Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 CREDIT
AGREEMENT 
 Dated as of October 22, 2014 

Among 
 KANSAS CITY SOUTHERN
INTERNATIONAL INVESTMENTS, S.A. 
 as Borrower 

KANSAS CITY SOUTHERN, 
 as Parent

 THE GUARANTORS NAMED HEREIN, 

as Guarantors 
 and 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 

as the Lender 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		  	ARTICLE I	  			
			
		  	DEFINITIONS AND ACCOUNTING TERMS	  			
			
	 Section 1.01.
	  	Certain Defined Terms	  	 	1	  
	 Section 1.02.
	  	Computation of Time Periods; Other Definitional Provisions	  	 	17	  
	 Section 1.03.
	  	Accounting Terms	  	 	18	  
	 Section 1.04.
	  	Luxembourg Terms	  	 	18	  
	 Section 1.05.
	  	Currency Equivalents Generally	  	 	18	  
			
		  	 ARTICLE II
	  			
			
		  	 AMOUNTS AND TERMS OF THE LOANS
	  			
			
	 Section 2.01.
	  	The Loans	  	 	19	  
	 Section 2.02.
	  	Making the Loan	  	 	19	  
	 Section 2.03.
	  	Repayment of the Loan	  	 	19	  
	 Section 2.04.
	  	Termination of the Commitments	  	 	20	  
	 Section 2.05.
	  	Prepayments	  	 	20	  
	 Section 2.06.
	  	Interest	  	 	20	  
	 Section 2.07.
	  	[Reserved]	  	 	20	  
	 Section 2.08.
	  	Increased Costs, Etc.	  	 	20	  
	 Section 2.09.
	  	Payments and Computations	  	 	21	  
	 Section 2.10.
	  	Taxes	  	 	22	  
	 Section 2.11.
	  	Use of Proceeds	  	 	24	  
	 Section 2.12.
	  	Evidence of Debt	  	 	24	  
	 Section 2.13.
	  	Mitigation Obligations	  	 	24	  
			
		  	ARTICLE III	  			
			
		  	CONDITIONS TO EXTENSIONS OF CREDIT	  			
			
	 Section 3.01.
	  	Conditions Precedent to the Borrowing of Initial Term Loan	  	 	25	  
	 Section 3.02.
	  	Conditions Precedent to the Borrowing of Delayed-Draw Term Loan	  	 	27	  
			
		  	ARTICLE IV	  			
			
		  	REPRESENTATIONS AND WARRANTIES	  			
			
	 Section 4.01.
	  	Representations and Warranties of Parent and the Borrower	  	 	28	  

  
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		  	ARTICLE V	  			
			
		  	AFFIRMATIVE COVENANTS OF THE BORROWER AND PARENT	  			
			
	 Section 5.01.
	  	Affirmative Covenants	  	 	32	  
	 Section 5.02.
	  	Reporting Requirements	  	 	33	  
			
		  	ARTICLE VI	  			
			
		  	EVENTS OF DEFAULT	  			
			
	 Section 6.01.
	  	Events of Default	  	 	33	  
			
		  	ARTICLE VII	  			
			
		  	GUARANTY	  			
			
	 Section 7.01.
	  	Guaranty; Limitation of Liability	  	 	35	  
	 Section 7.02.
	  	Guaranty Absolute	  	 	36	  
	 Section 7.03.
	  	Waivers and Acknowledgments	  	 	37	  
	 Section 7.04.
	  	Subrogation	  	 	37	  
	 Section 7.05.
	  	Guaranty Supplements	  	 	38	  
	 Section 7.06.
	  	Subordination	  	 	38	  
	 Section 7.07.
	  	Continuing Guaranty; Assignments	  	 	39	  
	 Section 7.08.
	  	Luxembourg Guaranty Limitation	  	 	39	  
			
		  	ARTICLE VIII	  			
			
		  	MISCELLANEOUS	  			
			
	 Section 8.01.
	  	Amendments, Etc.	  	 	40	  
	 Section 8.02.
	  	Notices, Etc.	  	 	40	  
	 Section 8.03.
	  	No Waiver; Remedies	  	 	41	  
	 Section 8.04.
	  	Costs and Expenses	  	 	41	  
	 Section 8.05.
	  	Right of Set-off	  	 	42	  
	 Section 8.06.
	  	Binding Effect; Assignments	  	 	43	  
	 Section 8.07.
	  	Execution in Counterparts	  	 	43	  
	 Section 8.08.
	  	Confidentiality	  	 	43	  
	 Section 8.09.
	  	Patriot Act Notice	  	 	43	  
	 Section 8.10.
	  	Jurisdiction, Service of Process, Etc.	  	 	44	  
	 Section 8.11.
	  	GOVERNING LAW	  	 	44	  
	 Section 8.12.
	  	WAIVER OF JURY TRIAL	  	 	44	  
	 Section 8.13.
	  	WAIVER OF IMMUNITY	  	 	45	  
	 Section 8.14.
	  	Judgment Currency	  	 	45	  
	 Section 8.15.
	  	Release of Guarantees	  	 	45	  

  
 ii 

					
	SCHEDULES	  		  	
			
	Schedule I	  	    -    	  	Subsidiary Guarantors
	Schedule II	  	    -    	  	Unrestricted Subsidiaries
	Schedule 4.01(d)	  	    -    	  	Authorizations, Approvals, Actions, Notices and Filings
	Schedule 4.01(m)	  	    -    	  	Environmental Disclosure
			
	EXHIBITS	  		  	
			
	Exhibit A	  	    -    	  	Form of Note
	Exhibit B	  	    -    	  	Form of Notice of Borrowing
	Exhibit C	  	    -    	  	Form of Solvency Certificate
	Exhibit D	  	    -    	  	Form of Guaranty Supplement

  
 iii 

 CREDIT AGREEMENT 

CREDIT AGREEMENT (this “Agreement”) dated as of October 22, 2014 among Kansas City Southern International
Investments, S.A., a corporation incorporated in Mexico with effective place of administration and domicile at 6, rue Guillaume Schneider, L-2522, Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Companies Register under number
B 175499 (the “Borrower”), Kansas City Southern, a Delaware corporation (the “Parent”), the Subsidiary Guarantors (as hereinafter defined) and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as the lender (the
“Lender”). 
 PRELIMINARY STATEMENTS: 

The Borrower has requested, and the Lender has agreed to extend, credit in the form of an Initial Term Loan and a Delayed-Draw Term Loan in an
aggregate principal amount of up to $300,000,000 on the terms and conditions of this Agreement. 
 NOW, THEREFORE, in consideration of the
premises and of the mutual covenants and agreements contained herein, the parties hereto hereby agree as follows: 
 ARTICLE I 

 DEFINITIONS AND ACCOUNTING TERMS 

Section 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such
meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Additional
Guarantor” has the meaning specified in Section 7.05. 
 “Affiliate” means, as to any Person, any
other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the terms
“controlling”, “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person, whether
through the ownership of Voting Interests, by contract or otherwise. 
 “Agreement” has the meaning specified in the
recital of parties to this Agreement. 
 “Anti-Terrorism Laws” is defined in Section 4.01(q)(i). 

“Applicable Margin” means 1.25% per annum. 

“Bankruptcy Law” means any proceeding of the type referred to in Section 6.01(f) or Title II, U.S. Code, or any
similar foreign, federal or state law for the relief of debtors. 

 “Base Rate” means a fluctuating interest rate per annum in effect from
time to time, which rate per annum shall at all times be equal to the highest of: 
 (a) the rate of interest announced publicly by the
Lender in New York, New York, from time to time, as the Lender’s base or prime commercial lending rate at such time; 
 (b)  1⁄2 of 1% per annum above the Federal Funds Rate; and 

(c) the Eurodollar Rate for an Interest Period of one month as of such time plus 1%. 

