Document:

EX-10.9

 Exhibit 10.9 
 FORM OF 
 AMENDED AND RESTATED 

SECURED 

TERM LOAN 

IN THE AMOUNT OF 
 USD 85,000,000.- 
 KNOT SHUTTLE TANKERS 18 AS 

as Borrower 

HSH NORDBANK AG 
 AND THE FINANCIAL INSTITUTIONS 
 at any time listed in Schedule 1 

as Banks 
 and

 HSH NORDBANK AG 
 as Agent 
  
 

 

							
	 CLAUSE
	  	PAGE	 
	1.	  	DEFINITIONS AND INTERPRETATION	  	 	4	  
			
	2.	  	THE COMMITMENT, NATURE OF OBLIGATIONS AND PURPOSE	  	 	11	  
			
	4.	  	DRAWDOWN	  	 	12	  
			
	5.	  	REPAYMENT	  	 	13	  
			
	6.	  	PREPAYMENT	  	 	14	  
			
	7.	  	INTEREST PERIODS	  	 	15	  
			
	8.	  	INTEREST	  	 	16	  
			
	9.	  	PAYMENTS	  	 	16	  
			
	10.	  	SECURITY	  	 	18	  
			
	11.	  	TAXES	  	 	18	  
			
	12.	  	MARKET DISRUPTION	  	 	19	  
			
	13.	  	INCREASED COSTS	  	 	19	  
			
	14.	  	ILLEGALITY	  	 	20	  
			
	15.	  	MITIGATION	  	 	21	  
			
	16.	  	REPRESENTATIONS AND WARRANTIES	  	 	21	  
			
	17.	  	UNDERTAKINGS	  	 	23	  
			
	18.	  	DEFAULT	  	 	28	  
			
	19.	  	THE AGENT	  	 	31	  
			
	20.	  	FEES	  	 	35	  
			
	21.	  	EXPENSES	  	 	35	  
			
	22.	  	INDEMNITIES	  	 	36	  
			
	23.	  	CALCULATIONS	  	 	36	  
			
	24.	  	AMENDMENTS AND WAIVERS	  	 	36	  
			
	25.	  	CHANGES TO THE PARTIES	  	 	37	  
			
	26.	  	PRO RATA SHARING	  	 	38	  
			
	27.	  	SEVERABILITY	  	 	39	  
			
	28.	  	NOTICES	  	 	39	  
			
	29.	  	JURISDICTION	  	 	40	  
			
	30.	  	GOVERNING LAW	  	 	41	  

  
 2/50

							
	 SCHEDULES
	  	PAGE	 
			
	1.	  	Banks and commitments	  	 	42	  
			
	2.	  	Conditions precedent documents	  	 	43	  
			
	3.	  	Form of Drawdown Notice	  	 	44	  
			
	4.	  	Form of Renewal Notice	  	 	45	  
			
	5.	  	Form of Compliance Certificate	  	 	46	  
			
	6.	  	Mandatory Cost formulae	  	 	47	  

  
 3/50

 THIS AGREEMENT (the “Agreement”) dated 25 April 2007 as amended and restated by an
eleventh supplemental agreement dated [    ] 2013 (the “Eleventh Supplemental Agreement”) is made between: 
  

	(1)	KNOT SHUTTLE TANKERS 18 AS (organisation no 998 943 035), Smedasundet 40, P.O.Box 2017, 5504 Haugesund, Norway (the “Borrower”);

  

	(2)	THE FINANCIAL INSTITUTIONS listed in Schedule 1 as banks (the “Banks”); 

 

	(3)	HSH NORDBANK AG, Gerhart-Hauptmann-Platz 50, 20095 Hamburg, Germany as agent (the “Agent”). 

This Agreement sets out the terms and conditions upon and subject to which the Banks will make available to the Borrower a secured term loan in the
amount up to USD 85,000,000,-. 
 IT IS HEREBY AGREED as follows: 

 

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement and the
preamble hereof; 
 “Accounts” 
 means the Earnings Account and the Retention Account. 
 “Applicable Margin”

 means 2.25 % per annum (applicable from [    ] 2013). 

“Business Day” 
 means a
day upon which banks and foreign exchange markets are open for business of the nature required by this Agreement in Hamburg, Oslo, London and New York. 
 “Cash” 
 means the aggregate value of; 

 

	(i)	cash in hand and unencumbered bank deposits; and 

  

	(ii)	unencumbered liquid bonds and other debt instruments with an “A”—rating or better of Standard & Poors or Moody’s and liquid equities listed
on any major stock exchange; and 

  

	(iii)	any other bond or debt instrument accepted by the Agent on instructions of the Banks in writing. 

  
 4/50

 “Charterparty” 
 means a time charterparty originally entered into between Knutsen OAS Shipping AS and Brazil Shipping I Limited (formerly BG Oil Services Limited) dated 6 April 2010 in respect of the Vessel and
novated to Knutsen Bøyelaster XI KS from Knutsen OAS Shipping AS by a novation agreement dated 3 May 2010 and as further novated from Knutsen Bøyelaster XI KS to the Borrower by a novation agreement dated 20 February 2013.

 “Commitment” 

means, in relation to a Bank, the amount set opposite its name in Schedule 1 to the extent not cancelled, reduced or transferred under this Agreement.

 “Commitment Period” 
 means the period commencing at (            ) March 2007 and expiring at 30 June 2007. 

“Compliance Certificate” 

means a certificate to be issued by the Borrower in respect of financial covenants, in the terms and form as set out in Schedule 5 (Form of Compliance
Certificate). 
 “Declaration of Pledge” 
 means a declaration of pledge executed or to be executed by the Borrower in respect of the Mortgage and the Factoring Agreement, in the terms and form as the Agent on behalf of the Banks may require.

 “Default” 

means an Event of Default or an event which, with the giving of notice, lapse of time, or fulfilment of any other applicable condition (or any combination
of the foregoing), might constitute an Event of Default. 
 “Drawdown Date” 

means the date on which the Loan is advanced to the Borrower in accordance with the Drawdown Notice. 

“Drawdown Notice” 

means a request made by the Borrower for the drawdown of the Loan, substantially in the form set out in Schedule 3 (Form of Drawdown Notice). 

“Earnings Account” 

means account no 1200021414 in the Borrower’s name with the Agent. 

  
 5/50

 “Earnings Assignment” 
 means an assignment agreement entered or to be entered into between the Borrower and the Agent on behalf of the Banks whereby the Borrower assigns (i) on first priority all earnings and money
whatsoever payable under the Charterparty as security for the Loan to the Agent on behalf of the Banks and (ii) on second priority all earnings and money whatsoever payable under the Charterparty as security for the Second Windsor Loan to the
Agent on behalf of the Banks, in the terms and form as the Agent on behalf of the Banks may require. 
 “Effective Date”

 means the effective date as defined in the Eleventh Supplemental Agreement. 
 “Event of Default” 
 means any of the events specified as such in
Clause 18 (Events of Default). 
 “Factoring Agreement” 
 means an agreement entered or to be entered into between the Borrower and the Agent on behalf of the Banks whereby the Borrower pledges to the Agent on behalf of the Banks all claims arising from the
Borrower’s business operation as security for the Loan, in the terms and form as the Agent on behalf of the Banks may require. 

“Final Maturity Date” 

means the earlier of the date falling 8 (eight) years after the Drawdown Date and 30 June 2015. 

“Financial Indebtedness” 

means any indebtedness (whether actual or contingent) incurred in respect of borrowed money or any other payment obligations, and commitments of any
nature that may expose any person to payment of money. 
 “General Partner” 

means KNOT Offshore Partners GP LLC [    ] being the general partner in KNOT Offshore Partners LP 

“Insurances Assignment” 

means an assignment of insurances in respect of the Vessel executed or to be executed by the Borrower in favour of the Agent on behalf of the Banks, in
the terms and form as the Agent on behalf of the Banks may require. 
 “Interest Payment Date” 

means the last day of each Interest Period or the date as specified in Clause 7.1 (e). 

  
 6/50

 “Interest Period” 
 means each period determined in accordance with Clause 7 (Interest Periods). 

“KNOT Offshore Partners LP” 
 means KNOT Offshore Partners LP [ ]. 
 “LIBOR” 

means for any Interest Period: 
  

	(i)	the rate per annum equal to the offered quotation for deposits in USD ascertained by the Agent to be the rate established by the British Bankers’ Association and
appearing on the Reuters LIBO 01, published or reported by Reuters through its monitor service or any equivalent successor to such service at or about 11:00 a.m. (London time) on the applicable Quotation Date; or 

 

	(ii)	if no such rate is available, the rate per annum determined by the Agent to be equal to the arithmetic mean (rounded upward to four decimal places) of the rates per
annum, as supplied to the Agent at its request, in the London Interbank Euro-currency Market at about 11:00 a.m. (London time) on the applicable Quotation Date, as conclusively certified by the Agent to the Borrower. 

“Limited Partnership Agreement” 
 means the partnership agreement dated [                 ] in respect of the limited partnership KNOT Offshore Partners LP.

 “Loan” 

means, at any time, the aggregate amount outstanding under this Agreement (being the aggregate of Tranche A and Tranche B), provided however that the
outstanding amount shall never exceed USD 85,000,000.-. 
 “Loan Period” 

means the period commencing on the date of this Agreement and ending on the day the Loan and all amounts outstanding under this Agreement have been repaid
in full to the Banks. 
 “Management Agreement” 
 means the management agreement entered into between the Borrower and the Manager in a form and substance acceptable to the Agent on behalf of the Banks. 

“Manager” 
 means KNOT
Management AS (organisation no. 996 124 916). 
 “Manager’s Statement” 

means a statement executed by the Manager in favour of the Agent on behalf of the Banks whereby the Manager declares to manage the Vessel pursuant to
sound practice, inform the Agent if action is taken against the Vessel and not to terminate the Management Agreement, in the terms and form as the Agent on behalf of the Banks may require. 

  
 7/50

 “Mandatory Cost” 
 means the percentage rate per annum calculated by the Agent in accordance with Schedule 6 (Mandatory Costs formulae), whereby the rate of interest will be increased to reflect the costs of
complying with any applicable regulatory requirements of any relevant regulatory authority. In such event the Borrower shall have the right to repay the Loan without any prepayment fees. 
 “Market Value” 
 means with respect the Vessel (on charter free basis), the
fair market value of the Vessel in USD determined by calculating the arithmetic mean of two independent valuations of the Vessel obtained from two independent and well reputed sale and purchase shipbrokers appointed by the Agent on behalf of the
Banks at the Borrower’s cost. Such valuations to be made with or without physical inspection of the Vessel (as the Agent may require), on the basis of a sale for prompt delivery for cash at arm’s length on normal commercial terms as
between a willing buyer and seller. 
 “MLP Group” 
 means KNOT Offshore Partners LP and its Subsidiaries. 
 “Mortgage”

 means a first priority Norwegian ship mortgage on the Vessel in the amount of USD 120,000,000.-, executed or to be executed by
the Borrower in favour of the Agent on behalf of the Banks, in the terms and form as the Agent on behalf of the Banks may require. 

“NOK” 
 means the lawful
currency for the time being of the Kingdom of Norway. 
 “Party” 

means a party to this Agreement. 

“Pledge of Accounts” 

means the first priority pledge of the Accounts to be entered or to be entered into between the Borrower and the Agent on behalf of the Banks, in the
terms and form as the Agent on behalf of the Banks may require. 
 “Quotation Date” 

means, in relation to any Interest Period, the Business Day on which quotations would ordinarily be given in the London Interbank Euro-currency Market for
USD, deposits for delivery on the first day of that Interest Period. 

  
 8/50

 “Renewal Notice” 
 means a request made by the Borrower for renewal of the Loan, substantially in the form set out in Schedule 4 (Form of Renewal Notice). 
 “Repayment Date” 
 means the dates for repayment of an instalment as
determined according to Clause 5.1. 
 “Retention Account” 
 means account no 1200021405 in the Borrower’s name with the Agent. 
 “Second
Windsor Loan” 
 means a secured term loan agreement in the amount of USD 27,300,000.- dated 23 February 2011 (as later
amended) and entered into between the Borrower as borrower, HSH Nordbank AG as arranger and agent and the financial institutions listed therein as lenders. 
 “Security Documents” 
 means the documents referred to in Clause 10
(Security) and all such other documents which may be executed at any time in favour of the Agent and/or any of the Banks as security for the obligations of the Borrower under this Agreement. 
 “Security Interest” 
 means any mortgage, pledge, lien, charge (whether
fixed or floating), assignment by way of security, finance lease, sale-and-repurchase or sale-and-leaseback arrangement, sale of receivables on a recourse basis or security interest or any other agreement or arrangement having the effect of
conferring security, except for liens arising solely by operation of law and/or in the ordinary course of business securing amounts not more than 30 days overdue. 
 “Seller” 
 means Accent Tanker Inc., 80 Broad Street, Monrovia, Liberia.

 “Sponsor” 

means Knutsen NYK Offshore Tankers AS, P.O Box 2017, 5504 Haugesund, Norway, (organisation no 995 221 713). 

“Sponsor Undertaking” 

means an undertaking from the Sponsor in favour of the Borrower set out in a omnibus agreement whereby the Sponsor undertakes to compensate the Borrower
for any difference in charter hire below the charter hire agreed for the Charterparty during the five year period after the Effective Date. 

  
 9/50

 “Subsidiary” 
 means in relation to another company (the “Parent Company”) any company or corporation of which more than one half of the issued share capital is beneficially owned or controlled, directly or
indirectly, by the Parent Company and for these purposes, a company or corporation shall be treated as being controlled by the Parent Company if the Parent Company is able to direct its affairs and/or to control the composition of its board of
directors or equivalent body. 
 “Swap Agreement” 
 means an ISDA master agreement entered or to be entered into between the Borrower and the Swap Bank. 
 “Swap Bank” 
 means HSH Nordbank AG. 

“Taxes” 
 means any
present or future taxes, levies, duties, imposts, withholdings, deductions, fees or charges of any nature, together with interest thereon and penalties in respect thereof, and “tax” and “taxation” shall be construed accordingly.

 “Total Loss” 

means any event which will entitle the Borrower to claim payment of the total insured value under the hull and machinery or the war risk insurance taken
out pursuant to Clause 17.5 (Insurances). 
 “Tranche A” 
 means an amount of up to USD 31,166,000.-. 
 “Tranche B” 

means an amount of up to USD 48,634,000.-. 

“Tranches” 
 means
Tranche A and Tranche B, Tranche means any of them. 
 “Transaction Documents” 

means this Agreement, the Security Documents, the Management Agreement, the Manager’s Statement, the Swap Agreement, the Limited Partnership
Agreement and the agreements or documents contemplated herein or therein. 
 “USD” 

means the lawful currency for the time being of the United States of America. 

  
 10/50

 “Vessel” 
 means “Windsor Knutsen”, IMO No. 9316115, of 162,000 tdw, Double Hull, Ice class 1A, built 2007, registered in the Borrower’s name in the Norwegian International Ship Register.

  

	1.2	Construction 

  

	(a)	The index to and the headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	(b)	Words importing the singular shall (unless the contrary intention appears) include the plural and vice versa. 

 

	(c)	a Clause or a Schedule respectively is a reference to a clause of or schedule to this Agreement. 

 

	(d)	a provision of law is a reference to that provision as amended or re-enacted, and to any regulations made by the appropriate authority pursuant to such law.

  

	(e)	references to any document are to be construed as references to such documents as amended or supplemented from time to time, but without prejudice to the
Borrower’s obligations to obtain necessary consent in respect of such amendment or supplement. 

  

	2.	THE COMMITMENT, NATURE OF OBLIGATIONS AND PURPOSE 

  

	2.1	Commitment 

 Subject to the terms of this
Agreement, the Banks grant to the Borrower a secured term loan of an aggregate principal amount of up to USD 85,000,000. 
  

	2.2	Nature of rights and obligations of the Banks 

  

	(a)	The obligations of the Banks under this Agreement are several. Failure of a Bank to carry out its obligations under this Agreement shall not relieve any other party
hereto of any of its obligations under this Agreement. No Bank shall be responsible for the obligations of any other Bank hereunder. 

  

	(b)	The rights of each Bank under this Agreement are separate and independent rights. A Bank may, except as otherwise stated in this Agreement, separately enforce those
rights. 

  

	(c)	Without affecting the obligations of the Borrower in any way, no Bank or the Agent are bound to monitor or verify the application of the Loan. 

 

	2.3	Purpose 

 The purpose of granting this
term loan is to finance the purchase of the Vessel by the Borrower from the Seller. 

  
 11/50

	3.	CONDITIONS PRECEDENT 

  

	3.1	Documentary conditions precedent 

 The
obligations of each Bank to the Borrower under this Agreement are subject to the conditions precedent that the Agent on behalf of the Banks has received all of the documents set out in Schedule 2 in a form and substance satisfactory to the Agent,
such documents to be received 3 days prior to the Drawdown Date. 
  

	3.2	Further conditions precedent 

 The
obligation of each Bank to participate in the Loan, is subject to the further conditions precedent that on both the date of the Drawdown Notice and the Drawdown Date; 
  

	(i)	the representations and warranties in Clause 16 (Representations and warranties) deemed to be repeated on those dates are correct and not misleading and will be
correct and not misleading immediately after that drawdown is made with reference to the facts and circumstances then prevailing, unless otherwise informed to the Agent in writing and, if not permitted under this Agreement, waived by the Banks prior
to such dates; and 

  

	(ii)	no Default is outstanding or would result from the making of that drawdown. 

 

	4.	DRAWDOWN 

  

	4.1	Drawdown Notice 

  

	(a)	The Borrower shall not later than 10:00 a.m. (London time) three Business Days prior to the requested Drawdown Date, or on such later date as may be agreed by the
Banks, serve to the Agent the Drawdown Notice which, once received by the Agent, shall be irrevocable. 

  

	(b)	The Banks shall upon confirmation from the Agent that the Agent has received a duly completed Drawdown Notice and subject to the terms and conditions of this Agreement,
and provided that no Default has occurred or is threatening, make the Loan available to the Borrower through the Agent in one disbursement on the requested Drawdown Date. 

 

	(c)	The giving of the Drawdown Notice by the Borrower shall be deemed to constitute a representation and warranty by the Borrower that all the representations and
warranties set forth in Clause 16 (Representations and warranties) hereof are true and correct as of such date as if made on such date, that the conditions specified in Clause 3 (Conditions precedent) have been or will upon the Drawdown Date be
fully performed, and that no Default has occurred. 

  

	(d)	The Borrower shall only be entitled to serve a Drawdown Notice to the Agent during the Commitment Period. 

  
 12/50

	5.	REPAYMENT 

  

	5.1	Repayment 

 Without prejudice to the
Banks’ rights under this Agreement, the Tranche A shall be repaid as follows: 
  

											
	Instalment
No	  	 Repayment Date
	  	Instalment in
USD	 	  	Balance in USD	 
	1	  	18 November 2008	  	 	1,154,500	  	  	 	30,011,500	  
	2	  	18 May 2009	  	 	1,154,500	  	  	 	28,857,000	  
	3	  	18 November 2009	  	 	1,154,500	  	  	 	27,702,500	  
	4	  	18 May 2010	  	 	1,154,500	  	  	 	26,548,000	  
	5	  	18 November 2010	  	 	1,154,500	  	  	 	25,393,500	  
	6	  	18 May 2011	  	 	1,154,500	  	  	 	24,239,000	  
	7	  	18 November 2011	  	 	1,154,500	  	  	 	23,084,500	  
	8	  	18 May 2012	  	 	1,154,500	  	  	 	21,930,000	  
	9	  	18 November 2012	  	 	1,154,500	  	  	 	20,775,500	  
	10	  	18 May 2013	  	 	888,077	  	  	 	19,887,423	  
	11	  	18 November 2013	  	 	888,077	  	  	 	18,999,346	  
	12	  	18 May 2014	  	 	888,077	  	  	 	18,111,269	  
	13	  	18 November 2014	  	 	888,077	  	  	 	17,223,192	  
	14	  	18 May 2015	  	 	888,077	  	  	 	16,335,115	  
	15	  	18 May 2015 Balloon	  	 	16,335,115	  	  	 	0	  

  

	 	5.1	(b) 

 Without prejudice to
the Banks’ rights under this Agreement, the Tranche B shall be repaid as follows: 
  

											
	 Instalment

No
	  	 Repayment Date
	  	Instalment in USD	 	  	Balance in USD	 
	1	  	18 November 2008	  	 	1,445,500	  	  	 	47,188,500	  
	2	  	18 May 2009	  	 	1,445,500	  	  	 	45,743,000	  
	3	  	18 November 2009	  	 	1,445,500	  	  	 	44,297,500	  
	4	  	18 May 2010	  	 	1,445,500	  	  	 	42,852,000	  
	5	  	18 November 2010	  	 	1,445,500	  	  	 	41,406,500	  
	6	  	18 May 2011	  	 	1,445,500	  	  	 	39,961,000	  
	7	  	18 November 2011	  	 	1,445,500	  	  	 	38,515,500	  
	8	  	18 May 2012	  	 	1,445,500	  	  	 	37,070,000	  
	9	  	18 November 2012	  	 	1,445,500	  	  	 	35,624,500	  
	10	  	18 May 2013	  	 	1,111,923	  	  	 	34,512,577	  
	11	  	18 November 2013	  	 	1,111,923	  	  	 	33,400,654	  
	12	  	18 May 2014	  	 	1,111,923	  	  	 	32,288,731	  
	13	  	18 November 2014	  	 	1,111,923	  	  	 	31,176,808	  
	14	  	18 May 2015	  	 	1,111,923	  	  	 	30,064,885	  
	15	  	18 May 2015 Balloon	  	 	30,064,885	  	  	 	0	  

  
 13/50

	5.2	Final Maturity Date 

 On the Final
Maturity Date the Borrower shall pay to the Agent (on behalf of the Banks) all sums due under this Agreement in addition to the instalments set out in Clause 5.1 above. 

