consolidation, merger or similar transaction or series of related transactions, including a sale or
other disposition of stock, in which the Company is not the surviving corporation or which results in the acquisition of all or substantially all of the Company’s then-outstanding common stock by a single person or entity or by a group of
persons and/or entities acting in concert; (ii) a sale or transfer of all or substantially all the Company’s assets; (iii) a Change in Control; or (iv) a dissolution or liquidation of the Company. Where a Covered Transaction
involves a tender offer that is reasonably expected to be followed by a merger described in clause (i) (as determined by the Administrator), the Covered Transaction will be deemed to have occurred upon consummation of the tender offer. 

  
 A-3 

 “Date of Adoption”: The date the Plan was approved by the Board. 

“Disability”: With respect to any Participant, a condition or impairment that would entitle the Participant to receive disability benefits
under the Company’s long-term disability policy as in effect at the relevant time (if the Participant participated in such policy). 

“Employment”: A Participant’s employment with the Company or any of its subsidiaries. If a Participant’s employment is with any
subsidiary of the Company and that entity ceases to be a subsidiary of the Company, the Participant’s Employment will be deemed to have terminated when the entity ceases to be a subsidiary of the Company unless the Participant transfers
Employment to the Company or one of its remaining subsidiaries. Notwithstanding the foregoing, in construing the provisions of any Award relating to the payment of “nonqualified deferred compensation” (subject to Section 409A) upon a
termination or cessation of Employment, references to termination or cessation of employment, separation from service, retirement or similar or correlative terms will be construed to require a “separation from service” (as that term is
defined in Section 1.409A-1(h) of the Treasury Regulations, after giving effect to the presumptions contained therein) from the Company and from all other corporations and trades or businesses, if any,
that would be treated as a single “service recipient” with the Company under Section 1.409A-1(h)(3) of the Treasury Regulations. The Company may, but need not, elect in writing, subject to the
applicable limitations under Section 409A, any of the special elective rules prescribed in Section 1.409A-1(h) of the Treasury Regulations for purposes of determining whether a “separation from
service” has occurred. Any such written election will be deemed a part of the Plan. 
 “Exchange Act”: The Securities Exchange Act of
1934, as amended. 
 “Fair Market Value”: As of a particular date, (i) the closing price for a share of Stock reported on the Nasdaq
Global Market (or any other national securities exchange on which the Stock is then listed) on that date or, if no closing price is reported for that date, the closing price on the immediately preceding date on which a closing price was reported or
(ii) in the event that the Stock is not traded on a national securities exchange, the fair market value of a share of Stock determined by the Administrator consistent with the rules of Section 409A to the extent
applicable.     
 “Participant”: A person who is granted an Award under the Plan. 

“Performance Award”: An Award subject to performance-vesting conditions, which may include Performance Criteria. 

“Performance Criteria”: Specified criteria, other than the mere continuation of Employment or the mere passage of time, the satisfaction of
which is a condition for the grant, exercisability, vesting, or full enjoyment of an Award. A Performance Criterion and any targets with respect thereto need not be based upon an increase, a positive or improved result, or avoidance of loss and may
be applied to a Participant individually, to a business unit or division of the Company or to the Company as a whole and may relate to any or any combination of the following or any other criterion or criteria determined by the Administrator
(measured either absolutely or comparatively 

  
 A-4 

 
(including, without limitation, by reference to an index or indices or the performance of one or more companies) and determined either on a consolidated basis or, as the context permits, on a
divisional, subsidiary, line of business, project or geographical basis or in combinations thereof and subject to such adjustments, if any, as the Administrator specifies): sales; revenues; assets; expenses; earnings before or after deduction for
all or any portion of interest, taxes, depreciation, or amortization, whether or not on a continuing operations or an aggregate or per share basis; return on equity, investment, capital or assets; one or more operating ratios; borrowing levels,
leverage ratios or credit rating; market share; capital expenditures; cash flow; stock price; stockholder return; sales of particular products or services; customer acquisition or retention; acquisitions and divestitures (in whole or in part); joint
ventures and strategic alliances; spin-offs, split-ups and the like; reorganizations; recapitalizations, restructurings, financings (issuance of debt or equity) or refinancings; or strategic business criteria,
consisting of one or more objectives based on: meeting specified market penetration or value added, product development or introduction (including, without limitation, any clinical trial accomplishments, regulatory or other filings or approvals, or
other product development milestones), geographic business expansion, cost targets, cost reductions or savings, customer satisfaction, operating efficiency, acquisition or retention, employee satisfaction, information technology, corporate
development (including, without limitation, licenses, innovation, research or establishment of third-party collaborations), manufacturing or process development, legal compliance or risk reduction, or patent application or issuance goals. A
Performance Criterion may also be based on individual performance and/or subjective performance criteria not listed above. The Administrator may provide that one or more of the Performance Criteria applicable to such Award will be adjusted in a
manner to reflect events (for example, but without limitation, acquisitions or dispositions) occurring during the performance period that affect the applicable Performance Criterion or Criteria. 

“Plan”: The TransMedics Group, Inc. Inducement Plan, as from time to time amended and in effect. 

“Restricted Stock”: Stock subject to restrictions requiring that it be forfeited, redelivered, or offered for sale to the Company if
specified performance or other vesting conditions are not satisfied. 
 “Restricted Stock Unit”: A Stock Unit that is, or as to which the
issuance of Stock or delivery of cash in lieu of Stock is, subject to the satisfaction of specified performance or other vesting conditions. 

“SAR”: A right entitling the holder upon exercise to receive an amount (payable in cash or in shares of Stock of equivalent value) equal to
the excess of the Fair Market Value of the shares of Stock subject to the right over the base value from which appreciation under the SAR is to be measured. 

“Section 409A”: Section 409A of the Code and the regulations thereunder. 

“Stock”: Common stock of the Company, par value $0.0001 per share. 

  
 A-5 

 “Stock Option”: An option entitling the holder to acquire shares of Stock upon payment of
the exercise price. No option granted under the Plan is intended to be an “incentive stock option” within the meaning of Section 422 of the Code. 

“Stock Unit”: An unfunded and unsecured promise, denominated in shares of Stock, to issue Stock or deliver cash measured by the value of
Stock in the future. 
 “Substitute Award”: An Award issued under the Plan in substitution for one or more equity awards of an
acquired company that are converted, replaced, or adjusted in connection with the acquisition. 
 “Unrestricted Stock”:
Stock not subject to any restrictions under the terms of the Award. 

  
 A-6EX-10.1

 Exhibit 10.1 

FORM OF 
 TRANSITION SERVICES
AGREEMENT 
 BY AND BETWEEN 

INTERNATIONAL PAPER COMPANY 
 AND

 SYLVAMO CORPORATION 
 DATED
AS OF [•], 2021 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1.  DEFINITIONS; INTERPRETATION
	  	 	1	 
			
	 1.1
	 	Definitions	  	 	1	 
	 1.2
	 	Interpretation	  	 	3	 
		
	 2.  TERM AND PROVISION OF SERVICES
	  	 	4	 
			
	 2.1
	 	Services	  	 	4	 
	 2.2
	 	Performance of Services	  	 	4	 
	 2.3
	 	Privacy and Data Protection Laws	  	 	4	 
	 2.4
	 	Security Policies	  	 	5	 
	 2.5
	 	Changes for Services	  	 	5	 
	 2.6
	 	Omitted Services	  	 	6	 
	 2.7
	 	Subcontracting	  	 	6	 
	 2.8
	 	Extension of a Term	  	 	7	 
	 2.9
	 	Third Party Consents	  	 	7	 
	 2.10
	 	Cooperation	  	 	7	 
		
	 3.  PRICING, BILLING AND PAYMENT
	  	 	8	 
			
	 3.1
	 	Service Fees	  	 	8	 
	 3.2
	 	Adjustments to Service Fees	  	 	8	 
	 3.3
	 	Billing Procedures	  	 	8	 
	 3.4
	 	Late Payments	  	 	9	 
	 3.5
	 	Monthly Cost	  	 	9	 
	 3.6
	 	Taxes	  	 	9	 
	 3.7
	 	Withholding	  	 	9	 
	 3.8
	 	Post-Term Invoice	  	 	10	 
	 3.9
	 	Invoice Disputes	  	 	10	 
	 3.10
	 	No Set-Off	  	 	10	 
		
	 4.  ACCESS
	  	 	10	 
			
	 4.1
	 	Access	  	 	10	 
	 4.2
	 	Information	  	 	11	 
		
	 5.  TRANSITION
	  	 	11	 
			
	 5.1
	 	Transitional Nature of Services	  	 	11	 
	 5.2
	 	Migration Services	  	 	12	 

  
 i 

							
		