“Base Rate Loan” means any Loan during such time as such Loan bears interest at a rate based on the Base Rate as
provided in Section 2.08(c). 
 “Borrower” has the meaning specified in the recital of parties to this
Agreement. 
 “Borrower’s Account” means the account of the Borrower specified by the Borrower in writing to
the Lender from time to time. 
 “Borrowing Date” means (a) with respect to the Initial Term Loan, the
Effective Date and (b) with respect to the Delayed-Draw Term Loan, the Delayed-Draw Effective Date. 
 “Business
Day” means any day that is not a Saturday or Sunday or any other day on which banks are not required or authorized by law to close in New York City or Luxembourg and, if the applicable Business Day relates to the Eurodollar Rate
Loan, any day on which dealings are carried on in the London interbank market. 
 “Capitalized Lease Obligations”
means with respect to any Person, the Obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which Obligations are required to
be classified and accounted for as a capital lease on a balance sheet of such Person in accordance with GAAP and the amount of such Obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Cash Equivalents” of any Person means any of the following, to the extent owned by such Person: (a) readily
marketable direct obligations of the government of the United States or any agency or instrumentality thereof or obligations unconditionally guaranteed by the full faith and credit of the government of the United States, (b) insured
certificates of deposit of or time deposits with any commercial bank that is the Lender or an Affiliate of the Lender or a member of the Federal Reserve System, is organized under the laws of the United States or any State thereof and has combined
capital and surplus of at least $500 million, in each case, having a maturity of not greater than 180 days from the date of acquisition thereof, (c) commercial paper maturing within 270 days from the date of acquisition thereof in an aggregate
amount of no more than $20 million per issuer outstanding at any time, issued by any corporation organized under the laws of any state of the United States and rated, at the time of acquisition, at least “Prime-1” (or the then equivalent
grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P, (d) Investments, classified in accordance with GAAP as Current Assets of such Person, in money market investment programs registered under the Investment
Company Act of 1940, as amended, which are administered by financial institutions that have the highest commercial paper rating obtainable from either Moody’s or S&P, and the portfolios of which are limited solely to Investments of the
character, quality and maturity described in clauses (a), (b) and (c) of this definition, (e) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and
entered into with a financial institution satisfying the criteria described in clause (b) above, or (f) such other liquid investments as shall be approved by the Lender. 

  
 2 

 “Change in Law” means the occurrence, after the date of this Agreement,
of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any
Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary,
(i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or by United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” shall be deemed
to have occurred if (i) at any time, less than 75% of the members of the board of directors of the Parent shall be (A) individuals who are members of such board on the Effective Date or (B) individuals whose election, or nomination
for election by the Parent’s stockholders, was approved by a vote of at least 75% of the members of the board then still in office who are members of the board on the Effective Date (or whose election or nomination has been approved as provided
in this clause (B)), (ii) at any time, any person, or any two or more persons acting as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of Equity Interests of the Parent, shall
become, according to public announcement or filing, the “beneficial owner” (as defined in Rule 13d-3 issued under the Securities Exchange Act of 1934, as amended), directly or indirectly, of securities of the Parent representing 30% or
more (calculated in accordance with such Rule 13d-3) of the combined voting power of the Parent’s then outstanding voting securities, (iii) the Borrower shall cease to be a direct or indirect wholly-owned Subsidiary of the Parent or
(iv) a “Change of Control” (or similar event), as such term may be defined in any indenture or other agreement or instrument governing Material Debt, shall have occurred. 

“Class” when used in reference to (a) any Loan, refers to whether such Loan is an Initial Term Loan or a
Delayed-Draw Term Loan and (b) any Commitment, refers to whether such Commitment is an Initial Commitment or a Delayed-Draw Commitment. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.) as amended from time to time,
and any successor statute. 
 “Commitment” means, collectively, the Initial Commitment and the Delayed-Draw
Commitment. 
 “Concession Title” means KCSM’s right, for a period of 30 years, to be the exclusive provider
(subject to certain trackage rights) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services over the Northeast Rail Lines, granted by the Mexican government
pursuant to the Concession Title, subject in all cases to the terms and conditions of the Concession Title, as in effect on June 23, 1997 and as amended on February 12, 2001 and November 22, 2006. 

  
 3 

 “Confidential Information” means information that any Loan Party
furnishes to the Lender in a writing designated as confidential, but does not include any such information that is or becomes generally available to the public other than as a result of a breach by the Lender of its obligations hereunder or that is
or becomes available to the Lender from a source other than the Loan Parties that is not, to the best of the Lender’s knowledge, acting in violation of a confidentiality agreement with a Loan Party. 

“Consolidated” refers to the consolidation of accounts in accordance with GAAP. 

“Contingent Obligation” means, with respect to any Person, any Obligation or arrangement of such Person to guarantee
or intended to guarantee any Debt of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, (a) the direct or indirect guarantee, endorsement (other than
for collection or deposit in the ordinary course of business), co-making by such Person of the Obligation of a primary obligor, (b) the Obligation to make take-or-pay or similar payments, if required, regardless of nonperformance by any other
party or parties to an agreement or (c) any Obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply
funds (A) for the purchase or payment of any such primary obligation or (B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to
purchase property, assets, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (iv) under standby letters of
credit or (v) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof; provided, however, that the term Contingent Obligation shall not include customary and reasonable indemnity
obligations under any contractual obligation permitted under this Agreement, including, but not limited to, contractual obligations in respect of any acquisition, capital expenditure, investment or disposition of assets permitted under this
Agreement (other than any such obligations with respect to Debt). The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Contingent
Obligation is made (or, if less, the maximum amount of such primary obligation for which such Person may be liable pursuant to the terms of the instrument evidencing such Contingent Obligation) or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder), as determined by such Person in good faith. 

“Controlled Group” means all members of a controlled group of corporations and all trades or businesses (whether or
not incorporated) under common control which, together with the Parent or any of its Subsidiaries, are treated as a single employer under Section 414(b) or 414(c) of the Internal Revenue Code or, solely for purposes of Section 302 of ERISA
and Section 412 of the Internal Revenue Code, are treated as a single employer under Section 414(b), (c), (m) or (o) of the Internal Revenue Code. 

  
 4 

 “Current Assets” of any Person means, at any date of determination, all
assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper
in accordance with GAAP. 
 “Debt” of any Person means, without duplication, (a) all indebtedness of such
Person for borrowed money, (b) all Obligations of such Person for the deferred purchase price of property or services (other than current accounts payable incurred in the ordinary course of such Person’s business), (c) all Obligations
of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all Obligations of such Person under any conditional sale or other title retention agreement with respect to property acquired by such Person, (e) all
Capitalized Lease Obligations of such Person, (f) all Obligations of such Person in respect of bankers acceptances and as an account party in respect of letters of credit and letters of guaranty, (g) all Contingent Obligations of such
Person, (h) all Obligations in respect of Securitization Transactions of such Person, (i) all Obligations of such Person in respect of Disqualified Equity Interests to the extent that the foregoing would constitute indebtedness or a
liability in accordance with GAAP and (j) all indebtedness and other payment Obligations referred to in clauses (a) through (i) above of another Person secured by (or for which the holder of such Debt has an existing right, contingent
or otherwise, to be secured by) any Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness or other payment
Obligations (provided that, if the Person has not assumed or otherwise become liable in respect of such Debt, such Debt shall be deemed to be in an amount equal to the lesser of (x) the aggregate unpaid amount of Debt secured by such
Lien and (y) the fair market value of the property to which such Lien relates). The Debt of any Person shall include the Debt of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is
liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Debt provide that such Person is not liable therefor. 

“Default” means any Event of Default or any event that would constitute an Event of Default but for the passage of
time or the requirement that notice be given or both. 
 “Default Interest” has the meaning set forth in
Section 2.06(b). 
 “Delayed-Draw Availability Period” means the period commencing on the Effective Date and
ending on the earlier to occur of (a) 5:00 p.m., Central Time, on December 31, 2014 and (b) the first date on which the Commitments shall have been fully utilized or otherwise terminated. 

“Delayed-Draw Commitment” means the amount by which $300,000,000 exceeds the initial principal amount of the Initial
Term Loan borrowed on the Effective Date. 
 “Delayed-Draw Term Loan” has the meaning specified in
Section 2.01(a). 
 “Delayed-Draw Term Loan Effective Date” means the day on which the Delayed-Draw Term Loan
is borrowed. 

  
 5 

 “Designated Person” is defined in Section 4.01(q)(ii)(B). 

“Disqualified Equity Interests” means any Equity Interest that, by its terms (or by the terms of any security into
which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event or condition, (a) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or
otherwise, or (b) is redeemable at the option of the holder thereof, or (c) provides for the scheduled payment of dividends in cash, or (d) is or becomes convertible into or exchangeable for Debt or any other Equity Interests that
would constitute Disqualified Equity Interests, in each case, in whole or in part, on or prior to the date that is six months after the latest Termination Date (other than customary offers to repurchase upon a change of control, asset sale or event
of loss and customary acceleration right after an event of default); provided, that only the portion of such Equity Interests which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option
of the holder thereof prior to such date shall be deemed to be Disqualified Equity Interests. Subject to the preceding proviso, the term “Disqualified Equity Interests” will also include any options, warrants or other rights that are
convertible into Disqualified Equity Interests or that are redeemable at the option of the holder, or required to be redeemed, prior to the date that is six months after the latest Termination Date. 

“Effective Date” means October 22, 2014. 

“Environmental Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or violation,
notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, any Environmental Permit or Hazardous Material or arising from alleged injury or threat to the
environment or health and safety as such relates to exposure to Hazardous Material, including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or damages
and (b) by any governmental or regulatory authority or third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief. 