 

	6.	PREPAYMENT 

  

	6.1	Voluntary prepayment and cancellation 

The Borrower may, by giving not less than 5 Business Days prior written notice in respect of full prepayment or partial prepayment of the Loan
respectively, to the Agent without penalty, prepay on the last Business Day of an Interest Period, the Loan or part of the Loan in an amount an integral multiple of USD 2,600,000.-. 

 

	6.2	Prepayment due to sale or Total Loss 

Upon a sale (after the Banks’ prior written consent) or a Total Loss of the Vessel, the Loan shall, upon payment of the sales proceeds or the
insurance money be prepaid. 
  

	6.3	Additional right of prepayment 

 If: -

  

	(i)	the Borrower is required to pay to a Bank any additional amounts under Clause 11 (Taxes); or 

 

	(ii)	the Borrower is required to pay to a Bank any amount under Clause 13 (Increased costs); 

then, without prejudice to the obligations of the Borrower under those Clauses, the Borrower may, subject to Clause 6.4
(Miscellaneous provisions) and Clause 22.2 (Other indemnities) whilst the circumstances continue, serve a notice of prepayment and cancellation on that Bank through the Agent. On the date falling five Business Days after the date of service of
the notice: - 
  

	(iii)	the Borrower shall prepay that Bank’s participation in the Loan; and 

  

	(iv)	that Bank’s undrawn participation in the Commitment (if any) shall be cancelled. 

 

	6.4	Miscellaneous provisions 

  

	(a)	Any notice of prepayment under this Agreement is irrevocable and shall specify the date on which the prepayment is to become effective and the amount to be prepaid. The
Agent shall notify the Banks promptly of receipt and contents of any such notice. 

  

	(b)	All prepayments under this Agreement shall be made together with accrued interest on the amount prepaid and any amounts due in respect of such prepayment under
Clause 22.2 (Other indemnities). 

  
 14/50

	(c)	An amount prepaid pursuant to this Clause 6 may not be drawn again. 

  

	(d)	Any amount prepaid shall be applied in inverse order of maturity. 

  

	(e)	Any amount prepaid shall be applied against Tranche A and Tranche B respectively on a pro rata basis. 

 

	7.	INTEREST PERIODS 

  

	7.1	Selection 

  

	(a)	The Borrower shall select the first Interest Period in the Drawdown Notice for the Loan, and the first Interest Period for the Loan shall commence on its Drawdown Date.

  

	(b)	The Borrower shall, by serving the Renewal Notice to the Agent not later than 10:00 a.m. (London time) two Business Days before the beginning of each Interest Period,
specify the duration of that Interest Period. The Renewal Notice shall constitute a representation and warranty to the effect that, on the date of that notice, the representations and warranties in Clause 16 remain true and correct and that no
Default has occurred. 

  

	(c)	Subject to the following provisions of this Clause 7.1, each Interest Period shall be for a period of three, six or twelve months, or such other period acceptable
to the Banks. 

  

	(d)	If the Borrower fails to select an Interest Period in accordance with paragraph (a) above, that Interest Period will, subject to the other provisions of this
Clause 7.1, be six 6 months. 

  

	(e)	If the Borrower selects an Interest Period for more than six months, interest accruing during such period shall be paid every six months in arrears.

  

	7.2	Non-Business Days 

 If an Interest Period
would otherwise end on a day which is not a Business Day, that Interest Period shall instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not). 

 

	7.3	No overrunning 

 If an Interest Period at
any time thereafter would otherwise overrun a Repayment Date, it shall be shortened so that it ends on the Repayment Date for a portion of the Loan corresponding to the amount of the Loan to be repaid on that Repayment Date. 

 

	7.4	Notification 

 The Agent shall notify the
Banks of the duration of each Interest Period promptly after ascertaining its duration. 

  
 15/50

	8.	INTEREST 

  

	8.1	Interest rate 

 The rate
of interest on the Loan is the rate per annum determined by the Agent to be the aggregate of: 
  

	 	(a)	the Applicable Margin; 

  

	 	(b)	LIBOR ( the Banks funding costs for Interest Periods exceeding 12 Months), and 

 

	 	(c)	Mandatory Costs, if any. 

  

	8.2	Due dates 

 Accrued interest is payable by
the Borrower on each Interest Payment Date based on the Loan outstanding at the beginning of the relevant Interest Period. 
  

	8.3	Default interest 

 In the event of the
Borrower not making payment of any amounts due under this Agreement on the due date thereof, the Borrower shall pay interest on such amounts from the due date up to the date of actual payment at a rate to be determined by the Agent to be the
aggregate sum of 2.0 per cent per annum and the Applicable Margin plus the documented costs the Banks will incur in financing such sums for such periods as the Banks shall determine. Interest under this Clause 8.3 shall be payable by the
Borrower upon written demand from the Agent. 
  

	8.4	Notification 

 The Agent shall promptly
notify each relevant Party of the determination of a rate of interest under this Agreement. 
  

	9.	PAYMENTS 

  

	9.1	Place 

 All payments by the Borrower or a
Bank under this Agreement shall be made to the Agent to its account at such office or bank as it may notify to the Borrower or such Bank for this purpose. 
  

	9.2	Funds 

 Payments under this Agreement to
the Agent shall be made for value on the due date at such times and in such funds as the Agent may specify to the Party concerned as being customary at the time for the settlement of transactions in the relevant currency in the place for payment.

  
 16/50

	9.3	Distribution 

  

	(a)	Each payment received by the Agent under this Agreement for another Party shall, subject to paragraphs (b) and (c) below, be made available by the Agent to
that Party by payment (on the date and in the currency and funds of receipt) to its account with such office or bank in the principal financial centre of the country of the relevant currency as it may notify to the Agent for this purpose by not less
than five Business Days prior written notice. 

  

	(b)	The Agent may apply any amount received or held by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due
from the Borrower under this Agreement or in or towards the purchase of any amount of any currency to be so applied. 

  

	(c)	Where a sum is to be paid to the Agent under this Agreement for distribution to another Party, the Agent is not obliged to pay that sum to that Party until it has
established that it has actually received that sum. The Agent may, however, assume that the sum has been paid to it in accordance with this Agreement and, in reliance on that assumption, make available to that Party a corresponding amount. If the
sum has not been made available but the Agent has paid a corresponding amount to another Party and the Party liable does not forthwith on demand pay such amount to the Agent together with interest on that amount from the date of payment to the date
of receipt, calculated at a rate determined by the Agent to reflect its cost of funds, that Party shall forthwith on demand by the Agent refund such amount to the Agent together with interest on such amount calculated as above.

  

	9.5	Set-off and counterclaim 

 All payments
made by the Borrower under this Agreement shall be made without set-off or counterclaim. 
  

	9.6	Non-Business Days 

 If a payment under
this Agreement is due on a day which is not a Business Day, the due date for that payment shall instead be the next Business Day in the same calendar month provided that if there is no next Business Day in the same calendar month the due date for
that payment shall instead be the preceding Business Day. 
  

	9.7	Partial payments 

 If the Agent receives a
payment insufficient to discharge all the amounts then due and payable by the Borrower under this Agreement, the Agent shall apply that payment towards the discharge of the obligations of the Borrower under this Agreement in the following order :

  

	(i)	firstly, in or towards payment of any unpaid costs and expenses of the Agent under this Agreement; 

 

	(ii)	secondly, in or towards payment pro rata of any accrued fees due but unpaid under Clause 20 (Fees); 

 

	(iii)	thirdly, in or towards payment pro rata of any accrued interest under this Agreement; 

  
 17/50

	(iv)	fourthly, in or towards payment pro rata of any principal due from the Borrower but unpaid under this Agreement; and 

 

	(v)	fifthly, in or towards payment pro rata of any other sum due but unpaid under this Agreement. 

 

	10.	SECURITY 

  

	10.1	Security 

 The Borrower’s obligations
under this Agreement, including without limitation the obligation to repay the Loan together with all unpaid interest, default interest, commissions, charges, expenses and any derived liability whatsoever of the Borrower towards the Banks and the
Agent in connection with this Agreement, shall be secured as follows: 
  

	(i)	the Mortgage; 

	(ii)	the Factoring Agreement; 

	(iii)	the Declaration of Pledge; 

	(iv)	the Pledge of Accounts; 

	(v)	the Insurances Assignment; 

	(vi)	the Earnings Assignment. 

  

	10.2	Set-off 

 Following the occurrence of a
Default, the Agent (acting on its own behalf and on behalf of the Banks) and each of the Banks individually (acting on its own behalf and on behalf of the Agent and the other Banks) shall to the extent permitted by applicable law, have a separate
right of set-off in respect of any credit balance, in any currency, on any account the Borrower might have with the Agent and each of the Banks individually (branches included) against any sum due to the Agent and the Banks hereunder. 

 

	10.3	Swaps 

 The Borrower’s obligations
under the Swap Agreement and any transaction made or to be made thereunder shall be secured by the Security Documents. 
  

	11.	TAXES 

 All payments by the Borrower under
this Agreement shall be made free and clear of and without deduction for or on account of any taxes, except to the extent that the Borrower is required by law to make payment subject to any taxes. If by requirement of law any tax or amounts in
respect of tax must be deducted or withheld from any amounts payable or paid by the Borrower, or paid or payable by the Agent to a Bank, under this Agreement, the Borrower (or the Agent, if required) shall pay such tax to the relevant authority and
the Borrower shall pay such additional amounts as may be necessary to ensure that the relevant Bank receives (free from any liability in respect of any such deduction or withholding) a net amount equal to the full amount which it would have received
had payment not been made subject to tax or other deduction. The Borrower shall promptly deliver to the Agent any receipts, certificates or other proof evidencing the amounts paid or payable in respect of any deduction or withholding as aforesaid.

  
 18/50

	12.	MARKET DISRUPTION 

  

	12.1	Market disruption 

 If, on or prior to a
Quotation Date: 
  

	(i)	the Agent reasonably determines that adequate and fair means do not exist for ascertaining LIBOR as the case may be; or 

 

	(ii)	prior to 2:00 p.m. (London time) on the Quotation Date the Agent receives notification from Banks whose participation in the Loan would in aggregate exceed 30 per
cent of the Loan, that: 

  

	 	a.	matching deposits are not available to them in the London interbank market in sufficient amounts to fund their participation in the Loan for the relevant Interest
Period; or 

  

	 	b.	the cost to them of obtaining matching deposits in the London interbank Euro-currency Market to fund their respective participation in the Loan would be in excess of
LIBOR as the case may be for the relevant Interest Period, 

 the Agent shall promptly notify the Borrower and the
Banks of the fact and that this Clause 12.1 is in operation. 
  

	12.2	Suspension of drawdowns 

 If a
notification under Clause 12.1 (Market disruption) applies to (i) an amount which has not been made, the Loan shall not be made, or (ii) an amount which has been made, the Loan shall be prepaid not later than upon the expiry of the 30
days period set out below. However, the Borrower and the Agent shall, within five Business Days of receipt of the notification, enter into negotiations in good faith (which neither the Borrower nor the Agent shall be obliged to continue for a period
of more than 30 days) with a view to agreeing an alternative basis for the borrowing hereunder. Interest on the Loan outstanding under the said period of negotiations shall be the Banks’ actual cost of funds from such other sources as they may
select, plus the Applicable Margin. 
  

	13.	INCREASED COSTS 

  

	(a)	If by reason of: (i) changes in any existing law, rule or regulation, or (ii) the adoption of any new law, rule or regulation, or (iii) any change in the
interpretation or administration of (i) or (ii) above by any governmental authority, or (iv) compliance with any directive or request from any governmental authority (whether or not having the force of law, but generally applicable to
banks and/or other financial institutions): 

  

	 	(i)	any of the Banks incurs a cost as a result of it having entered into this Agreement and/or performing its obligations hereunder; or 

  
 19/50

	 	(ii)	there is an increase in the cost to any of the Banks of maintaining or funding its portion of the Loan or any advances hereunder; or 

 

	 	(iii)	any of the Banks becomes liable for any new taxes (other than on net income) calculated by reference to the Loan; or 

 

	 	(iv)	any of the Banks becomes subject to any new or modified capital adequacy or similar requirements which will have the effect of increasing the amount of capital required
or expected to be maintained by such Bank based on such Bank’s obligations hereunder; or 

  

	 	(v)	any of the Banks’ effective return hereunder is reduced in any other manner; 

 then any such cost, liability or reduction of return as referred to in the preceding paragraphs (i)-(v) shall be payable by the Borrower upon request by the Agent either in the form of an increased
margin or in the form of an indemnification at the option of the affected Bank. The relevant Bank shall via the Agent give the Borrower notice within a reasonable time of its intention to claim compensation under this Clause 13 and it shall specify
the form and amount of such compensation. The relevant Bank’s determination of the amount of compensation to be made under this Clause 13 shall, absent manifest error, be conclusive. The Borrower shall be entitled to prepay without penalty such
Bank’s portion of the Loan in accordance with Clause 8 (Interest Periods) at any time following receipt of notice from the Agent as aforesaid on giving not less than seven Business Days’ irrevocable written notice. In such event the
Borrower shall nevertheless compensate such Bank for such requested indemnification for the period up to and including the date of prepayment. 
  

	(b)	If more than one of the Banks are required to comply with any new capital allocation requirements which would consequently result in any increased costs for those Banks
pursuant to sub-clause (a) above then any such cost or liability shall be payable by the Borrower to all the Banks (whether or not affected by such cost or liability). 

 

	14.	ILLEGALITY 

 If it becomes unlawful in any
jurisdiction by virtue of any law which is binding upon such Bank for it to give effect to any of its obligations as contemplated by this Agreement, then: 
  

	(i)	that Bank may notify the Borrower through the Agent accordingly (specifying the obligations the performance of which is thereby rendered unlawful and the law giving
rise to the same); and 

  

	(ii)    a.	the Borrower shall forthwith (or at such later date as may be permitted by the relevant law) without premium or penalty other than as set out in Clause 22.2 (Other
indemnities), prepay that Bank’s participation in all amounts payable by it to that Bank under this Agreement; and 

  

	 	b.	that Bank’s Commitment shall forthwith be cancelled. 

  
 20/50

	15.	MITIGATION 

 If circumstances arise in
respect of any Bank which would, or would upon the giving of notice, result in: 
  

	(i)	the Borrower being obliged to pay to that Bank additional amounts pursuant to Clause 11 (Taxes) or any amounts pursuant to Clause 13 (Increased costs); or

  

	(ii)	the Borrower being obliged to cancel that Bank’s Commitment pursuant to Clause 14 (Illegality); 

then, without in any way limiting, reducing or otherwise qualifying the Borrower’s obligations under Clauses 11 (Taxes) to 14 (Illegality)
(inclusive), that Bank shall, in consultation with the Agent and the Borrower take such reasonable steps as may be open to it to mitigate or remove such circumstances, including (without limitation) the transfer of its rights and obligations under
this Agreement to another bank or financial institution reasonably acceptable to the Borrower, unless to do so might (in the reasonable opinion of that Bank) be prejudicial to that Bank. 

 

	16.	REPRESENTATIONS AND WARRANTIES 

  

	16.1	Representations and Warranties 

 The Borrower
makes the representations and warranties set out in this Clause 16 to the Agent and each Bank. 
  

	16.2	Status and ownership 

 The Borrower is a
duly constituted and properly incorporated private company with limited liability under Norwegian law. 
  

	16.3	Powers and authority 

 The Borrower has
the power to enter into and perform, and have taken all necessary corporate actions to authorise the entry into, performance and delivery of, this Agreement and/or the Transaction Documents to which it is a party, and the transactions contemplated
herein and therein. 
  

	16.4	Legal validity and enforceability 

 This
Agreement and the Transaction Documents will, subject always to mandatory Norwegian law and any other applicable law respectively, when executed by the respective parties thereto constitute legal, valid and binding obligations of such parties,
enforceable in accordance with their respective terms and conditions, and save as provided for herein or therein, including nominal fees related to registration and enforcement of any of the Security Documents, no registration, filing, payment of
tax or fees or other formalities are necessary or desirable to render this Agreement and/or the Transaction Documents enforceable against the parties thereto, and for the Security Documents to constitute valid and enforceable first priority Security
Documents as contemplated therein or herein. 

  
 21/50

	16.5	Non-conflict 

 The entry into and
performance by the Borrower of this Agreement and the Transaction Documents to which it is a party, and the transactions contemplated herein and therein, do, in the opinion of the Borrower, not and will not conflict with: 

 

	(i)	any present law or regulation or judicial or official order (including the Directive 91/308/EEC of the Council of the European Communities implemented to combat money
laundering); 

  

	(ii)	any articles of association or other constitutional documents of the Borrower; and 

 

	(iii)	any document or agreement which is binding upon the Borrower, or any of its assets. 

 

	16.6	No Default 

  

	(a)	No Default is outstanding or might result from the making of any Drawdown; 

 

	(b)	no other event is outstanding which constitutes or, (with the giving of notice, lapse of time, determination of materiality or the fulfilment of any other applicable
condition, or any combination of the foregoing,) might constitute an event of default under any document which is binding upon the Borrower or any of its assets, and which may have a material effect on the Borrower’s ability to perform its
obligations under this Agreement, the Security Documents or the Swap Agreement (as the case may be); and 

  

	(c)	no amendments or waivers have been made under any of the Transaction Documents, and no event of default has occurred or is threatening thereunder.

  

	16.7	Authorisations 

 All authorisations
required in connection with the entry into, performance, validity and enforceability of, and the transactions contemplated by, this Agreement and the Transaction Documents have been obtained or effected (as appropriate) and are in full force and
effect, as and so required thereunder. 
  

	16.8	Financial information 

 All financial
documents and information relating to the Borrower or otherwise relevant to the matters contemplated by this Agreement which have been supplied to the Agent or the Banks are complete and correct in all material respects, and the Borrower has not
omitted to disclose to the Agent or the Banks any information, documents or agreements known to the Borrower which, if disclosed, could in the Borrower’s opinion reasonably be expected to affect the decision of the Banks to enter into this
Agreement. 
  

	16.9	Litigation 

 No litigation, arbitration or
administrative proceedings are current or, to the Borrower’s knowledge, pending or threatened against the Borrower which might, if adversely determined, be reasonably expected to have a material adverse effect on the ability of the Borrower to
perform its obligations under this Agreement or the Transaction Documents (as the case may be). 

  
 22/50

	16.10	Pari passu 

 The Borrower’s
obligations under this Agreement, the Security Documents and the Swap Agreement to which it is a party are their direct, general and unconditional obligations and rank at least pari passu with all its other present and future unsecured and
unsubordinated indebtedness. 
  

	16.11	No withholding Taxes 

 No Taxes are
imposed by withholding or otherwise on any payment to be made by the Borrower under this Agreement, the Security Documents or the Swap Agreement or are imposed on or by virtue of the execution or delivery by the Borrower of this Agreement, the
Security Documents or the Swap Agreement to which it is or is to be a party or any other document or instrument to be executed or delivered under this Agreement, any of the Security Documents or the Swap Agreement. 

 

	16.12	No material adverse change 

 There has
been no material adverse change in the financial position of the Borrower from that described to the Banks during the negotiation of this Agreement. 
  

	16.13	Times for making representations and warranties 

 The representations and warranties set out in this Clause 16 are made by the Borrower on the date of this Agreement and are deemed to be repeated by the Borrower on the date of the Drawdown Notice
and each Renewal Notice, as well as the first day in each Interest Period, with reference to the facts and circumstances then existing, unless otherwise notified to the Agent in writing, and if not permitted under this Agreement, waived by the Banks
prior to such dates. 
  

	17.	UNDERTAKINGS 

  

	17.1	Duration 

 The undertakings in this
Clause 17 remain in force from the date of this Agreement and for so long as any amount is outstanding under this Agreement. 
  

	17.2	Financial information 

 The Borrower shall
supply to the Agent in sufficient copies for all of the Banks: 
  

	(i)	as soon as reasonably practicable after the same are available (and in any event no later than 150 days after each fiscal year) the audited unconsolidated and
consolidated accounts of the Borrower for that financial year; and 

  

	(ii)	as soon as reasonably practicable after the same are available (and in any event no later than 90 days after each half-year) the unaudited unconsolidated and
consolidated accounts of the Borrower for each half-year, and 

  

	(iii)	the Compliance Certificate on a semi-annual basis regarding the Borrower within 90 days after each half-year. 

