Document:

Exhibit 10.3

 

Additional Facility Accession Deed (Revolving Facility), dated May 20, 2011, among Deutsche Bank AG, London Branch as Facility Agent, the Additional Facility Lenders, Virgin Media Investment Holdings Limited, the Obligor’s Agent, and the Original Borrowers.

 

 

To:       Deutsche Bank AG, London Branch as Facility Agent and L/C Bank
 The Additional Facility Lenders

 

20 May 2011

 

Dear Sirs

 

Additional Facility Accession Deed (Revolving Facility)

 

This Deed is dated 20 May 2011 and relates to:

 

(a)          the facilities agreement dated 16 March 2010 as amended and restated on 26th March 2010 and 15th February 2011 (the “Facilities Agreement”) whereby certain facilities were made available to the Borrowers under the guarantee of the Guarantors, by a group of banks and other financial institutions on whose behalf Deutsche Bank AG, London Branch acts as Facility Agent in connection therewith;

 

(b)          the HYD Intercreditor Agreement;

 

(c)          the Group Intercreditor Agreement; and

 

(d)          the Security Trust Agreement.

 

1.            Terms defined in the Facilities Agreement shall have the same meaning in this Additional Facility Accession Deed.

 

2.            We refer to Clause 2.6 (Additional Facility) of the Facilities Agreement.

 

3.            Unless otherwise indicated herein, the terms of this Additional Facility Accession Deed shall be consistent in all material respects with the terms of the Facilities Agreement including, without limitation, with respect to interest period, tax gross-up provisions and indemnity provisions, representations and warranties, utilisation mechanics, cancellation and prepayment (including the treatment of this Additional Facility Accession Deed under the prepayment waterfall), fees, costs and expenses, transfers, voting, amendments and waivers, financial and non-financial covenants and events of default.

 

4.            No Utilisation may be made of the Additional Facility made available pursuant to this Additional Facility Accession Deed, if, at the time of such Utilisation, an Event of Default is continuing or would result from such Utilisation.

 

5.            The obligations of the Additional Facility Lenders to make the Additional Facility available shall be conditional upon the Facility Agent having confirmed to the Company that it has received (or has waived in accordance with the Facilities Agreement, the requirement to receive) the documents listed in Appendix 4 (Conditions Precedent to Additional Facility Utilisation) and that each is satisfactory, in form and substance, to the Facility Agent, acting reasonably.  The Facility Agent shall notify the Company and the Additional Facility Lenders promptly upon being so satisfied.

 

 

6.            Each Additional Facility Lender agrees to become a party to and be bound by the terms of the Facilities Agreement as an Additional Facility Lender in accordance with Clause 2.6 (Additional Facility).

 

7.            This Additional Facility is made as a revolving loan facility. This Additional Facility shall be a “Revolving Facility” for the purposes of the Facilities Agreement, and all provisions of the Facilities Agreement that apply to the “Revolving Facility” shall apply to this Additional Facility as if set out here in full mutatis mutandis, except for references to Revolving Facility in (i) the definition of “Commitment”, (ii) clause 3.1 (Conditions Precedent) and (iii) clause 16.1 (Commitment Fees), and except as otherwise varied or superseded by the terms of this Additional Facility Accession Deed. In the case of any inconsistency between this Additional Facility Accession Deed and the Facilities Agreement, this Additional Facility Accession Deed shall prevail.

 

8.            The aggregate principal amount of the Additional Facility being made available under this Additional Facility Accession Deed is £450,000,000.

 

9.            Each Additional Facility Lender’s Commitment under this Additional Facility is as set forth in Appendix 1 hereto.

 

10.          Interest on the Additional Facility will accrue and be payable in accordance with Clause 13 (Interest on Revolving Facility Advances) of the Facilities Agreement. The Additional Facility Revolving Margin is, subject to paragraph 11 below, 1.825% per annum.

 

11.          The provisions of Clause 13.3 (Margin Ratchet for Revolving Facility Advances) shall apply to the Additional Facility with the following amendments:

 

(a)     the words “not less than 6 months after the Original Execution Date” in the first line of 13.3(a) shall be read as “on or after 31 December 2011”;

 

(b)     each reference to “the Revolving Margin” shall be construed as references to the Additional Facility Revolving Margin;

 

(c)     the table set out in 13.3(a) shall be replaced by the following table:

 

	
Leverage Ratio
    	
 
    	
Margin
    	
 
    
	
Greater than
    	
3.50:1.00
    	
 
    	
1.825
    	
%
    
	
Equal to or less than
    	
3.50:1.00   but greater than 3.25:1.00
    	
 
    	
1.575
    	
%
    
	
Equal to or less than
    	
3.25:1.00
    	
 
    	
1.325
    	
%
    

 

12.          Use of proceeds: The Additional Facility shall be applied towards (i) financing the prepayment in full of all amounts outstanding under the Revolving Facility made available under Clause 2.1(c) of the Facilities Agreement and (ii) to the extent any amounts remain

 

2

 

after application in accordance with paragraph (i), for the purposes specified in clause 2.4 (Purpose) of the Facilities Agreement. Clause 2.4(b) shall apply to the Additional Facility as if set out herein in full, mutatis mutandis.

 

13.          The Additional Facility Commencement Date is expected to be 27 May 2011. For the purposes of this Additional Facility the Utilisation Date shall be 5 Business Days after the date of this Additional Facility Accession Deed.

 

Fees

 

14.          The following fees shall be payable in relation to this Additional Facility:

 

(a)     the Borrowers shall pay to the Facility Agent for the account of each relevant Additional Facility Lender (other than an Ancillary Facility Lender) a commitment commission on the aggregate amount of such Additional Facility Lender’s Available Commitment made available by it (other than an Ancillary Facility) from day to day during the period beginning on the Utilisation Date and ending on the Termination Date for the Additional Facility, such commitment commission to be calculated at a rate of 35% of the applicable Additional Facility Revolving Margin, payable in arrears on the last day of each successive period of 3 months which ends during such period and on the Termination Date for this Additional  Facility, provided that no commitment fee is payable to the Facility Agent (for the account of an Additional Facility Lender) on any Available Additional Facility Commitment of that Additional Facility Lender for any day on which that Additional Facility Lender is a Defaulting Lender; and

 

(b)     a utilisation fee shall be payable as an increment to, and at the same time as, the interest payable on any Additional Facility Advances under this Additional Facility, such increment to be calculated in accordance with this paragraph (b) and applied to the Additional Facility Revolving Margin. The increment shall be the number of basis points specified in the table below set out opposite the percentage range which corresponds to the daily average of the total outstanding amount of the Revolving Facility Advances during the relevant Term in relation to which the interest is payable at that time as a percentage of the total Commitments of the Additional Revolving Facility:

 

	
Percentage
   Utilised
    	
 
    	
Additional
   Utilisation Fee
   (basis points)
    	
 
    
	
Greater than
    	
66   2/3
    	
 
    	
30
    	
 
    
	
Equal to or less than
    	
66   2/3 but greater than 33 1/3
    	
 
    	
15
    	
 
    
	
Equal to or less than
    	
33   1/3
    	
 
    	
0
    	
 
    

 

3

 

Netting Arrangements

 

15.          The parties hereto acknowledge and agree that:

 

(a)         on the Utilisation Date there exist Documentary Credits which have been issued under the existing Revolving Facility pursuant to the Facilities Agreement, as identified in Appendix 3 (the “Existing Documentary Credits” and the aggregate amount of which is the “Existing L/C Amount”);

 

(b)         the Borrowers intend to issue to the Facility Agent a Utilisation Request pursuant to and in accordance with Clause 4.1(a) of the Facilities Agreement for an amount equal to the Existing L/C Amount, to be issued by way of Documentary Credit; and

 

(c)         the Borrowers intend to issue to the Facility Agent a notice of voluntary prepayment relating to the Revolving Facility, pursuant to which each L/C Lender’s obligations in respect of Existing Documentary Credits shall be cancelled.