“Environmental Law” means any Federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order,
writ, judgment, injunction, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, natural resources or health and safety as such relates to exposure to Hazardous Material, including,
without limitation, those relating to the use, handling, transportation, treatment, storage, disposal, release or discharge of Hazardous Materials. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Parent, the Borrower or any Restricted Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use,
handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract,
agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

  
 6 

 “Environmental Permit” means any permit, approval, identification number,
license or other authorization required under any Environmental Law. 
 “Equity Interests” means, with respect to
any Person, shares of capital stock of (or other ownership or profit interests in) such Person, warrants, options or other rights for the purchase or other acquisition from such Person of shares of capital stock of (or other ownership or profit
interests in) such Person, securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or other acquisition from such Person of
such shares (or such other interests), and other ownership or profit interests in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants,
options, rights or other interests are authorized or otherwise existing on any date of determination. 
 “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 

“ERISA Event” means (a) any Reportable Event; (b) a determination that any Plan is in “at risk”
status (within the meaning of Section 303 of ERISA); (c) the filing pursuant to Section 412(c) of the Internal Revenue Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to
any Plan; (d) the incurrence by the Parent or any member of the Controlled Group of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Parent or any member of the Controlled Group from
the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or to appoint a trustee to administer any Plan; (f) the incurrence by the Parent or any member of the Controlled Group of any liability with respect
to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (g) the receipt by the Parent or any member of the Controlled Group of any notice, or the receipt by any Multiemployer Plan from the Parent or any member of the
Controlled Group of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA or has been determined
to be in “endangered” or “critical” status (within the meaning of Section 432 of the Internal Revenue Code or Section 305 of ERISA); or (h) the conditions for the imposition of a lien under Section 303(k) of
ERISA shall have been met with respect to any Plan. 
 “Eurocurrency Liabilities” has the meaning specified in
Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 
 “Eurodollar
Rate” means, for any Interest Period, an interest rate per annum equal to the rate per annum obtained by dividing (a) the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on the LIBOR01 Page
published by Reuters (or any successor page) that displays the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over administration of such rate) for deposits in U.S. dollars (for
delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 A.M. (London time) two Business Days before the first day of such Interest Period (provided that, if
for any reason such rate does not appear on such page or service or such page or service shall not be available, 

  
 7 

 
the term “Eurodollar Rate” shall mean the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the rate determined by the Lender to be the offered
rate on such other page or other service that displays the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over administration of such rate) for deposits in U.S. dollars (for delivery
on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period) by (b) a percentage equal
to 100% minus the Eurodollar Rate Reserve Percentage for such Interest Period. 
 “Eurodollar Rate Loan” means a
Loan during such time as such Loan bears interest as provided in Section 2.06(a)(ii). 
 “Eurodollar Rate Reserve
Percentage” for any Interest Period for a Eurodollar Rate Loan means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors
of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in
New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate
Loans is determined) having a term equal to such Interest Period. 
 “Events of Default” has the meaning specified
in Section 6.01. 
 “Excluded Taxes” means, with respect to the Lender, (a) income or franchise Taxes
imposed on (or measured by) its net income by the United States of America, (b) any branch profits Tax imposed by the United States of America or any similar Tax imposed by any other jurisdiction in which a Loan Party is located, (c) Taxes
imposed as a result of the Lender’s failure to comply with Section 2.10(d)(ii) or 2.10(e), in each case to the extent such Taxes exceed the Taxes that would have otherwise been imposed had the Lender complied with such subsections, and
(d) any U.S. federal withholding Tax imposed pursuant to FATCA. 
 “Executive Order” is defined in
Section 4.01(q)(i). 
 “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of
this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to
current Section 1471(b)(1) of the Revenue Code (or any amended or successor version described above) and any intergovernmental agreements (and related legislation or official administrative guidance) implementing the foregoing. 

“Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such
period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next
preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by the Lender from three Federal
funds brokers of recognized standing selected by it. 

  
 8 

 “Fee Letter” means the fee letter dated as of September 22, 2014
between the Borrower and the Lender. 
 “Fiscal Year” means a fiscal year of the Parent and its Consolidated
Subsidiaries ending on December 31 in any calendar year. 
 “Foreign Subsidiary” means any Subsidiary that is
organized under the laws of a jurisdiction other than the United States of America, any state thereof or the District of Columbia. 

“GAAP” has the meaning specified in Section 1.03. 

“Governmental Authority” means the government of the United States of America, Mexico, Luxembourg or any other nation,
or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Governmental Authorization” means any authorization, approval, consent, franchise, license, covenant, order, ruling,
permit, certification, exemption, notice, declaration or similar right, undertaking or other action of, to or by, or any filing, qualification or registration with, any Governmental Authority. 

“Guaranteed Obligations” has the meaning specified in Section 7.01(a). 

“Guaranty” means the guaranty made by the Guarantors in Article VII. 

“Guarantors” means the Parent and the Subsidiary Guarantors. 

“Guaranty Supplement” has the meaning specified in Section 7.05. 

“Hacienda” means the Secretaría de Hacienda y Crédito Publico (Ministry of Finance and Public
Credit) of Mexico. 
 “Hazardous Materials” means (a) petroleum or petroleum products, by-products or breakdown
products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls, greenhouse gases and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic or as a
pollutant or contaminant under any Environmental Law. 
 “Hedge Agreement” means interest rate swap, cap or collar
agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts, commodity price hedging agreements and arrangements and other hedging agreements. 

  
 9 

 “Indemnified Party” has the meaning specified in Section 8.04(b).

 “Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Initial Commitment” means the obligation of the Lender to make the Initial Term Loan on the Effective Date in a
principal amount not to exceed $300,000,000. 
 “Initial Term Loan” has the meaning specified in
Section 2.01(a). 
 “Interest Period” means, for any Eurodollar Rate Loan, the period commencing on the
applicable Borrowing Date, and ending on the last day of the period applicable pursuant to the provisions below and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last
day of the period applicable pursuant to the provisions below. The duration of each such Interest Period shall be three months; provided, however, that: 

(a) whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period
shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest
Period shall occur on the next preceding Business Day; and 
 (b) whenever the first day of any Interest Period occurs on a day of an initial
calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the
last Business Day of such succeeding calendar month. 
 “Internal Revenue Code” means the Internal Revenue Code of
1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “Interstate Commerce
Act” means the Interstate Commerce Commission Termination Act of 1995, and the regulations promulgated thereunder. 

“Investment” in any Person means any loan or advance to such Person, any purchase or other acquisition of any Equity
Interests or Debt or the assets comprising a division or business unit or a substantial part or all of the business of such Person, any capital contribution to such Person or any other direct or indirect investment in such Person, including, without
limitation, any acquisition by way of a merger or consolidation (or similar transaction) and any arrangement pursuant to which the investor incurs any Contingent Obligation in respect of such person or Debt of the types referred to in
clause (h) of the definition of “Debt” in respect of such Person. The amount of any Investment shall be the original principal or capital amount thereof less all returns of principal or equity thereon and shall, if made by the
transfer or exchange of property other than cash, be deemed to have been made in an original principal or capital amount equal to the fair market value of such property at the time of such Investment. 

“KCSM” means Kansas City Southern de México, S.A. de C.V., a corporation with variable capital (sociedad
anónima de capital variable) organized under the laws of Mexico. 

  
 10 

 “KCSM Credit Agreement” means that certain Second Amended and Restated
Credit Agreement, dated as of November 29, 2012 and as amended through the date hereof, among KCSM, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the other financial institutions from
time to time party thereto, as in effect on the Effective Date. 
 “KCSR” means The Kansas City Southern Railway
Company, a Missouri corporation. 
 “KCSR Credit Agreement” means that certain Second Amended and Restated Credit
Agreement, dated as of November 21, 2012 and as amended through the date hereof, among KCSR, the Parent, the subsidiary guarantors party thereto, the lenders party thereto, The Bank of Nova Scotia, as administrative agent and collateral agent,
and the other financial institutions from time to time party thereto, as in effect on the Effective Date. 

“Lender” has the meaning specified in the recital of the parties to this Agreement. 

“Lien” means any lien, security interest or other charge or encumbrance of any kind, including, without limitation,
the lien or retained security title of a conditional vendor. 
 “Loan” means, collectively, the Initial Term Loan
and the Delayed-Draw Term Loan. 
 “Loan Documents” means (i) this Agreement and (ii) the Note, in each
case as amended. 
 “Loan Parties” means the Parent, the Borrower and the Subsidiary Guarantors. 

“Luxembourg” means the Grand Duchy of Luxembourg. 

“Luxembourg Companies Register” means the Luxembourg trade and companies register (Registre de Commerce et des
Sociétés, Luxembourg). 
 “Luxembourg Guarantor” has the meaning specified in Section 7.08.