	 6.  INDEMNITY
	  	 	12	 
	 6.1
	 	Service Provided Indemnity	  	 	12	 
	 6.2
	 	Service Recipient Indemnity	  	 	12	 
	 6.3
	 	Mitigation	  	 	12	 
	 6.4
	 	Procedures	  	 	13	 
		
	 7.  LIMITED WARRANTY; LIMITATION ON DAMAGES
	  	 	13	 
			
	 7.1
	 	LIMITED WARRANTY	  	 	13	 
	 7.2
	 	EXCLUDED DAMAGES	  	 	13	 
	 7.3
	 	PARENT’S LIMITATIONS ON LIABILITY	  	 	13	 
	 7.4
	 	SPINCO’S LIMITATIONS ON LIABILITY	  	 	13	 
	 7.5
	 	EXCLUSIVE REMEDIES	  	 	14	 
		
	 8.  OBLIGATION TO PROVIDE SERVICES
	  	 	14	 
		
	 9.  FORCE MAJEURE
	  	 	14	 
		
	 10.  INSURANCE
	  	 	15	 
		
	 11.  CONFIDENTIALITY OF INFORMATION
	  	 	15	 
		
	 12.  TERMINATION
	  	 	15	 
			
	 12.1
	 	Term	  	 	15	 
	 12.2
	 	Early Termination by Service Provider	  	 	15	 
	 12.3
	 	Early Termination by Service Recipient	  	 	16	 
	 12.4
	 	Return or Destroy of Information	  	 	16	 
		
	 13.  RELATIONSHIP OF PARTIES
	  	 	16	 
		
	 14.  PROJECT MANAGERS; DISPUTE RESOLUTION
	  	 	17	 
			
	 14.1
	 	Project Managers	  	 	17	 
	 14.2
	 	Dispute Resolution	  	 	17	 
		
	 15.  RECORDS
	  	 	17	 
			
	 15.1
	 	Retention of Records	  	 	17	 
	 15.2
	 	Property of Service Recipient	  	 	18	 
	 15.3
	 	Retention by Service Provider	  	 	18	 

  
 ii 

							
	 16. ASSIGNMENT AND DELEGATION
	  	 	19	 
		
	 17.  NOTICES
	  	 	19	 
		
	 18.  SURVIVAL
	  	 	19	 
		
	 19.  GENERAL PROVISIONS
	  	 	19	 
			
	 19.1
	 	Severability	  	 	19	 
	 19.2
	 	Counterparts	  	 	19	 
	 19.3
	 	Entire Agreement	  	 	20	 
	 19.4
	 	Amendments; Waivers	  	 	20	 
	 19.5
	 	No Third Party Beneficiaries	  	 	20	 
	 19.6
	 	Specific Performance	  	 	20	 
	 19.7
	 	Waiver of Jury Trial	  	 	20	 
	 19.8
	 	Jurisdiction; Service of Process	  	 	21	 
	 19.9
	 	Governing Law	  	 	21	 
	 19.10
	 	Local Agreements	  	 	22	 

 Schedule I – Transition Services and Reverse Transition Services 

Schedule II – Excluded Services 
 Schedule III – Lead
Representatives 
  

  
 iii 

 TRANSITION SERVICES AGREEMENT 

THIS AGREEMENT (this “Agreement”) is made as of [●], between International Paper Company, a New York corporation
(“Parent”), and Sylvamo Corporation, a Delaware corporation (“SpinCo” and, together with Parent, the “Parties”). Capitalized terms used herein and not otherwise defined shall have the meanings
assigned to them in the Separation and Distribution Agreement (as defined below). 
 WHEREAS, Parent and SpinCo have entered into the
Separation and Distribution Agreement, dated as of [●], 2021 (the “Separation and Distribution Agreement”), pursuant to which, among other things, certain assets and liabilities constituting the SpinCo Business will be
transferred to SpinCo and its Subsidiaries, and at least 80.1% of the outstanding SpinCo Shares will be distributed to Parent’s shareholders; 

WHEREAS, the SpinCo Business uses certain services provided by Parent or by Third Parties under contract to Parent, and SpinCo desires to
obtain the use of these services for the purpose of enabling it to manage an orderly transition; and 
 WHEREAS, SpinCo acknowledges that
Parent is not in the business of providing such services to Third Parties; 
 NOW, THEREFORE, in consideration of the mutual covenants and
agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as set forth herein. 

1. DEFINITIONS; INTERPRETATION 
 1.1
Definitions. The following terms shall have the respective meanings set out below and grammatical variations of such terms shall have corresponding meanings: 

“Agreement” has the meaning set forth in the preamble. 

“Excluded Services” means those services set forth on Schedule II hereto. 

“Extension Period” means the period by which a Term is extended in accordance with Section 2.8. 

“Force Majeure Event” has the meaning set forth in Article IX. 

“Local Agreement” has the meaning set forth in Section 19.10. 

“Migration” means the transition or migration from the provision of a particular Service by Service Provider to Service
Recipient under this Agreement to performance of such Service by Service Recipient or a Third Party designated by Service Recipient. 

“Migration Services” has the meaning set forth in Section 5.2. 

“Omitted Services” has the meaning set forth in Section 2.6. 

 “Parent” has the meaning set forth in the preamble. 

“Party” means either Parent or SpinCo, as the context requires, and “Parties” means both of them, as the
context requires. 
 “Post-Term Invoice” has the meaning set forth in Section 3.8. 

“Project Manager” has the meaning set forth in Section 14.1. 

“Providing Party” has the meaning set forth in Section 11. 

“Receiving Party” has the meaning set forth in Section 11. 

“Reference Period” has the meaning set forth in Section 2.2. 

“Reverse Transition Services” means each service specified in Part B of Schedule I hereto to be provided from
SpinCo to Parent, or any Supplemental Schedule thereto as may be agreed to from time to time by the Parties. 
 “Sales and Service
Taxes” has the meaning set forth in Section 3.6. 
 “Schedules” means Schedule I, Schedule
II, Schedule III and any Supplemental Schedule. 
 “Security Policies” has the meaning set forth in
Section 2.4. 
 “Separation and Distribution Agreement” has the meaning set forth in the recitals. 

“Service” means, as the context requires, one or more Transition Services and/or one or more Reverse Transition Services.

 “Service Delivery Environment” means the equipment, software, systems, databases, communications networks and
connectivity, and facilities used by Service Provider to provide the Services. 
 “Service Fees” has the meaning set forth
in Section 3.1. 
 “Service Provider” means, in the case of Transition Services, Parent and any of its
Affiliates providing Transition Services hereunder, and, in the case of Reverse Transition Services, SpinCo and any of its Subsidiaries to the extent that they are providing Reverse Transition Services hereunder. 

“Service Provider Fiscal Month” means a month during Service Provider’s fiscal year, as determined by Service Provider
for accounting purposes. 
 “Service Provider Indemnitees” has the meaning set forth in Section 6.2. 

  
 2 

 “Service Recipient” means, in the case of Transition Services, SpinCo and
any of its Affiliates receiving Transition Services hereunder, and, in the case of Reverse Transition Services, Parent and any of its Subsidiaries to the extent that they are receiving Reverse Transition Services hereunder. 

“Service Recipient Data” means all the data owned and provided solely by Service Recipient, or created by Service Provider
solely on behalf, or for the benefit, of Service Recipient, that is used by Service Provider solely in relation to the provision of the Services, including employee information, customer information, product details and pricing information. 

“Service Recipient Indemnitees” has the meaning set forth in Section 6.1. 

“SpinCo” has the meaning set forth in the preamble. 

“Supplemental Schedule” has the meaning set forth in Section 2.6. 

“Term” has the meaning set forth in Section 2.1. 

“Transaction Agreements” means, collectively, this Agreement, the Separation and Distribution Agreement, the other Ancillary
Agreements and the Exhibits, Schedules and appendices hereto and thereto. 
 “Transition Period” means the period from the
Distribution Date until all of the Terms for all of the Services have expired or otherwise terminated in accordance with Section 12, and no further Services are being provided hereunder; provided such period shall not extend
beyond the date that is fifteen (15) months after the Distribution Date. 
 “Transition Service” means each service
specified in Part A of Schedule I hereto to be provided by Parent to SpinCo, or any Supplemental Schedule thereto as may be agreed to from time to time by the Parties. 