 

16.          Notwithstanding the notice of voluntary prepayment referred to in paragraph 15(c) above and the Utilisation Request referred to in paragraph 15(b) above, the parties hereto agree that on the Utilisation Date:

 

(a)         the Additional Facility Lenders will assume all obligations of the L/C Lenders towards the L/C Bank under the Facilities Agreement in respect of the Existing Documentary Credits, and the L/C Proportion of each Additional Facility Lender shall be calculated by reference to its Commitments under the Additional Facility;

 

(b)         the L/C Bank shall not cancel or otherwise amend the Existing Documentary Credits, which shall remain in force subject to the terms thereof and the Facilities Agreement; and

 

(c)        no further Documentary Credits shall be required to be issued to satisfy the Utilisation Request, which shall be deemed satisfied by virtue of the continuation of the Existing Documentary Credits in accordance with subparagraph (b) above.

 

17.          The Company confirms that all requirements of paragraph (a) of Clause 2.6 (Additional Facility) are fulfilled as of the date of this Additional Facility Accession Deed.

 

18.          Each Additional Facility Lender confirms to each other Relevant Finance Party that:

 

(a)     it has made its own independent investigation and assessment of the financial condition and affairs of each Obligor and such Obligor’s related entities in connection

 

4

 

with its participation in the Additional Facility being made available pursuant to this Additional Facility Accession Deed and has not relied on any information provided to it by any other Relevant Finance Party in connection with any Relevant Finance Document; and

 

(b)     it will continue to make its own independent appraisal of the creditworthiness of each Obligor and such Obligor’s related entities while any amount is or may be outstanding under the Facilities Agreement or any Additional Facility Commitment is in force.

 

19.          Each Additional Facility Lender except for HSBC Bank plc is, as of the date of this Deed, an Original Lender under the Facilities Agreement. The Facility Office and address for notices of each such Additional Facility Lender for the purposes of Clause 41 (Notices and Delivery of Information) is as set out in the Facilities Agreement in its capacity as Original Lender.

 

20.          The Facility Office and address for notices of HSBC Bank plc for the purposes of Clause 41 (Notices and Delivery of Information) is:

 

	
HSBC Bank plc
    
	
24th Floor
    
	
8 Canada Square
    
	
London E14 5HQ
    
	
 
    
	
Attention:
    	
Process   Manager, Loans Administration
    
	
Fax:
    	
020   7992 4680
    

 

21.          Each Additional Facility Lender represents to the Facility Agent and to the Company that it has the tax status set out opposite its name in Appendix 2.

 

22.          HSBC Bank plc shall deliver to the Facility Agent as soon as practicable after the date hereof and in any case no later than the date falling five Business Days before the date upon which interest next falls due for payment after the date hereof, the following documents evidencing the tax status of HSBC Bank plc as a UK Bank Lender:

 

	
 
    	
UK Bank Lender
    	
(i)
    	
certificate of incorporation; and
    
	
 
    	
 
    	
(ii)
    	
copy of banking licence.
    

 

23.          Each Additional Facility Lender (except for HSBC Bank plc) that is a UK Bank Lender or a UK Non-Bank Lender confirms to the Company and the Facility Agent, that it has previously provided the following documents evidencing the tax status of such Additional Facility Lender as indicated above, and that there have been no changes to the form of such documents relevant for these purposes:

 

5

 

	
 
    	
UK Bank Lender
    	
(i)
    	
certificate of   incorporation; and
    
	
 
    	
 
    	
(ii)
    	
copy of banking licence.
    
	
 
    	
UK Non- Bank Lender
    	
(i)
    	
certificate of   incorporation in the UK; or
    
	
 
    	
 
    	
(ii)
    	
other   evidence that the relevant ss. 933-937 Income Tax Act 2007 conditions are   met.
    

 

24.          Each Additional Facility Lender (other than HSBC Bank plc) acknowledges that it is a party to the HYD Intercreditor Agreement and the Group Intercreditor Agreement as a Senior Finance Party and as a Senior Lender.

 

ACCESSION TO THE HYD INTERCREDITOR AGREEMENT

 

HSBC Bank plc hereby agrees with each other person who is or becomes party to the HYD Intercreditor Agreement in accordance with the terms thereof that with effect on and from the date hereof, it will be bound by the HYD Intercreditor Agreement as a Senior Finance Party and as a Senior Lender as if it had been an original party thereto in such capacity.

 

ACCESSION TO THE GROUP INTERCREDITOR AGREEMENT

 

HSBC Bank plc hereby agrees with each other person who is or becomes party to the Group Intercreditor Agreement in accordance with the terms thereof that with effect on and from the date hereof, it will be bound by the Group Intercreditor Agreement as a Senior Finance Party and as a Senior Lender as if it had been an original party thereto in such capacity.

 

This Deed, including all non-contractual obligations arising out of or in connection with it, shall be governed by, and construed in accordance with, English Law.

 

6

 

IN WITNESS WHEREOF this Deed has been executed as a deed by the parties hereto and is delivered on the date written above.

 

THE COMPANY

 

	
EXECUTED   as a DEED
    	
)
    	
 
    
	
for   and on behalf of
    	
)
    	
 
    
	
VIRGIN   MEDIA INVESTMENT
    	
)
    	
/s/ Robert Gale
    
	
HOLDINGS   LIMITED
    	
)
    	
 
    

 

	
In the presence of:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness’s signature:
    	
/s/ Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Address:
    	
Media House
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Bartley Wood Business Park
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Hook Hampshire RG27 9UP
    	
 
    

 

 

THE OBLIGORS’ AGENT

 

	
EXECUTED   as a DEED
    	
)
    	
 
    
	
for   and on behalf of
    	
)
    	
 
    
	
VIRGIN   MEDIA INVESTMENT 
    	
)
    	
/s/ Robert Gale
    
	
HOLDINGS   LIMITED
    	
)
    	
 
    

 

 

	
In the presence of:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness’s signature:
    	
/s/ Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Address:
    	
Media House
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Bartley Wood Business Park
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Hook Hampshire RG27 9UP
    	
 
    

 

7

 

THE ORIGINAL BORROWERS

 

	
EXECUTED   as a DEED
    	
)
    	
 
    
	
for   and on behalf of
    	
)
    	
 
    
	
VIRGIN   MEDIA INVESTMENT 
    	
)
    	
/s/ Robert Gale
    
	
HOLDINGS   LIMITED
    	
)
    	
 
    

 

 

	
In the presence of:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness’s signature:
    	
/s/ Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Address:
    	
Media House
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Bartley Wood Business Park
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Hook Hampshire RG27 9UP
    	
 
    

 

 

	
EXECUTED   as a DEED
    	
)
    	
 
    
	
for   and on behalf of
    	
)
    	
 
    