 “Luxembourg Loan Party” means the Borrower and any other Loan Party whose registered office or place of central
administration is located in Luxembourg. 
 “Margin Stock” has the meaning specified in Regulation U. 

“Material Adverse Change” means any material adverse change in the business, financial condition, operations,
performance or properties of the Parent and its Subsidiaries, taken as a whole. 
 “Material Adverse Effect” means a
material adverse effect on (a) the business, condition (financial or otherwise), operations, performance, properties or prospects of the Parent and its Subsidiaries, taken as a whole, (b) the rights and remedies of the Lender under any
Loan Document or (c) the ability of any Loan Party to perform its Obligations under any Loan Document to which it is or is to be a party. 

  
 11 

 “Material Debt” means (i) Debt incurred under the KSCM Credit
Agreement in an aggregate principal amount exceeding $20,000,000, (ii) Debt incurred under the KCSR Credit Agreement in an aggregate principal amount exceeding $20,000,000, (iii) other Debt (other than the Obligations hereunder) of
the Parent or its Restricted Subsidiaries in an aggregate principal amount exceeding $40,000,000 or (iv) obligations in respect of any Hedge Agreement of the Parent or its Restricted Subsidiaries in an aggregate principal amount exceeding
$40,000,000. For purposes of determining Material Debt, the “principal amount” of the obligations of the Parent or any Restricted Subsidiary in respect of any Hedge Agreement at any time shall be the maximum aggregate amount (giving effect
to any netting agreements) that the Parent or such Restricted Subsidiary would be required to pay if such Hedge Agreement were terminated at such time. 

“Material Real Property” means any real property owned in fee by any Loan Party with a fair market value in excess of
$5,000,000 and any material easements, servitudes, rights-of-way and related appurtenances of any Loan Party relating to rail lines that are material to the rail business of such Loan Party. 

“Mexican Financial Institution” means an institución de banca múltiple or an
institución de banca de desarrollo organized or created, as appropriate, and existing pursuant to and in accordance with the laws of Mexico and authorized to engage in the business of banking by Hacienda. 

“Mexico” means the Estados Unidos Mexicanos (United Mexican States). 

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

“Multiemployer Plan” means a Plan that is a “multiemployer plan” as defined in Section 4001(a)(3) of
ERISA as to which the Parent or any member of the Controlled Group may have any liability. 
 “Net Asset” has the
meaning specified in Section 7.08. 
 “Note” means a promissory note of the Borrower payable to the order of
the Lender evidencing the indebtedness of the Borrower to the Lender resulting from a Loan of a particular Class made by the Lender hereunder. 

“Notice of Borrowing” has the meaning specified in Section 2.02(a). 

“Obligation” means, with respect to any Person, any payment, performance or other obligation of such Person of any
kind, including, without limitation, any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed,
undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 6.01(f). Without limiting the generality of the foregoing, the Obligations of
any Loan Party under the Loan Documents include (a) the obligation to pay principal, interest (including, without limitation, Post Petition Interest), charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other
amounts payable by such Loan Party under any Loan Document and (b) the obligation of such Loan Party to reimburse any amount in respect of any of the foregoing that the Lender, in its sole discretion, may elect to pay or advance on behalf of
such Loan Party. 

  
 12 

 “Other Taxes” means any and all present or future recording, stamp,
documentary, excise, transfer, sales, property, or similar taxes, charges or levies arising from any payment made hereunder or under the Note or under any other Loan Document or from the execution, delivery, registration or enforcement of, or
otherwise with respect to, this Agreement, the Note or any other Loan Document, other than Luxembourg registration duties (droits d’enregistrement) payable due to a registration, submission or filing by the Lender of any Loan Document,
except if such registration, submission or filing is required to maintain, establish, enforce or preserve the rights of the Lender under such Loan Document. 

“Parent” has the meaning specified in the recital of parties to this Agreement. 

“Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. 
 “PBGC” means the Pension
Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. 

“Permitted Liens” means such of the following as to which no enforcement, collection, execution, levy or foreclosure
proceeding shall have been commenced: (a) Liens for taxes, assessments and governmental charges or levies to the extent not required to be paid under the KCSR Credit Agreement; (b) Liens imposed by law, such as materialmen’s,
mechanics’, carriers’, workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary course of business securing obligations that (i) are not overdue for a period of more than 90 days or which are being
contested in good faith by appropriate proceedings and (ii) individually or together with all other Permitted Liens outstanding on any date of determination do not materially adversely affect the use of the property to which they relate;
(c) pledges or deposits in the ordinary course of business, to secure obligations under workers’ compensation laws or similar legislation, or to secure public or statutory obligations; (d) deposits to secure the performance of bids,
trade contracts and leases (other than Debt), statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business;
(e) Liens securing judgments (or the payment of money not constituting a Default under Section 6.01(g)) or securing appeal or other surety bonds related to such judgments; (f) easements, rights-of-way, zoning restrictions, minor
defects or irregularities in title and other similar encumbrances not interfering in any material respect with the value or use of the property to which such Lien is attached or with the Parent’s, the Borrower’s or Restricted
Subsidiary’s ability to conduct its business as currently conducted or to utilize such property for its intended purpose, (g) licenses, leases or subleases granted to others that do not materially interfere with the ordinary course of the
business; (h) Liens on assets of the Parent, the Borrower or their Restricted Subsidiaries securing reimbursement obligations with respect to letters of credit permitted by Section 5.02(b)(i)(C) of the KCSR Credit Agreement or with respect
to commercial or trade letters of credit that encumber documents and other property relating to such letters of credit and the products and proceeds thereof; (i) Liens in favor of customs and revenue authorities arising as a

  
 13 

 
matter of law to secure payment of customs duties in connection with the import of goods; (j) Liens on assets of the Parent, the Borrower or their Restricted Subsidiaries, securing Debt
permitted by Section 5.02(b)(i)(N) of the KCSR Credit Agreement (to the extent that such Debt was previously secured by a Lien on such assets); (k) Liens granted in connection with a defeasance of Debt permitted by Section 5.02(b) (to
the extent applicable) of the KCSR Credit Agreement on assets of the Parent, the Borrower or their Restricted Subsidiaries created in favor of a trustee in cash or Cash Equivalents in connection with and as a condition to the defeasance of such
Debt; (l) Liens of the type described in Section 4-210 of the Uniform Commercial Code (or any similar provision of applicable law) or created under the deposit agreements, treasury management agreements, credit card merchant agreements or
similar agreements relating to any account included with the definition of Cash Equivalent; Liens created under any “Loan Documents”, as defined in the KCSR Credit Agreement or the KCSM Credit Agreement; and (n) Liens not expressly
permitted under clauses (a) through (l) of this definition or under Section 5.02(a) of the KCSR Credit Agreement (excluding Section 5.02(a)(ii) of the KCSR Credit Agreement) securing Debt in the aggregate principal amount of not
more than $10,000,000 at any time. 
 “Person” means an individual, partnership, corporation (including a business
trust), limited liability company, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 

“Plan” means any employee pension benefit plan that is covered by Title IV of ERISA or subject to the minimum funding
standards under Section 412 of the Internal Revenue Code as to which the Parent or any member of the Controlled Group may have any liability. 

“Post Petition Interest” has the meaning specified in Section 7.06(b). 

“Railway Labor Act” means the Railway Labor Act, as amended from time to time. 

“Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System, as in effect from time
to time. 
 “Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System, as in
effect from time to time. 
 “Regulation X” means Regulation X of the Board of Governors of the Federal Reserve
System, as in effect from time to time. 
 “Related Indemnified Party” of an Indemnified Party means (a) any
Subsidiary of such Indemnified Party, (b) the respective directors, officers or employees of such Indemnified Party or any of its Subsidiaries and (c) the respective agents of such Indemnified Party or any of its Subsidiaries, in the case
of this clause (c), acting at the instructions of such Indemnified Party. 
 “Reportable Event” means any reportable
event as defined in Section 4043 of ERISA and the regulations issued under such Section with respect to a Plan (other than a Multiemployer Plan), excluding, however, such events as to which the PBGC by regulation or by technical update waived
the requirement of Section 4043(a) of ERISA that it be notified within 30 days of the occurrence of such event; provided that a failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code and of
Section 302 of ERISA shall be a Reportable Event regardless of the issuance of any waiver in accordance with Section 412(c) of the Internal Revenue Code or Section 302(c) of ERISA. 

  
 14 

 “Restricted Subsidiary” means any Subsidiary that is not an Unrestricted
Subsidiary. 
 “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. 

“Sanctioned Country” is defined in Section 4.01(q)(ii)(D). 

“Sanctions” is defined in Section 4.01(q)(ii)(D). 

“Sanctions List” is defined in Section 4.01(q)(ii)(B). 