  
 23/50

 17.3 Information – Miscellaneous 
 The Borrower shall supply to the Agent, in sufficient copies for all of the Banks: 
  

	(a)	promptly, such specific financial or other information regarding the financial condition and operations or other information of the Borrower as the Agent (or any Bank
through the Agent) may reasonably request; 

  

	(b)	promptly upon becoming aware of them, relevant details of any material litigation, arbitration or administrative proceedings which are current or, to its knowledge,
threatened or pending against the Borrower and which might, if adversely determined, be reasonably expected to have a material adverse effect on the ability of the Borrower to perform its obligations under this Agreement or the Transaction Documents
(as the case may be), and further details of any such matters previously disclosed to the Agent, if the likelihood of an adverse determination has increased, as the Agent or any Bank acting through the Agent may reasonably request.

 17.4 Notification of Default 
 The Borrower shall notify the Agent of any Default which is continuing (and the steps, if any, being taken to remedy it) promptly upon its occurrence. 

17.5 Insurances 
  

	(a)	The Borrower shall maintain the Vessel insured against such risks (including, but not limited) to Hull and Machinery, Hull Interest, Freight Interest,
Protection & Indemnity (including highest possible maximum cover for the Vessel for pollution for the time being USD 1,000,000,000.-), Loss of Hire and War Risk insurances, in such amount, on such terms (always applying Norwegian law and
including the terms of the Norwegian Marine Insurance Plan or equivalent terms in relation to losses payable thereunder) and with such insurers and through such brokers as the Agent on behalf of the Banks shall approve. 

 

	(b)	The insurance value of the Vessel (Hull and Machinery and Hull Interest) shall be at least 120 per cent of the Loan. 

The aggregate Hull and Machinery insurance values of the Vessel shall furthermore, at all times, cover the higher of the Loan and
80 per cent. of the Vessel’s’ Market Value, while the remaining cover may be taken out by way of Hull Interest and Freight Interest insurances. 
  

	(c)	The Borrower shall deliver to the Agent a certificate from the insurance broker(s) through whom the insurances relevant to Vessel has been placed, evidencing that all
insurances referred to in item (a) have been renewed (at the same conditions and with insurers satisfactory to the Banks) and taken out in respect of the Vessel with insurance values as required by item (b), that such insurances are in full
force and effect and that the Agent’s (on behalf of the Banks) interest therein have been noted by the relevant insurers. 

  
 24/50

	(d)	The Borrower shall procure that the Vessel always is employed in conformity with the terms of the instruments of insurances (including any warranties expressed or
implied therein) and comply with such requirements as to extra premium or otherwise as the insurers may prescribe. 

  

	(e)	Each Bank and the Agent may (at the Borrower’s expense) take out a Mortgagee Interest Insurance (covering 120 per cent of the principal amount outstanding
hereunder) and a Mortgagee Interest—Additional Perils Insurance (Pollution Cover) insurance (covering 110 % of the principal amount outstanding hereunder) relevant to the Vessel in a form and substance satisfactory to the relevant Bank
and/or Agent, such policy to be made in favour of the Agent and/or relevant Bank, or, the Borrower shall, if so directed by the Agent, arrange for such insurance cover to be taken out in accordance with instructions from the Agent.

  

	(f)	The Borrower shall procure that before the Vessel is entering any US territory provide for the Vessel to be in compliance with all US regulations relevant to the
Vessel, including oil pollution regulations and requirements with respect to certificate of financial responsibility (“COFR”) which shall be arranged with insurers and on terms approved by the Agent. 

17.6 Notification 
 The Borrower shall
immediately notify the Agent of: 
  

	(a)	any accident to the Vessel involving repairs the cost of which is likely to exceed USD 1,000,000.-; 

 

	(b)	any Total Loss relevant to the Vessel; 

  

	(c)	any arrest of the Vessel or the exercise or purported exercise (of which the Borrower has knowledge of) of any lien on the Vessel, the earnings or any of the Pledged
Accounts; and 

  

	(d)	any claim for breach of the ISM Code being made against the Borrower, the Manager or otherwise in connection with the Vessel owned by it; or any other matter, event or
incident, actual or threatened, the effect of which will or could lead to the ISM Code not being complied with. 

 17.7 Total
loss 
 In the event that the Vessel shall suffer a Total Loss, the Borrower shall, within a period of 90 days after the occurrence of such
event, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and promptly upon receipt of insurance proceeds in respect of the Total Loss, apply such
proceeds as prepayment of the Loan pursuant to Clause 6.3. 
 17.8 Class and International Regulations 

 

	(a)	 The Borrower shall procure that the Vessel is classified and maintained in the highest class with Det Norske Veritas or another classification society
acceptable to the Banks, and at all times comply with the rules and regulations of the relevant class society. Furthermore, the Borrower shall at all times ensure compliance with all international conventions and

  
 25/50

	 	
regulations applicable to the Vessel, including SOLAS conventions. Consequently, the Borrower shall ensure compliance with the ISM-Code and shall ascertain that the Manager, and any other company
performing management services on behalf of the Borrower, comply with said Conventions and Regulations; 

  

	(b)	The Borrower shall procure that each such classification society shall make available to the Agent upon its request such information and documents in respect of the
Vessel as are maintained in the records of such classification society; and 

  

	(c)	The Borrower shall not change the Vessel’s class without the prior written consent of the Banks. 

17.9 Inspection 
 One person appointed by
the Agent shall be permitted to inspect the Vessel limited, however, to once every twelve months, for the account of the Borrower upon the Agent giving prior notice thereof, such inspections not to interfere with the operation of the Vessel and not
to take place if dangerous situations may occur (provided, however, that if a Default shall occur the Agent shall have the right to a reasonable number of inspections of the Vessel for the account of the Borrower), and the Borrower shall upon the
Agent’s request provide the Agent with copies of the latest inspection reports in respect of the Vessel which are available to the Borrower or the Manager. 
 17.10 Flag 
 The Borrower shall not change flag or ship registry of the Vessel or allow the
Vessel to be dual registered without the prior written consent of the Banks, such consent not to be unreasonably withheld. 
 17.11
Management Agreement / Charterparty 
 The Borrower shall not without the prior written consent of the Banks amend or terminate the
Management Agreement or the Charterparty if the Vessel is affected (provided that the Borrower will notify the Agent of the amendments) or change the management of the Vessel in any way. 
 17.12 Negative Pledge, nor further borrowings 
 Except as contemplated by this Agreement
and/or the Security Documents, the Borrower shall not as from the date hereof: 
  

	(a)	create, incur or assume any Security Interest on the Vessel (other than the Mortgage) or any of its other assets, and not make any assignment of right to receive
earnings or proceeds of insurance policies covering the Vessel; 

  

	(b)	incur any Financial Indebtedness of any nature or incur any debt or obligations other than debt and obligations incurred during normal course of business;

  

	(c)	 make any loans (including intercompany loans and deposits) nor issue any guarantee which is not related to the ordinary operation of the Vessel to any
company or person outside the MLP Group. As long as no Event of Default has occurred or is threatening, the Borrower 

  
 26/50

	 	
shall be allowed to incur and to make intercompany loans or deposits and to freely accept and grant equity contributions in any form to or from companies in the MLP Group, such intercompany
loans, deposits, or equity contributions to be subordinated to the Banks’ rights. 

 17.13 Dividend and other payments

 The Borrower may declare or pay any dividends or otherwise make any other distribution of assets to any shareholder whether in cash or
otherwise, provided that; (a) no Event of Default has occurred or will occur at the time of payment of such dividend and (b) after payment of such dividend, the remaining liquidity of the Borrower will equal or exceed the aggregate amount
of (i) the instalments falling due in the next 6 months after the dividend payment date and (ii) the amount estimated by the Agent as being the amount of interest on the Loan which will fall due for payment by the Borrower under Clause 8
during that 6 month period. 
 17.14 Pari passu 
 The Borrower will ensure that its obligations under this Agreement shall, at all times rank at least pari passu with all its other present and future unsecured and unsubordinated indebtedness with the
exception of any obligations which are mandatorily preferred by law and not by contract. 
 17.15 Investments 

The Borrower will not make any investments in excess of USD 1,000,000.- without the prior written consent of the Banks. 

17.16 Compliance with laws etc. 
 The
Borrower shall comply with all mandatory laws and regulations relating to the Vessel, its ownership, operation and management or to the business of the Borrower. 
 17.17 Maintenance and change of business 
  

	(i)	The Borrower shall remain a private limited company, with no other activity than the ownership of the Vessel . 

 

	(ii)	The Borrower shall not enter into any form of amalgamation, merger or demerger, divest or consolidate with any other entity or any form of reconstruction or
reorganisation without the prior written consent of the Banks. 

 17.18 Compliance Certificates 

The Borrower undertakes throughout the Loan Period to provide to the Agent, on a semi-annual basis together with the financial information to be provided
by the Borrower as specified in Clause 17.2 (Financial information), a Compliance Certificate signed by authorised signatories of the Borrower. 

  
 27/50

 17.19 Minimum Value 
  

	(a)	The Borrower shall ensure that the Market Value of the Vessel covers at all times 110 % of the Loan throughout the Loan Period. 

 

	(b)	The Market Value of the Vessel shall be determined at the expense of the Borrower on the demand by the Agent at such intervals as the Agent may from time to time
decide. However, valuations (by two brokers) obtained at the expense of the Borrower to be limited to two per year. 

 17.20
Accounts 
  

	(a)	The Borrower will procure that all earnings in respect of the operation of the Vessel hereunder but not limited to payment of hire under the Charterparty shall be paid
to the Earnings Account. 

  

	(b)	The Borrower will procure that at the end of each month 1/6th of the amount of the next semi annual instalment shall be paid to the Retention Account.

 17.21 Swaps 

The Borrower will notify the Agent and the Swap Bank if the Borrower intents to enter into any interest and/or currency swap arrangements or similar
instrument. 
 The Borrower hereby gives the Swap Bank right of first refusal entering into an agreement with the Borrower in respect of
interest and/or currency swap transactions, such transaction to be made under the Swap Agreement. 
 18. DEFAULT 

18.1 Events of Default 
 Each of the
events set out in Clauses 18.2 to 18.20 (inclusive) is an Event of Default (whether or not caused by any reason whatsoever outside the control of the Borrower or any other person). 
 18.2 Non-payment 
 The Borrower does not pay on the due date an amount payable by it under
this Agreement at the place at, and in the currency in which it is expressed to be payable, provided that if such failure to pay has arisen as a consequence of an administrative or technical error beyond control of the Borrower only then such event
shall not be an Event of Default unless such failure continues for a period in excess of three Business Days. 
 18.3 Breach of other
obligations 
 The Borrower does not comply with any provision of this Agreement (other than those referred to in Clause 18.2
(Non-payment)), provided that if such non-compliance is, in the opinion of the Banks, capable of remedy: 

  
 28/50

	(i)	the Agent notifies the Borrower of such non-compliance; and 

  

	(ii)	such non-compliance remains unremedied for a period of 10 Business Days. 

 A breach of Clause 17.5 (Insurances) is not capable of remedy. 
 18.4 Misrepresentation

 A material representation, warranty or statement made or repeated in or in connection with this Agreement or in any document delivered by
or on behalf of the Borrower under connection with this Agreement was incorrect or misleading in any respect when made or deemed to be made or repeated. 
 18.5 Cross-default 
 An event of default howsoever described (or any event which with the
giving of notice, lapse of time, determination of materiality or fulfilment of any other applicable condition or any combination of the foregoing would constitute such an event of default) occurs under any of the Transaction Documents, or under any
other agreement to which the Borrower is a party and such event of default in the sole and reasonable opinion of the Banks may have effect on the financial condition of any of the Borrower or its ability to perform its obligations hereunder or under
the Security Documents to which it is a party. 
 18.6 Liens 
 A maritime or other lien, arrest, distress or similar charge is levied upon, or against the Vessel, the earnings, the Accounts or any other part of the assets of the Borrower (save for as contemplated by
this Agreement) and is not discharged within 30 Business Days after the Borrower became aware of the same. 
 18.7 Insolvency 

An order of a competent court or an event analogous thereto shall be made or any effective resolution passed with a view to the bankruptcy, commencement
of composition proceedings, debt negotiations, liquidation, winding-up or similar event of the Borrower. 
 18.8 Admittance of non-payment

 The Borrower is unable or admits in writing its inability to pay its lawful debts as they fall due. 

18.9 Termination of business 
 The
Borrower ceases or threaten to cease to carry on its business or materially change its business, whether by one or a series of transactions. 

  
 29/50

 18.10 Permits 
 Any licence, consent, permission or approval required in order to enforce, complete or perform the Agreement and/or the Transaction Documents is revoked, terminated or modified. 

18.11 Impossibility or illegality 
 It
becomes impossible or unlawful for the Borrower to fulfil any of the terms of the Agreement or the Security Documents, for the Agent on behalf of the Banks to exercise any right or power vested in the Agent under the Security Documents, or the
security created by any of the Security Documents is imperilled, or for any reason whatsoever cease to be valid and enforceable with its intended priority. 
 18.12 Transaction Documents 
 Any of the Transaction Documents are (in the Lenders’
sole discretion) materially amended, cancelled or terminated or any waivers are agreed thereunder (except to the extent provided for in this Agreement). 
 18.13 Material adverse change 
 Any event or series of events occurs which, in the
reasonable opinion of the Agent (on behalf of the Banks), may have a material adverse effect on the ability of any of the Borrower to comply with any of its respective obligations under this Agreement or any of the other Transaction Documents.

 18.14 Events in Security Documents 
 Any of the events of default specified in any of the Security Documents arise or occur. 
 18.15
Mergers and reconstructions 
 The Borrower effects any demerger, split up, divest merger, joint venture, reconstruction or
recapitalisations, without the prior written consent of the Banks. 
 18.16 Change of ownership 

 

	(a)	The Borrower ceases to be a direct or indirect wholly owned (share capital and voting rights) subsidiary of KNOT Offshore Partners LP. 

 

	(b)	 KNOT Offshore Partners LP ceases to be in the 33.1/3 % direct or indirect ownership (share capital and voting rights subject to the limitations on
voting rights relating to election of board members, amendments and certain other matters as set out in the Limited Partnership Agreement) of the Sponsor, or if any person or group of persons acting in concert (other than the Sponsor (or any wholly
owned Subsidiaries thereof)) acquires more than 33.1/3 % of the share capital or voting rights of KNOT Offshore Partners LP 

  

	(c)	The General Partner ceases to be a direct or indirect wholly owned (share capital and voting rights) subsidiary of the Sponsor. 

18.17 Listing 
 KNOT Offshore Partners LP
ceases to be listed on the New York Stock Exchange (NYSE). 

  
 30/50

 18.18 General Partner 

 

	a)	The General Partner ceases to be the general partner in KNOT Offshore Partners LP, and/or 

 

	b)	the General Partner ceases to own minimum 2% of the interests in KNOT Offshore Partners LP, and/or 

 

	c)	the General Partner ceases the right to appoint three (3) out of seven (7) board directors to the board of directors in KNOT Offshore Partners LP (or if there is a
change in the number of directors, the corresponding numbers). 

 18.19 Sponsor Undertaking 

The Sponsor does not fulfil its obligations pursuant to the Sponsor Undertaking. 
 18.20 Repayment of the Second Windsor Loan 
 The Borrower has not repaid the Second Windsor
Loan 5 Business Days after the Effective Date. 
 18.21 Acceleration 
 On and at any time after the occurrence of an Event of Default whilst such Event of Default is continuing unremedied and unwaived, the Agent may, and shall if so directed by the Banks, by notice to the
Borrower:- 
  

	(a)	without prejudice to any parts of the Loan advanced hereunder cancel the Commitment; and 

 

	(b)	demand that all or part of the Loan, together with accrued interest, and all other amounts accrued under this Agreement be immediately due and payable, whereupon they
shall become immediately due and payable. 

  

	(c)	without prejudice to any of the Banks’ other rights, with or without notice to the Borrower, take such other action as is available to the Banks under the
Agreement and the Security Documents. 

 19. THE AGENT 
 19.1 Appointment and duties of the Agent 
 Each Bank hereby appoint the Agent to act as its
agent under and in connection with this Agreement and Security Documents, and authorises the Agent on its behalf to perform the duties and to exercise the rights, powers and discretion that are specifically delegated to it under or in connection
with this Agreement, together with any other incidental rights, powers and discretion. The Agent has only those duties which are expressly specified in this Agreement. Without prejudice to the binding nature of such duties, they are solely of a
mechanical and administrative nature. 
 19.2 Relationship 
 The relationship between the Agent and the Banks is that of agent and principal only. Nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and
the Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those monies. 

  
 31/50

 19.3 The Banks’ directions 
 The Agent will be fully protected if it acts in accordance with the instructions of the Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in
this Agreement. In the absence of such instructions, and if deemed absolutely necessary to act quickly and before such instructions can be obtained the Agent may act in relation thereto as it considers to be in the best interests of all the Banks.
The Agent may not commence legal proceedings in a Bank’s name without such Bank’s consent. 
 19.4 Responsibility for documentation

 Neither the Agent nor any of their officers, employees or agents are responsible to any other Party for: 

 

	(a)	the execution, genuineness, validity, enforceability or sufficiency of this Agreement or any other document; 

 

	(b)	the collectability of amounts payable under this Agreement; or 

  

	(c)	the accuracy of any statements (whether written or oral) made in or in connection with this Agreement. 

19.5 Default 
  

	(a)	The Agent is not obliged to monitor or enquire as to whether or not a Default has occurred. The Agent will not be deemed to have knowledge of the occurrence of a
Default. However, if the Agent receives notice from a Party referring to this Agreement, describing the Default and stating that the event is a Default, or if the Agent in this capacity has otherwise acquired actual knowledge of an Event of Default,
it shall promptly notify the Banks. 

  

	(b)	The Agent may require the receipt of security satisfactory to it from any Bank, whether by way of payment in advance or otherwise, against any liability or loss which
it will or may incur in taking any proceedings or action arising out of or in connection with this Agreement before it commences those proceedings or takes that action. 

 19.6 Exoneration 
  

	(a)	Without limiting paragraph (b) below, the Agent will not be liable to any Bank for any action taken or not taken by it under or in connection with this Agreement
and the Security Documents, unless caused by its gross negligence or wilful misconduct. 

  

	(b)	No Party may take any proceedings against any officer, employee or agent of the Agent in respect of any claim it might have against the Agent or in respect of any act
or omission of any kind (including gross negligence or wilful misconduct) by that officer, employee or agent in relation to this Agreement and the Security Documents. 

 19.7 Reliance 
 The Agent may: 

  
 32/50

	(i)	rely on any notice or document believed by it to be genuine and correct and to have been signed by, or with the authority of, the proper person;

  

	(ii)	rely on any statement made by a director or employee of any person regarding any matters which may reasonably be assumed to be within his knowledge or within his power
to verify; and 

  

	(iii)	engage, pay for and rely on legal or other professional advisers selected by it (including those in the Agent’s employment and those representing a Party other
than the Agent). 

 19.8 Approval and appraisal 
 Without affecting the responsibility of the Borrower for information supplied by it or on its behalf in connection with this Agreement, each Bank confirms that it: 

 

	(a)	has made its own independent investigation and assessment of the financial condition and affairs of the Borrower and its related entities in connection with their
participation in this Agreement and has not relied exclusively on any information provided to it by the Agent in connection with this Agreement; and 

  

	(b)	will continue to make its own independent appraisal of the creditworthiness of the Borrower, and its related entities while any amount is or may be outstanding under
this Agreement or any Commitment is in force. 

 19.9 Information 

 

	(a)	The Agent shall promptly forward to the person concerned the original or a copy of any document which is delivered to the Agent by a Party for that person.

  

	(b)	The Agent shall supply each Bank with a copy of each document received by the Agent under Clause 3 (Conditions precedent). 

 

	(c)	Except where this Agreement specifically provides otherwise, the Agent is not obliged to review or check the accuracy or completeness of any document it forwards to
another Party. 

 19.10 The Agent as Banks 
  

	(a)	The Agent as Banks, has the same rights and powers under this Agreement as any other Bank and may exercise those rights and powers as though it was not the Agent.

  

	(b)	The Agent may: - 

  

	(i)	carry on any business with the Borrower or their related entities; 

  

	(ii)	act as agent or trustee for, or in relation to any financing involving, the Borrower or its related entities; and 

 

	(iii)	retain any profits or remuneration in connection with their activities under this Agreement or in relation to any of the foregoing. 

  
 33/50

 19.11 Indemnities 
  

	(a)	Without limiting the liability of the Borrower under this Agreement, each Bank shall forthwith on demand indemnify the Agent for its proportion of any liability or loss
incurred by the Agent in any way relating to or arising out of its acting as Agent, except to the extent that the liability or loss arises from the Agent’s gross negligence or wilful misconduct. 

 

	(b)	A Bank’s proportion of the liability or loss set out in paragraph (a) above will be the proportion which its participation in the Loan bears on the date of
the demand. If, however, there is no part of the Loan outstanding on the date of demand, then the proportion will be the proportion which its Commitment bears to the Commitment of all the Banks at the date of demand or, if the Commitment has then
been cancelled, bore to the Commitment immediately before being cancelled. 