	
VIRGIN   MEDIA LIMITED
    	
)
    	
/s/ Robert Gale
    
	
 
    	
)
    	
 
    

 

 

	
In the presence of:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness’s signature:
    	
/s/ Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Address:
    	
Media House
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Bartley Wood Business Park
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Hook Hampshire RG27 9UP
    	
 
    

 

8

 

	
EXECUTED   as a DEED
    	
)
    	
 
    
	
for   and on behalf of
    	
)
    	
 
    
	
VIRGIN   MEDIA WHOLESALE 
    	
)
    	
/s/ Robert Gale
    
	
LIMITED
    	
)
    	
 
    

 

 

	
In the presence of:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness’s signature:
    	
/s/ Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Address:
    	
Media House
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Bartley Wood Business Park
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Hook Hampshire RG27 9UP
    	
 
    

 

 

	
EXECUTED   as a DEED
    	
)
    	
 
    
	
for   and on behalf of
    	
)
    	
/s/ Robert Gale
    
	
VMIH   SUB LIMITED
    	
)
    	
 
    
	
 
    	
)
    	
 
    

 

 

	
In the presence of:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness’s signature:
    	
/s/ Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Address:
    	
Media House
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Bartley Wood Business Park
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Hook Hampshire RG27 9UP
    	
 
    

 

9

 

	
EXECUTED   as a DEED
    	
)
    	
 
    
	
for   and on behalf of
    	
)
    	
 
    
	
VIRGIN   MEDIA SFA FINANCE 
    	
)
    	
/s/ Robert Gale
    
	
LIMITED
    	
)
    	
 
    

 

 

	
In the presence of:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness’s signature:
    	
/s/ Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Linda Lee
    	
 
    
	
 
    	
 
    	
 
    
	
Address:
    	
Media House
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Bartley Wood Business Park
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Hook Hampshire RG27 9UP
    	
 
    

 

10

 

THE FACILITY AGENT

 

EXECUTED as a DEED for and on behalf of

 

DEUTSCHE BANK AG, LONDON BRANCH

 

	
By:
    	
/s/   Rajeev Thakeria
    	
 
    	
By:   
    	
/s/   Roisin McKenna
    

 

 

THE L/C BANK

 

EXECUTED as a DEED for and on behalf of

 

DEUTSCHE BANK AG, LONDON BRANCH

 

	
By:
    	
/s/   Thomas Kirby
    	
 
    	
By:   
    	
/s/   David McDiarmid
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Thomas   Kirby
    	
 
    	
 
    	
David   McDiarmid
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Vice   President
    	
 
    	
 
    	
Managing   Director
    

 

11

 

THE ADDITIONAL FACILITY LENDERS

 

	
EXECUTED AS A DEED by
    	
)
    	
 
    
	
DEUTSCHE BANK AG, LONDON 
    	
)
    	
 
    
	
BRANCH
    	
)
    	
/s/ Thomas Kirby
    
	
 
    	
)
    	
Title: Vice   President
    
	
acting by its authorised signatories
    	
)
    	
 
    
	
 
    	
)
    	
 
    
	
and
    	
 
    	
/s/ David McDiarmid
    
	
 
    	
)
    	
Title: Managing   Partner
    
	
acting under the authority of that 
    	
)
    	
 
    
	
company
    	
)
    	
 
    

 

	
In   the presence of :
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Ilias Katsoulis
    	
 
    
	
 
    	
 
    	
 
    
	
Name of witness:
    	
Ilias Katsoulis
    	
 
    
	
 
    	
 
    	
 
    
	
Address of witness:
    	
1 Great Winchester Street, London EC2N 2EQ
    
	
 
    	
 
    
	
Occupation of witness: 
    	
Vice President
    	
 
    

 

12

 

	
EXECUTED AS A DEED by
    	
)
    
	
BANK   OF AMERICA, N.A.
    	
)
    
	
acting by:
    	
)
    
	
 
    	
 
    
	
/s/ Braj Chandak
    	
 
    
	
 
    	
 
    
	
Name: Braj Chandak
    	
 
    
	
 
    	
 
    
	
Title: Vice President
    	
 
    
	
 
    	
 
    
	
In the presence of:
    	
 
    
	
 
    	
 
    
	
/s/ Anna Sofia Geib
    	
 
    
	
 
    	
 
    
			

 

	
Witness   name:
    	
Anna   Sofia Geib
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   address:
    	
31B   Inglewood Road
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NW6   1QT
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
London
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   occupation:
    	
Credit   Analyst
    	
 
    

 

13

 

	
EXECUTED AS A DEED by
    	
)
    	
 
    
	
BNP   PARIBAS LONDON BRANCH
    	
)
    	
 
    
	
acting by:
    	
)
    	
 
    

 

	
 
    	
 
    	
 
    	
/s/ Jeffrey Krogh
    
	
/s/ Louis Kenna
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
Name: 
    	
Jeffrey Krogh
    
	
Name: 
    	
Louis Kenna
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
Title:
    	
Director
    
	
Title:
    	
Managing Director
    	
 
    	
 
    
						

 

	
In the presence of:
    	
 
    
	
 
    	
 
    
	
/s/ Nathan Harwood
    	
 
    

 

	
Witness   name:
    	
Nathan   Harwood
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   address:
    	
71E   Drayton Park Road
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
London
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
N51   DH
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   occupation:
    	
Banking
    	
 
    

 

14

 

EXECUTED AS A DEED for and on behalf of

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK

 

 

	
By: 
    	
/s/ Stephen Tubb
    	
 
    	
By: 
    	
/s/ Arnaud Chupin
    

 

15

 

 

	
EXECUTED AS A DEED by
    	
 
    	
 
    
	
GOLDMAN   SACHS INTERNATIONAL BANK
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Eugene Leouzon
    	
 
    	
 
    
	
 
    	
Director
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Harry Maxwell-Hyslop
    	
 
    	
 
    
	
 
    	
Director/Company Secretary
    	
 
    	
 
    

 

16

 

	
EXECUTED AS A DEED by
    	
)
    	
 
    	
 
    
	
HSBC BANK PLC
    	
)
    	
 
    	
 
    
	
acting by:
    	
)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ John Haire
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Name:
    	
John Haire
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
Director
    	
 
    	
 
    
					

 

In the presence of:

 

	
 
    	
/s/ Vicky West
    	
 
    	
 
    

 

	
Witness   name:
    	
Vicky   West
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   address:
    	
HSBC   Bank PLC
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
8   Canada Square
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
London
    	
 
    
	
 
    	
 
    	
 
    
	
Witness occupation:
    	
Solicitor
    	
 
    

 

17

 

	
EXECUTED AS A DEED by
    	
)
    	
 
    	
 
    
	
JP MORGAN CHASE BANK, N.A.
    	