1.2 Interpretation. When a reference is made in this Agreement to a Section or Schedule, such reference shall be to a
Section or Schedule of this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Unless the context
requires otherwise, references to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof, and by this
Agreement. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof,”
“herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless the context requires, “or,”
“neither,” “nor,” “any,” and “either,” shall not be exclusive. All terms defined in this Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant
hereto unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as the feminine and neuter genders of such terms. When a
reference is made 

  
 3 

 
in this Agreement to “Service Provider” or “Service Recipient,” such reference shall be to the provider or recipient of either Transition Services or Reverse Transition
Services as the context requires with reference to the particular Transition Service or Reverse Transition Service at issue. Notwithstanding that each of Parent and SpinCo, and their respective Affiliates, may act under this Agreement in the
capacity of both a Service Provider and a Service Recipient, the rights, duties, obligations or liabilities of a Service Provider or Service Recipient set forth in this Agreement shall be limited as the context requires to the rights, duties,
obligations or liabilities of the Party acting in the capacity of Service Provider or Service Recipient with reference to the particular Services, rights, duties, obligations or liabilities at issue. 

2. TERM AND PROVISION OF SERVICES 
 2.1
Services. During the Transition Period, but subject to the terms set forth in this Agreement, Service Provider shall provide to Service Recipient (or cause to be provided by its Affiliates or Third Parties to Service Recipient) each
Service set forth on Schedule I hereto, which Schedule I shall also include the scope of such Service and fees associated with such Service. Subject to Section 12, each Service shall be provided for the period of time
following the Distribution that is indicated on the Schedules for such Service (any such period of time with respect to a Service, including any extension period agreed to by the Parties pursuant to Section 2.10, a
“Term”); provided that in no event shall any Term exceed a period of one (1) year or, if extended by Service Recipient pursuant to Section 2.8, a period ending fifteen (15) months after the Distribution Date.

 2.2 Performance of Services. Except as otherwise expressly provided on Schedule I hereto, Service Provider shall perform, or
shall cause one or more of its Subsidiaries to perform, all Services to be provided by Service Provider in a manner that is based on its past practice and that is substantially similar in all material respects to the analogous services provided by
or on behalf of Parent or any of its Subsidiaries to Parent and its Subsidiaries or its applicable functional group during the 12 months prior to the Distribution Date (“Reference Period”); provided, however, that,
nothing in this Agreement shall require Service Provider to favor Service Recipient’s operation of its business over Service Provider’s own business operation; provided, further, that Service Provider shall have the right and
sole discretion to establish priorities, as between Service Recipient, on the one hand, and Service Provider, on the other hand, as to the provision of any Service, so long as Service Provider uses commercially reasonable efforts to maintain
sufficient resources to perform the Services in accordance with this Agreement. Service Provider shall use commercially reasonable efforts to promptly advise Service Recipient of any Services which will be interrupted or delayed as a result of such
prioritization. 
 2.3 Privacy and Data Protection Laws. Service Provider and Service Recipient shall, and shall cause their
respective Affiliates to, comply with applicable privacy and data security Laws in the provision or receipt of Services. Furthermore, the provisions of Schedule IV hereto shall govern Service Provider’s Processing of Personal Data (as these
terms are defined in Schedule IV) in connection with the provision of Services. 

  
 4 

 2.4 Security Policies. Service Recipient shall comply with all of Service
Provider’s security policies, procedures and requirements relating to the Service Delivery Environment in effect, which shall be no less rigorous than Parent’s policies, procedures and requirements or such other policies as may be adopted
by Parent from time to time after the Effective Time (provided that Parent notifies SpinCo in writing of any such change) in connection with its access and use of the Services (the “Security Policies”), and shall not tamper
with, compromise or circumvent any security or audit measures employed by Service Provider. Service Provider shall limit access to the Service Delivery Environment to Service Provider personnel who are specifically authorized to have such access,
and shall take such measures to prevent unauthorized access, use, destruction, alteration or loss of SpinCo Business data or Parent Business data, as applicable, and other information contained therein. Service Recipient shall access and use only
that portion of the Service Delivery Environment for which Service Recipient has been granted the right to access and use; provided, however, that Service Provider shall not unreasonably limit the grant of such access and use by
authorized personnel. Neither Party shall establish any type of external network connectivity into the other Party’s systems or network, including WAN or Internet connectivity, without the prior written consent of the other Party. Service
Recipient shall limit access of its personnel to the Service Delivery Environment to those personnel who are specifically authorized to have such access and shall cause such personnel to comply with the Security Policies in accessing the Service
Delivery Environment in accordance with the terms of this Section 2.4. If, at any time, a Party determines that (a) any of its personnel has sought to circumvent, or has circumvented, the Security Policies, (b) any unauthorized
personnel of such Party has accessed the Service Delivery Environment, or (c) any of its personnel has engaged in activities that may reasonably be expected to lead to the unauthorized access, use, destruction, alteration or loss of data,
information or software, such Party shall promptly terminate such personnel’s access to the Service Delivery Environment and promptly notify the other Party in writing. In addition, Service Provider shall have the right to deny personnel of
Service Recipient access to the Service Delivery Environment upon at least 24 hours’ written notice to Service Recipient in the event that Service Provider reasonably believes that such personnel have engaged in any of the activities set forth
in this Section 2.4 or otherwise pose a security concern. Each Party shall reasonably cooperate with the other Party in investigating any apparent unauthorized access to or use of the Service Delivery Environment. 

2.5 Changes for Services. The Parties acknowledge that, subject to Section 2.2, the manner, means, and resources to
provide the Services are in the reasonable discretion of Service Provider, and Service Provider may make changes from time to time in the manner of performing the Services if Service Provider is making similar changes in performing analogous
services for itself and if Service Provider furnishes to Service Recipient reasonable prior written notice of such changes; provided, if such change shall materially adversely affect the timeliness or quality of, or the Service Fees for, the
applicable Service, Service Recipient shall be permitted to terminate this Agreement or the applicable specific Service pursuant to Section 12.3. Each agreed upon change shall be documented by an amendment in writing to the applicable
Schedule. 

  
 5 

 2.6 Omitted Services. If any services (other than Excluded Services) that were
previously provided to or for the benefit of either Party or their respective Subsidiaries, or caused to be provided to or for the benefit of either Party or their respective Subsidiaries during the Reference Period that Parent or SpinCo reasonably
believes are necessary for such Party to operate the Parent Business or the SpinCo Business, respectively, in substantially the same manner as such business was conducted prior to the Distribution Date, and such services have been omitted from
Schedule I hereto (“Omitted Services”), then (i) at the request of Service Recipient (made within three months after the Distribution Date) and (ii) so long as Service Recipient is unable to secure such services
from a Third Party on commercially reasonable terms, Service Provider shall use commercially reasonable efforts to provide such services, or cause such services to be provided, as promptly as reasonably practicable, pursuant to a supplemental
written schedule mutually agreed upon by the Parties acting reasonably and in good faith (each such supplemental written schedule, a “Supplemental Schedule”), setting forth in reasonable detail the nature, scope, term, rates,
termination provisions and other terms applicable to such Omitted Service to be provided; provided, however, that no Party shall be obligated to provide such services if (x) the Parties are unable to reach agreement on the terms
thereof or (y) Service Provider does not, in its reasonable judgment, have the capability and existing capacity to provide such services or if the provision of any such services would significantly disrupt the operation of its or its
Subsidiaries’ businesses; provided, further, that (x) the Service Fees shall for such Omitted Services shall be the fully loaded costs of Service Provider to provide any such Omitted Service and (y) that the obligations
of Service Provider to provide any Omitted Services shall be subject to Service Recipient’s use of its commercially reasonable efforts to cooperate with Service Provider in the provision of such services, and to the extent that changes to the
systems, operations or business of Service Recipient implemented in connection with the transactions contemplated by the Separation and Distribution Agreement after the Distribution Date require alterations in the means of providing any such
service, Service Provider shall be obligated only to use its commercially reasonable efforts to make such alterations. Any Omitted Service that is provided or caused to be provided by Service Provider pursuant to this Section 2.6 shall
be a “Transition Service” or a “Reverse Transition Service”, as applicable, for the purposes of this Agreement (other than as specifically indicated herein). For the avoidance of doubt, any Supplemental Schedule shall be deemed
to be part of Schedule I hereto. Notwithstanding anything to the contrary that may be set forth or implied elsewhere in this Agreement or in the Separation and Distribution Agreement, Service Provider shall not, and shall be under no
obligation to, provide any Excluded Services after the Distribution Date. 
 2.7 Subcontracting. Subject to the service level
requirements set forth in Section 2.2, Service Provider may use Third Parties to provide some or all of the Services. Notwithstanding any such use of Third Parties, Service Provider shall remain fully obligated for the provision of such
Services to the Service Recipient in accordance with the terms hereof; provided, however, if (i) Service Provider elects to use a Third Party service provider for all or substantially all of its and its Subsidiaries’
requirements and/or needs and (ii) Service Provider is able to assign, and has assigned, to Service Recipient, Service Provider’s rights and remedies against such Third Party service provider, such that Service Recipient may pursue such
rights and remedies directly, Service Provider shall have no liability to Service Recipient in connection with a failure to perform by such Third Party that is not caused by the action or inaction of Service Provider. 