  

	(c)	The Borrower shall forthwith on demand reimburse each Bank for any payment made by it under paragraph (a) above provided that the Borrower shall not thereby be
liable for any additional costs for which it would not otherwise be liable. 

  

	(d)	Without prejudice to the liability of the Borrower, each Bank shall reimburse the Agent the amount of such Bank’s pro rata share of charges and expenses covered
under, but not reimbursed by the Borrower under, Clause 21 (Expenses) below. 

 19.12 Compliance 

 

	(a)	The Agent may refrain from doing anything which might, in its opinion, constitute a breach of any law or regulation or be otherwise actionable at the suit of any
person, and may do anything which, in its opinion, is necessary or desirable to comply with any law or regulation of any jurisdiction. 

  

	(b)	Without limiting paragraph (a) above, the Agent need not disclose any information relating to the Borrower or any of its related entities if the disclosure might,
in the reasonable opinion of the Agent, constitute a breach of any law or regulation or any duty of secrecy or confidentiality or be otherwise actionable at the suit of any person. 

19.13 Resignation of the Agent 
  

	(a)	If the Banks so direct, due to a default by the Agent hereunder, or due to a conflict of interest between the Agent’s duties hereunder and other interests the
Agent may have which involve the Borrower, the Agent shall resign by giving notice to the Banks and the Borrower, in which case the Banks may, after consultation with, but with no costs for, the Borrower, appoint a successor Agent.

  

	(b)	The Agent may resign (without reason) its appointment at any time by giving a 30 days’ prior written notice to the parties hereto. The resignation shall only
become effective upon the appointment of a new agent. The Banks may appoint a new agent among any reputable and experienced finance institution. Upon the appointment of a new agent, such new agent shall assume all rights and obligations from such
time designated by the Agent, and the Agent shall from such time be discharged from any further obligations hereunder. 

  
 34/50

 19.14 Banks 
 The Agent may treat each Bank as a Bank, entitled to payments under this Agreement until it has received not less than five Business Days’ prior notice from that Bank to the contrary. The Agent shall
maintain a list of the Banks and their respective addresses for notices, and shall, promptly upon request from any Party from time to time, supply a copy of that list to that Party. 
 20. FEES 
 20.1 Agency Fee 
 In case there are more than one Bank as lender hereunder at any relevant time the Borrower shall pay to the Agent a non refundable yearly agency fee of USD 5,000.- yearly in advance until all amounts
outstanding hereunder have been repaid. 
 21. EXPENSES 
 21.1 Initial and special costs 
 The Borrower shall promptly following demand pay the Agent
the amount of all reasonable costs and expenses (including legal fees) incurred by the Agent in connection with: 
  

	(i)	the negotiation, preparation, printing and execution of this Agreement and any other documents referred to in this Agreement (including—for the avoidance of
doubt—any expenses incurred by the Banks with respect to the legal opinions as stipulated in Schedule 2); 

  

	(ii)	execution and registration of the Security Documents; 

  

	(iii)	any amendment, waiver, consent or suspension of rights (or any proposal for any of the foregoing) requested (or, in the case of a proposal, made) by or on behalf of the
Borrower and relating to this Agreement or a document referred to in this Agreement; and 

  

	(iv)	any other matter, not of an ordinary administrative nature, arising out of or in connection with this Agreement. 

21.2 Enforcement costs 
 Following an
Event of Default, the Borrower shall promptly following demand pay to the Agent and/or a Bank (as the case may be) the amount of all costs and expenses (including legal fees) properly incurred by it in connection with the enforcement of or the
preservation of, any rights under this Agreement and the Security Documents. 

  
 35/50

 22. INDEMNITIES 
 22.1 Currency indemnity 
  

	(a)	If a Bank receives an amount in respect of the Borrower’s liability under this Agreement or if that liability is converted into a claim, proof, judgement or order
in a currency other than the currency in which the amount is expressed to be payable under this Agreement, the Borrower shall indemnify that Bank as an independent obligation against any loss or liability arising out of or as a result of the
conversion. 

  

	(b)	The Borrower waives any right they may have by law to pay any amount under this Agreement in a currency other than that in which it is expressed to be payable.

 22.2 Other indemnities 
 The Borrower shall forthwith on demand indemnify each Bank against any loss or liability (including funding breakage costs) which that Bank reasonably and properly incurs and which the Bank certifies (in
a certificate containing reasonable detail) that it has incurred as a consequence of: 
  

	(i)	the occurrence of any Event of Default; 

  

	(ii)	the operation of Clause 18.21 (Acceleration); 

  

	(iii)	any repayment or prepayment of principal or payment of an overdue amount being made otherwise than on the last day of a relevant Interest Period or Interest Period (as
defined in Clause 8.3 (Default interest)) relative to the amount so repaid, prepaid or paid; and 

  

	(iv)	the Loan not being drawn after the Borrower has delivered a Drawdown Notice or the Loan (or part of the Loan) not being prepaid in accordance with a notice of
prepayment. 

 The liability of the Borrower in each case includes any loss of margin or other loss or expense on account of funds
borrowed, contracted for or utilised to fund any amount payable under this Agreement, but the Borrower’s liability shall in no circumstances extend to any loss or expense to the extent that it arises as a consequence of any gross negligence or
wilful default of a Bank. 
 23. CALCULATIONS 
 Interest and fees payable under Clauses 8 (Interest) and 20 (Fees) accrue from day to day and are calculated on the basis of the actual number of days elapsed and a year of 360. 

24. AMENDMENTS AND WAIVERS 
 24.1
Banks 
  

	(a)	Any term of this Agreement and the Security Documents may only be amended, waived or discharged in writing by the Agent if authorised by the Banks. The Agent shall
effect, on behalf of the Banks any amendment, waiver or discharge to which they have agreed. 

  

	(b)	The Agent shall promptly notify the Banks of any amendment or waiver effected under paragraph (a) above and any such amendment or waiver shall be binding on all
the Banks. 

  
 36/50

 24.2 Waivers and remedies cumulative 
 The rights of each Bank under this Agreement: 
  

	(i)	may be exercised as often as necessary; 

  

	(ii)	are cumulative and not exclusive of its rights under the general law; and 

  

	(iii)	may be waived only in writing and specifically. 

Delay in exercising or non-exercise of any such right is not a waiver of that right. 
 25. CHANGES TO THE PARTIES 
 25.1 Transfer by the Borrower 

The Borrower may not assign, transfer, novate or dispose of any of, or any interest in, its rights and/or obligations under this Agreement. 

25.2 Transfers by Banks 
  

	(a)	A Bank (the “Existing Bank”) may at any time assign and transfer any of its rights and/or obligations under this Agreement to any of its Subsidiaries
or after prior consultation with the Borrower to another bank, financial institution or entity (such Affiliate or bank or institution or entity being the “New Bank” . 

 

	(b)	A transfer of obligations will be effective only if the New Bank confirms to the Agent and the Borrower that it undertakes to be bound by the terms of this Agreement as
a Bank in form and substance satisfactory to the Agent. On the transfer becoming effective in this manner the Existing Bank shall be relieved of its obligations under this Agreement to the extent that they are transferred to the New Bank.

  

	(c)	An Existing Bank is not responsible to a New Bank for: 

  

	 	(i)	the execution, genuineness, validity, enforceability or sufficiency of this Agreement or any other document; 

 

	 	(ii)	the collectability of amounts payable under this Agreement; or 

  

	 	(iii)	the accuracy of any statements (whether written or oral) made in or in connection with this Agreement. 

  
 37/50

	(d)	Each New Bank confirms to the Existing Bank and the other Banks that it: 

  

	 	(i)	has made its own independent investigation and assessment of the financial condition and affairs of the Borrower and its related entities in connection with its
participation in this Agreement and has not relied exclusively on any information provided to it by the Existing Bank in connection with this Agreement; and 

 

	 	(ii)	will continue to make its own independent appraisal of the creditworthiness of the Borrower and its related entities while any amount is or may be outstanding under
this Agreement or any Commitment is in force. 

  

	(e)	Any reference in this Agreement to a Bank includes a New Bank but excludes a Bank if no amount is or may be owed to or by it under this Agreement and its Commitment has
been cancelled or reduced to nil. 

  

	(f)	Costs in connection with documenting (hereunder reasonable amendments and recordings) the transfer by the Banks hereunder shall be for the account of the Banks.

  

	(g)	A Bank may disclose to a prospective New Bank, such information about the Borrower and/or the Transaction Documents as such Bank shall consider appropriate.

 26. PRO RATA SHARING 
 26.1 Redistribution 
 If any amount owing by the Borrower under this Agreement to a Bank
(the “recovering Bank”) is discharged by payment, set-off or any other manner other than through the Agent in accordance with Clause 9 (Payments) (a “recovery”), then: 

 

	(i)	the recovering Bank shall, within three Business Days, notify details of the recovery to the Agent; 

 

	(ii)	the Agent shall determine whether the recovery is in excess of the amount which the recovering Bank would have received had the recovery been received by the Agent and
distributed in accordance with Clause 9 (Payments); 

  

	(iii)	subject to [ ], the recovering Bank shall, within three (3) Business Days of demand by the Agent, pay to the Agent an amount (the
“redistribution”) equal to the excess; 

  

	(iv)	the Agent shall treat the redistribution as if it were a payment by the Borrower under Clause 9 (Payments) and shall pay the redistribution to the Banks (other
than the recovering Bank) in accordance with Clause 9.7 (Partial payments); and 

  

	(v)	after payment of the full redistribution, the recovering Bank will be subrogated to the portion of the claims paid under paragraph (iv) above and the Borrower will
owe the recovering Bank a debt which is equal to the redistribution, immediately payable and of the type originally discharged. 

26.2 Reversal of redistribution 
 If
under Clause 26.1 (Redistribution): 

  
 38/50

	(i)	a recovering Bank must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and 

 

	(ii)	the recovering Bank has paid a redistribution in relation to that recovery, 

 each Bank shall, within three Business Days of demand by the recovering Bank through the Agent, reimburse the recovering Bank all or the appropriate portion of the redistribution paid to that Bank.
Thereupon, the subrogation in Clause 26.1 (v) will operate in reverse to the extent of the reimbursement. 
 26.3 Exception

  

	(a)	A recovering Bank need not pay a redistribution to the extent that it would not, after the payment, have a valid claim against the Borrower in the amount of the
redistribution pursuant to Clause 26.1 (v). 

  

	(b)	A Bank is not entitled to participate in a redistribution if the redistribution results from the proceeds of a judicial enforcement order obtained by the recovering
Bank and the other Bank had adequate notice of and opportunity to participate in the proceedings concerned or bring its own proceedings but did not do so. 

 27. SEVERABILITY 
 If a provision of this Agreement is or becomes illegal, invalid or
unenforceable in any competent jurisdiction, that shall not affect the validity or enforceability in that jurisdiction of any other provision of this Agreement or the validity or enforceability in other jurisdictions of that or any other provision
of this Agreement. 
 28. NOTICES 
 28.1 Giving of notices 
 All notices or other communications under or in connection with
this Agreement shall be given or made in writing, by letter or telefax. Any such notice or communication will be deemed to be given or made as follows: 
  

	(i)	if by letter, when delivered at the address of the relevant Party; and 

  

	(ii)	if by telefax or e-mail (to follow by mail/fax) when received. 

 However, a notice given in accordance with the above but received on a day which is not a Business Day or after 4:00 p.m. in the place of receipt will only be deemed to be given at 9:00 a.m. on the next
Business Day in that place. 

  
 39/50

 28.2 Addresses for notices 

 

	(a)	The address and the telefax number code of each Party (other than the Agent and the Borrower) for all notices or other communications under or in connection with this
Agreement are those notified by that Party for this purpose to the Agent on or before the date it becomes a Party; or any other notified by that Party for this purpose to the Agent by not less than five Business Days’ notice.

  

	(b)	The address, the telefax number: 

  

	 	(i)	of the Agent is: 

 HSH Nordbank
AG 
 Gerhart-Hauptmann-Platz 50 
 20095 Hamburg 
 Germany 

Telefax: +49 40 33 33 34269 
  

	 	(ii)	of the Borrower: 

 KNOT Shuttle
Tankers 18 AS 
 Smedasundet 40 
 P.O.Box 2017, 
 5504 Haugesund 

Norway 
 Telefax:
+47 52 70 40 40 
 Attn.: 
 or such other address and/or telefax number and/or marked for such other attention as the Agent may notify to the other Parties by not less than five (5) Business Days’ prior notice. 

 

	(c)	All notices from or to the Borrower related to this Agreement shall be sent through the Agent. 

 

	(d)	The Agent shall, promptly upon request from any Party, give to that Party the address and/or the telefax number code of any other Party applicable at the time for the
purposes of this Clause. 

 29. JURISDICTION 
 For the benefit of the Agent, each Bank and the Borrower agree that the courts of Norway have jurisdiction to settle any disputes in connection with this. 

Agreement and accordingly submits to the non-exclusive jurisdiction of the Oslo district court. Nothing in this Clause 29 shall limit the right of
the Agent or any Bank to start proceedings against the Borrower in any other court of competent jurisdiction. 

  
 40/50

 30. GOVERNING LAW 
 This Agreement is governed by Norwegian law. 
 o o o O o o o 

  
 41/50

 SCHEDULE 1 
 BANKS AND COMMITMENTS 
  

													
	 	  	Tranche A	 	  	Tranche B	 	  	%	 
	 HSH Nordbank AG

Gerhart-Hauptmann-Platz 50,

20095 Hamburg, Germany
	  	 	USD 31,166,000	  	  	 	USD 48,634,000	  	  	 	100 	% 
	 Total
	  	 	USD 31,166,000	  	  	 	USD 48,634,000	  	  	 	100 	% 

  
 42/50

 SCHEDULE 2 
 Intentionally left blank 

  
 43/50

 SCHEDULE 3 
 FORM OF 
 DRAWDOWN NOTICE 

 

	To:	HSH Nordbank AG as Agent 

	    	Gerhart-Hauptmann-Platz 50 

	    	20095 Hamburg 

  

	    	Germany 

  

	    	Tel.: +(    ) 

  

	    	Fax.: +49 40 3333 34269 

  

	    	Attn.: Credit Adm. 

 Date:
         2007 
 SENIOR SECURED LOAN FACILITY AGREEMENT DATED 25 APRIL 2007 (THE
“AGREEMENT”) 
 We refer to Clause 4 of the Agreement. Terms used in this Drawdown Notice have the same meanings as in the
Agreement. 
  

	l.	We wish to draw the Loan as follows: 

  

	 	(a)	Drawdown Date: 

  

	 	(b)	Interest Period: 

  

	 	(c)	Instructions for payment of the Loan: 

  

	2.	We confirm that each condition specified in Clause 3.2 (Further conditions precedent) is satisfied on the date of this Drawdown Notice. 

 

	3.	We further confirm that: 

  

	 	(a)	no event or circumstance has occurred and is continuing, which constitutes, or which with the giving of notice or lapse of time or both, would constitute a Default
under the Agreement; and that 

  

	 	(b)	the representations and warranties contained in Clause 16 of the Agreement are true and correct at the date hereof as if made with respect to the facts and
circumstances existing at such date. 

 By: 
 KNOT SHUTTLE TANKERS 18 AS 
 Authorised Signatory 

  
 44/50

 SCHEDULE 4 
 FORM OF 
 RENEWAL NOTICE 

 

	To:	HSH Nordbank AG as Agent 

	    	Gerhart-Hauptmann-Platz 50 

	    	20095 Hamburg 

  

	    	Germany 

  

	    	Tel.: +(    ) 

  

	    	Fax.: + 49 40 3333 34269 

  

	    	Attn.: Credit Adm. 

 Date:
     2007 
 SENIOR SECURED LOAN FACILITY AGREEMENT DATED 25 APRIL 2007 (THE “AGREEMENT”) 

We refer to Clause 7.1 (b) in the Agreement. Terms used in this Renewal Notice shall have the same meanings as defined in the Agreement. 

We hereby: 
  

	1.	request an Interest Period in respect of [•] months from the next Interest Payment Date; and 

 

	2.	amount 

  

	3.	confirm that 

  

	 	(i)	no event or circumstance has occurred and is continuing, which constitutes, or which with the giving of notice or lapse of time or both, would constitute a Default
under the Agreement; and that 

  

	 	(ii)	the representations and warranties contained in Clause 16 of the Agreement are true and correct at the date hereof as if made with respect to the facts and
circumstances existing at such date. 

 By: 
 KNOT SHUTTLE TANKERS 18 AS 
 Authorised signatory 

  
 45/50

 SCHEDULE 5 
 FORM OF 
 COMPLIANCE CERTIFICATE 

 

									
	 MINIMUM VALUE VESSELS
	  				  			
	 A: Sum loan
	  	 	USD	  	  			
	 B: Charter free value of mortgaged Vessel
	  	 	USD	  	  			
	 Requirement :
	  				  			
	 B/A > 110 % of the loan
	  	 	==>	  	  	 	Compliance: Yes / No	  

  
 46/50

 SCHEDULE 6 
 MANDATORY COSTS FORMULAE 
  

	1.	The Mandatory Costs are payable in addition to the interest rate to compensate Banks for the cost of compliance with (a) the requirements of the Bank of England
and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank. 

 

	2.	On the first day of each Interest Period (or as soon as possible thereafter) the Facility Agent shall calculate, as a percentage rate, a rate (the “Additional
Cost Rate”) for each Bank, in accordance with the paragraphs set out below. The Mandatory Costs will be calculated by the Facility Agent as a weighted average of the Banks’ Additional Cost Rates (weighted in proportion to the
percentage participation of each Bank in the relevant Loan) and will be expressed as a percentage rate per annum. 

  

	3.	The Additional Cost Rate for any Bank lending from a facility office in a participating member state of the European Union will be the percentage notified by that Bank
to the Facility Agent. This percentage will be certified by that Bank in its notice to the Facility Agent and the percentage shall be equal to the cost (expressed as a percentage of that Bank’s participation in all Loans made available from
that facility office) of complying with the minimum reserve requirements of the European Central Bank in respect of loans made from that facility office. 

  

	4.	The Additional Cost Rate for any Bank lending from a facility office in the United Kingdom will be calculated by the Facility Agent as follows:

  

							
	   E x 0.01  	 	per cent per annum.	 		  	
	    300      	 	 		  	

 Where: 
  

	 	E	is designed to compensate Banks for amounts payable under the Fees Rules and is calculated by the Facility Agent as being the average of the most recent rates of charge
supplied by the Reference Banks to the Facility Agent pursuant to paragraph 6 below and expressed in pounds per £1,000,000. 

  

	5.	For the purposes of this Schedule: 

  

	 	(a)	“Eligible Liabilities” has the meaning given to it from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by
the Bank of England; 

  

	 	(b)	“Fees Rules” means the rules on periodic fees contained in the supervision manual of the Financial Services Authority or such other law or regulation
as may be in force from time to time in respect of the payment of fees for the acceptance of deposits; 

  
 47/50

	 	(c)	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated
fee required pursuant to the Fees Rules but taking into account any applicable discount rate); and 

  

	 	(d)	“Tariff Base” has the meaning given to it in, and will be calculated in accordance with, the Fees Rules. 

 

	6.	If requested by the Facility Agent, each Reference Bank shall, as soon as practicable after publication by the Financial Services Authority, supply to the Facility
Agent, the rate of charge payable by that Reference Bank to the Financial Services Authority pursuant to the Fees Rules in respect of the relevant financial year of the Financial Services Authority (calculated for this purpose by that Reference Bank
as being the average of the Fee Tariffs applicable to that Reference Bank for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base of that Reference Bank. 

 

	7.	Each Bank shall supply any information required by the Facility Agent for the purpose of calculating its Additional Cost Rate. In particular, but without limitation,
each Bank shall supply the following information on or prior to the date on which it becomes a Bank: 

  

	 	(a)	the jurisdiction of its facility office; and 

  

	 	(b)	any other information that the Facility Agent may reasonably require for such purpose. 

Each Bank shall promptly notify the Facility Agent of any change to the information provided by it pursuant to this paragraph. 

 

	8.	The rates of charge of each Reference Bank for the purpose of E in paragraph 4 above shall be determined by the Facility Agent based upon the information supplied to it
pursuant to paragraphs 6 and 7 above and on the assumption that, unless a Bank notifies the Facility Agent to the contrary, each Bank’s obligations in relation to cash ratio deposits and special deposits are the same as those of a typical bank
from its jurisdiction of incorporation with a facility office in the same jurisdiction as its facility office. 

  

	9.	The Facility Agent shall have no liability to any person if such determination results in an Additional Cost Rate which over or under compensates any Bank and shall be
entitled to assume that the information provided by any Bank or Reference Bank pursuant to paragraphs 3, 7 and 8 above is true and correct in all respects. 

 

	10.	The Facility Agent shall distribute the additional amounts received as a result of the Mandatory Costs to the Banks on the basis of the Additional Cost Rate for each
Bank based on the information provided by each Bank and each Reference Bank pursuant to paragraphs 3, 6 and 7 above. 

  

	11.	Any determination by the Facility Agent pursuant to this Schedule in relation to a formula, the Mandatory Costs, an Additional Cost Rate or any amount payable to a Bank
shall, in the absence of manifest error, be conclusive and binding on all Parties. 