“SEC” means the Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal
functions. 
 “Securitization Transaction” means any transfer by the Borrower or any Restricted Subsidiary of
accounts receivable or interests therein (a) to a trust, partnership, corporation or other entity, which transfer is funded in whole or in part, directly or indirectly, by the incurrence or issuance by the transferee or any successor transferee
of Debt or other securities that are to receive payments from, or that represent interests in, the cash flow derived from such accounts receivable or interests or (b) directly to one or more investors or other purchasers; provided that
recourse to the Parent or any of its Restricted Subsidiaries in connection with such transaction shall be limited to the extent customary for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner
consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to such transfer). The amount of any Securitization Transaction shall be deemed at any time to be the aggregate principal or stated amount of
the Debt or other securities referred to in the preceding sentence or, if there shall be no such principal or stated amount, the uncollected amount of the accounts receivable transferred pursuant to such Securitization Transaction net of any such
accounts receivable that have been written off as uncollectible. 
 “Solvent” and “Solvency”
mean, with respect to any Person on a particular date, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person,
(b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not
intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in business or a transaction, and is not about to
engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Subordinated Obligations” has the meaning specified in Section 7.06. 

  
 15 

 “Subsidiary” of any Person means any corporation, partnership, joint
venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation
(irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such partnership, joint
venture or limited liability company or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of
such Person’s other Subsidiaries. Unless otherwise specified, all references herein to a “Subsidiary” or “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Parent. 

“Subsidiary Guarantors” means (a) KCSR and (b) the other Restricted Subsidiaries of the Parent listed on
Schedule I hereto and each other Restricted Subsidiary of the Parent that shall be required to execute and deliver a guaranty pursuant to the KCSR Credit Agreement. 

“Subsidiary Redesignation” has the meaning specified in the definition of “Unrestricted
Subsidiary”. 
 “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges and all liabilities with respect thereto (including any interest, additions to tax or penalties), imposed by any Governmental Authority. 

“Termination Date” means, (a) with respect to the Initial Term Loan, the date that is 90 days after the Effective
Date and (b) with respect to the Delayed-Draw Term Loan, the date that is 90 days after the Delayed-Draw Term Loan Effective Date. 

“Transactions” means the transactions contemplated by this Agreement and the other Loan Documents. 

“Uniform Commercial Code” means the Uniform Commercial Code as the same may from time to time be in effect in the
State of New York. 
 “United States” and “U.S.” mean the United States of America. 

“Unrestricted Subsidiary” means (a) until it is redesignated as a Restricted Subsidiary pursuant to a Subsidiary
Redesignation, each Subsidiary of the Parent listed on Schedule II, (b) each Foreign Subsidiary of the Parent and each Subsidiary of the Parent (in each case, other than the Borrower) whose sole assets (except for immaterial assets to the
extent necessary for tax planning and similar purposes) are direct or indirect Equity Interests in Kansas City Southern de México, S.A. de C.V. or NAFTA Rail, S.A. de C.V. and (c) any Subsidiary of the Parent (other than the Borrower)
that is designated by the Borrower after the Effective Date as an Unrestricted Subsidiary hereunder by written notice to the Lender if such Subsidiary shall have been designated an “unrestricted subsidiary” (or otherwise not be subject to
the covenants and defaults) under the KCSR Credit Agreement. The Borrower may designate any Unrestricted Subsidiary (other than any described in clause (b) above) to be a Restricted Subsidiary for purposes of this Agreement (each, a
“Subsidiary Redesignation”); provided, that (1) such 

  
 16 

 
Unrestricted Subsidiary, both before and after giving effect to such designation, shall be a wholly owned Subsidiary of the Parent, (2) no Default has occurred and is continuing or would
result therefrom, (3) on a pro forma basis after giving effect to each such designation, the Parent shall be in compliance with the financial covenants set forth in the KCSR Credit Agreement as of the last day of the most recently ended fiscal
quarter, (4) all representations and warranties contained herein and in the other Loan Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of
the date of such Subsidiary Redesignation (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of
such earlier date, and (5) the Borrower shall have delivered to the Lender an officer’s certificate executed by an officer of the Borrower certifying compliance with the requirements of preceding clauses (1) through (4), inclusive,
and containing the calculations and information required by the preceding clause (3). 
 “Voting Interests” means
shares of capital stock issued by a corporation, or equivalent Equity Interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar
functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency. 
 “Withdrawal
Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

Section 1.02. Computation of Time Periods; Other Definitional Provisions. In this Agreement and the other Loan Documents in the
computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean
“to but excluding”. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter
forms. The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any reference herein to any Person shall be construed to include
such Person’s successors and assigns, (ii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such
Loan Document in its entirety and not to any particular provision thereof, (iii) all references in a Loan Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear, (iv) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting
such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, (v) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) any definition of or
reference to any agreement, instrument or other document (other than the KCSR Credit Agreement and other than the KCSM Credit Agreement) shall be construed as referring to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document). 

  
 17 

 Section 1.03. Accounting Terms. (a) All accounting terms not specifically
defined herein shall be construed in accordance with generally accepted accounting principles consistent with those applied in the preparation of the financial statements referred to in Section 4.01(g) (“GAAP”);
provided that, notwithstanding any of the foregoing, if any change in GAAP would recharacterize an operating lease as a capital lease or treat a new lease that except for such change would have been characterized as an operating lease, as a
capital lease, such change shall be disregarded. 
 (b) If after the Effective Date any change in GAAP would affect the computation of any
requirement set forth in any Loan Document, and the Borrower shall so request, the Lender and the Borrower shall negotiate in good faith to amend such requirement to preserve the original intent thereof in light of such change in GAAP;
provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein. 

Section 1.04. Luxembourg Terms Without prejudice to the generality of any provision of this Agreement, in this Agreement, where it
relates to a Luxembourg Loan Party, a reference to: (a) a winding-up, administration or dissolution includes, without limitation, bankruptcy (faillite), insolvency, liquidation, composition with creditors (concordat préventif
de faillite), moratorium or reprieve from payment (sursis de paiement), controlled management (gestion contrôlée), fraudulent conveyance (action paulienne), general settlement with creditors, reorganization or
similar laws affecting the rights of creditors generally; (b) a receiver, administrative receiver, administrator, trustee, custodian, sequestrator, conservator or similar officer includes, without limitation, a juge
délégué, commissaire, juge-commissaire, mandataire ad hoc, administrateur provisoire, liquidateur or curateur; (c) a lien or security interest includes any hypothèque,
nantissement, gage, privilege, sûreté réelle, droit de rétention, and any type of security in rem (sûreté réelle) or agreement or arrangement having a similar effect and any transfer of title
by way of security; (d) a person being unable to pay its debts includes that person being a state of cessation de paiements; (e) creditors process means an executory attachment (saisie exécutoire) or conservatory
attachment (saisie conservatoire); (f) a guarantee includes any garantie which is independent from the debt to which it relates and excludes any suretyship (cautionnement) within the meaning of Articles 2011 and seq. of the
Luxembourg Civil Code; (g) by-laws or constitutional documents includes its up-to-date (restated) articles of association (statuts coordonnés) and (h) a director includes an administrateur or a gérant (as
applicable). 
 Section 1.05. Currency Equivalents Generally. Any amount specified in this Agreement (other than in
Articles II and VIII) or any of the other Loan Documents to be in U.S. dollars shall also include the equivalent of such amount in any currency other than U.S. dollars, such equivalent amount to be determined at the rate of exchange quoted by
The Bank of Tokyo-Mitsubishi UFJ, Ltd. in New York, New York at the close of business on the Business Day immediately preceding any date of determination thereof, to prime banks in New York, New York for the spot purchase in the New York foreign
exchange market of such amount in U.S. dollars with such other currency. 

  
 18 

 ARTICLE II 

AMOUNTS AND TERMS OF THE LOANS 

Section 2.01. The Loans. (a) Subject to the terms and conditions hereof, the Lender agrees to make a term loan in a single
advance (the “Initial Term Loan”) to the Borrower on the Effective Date in an amount not exceeding the Initial Commitment. Subject to Section 2.08(c), the Initial Term Loan shall be comprised of a Eurodollar Rate Loan
with an Interest Period of three months. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. 
 (b)
Subject to the terms and conditions hereof, the Lender agrees to make a term loan in a single advance (the “Delayed-Draw Term Loan”) to the Borrower at any time during the Delayed-Draw Availability Period in an amount not
exceeding the Delayed-Draw Commitment, to the extent same is greater than $0. Subject to Section 2.08(c), the Delayed-Draw Term Loan shall be comprised of a Eurodollar Rate Loan with an Interest Period of three months. Amounts borrowed under
this Section 2.01(b) and repaid or prepaid may not be reborrowed. 
 Section 2.02. Making the Loan. (a) Each Loan
shall be made on notice, given not later than 1:00 P.M. (New York City time) on the third Business Day prior to the proposed Borrowing Date, by the Borrower to the Lender. The request for a Loan (a “Notice of
Borrowing”) shall be by telephone, confirmed immediately in writing, or telex, telecopier or other form of electronic communication, in substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such
Loan, (ii) amount of such Loan and (iii) Class of such Loan. The Lender shall, before 2:00 P.M. (New York City time) on the Effective Date, upon fulfillment (or waiver by the Lender) of the applicable conditions set forth in
Article III, make such funds available to the Borrower by crediting the Borrower’s Account. 
 (b) Except as contemplated in
Exhibit B hereto with respect to the borrowing of Initial Term Loans, each Notice of Borrowing shall be irrevocable and binding on the Borrower. The Borrower shall indemnify the Lender against any loss, cost or expense incurred by the Lender as a
result of any failure to fulfill on or before the date specified in such Notice of Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or
redeployment of deposits or other funds acquired by the Lender to fund the applicable Loan when such Loan, as a result of such failure, is not made on the applicable Borrowing Date. 