  
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 2.8 Extension of a Term. In the event that any Service is required beyond its Term,
Service Recipient shall provide Service Provider with a written notice of extension no later than sixty (60) days prior to the expiration of the Term of such Service; provided, that Service Recipient shall only be allowed one three
(3)-month extension of any Term; provided, further, that in no event shall any Term be extended beyond the date that is fifteen (15) months after the Distribution Date. Such notice shall indicate the period during which Service
Recipient wishes to receive such Service after the date of expiration of the Term for such Service; provided, that Service Provider shall not be obligated to provide such extended Service if (x) Service Provider does not, in its
reasonable judgment, have the capability and existing capacity to provide such Service or if the provision of such Service would significantly disrupt the operation of its or any member of its Group’s business, or (y) there are
interdependencies among such Service and any other Services, for which the Term will expire prior to the end of such extension, and such interdependencies cannot be addressed despite good-faith negotiations between the Parties. Subject to obtaining
any necessary Third Party consents in accordance with Section 2.9, Service Provider shall provide, or cause to be provided, the Service to Service Recipient for such period, it being understood and agreed that the Service Fees for each
applicable Service shall be subject to a 20% increase from the original Service Fees during any Extension Period. In addition, Service Recipient shall reimburse Service Provider for any reasonable and documented incremental fees charged by Third
Party service providers in connection with granting any consent or otherwise extending the Service, in each case, solely with respect to an extension of the Term. 

2.9 Third Party Consents. Service Provider shall not be required to provide a Service to the extent the provision of such Service by
Service Provider materially conflicts with any contract or agreement to which Service Provider is a party prior to the date hereof or the rights of any Third Party with respect thereto or violates any applicable Law. The Parties shall cooperate in
good faith to use commercially reasonable efforts to obtain any consents from third parties that Service Provider reasonably believes are necessary in order for Service Provider to provide the Services. All reasonable out-of-pocket costs and
expenses (if any) incurred by Service Provider to obtain any such consents shall be paid by Service Recipient. In the event that Service Provider is unable to obtain any such consent, Service Provider shall be relieved of its obligation to provide
such Service hereunder. 
 2.10 Cooperation. Unless otherwise provided for in this Agreement, the Parties shall use their commercially
reasonable efforts to cooperate with each other in all matters relating to the provision and receipt of the Transition Services and the Reverse Transition Services. Such cooperation shall include exchanging Information, providing electronic access
to systems used in connection with the Transition Services and Reverse Transition Services. Each Party shall cooperate with the other Party in determining the extent to which any Tax is due and owing with respect to any of the Transition Services or
Reverse Transition Services, as applicable, and in providing and making available appropriate documentation or Information reasonably requested by the other Party including, but not limited to, applicable resale and/or exemption certificates. 

  
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 3. PRICING, BILLING AND PAYMENT 

3.1 Service Fees. With respect to each Service, Service Recipient shall pay to Service Provider those amounts determined in accordance
with the rates and charges, including any set-up or one-time costs, set forth in the Schedule for such Service, and in addition, Service Recipient shall pay Service Provider all reasonable incidental costs and
expenses reasonably incurred by Service Provider in providing the Services, including air fare (coach class), lodging, meals, mileage, parking and ground transportation, in each case in accordance with Service Provider’s standard policies with
respect to such incidental costs and expenses (collectively, the “Service Fees”). Subject to Section 2.8 and Section 3.2, during the term of this Agreement, the amount of a Service Fee for any Service (or
category of Service, as applicable) shall not increase, except to the extent that there is an evidenced increase after the date hereof in the costs actually incurred by Service Provider in providing such Service, including as a result of (i) an
increase in the amount of such Service being provided to Service Recipient (as compared to the amount of the Service underlying the determination of a Service Fee), (ii) an increase in the rates or charges imposed by any Third Party that is
providing goods or services used by Service Provider in providing the Service (as compared to the rates or charges underlying a Service Fee), (iii) an increase in the payroll or benefits for any employees used by Service Provider in providing
the Service, or (iv) any increase in costs relating to any changes in the quality, nature, duration or quantity of the Service provided or how the Service is provided (including relating to newly installed products or equipment or any upgrades
to existing products or equipment). 
 3.2 Adjustments to Service Fees. In the event that any Service is terminated by Service
Recipient in accordance with Section 12.3 but subject to Section 3.5, the Service Fees shall automatically be adjusted downward (by the associated fee for such Service set forth on the respective Schedule from and after the
first day of the month following termination of such Service). To the extent that such Service is provided to Service Provider by a Third Party service provider, Service Provider may at any time increase the charges for any Service upon written
notice to Service Recipient provided such increase is only to the extent of the amount of increase charged by such Third Party service provider. 

3.3 Billing Procedures. Not later than twenty-one (21) days after the last day of each Service Provider Fiscal Month, Service
Provider shall provide to Service Recipient an itemized invoice for the preceding Service Provider Fiscal Month’s Service Fees. The amount stated in such invoice (to the extent such amount is not the subject of a good faith dispute in
accordance with the terms set forth in Section 3.9) shall be paid by Service Recipient in full within thirty (30) days of the date of Service Recipient’s receipt of the invoice (or the next Business Day following such date, if
such thirtieth (30th) day is not a Business Day) through payment to an account designated by Service Provider. To protect confidential or competitively sensitive Information, Service Provider may aggregate the Service Fees with respect to some
or all of the Services included in such invoice; provided, that Service Provider shall, and shall cause its Affiliates to, provide such back-up therefor as reasonably requested by Service Recipient in connection therewith to the extent
reasonably required to permit Service Recipient and its Representatives to review and evaluate the amounts set forth in such invoice and verify such amounts; provided, however, that in the event that the Service Provider determines
that providing such Information could be commercially detrimental, violate any applicable Law or agreement or waive any attorney-client privilege, then the Parties shall use commercially reasonable efforts to facilitate the provision of such
Information in a manner that avoids such harm and consequence. Any disputes regarding overpayment shall be resolved in accordance with the procedures set forth in Section 14. 

  
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 3.4 Late Payments. Without prejudice to Service Provider’s other rights and
remedies, in the event any sum due (other than those subject to dispute in good faith) to Service Provider pursuant to the terms of this Agreement remains unpaid thirty (30) days after the applicable due date, interest shall accrue daily, from
the due date until the date of actual payment, at an annual interest rate equal to 8%. 
 3.5 Monthly Cost. The cost of each Service
is a monthly cost, and the full monthly cost of each Service (applying the volume level, if applicable, of such Service at the beginning of a Service Provider Fiscal Month) shall apply in respect of such Service until such Service is terminated in
its entirety as provided in Section 12.3. 
 3.6 Taxes. Service Recipient shall pay and be liable for any and all sales,
service, value-added or other similar Taxes or levies (but not including any Taxes based upon or calculated by reference to income, receipts or capital or withholding taxes) imposed upon, sustained, incurred or levied with respect to the sale,
performance, provision or delivery of the Transition Services or Reverse Transition Services, as applicable, provided by Service Provider pursuant to this Agreement (“Sales and Service Taxes”). Such Sales and Service Taxes shall be
separately stated on the relevant invoice to the Service Recipient and shall be payable by Service Recipient to Service Provider in the manner set forth in Section 3.3. Service Recipient’s obligation to pay Sales and Service Taxes
under this Section 3.6 shall be subject to the receipt by Service Recipient of a valid and customary invoice or other document under the terms of applicable Law for each Sales and Service Tax. Service Provider shall be responsible for
the remittance to the applicable Tax authority of any Sales and Service Taxes paid by Service Recipient to Service Provider. If Service Recipient complies with the terms of this Section 3.6 regarding the timely payment of Sales and
Service Taxes to Service Provider, it shall not be liable for any interest, penalties or other charges attributable to Service Provider’s improper filing relating to Sales and Service Taxes or late payment or failure to remit Sales and Service
Taxes to the relevant Tax authority. In the event that Service Provider receives a refund of (or credit for) any Sales and Service Taxes paid by Service Recipient pursuant to this Section 3.6, Service Provider shall promptly notify
Service Recipient and shall pay over to Service Recipient such refund or the amount of such credit. In connection with the Transition Services or Reverse Transition Services, as applicable, provided pursuant to this Agreement, each Party shall be
responsible for, and shall withhold or pay or both (or cause to be withheld or paid or both), as may be required by Law, all Taxes pertaining to the employment of such Party’s personnel, agents, servants or designees. Each of Service Provider
and Service Recipient shall pay and be responsible for their own Taxes based on their own income or profits or assets. With respect to this Section 3.6, the Parties shall reasonably cooperate with each other and use commercially
reasonable efforts to take any action to provide or make available any information reasonably requested (and with a sufficient level of detail) in order to minimize any Sales and Service Taxes payable with respect to the Transition Services or
Reverse Transition Services, as applicable. 
 3.7 Withholding. Payments for Services or other amounts due under this Agreement shall
be made net of applicable withholding Taxes; provided, however, that if Service Provider reasonably believes that a reduced rate of withholding Tax applies or Service Provider is exempt from withholding Tax, (a) Service Provider
shall provide Service Recipient with appropriate and customary documentation that provides Service Provider qualifies for a reduction to or 