  
 48/50

	12.	The Facility Agent may from time to time, after consultation with the Borrower and the Banks, determine and notify to all Parties any amendments which are required to
be made to this Schedule in order to comply with any change in law, regulation or any requirements from time to time imposed by the Bank of England, the Financial Services Authority or the European Central Bank (or, in any case, any other authority
which replaces all or any of its functions) and any such determination shall, in the absence of manifest error, be conclusive and binding on all Parties. 

  
 49/50

 SIGNATORIES 
 The Borrower: 
 KNOT SHUTTLE TANKERS 18 AS 

By: 
 Name: 

Title: 
 The Agent: 

HSH NORDBANK AG 
 By: 

Name: 
 Title: 

The Banks: 
 HSH NORDBANK AG

 By: 
 Name: 

Title: 
 The Swap Bank: 

HSH NORDBANK AG 
 By: 

Name: 
 Title: 

  
 50/50EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 €300,000,000 

BELDEN INC. 
 (a
Delaware corporation) 
 5.5% Senior Subordinated Notes due 2023 

PURCHASE AGREEMENT 
 March 14, 2013 

 March 14, 2013 
 Deutsche Bank AG, London Branch 
 As Representative for the several Initial Purchasers 

1 Great Winchester Street 
 London, EC2N 2DR

 United Kingdom 
 Ladies and
Gentlemen: 
 Belden Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several
purchasers named in Schedule I hereto (the “Initial Purchasers”), for whom Deutsche Bank AG, London Branch is acting as Representative (in such capacity, the “Representative”), €300,000,000 aggregate principal
amount of its 5.5% Senior Subordinated Notes due 2023 (the “Notes”), which will be unconditionally guaranteed on a senior subordinated basis as to principal, premium, if any, and interest (the “Guarantees” and
together with the Notes, the “Securities”) by the subsidiaries of the Company named in Schedule II hereto (each individually, a “Guarantor” and collectively, the “Guarantors”). The Notes will be
issued pursuant to an Indenture (the “Indenture”) dated as of the Closing Date (as defined in Section 2) among the Company, the Guarantors, Deutsche Trustee Company Limited, as Trustee (the “Trustee”) and
Deutsche Bank AG, London Branch as Principal Paying Agent, Transfer Agent and Registrar. The Notes will be issued only in the form of global notes registered in the name of a common depositary for EuroClear System (“Euroclear”) and
Clearstream Banking société anonyme (“Clearstream”), or a nominee of such common depositary. This Agreement and the Indenture are hereinafter collectively referred to as the “Transaction
Documents” and the execution and delivery of the Transaction Documents and the transactions contemplated herein and therein are hereinafter referred to as the “Transactions.” 

The Notes (and the related Guarantees) will be offered and sold through the Initial Purchasers without being registered under the
Securities Act of 1933, as amended (the “Securities Act”), to qualified institutional buyers in compliance with the exemption from registration provided by Rule 144A under the Securities Act, and in offshore transactions in reliance
on Regulation S under the Securities Act (“Regulation S”). The Initial Purchasers have advised the Company that they will offer and sell the Notes purchased by them hereunder in accordance with Section 3 hereof as soon as the
Representative deems advisable. 
 In connection with the sale of the Notes, the Company has prepared a preliminary offering
memorandum, dated March 8, 2013 (including the information incorporated by reference therein, the “Preliminary Memorandum”), an Offering Memorandum (as defined below) and a Final Memorandum (as defined below), dated the date
hereof. The Final Memorandum, the Preliminary Memorandum, and the Offering Memorandum are collectively referred to herein as a “Memorandum.” Each Memorandum sets forth certain information concerning the Company, the Guarantors, the
Notes, the Transaction Documents and the Transactions. The Company hereby confirms that it has authorized the use of the Preliminary Memorandum and the Offering Memorandum, and any amendment or supplement thereto, in connection with the offer and
sale of the Notes by the Initial Purchasers. 

 Prior to the time when the sales of the Notes were first made (the “Time of
Sale”), the Company has prepared and delivered to the Initial Purchasers a pricing supplement (the “Pricing Supplement”) dated March 14, 2013. In connection with the sale of the Notes, the Company has prepared an
electronic road show (the “Company Additional Written Information”). The Pricing Supplement together with the Preliminary Memorandum is referred to herein as the “Offering Memorandum.” 

Promptly after the Time of Sale and in any event no later than the second business day following the Time of Sale, the Company will
prepare and deliver to each Initial Purchaser a Final Offering Memorandum (including the information incorporated by reference therein, the “Final Memorandum”), which will consist of the Preliminary Offering Memorandum with such
changes therein as are required to reflect the information contained in the Pricing Supplement. 
 1. Representations and
Warranties of the Company and the Guarantors. The Company and the Guarantors jointly and severally represent and warrant to, and agree with, each of the Initial Purchasers that: 

(a) The Offering Memorandum at the Time of Sale did not and, at the Closing Date, will not contain; the Company Additional
Written Information (when taken together with the Offering Memorandum) at the Time of Sale did not and, at the Closing Date, will not contain; and the Final Memorandum, and any amendment or supplement thereto, as of its date and as of the Closing
Date will not contain any untrue statement of a material fact or, in each case, omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; provided, however,
that the representations or warranties set forth in this paragraph shall not apply to statements in or omissions from any Memorandum and the Company Additional Written Information made in reliance upon and in conformity with information furnished in
writing to the Company by the Initial Purchasers expressly for use therein, as specified in Section 12. The Company has not distributed or referred to and will not distribute or refer to any written communication (as defined in Rule 405 of the
Securities Act) that constitutes an offer to sell or solicitation of an offer to buy the Notes other than (i) the Preliminary Memorandum, (ii) the Offering Memorandum, (iii) the Final Memorandum and (iv) Company Additional
Written Information. The statistical and industry data included in each Memorandum are based on or derived from sources that the Company believes to be reliable and accurate in all material respects. 

(b) The Company has been duly organized and is validly existing as a corporation in good standing under the laws of the
State of Delaware. The Company is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such
qualification, except where the failure to so qualify or be in good standing would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. “Material Adverse Effect” shall mean a material adverse change in or
effect on (i)

  
 2 

 
the business, operations, properties, assets, liabilities, earnings, financial condition, results of operations or management of the Company and its subsidiaries, considered as one enterprise,
whether or not in the ordinary course of business, or (ii) the ability of the Company and each Guarantor to perform its obligations under the Notes, the Guarantees or the Transaction Documents. 

(c) Each of the Company and each Guarantor has full power (corporate and other) to own or lease its properties and conduct
its business as described in each Memorandum; and each of the Company and each Guarantor has full power (corporate and other) to enter into the Transaction Documents and to carry out all the terms and provisions hereof and thereof to be carried out
by it. 
 (d) The capitalization of the Company is as set forth in the Offering Memorandum and the Final
Memorandum under the caption “Capitalization.” All of the issued shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable; and none of the outstanding shares of capital stock
of the Company was issued in violation of the preemptive or other similar rights of any security holder of the Company. 
 (e) Each subsidiary (as defined in Rule 405 under the Securities Act) of the Company (each, a “Subsidiary”) has been duly incorporated or organized, is validly existing as a corporation,
partnership or limited liability company, as the case may be, in good standing under the laws of the jurisdiction of its incorporation or organization, has the power and authority to own its property and to conduct its business as described in the
Offering Memorandum and the Final Memorandum and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to
the extent that the failure to be so qualified or be in good standing would not have a Material Adverse Effect; all of the issued shares of capital stock or other ownership interests of each Subsidiary (and, in the case of entities which are not
wholly-owned as set forth on Schedule III hereto, all of the issued shares of capital stock or other ownership interests of each such entity that are owned by the Company or any of its Subsidiaries) have been duly and validly authorized and
issued, are fully paid and non-assessable, and are owned directly or through wholly owned subsidiaries by the Company, free and clear of all liens, encumbrances, equities or claims, except as otherwise described in the Offering Memorandum and the
Final Memorandum. 
 (f) No Subsidiary is prohibited, directly or indirectly, from paying any dividends to the
Company, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the
Company or any other Subsidiary, except as provided by applicable laws or regulations, by the Indenture, by that certain credit agreement dated April 25, 2011 by and among the Company, the Lenders party thereto and JPMorgan Chase Bank N.A., as
administrative agent, as amended, or as disclosed in the Offering Memorandum and the Final Memorandum. 

  
 3 

 (g) Ernst & Young LLP, who has either audited or conducted an
interim review of the Company’s and the Broadband Division of John Mezzalingua Associates, Inc.’s (“PPC”) historical consolidated financial statements included in or incorporated by reference into the Offering Memorandum
and the Final Memorandum and delivered its report with respect to the Company’s and PPC’s audited historical consolidated financial statements in the Offering Memorandum and the Final Memorandum, is an independent registered public
accounting firm with respect to the Company and PPC within the meaning of the Securities Act and the applicable rules and regulations thereunder and the rules and regulations of the Public Company Accounting Oversight Board. 

KPMG LLP, who has either audited or conducted an interim review of the historical consolidated financial statements of
Miranda Technologies, Inc. (“Miranda”) and delivered its report with respect to the audited historical consolidated financial statements of Miranda, is, to the knowledge of the Company and the Guarantors, an independent auditor with
respect to Miranda within the meaning of the Rules of Professional Conduct/Code of Ethics of various Canadian provincial institutes/ordre. 
 (h) The historical consolidated financial statements (including the notes thereto) of the Company and its consolidated subsidiaries included and/or incorporated by reference in the Offering Memorandum and
the Final Memorandum fairly present the financial position, results of operations, cash flows and changes in stockholders’ equity of the Company and its consolidated subsidiaries as of the dates and for the periods specified therein; since the
date of the latest of such financial statements, there has been no change nor any development or event involving a prospective change which, individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect;
such financial statements have been prepared in accordance with generally accepted accounting principles consistently applied throughout the periods involved (except as otherwise expressly disclosed in the notes thereto) and comply in all material
respects as to form with the applicable accounting requirements of Regulation S-X under the Securities Act; the information set forth under the captions “Offering Memorandum Summary – Summary Historical Consolidated Financial
Information” and “Unaudited Pro Forma Financial Information” in the Offering Memorandum and the Final Memorandum has been fairly extracted from the financial statements of the Company and its consolidated subsidiaries, fairly presents
the information included therein and has been compiled on a basis consistent with that of the audited financial statements included and/or incorporated by reference in the Offering Memorandum and the Final Memorandum; and the pro forma financial
information set forth under the caption “Unaudited Pro Forma Financial Information” has been prepared in accordance with the Securities and Exchange Commission’s (the “Commission”) rules and guidelines with respect to
pro forma financial information in all material respects, and the assumptions underlying such pro forma financial information are reasonable and are set forth in each of the Offering Memorandum and the Final Memorandum. The Company has reviewed the
historical combined financial statements and schedules (including the notes thereto) of PPC and Miranda included and/or incorporated by reference in the Offering Memorandum and Final Memorandum and, to the Company and the Guarantors’ knowledge,
the historical combined financial statements and schedules of PPC and Miranda included and/or incorporated by reference in 

  
 4 

 
the Offering Memorandum and the Final Memorandum fairly presents the information included therein as of the dates and for the dates specified therein. The interactive data in eXtensible Business
Reporting Language incorporated by reference in the Preliminary Memorandum, the Offering Memorandum and the Final Memorandum fairly present the information called for in all material respects and have been prepared in accordance with the
Commission’s rules and guidelines applicable thereto. 
 (i) Subsequent to the respective dates as of which
information is given in the Offering Memorandum and the Final Memorandum, (i) none of the Company and its subsidiaries have incurred any liability or obligation, direct or contingent, or entered into any transaction in each case not in the
ordinary course of business; (ii) the Company has not purchased any of its outstanding capital stock, and, except for regular quarterly dividends on the common stock, par value $0.01 of the Company in amounts per share that are consistent with
past practice, has not declared, paid or otherwise made any dividend or distribution of any kind on any class of its capital stock; and (iii) there has not been any change in the capital stock, short-term debt or long-term debt of the Company
and its subsidiaries, except, with respect to (i) through (iii) of this Section 1(i), as disclosed in the Offering Memorandum and the Final Memorandum or as would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect. 
 (j) Each of the Company and each of its subsidiaries maintains (a) effective internal
control over financial reporting as defined in Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and (b) a system of internal accounting controls sufficient to provide reasonable assurances
that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; (iv) the recorded accountability for assets is compared with the
existing assets at reasonable intervals and appropriate action is taken with respect to any differences; and (v) the interactive data in eXtensible Business Reporting Language incorporated by reference in the Preliminary Memorandum, the
Offering Memorandum and the Final Memorandum fairly present the information called for in all material respects and are prepared in accordance with the Commission’s rules and guidelines applicable thereto. 

(k) The Company and its subsidiaries maintain an effective system of “disclosure controls and procedures” (as
defined in Rule 13a-15(e) of the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the
time periods specified in the Commission’s rules and forms, including controls and procedures designed to ensure that such information is accumulated and communicated to the Company’s management as appropriate to allow timely decisions
regarding required disclosure. The Company and its subsidiaries have carried out evaluations of the effectiveness of their disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act. 

  
 5 

 (l) This Agreement has been duly authorized, executed and delivered by the
Company and each Guarantor. 
 (m) The Indenture has been duly authorized by the Company and each Guarantor and,
on the Closing Date, will have been duly executed and delivered by the Company and each Guarantor, and will constitute the legal, valid and binding obligation of the Company and each Guarantor, enforceable against the Company and each Guarantor in
accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject
to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law); and the Indenture will conform in all material respects to the description thereof in the Offering Memorandum and the Final
Memorandum. 
 (n) On the Closing Date, the Indenture will conform, in all material respects, to the requirements
of the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and to the rules and regulations of the Commission applicable to an indenture that is qualified thereunder. 

(o) The Notes have been duly authorized by the Company and, on the Closing Date, when executed and authenticated in the
manner provided for in the Indenture and delivered to and paid for by the Initial Purchasers as provided in this Agreement, will constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with
their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general
principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be entitled to the benefits of the Indenture; the Guarantees have been duly authorized by the Guarantors and, on the Closing Date,
upon the due issuance and delivery of the related Notes and the due endorsement of the Guarantees thereon, will have been duly executed, endorsed and delivered and will constitute legal, valid and binding obligations of each of the Guarantors,
except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of
equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be entitled to the benefits of the Indenture; and the Notes and the Guarantees will conform in all material respects to the descriptions thereof
in the Offering Memorandum and the Final Memorandum. 
 (p) The execution, delivery and performance by the
Company and each Guarantor of this Agreement and the other Transaction Documents, the issuance and sale of the Notes, the issuance of the Guarantees and the compliance by the Company and each Guarantor with all of the provisions of the Notes, the
Guarantees, the Indenture and this Agreement and the consummation of the Transactions will not: (i) violate or conflict with the certificate of incorporation or by-laws or other constitutive documents of the Company or any of its subsidiaries;
(ii) conflict with, result in a breach or violation of, or 

  
 6 

 
constitute a default under, any indenture, mortgage, deed of trust or loan agreement, stockholders’ agreement or any other agreement or instrument to which the Company or any of its
subsidiaries is a party or by which the Company or any of its subsidiaries is bound or any of their respective properties are subject, or any statute, rule or regulation or any judgment, order or decree of any governmental authority or court or any
arbitrator applicable to the Company or any of its subsidiaries, except in the case of this clause (ii) for such conflicts, breaches, violations or defaults that would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect; or (iii) (assuming, as to matters of fact, the accuracy of the representations and warranties of the Initial Purchasers contained herein) require the consent, approval, authorization, order, registration or filing or
qualification with, any governmental authority or court, or body or arbitrator having jurisdiction over the Company or any of its subsidiaries, except (w) filings on Form 8-K under the Exchange Act disclosing the offer and sale of the Notes,
(x) such as may be required by the securities or Blue Sky laws of the various states in connection with the offer or sale of the Notes, (y) such as have been obtained or (z) where the failure to obtain such consents, approvals,
authorizations, orders, registrations, filings or qualifications would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (q) No legal or governmental proceedings or investigations are pending or, to the Company’s and the Guarantors’ knowledge, threatened to which the Company or any of its subsidiaries is a party
or to which any of the properties of the Company or any of its subsidiaries is subject, other than proceedings accurately described in the Preliminary Memorandum, the Offering Memorandum and the Final Memorandum and such proceedings or
investigations that would not, singly or in the aggregate, result in a Material Adverse Effect. 
 (r) There are
no relationships, direct or indirect, between or among the Company or any of its subsidiaries, on the one hand, and the respective directors, officers, stockholders, customers or suppliers of the Company or any of its subsidiaries, on the other
hand, that would be required by the Securities Act to be disclosed in a prospectus were the Notes being issued and sold in a public offering registered on Form S-1 under the Securities Act that are not so disclosed in the Offering Memorandum and the
Final Memorandum; and there are no contracts or other documents that would be required by the Securities Act to be disclosed in a prospectus were the Notes being issued and sold in a public offering registered on Form S-1 under the Securities Act
that are not so disclosed in the Offering Memorandum and the Final Memorandum. 
 (s) Each of the Company and
each Guarantor is not now nor after giving effect to the issuance of the Notes and the Guarantees and the execution, delivery and performance of the Transaction Documents and the consummation of the Transactions, will be (in each case on a
consolidated basis) (i) insolvent, (ii) left with unreasonably small capital with which to engage in its anticipated business or (iii) incurring debts or other obligations beyond its ability to pay such debts or obligations as they
become due. 

  
 7 

 (t) Neither the Company nor any Guarantor has distributed and, prior to the
later to occur of (i) the Closing Date and (ii) the completion of the distribution of the Notes, will distribute any material in connection with the offering and sale of the Notes other than the Offering Memorandum, the Final Memorandum,
Company Additional Written Information or other materials, if any, permitted by the Securities Act and the U.K. Financial Services and Markets Act 2000 (“FSMA”), or regulations promulgated pursuant to the Securities Act or FSMA, and
approved by the parties to this Agreement. 
 (u) The statements set forth in the Offering Memorandum and the
Final Memorandum under the caption “Description of Notes,” insofar as they purport to constitute a summary of the terms of the Notes, and under the captions “Description of Certain Indebtedness” and “Certain United States
Federal Income Tax Considerations,” insofar as they purport to summarize the provisions of the laws and documents referred to therein, fairly and accurately summarize the subject matter thereof in all material respects. 

(v) The Company and its subsidiaries have good and marketable title in fee simple to all items of real property and good
and marketable title to all personal property owned by each of them, free and clear of any pledge, lien, encumbrance, security interest or other defect or claim of any third party, except as (x) set forth in the Offering Memorandum and the
Final Memorandum or (y) to the extent the failure to have such title or the existence of such pledges, liens, encumbrances, security interests or other defects or claims would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect. Any property leased by the Company and its subsidiaries is held under valid, subsisting and enforceable leases, and there is no default under any such lease or any other event that with notice or lapse of time or both would
constitute a default thereunder, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (w) No “prohibited transaction” (as defined in Section 406 of the Employee Retirement Income Security Act of 1974, as amended, including the regulations and published interpretations
thereunder (“ERISA”), or Section 4975 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”)) or failure to satisfy the minimum funding standard under Section 412 of the Code or Section 302
of ERISA, whether or not waived, or any of the events set forth in Section 4043(c) of ERISA (other than events with respect to which the 30-day notice requirement under Section 4043 of ERISA has been waived) has occurred, exists or is
reasonably expected to occur with respect to any employee benefit plan (as defined in Section 3(3) of ERISA) subject to ERISA which the Company or any of its subsidiaries maintains, contributes to or has any obligation to contribute to, or with
respect to which the Company or any of its subsidiaries has any liability, direct or indirect, contingent or otherwise (a “Plan”), except in each case as would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect; and except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect: each Plan is in compliance in all with applicable law, including ERISA and the Code; none of the Company or
any of its subsidiaries has incurred or expects to incur liability under Title IV of ERISA (including any liability under Section 4062(e) of ERISA) with respect to the termination of, or withdrawal from, any Plan; and each Plan that is intended
to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by action or failure to act, which would reasonably be expected to cause the loss of such qualification. 

  
 8 

 (x) Except as disclosed in each Memorandum, no labor dispute with the
employees of the Company or any of its subsidiaries exists or, to the Company’s and the Guarantors’ knowledge, is imminent or is threatened which, individually or in the aggregate, would reasonably be expected to result in a Material
Adverse Effect. 
 (y) There are no proceedings for a merger, consolidation, liquidation or dissolution of the
Company or any Guarantor or a sale of all or a material part of the assets of the Company and its subsidiaries (taken as a whole); and, other than as disclosed in the Offering Memorandum, no probable material acquisition by the Company or any
Guarantor is pending or contemplated. 
 (z) Except as would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect, the Company and each of its subsidiaries owns or otherwise possesses adequate rights to use all patents, trademarks, service marks, trade names and copyrights, all applications and registrations for each
of the foregoing, and all other technology, data, proprietary rights and confidential information necessary to conduct their respective businesses as currently conducted and proposed to be conducted as described in the Offering Memorandum; the
conduct of the Company and its subsidiaries’ respective businesses does not infringe, violate or otherwise conflict with the proprietary rights of any third party except as would not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect, and none of the Company or any of its subsidiaries has received any notice, or is otherwise aware, of any infringement or violation of or conflict with such rights of any third party, which infringement, violation or
conflict, if the subject of an unfavorable decision, would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(aa) The Company and each of its subsidiaries is insured by insurers of recognized financial
responsibility against such losses and risks and in such amounts and with such deductibles as are prudent in the business in which it is engaged; and none of the Company or any of its subsidiaries has any reason to believe that it will not be able
to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their respective businesses at a cost that would not have a Material Adverse Effect.