)
    	
 
    	
 
    
	
LONDON BRANCH
    	
)
    	
 
    	
 
    
	
acting by:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Carlos Vazquez
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Name:
    	
Carlos Vazquez
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
Executive Director
    	
 
    	
 
    
					

 

In the presence of:

 

	
 
    	
/s/ Ekta Fors
    	
 
    	
 
    

 

	
Witness   name:
    	
Ekta   Fors
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   address:
    	
10   Aldermanbury
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
London
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EC2V   7RF
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   occupation:
    	
Investment   Banking
    	
 
    

 

18

 

	
EXECUTED AS A DEED by
    	
)
    	
 
    	
 
    
	
LLOYDS TSB BANK PLC
    	
)
    	
 
    	
 
    
	
acting by:
    	
)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Richard Price
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Name:
    	
Richard Price
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
Head of Telecoms
    	
 
    	
 
    
					

 

In the presence of:

 

	
 
    	
/s/ Lyes Chebboot
    	
 
    	
 
    

 

	
Witness   name:
    	
Lyes   Chebboot
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   address:
    	
10   Gresham Street
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
London
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EC2V   7AE
    	
 
    
	
 
    	
 
    	
 
    
	
Witness occupation:
    	
Banker
    	
 
    

 

19

 

	
EXECUTED AS A DEED by
    	
)
    	
 
    	
 
    
	
THE ROYAL BANK OF SCOTLAND PLC
    	
)
    	
 
    	
 
    
	
acting by:
    	
)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Adrian Collins
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Name:
    	
Adrian G. Collins
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
Managing Director
    	
 
    	
 
    
					

 

In the presence of:

 

	
 
    	
/s/ Simon Hamill
    	
 
    	
 
    

 

	
Witness   name:
    	
Simon   Hamill
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   address:
    	
135   Bishopsgate
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
London
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EC3M   3TP
    	
 
    
	
 
    	
 
    	
 
    
	
Witness occupation:
    	
Banker
    	
 
    

 

20

 

	
EXECUTED AS A DEED by
    	
 
    	
)
    
	
UBS LIMITED
    	
 
    	
)
    
	
acting by:
    	
 
    	
)
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Juergen Stein
    	
 
    	
 
    	
/s/ Oliver Gaunt
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Name: 
    	
Juergen Stein
    	
 
    	
Name: 
    	
Oliver Gaunt
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
Managing Director
    	
 
    	
Title:
    	
Director
    

 

In the presence of:

 

	
 
    	
/s/ Rudi Schembri-Galea
    	
 
    	
 
    

 

	
Witness   name:
    	
Rudi   Schembri-Galea
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   address:
    	
2   Finsbury Avenue
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
London
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EC2M   2PP
    	
 
    
	
 
    	
 
    	
 
    
	
Witness occupation:
    	
Associate Director
    	
 
    

 

21

 

APPENDIX 1

 

ADDITIONAL FACILITY LENDERS AND COMMITMENTS

 

	
Lender
    	
 
    	
Additional
   Facility
   Commitment (£)
    	
 
    
	
Deutsche Bank AG,   London Branch
    	
 
    	
45,000,000
    	
 
    
	
BNP Paribas London Branch
    	
 
    	
45,000,000
    	
 
    
	
Bank of America, N.A.
    	
 
    	
45,000,000
    	
 
    
	
Crédit Agricole Corporate and Investment Bank
    	
 
    	
45,000,000
    	
 
    
	
Goldman Sachs International Bank
    	
 
    	
45,000,000
    	
 
    
	
JPMorgan Chase Bank, N.A. London Branch
    	
 
    	
45,000,000
    	
 
    
	
Lloyds TSB Bank plc
    	
 
    	
45,000,000
    	
 
    
	
The Royal Bank of Scotland plc
    	
 
    	
45,000,000
    	
 
    
	
UBS Limited
    	
 
    	
45,000,000
    	
 
    
	
HSBC Bank plc
    	
 
    	
45,000,000
    	
 
    
	
Total Commitments
    	
 
    	
450,000,000
    	
 
    

 

22

 

APPENDIX 2

 

ADDITIONAL FACILITY LENDERS TAX STATUS

 

	
Lender
    	
 
    	
Tax Status
    
	
Deutsche Bank AG, London Branch
    	
 
    	
UK   Bank Lender
    
	
BNP   Paribas London Branch
    	
 
    	
UK   Bank Lender
    
	
Bank   of America, N.A.
    	
 
    	
UK   Bank Lender
    
	
Crédit   Agricole Corporate and Investment Bank
    	
 
    	
UK   Bank Lender
    
	
Goldman   Sachs International Bank
    	
 
    	
UK   Bank Lender
    
	
JPMorgan   Chase Bank, N.A. London Branch
    	
 
    	
UK   Bank Lender
    
	
Lloyds   TSB Bank plc
    	
 
    	
UK   Bank Lender
    
	
The   Royal Bank of Scotland plc
    	
 
    	
UK   Bank Lender
    
	
UBS   Limited
    	
 
    	
UK   Bank Lender
    
	
HSBC   Bank plc
    	
 
    	
UK   Bank Lender
    

 

23

 

APPENDIX 3

 

EXISTING DOCUMENTARY CREDITS

 

	
Name of Beneficiary
    	
 
    	
Sterling Amount (£)
    	
 
    	
Expiry Date
    	
 
    
	
QBE Insurance (Europe)   Ltd.
    	
 
    	
875,000.00
    	
 
    	
30 June  2011
    	
 
    
	
ACE European Insurance   Ltd.
    	
 
    	
850,000.00
    	
 
    	
29 May 2015
    	
 
    
	
OFCOM
    	
 
    	
£
    	
4,136,000.00
    	
 
    	
31 May 2011
    	
 
    
	
OFCOM
    	
 
    	
£
    	
100,000.00
    	
 
    	
31 May 2011
    	
 
    
	
Existing L/C Amount
    	
 
    	
£
    	
5,961,000.00
    	
 
    	
 
    	
 
    

 

24

 

APPENDIX 4

 

CONDITIONS PRECEDENT TO ADDITIONAL FACILITY UTILISATION

 

1.         Corporate Documents

 

In relation to each Obligor and, if applicable, each general partner of any Obligor in respect of the Additional Facility:

 

(a)   a copy of its up-to-date constitutional documents or a certificate of an authorised officer of the Company confirming that such Borrower has not amended its constitutional documents in a manner which could reasonably be expected to be materially adverse to the interests of the Lenders since the date the Obligor’s Certificate in relation to such Obligor was last delivered to the Facility Agent;

 

(b)   a copy of a board resolution or a manager’s or partner’s resolution of such person approving the incurrence by such person of the indebtedness under the Additional Facility;

 

(c)   a duly completed certificate of a duly authorised officer of such person in the form attached Appendix 5 (Form of Additional Facility Officer’s Certificate) with such amendments as the Facility Agent may agree.

 

2.         Fees

 

Evidence that the agreed fees payable by the Company in connection with the utilisation of the Additional Facility have been or will be paid.

 

3.         Designation

 

Duly executed copy of notices of the Company of:

 

(a)   designating the Additional Facility as New Senior Liabilities in accordance with Clause 12 (New Senior Liabilities) of the Group Intercreditor Agreement; and

 

(b)   designating the Additional Facility as Designated Senior Liabilities in accordance with Clause 8.2 (Designated Senior Liabilities) of the HYD Intercreditor Agreement.

 

4.         Legal Opinion

 

An opinion of Latham & Watkins (London) LLP, legal advisers to the Facility Agent and the Mandated Lead Arrangers on matters of English law.

 

5.         Prepayment Notices

 

Irrevocable prepayment and cancellation notices in respect of the “Revolving Facility” made available to the Borrowers under Clause 2.1(c) of the Facilities Agreement.