  
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exemption from withholding under applicable Law and (b) Service Recipient shall use commercially reasonable efforts to apply such reduced rate of withholding or not withhold if Service
Provider provides Service Recipient with evidence satisfactory to Service Recipient that a reduced rate of or no withholding is required by applicable Law. Service Recipient shall promptly remit any amounts withheld to the appropriate taxing
authority in accordance with applicable Law and all such amounts so withheld and paid to the relevant taxing authority shall be treated for all purposes of this Agreement as having been paid to Service Provider. In the event that Service Recipient
receives a refund of any amounts previously withheld from payments to Service Provider and remitted, Service Recipient shall surrender such refund to Service Provider. 

3.8 Post-Term Invoice. With respect to any Service Fees that accrue or are incurred by Service Provider or its Affiliates during the
Transition Period but that are not billed by Service Provider in a monthly invoice, or of which Service Provider does not become aware until after the Transition Period, Service Provider shall set forth such fees in an invoice or invoices submitted
to Service Recipient following the end of the Transition Period (each, a “Post-Term Invoice”). Subject to Section 3.9, and so long as such Post-Term Invoice is received by Service Recipient as promptly as practicable and
in any event within one (1) year following the Transition Period, Service Recipient shall remit payment under any such Post-Term Invoice to Service Provider within thirty (30) days after its receipt of such invoice. 

3.9 Invoice Disputes. In connection with Section 3.3 or 3.8, in the event of an invoice dispute of which Service
Recipient is aware, Service Recipient shall deliver a written statement to Service Provider no later than ten (10) days prior to the date payment is due on the disputed invoice listing all disputed items and providing a reasonably detailed
description of each disputed item. Amounts not in dispute amongst the Parties shall be deemed accepted and shall be paid, notwithstanding disputes on other items, within the period set forth in Section 3.3 or 3.8, as applicable.
The Parties shall use their commercially reasonable efforts to resolve all such other disputes expeditiously in accordance with the procedures set forth in Section 14. When the disputed amount has been resolved, any Party owing an amount
to another Party as a result of such resolution shall pay such amount owed to such other Party within ten (10) Business Days following such resolution. This Section 3.9 shall not relieve Service Provider of its obligations to
perform the Services. 
 3.10 No Set-Off. Each of the Parties hereby acknowledges that it shall have no right under this Agreement to
offset any amounts owed (or to become due or owing) to the other Party, whether under this Agreement, the Separation and Distribution Agreement or otherwise, against any other amount owed (or to become due or owing) to it by the other Party. 

4. ACCESS 
 4.1 Access. Service
Provider and Service Recipient shall, and shall cause their respective Affiliates to, provide to each other and their respective agents and vendors reasonable access (during normal business hours (when appropriate with respect to physical access),
upon reasonable notice and supervised by the appropriate personnel of the Parties or as otherwise agreed by the Parties) to the Information, personnel, and systems necessary (x) for the efficient

  
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and accurate administration, provision, receipt or use of each of the Services and to avoid the duplication of any expenses or benefits thereunder and (y) as reasonably necessary to verify
the accuracy of internal controls over information technology, reporting of financial data and related processes employed in connection with verifying compliance with Section 4040 of the Sarbanes-Oxley Act of 2002; provided, that all
such Information shall be shared subject to the confidentiality obligations set forth in Section 11, and any Party or Third Party vendor receiving such Information shall agree to be bound by such obligations prior to the provision of any
such Information. Service Provider and Service Recipient agree that all of their and their Subsidiaries’ respective employees shall, and that they shall use commercially reasonable efforts to cause their respective Representatives’
employees to, when on the property of the other Party, or when given access to any facilities, Information, systems, infrastructure or personnel of such Party and its Subsidiaries, conform to the policies and procedures of such Party, concerning
health, safety, conduct and security which are made known or provided to the visiting Party from time to time. 
 4.2 Information. All
Services provided shall be based upon reasonably timely, accurate and complete Information from Service Recipient, which Service Recipient shall use its commercially reasonable efforts to provide, and Service Provider shall be released from its
obligations to provide or cause to be provided reasonably timely, accurate and complete Services to the extent (but only to the extent) Service Recipient fails to provide timely, accurate and complete Information to Service Provider reasonably
necessary for the provision of such Services. Service Recipient’s failure to perform or delay in performing any of its obligations hereunder shall not constitute grounds for termination by Service Provider of this Agreement except as provided
in Section 12.2; provided, however, that Service Provider’s nonperformance of its obligations under this Agreement shall be excused if and to the extent (i) such Service Provider’s nonperformance results from
Service Recipient’s failure to perform its obligations hereunder and (ii) Service Provider provides Service Recipient with written notice of such nonperformance. 

5. TRANSITION 
 5.1 Transitional Nature
of Services. The Parties acknowledge and agree that the Services to be provided hereunder are transitional in nature and are intended to provide Service Recipient with reasonable time to develop the internal resources and capacities (or to
arrange for Third Party providers) to provide such Services. Service Recipient shall use commercially reasonable efforts to reduce or eliminate its and its Group’s dependency on each Service to the extent and as soon as is reasonably
practicable (it being understood that this Section 5.1 shall not require Service Recipient to terminate any Service prior to the initial termination date for such Service set forth on the applicable Schedule). No later than 60 days after
the Distribution Date, the Parties shall consult for the purpose of agreeing upon the terms of and a plan for the Migration of all Services. Service Recipient will have the primary responsibility for planning and carrying out the Migration of
Services prior to the expiration of the Transition Period. Subject to Section 5.2 below and the other terms of this Agreement, Service Provider will provide reasonable cooperation and assistance as requested to support Service
Recipient’s Migration efforts. 

  
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 5.2 Migration Services. To the extent that Service Recipient requires reasonable
support, assistance and other services to effect an orderly Migration without interruption to the Services subject to the Migration (“Migration Services”), Service Recipient shall submit a written request describing such Migration
Services to Service Provider’s Project Manager, and upon at least ten (10) days’ written notice to Service Provider, the Parties shall meet to discuss and agree, each Party acting reasonably and in good faith, on the scope, timing,
hourly rates and other terms of such Migration Services, such agreement to be set forth on a Supplemental Schedule. Service Provider shall then provide such Migration Services; provided, that the Parties’ intent is that Migration
Services shall include only such services that Service Provider is capable of providing. Any Migration Service that is provided or caused to be provided by Service Provider pursuant to this Section 5.2 shall be a “Transition
Service” or a “Reverse Transition Service”, as applicable, for the purposes of this Agreement (other than as specifically indicated herein). 

6. INDEMNITY 
 6.1 Service Provider
Indemnity. Subject to Section 7 and in addition to, but not in duplication of, any indemnification obligations under the Separation and Distribution Agreement, Service Provider shall indemnify Service Recipient and its Affiliates and
its and their respective officers, directors, employees, partners, managers or persons acting in a similar capacity, agents, consultants, financial and other advisors, accountants, attorneys and other representatives (the “Service Recipient
Indemnitees”) in respect of, and hold such Service Recipient Indemnitees harmless from and against, all Losses (other than with respect to Taxes, which are governed exclusively by Sections 3.6 and 3.7) incurred or suffered by
Service Recipient Indemnitees relating to, arising out of or resulting from the receipt of the Services only to the extent that such Losses result from the gross negligence or intentional misconduct of Service Provider or any of its Affiliates or
any of its or their respective officers, directors or employees in providing any of the Services rendered or to be rendered by or on behalf of Service Provider pursuant to this Agreement. 