Section 2.03. Repayment of the Loan. (a) The Borrower shall repay to the Lender on the Termination Date applicable thereto a
principal amount in respect of the Initial Term Loan equal to the then outstanding principal amount of the Initial Term Loan. 
 (b) The
Borrower shall repay to the Lender on the Termination Date applicable thereto a principal amount in respect of the Delayed-Draw Term Loan equal to the then outstanding principal amount of the Delayed-Draw Term Loan. 

  
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 Section 2.04. Termination of the Commitments. (a) Upon the funding of the
Initial Term Loan on the Effective Date pursuant to Section 2.01(a), the Initial Commitment of the Lender shall be reduced to zero. 

(b) Upon the funding of the Delayed-Draw Term Loan on the Delayed-Draw Term Loan Effective Date pursuant to Section 2.01(b), the
Delayed-Draw Commitment of the Lender shall be reduced to zero. 
 Section 2.05. Prepayments. No Loans may be voluntarily
prepaid prior to the Termination Date applicable thereto without the prior written consent of the Lender. 
 Section 2.06.
Interest. (a) Scheduled Interest. Subject to Section 2.08(c), the Borrower shall pay interest on the unpaid principal amount of each Loan from the Borrowing Date of such Loan until such principal amount shall be paid in full,
at a rate per annum equal at all times during each Interest Period for such Loan to the sum of (A) the Eurodollar Rate for such Interest Period for such Loan plus (B) the Applicable Margin in effect on the first day of such Interest
Period, payable in arrears on the last day of such Interest Period. 
 (b) Default Interest. Upon the occurrence and during the
continuance of an Event of Default under Section 6.01(a) the Lender may require that the Borrower shall pay interest (“Default Interest”) on (i) the unpaid overdue principal amount of the Loans, payable in arrears
on the dates referred to in Section 2.06(a) or, if required by the Lender, on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on the Loans pursuant to Section 2.06(a) (or, to
the extent applicable, Section 2.08(c)), and (ii) to the fullest extent permitted by applicable law, the amount of any interest, fee or other amount payable under this Agreement or any other Loan Document that is not paid when due, from
the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full or, if required by the Lender, on demand, at a rate per annum equal at all times to 2% per annum above
the rate per annum required to be paid on the Loans, in the case of interest, pursuant to Section 2.06(a) (or, to the extent applicable, Section 2.08(c)); provided, however, that following the acceleration of any Loans, or
the giving of notice by the Lender to accelerate any Loans, pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder on demand by the Lender whether or not previously required by the Lender. 

(c) Notice of Interest Period and Interest Rate. Promptly after receipt of a Notice of Borrowing with respect to any Loans or upon
commencement of an Interest Period with respect to any Loans pursuant to the terms of the definition of “Interest Period”, the Lender shall give notice to the Borrower of the applicable interest rate determined by the Lender
for purposes of clause (a) above. 
 Section 2.07. [Reserved]. 

Section 2.08. Increased Costs, Etc. (a) If, due to either (i) any Change in Law or (ii) the compliance with any
guideline or request from any central bank or other Governmental Authority (whether or not having the force of law) after the date of this Agreement, there shall be any increase in the cost to the Lender of agreeing to make or of making, funding or
maintaining 

  
 20 

 
any Eurodollar Rate Loan (excluding, for purposes of this Section 2.08, any such increased costs resulting from (x) Taxes or Other Taxes (as to which Section 2.10 shall govern) and
(y) changes in the basis of taxation of overall net income or overall gross income by the United States or by the state under the laws of which the Lender is organized or any political subdivision thereof), then the Borrower shall from time to
time, upon demand by the Lender, pay to the Lender additional amounts sufficient to compensate the Lender for such increased cost; provided, however, that the Borrower shall not be responsible for costs under this Section 2.08(a)
arising more than 180 days prior to the receipt by the Borrower of the demand from the Lender pursuant to this Section 2.08(a). A certificate as to the amount of such increased cost, submitted to the Borrower by the Lender, shall be conclusive
and binding for all purposes, absent manifest error. 
 (b) If the Lender determines that any Change in Law affects or would affect the
amount of capital or liquidity required or expected to be maintained by the Lender and that the amount of such capital or liquidity is increased by or based upon the existence of the Lender’s Commitments (or similar contingent obligations) (and
a similar reserve requirement is not already reflected in the definition of “Eurodollar Rate”), then, upon demand by the Lender, the Borrower shall pay to the Lender, from time to time as specified by the Lender, additional
amounts sufficient to compensate the Lender in the light of such circumstances, to the extent that the Lender reasonably determines such increase in capital or liquidity to be allocable to the Commitments or the Loans; provided further that
the borrower shall not be responsible for costs under this Section 2.10(b) arising more than 180 days prior to receipt by the Borrower or the demand from the lender pursuant to the Section 2.10(b). A certificate as to such amounts
submitted to the Borrower by the Lender shall be conclusive and binding for all purposes, absent manifest error. 
 (c) Notwithstanding any
other provision of this Agreement, if any Change in Law shall make it unlawful, or any central bank or other Governmental Authority shall assert that it is unlawful, for the Lender to perform its obligations hereunder to make a Eurodollar Rate Loan
or to continue to maintain a Eurodollar Rate Loan hereunder, then, on notice thereof and demand therefor by the Lender to the Borrower, such Eurodollar Rate Loan will automatically, upon such demand, convert into a Loan bearing interest at a rate
per annum equal to the Base Rate plus 0.25% per annum until the Lender shall notify the Borrower that the Lender has determined that the circumstances causing such suspension no longer exist; provided, however, that, before making
any such demand, Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different lending office if the making of such a designation would allow the Lender or its lending
office to continue to perform its obligations to maintain such Eurodollar Rate Loan and would not, in the judgment of the Lender, be otherwise disadvantageous to the Lender. 

Section 2.09. Payments and Computations. (a) The Borrower shall make each payment hereunder and under each Note, irrespective
of any right of counterclaim or set-off, not later than 11:00 A.M. (New York City time) on the day when due in U.S. dollars to the Lender at an account notified by the Lender to the Borrower in writing from time to time in same day funds,
with payments being received by the Lender after such time being deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. 

  
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 (b) The Borrower hereby authorizes the Lender and each of its Affiliates, if and to the extent
payment owed to the Lender is not made when due hereunder or under the Note to charge from time to time, to the fullest extent permitted by law, against any or all of the Borrower’s accounts with the Lender or such Affiliate any amount so due.

 (c) All computations of interest based on the Base Rate shall be made by the Lender on the basis of a year of 365 or 366 days, as the case
may be, and all computations of interest based on the Eurodollar Rate or the Federal Funds Rate and of fees shall be made by the Lender on the basis of a year of 360 days, in each case for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest, fees or commissions are payable. Each determination by the Lender of an interest rate, fee or commission hereunder shall be conclusive and binding for all purposes, absent
manifest error. 
 (d) Whenever any payment hereunder or under the Notes shall be stated to be due on a day other than a Business Day, such
payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest; provided, however, that, if such extension would cause payment of interest
on or principal of the Eurodollar Rate Loan to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 

Section 2.10. Taxes. (a) Any and all payments by or on account of any obligation of any Loan Party hereunder or under the
Notes or any other Loan Document shall be made free and clear of and without deduction for any Taxes, except as required by applicable law; provided that if any Loan Party shall be required by law to deduct any Taxes from such payments, then
(i) if such Taxes are Indemnified Taxes, the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Lender receives an amount
equal to the sum it would have received had no such deductions been made, (ii) such Loan Party shall make such deductions and (iii) such Loan Party shall timely pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law. 
 (b) In addition, a Loan Party shall pay any Other Taxes to the relevant Governmental Authority in
accordance with applicable law. 
 (c) Each Loan Party shall indemnify the Lender, within 10 days after written demand therefor, for the full
amount of any Indemnified Taxes or Other Taxes payable or paid by the Lender on or with respect to, or required to be withheld or deducted from, any payment by or on account of any obligation of such Loan Party hereunder or under the Notes or under
any other Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether
or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to a Loan Party by the Lender shall be
conclusive absent manifest error. 