 

25

 

APPENDIX 5

 

FORM OF ADDITIONAL FACILITY OFFICER’S CERTIFICATE

 

To:             Deutsche Bank AG, London Branch as Facility Agent

 

We refer to the facilities agreement dated 16 March 2010 (as from time to time amended, varied, novated or supplemented, the “Facilities Agreement”) and made between, inter alia, Virgin Media Inc. as Ultimate Parent, Virgin Media Finance PLC as Parent, Virgin Media Investment Holdings Limited, Virgin Media Limited, Virgin Media Wholesale Limited, VMIH Sub Limited and Virgin Media SFA Finance Limited as Original Borrowers, BNP Paribas London Branch and Deutsche Bank AG, London Branch as Global Coordinators and Physical Bookrunners, BNP Paribas London Branch, Deutsche Bank AG, London Branch, Crédit Agricole Corporate and Investment Bank, GE Corporate Finance Bank SAS, Goldman Sachs International, J.P. Morgan PLC, Lloyds TSB Corporate Markets, Merrill Lynch International, The Royal Bank of Scotland plc and UBS Limited as Bookrunners and Mandated Lead Arrangers, Deutsche Bank AG, London Branch as Facility Agent, Deutsche Bank AG, London Branch as Security Trustee and the financial and other institutions named in it as Lenders. Terms defined in the Facilities Agreement shall have the same meanings in this Certificate.

 

I, [name], a Director of [name of Obligor] of [address] (the “Company”)

 

CERTIFY without personal liability, that:

 

(a)             [attached to this Certificate marked “A” are true, correct, complete and up-to-date copies of all documents which contain or establish or relate to the constitution of the Company/;] / [the Company has not amended any of its constitutional documents in a manner which could be reasonably expected to be materially adverse to the interests of the Lenders since the date such documents were last delivered to the Facility Agent];

 

(b)            attached to this Certificate marked [“A”/“B”] is a true, correct and complete copy of [resolutions duly passed] at a meeting of the Board of Directors duly convened and held on [·] or the equivalent thereof passed as a written resolution of the Company approving the Relevant Finance Documents to which the Company is a party and authorising their execution, signature, delivery and performance and such resolutions have not been amended, modified or revoked and are in full force and effect; and

 

(c)             the incurrence of the indebtedness under the Additional Facility by the Company will not breach any borrowing, guaranteeing or other indebtedness limit to which the Company is subject

 

(d)            the following signatures are the true signatures of the persons who have been authorised to sign any necessary documents on behalf of the Company and to give notices and communications (including Utilisation Requests), under or in connection with the Relevant Finance Documents on behalf of the Company.

 

	
Name
    	
 
    	
Position
    	
 
    	
Signature
    
	
[·]
    	
 
    	
[·]
    	
 
    	
[·]
    

 

 

26

 

	
Signed:
    	
 
    	
 
    
	
 
    	
Director/Secretary
    
	
Date:
    	
[·]
    
				

 

I, [name], a Director of [name of Obligor] (the [“Company”]), certify that the persons whose names and signatures are set out above are duly appointed [·] of the Company and that the signatures of each of them above are their respective signatures.

 

	
Signed:
    	
 
    	
 
    
	
 
    	
Director/Secretary
    
	
Date:
    	
[·]
    
				

 

27Exhibit 4.1

 

CINTAS CORPORATION NO. 2

 

OFFICERS’ CERTIFICATE

 

Pursuant to Sections 3.1 and 3.3 of the Indenture, dated as of May 28, 2002 (the “Base Indenture”), by and among Cintas Corporation No. 2, a Nevada corporation (the “Company”), Cintas Corporation, a Washington corporation (the “Parent Guarantor”), Cintas Corporation No. 3, a Nevada corporation (“Cintas 3”), Cintas Corp. No. 8, Inc., a Nevada corporation (“Cintas 8”), Cintas Corp. No. 15, Inc., a Nevada corporation (“Cintas 15”), Cintas-RUS, L.P., a Texas limited partnership (“Cintas-RUS”), the additional subsidiary guarantors party thereto and U.S. Bank National Association (as successor trustee to Wachovia Bank, National Association), as trustee (the “Trustee”), as amended and supplemented by a first supplemental indenture, dated as of November 8, 2010 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), by and among the Company, Cintas Corporate Services, Inc., an Ohio corporation (“Cintas Services” and, collectively with the Parent Guarantor, Cintas 3, Cintas 8, Cintas 15 and Cintas-RUS, the “Guarantors”), and the Trustee, the undersigned Senior Vice President and Chief Financial Officer of the Company and the undersigned Vice President and Treasurer of the Company hereby certify as follows:

 

1.                                       The issuance of a series of Securities designated as 2.85% Senior Notes due 2016, in an initial aggregate principal amount of $250,000,000 (the “Notes”), has been approved and authorized in accordance with the provisions of the Indenture pursuant to resolutions adopted by the Pricing Committee of the Board of Directors of the Company pursuant to an Action Taken in Writing by the Pricing Committee of the Board of Directors of the Company dated May 18, 2011 and by this Officers’ Certificate dated May 23, 2011 relating to the Notes.

 

2.                                       All covenants and conditions precedent provided for in the Indenture relating to the establishment of series of Securities and the terms of such series have been complied with.

 

3.                                       To the best of the knowledge of the undersigned, no event which is, or after notice or lapse of time would become, an Event of Default with respect to any of the Securities shall have occurred and be continuing.

 

4.                                       The terms of the Notes shall be as follows:

 

	
(i)
    	
The title of the   Notes shall be “2.85% Senior Notes due 2016.”
    
	
 
    	
 
    
	
(ii)
    	
The Notes are to be   issued in registered form. The Notes are to be issued initially in an   aggregate principal amount of $250,000,000; provided, however, that the   aggregate principal amount of the Notes which may be outstanding may be   increased by the Company upon the terms and subject to the conditions set   forth in the Indenture and the Notes. The Notes are to be issued initially in   global form. Beneficial owners of interests in the Notes may exchange such   interests in accordance with the Indenture and the terms of the Notes.
    
	
 
    	
 
    
	
(iii)
    	
The Notes will   mature on June 1, 2016.
    

 

 

	
(iv)
    	
The Notes will bear   interest at a rate of 2.85% per annum.
    
	
 
    	
 
    
	
(v)
    	
The date from which   interest shall accrue, the Interest Payment Dates on which interest shall be   payable and the Regular Record Date for the interest payable on any Interest   Payment Date will be as set forth in the Specimen Note annexed hereto as Exhibit A   (the “Specimen Note”).
    
	
 
    	
 
    
	
(vi)
    	
Principal and   interest on the Notes are payable at the corporate trust office of the   Trustee in The City of New York, except as otherwise provided in the Specimen   Note.
    
	
 
    	
 
    
	
(vii)
    	
The Notes are   issuable in minimum denominations of $1,000 and integral multiples thereof.
    
	
 
    	
 
    
	
(viii)
    	
The Notes are   subject to redemption at the option of the Company, as set forth in the   Specimen Note.
    
	
 
    	
 
    
	
(ix)
    	
The Notes will not   be subject to any sinking fund.
    
	
 
    	
 
    
	
(x)
    	
The provisions   relating to defeasance shall apply to the Notes.
    
	
 
    	
 
    
	
(xi)
    	
Clause (5) of   Section 5.1 of the Indenture shall not apply to the Notes, and the   occurrence of the events described in clause (5) of Section 5.1 of   the Indenture shall not be deemed an “Event of Default” with respect to the   Notes.
    