 (bb) Each of the Company and each of its subsidiaries has complied with all laws, ordinances, regulations and
orders applicable to the Company and its subsidiaries, and their respective businesses, and none of the Company or any of its subsidiaries has received any notice to the contrary; and each of the Company and its subsidiaries possesses all
certificates, authorizations, permits, licenses, approvals, orders and franchises (collectively, “Licenses”) necessary to conduct their respective businesses in the manner and to the full extent now operated or proposed to be operated as
described in the Offering Memorandum and the Final Memorandum, in each case issued by the appropriate 

  
 9 

 national, regional, local or other governmental or regulatory authorities (collectively, the
“Agencies”), except where the failure to so comply or to possess such Licenses would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(cc) There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in
their capacities as such, to comply in all material respects with any provision of the Sarbanes Oxley Act of 2002 and the rules and regulations promulgated in connection therewith (the “Sarbanes Oxley Act”), including
Section 402 related to loans and Sections 302 and 906 related to certifications. 
 (dd) (i) Each of the
Company and each of its subsidiaries is and has been in compliance with all applicable laws, statutes, ordinances, rules, regulations, orders, judgments, decisions, decrees, standards, and requirements relating to: human health and safety;
pollution; management, disposal or release of any chemical, substance, product or waste; and protection, cleanup, remediation or corrective action relating to the environment or natural resources (“Environmental Law”); 

(ii) Each of the Company and each of its subsidiaries and their respective operations and properties has obtained and is
in compliance with the conditions of all permits, authorizations, licenses, approvals and variances necessary under any Environmental Law for the continued conduct in the manner now conducted of their respective businesses (“Environmental
Permits”); 
  
 (iii) Neither the Company
nor any of its subsidiaries has received notice of any actual or potential liability under or relating to, or actual or potential violation of, any Environmental Law, including, for the investigation or remediation of any disposal, release or
threatened release of any chemical, substance, product or waste; 
 (iv) There are no past or present conditions
or circumstances, including but not limited to pending changes in any Environmental Law or Environmental Permits, that are likely to interfere with the conduct of the business of the Company and its subsidiaries in the manner now conducted or which
would interfere with compliance with any Environmental Law or Environmental Permits; and 
 (v) There are no past
or present conditions or circumstances at, or arising out of, their respective businesses, assets and properties of the Company and each of its subsidiaries or any business, assets or properties formerly leased, operated or owned by the Company or
any of its subsidiaries, including but not limited to on-site or off-site disposal or release of any chemical, substance, product or waste, which may give rise to: (i) liabilities or obligations for any cleanup, remediation or corrective action
under any Environmental Law; (ii) claims arising under any Environmental Law for personal injury, property damage, or damage to natural resources; (iii) liabilities or obligations incurred by the Company or its subsidiaries to comply with
any Environmental Law; or (iv) fines or penalties arising under any Environmental Law; 

  
 10 

 except in the case of subparagraphs (i) through (v) above, as would not,
individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, or as disclosed in the Offering Memorandum and the Final Memorandum. 

(ee) (i) Neither the Company nor any Guarantor is in violation of its certificate of incorporation or its bylaws or
comparable organization documents, as applicable, and (ii) no default or breach exists, and no event has occurred that, with notice or lapse of time or both, would constitute a default in the due performance and observation of any term,
covenant or condition of any indenture, mortgage, deed of trust, lease, loan agreement, stockholders’ agreement or any other similar financial agreement or instrument to which the Company or any of its subsidiaries is a party or by which the
Company or any of its subsidiaries is bound or to which any of their respective properties are subject, except in the case for such violations, defaults or breaches that would not, in the aggregate, reasonably be expected to have a Material Adverse
Effect. 
 (ff) Each of the Company and each of its subsidiaries has timely filed all foreign, federal, state and
local tax returns that are required to be filed (taking into account any valid extension) and has paid (or withheld as a withholding agent) all taxes (whether or not shown on a tax return) required to be paid by it and any other assessment, fine or
penalty levied against it, to the extent that any of the foregoing is due and payable, except for (i) any tax, assessment, fine or penalty that is currently being contested in good faith and for which the Company and its subsidiaries retains
adequate reserves in accordance with United States generally accepted accounting principles (“GAAP”) or (ii) to the extent that any failure to file a return or pay any tax, assessment, fine or penalty would not, individually or
in the aggregate, reasonably be expected to have a Material Adverse Effect. There is no tax deficiency, assessment or claim that has been asserted against the Company or any of its subsidiaries that would, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. 
 (gg) Except as disclosed in the Offering Memorandum
and the Final Memorandum, there are no contracts, agreements or understandings between the Company or any of its subsidiaries and any person granting such person the right to require the Company or any of its subsidiaries to file a registration
statement under the Securities Act or to require the Company to include any securities held by any person in any registration statement filed by the Company under the Securities Act. 

(hh) Neither the Company nor any Guarantor is, nor after giving effect to the offering and sale of the Notes and the
application of the proceeds thereof as described in the Offering Memorandum and the Final Memorandum will be, an “investment company,” or a company “controlled” by an “investment company,” within the meaning of the
Investment Company Act of 1940, as amended (the “Investment Company Act”). 
 (ii) Within the preceding
six months, none of the Company or any of its Affiliates has, directly or through any agent, made offers to sell or sales of any security of the Company, or solicited offers to buy any securities of the Company of the same or a similar class as the
Notes, other than the Notes offered or sold to the Initial Purchasers hereunder. 

  
 11 

 (jj) None of the Company or any of its Affiliates has, directly or through
any person acting on its or their behalf (other than the Initial Purchasers, as to which no statement is made), offered, solicited offers to buy or sold the Notes by any form of general solicitation or general advertising (within the meaning of
Regulation D) or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act. 
 (kk) None of the Company, any of its Affiliates, nor any person acting on its or their behalf (other than the Initial Purchasers, as to which no statement is made), has engaged in any directed selling
efforts with respect to the Notes, and each of them has complied with the offering restrictions requirement of Regulation S under the Securities Act (“Regulation S”). Terms used in this paragraph have the meanings given to them by
Regulation S. 
 (ll) None of the Company or any of its Affiliates has taken, directly or indirectly, any action
designed to cause or result in, or which has constituted or which might reasonably be expected to cause or result in, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Notes; nor has
the Company or any of its Affiliates paid or agreed to pay to any person any compensation for soliciting another to purchase any securities of the Company (except as contemplated by this Agreement). 

(mm) The Notes satisfy the eligibility requirements of Rule 144A(d)(3) under the Securities Act. 

(nn) Assuming the accuracy of the representations and warranties of the Initial Purchasers in Section 3 hereof and
compliance by the Initial Purchasers with the procedures set forth in Section 3 hereof, it is not necessary in connection with the offer, sale and delivery of the Notes to the Initial Purchasers in the manner contemplated by this Agreement and
disclosed in each Memorandum to register the Notes or the related Guarantees under the Securities Act or to qualify the Indenture under the Trust Indenture Act. 
 (oo) None of the Transactions (including, without limitation, the use of proceeds from the sale of the Notes) will violate or result in a violation of Section 7 of the Exchange Act or any regulation
promulgated thereunder, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System. 
 (pp) There are, and during the last 12 months there have been, no disputes between the Company and any of its ten largest suppliers (as measured by dollar volume of goods purchased by the Company)
(“Material Suppliers”) or ten largest customers (as measured by dollar volume of goods sold by the Company) (“Material Customers”), except as would not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. The Company has received no notice, and is not otherwise aware, of any anticipated dispute with any of its Material Suppliers and Material Customers, or 

  
 12 

 
that (i) any Material Supplier intends to cease or reduce its supply to the Company or (ii) any Material Customer intends to cease or reduce its purchases from the Company, except in
each case as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (qq) Except as provided for herein or as disclosed in the Offering Memorandum and the Final Memorandum, there are no agreements, arrangements or understandings that will require the payment of any
commissions, fees or other remuneration to any investment banker, broker, finder, consultant or intermediary in connection with the Transactions. 
 (rr) There are no stamp or other issuance or transfer taxes or duties or other similar fees or charges required to be paid in connection with the execution and delivery of this Agreement or the issuance
or sale by the Company of the Notes. 
 (ss) None of the Company, its subsidiaries or, to the knowledge of the
Company and the Guarantors, any director, officer, agent, employee or Affiliate of the Company or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such Persons of Foreign
Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), the UK Bribery Act 2010 or any other applicable anti-bribery law or statute, including, without limitation, making use of the mails or
any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of
value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA, the UK Bribery Act 2010, the OECD
Convention on Bribery of Foreign Public Officials in International Transactions or similar laws or regulations of any other relevant jurisdiction; and the Company, its subsidiaries and, to the knowledge of the Company and the Guarantors, its
Affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith and
compliance with, as applicable, the UK Bribery Act 2010, the OECD Convention on Bribery of Foreign Public Officials in International Transactions or similar laws or regulations of any other relevant jurisdiction. 

(tt) The operations of the Company and its subsidiaries are and have been conducted at all times in compliance with
applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the U.S. PATRIOT Act, the rules and regulations thereunder,
and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or
governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the Company and the Guarantors, threatened. 

  
 13 

 (uu) None of the Company, any of its subsidiaries or, to the knowledge of
the Company and the Guarantors, any director, officer, agent, employee or Affiliate of the Company or any of its subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of
the Treasury (“OFAC”) or equivalent EU or United Nations measure or Her Majesty’s Treasury; and the Company will not directly or indirectly use the proceeds of the offering of the Notes, or lend, contribute or otherwise make
available such proceeds to any Subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC or any equivalent EU or United Nations
measure or sanctions administered by Her Majesty. 
 Each certificate signed by any officer of the Company or the Guarantors and
delivered to the Initial Purchasers or their counsel shall be deemed to be a representation and warranty by the Company or the Guarantors, as the case may be, to the Initial Purchasers as to the matters covered thereby. 

(vv) Application has been made by the Company and the Guarantors for the Notes to be admitted to the Official List of the
Irish Stock Exchange and admitted to trading on the Global Exchange Market of the Irish Stock Exchange. 
 2. Purchase, Sale
and Delivery of the Notes. On the basis of the representations, warranties, agreements and covenants herein contained and subject to the terms and conditions herein set forth, the Company agrees to issue and sell €300,000,000 aggregate
principal amount of Notes, and each of the Initial Purchasers, severally and not jointly, agrees to purchase from the Company the principal amount of Notes set forth opposite the name of such Initial Purchaser in Schedule I hereto at a
purchase price equal to 98.25% of the principal amount thereof plus accrued interest, if any, from March 21, 2013 (the “Purchase Price”). One or more certificates in definitive form or global form, as instructed by the Representative
for the Notes that the Initial Purchasers have severally agreed to purchase hereunder, and in such denomination or denominations and registered in such name or names as the Representative requests upon notice to the Company not later than one full
business day prior to the Closing Date (as defined below), shall be delivered by or on behalf of the Company to a common depositary (the “Common Depositary”) for Euroclear and Clearstream for the respective accounts of the Initial
Purchasers, with any transfer taxes payable in connection with the transfer of the Notes to the Initial Purchasers duly paid, against payment by or on behalf of the Initial Purchasers of the Purchase Price therefor by wire transfer in Federal or
other funds immediately available to the account of the Company. Such delivery of and payment for the Notes shall be made at the offices of Vinson & Elkins LLP (“Counsel for the Issuer”), 1001 Fannin, Suite 2500, Houston, Texas
77002 at 10:00 A.M., London time, on March 21, 2013, or at such other place, time or date as the Representative and the Company may agree upon, such time and date of delivery against payment being herein referred to as the “Closing
Date.” The Company will make such certificate or certificates for the Notes available for examination by the Initial Purchasers at the New York, New York offices of Counsel for the Issuer not later than 10:00 A.M., London time on the business
day prior to the Closing Date. 

  
 14 

 3. Offering of the Notes and the Initial Purchasers’ Representations and
Warranties. Each of the Initial Purchasers, severally and not jointly, represents and warrants to and agrees with the Company and the Guarantors that: 
 (a) It is a qualified institutional buyer as defined in Rule 144A under the Securities Act (a “QIB”). 
 (b) It will solicit offers for such Notes only from, and will offer such Notes only to, persons that it reasonably believes to be (A) in the case of offers inside the United States, QIBs (B) in
the case of offers outside the United States, to persons other than U.S. persons (“foreign purchasers”, which term shall include dealers or other professional fiduciaries in the United States acting on a discretionary basis for foreign
beneficial owners (other than an estate or trust)) in reliance upon Regulation S under the Securities Act that, in each case, in purchasing such Notes are deemed to have represented and agreed as provided in the Offering Memorandum and the Final
Memorandum under the caption “Notice to Investors.” 
 (c) It will not offer or sell the Notes using
any form of general solicitation or general advertising (within the meaning of Regulation D) or in any manner involving a public offering within the meaning of Section 4(a)(2) under the Securities Act. 

(d) With respect to offers and sales outside the United States: 

(i) at or prior to the confirmation of any sale of any Notes sold in reliance on Regulation S, it will have sent to each
distributor, dealer or other person receiving a selling concession, fee or other remuneration that purchases Notes from it during the distribution compliance period (as defined in Regulation S) a confirmation or notice substantially to the following
effect: 
 “The Notes covered hereby have not been registered under the U.S. Securities Act of 1933, as
amended (the “Securities Act”), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, (i) as part of their distribution at any time; or (ii) otherwise until 40 days after
the later of the commencement of the offering of the Notes and March 21, 2013, except in either case in accordance with Regulation S or Rule 144A under the Securities Act. Terms used above have the meanings given to them by
Regulation S.”; and 
 (ii) such Initial Purchaser has offered the Notes and will offer and sell the
Notes (A) as part of its distribution at any time and (B) otherwise until 40 days after the later of the commencement of the offering and the Closing Date, only in accordance with Rule 903 of Regulation S or as otherwise permitted in
Section 3(b); accordingly, such Initial Purchaser has not engaged nor will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Notes, and such Initial Purchaser has complied and will comply with the
offering restrictions requirements of Regulation S. 

  
 15 

 Terms used in this Section 3(d) have the meanings given to them by Regulation S.

 4. Covenants of the Company. The Company and the Guarantors, jointly and severally, covenant and agree with the
Initial Purchasers that: 
 (a) The Company will prepare the Offering Memorandum and the Final Memorandum in the
form approved by the Representative and will not amend or supplement the Offering Memorandum or the Final Memorandum or otherwise distribute or refer to any “written communication” (as defined under Rule 405 of the Securities Act) that
constitutes an offer to sell or a solicitation of an offer to buy the Notes (other than the Offering Memorandum, the Final Memorandum and the Company Additional Written Information) without first furnishing to the Representative a copy of such
proposed amendment or supplement and will not use or file any amendment or supplement to which the Representative may reasonably object. 
 (b) The Company will furnish to the Initial Purchasers and to Counsel for the Initial Purchasers concurrently with the Time of Sale and during the period referred to in paragraph (c) below, without
charge, as many copies of the Offering Memorandum and the Final Memorandum and any amendments and supplements thereto as they reasonably may request. 
 (c) At any time prior to the completion of the distribution of the Notes by the Initial Purchasers, if any event occurs or condition exists as a result of which the Offering Memorandum or the Final
Memorandum, as then amended or supplemented, would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading,
or if it should be necessary to amend or supplement the Offering Memorandum or the Final Memorandum, to comply with applicable law, the Company will promptly (i) notify the Initial Purchasers of the same; (ii) subject to the requirements
of paragraph (a) of this Section 4, prepare and provide to the Initial Purchasers, at its own expense, an amendment or supplement to the Offering Memorandum or the Final Memorandum, so that the statements in the Offering Memorandum or
Final Memorandum as so amended or supplemented will not, in the light of the circumstances when the Offering Memorandum or Final Memorandum, is delivered to a purchaser, be misleading or so that the Offering Memorandum or Final Memorandum, as
amended or supplemented, will comply with applicable law; and (iii) supply any supplemented or amended Offering Memorandum or Final Memorandum, to the Initial Purchasers and Counsel for the Initial Purchasers, without charge, in such quantities
as may be reasonably requested. 
 (d) The Company will (i) qualify the Notes and the Guarantees for sale by
the Initial Purchasers under the laws of such jurisdictions as the Representative may reasonably designate and (ii) maintain such qualifications for so long as reasonably required for the resale of the Notes by the Initial Purchasers; provided,
however, that the Company shall not be required to qualify as a foreign corporation or to take any action that would subject it to general service of process or subject itself to taxation in any jurisdiction where it is not presently qualified or so
subject. The Company will promptly advise the Initial Purchasers of the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction or the initiation or threatening of any
proceeding for such purpose. 

  
 16 

 (e) At any time prior to the completion of the distribution of the Notes by
the Initial Purchasers, (x) the Company will deliver to the Initial Purchasers such additional information concerning the business and financial condition of the Company as the Initial Purchasers may from time to time reasonably request and
(y) whenever it or any of its subsidiaries publishes or makes available to the public (by filing with any regulatory authority or securities exchange or by publishing a press release or otherwise) any information that would reasonably be
expected to be material in the context of the issuance of the Notes under this Agreement, shall promptly notify the Initial Purchasers as to the nature of such information or event. At any time prior to the first anniversary of the Closing Date, the
Company will notify the Initial Purchasers of (i) any decrease in the rating of the Notes or any other debt securities of the Company by any nationally recognized statistical rating organization (as defined in Section 3(a)(62) of the
Exchange Act) or (ii) any notice or public announcement given of any intended or potential decrease in any such rating or that any such securities rating agency has under surveillance or review, with possible negative implications, its rating
of the Notes, as soon as reasonably practicable after the Company becomes aware of any such decrease, notice or public announcement. 
 (f) The Company will not and will not permit any of its Affiliates to resell any of the Notes that have been acquired by any of them, other than pursuant to an effective registration statement under the
Securities Act or in accordance with Rule 144 under the Securities Act. 
 (g) None of the Company or any of its
Affiliates, nor any person acting on its or their behalf (other than the Initial Purchasers or any of their respective Affiliates, as to which no statement is made) will, directly or indirectly, make offers or sales of any security, or solicit
offers to buy any security, under circumstances that would require the registration of the Notes under the Securities Act. 
 (h) None of the Company or any of its Affiliates, nor any person acting on its or their behalf (other than the Initial Purchasers or any of their respective Affiliates, as to which no statement is made),
will solicit any offer to buy or offer to sell the Notes by means of any form of general solicitation or general advertising (within the meaning of Regulation D) or in any manner involving a public offering within the meaning of Section 4(a)(2)
of the Securities Act. 
 (i) None of the Company or any of its Affiliates, nor any person acting on its or their
behalf (other than the Initial Purchasers or any of their respective Affiliates, as to which no statement is made), will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Notes, and each of them will
comply with the offering restrictions requirements of Regulation S. 

  
 17 

 (j) None of the Company or any of its Affiliates, nor any person acting on
its or their behalf (other than the Initial Purchasers or any of their respective Affiliates, as to which no statement is made), will sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any securities of the same or a
similar class as the Notes, other than the Notes offered or sold to the Initial Purchasers hereunder, in a manner which would require the registration under the Securities Act of the Notes. 

(k) So long as any of the Notes are “restricted securities” within the meaning of Rule 144(a)(3) under the
Securities Act, at any time that the Company is not then subject to Section 13 or 15(d) of the Exchange Act, the Company will provide at its expense to each holder of the Notes and to each prospective purchaser (as designated by such holder) of
the Notes, upon the request of such holder or prospective purchaser, any information required to be provided by Rule 144A(d)(4) under the Securities Act. (This covenant is intended to be for the benefit of the holders, and the prospective purchasers
designated by such holders from time to time, of the Notes.) 
 (l) The Company will use its reasonable best
efforts, in cooperation with the Initial Purchasers to cause the Securities to be eligible for clearance and settlement through Euroclear and Clearstream. For so long as the Securities are eligible for resale in reliance on Rule 144A or Regulation
S, if requested by the Initial Purchasers, the Company will use its reasonable efforts to permit the Securities to be eligible for settlement through the book entry facilities of Euroclear and Clearstream. 

(m) The Company will apply the net proceeds from the sale of the Notes as set forth under “Use of Proceeds” in
the Offering Memorandum and the Final Memorandum. 
 (n) The Company will use its reasonable best efforts to list
and to maintain the listing of the Notes on the Official List of the Irish Stock Exchange for trading on the Global Exchange Market for so long as such Notes are outstanding. 