  
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 (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Loan
Party to a Governmental Authority, such Loan Party shall deliver to the Lender the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence
of such payment reasonably satisfactory to the Lender. 
 (i) The Lender shall from time to time, at the request of the
Borrower, furnish to the Borrower such documentation required under applicable Luxembourg law as may be reasonably required to establish any available exemption from, or reduction in the amount of, otherwise applicable Indemnified Taxes imposed
under the laws of Luxembourg, to the extent applicable; provided, that (i) such documentation is consistent with applicable Luxembourg law and (ii) such documentation would not, in the judgment of Lender, require Lender to disclose
any confidential or proprietary information or otherwise be disadvantageous to such Lender; provided, further, that such documentation shall not be considered disadvantageous solely by virtue of administrative inconvenience to the Lender. The
Borrower shall be entitled to rely upon the accuracy of any such documentation furnished to it by Lender and shall have no obligation to indemnify such Lender for any incremental Taxes, interest or penalties that may become payable by such Lender
solely as a result of any inaccuracy contained therein or the Lender’s failure to furnish such documentation. 
 (ii) If
a payment made to the Lender under any Loan Document would be subject to withholding Tax imposed pursuant to FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower at the time or times prescribed by law and at such time or times reasonably requested by the Borrower such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrower as may be necessary for the Borrower to comply with their
obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause Section 2.10(e),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (e) The Lender, which is not a Mexican
Financial Institution, shall from time to time, at the request of the Borrower, furnish to the Borrower such documentation required under applicable Mexican law as may be reasonably required to establish any available exemption from, or reduction in
the amount of, otherwise applicable Indemnified Taxes imposed under the laws of Mexico, to the extent applicable; provided, that (i) such documentation is consistent with applicable Mexican law and (ii) such documentation would not,
in the judgment of Lender, require Lender to disclose any confidential or proprietary information or otherwise be disadvantageous to such Lender; provided, further, that such documentation shall not be considered disadvantageous solely
by virtue of administrative inconvenience to Lender. 
 (f) If the Lender determines, in its sole discretion, that it has finally and
irrevocably received a refund or credit of any Taxes as to which it has been indemnified pursuant to this Section 2.10 (including by the payment of additional amounts pursuant to this Section 2.10), it shall pay to the applicable Loan
Party an amount equal to such refund (but only 

  
 23 

 
to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes imposed on such refund) of
the Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such Loan Party, upon the request of the Lender, shall repay to the Lender the amount paid over pursuant to this
paragraph (g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that the Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary
in this paragraph (g), in no event will the Lender be required to pay any amount to a Loan Party pursuant to this paragraph (g) the payment of which would place the Lender in a less favorable net after-Tax position than the Lender would have
been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This paragraph shall not be construed to require the Lender to make available its Tax returns (or any other information relating to its
Taxes that it deems confidential) to any Loan Party or any other Person. 
 (g) Each party’s obligations under this Section 2.10
shall survive any assignment of rights by, or the replacement of, a Lender (in each case, to the extent permitted hereunder), the termination of the Commitment and the repayment, satisfaction or discharge of all obligations under any Loan Document.

 Section 2.11. Use of Proceeds. The proceeds of the Loans will be used to fund dividends and other distributions to the direct
and indirect shareholders of the Borrower (including, without limitation, the Parent), pay related transaction fees and expenses, and for general corporate purposes of the Parent and its Subsidiaries. 

Section 2.12. Evidence of Debt. The Borrower agrees that upon notice to the Borrower to the effect that a promissory note or other
evidence of indebtedness is required or appropriate in order for the Lender to evidence (whether for purposes of pledge, enforcement or otherwise) a Loan of a particular Class owing to, or to be made by, the Lender, the Borrower shall promptly
execute and deliver to the Lender, a Note in substantially the form of Exhibit A hereto, payable to the order of the Lender in a principal amount equal to such Loan made on the applicable Borrowing Date. 

Section 2.13. Mitigation Obligations. If the Lender requests compensation under Section 2.08, or if the Borrower is required
to pay any additional amount to the Lender or any Governmental Authority for the account of the Lender pursuant to Section 2.10, then the Lender shall use reasonable efforts to designate a different lending office for funding or booking of the
applicable Loan or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of the Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 2.08 or 2.10, as the case may be, in the future and (ii) would not subject the Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to the Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by the Lender in connection with any such designation or assignment. 

  
 24 

 ARTICLE III 

CONDITIONS TO EXTENSIONS OF CREDIT 

Section 3.01. Conditions Precedent to the Borrowing of Initial Term Loan. The obligation of the Lender to make the Initial Term
Loan hereunder shall become effective on the Effective Date, when each of the following conditions are satisfied (or waived in accordance with Section 8.01): 

(a) The Lender shall have received on or before the Effective Date the following, each dated such day (unless otherwise specified): 

(i) executed counterparts of this Agreement; 

(ii) a Note with respect to the Initial Term Loan executed by the Borrower in favor of the Lender, if requested at least one
Business Day prior to the Effective Date; 
 (iii) certified copies of the resolutions of the Board of Directors of each Loan
Party (other than the Borrower) approving each Loan Document to which it is or is to be a party, and of all documents evidencing other necessary corporate action and governmental and other third party approvals and consents, if any, with respect to
each Loan Document to which it is or is to be a party, which consents and approvals shall have been obtained and shall be in full force and effect; 

(iv) with respect to the Borrower, a copy of the resolutions of its board of directors: 

(A) approving the terms of, and the transactions contemplated by, the Loan Documents to which it is a party and resolving that
it execute, deliver and perform the Loan Documents to which it is a party; 
 (B) authorizing a specified person or persons
to execute the Loan Documents to which it is a party on its behalf; and 
 (C) authorizing a specified person or persons, on
its behalf, to sign and/or dispatch all documents and notices to be signed and/or dispatched by it under or in connection with the Loan Documents to which it is a party; 

(v) with respect to the Borrower, an excerpt from the Luxembourg Companies Register and a negative certificate (certificat
de non-inscription de décision judiciaire) issued by the Luxembourg Companies Register, in each case dated reasonably near the Effective Date; 

(vi) a copy of a certificate of the Secretary of State (or other similar official, to the extent available in each applicable
jurisdiction) of the jurisdiction of incorporation of each Loan Party (other than the Borrower), dated reasonably near the Effective Date, certifying (A) as to a true and correct copy of the charter (or other equivalent organizational document)
of such Loan Party and each amendment thereto on 

  
 25 

 
file in such Secretary’s office and (B) that (1) such amendments are the only amendments to such Loan Party’s charter (or other equivalent organizational document) on file in
such Secretary’s office, (2) such Loan Party has paid all franchise taxes to the date of such certificate (to the extent the Secretary of State (or other similar official) in the applicable jurisdictions typically provides such a
certification) and (3) such Loan Party is duly incorporated and in good standing (to the extent such concept exists in the applicable jurisdiction) or presently subsisting under the laws of the state of the jurisdiction of its incorporation;

 (vii) (i) a certificate of the Secretary or Assistant Secretary (or equivalent officer) of each Loan Party (other than the
Borrower), countersigned on behalf of such Loan Party by another officer of such Loan Party, dated the Effective Date, certifying as to (A) the absence of any amendments to the charter (or other equivalent organizational document) of such Loan
Party since the date of the Secretary of State’s (or other similar official’s) certificate referred to in Section 3.01(a)(iv), (B) a true and correct copy of the bylaws (or other equivalent organizational document) of such Loan
Party as in effect on the Effective Date and (C) the good standing of each Loan Party (to the extent such concept exists in the applicable jurisdiction) (with the applicable good standing certificates attached thereto), and (ii) a
certificate of an authorized signatory of the Borrower, dated the Effective Date, certifying (A) as to (x) the truth, in all material respects, of the representations and warranties contained in the Loan Documents as though made on and as
of the Effective Date and (y) the absence of any event occurring and continuing, or resulting from the Initial Term Loan, that constitutes a Default and (B) that attached thereto is a true and correct copy of the articles of association of
the Borrower; 
 (viii) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of each Loan Party
certifying the names and true signatures of the officers of such Loan Party authorized to sign each Loan Document to which it is or is to be a party and the other documents to be delivered hereunder and thereunder; 

(ix) a certificate from the chief financial officer of the Parent, in substantially the form of Exhibit C hereto,
(A) attesting to the Solvency of the Parent and its subsidiaries (on a Consolidated basis) before and after giving pro forma effect to the Initial Term Loan and the application of proceeds thereof and (B) certifying that the Transactions
have been disclosed to the independent auditors of the Parent. 
 (x) a Notice of Borrowing relating to the Initial Term
Loan; 
 (xi) a favorable opinion of White & Case LLP, counsel for the Loan Parties as to such matters as the Lender
may reasonably request; 
 (xii) a favorable opinion of NautaDutilh Avocats Luxembourg, counsel for the Borrower as to the
laws of Luxembourg, as to such matters as the Lender may reasonably request; 

  
 26 

 (xiii) a favorable opinion of White & Case LLP, counsel for the Borrower
as to the laws of Mexico, as to such matters as the Lender may reasonably request; and 
 (xiv) to the extent not covered by
clause (xi) and (xii) above, a favorable opinion of local counsel from each jurisdiction in which any Loan Party is organized as to such matters as the Lender may reasonably request. 