	
 
    	
 
    
	
(xii)
    	
If a Change of   Control Repurchase Event (as defined in the Specimen Note) occurs, the   Company shall make an offer to purchase all of the Notes at a repurchase   price in cash equal to 101% of the aggregate principal amount of Notes   repurchased plus accrued and unpaid interest, if any, on the Notes   repurchased to the date of purchase, as set forth in the Specimen Note.
    
	
 
    	
 
    
	
(xiii)
    	
The “Depository”   with respect to the Notes will initially be The Depository Trust Company   (“DTC”).
    
	
 
    	
 
    
	
(xiv)
    	
Interest on the   Notes will be computed and paid on the basis of a 360-day year of twelve   30-day months.
    
	
 
    	
 
    
	
(xv)
    	
The due and   punctual payment of principal of, premium, if any, and interest on, the Notes   shall be fully and unconditionally guaranteed, subject to the terms of the   Indenture, jointly and severally, by the Parent Guarantor, Cintas 3,   Cintas 8, Cintas 15, Cintas—RUS and Cintas Services.
    

 

Capitalized terms used herein and not otherwise defined herein have the meanings specified in the Indenture or the Specimen Note.  The foregoing terms of the Notes are qualified by the complete text of the Specimen Note, which is attached hereto and incorporated herein by this reference.

 

2

 

Each of the undersigned, for himself, states that he has read and is familiar with the provisions of the Indenture, including Article 3 relating to the issuance of Securities thereunder and the definitions relating thereto and Article 1; that he is generally familiar with the affairs of the Company and the Guarantors and their respective corporate acts and proceedings; and that, in his opinion, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not the covenants and conditions referred to above have been complied with, and, in his opinion, such provisions have been complied with.

 

Insofar as this certificate relates to legal matters, it is based, as provided for in Section 1.3 of the Indenture, upon the Opinion of Counsel delivered to the Trustee contemporaneously herewith pursuant to Section 3.3 of the Indenture and relating to the Notes.

 

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

3

 

IN WITNESS WHEREOF, we have hereunto signed our names by and on behalf of the Company.

 

Cincinnati, Ohio

Dated:  May 23, 2011

 

	
 
    	
CINTAS   CORPORATION NO. 2
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ William   C. Gale
    
	
 
    	
 
    	
Name:
    	
William C.   Gale
    
	
 
    	
 
    	
Title:
    	
Senior Vice   President and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael   Hansen
    
	
 
    	
 
    	
Name:
    	
Michael   Hansen
    
	
 
    	
 
    	
Title:
    	
Vice   President and Treasurer
    

 

4

 

EXHIBIT A

 

SPECIMEN NOTE

 

 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY (AS DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF. THIS GLOBAL NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS GLOBAL NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY, OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY, OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.

 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

 

	
No. 1
    CUSIP No. 17252MAJ9
    	
 
    	
Principal   Amount $250,000,000  as revised by the Schedule of Increases   and Decreases in Global Security attached hereto
    

 

Cintas Corporation No. 2 
 2.85% Senior Notes due 2016 
 Payment of Principal, Premium, if any, and Interest 
 Unconditionally Guaranteed, Jointly and Severally, 
 by Cintas Corporation and 
 Certain Subsidiaries of Cintas Corporation

 

Cintas Corporation No. 2, a corporation duly organized and existing under the laws of Nevada (hereinafter called the “Company”, which term includes any successor Person under the Indenture referred to below), for value received, hereby promises to pay to Cede & Co., c/o The Depository Trust Company, 55 Water Street, New York, New York 10041, or registered assigns, the principal sum of Two Hundred Fifty Million Dollars ($250,000,000), as revised by the Schedule of Increases and Decreases in Global Security attached hereto, on June 1, 2016, and to pay interest thereon from May 23, 2011 or from the most recent date to which interest has been. paid or duly provided for, semiannually on June 1 and December 1 in each year (each, an “Interest Payment Date”), commencing on December 1, 2011, at the rate of 2.85% per annum, until the principal hereof and premium, if any, hereon is paid or duly made available for payment, and on any overdue principal or premium, if any, and (to the extent that payment of such interest is lawful) on any overdue installment of interest at the same rate per annum during the period in which such principal or premium, if any, or interest remains unpaid. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the May 15 or November 15 (whether or not a Business Day (as defined below)), as the case may be, next preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder hereof on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Company, notice whereof shall be given to Holders of Notes of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in such Indenture. Payment of the principal of (and premium, if any) and interest on this Note will be made at the office or agency of the Company or, if applicable, the Guarantor maintained for that purpose in The Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of the Company, payment of interest may be made by United States dollar check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, that payment to The Depository Trust Company or any

 

 

successor depository (“DTC”) may be made by wire transfer to the account designated by DTC or such successor depository in writing.

 

If any Interest Payment Date or Maturity Date falls on a day that is not a Business Day, the related payment of principal, premium, if any, and interest on the Notes will be made on the next succeeding Business Day with the same force and effect as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or Maturity Date, as the case may be, to the next succeeding Business Day. “Business Day” means any day other than a Saturday, Sunday or other day on which banking institutions are authorized or obligated by law, regulation or executive order to close.

 

Payments of interest hereon with respect to any Interest Payment Date will include interest accrued to but excluding such Interest Payment Date. Interest on this Note shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.

 

This Note is one of a duly authorized series of Securities of the Company (herein called the “Notes”) issued or to be issued under an Indenture dated as of May 28, 2002 (the “Base Indenture”) by and among the Company, Cintas Corporation (the “Parent Guarantor”), Cintas Corporation No. 3, a Nevada corporation (“Cintas 3”), Cintas Corp. No. 8, Inc., a Nevada corporation (“Cintas 8”), Cintas Corp. No. 15, Inc., a Nevada corporation (“Cintas 15”), Cintas-RUS, L.P., a Texas limited partnership (“Cintas-RUS”), the additional subsidiary guarantors party thereto and U.S. Bank National Association (as successor trustee to Wachovia Bank, National Association), as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture with respect to the Notes), as amended and supplemented by a first supplemental indenture, dated as of November 8, 2010 (herein called, collectively with the Base Indenture and all indentures supplemental thereto, the “Indenture”), by and among the Company, Cintas Corporate Services, Inc., an Ohio corporation (“Cintas Services” and, collectively with the Parent Guarantor, Cintas 3, Cintas 8, Cintas 15 and Cintas-RUS, the “Initial Subsidiary Guarantors” and, together with the Parent Guarantor and each other subsidiary of the Company that pursuant to the terms of the Indenture guarantees the Company’s obligations under such Indenture, in each case in such entity’s capacity as guarantor, the “Guarantors”) to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Guarantors, the Trustee and the Holders of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, initially limited (subject to exceptions provided in the Indenture) to the aggregate principal amount specified in the Officers’ Certificate dated May 23, 2011 establishing the terms of the Notes pursuant to the Indenture; provided that the Company may, without the consent of Holders, reopen this series of Securities and issue additional Notes, so as to increase the aggregate principal amount of the Notes Outstanding upon the terms and subject to the conditions set forth in the Indenture so long as any such additional Notes have the same tenor and terms (including, without limitation, rights to receive accrued and unpaid interest as the Notes then Outstanding). The Notes are issuable only in registered form without coupons in the denominations specified in the Officers’ Certificate dated May 23, 2011 establishing the terms of the Notes, all as more fully provided in the Indenture and such Officers’ Certificate. As provided

 

 

in the Indenture and in such Officers’ Certificate, and subject to certain limitations set forth in the Indenture, such Officers’ Certificate and in this Note, the Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series in different denominations, as requested by the Holders surrendering the same.