(o) Until completion of the distribution, neither the Company nor any of its Affiliates will take, directly or indirectly,
any action designed to cause or result in, or which has constituted or which might reasonably be expected to cause or result in, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Notes.

 (p) For so long as any Notes are outstanding, the Company and its subsidiaries will conduct their operations
in a manner that will not subject the Company or any Subsidiary to registration as an investment company under the Investment Company Act. 
 (q) Each Note will bear the legend contained in “Notice to Investors” in the Offering Memorandum and the Final Memorandum for the time period and upon the other terms stated in the Offering
Memorandum and the Final Memorandum. 
 (r) The Company will not, directly or indirectly, offer, sell, contract
to sell or otherwise dispose of any debt securities of the Company or warrants to purchase debt securities of the Company substantially similar to the Notes (other than the Notes offered pursuant to this Agreement) for a period of 60 days after the
date hereof, without the prior written consent of the Representative. 

  
 18 

 (s) Each of the Company and each Guarantor acknowledges and agrees that each
of the Initial Purchasers is acting solely in the capacity of an arm’s length contractual counterparty to the Company and each Guarantor with respect to the offering of the Notes and the Guarantees contemplated hereby (including in connection
with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, the Company, any Guarantor or any other person. Additionally, no Initial Purchaser is advising the Company, any Guarantor or any other
person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. Each of the Company and each Guarantor shall consult with its own advisors concerning such matters and shall be responsible for making its own independent
investigation and appraisal of the Transactions, and the Initial Purchasers shall have no responsibility or liability to the Company or any Guarantor with respect thereto. Any review by the Initial Purchasers of the Company, any Guarantor, the
Transactions or other matters relating to the Transactions will be performed solely for the benefit of the Initial Purchasers and shall not be on behalf of the Company or any Guarantor. 

5. Expenses. (a) Whether or not the Transactions are consummated or this Agreement is terminated, the Company and the
Guarantors, jointly and severally, will pay or cause to be paid all expenses incident to the performance of their obligations under this Agreement, including: (i) the fees, disbursements and expenses of the Company’s counsel and the
Company’s accountants in connection with the issuance and sale of the Notes and all other fees or expenses in connection with the preparation of each Memorandum and all amendments and supplements thereto, including all printing costs associated
therewith, and the delivering of copies thereof to the Initial Purchasers, in the quantities herein above specified, (ii) all costs and expenses related to the transfer and delivery of the Notes to the Initial Purchasers, including any transfer
or other taxes payable thereon, (iii) the cost of producing any Blue Sky or legal investment memorandum in connection with the offer and sale of the Notes under state securities laws and all expenses in connection with the qualification of the
Notes for offer and sale under state securities laws as provided in Section 4(d) hereof, including filing fees and the reasonable fees and disbursements of Counsel for the Initial Purchasers in connection with such qualification and in
connection with the Blue Sky or legal investment memorandum, (iv) all expenses and listing fees incurred in connection with the application for admission of the Notes on the Global Exchange Market of the Irish Stock Exchange, (v) any fees
charged by rating agencies for the rating of the Notes, (vi) the costs and charges of the Trustee and any transfer agent, registrar or depositary, (vii) the cost of the preparation, issuance and delivery of the Notes, (viii) all costs
and expenses relating to investor presentations, including any “road show” presentations undertaken in connection with the marketing of the offering of the Notes, including, without limitation, expenses associated with the production of
road show slides and graphics, fees and expenses of any consultants engaged in connection with the road show presentations and the travel and lodging expenses of the representatives and officers of the Company and any such consultants (other than
the cost of any aircraft chartered in connection with the road show for the representatives and officers of the Company and the Initial Purchasers and the travel and lodging expenses of the Initial Purchasers, each of which shall be borne by the
Initial Purchasers), and (ix) all other costs and expenses incident to the performance of the obligations of the Company hereunder for which provision is not otherwise made in this Section. It is understood, however, that except as provided in
Section 5(b) of this Agreement, the Initial Purchasers will pay all of their costs and expenses, including fees and disbursements of their counsel, transfer taxes payable on resale of any of the Notes by them and any advertising expenses
connected with any offers they may make. 

  
 19 

 (b) If the sale of the Notes provided for herein is not consummated because any condition to
the obligations of the Initial Purchasers set forth in Section 6 hereof is not satisfied, because this Agreement is terminated pursuant to Section 10 hereof or because of any failure, refusal or inability on the part of the Company or the
Guarantors to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder other than by reason of a default by any of the Initial Purchasers, the Company and the Guarantors, jointly and severally, will
reimburse the Initial Purchasers upon demand for all reasonable and documented out-of-pocket expenses (including reasonable counsel fees and disbursements) that shall have been incurred by them in connection with the proposed purchase and sale of
the Notes; provided that in the case of a termination pursuant to any of clauses (i) (other than a termination as a result of a suspension in trading in any securities of the Company), (ii), (iii) or (iv) of Section 10
hereof, the Company and the Guarantors, jointly and severally, will reimburse the Initial Purchasers upon demand for one-half of all reasonable and documented out-of-pocket expenses (including reasonable counsel fees and disbursements) that shall
have been incurred by them in connection with the proposed purchase and sale of the Notes. 
 6. Conditions to the Initial
Purchasers’ Obligations. The obligations of the several Initial Purchasers to purchase and pay for the Notes shall be subject to the accuracy of the representations and warranties of the Company and the Guarantors in Section 1 hereof,
in each case as of the date hereof and as of the Closing Date, as if made on and as of the Closing Date, to the accuracy of the statements of the Company’s officers made pursuant to the provisions hereof, to the performance by the Company and
the Guarantors of their covenants and agreements hereunder and to the following additional conditions: 
 (a) The
Initial Purchasers shall have received (i) an opinion and negative assurance statement, dated the Closing Date, of Vinson & Elkins L.L.P., counsel for the Company, the form of which is attached as Exhibit A, and (ii) an
opinion, dated the Closing Date, of Kevin L. Bloomfield, internal counsel for the Company, the form of which is attached as Exhibit B. 
 (b) The Initial Purchasers shall have received an opinion, dated the Closing Date, of Cahill Gordon & Reindel LLP, Counsel for the Initial Purchasers, with respect to the issuance and sale of the
Notes and such other related matters as the Initial Purchasers may reasonably require, and the Company shall have furnished to such counsel such documents as it may reasonably request for the purpose of enabling it to pass upon such matters.

 (c) The Initial Purchasers shall have received on each of the date hereof and the Closing Date a letter, dated
the date hereof or the Closing Date, as the case may be, in form and substance reasonably satisfactory to the Initial Purchasers and Counsel for the Initial Purchasers, from Ernst & Young LLP, an independent registered public accounting
firm, containing statements and information of the type ordinarily included in accountants’ “comfort letters” to underwriters with respect to the historical consolidated 

  
 20 

 
financial statements and certain financial information of the Company and PPC included in or incorporated by reference into the Offering Memorandum and the Final Memorandum; provided that
the letter delivered on the Closing Date shall use a “cut-off date” within three days of the date of such letter. References to the Offering Memorandum and the Final Memorandum in this paragraph (c) with respect to either letter
referred to above shall include any amendment or supplement thereto at the date of such letter. 
 (d)
(i) None of the Company nor any of its subsidiaries, shall have sustained, since the date of the latest audited historical consolidated financial statements included or incorporated by reference in the Offering Memorandum and the Final
Memorandum (exclusive of any amendment or supplement thereto), any loss or interference with their respective businesses or properties from fire, explosion, flood, accident or other calamity, whether or not covered by insurance, or from any labor
dispute or court or governmental action, order or decree (whether domestic or foreign) otherwise than as set forth in the Offering Memorandum and the Final Memorandum (exclusive of any amendment or supplement thereto); and (ii) since the
respective dates as of which information is given in the Offering Memorandum and the Final Memorandum, there shall not have been any change in the capital stock or long-term debt of the Company and its subsidiaries, considered as one enterprise, or
any change in or effect on or any development having a prospective change in or effect on the business, operations, properties, assets, liabilities, earnings, financial condition, results of operations or management of the Company and its
subsidiaries, considered as one enterprise, whether or not in the ordinary course of business, otherwise than as set forth in the Offering Memorandum and the Final Memorandum (exclusive of any amendment or supplement thereto), the effect of which,
in any such case described in clause (i) or (ii), is, in the sole judgment of the Representative, so material and adverse as to make it impracticable or inadvisable to proceed with the offering, sale or delivery of the Notes on the terms and in
the manner described in the Offering Memorandum and the Final Memorandum (exclusive of any amendment or supplement thereto). 
 (e) The Initial Purchasers shall have received certificates dated the Closing Date and in form and substance reasonably satisfactory to the Initial Purchasers, of (i) the Chief Executive Officer and
the Chief Financial Officer of the Company and (ii) each Guarantor: as to the accuracy of the representations and warranties of the Company and the Guarantors in this Agreement at and as of the Closing Date; that the Company and or the
applicable Guarantor(s), as the case may be, have performed all covenants and agreements and satisfied all conditions on its or their part to be performed or satisfied at or prior to the Closing Date; and as to the matters set forth in
Section 6(e) (in the case of the certificate from the Company’s officers only). 
 (f) The Notes shall
have received initial ratings by Standard & Poor’s and Moody’s, and, subsequent to the date hereof, there shall not have been any decrease in the rating of the Notes or any of the Company’s other debt securities by any
“nationally recognized statistical rating agency”, as that term is defined by the Commission for purposes of Section 3(a)(62) under the Exchange Act, and no such organization shall have publicly announced that it has under
surveillance or review its ratings of the Notes or any 

  
 21 

 
of the Company’s other debt securities or any notice or public announcement given of any intended or potential decrease in any such rating or that any such securities rating agency has under
surveillance or review, with possible negative implications, its rating of the Notes. 
 (g) The Notes shall be
eligible for clearance and settlement through the Common Depositary, Euroclear and Clearstream. 
 (h) On or
before the Closing Date, the Initial Purchasers and Counsel for the Initial Purchasers shall have received such further certificates, documents or other information as they may have reasonably requested from the Company. 

7. [Reserved]. 
 8. Indemnification and Contribution. (a) The Company and each Guarantor, jointly and severally, agree to indemnify and hold harmless each Initial Purchaser, its affiliates, directors and
officers and each person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) any Initial Purchaser against any losses, claims, damages, costs, expenses or liabilities, joint or
several, to which such Initial Purchaser or such other person may become subject, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue
statement of any material fact contained in the Preliminary Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Memorandum or any amendment or supplement thereto; or (ii) the omission or alleged omission
to state in the Preliminary Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Memorandum or any amendment or supplement thereto a material fact necessary to make the statements therein, in the light of the
circumstances in which they were made, not misleading, and will reimburse, as incurred, each Initial Purchaser and each such other person for any legal or other expenses reasonably incurred by such Initial Purchaser or such other person in
connection with investigating, defending against or appearing as a third-party witness in connection with any such loss, claim, damage, liability or action; provided, however, that the Company and the Guarantors will not be liable in
any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary Memorandum, the Pricing Supplement,
any Company Additional Written Information or the Final Memorandum or any amendment or supplement thereto, in reliance upon and in conformity with written information furnished to the Company by such Initial Purchaser through the Representative
specifically for use therein as set forth in Section 12 hereof. 
 (b) Each Initial Purchaser, severally and not jointly,
will indemnify and hold harmless the Company and the Guarantors and their respective affiliates, directors, officers, and each person, if any, who controls any of the Company or the Guarantors within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act against any losses, claims, damages or liabilities to which the Company, the Guarantors, any such affiliates, directors or officers or such controlling person may become subject, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or 

  
 22 

 
alleged untrue statement of any material fact contained in the Preliminary Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Memorandum or any amendment
or supplement thereto, or (ii) the omission or alleged omission to state in the Preliminary Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Memorandum or any amendment or supplement thereto a material
fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or
alleged omission was made in reliance upon and in conformity with written information furnished to the Company by the Initial Purchasers through the Representative specifically for use therein as set forth in Section 12 hereof and, subject to
the limitation set forth immediately preceding this clause, will reimburse as incurred, any legal or other expenses reasonably incurred by the Company or the Guarantors or any such affiliates, directors or officers or such controlling person in
connection with investigating, defending against or appearing as a third-party witness in connection with, any such loss, claim, damage, liability or action in respect thereof. 
 (c) Promptly after receipt by any person to whom indemnity may be available under this Section 8 (the “indemnified party”) of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be made against any person from whom indemnity may be sought under this Section 8 (the “indemnifying party”), notify such indemnifying party in writing of the
commencement thereof; but the failure to so notify such indemnifying party will not relieve such indemnifying party from (i) any liability which it may have under paragraphs (a) and (b) of this Section 8 to the extent it is not
materially prejudiced (through the forfeiture of substantive rights or defenses) as a proximate result of the failure or (ii) any other liability which it may have to such indemnified party. In case any such action is brought against any
indemnified party, and such indemnified party notifies the relevant indemnifying party of the commencement thereof, such indemnifying party will be entitled to participate therein and, to the extent that it may wish, to assume the defense thereof,
jointly with any other indemnifying party similarly notified, with counsel reasonably satisfactory to such indemnified party; provided, however, that if the named parties in any such action (including impleaded parties) include both
the indemnified party and the indemnifying party and the indemnified party shall have concluded, based on advice of outside counsel, that there may be one or more legal defenses available to it and/or other indemnified parties which are different
from or additional to those available to the indemnifying party or that representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them, the indemnifying party shall not have the
right to direct the defense of such action on behalf of such indemnified party or parties and such indemnified party or parties shall have the right to select separate counsel to defend such action on behalf of such indemnified party or parties.
After notice from an indemnifying party to an indemnified party of its election so to assume the defense thereof and approval by such indemnified party of counsel appointed to defend such action (such approval not to be unreasonably withheld or
delayed), such indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other expenses, other than reasonable costs of investigation, subsequently incurred by such indemnified party in connection
with the defense thereof, unless (i) such indemnified party shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence (it being understood, however, that in connection with such action the
indemnifying party shall not be liable for the reasonable 

  
 23 

 
expenses of more than one separate counsel (in addition to one local counsel in any jurisdiction) for any indemnified person in any one action or separate but substantially similar actions in the
same jurisdiction arising out of the same general allegations or circumstances) or (ii) such indemnifying party does not promptly retain counsel reasonably satisfactory to such indemnified party or (iii) such indemnifying party has
authorized the employment of counsel for such indemnified party at the expense of the indemnifying party. After such notice from an indemnifying party to an indemnified party, such indemnifying party will not be liable for the costs and expenses of
any settlement of such action effected by such indemnified party without the written consent of such indemnifying party. An indemnifying party will not, without the prior written consent of the indemnified party, settle or compromise or consent to
the entry of any judgment in any pending or threatened claim, action, suit or proceeding in respect of which indemnification may be sought hereunder (whether or not the indemnified party or any other person that may be entitled to indemnification
hereunder is a party to such claim, action, suit or proceeding) unless such settlement, compromise or consent includes an unconditional release of the indemnified party and such other persons from all liability arising out of such claim, action,
suit or proceeding and does not contain any statement as to or finding of fault, culpability or failure to act by or on behalf of such indemnified party. 
 (d) (i) In circumstances in which the indemnity agreement provided for in the preceding paragraphs of this Section 8 is unavailable or insufficient, for any reason, to hold harmless an indemnified
party in respect of any losses, claims, damages or liabilities (including, without limitation, any legal or other expenses incurred in connection with defending or investigating any action or claim) (or actions in respect thereof)
(“Losses”), the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other, in order to provide for just and equitable contribution, agree to contribute to the amount paid or payable by such indemnified party as
a result of such Losses to which the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other, may be subject, in such proportion as is appropriate to reflect the relative benefits received by the Company and the
Guarantors, on the one hand, and the Initial Purchasers, on the other, from the offering of the Notes or (ii) if the allocation provided by the foregoing clause (i) is unavailable for any reason, not only such relative benefits but also
the relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other, in connection with the statements or omissions or alleged statements or omissions that resulted in such Losses. The relative benefits
received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other, shall be deemed to be in the same proportion as the total proceeds from the offering (before deducting expenses, but, for the avoidance of doubt,
net of the Initial Purchasers’ discounts) received by the Company bear to the total discounts, commissions and fees received by the Initial Purchasers from the Company in connection with the purchase of the Notes hereunder as set forth in the
Final Memorandum or this Agreement. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material
fact relates to information supplied by the Company, the Guarantors or the Initial Purchasers, the parties’ intent, relative knowledge, access to information and opportunity to correct or prevent such statement or omission, and any other
equitable considerations appropriate in the circumstances. The Company, the Guarantors and the Initial Purchasers agree that it would not be just and equitable if contribution were determined by pro rata allocation or by any other method of
allocation (even if the Initial Purchasers were treated as one entity for 

  
 24 

 
such purpose) that does not take into account the equitable considerations referred to above. Notwithstanding any other provision of this paragraph (d), no Initial Purchaser shall be obligated to
make contributions hereunder that in the aggregate exceed the total discounts, commissions and fees received by such Initial Purchaser from the Company in connection with the purchase of the Notes hereunder, and no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ respective obligations to
contribute hereunder are several in proportion to their respective obligations to purchase Notes as set forth on Schedule I hereto and not joint. For purposes of this paragraph (d), each person, if any, who controls an Initial Purchaser within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act and each other person listed in Section 8(a) hereof shall have the same rights to contribution as such Initial Purchaser, and each affiliate, director or
officer of the Company or any Guarantor and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Company
and the Guarantors. 
 (e) The obligations of the Company and the Guarantors under this Section 8 shall be in addition to
any obligations or liabilities which the Company and the Guarantors may otherwise have and the obligations of the respective Initial Purchasers under this Section 8 shall be in addition to any obligations or liabilities which the Initial
Purchasers may otherwise have. 
 9. Survival. The respective representations, warranties, agreements, covenants,
indemnities and other statements of the Company, the Guarantors, their respective officers, and the several Initial Purchasers set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement shall remain in full
force and effect, regardless of (i) any investigation made by or on behalf of the Company, the Guarantors, their respective officers or directors or any controlling person referred to in Section 8 hereof or any Initial Purchaser and
(ii) delivery of and payment for the Notes. The respective agreements, covenants, indemnities and other statements set forth in Sections 5, 8, 9, 13, 14, 15 and 16 hereof shall remain in full force and effect, regardless of any termination or
cancellation of this Agreement. 
 10. Termination. (a) The Representative may terminate this Agreement with respect
to the Notes by notice to the Company at any time on or prior to the Closing Date in the event that the Company shall have failed, refused or been unable to perform in any material respect all obligations and satisfy in any material respect all
conditions on its part to be performed or satisfied hereunder at or prior thereto or if, at or prior to the Closing Date and after the execution of this Agreement (i) trading in securities generally on the New York Stock Exchange, the NASDAQ
Stock Market, the Irish Stock Exchange, the London Stock Exchange or in the over-the-counter market, or trading in any securities of the Company on any exchange or in the over-the-counter market, shall have been suspended or minimum or maximum
prices shall have been established on any such exchange or market; (ii) there has been a material disruption in commercial banking or securities settlement, payment or clearance services in the United States, the United Kingdom or Ireland;
(iii) a banking moratorium shall have been declared by New York or United States authorities or by the competent governmental or regulatory authorities in the United Kingdom or Ireland, or (iv) there shall have been (A) an outbreak or
escalation of hostilities between the European Union, any member state thereof or the United States and any foreign 

  
 25 

 
power, (B) an outbreak or escalation of any other insurrection or armed conflict involving the European Union, any member state thereof or the United States, (C) the occurrence of any
other calamity or crisis or (D) any change in general economic, political or financial conditions which has an effect on the U.S. financial markets or the international financial markets that, in the case of any event described in this clause
(iv), in the sole judgment of the Representative, makes it impracticable or inadvisable to proceed with the offer, sale and delivery of the Notes as disclosed in the Preliminary Memorandum, the Offering Memorandum or the Final Memorandum, exclusive
of any amendment or supplement thereto. 
 (b) Termination of this Agreement pursuant to this Section 10 shall be without
liability of any party to any other party except as provided in Sections 5 and 8 hereof. 
 11. Defaulting Initial
Purchasers. If, on the Closing Date, any Initial Purchaser defaults in the performance of its obligations under this Agreement, the non-defaulting Initial Purchasers shall be obligated to purchase the Notes that such defaulting Initial Purchaser
or Initial Purchasers agreed but failed to purchase on the Closing Date (the “Remaining Notes”) in the respective proportions that the principal amount of the Notes set opposite the name of each non-defaulting Initial Purchaser in
Schedule I hereto bears to the total number of the Notes set opposite the names of all the non-defaulting Initial Purchasers in Schedule I hereto; provided, however, that the non-defaulting Initial Purchasers shall not be obligated to
purchase any of the Notes on the Closing Date if the total amount of Notes which the defaulting Initial Purchaser or Initial Purchasers agreed but failed to purchase on such date exceeds 10% of the total amount of Notes to be purchased on the
Closing Date, and no non-defaulting Initial Purchaser shall be obligated to purchase more than 110% of the amount of Notes that it agreed to purchase on the Closing Date pursuant to this Agreement. If the foregoing maximums are exceeded, the
non-defaulting Initial Purchasers, or those other purchasers satisfactory to the Initial Purchasers and the Company who so agree, shall have the right, but not the obligation, to purchase, in such proportion as may be agreed upon among them, all the
Remaining Notes. If the non-defaulting Initial Purchasers or other Initial Purchasers satisfactory to the Initial Purchasers do not elect to purchase the Remaining Notes, this Agreement shall terminate without liability on the part of any
non-defaulting Initial Purchaser or the Company, except that the Company will continue to be liable for the payment of expenses to the extent set forth herein. 
 Nothing contained in this Agreement shall relieve a defaulting Initial Purchaser of any liability it may have to the Company for damages caused by its default. If other purchasers are obligated or agree
to purchase the Notes of a defaulting or withdrawing Initial Purchaser, the Company or the Representative may postpone the Closing Date for up to five full business days in order to effect any changes in the Transaction Documents or in any other
document or arrangement that, in the opinion of counsel for the Company or Counsel for the Initial Purchasers, may be necessary. 
 12. Information Supplied by Initial Purchasers. The statements set forth in the second sentence of the sixth paragraph and seventh paragraph under the heading “Plan of Distribution” in
the Offering Memorandum and the Final Memorandum, to the extent such statements relate to the Initial Purchasers, constitute the only information furnished by the Initial Purchasers to the Company for the purposes of Sections 1(a) and 8 hereof.