6.2 Service Recipient Indemnity. Subject to Section 7 and in addition to, but not in duplication of, any indemnification
obligations under the Separation and Distribution Agreement, the Service Recipient shall indemnify Service Provider and its Affiliates and its and their respective officers, directors, employees, partners, managers or persons acting in a similar
capacity, agents, consultants, financial and other advisors, accountants, attorneys and other representatives (the “Service Provider Indemnitees”) in respect of, and hold Service Provider Indemnitees harmless from and against, all
claims of Third Parties (other than with respect to Taxes, which are governed exclusively by Sections 3.6 and 3.7) relating to, arising out of or resulting from the Services rendered or to be rendered by or on behalf of Service
Provider pursuant to this Agreement, the transactions contemplated by this Agreement or Service Provider’s actions or inactions in connection with any such Services or transactions, except to the extent that such claim results from gross
negligence or intentional misconduct of Service Provider or any of its Affiliates or any of its or their respective officers, directors or employees in providing any of the Services rendered or to be rendered by or on behalf of Service Provider
pursuant to this Agreement. 

  
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 6.3 Mitigation. Each of the Parties shall use its commercially reasonable efforts to
mitigate its respective Losses upon and after becoming aware of any event or condition that would reasonably be expected to give rise to any Losses that are indemnifiable hereunder. 

6.4 Procedures. The procedures specified in Article IV of the Separation and Distribution Agreement shall apply with respect to any
indemnification claims under this Section 6. 
 7. LIMITED WARRANTY; LIMITATION ON DAMAGES 

7.1 LIMITED WARRANTY. NOTWITHSTANDING ANY PROVISION TO THE CONTRARY, UNLESS EXPRESSLY SET FORTH HEREIN, SERVICE PROVIDER REPRESENTS AND
WARRANTS ONLY THAT THE SERVICES SHALL BE IN CONFORMITY WITH THIS AGREEMENT (INCLUDING SECTION 2.2). THE ABOVE-STATED LIMITED WARRANTY IS THE SERVICE PROVIDER’S SOLE AND EXCLUSIVE WARRANTY WITH RESPECT TO ANY SERVICES PROVIDED UNDER THIS
AGREEMENT. THE SERVICE PROVIDER DOES NOT MAKE ANY OTHER WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY AND SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES, WHETHER OF MERCHANTABILITY, SUITABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR OTHERWISE FOR
SUCH SERVICES. 
 7.2 EXCLUDED DAMAGES. IN NO EVENT SHALL ANY PARTY OR SUCH PARTY’S AFFILIATES, OR ANY OF ITS OR THEIR RESPECTIVE
OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES, BE LIABLE FOR ANY SPECIAL, PUNITIVE, EXEMPLARY, CONSEQUENTIAL, INCIDENTIAL OR INDIRECT DAMAGES, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY, OTHER LAW OR OTHERWISE, IN ALL CASES,
EXCEPT TO THE EXTENT PAYABLE IN RESPECT TO A THIRD-PARTY CLAIM. 
 7.3 PARENT’S LIMITATIONS ON LIABILITY. NOTWITHSTANDING
ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF PARENT WITH RESPECT TO SERVICES PROVIDED TO, OR SERVICES RECEIVED FROM, SPINCO OR ANY OF ITS AFFILIATES OR ANY OF ITS OR THEIR RESPECTIVE OFFICERS, DIRECTORS OR EMPLOYEES PURSUANT TO THIS
AGREEMENT, WHETHER IN CONTRACT, TORT OR OTHERWISE, SHALL NOT EXCEED, IN THE AGGREGATE IN ANY APPLICABLE CALENDAR YEAR, THE AGGREGATE AMOUNT OF SERVICE FEES ACTUALLY PAID TO PARENT BY SPINCO DURING THE TERM (EXCLUDING ANY AMOUNTS CHARGED BY PARENT AS
REIMBURSEMENT OF THIRD PARTY FEES). 
 7.4 SPINCO’S LIMITATIONS ON LIABILITY. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED
HEREIN, THE LIABILITY OF SPINCO WITH RESPECT TO SERVICES PROVIDED TO, OR SERVICES RECEIVED FROM, PARENT OR ANY OF ITS AFFILIATES OR ANY OF ITS OR THEIR RESPECTIVE OFFICERS, DIRECTORS OR EMPLOYEES PURSUANT TO THIS AGREEMENT, WHETHER IN CONTRACT, TORT
OR OTHERWISE, SHALL NOT EXCEED, IN THE AGGREGATE IN ANY APPLICABLE CALENDAR YEAR, THE AGGREGATE AMOUNT OF SERVICE FEES ACTUALLY PAID TO PARENT BY SPINCO DURING THE TERM (EXCLUDING ANY AMOUNTS CHARGED BY PARENT AS REIMBURSEMENT OF THIRD PARTY FEES).

  
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 7.5 EXCLUSIVE REMEDIES. THE PROVISIONS OF SECTIONS 6.1, 6.2, 12
AND 19.6 OF THIS AGREEMENT SHALL BE THE SOLE AND EXCLUSIVE REMEDIES OF THE SERVICE PROVIDER INDEMNITEES AND THE SERVICE RECIPIENT INDEMNITEES, AS APPLICABLE, FOR ANY CLAIM, LOSS, DAMAGE, EXPENSE OR LIABILITY, WHETHER ARISING FROM STATUTE,
PRINCIPLE OF COMMON OR CIVIL LAW, PRINCIPLES OF STRICT LIABILITY, TORT, CONTRACT OR OTHERWISE UNDER THIS AGREEMENT. 
 8. OBLIGATION TO PROVIDE SERVICES

 The Parties acknowledge that notwithstanding any delegation of their respective responsibilities under this Agreement to a Third
Party, except as provided in the proviso in Section 2.7, such delegating Party shall remain responsible for the provision of the Services which such Party is obligated to provide and any Third Party’s compliance with the performance
and standard of performance set forth herein. 
 9. FORCE MAJEURE 

Service Provider shall not be responsible for failure or delay in delivery of any Service that it has responsibility for providing hereunder,
if the event (a) does not arise or result from the fault or negligence of Service Provider (or any Person acting on its behalf) and (b) by its nature would not reasonably have been foreseen by Service Provider (or such Person), or, if it
would reasonably have been foreseen, was beyond the control of Service Provider, including acts of God, acts of civil or military authority, embargoes, pandemics (including the COVID-19 pandemic), epidemics, wars, riots, protests or civil unrest,
insurrections, fires, explosions, earthquakes, floods, government shutdowns, shortage of adequate power or transportation facilities, travel restrictions, unusually severe weather conditions, labor problems, unavailability of supplies or the
response of any Governmental Authority to any of the foregoing, or, in the case of computer systems, any significant and prolonged failure in electrical or air conditioning equipment (a “Force Majeure Event”), provided that,
notwithstanding the foregoing, the receipt by a Party of an unsolicited takeover offer or other acquisition proposal, even if unforeseen or unavoidable, and such Party’s response thereto shall not be deemed a Force Majeure Event. Service
Provider shall, promptly after knowledge of the beginning of a Force Majeure Event, notify Service Recipient of a Force Majeure Event that results in a failure or delay in delivery of any Service that it has responsibility for providing hereunder,
the reason therefor, and the estimated probable duration and consequence thereof. The Parties acknowledge and agree that such estimation shall not be considered binding in any way, and Service Provider shall not incur liability of any kind if such
estimation proves to be inaccurate. Service Provider shall use its commercially reasonable efforts to restore provision of the Services in accordance with this Agreement as soon as reasonably practicable following the commencement of a Force Majeure

  
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Event. In the event that Service Provider is excused from supplying a Service pursuant to this Section 9, Service Recipient shall be free to acquire replacement services from a Third
Party at Service Recipient’s expense, and without liability to Service Provider for Service Fees during the duration of the Force Majeure Event, for the period and to the extent reasonably necessitated by such non-performance. 

10. INSURANCE 
 Each Party shall,
throughout the term of this Agreement, carry appropriate insurance with a reputable insurance company covering property damage, business interruptions and general liability insurance (including contractual liability) to protect its own business and
property interests. To the extent either Party insures, in whole or in part, through a plan of self-insurance, the Parties acknowledge that such self-insurance shall be acceptable for purposes of this Agreement. In the case of any conflict between
the terms of this Section 10 and the terms of the Separation and Distribution Agreement, the Separation and Distribution Agreement shall control. 