 

The Notes are unconditionally guaranteed as to the due and punctual payment of principal, premium, if any, and interest in respect thereof by the Guarantors as evidenced by their guarantees (the “Guarantees”) included in the Indenture and set forth hereon. The Guarantees are direct and unconditional obligations of such Guarantors and rank and will rank equally in priority of payment and in all other respects with all other unsecured and unsubordinated obligations of such Guarantors now or hereafter outstanding.

 

This Note is redeemable at the option of the Company, in whole or in part at any time, at a redemption price equal to the greater of (i) 100% of the principal amount of this Note to be redeemed and (ii) the sum, as determined by the Independent Investment Banker (as defined below), of the present values of the remaining scheduled payments of principal and interest on this Note to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 15 basis points, and in each case accrued but unpaid interest thereon to the redemption date.

 

“Treasury Rate” means, with respect to any redemption date for the Notes, (i) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the maturity date of the Notes, yields for the two published maturities most closely corresponding to the Comparable Treasury Issuer will be determined and the Treasury Rate shall be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month) or (ii) if the release referred to in clause (i) (or any successor release) is not published during the week preceding the calculation date or does not contain the yields referred to above, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date. The Treasury Rate will be calculated on the third Business Day preceding the redemption date.

 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Notes that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

 

 

“Comparable Treasury Price” means, with respect to any redemption date, the average of the Reference Treasury Dealer Quotations obtained by the Trustee for such redemption date, after excluding the highest and lowest of four such Reference Treasury Dealer Quotations, or if the Trustee is unable to obtain at least four such Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations obtained by the Trustee.

 

“Independent Investment Banker” means KeyBanc Capital Markets Inc. (and its successors), or, if such firm is unwilling or unable to select the applicable Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Trustee and reasonably acceptable to the Company or, if applicable, the Guarantor.

 

“Reference Treasury Dealer” means J.P. Morgan Securities LLC and its successors, and three other primary U.S. government securities dealers in New York City selected by the Independent Investment Banker (each, a “Primary Treasury Dealer”); provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date for the Notes, an average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue for the Notes (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date.

 

Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to the Holder hereof at its address as such address shall appear in the Security Register of the Company. Unless the Company defaults in payment of the redemption price and accrued interest on and after the redemption date, interest will cease to accrue on the principal amount of this Note called for redemption.

 

Except as provided above, this Note is not redeemable by the Company prior to maturity and is not subject to any sinking fund.

 

If a Change of Control Repurchase Event (defined below) occurs, unless the Company has otherwise exercised its right to redeem the Notes, it will make an offer (a “Change of Control Repurchase Event Offer”) to each Holder of Notes to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to the date of purchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date (the “Change of Control Repurchase Event Payment”). Within 30 days following any Change of Control Repurchase Event, the Company will mail a notice to each Holder describing the transaction or transactions that constitute the Change of Control Repurchase Event and stating:

 

 

(1)                                  that the Change of Control Repurchase Event Offer is being made pursuant to the Change of Control Repurchase Event provisions of the Notes and that all Notes tendered will be accepted for payment;

 

(2)                                  the purchase price and the purchase date, which shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Repurchase Event Payment Date”);

 

(3)                                  that any Note not tendered will continue to accrue interest;

 

(4)                                  that, unless the Company defaults in the payment of the Change of Control Repurchase Event Payment, all Notes accepted for payment pursuant to the Change of Control Repurchase Event Offer will cease to accrue interest after the Change of Control Repurchase Event Payment Date;

 

(5)                                  that Holders electing to have any Notes purchased pursuant to a Change of Control Repurchase Event Offer will be required to surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Repurchase Event Payment Date;

 

(6)                                  that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Repurchase Event Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; and

 

(7)                                  that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $1,000 in principal amount or an integral multiple thereof.

 

The Company will comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict.

 

On the Change of Control Repurchase Event Payment Date, the Company will, to the extent lawful:

 

 

(1)                                  accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Repurchase Event Offer;

 

(2)                                  deposit with the Paying Agent an amount equal to the Change of Control Repurchase Event Payment in respect of all Notes or portions of Notes properly tendered; and

 

(3)                                  deliver or cause to be delivered to the trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased by the Company.

 

Upon receiving the Change of Control Repurchase Event Payment, the Paying Agent will promptly mail to each Holder of Notes properly tendered the purchase price for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in the principal amount to any unpurchased portion of the Notes surrendered, if any; provided, that each new Note will be in a principal amount of $1,000 or an integral multiple of $1,000. The Company will announce the results of the Change of Control Repurchase Event Offer on or as soon as practicable after the Change of Control Repurchase Event Payment Date.

 

The Company will not be required to make a Change of Control Repurchase Event Offer upon a Change of Control Repurchase Event if a third party makes an offer in the manner, at the times and otherwise in compliance with the requirements for a Change of Control Repurchase Event Offer made by the Company, and such third party purchases all Notes properly tendered and not withdrawn under its offer.

 

“Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which 60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies).

 

“Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents (however designated) in the equity interests of such Person, including without limitation, (i) with respect to a corporation, common stock, preferred stock and any other capital stock, (ii) with respect to a partnership, partnership interests (whether general or limited), and (iii) with respect to a limited liability company, limited liability company interests.

 

“Change of Control” means the occurrence of any of the following:

 

(1)                                  the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the Company’s and its subsidiaries’ properties or assets taken as a whole or all or substantially all of the Parent Guarantor’s and its subsidiaries properties or assets taken as a whole to any “person” (as that term is used in

 

 

Section 13(d)(3) of the Exchange Act) other than to the Parent Guarantor, the Company or a Subsidiary Guarantor, as the case may be;

 

(2)                                  the adoption of a plan relating to the liquidation or dissolution of the Company or the Parent Guarantor;

 

(3)                                  the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as defined above), other than the Company or a Subsidiary Guarantor, as the case may be, becomes the beneficial owner, directly or indirectly, of 50% or more of the total voting power of the Voting Stock of the Company or the Parent Guarantor (for purposes of this clause (3), a Person shall be deemed to beneficially own the Voting Stock of a corporation that is beneficially owned (as defined above) by another corporation (a “parent corporation”) if such Person beneficially owns (as defined above) at least 50% of the aggregate voting power of all classes of Voting Stock of such parent corporation); or

 

(4)                                  the first day on which a majority of the members of the board of directors of the Parent Guarantor are not Continuing Directors;

 

provided, that in connection with (a) the direct or indirect sale, transfer, conveyance or other disposition described in clause (1) above to the Parent Guarantor, the Company or a Subsidiary Guarantor or (b) the consummation of any transaction described in clause (3) above with the Company or a Subsidiary Guarantor, all references in clauses (1) and (3) above to the “Company” and the “Parent Guarantor,” as applicable, shall henceforth be deemed to refer to the entity that acquires such properties or assets or the surviving entity of such merger or consolidation, as applicable.