  
 26 

 13. Notices. All communications hereunder shall be in writing and, if sent to any of
the Initial Purchasers, shall be delivered or sent by mail, telex or facsimile transmission and confirmed in writing to Deutsche Bank AG, London Branch, 1 Great Winchester Street, London, EC2N 2DB, United Kingdom, Attention: High Yield Capital
Markets, with a copy to Cahill Gordon & Reindel LLP, 80 Pine Street, New York, New York 10005, Attention: Luis Penalver and if sent to the Company or any Guarantor, shall be delivered or sent by mail, telex or facsimile transmission and
confirmed in writing to the Company at Belden Inc., 7733 Forsyth Boulevard, Suite 800, St. Louis, Missouri 63105, Attention: Kevin L. Bloomfield, with a copy to Vinson & Elkins L.L.P., 1001 Fannin, Suite 2500, Houston, Texas, 77002,
Attention: David Stone. In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), the Initial Purchasers are required to obtain, verify and record information that identifies
their respective clients, including the Company, which information may include the name and address of their respective clients, as well as other information that will allow the initial purchasers to properly identify their respective clients.

 14. Successors. This Agreement shall inure to the benefit of and shall be binding upon the several Initial Purchasers,
the Company and the Guarantors and their respective successors and legal representatives, and nothing expressed or mentioned in this Agreement is intended or shall be construed to give any other person any legal or equitable right, remedy or claim
under or in respect of this Agreement, or any provisions herein contained, this Agreement and all conditions and provisions hereof being intended to be and being for the sole and exclusive benefit of the several Initial Purchasers, the Company and
the Guarantors and their respective successors and legal representatives, and for the benefit of no other person, except that (i) the indemnities of the Company contained in Section 8 of this Agreement shall also be for the benefit of any
affiliate, director or officer of an Initial Purchaser and any person or persons who control any Initial Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act and (ii) the indemnities of
the Initial Purchasers contained in Section 8 of this Agreement shall also be for the benefit of the affiliates, directors and officers of the Company and the Guarantors, and any person or persons who control the Company or the Guarantors
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act. No purchaser of Notes from any Initial Purchaser shall be deemed a successor to such Initial Purchaser because of such purchase. 

15. Applicable Law. This Agreement and any claim, controversy or dispute arising under or related to this Agreement shall be
governed by the laws of the State of New York without giving effect to any conflicts of law provisions that would apply the laws of another jurisdiction. 
 16. Consent to Jurisdiction and Service of Process; Waiver of Jury Trial. (a) All judicial proceedings arising out of or relating to this Agreement may be brought in any state or federal court
of competent jurisdiction in the State of New York, which jurisdiction is exclusive, and the Company and the Guarantors hereby consent to the jurisdiction of such courts. 

  
 27 

 (b) Each party agrees that any service of process or other legal summons in connection with
any proceeding (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement may be served on it by mailing a copy thereof by registered mail, or a form of mail substantially equivalent thereto, postage
prepaid, addressed to the served party at its address as provided in Section 13 hereof. Nothing in this Section shall affect the right of the parties to serve process in any other manner permitted by law. 

(c) Each of the Company, the Guarantors and the Initial Purchasers hereby waives all right to trial by jury in any proceeding (whether
based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement. Each of the Company, the Guarantors and the Initial Purchasers agrees that a final judgment in any such proceeding brought in any such court shall be
conclusive and binding upon it and may be enforced in any other courts in the jurisdiction of which it is or may be subject, by suit upon any such judgment. 
 17. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Delivery of an executed counterpart of a signature page to this Agreement by telecopier, facsimile, email or other electronic transmission (i.e., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart
of this Agreement. 
 [The remainder of this page is intentionally left blank.] 

  
 28 

 If the foregoing correctly sets forth our understanding, please indicate your acceptance thereof in the
space provided below for that purpose, whereupon this letter shall constitute an agreement binding the Company, the Guarantors and the Initial Purchasers. 

 

			
	Very truly yours,
	
	BELDEN INC.
		
	By:	 	/s/ Henk Derksen
		 	Name: Henk Derksen
		 	 Title:   SeniorVice President, Finance and Chief Financial Officer

	
	BELDEN FINCO INC.
	BELDEN WIRE & CABLE COMPANY LLC
	BELDEN CDT NETWORKING, INC.
	BELDEN HOLDINGS, INC.
	CDT INTERNATIONAL HOLDINGS LLC
	 BELDEN 1993 LLC

PPC BROADBAND, INC.

		
	By:	 	/s/ Jeremy Parks
		 	Name: Jeremy Parks
		 	Title: Treasurer
	
	BELDEN GLOBAL C.V.
		
	By:	 	CDT International Holdings LLC,
		 	its general partner
		
		 	/s/ Jeremy Parks
		 	Name: Jeremy Parks
		 	Title: Treasurer
		
	By:	 	Belden Holdings, Inc.,
		 	its limited partner
		
	By:	 	/s/ Jeremy Parks
		 	Name: Jeremy Parks
		 	Title: Treasurer

  
 29 

			
	Accepted as of the date hereof.
	
	DEUTSCHE BANK AG, LONDON BRANCH
	Acting on behalf of itself and as Representative of the several Initial Purchasers listed on Schedule I
	
	DEUTSCHE BANK AG, LONDON BRANCH
		
	By:	 	/s/ Matthias Russwurm
		 	Name: Matthias Russwurm
		 	Title: Managing Director
		
	By:	 	/s/ Ray Dukes
		 	Name: Ray Dukes
		 	Title: Vice President

  
 30 

 SCHEDULE I 
 INITIAL PURCHASERS 
  

					
	 Initial Purchaser
	  	Aggregate Principal
Amount of Notes to be
Purchased from the 
Company	 
	 Deutsche Bank AG, London, Branch
	  	€	165,000,000	  
	 Goldman, Sachs & Co.
	  	 	60,000,000	  
	 J.P. Morgan Securities plc
	  	 	30,000,000	  
	 Wells Fargo Securities, LLC
	  	 	30,000,000	  
	 Stephens Inc.
	  	 	15,000,000	  
	 Total
	  	€	300,000,000	  
		  	  
	  
	 

  
 S-I-1

 SCHEDULE II 
 GUARANTORS 
  

			
	 Guarantor
	  	 Jurisdiction of Formation

	BELDEN FINCO INC.	  	Ontario, Canada
	BELDEN WIRE & CABLE COMPANY, LLC	  	Delaware
	BELDEN CDT NETWORKING, INC.	  	Washington
	BELDEN HOLDINGS, INC.	  	Delaware
	CDT INTERNATIONAL HOLDINGS LLC	  	Delaware
	BELDEN 1933, LLC	  	Delaware
	BELDEN GLOBAL C.V.	  	Netherlands
	PPC BROADBAND, INC.	  	Delaware

  
 S-II-1

 SCHEDULE III 

 

					
	 Subsidiary
	  	Company’s Ownership Interest	 
	 Xuzhou Hirschmann Electronics Co. Ltd. (China)
	  	 	50	% 
	 GarrettCom India Pvt. Ltd. (India)
	  	 	49	% 
	 Port GmbH (Germany)
	  	 	25	% 

  
 S-III-1

 EXHIBIT A 
 1. The Company is validly existing as a corporation and is in good standing under the laws of the State of Delaware, with full corporate power and authority necessary to own or lease its properties and to
conduct its business, in each case as described in the Offering Memorandum and the Final Memorandum in all material respects. Each of the Covered Guarantors [DE only] is validly existing as a corporation or limited liability company, as applicable,
and is in good standing under the laws of the State of Delaware, with full corporate or limited liability company power and authority, as applicable, necessary to own or lease its properties and to conduct its business, in each case as described in
the Offering Memorandum and the Final Memorandum in all material respects. The Company and each Covered Guarantor is duly qualified to do business as a foreign entity and is in good standing under the laws of each such jurisdiction set forth
opposite the respective entity’s name on Annex A hereto. 
 2. The Indenture has been duly and validly authorized,
executed and delivered by the Company and the Covered Guarantors and (assuming the due authorization, execution and delivery thereof by the Trustee and the Guarantors other than the Covered Guarantors) will constitute the valid and legally binding
agreement of the Company and the Guarantors, enforceable against each of them in accordance with its terms, except that the enforcement thereof may be subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or
affecting the rights and remedies of creditors or by general equitable principles and an implied covenant of good faith and fair dealing, regardless of whether enforcement is considered in a proceeding in equity or at law (collectively, the
“Enforceability Exceptions”). 
 3. The Notes have been duly and validly authorized, executed and delivered by
the Company and, when paid for by the Initial Purchasers in accordance with the terms of the Purchase Agreement (assuming the due authorization, execution and delivery of the Indenture by the Trustee and the Guarantors other than the Covered
Guarantors, and due authentication and delivery of the Notes by the Trustee in accordance with the Indenture), will constitute the valid and legally binding obligations of the Company, entitled to the benefits of the Indenture, and enforceable
against each of them in accordance with their terms, except that the enforcement thereof may be subject to the Enforceability Exceptions. 
 4. The Guarantees have been duly and validly authorized, executed and delivered by the Covered Guarantors and, when the Notes have been paid for by the Initial Purchasers in accordance with the terms of
the Purchase Agreement (assuming the due authorization, execution and delivery of the Indenture by the Trustee and the Guarantors other than the Covered Guarantors, and due authentication and delivery of the Guarantees by the Guarantors other than
the Covered Guarantors in accordance with the Indenture), will constitute the valid and legally binding obligations of the Guarantors, entitled to the benefits of the Indenture, and enforceable against each of them in accordance with their terms,
except that the enforcement thereof may be subject to the Enforceability Exceptions. 
 5. The Purchase Agreement has been duly
authorized, executed and delivered by the Company and the Covered Guarantors. 

  
 A-1

 6. The execution, delivery and performance of the Transaction Documents and the consummation
of the transactions contemplated thereby (including, without limitation, the issuance and sale of the Securities to the Initial Purchasers) will not constitute or result in a breach or a default under (or an event that with notice or passage of time
or both would constitute a default under) any of (i) the certificate of incorporation or the bylaws of the Company or the comparable organizational documents of the Covered Guarantors, or (ii) any statute or any judgment, order or
regulation of any court or arbitrator or governmental or regulatory authority known to such counsel, except, with respect to clause (ii) only, for any such conflict, breach, violation or default that would not reasonably be expected to result
in, individually or in the aggregate, a Material Adverse Effect. With respect to clause (ii) above, such counsel need not express any opinion as to the applicability of any federal or state securities or Blue Sky laws or federal or state
antifraud laws, rules or regulations. 
 7. No consent, approval, authorization or order of any governmental authority is
required for the issuance and sale by the Company of the Notes and the issuance of the Guarantees by the Guarantors or the consummation by the Company and the Guarantors of the other transactions contemplated by the Purchase Agreement, except
(i) such as may be required under state securities or Blue Sky laws, as to which such counsel need not express any opinion, (ii) such as may be required under federal securities laws, as to which such counsel need not express any opinion
other than the opinion provided in paragraphs 8 and 9 below, and (iii) those which have previously been obtained. 
 8.
None of the Company and the Guarantors are, and immediately after the sale of the Securities to be sold pursuant to the Purchase Agreement and the application of the proceeds from such sale (as described in the Offering Memorandum and the Final
Memorandum under the caption “Use of Proceeds”) will be, an “investment company” as such term is defined in the Investment Company Act. 
 9. Assuming the accuracy of the representations, warranties and agreements of the Company, the Guarantors and the Initial Purchasers contained in the Purchase Agreement, no registration under the
Securities Act is required in connection with the sale of the Notes to the Initial Purchasers or in connection with the initial resale of the Notes by the Initial Purchasers, in each case as contemplated by the Purchase Agreement, the Offering
Memorandum and the Final Memorandum. 
 10. The statements under the captions “Description of Notes” and “Certain
United States Federal Income Tax Considerations” in the Pricing Disclosure Package and the Final Offering Memorandum, insofar as such statements relate to statements of law or summaries of documents referred to therein or of legal conclusions,
have been reviewed by such counsel and such statements of law and summaries of documents are accurate in all material respects. 
 In addition,
such counsel shall also state that it has participated in conferences with representatives of the Company and the Guarantors and with representatives of the Company’s and PPC’s independent accountants at which conferences the contents of
the Offering Memorandum and the Final Memorandum and any amendment and supplement thereto and related matters were discussed. Although such counsel has not undertaken to determine independently, and does not 

  
 A-2

 assume any responsibility for, or express any opinion regarding the accuracy, completeness or fairness of
the statements contained in the Offering Memorandum and the Final Memorandum (except as expressly provided in paragraph 10 above), based upon the participation described above, nothing has come to the attention of such counsel to cause such counsel
to believe that the Offering Memorandum, as of the Time of Sale, or that the Final Memorandum, as of its date or at the Closing Date, contained or contains any untrue statement of a material fact or omitted or omits to state a material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. In making the foregoing statement, such counsel need not express any comment or belief with respect to the financial statements
and notes and related schedules and other financial and accounting data contained in or omitted from the Offering Memorandum or the Final Memorandum. 

  
 A-3

 EXHIBIT B 
 Deutsche Bank AG, London, Branch 
 Goldman, Sachs & Co. 

J.P. Morgan Securities plc 
 Wells Fargo
Securities, LLC 
 Stephens Inc. 
 c/o
Deutsche Bank AG, London Branch 
 1 Great Winchester Street 
 London, EC2N 2DR 
 United Kingdom 

 

	 	Re:	Belden Inc. Offering of 5.5% Senior Subordinated Notes due 2023 

 Ladies and Gentlemen: 
 I am Senior Vice President, Secretary and General Counsel
of Belden Inc., a Delaware corporation (the “Company”). In that capacity I have acted as counsel for the Company and the Guarantors (as defined below) with respect to the matters described herein. This letter is being delivered in response
to the requirement in Section 6(a) of the Purchase Agreement dated March 14, 2013 (the “Purchase Agreement”), among Deutsche Bank AG, London, Branch, as representative (the “Representative”) for the several purchasers
listed on Schedule I to the Purchase Agreement (the “Initial Purchasers”), the Company, the guarantors listed on Schedule A hereto (the “Guarantors”) relating to the sale by the Company of €300,000,000 in aggregate principal
amount of the Company’s 5.5% Senior Subordinated Notes due 2023 (the “Notes”) to be issued under the Indenture dated as of March 21, 2013 (the “Indenture”) among the Company, the Guarantors, Deutsche Bank Trustee
Company Limited, as trustee (the “Trustee”) and Deutsche Bank AG, London Branch, as Principal Paying Agent, Transfer Agent and Registrar. The Notes are guaranteed pursuant to the guarantees to be issued by the Guarantors on the date
hereof, as evidenced by the Notations of Guarantees (the “Guarantees,” and together with the Notes, the “Securities”). Unless otherwise indicated, capitalized terms used but not defined herein shall have the respective meanings
set forth in the Purchase Agreement. 
 In connection with the preparation of this letter, I have among other things read:

 (a) the Preliminary Offering Memorandum, dated March 8, 2013 relating to the offering and sale of the Notes (the
“Preliminary Offering Memorandum”); 
 (b) the Supplement to the Preliminary Offering Memorandum, dated March 14,
2013 (the “Pricing Supplement” and, collectively with the Preliminary Offering Memorandum, the “Offering Memorandum”); 
 (c) the Offering Memorandum, dated March 14, 2013, relating to the offering and sale of the Notes (the “Final Offering Memorandum”); 

(d) an executed copy of the Purchase Agreement; 

  
 B-1

 (e) an executed copy of the Indenture; 

(f) the executed Notes and the executed Guarantees; 
 (g) a copy of the resolutions adopted by the Board of Directors of the Company at a meeting held on [            ], 2013; 

(h) a copy of the resolutions adopted by the Chief Executive Officer, who is also a director, of the Company dated
[            ], under authority delegated to him by the Board of Directors; 
 (i) a copy of the resolutions adopted by the boards of directors of the Guarantors dated [            ], 2013; 

(j) copies of all certificates and other documents delivered in connection with the sale of the Notes on the date hereof and the
consummation of the other transactions contemplated by the Purchase Agreement; and 
 (k) such other records, certificates and
documents as I have deemed necessary or appropriate in order to deliver the opinions set forth herein. 
 Subject to the
assumptions, qualifications, exclusions and other limitations which are identified in this letter, I advise you that: 
 1. To
my knowledge and except as described in the Offering Memorandum and the Final Offering Memorandum, there are no legal or governmental proceedings pending to which the Company or any of its subsidiaries is a party or of which any property or assets
of the Company or any of its subsidiaries is the subject that would, in the aggregate, reasonably be expected to have a Material Adverse Effect; and to my knowledge and except as described in the Offering Memorandum and the Final Offering
Memorandum, no such proceedings are threatened or contemplated by governmental authorities or others that would, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

2. The execution, delivery and performance by the Company and each of the Guarantors (as applicable) of the Purchase Agreement, the
Indenture, the Notes and the Guarantees and the issuance and sale of the Securities as described in the Offering Memorandum and the Final Memorandum do not and will not result in a material breach, default or violation under any existing obligation
of or restriction on such entity under any agreements filed (including by incorporation by reference) pursuant to Items 601(b)(l)(2),(4) or (10) of Regulation S-K as an exhibit to the Company’s Annual Report on Form 10-K for the year ended
December 31, 2013 and any subsequent current reports on Form 8-K (collectively, the “Material Agreements”), it being expressly understood that I express no opinion as to any federal securities laws, securities laws of any state or
foreign jurisdiction (including “Blue Sky” laws), the indemnification and contribution provisions of the Purchase Agreement or the effect of such entity’s performance of its obligations on such entity’s compliance with financial
covenants or covenants requiring financial calculations. If a Material Agreement is governed by the laws of a jurisdiction other than Missouri, I have assumed such Material Agreement is governed by the laws of Missouri. 

  
 B-2

 I am admitted to practice law in the State of Missouri and the opinion expressed herein is
limited to the present law of the State of Missouri and the federal law of the United States. I express no opinion as to the laws of any other jurisdiction. To the extent the opinions expressed herein are governed by laws other than the State of
Missouri or federal law of the United States, I have assumed with your permission that the laws of each such other jurisdiction are the same as the laws of the State of Missouri. 

This opinion is expressly limited to the matters set forth above, and I render no opinion, whether by implication or otherwise, as to any
other matters. The foregoing opinions are limited in all respects to existing applicable laws, each as in effect on the date hereof I undertake no obligation or responsibility to update or supplement my opinions set forth herein in response to
subsequent changes in the law or to reflect facts or circumstances that arise after the date of this opinion and come to our attention. 
 This opinion letter is provided in my capacity as General Counsel to the Company in connection with the transactions contemplated by the Purchase Agreement. You may rely upon this letter only for the
purpose served by the provision in the Purchase Agreement cited in the initial paragraph of this letter in response to which it has been delivered. Without my written consent: (i) no person (including any person that acquires securities from
you) other than you may rely on this letter for any purpose; provided, however, my opinion may be relied upon by the Trustee under the Indenture; (ii) this letter may not be cited or quoted in any financial statement, prospectus,
private placement memorandum or other similar document; (iii) this letter may not be cited or quoted in any other document or communication which might encourage reliance upon this letter by any person or for any purpose excluded by the
restrictions in this paragraph; and (iv) copies of this letter may not be furnished to anyone for purposes of encouraging such reliance. 
 Very truly yours, 
 Kevin L. Bloomfield, Esq. 

General Counsel, Belden Inc. 

  
 B-3

 Schedule A 

 

	
	 BELDEN FINCO INC.

	 BELDEN WIRE & CABLE COMPANY, LLC

	 BELDEN CDT NETWORKING, INC.

	 BELDEN HOLDINGS, INC.

	 CDT INTERNATIONAL HOLDINGS LLC

	 BELDEN 1933, LLC

	 BELDEN GLOBAL C.V.

	 PPC BROADBAND, INC.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}]]