11. CONFIDENTIALITY OF INFORMATION 

Except as provided below, all Information disclosed between Service Provider and Service Recipient pursuant to this Agreement, including
Information relating to or received from Third Parties and any Service Recipient Data, are deemed confidential (“Confidential Information”), except, in each case, to the extent that such information has been (i) in the public
domain or generally available to the public, other than as a result of a disclosure by such Party or any member of such Party’s Group or any of their respective Representatives in violation of this Agreement, (ii) later lawfully acquired
from other sources by such Party (or any member of such Party’s Group) which sources are not themselves bound by a confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality with respect to such
confidential and proprietary information, or (iii) independently developed or generated without reference to or use of any Confidential Information of such other Party or any member of such other Party’s Group. A Party receiving
Confidential Information (the “Receiving Party”) shall not use such information for any purpose other than for which it was disclosed by the party providing such information (the “Providing Party”) and, except as
otherwise permitted by this Agreement, shall not disclose to Third Parties any Confidential Information for a period of five (5) years from the termination or expiration of this Agreement or, with respect to any trade secrets, indefinitely. The
obligations of the Receiving Party and the Providing Party with regard to Confidential Information shall be governed by and set forth in Sections 6.10 and 6.11 of the Separation and Distribution Agreement, which shall be deemed incorporated by
reference herein. 
 12. TERMINATION 

12.1 Term. The term of this Agreement shall be for the Transition Period. This Agreement is a master agreement and shall be construed as
a separate and independent agreement for each and every Service provided under this Agreement. Any termination of this Agreement with respect to any Service shall not terminate this Agreement with respect to any other Service then being provided
pursuant to this Agreement. 

  
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 12.2 Early Termination by Service Provider. Upon at least thirty (30) days’
prior written notice, Service Provider may, at its option, terminate this Agreement with respect to any or all Services it provides hereunder or suspend performance of its obligations with respect thereto, in either case solely in the event of the
material breach by Service Recipient of this Agreement with respect to such Service or the failure of Service Recipient to pay any invoice within ninety (90) days of the receipt of such invoice, unless Service Recipient is disputing the invoice
in good faith pursuant to Section 3.3. 
 12.3 Early Termination by Service Recipient. If at any time during the
applicable Term, Service Recipient wishes to terminate a Transition Service or a Reverse Transition Service, as the case may be, Service Recipient shall provide a written request of termination to Service Provider at least forty-five (45) days
prior to the proposed effective date of termination. If Service Provider determines, in good faith, that the termination of such Service would, or is reasonably likely to, result in Service Provider’s inability to provide any remaining Services
in accordance with this Agreement (taking into account any interdependencies of the proposed terminated Service and the remaining Services), including with respect to the quality standards, or result in a Party’s inability to maintain the
confidentiality of Information disclosed between Service Provider and Service Recipient pursuant to this Agreement, then Service Provider shall notify Service Recipient thereof in writing and the Parties shall negotiate in good faith to determine an
alternative solution to enable Service Provider to maintain the ability to provide all other Services not subject to such written request of termination provided in the first sentence of this Section 12.3. Service Recipient shall
reimburse Service Provider for incremental fees charged by Third Party service providers in connection with the early termination of Services; provided, that Service Provider shall use its commercially reasonable efforts to minimize such
incremental fees. 
 12.4 Return or Destroy of Information. Upon termination or expiration of this Agreement for any reason, Service
Provider shall, upon the written request of Service Recipient, deliver to Service Recipient or destroy (provided such destruction is promptly confirmed in writing by Service Provider if requested by Service Recipient), at Service
Provider’s option, all Information provided to Service Provider by Service Recipient and pertaining to any matters for which Service Provider was providing Transition Services or Reverse Transition Services, as applicable, hereunder;
provided, however, Service Provider may retain copies of such Information to the extent necessary for accounting, tax reporting, compliance with Service Provider’s document retention policies or other legitimate business purposes,
subject to the requirements of Section 11. 
 13. RELATIONSHIP OF PARTIES 

In providing the Services, Service Provider is acting as and shall be considered an independent contractor. This Agreement is not intended to
create and shall not be construed as creating between Service Provider and Service Recipient any relationship other than an independent contractor and purchaser of contract services. The Parties specifically acknowledge that they are not, and this
Agreement is not intended to and shall not be construed to make them, affiliates of one another and that no principal and agent, joint venture, partnership or similar relationship, or any other relationship, that imposes or implies any fiduciary
duty, including any duty of care or duty of loyalty exists between the Parties. Except as expressly set forth herein, no Party has the authority to, and each Party agrees that it shall not, directly or indirectly contract any obligations of any kind
in the name of or chargeable against the other Party without such other Party’s prior written consent. 

  
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 14. PROJECT MANAGERS; DISPUTE RESOLUTION 

14.1 Project Managers. Service Provider and Service Recipient shall each assign one person to act as that Party’s project manager
(the “Project Manager”) for each area of service listed on Schedule III hereto (and other categories, as may be agreed by the Parties). The Project Managers shall (a) represent and act for their respective Party for
matters related to the applicable Service, and (b) meet and/or confer on a regular basis (at mutually agreed times and locations) to review the activities under this Agreement and to discuss the status and progress of such activities. Either
Party may designate a different individual as its lead representative with respect to the Transition Services or the Reverse Transition Services at any time by delivering prior written notice to the other Party. Service Provider shall promptly
notify Service Recipient of any reassignments or changes in contact information of the Project Manager or other key personnel identified in the Schedules hereto. No Project Manager or lead representative for a Party shall have any authority to amend
this Agreement. 
 14.2 Dispute Resolution. The Parties shall use good faith efforts to resolve any controversy or claim arising out
of this Agreement, the interpretation of any of the provisions hereof, or the actions of the Parties hereunder. In the event of a breach of this Agreement, or a dispute as to the meaning of this Agreement or any of its terms which the Parties cannot
resolve by themselves amicably, the following provisions shall apply (which provisions shall be in addition to, and not a limitation of, the Parties’ remedies under Section 6, 12 or 19.6): 

(a) All disputes or issues arising hereunder shall first be referred to the applicable Project Managers for resolution. In the
event any such dispute or issue is not resolved in a timely manner, such matter shall be referred to senior management representatives, with appropriate decision making authority for prompt resolution of the matter. If still not resolved, the issue
shall be escalated to Service Recipient’s lead representative and Service Provider’s lead representative for resolution. The names and contact information for each of Service Recipient’s and Service Provider’s lead representative
with regard to an issue or dispute arising out of or relating to the Transition Services and Reverse Transition Services shall be set forth on Schedule III hereto. 

(b) If the Parties are unable to resolve such dispute within sixty (60) days following the commencement of negotiations
pursuant to Section 14.2(a), then such dispute shall be resolved in accordance with the dispute resolution procedures set forth in Article VII of the Separation and Distribution Agreement. 

(c) This Section 14.2 shall apply without prejudice to any Party’s right to seek remedies under
Section 6, 12 or 19.6 to which such Party may be entitled at any time. 

  
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 15. RECORDS 

15.1 Retention of Records. During the Transition Period, Service Provider shall retain, in accordance with the policies of Parent as in
effect at the Effective Time or such other policies as may be adopted by Parent after the Effective Time (provided that Parent notifies SpinCo in writing of any such change), all Information with respect to matters relating to the Services
provided to Service Recipient hereunder that are in a form and contain a level of detail substantially consistent with the records maintained by Service Provider in providing similar services to the SpinCo Business or the Parent Business, as
applicable, prior to the Distribution Date. As promptly as practicable following the expiration of the applicable Term (or earlier termination) of any Service, Service Provider shall use its commercially reasonable efforts to furnish to Service
Recipient the Information belonging to Service Recipient and relating to such Service as clearly identified by Service Recipient at Service Recipient’s own expense, unless Service Recipient reasonably requests that Service Provider retain such
Information. Upon delivery of any such Information to Service Recipient, Service Provider shall have no further obligations to Service Recipient with respect to such Information. If reasonably requested by Service Recipient to retain any such
Information, Service Provider shall, at Service Recipient’s sole cost, retain such Information in accordance with the first sentence of this Section 15.1, provided that Service Provider shall have no obligation to retain such
Information for more than three (3) years following the expiration of the applicable Term (or earlier termination) of such Service related to such retained Information. Thereafter, Service Provider may dispose of such Information after
providing Service Recipient reasonable notice and opportunity to take possession of such Information at Service Recipient’s own expense. Service Provider shall be obligated to provide Tangible Information only in the form, condition and format
in which it then exists, and in no event shall Service Provider be required to perform any improvement, modification, conversion, updating or reformatting of any such Tangible Information. 