 

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

 

“Continuing Director” means, as of any date of determination, any member of the Parent Guarantor’s Board of Directors who:

 

(1)                                  was a member of the Parent Guarantor’s Board of Directors on the first date that any of the Notes were issued; or

 

(2)                                  was nominated for election or elected to the Parent Guarantor’s Board of Directors with the approval of a majority of the directors in office at the time of such nomination or election (a) who were either members of the Parent Guarantor’s Board of Directors on the first date that any of the Notes were issued or (b) whose nomination or election was so previously approved.

 

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

 

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

 

 

“Person” means any individual, corporation, partnership, association, joint venture, trust or any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.

 

“Rating Agency” means each of S&P and Moody’s, or if S&P or Moody’s or both shall not make a rating on the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company (as certified by Board Resolutions) which shall be substituted for S&P or Moody’s, or both, as the case may be.

 

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

 

“Voting Stock” means, with respect to any Person, the Capital Stock of such Person that is at the time entitled to vote generally in the election of the board of directors (or the equivalent) of such Person.

 

If an Event of Default with respect to the Notes shall occur and be continuing, the principal amount of all the Notes may be declared due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and, if applicable, the Guarantors and the rights of the Holders of the Securities of each series issued under the Indenture at any time by the Company and, if applicable, the Guarantors, and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of each series affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of any series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company and, if applicable, the Guarantors with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Notes issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof; whether or not notation of such consent or waiver is made upon this Note.

 

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

 

As provided in the Indenture and subject to certain limitations set forth therein and in this Note, the transfer of this Note is registerable on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Company or the Guarantors in any place where the principal of (and premium, if any) and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or

 

 

such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.

 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith, other than in certain cases provided in the Indenture.

 

Prior to due presentment of this Note for registration of transfer, the Company, the Guarantors, the Trustee and any agent of the Company, the Guarantors or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and none of the Company, the Guarantors, the Trustee or any such agent shall be affected by notice to the contrary.

 

The Indenture contains provisions whereby (i) the Company or the Guarantors may be discharged from their obligations with respect to the Notes (subject to certain exceptions) or (ii) the Company or the Guarantors may be released from their obligations under specified covenants and agreements in the Indenture, in each case if the Company or any Guarantor irrevocably deposits with the Trustee money or U.S. Government Obligations sufficient to pay and discharge the entire indebtedness on all Notes of this series, and satisfies certain other conditions, all as more fully provided in the Indenture.

 

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

 

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

 

Unless the certificate of authentication hereon has been duly executed by the Trustee referred to below, directly or through an Authenticating Agent, by manual signature of an authorized signatory, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed, manually or by facsimile by an authorized signatory.

 

	
Dated:
    	
 
    	
 
    
	
[SEAL]
    	
 
    	
CINTAS CORPORATION   NO. 2
    
	
 
    	
 
    	
as Issuer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
 
    	
Title:
    
	
 
    	
 
    	
 
    
	
Attest:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
 
    	
 
    
	
 
    	
Title:
    	
 
    	
 
    

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

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

 

	
 
    	
U.S. BANK NATIONAL   ASSOCIATION
    
	
 
    	
as Trustee
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Authorized Signatory
    

 

 

GUARANTEE

 

For value received, each of the undersigned hereby irrevocably and unconditionally guarantees (subject to release, if applicable, upon the terms set forth in the Indenture), jointly and severally, on a senior basis to the Holder of this Note and to the Trustee, on behalf of the Holder, (i) due and punctual payment of principal, premium, if any, and interest on this Note, when and as the same shall become due and payable, whether at Stated Maturity, by declaration of acceleration or otherwise, the due and punctual payment of interest on the overdue principal of (and premium, if any) and interest, if any, on this Note, to the extent lawful, and the due and punctual performance of all other obligations of the Company to the Holder of this Note or the Trustee all in accordance with the terms of this Note and the Indenture and (ii) in the case of any extension of time of payment or renewal of this Note or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, at Stated Maturity, by declaration of acceleration or otherwise. This Guarantee will not be valid or obligatory for any purpose until the Trustee duly executes the certificate of authentication on the Note upon which this Guarantee is endorsed.

 

Dated:

 

	
 
    	
Cintas   Corporation,
    
	
 
    	
a Washington   corporation;
    
	
 
    	
 
    
	
 
    	
Cintas Corporate   Services, Inc.,
    
	
 
    	
an Ohio   corporation;
    
	
 
    	
 
    
	
 
    	
Cintas Corporation   No. 3,
    
	
 
    	
a Nevada   corporation;
    
	
 
    	
 
    
	
 
    	
Cintas Corp.   No. 8, Inc.,
    
	
 
    	
a Nevada   corporation;
    
	
 
    	
 
    
	
 
    	
Cintas Corp.   No. 15, Inc.,
    
	
 
    	
a Nevada   corporation;
    
	
 
    	
 
    
	
 
    	
Cintas—RUS, LP.,
    
	
 
    	
a Texas limited   partnership
    
	
 
    	
 
    
	
 
    	
(by Cintas   No. 8, its General Partner);
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Authorized   Signatory for each of the Guarantors
    
	
 
    	
 
    	
 
    
	
 
    	
Attest:
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Authorized   Signatory for each of the Guarantors
    

 

 

ABBREVIATIONS

 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
TEN COM —
    	
as tenants in   common UNIF GIFT MN   ACT—           Custodian
    
	
 
    	
 
    
	
TEN ENT —
    	
as tenants by the   entireties (Cust)        (Minor)
    
	
 
    	
 
    
	
JT TEN —
    	
as joint tenants   with right of survivorship Under Uniform Gifts to Minors 
    
	
 
    	
 
    
	
 
    	
and not as tenants   in common                 Act
    

 

(State)

 

Additional abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED, the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

 

 

 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE

 

 

the within Note and all rights thereunder, hereby irrevocably constituting and appointing

 

 

to transfer said Note on the books of the Company with full power of substitution in the premises.

 

	
Dated:
    	
 
    	
 
    

 

Notice: The signature to this assignment must correspond with the name as it appears upon the face of the within Note in every particular, without alteration or enlargement or any change whatever.

 

 

Signature Guarantee:

 

 

	
 
    	
 
    	
 
    
	
(Signature must be   guaranteed)
    	
 
    	
Signature
    

 

The signature(s) should be guarantees by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule l7Ad-15.

 

 

OPTION OF HOLDER TO ELECT PURCHASE

 

To elect to have this Note purchased by the Company pursuant to the Change of Control Repurchase Event provisions of the Notes, check the box below:

 

o Purchase pursuant to Change of Control Repurchase Event

 

If you want to elect to have only part of the Note purchased by the Company pursuant to pursuant to the Change of Control Repurchase Event provisions of the Notes, state the amount you elect to have purchased:

 

$

	
Dated:
    	
 
    	
 
    

 

Notice: The signature to this election must correspond with the name as it appears upon the face of the within Note in every particular, without alteration or enlargement or any change whatever.

 

Signature Guarantee:

 

	
 
    	
 
    	
 
    
	
(Signature must be   guaranteed)
    	
 
    	
Signature
    

 

The signature(s) should be guarantees by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule l7Ad-15.

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

 

The following increases or decreases in this Global Note have been made

 

	
Date of Exchange
    	
 
    	
Amount of increase
   in Principal Amount
   of this Global Note
    	
 
    	
Amount of decrease
   in Principal Amount
   of this Global Note
    	
 
    	
Principal Amount of
   this Global Note
   following each
   decrease or increase
    	
 
    	
Signature of
    Authorized signatory
   of
    Trustee

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