15.2 Property of Service Recipient. The Service Recipient Data shall be and shall remain the property of Service Recipient and, to the
extent reasonably practicable, shall be promptly provided to Service Recipient by Service Provider upon Service Recipient’s request. The Service Provider shall use Service Recipient Data solely to provide the Services to Service Recipient as
set forth herein and for no other purpose whatsoever. 
 15.3 Retention by Service Provider. Notwithstanding anything herein to the
contrary and subject to Section 11, Service Provider may retain copies of the Information and Service Recipient Data in accordance with policies and procedures implemented by Service Provider in order to comply with applicable Law,
professional standards or reasonable business practice, including document retention policies as in effect from time to time and in accordance with past practices. 

  
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 16. ASSIGNMENT AND DELEGATION 

This Agreement and all of the provisions hereof shall be binding upon and shall inure to the benefit of the Parties hereto and their respective
successors and permitted assigns. Except as set forth in Section 2.10, neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned or delegated, directly or indirectly, in whole or in part,
including by operation of law, by any Party hereto without the prior written consent of the other Party hereto, which consent shall not be unreasonably withheld; provided, however, that either Party may assign this Agreement to any of
its Affiliates without the consent of the other Party or delegate its rights or obligations hereunder, in whole or in part, to any of its Affiliates; provided, further, that SpinCo may assign any or all of its rights or interests under
this Agreement without the consent of Parent (a) to any Person providing debt financing under the SpinCo Financing Arrangements pursuant to the terms thereof for purposes of creating a security interest herein or otherwise assign as collateral
in respect of such debt financing or (b) in connection with a Change of Control of a Party so long as the resulting, surviving or transferee Person assumes all the obligations of the relevant party thereto by operation of Law or pursuant to an
agreement in form and substance reasonably satisfactory to the other Party. No assignment by any Party shall relieve such Party of any of its obligations hereunder; provided, that to the extent full performance or payment is made in full by
an Affiliate or Affiliates of Service Provider or Service Recipient with respect to an obligation of Service Provider or Service Recipient, as applicable, hereunder, such obligation shall be in full satisfaction of such obligation of such Person
hereunder. 
 17. NOTICES 
 Other than
for routine communications with respect to operational matters under this Agreement, the procedures specified in Section 10.5 of the Separation and Distribution Agreement shall apply with respect to all notices, requests, claims, demands and
other communications under this Agreement. 
 18. SURVIVAL 

The Parties’ rights and obligations under Sections 3, 6, 7, 11 and 15 through 19 shall survive
expiration or termination of this Agreement. 
 19. GENERAL PROVISIONS 

19.1 Severability. If any provision of this Agreement or the application of any such provision to any Person or circumstance shall be
determined by a court of competent jurisdiction to be invalid, unenforceable or void, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to which it
has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a
suitable and equitable provision to effect the original intent of the Parties. 
 19.2 Counterparts. This Agreement may be executed in
one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties hereto or the parties thereto, respectively, and delivered to the
other Party hereto or parties thereto, respectively. Delivery of an executed counterpart of a signature page to this Agreement (whether executed by manual, stamp or mechanical signature) by facsimile or by email portable document format (PDF) shall
be as effective as delivery of a manually executed counterpart of this Agreement. 

  
 19 

 19.3 Entire Agreement. This Agreement, together with the other Transaction
Agreements, shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with
respect to such subject matter, and there are no agreements or understandings between the Parties other than those set forth or referred to herein or therein. In the case of any conflict between the terms of this Agreement and the terms of any other
Transaction Agreement regarding the subject matter hereof, the terms of this Agreement shall control. In the case of any ambiguity between the terms and condition of the main body of this Agreement and a Schedule to this Agreement, the terms and
conditions of the main body of this Agreement shall control. 
 19.4 Amendments; Waivers. No provisions of this shall be deemed
waived, amended, supplemented or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment,
supplement or modification. No failure or delay by either Party in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of
any other right hereunder. 
 19.5 No Third Party Beneficiaries. The provisions of this Agreement are solely for the benefit of the
Parties hereto and parties thereto, respectively, and are not intended to confer upon any other Person any rights or remedies hereunder. Except with regard to and as provided in Section 6, no Person shall be deemed a Third Party
beneficiary under this Agreement. 
 19.6 Specific Performance. Notwithstanding anything to the contrary contained herein or in any
other Transaction Agreement, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party hereto, who is, or is to be, thereby aggrieved will have the right to specific
performance and injunctive or other equitable relief in respect of its rights under this Agreement, in addition to all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that the
remedies at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law would be adequate is waived. Any requirements
for the securing or posting of any bond with such remedy are waived by each of the Parties to this Agreement. 
 19.7 Waiver of Jury
Trial. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF ANY ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 19.7. 

  
 20 

 19.8 Jurisdiction; Service of Process. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE, OR, IF (AND ONLY IF) SUCH COURT FINDS IT LACKS SUBJECT MATTER JURISDICTION, THE FEDERAL COURT OF THE UNITED
STATES OF AMERICA SITTING IN DELAWARE, AND APPELLATE COURTS THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT RELATING HERETO, AND EACH OF THE PARTIES HEREBY IRREVOCABLY
AND UNCONDITIONALLY (I) AGREES NOT TO COMMENCE ANY SUCH ACTION OR PROCEEDING EXCEPT IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, OR, IF (AND ONLY IF) SUCH COURT FINDS IT LACKS SUBJECT MATTER JURISDICTION, THE FEDERAL COURT OF THE UNITED
STATES OF AMERICA SITTING IN DELAWARE, AND APPELLATE COURTS THEREOF, (II) AGREES THAT ANY CLAIM IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, OR, IF (AND ONLY IF) SUCH
COURT FINDS IT LACKS SUBJECT MATTER JURISDICTION, THE FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN DELAWARE, AND APPELLATE COURTS THEREOF, (III) WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION THAT
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH ACTION OR PROCEEDING IN SUCH COURTS AND (IV) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN
SUCH COURTS. THE PARTIES HEREBY AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH ANY SUCH ACTION OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 17, OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW, SHALL BE VALID AND
SUFFICIENT SERVICE THEREOF AND HEREBY WAIVE ANY OBJECTIONS TO SERVICE ACCOMPLISHED IN THE MANNER HEREIN PROVIDED. 
 19.9 Governing
Law. This Agreement (and any claims or disputes arising out of or related hereto or thereto or to the transactions contemplated hereby and thereby or to the inducement of any party to enter herein and therein, whether for breach of contract,
tortious conduct or otherwise and whether predicated on common law, statute or otherwise) and all issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement (and all Schedules hereto) shall be
governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) including all matters of
validity, construction, effect, enforceability, performance and remedies. 

  
 21 

 19.10 Local Agreements. Each of the Parties recognizes and agrees that it may be
necessary or desirable to separately document certain matters relating to the Services provided hereunder in various jurisdictions from time to time or to otherwise modify the scope or nature of such Services, in each case to the extent necessary to
comply with applicable Law. If such an agreement or modification of any of the Services is required by applicable Law, or if the applicable Parties mutually determine entry into such an agreement or modification of Services would be desirable, in
each case in order for Service Provider or its Subsidiaries to provide any of the Services in a particular jurisdiction, Service Provider and Service Recipient shall, or shall cause their applicable Subsidiaries to, to enter into local implementing
agreements (as each may be amended and in effect from time to time, each a “Local Agreement”) in form and content reasonably acceptable to the applicable Parties; provided, that the execution or performance of any such Local
Agreement shall in no way alter or modify any term or condition of this Agreement or the effect of any such term or condition, except to the extent expressly specified in such Local Agreement. Except as used in this Section 19.10, any
references herein to this Agreement and the Services to be provided hereunder, shall include any Local Agreement and any local services to be provided thereunder. Except as expressly set forth in any Local Agreement, in the event of a conflict
between the terms contained in a Local Agreement and the terms contained in this Agreement (including the applicable Schedules), the terms in this Agreement shall take precedence. 

[SIGNATURES ON THE FOLLOWING PAGE] 

  
 22 

 IN WITNESS WHEREOF, the Parties have caused this Transition Services Agreement to be
executed and delivered by their duly authorized representatives as of the date first above written. 
  

			
	INTERNATIONAL PAPER COMPANY
		
	By:	 	
                 

		 	Name:
		 	Title:
	
	SYLVAMO CORPORATION
		
	By:	 	
                 

		 	Name:
		 	Title:

 Transition Services Agreement—Signature Page 

 SCHEDULE I – TRANSITION SERVICES AND REVERSE TRANSITION SERVICES 

 SCHEDULE II – EXCLUDED SERVICES 

 SCHEDULE III – LEAD REPRESENTATIVES 

 SCHEDULE IV – DATA PROCESSING

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