(b) Since December 31, 2013, there has not occurred (i) a Material Adverse Effect with respect to the Parent or the Borrower or
(ii) any event, condition or contingency that could reasonably be expected to have a Material Adverse Effect. 
 (c) The Borrower shall
have paid all fees and expenses of the Lender (including the accrued fees and expenses of counsel to the Lender in the United States and of the Lender’s Mexican tax advisor and the Lender’s Luxembourg tax advisor) required to be paid on
the Effective Date hereunder or pursuant to the Fee Letter, in each case to the extent duly invoiced at least 3 Business Days prior to the Effective Date. 

(d) The Lender shall have received, at least five days prior to the Effective Date, all documentation and other information required by
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act, that the Lender has requested reasonably in advance, but not less than ten days
prior to the Effective Date. 
 (e) The representations and warranties contained in each Loan Document shall be true and correct in all
material respects (or if qualified by materiality or Material Adverse Effect, in all respects) on and as of the Effective Date, before and after giving effect to the Loan and to the application of the proceeds therefrom. 

(f) No Default shall have occurred and be continuing, or would result from the borrowing of the Initial Term Loan or from the application of
the proceeds therefrom. 
 (g) Since December 21, 2013, there shall have been no revocation, termination, abrogation, appropriation
(rescate) or repudiation of the Concession Title. 
 Section 3.02. Conditions Precedent to the Borrowing of Delayed-Draw Term
Loans. The obligation of the Lender to make the Delayed-Draw Term Loan hereunder shall be subject to the further conditions precedent that on the Delayed-Draw Term Loan Effective Date the following statements shall be true (and each of the
giving of the applicable Notice of Borrowing, and the acceptance by the Borrower of the proceeds of such borrowing shall constitute a representation and warranty by the Borrower that both on the date of such notice and on the date of such borrowing
such statements are true): 
 (a) the representations and warranties contained in each Loan Document are correct on and as of
such date, before and after giving effect to the borrowing of the Delayed-Draw Term Loan and to the application of the proceeds therefrom, as though made on and as of such date, other than any such representations or warranties that, by their terms,
refer to a specific date other than the date of such borrowing, in which case as of such specific date; and 
 (b) no Default
has occurred and is continuing, or would result from the borrowing of the Delayed-Draw Term Loan or from the application of the proceeds therefrom. 

  
 27 

 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.01. Representations and Warranties of Parent and the Borrower. Each of the Parent and the Borrower represent and
warrants as follows: 
 (a) Each Loan Party and each of its Restricted Subsidiaries (i) is an entity duly organized, validly existing
and in good standing (to the extent such concept exists under the laws of its jurisdiction of organization) under the laws of the jurisdiction of its organization and the place of their effective place of management and domicile if different from
the jurisdiction of its incorporation, (ii) is duly qualified and in good standing (to the extent such concept exists under the laws of its jurisdiction of organization) as a foreign entity in each other jurisdiction in which it owns or leases
property or in which the conduct of its business requires it to so qualify or be licensed except where the failure to so qualify or be licensed would not be reasonably likely to have a Material Adverse Effect and (iii) has all requisite power
and authority (including, without limitation, all Governmental Authorizations) to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted. All of the outstanding Equity Interests in the
Borrower have been validly issued, are fully paid and non-assessable and are owned by a direct or indirect Subsidiary of the Parent free and clear of all Liens, except those permitted under clause (a), (e), (i) or (m) of the definition of
“Permitted Liens”. 
 (b) All of the outstanding Equity Interests in each Loan Party’s Subsidiaries have been
validly issued, are fully paid and non-assessable and are owned by such Loan Party or one or more of its Subsidiaries free and clear of all Liens, except those permitted under clause (a), (e) or (i) of the definition of
“Permitted Liens”. 
 (c) The execution, delivery and performance by each Loan Party of each Loan Document to which
it is or is to be a party are within such Loan Party’s powers, have been duly authorized by all necessary corporate or other action, and do not (i) contravene such Loan Party’s organizational documents, (ii) violate any
(x) law, rule, regulation (including, without limitation, Regulation T, Regulation X and any provision of the Interstate Commerce Act and the Railway Labor Act), the violation or breach of which could be reasonably likely to have a
Material Adverse Effect or (y) order, writ, judgment, injunction, decree, determination or award, (iii) conflict with or result in the breach of, or constitute a default or require any payment to be made under, any contract, loan
agreement, indenture, mortgage, deed of trust, lease or other instrument binding on or affecting any Loan Party, any of its Restricted Subsidiaries or any of their properties or (iv) result in or require the creation or imposition of any Lien
upon or with respect to any of the properties of any Loan Party or any of its Restricted Subsidiaries. No Loan Party or any of its Restricted Subsidiaries is in violation of any such law, rule, regulation, order, writ, judgment, injunction, decree,
determination or award or in breach of any such contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument, the violation or breach of which could be reasonably likely to have a Material Adverse Effect. 

  
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 (d) No Governmental Authorization, and no notice to or filing with, any Governmental Authority or
any other third party is required for (i) the due execution, delivery, recordation, filing or performance by any Loan Party of any Loan Document to which it is or is to be a party or (ii) the exercise by the Lender of its rights under the
Loan Documents except for (A) those that have otherwise been obtained or made on or prior to the Effective Date and (B) the authorizations, approvals, actions, notices and filings listed on Schedule 4.01(d) hereto, all of which have
been duly obtained, taken, given or made and are in full force and effect. 
 (e) This Agreement has been, and each other Loan Document when
delivered hereunder will have been, duly executed and delivered by each Loan Party party thereto. This Agreement is, and each other Loan Document when delivered hereunder will be, the legal, valid and binding obligation of each Loan Party party
thereto, enforceable against such Loan Party in accordance with its terms. 
 (f) There is no action, suit, investigation, litigation or
proceeding affecting any Loan Party or any of its Restricted Subsidiaries, including any Environmental Action, pending or threatened in writing before any Governmental Authority or arbitrator that (i) could be reasonably likely to have a
Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of any Loan Document. 
 (g) The
Consolidated balance sheet of the Parent and its Subsidiaries as at December 31, 2013, and the related Consolidated statement of income and Consolidated statement of cash flows of the Parent and its Subsidiaries for the Fiscal Year then ended,
accompanied by an unqualified opinion of KPMG LLP, independent public accountants, copies of which have been furnished to the Lender, fairly present the Consolidated financial condition of the Parent and its Subsidiaries as at such date and the
Consolidated results of operations of the Parent and its Subsidiaries for the periods ended on such date, all in accordance with GAAP applied on a consistent basis, and since December 31, 2013, there has been no Material Adverse Change. 

(h) No information, exhibit or report furnished by or on behalf of any Loan Party to the Lender in connection with the negotiation of the Loan
Documents or pursuant to the terms of the Loan Documents contained (when furnished and taken as a whole) any untrue statement of a material fact or omitted to state a material fact necessary to make the statements made therein not misleading in any
material respect at such time in light of the circumstances under which such information was provided, it being understood and agreed that for purposes of this Section 4.01(h), such information shall not include any projections or any pro forma
financial information or other forward-looking information. 
 (i) The Borrower is not engaged in the business of extending credit for the
purpose of purchasing or carrying Margin Stock, and no proceeds of the Loans will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. 

  
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 (j) Neither any Loan Party nor any of its Restricted Subsidiaries is an “investment
company”, or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company”, as such terms are defined in the Investment Company Act of 1940, as amended. Neither the
making of the Loans nor the application of the proceeds or repayment thereof by the Borrower, nor the consummation of the other Transactions contemplated by the Loan Documents, will violate any provision of any such Act or any rule, regulation or
order of the SEC thereunder. 
 (k) As of the date hereof, the Parent is, individually and together with its Subsidiaries, Solvent. 

(l) No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which
liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of
Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $10,000,000 the fair market value of the assets of such Plan, and the present value of all
accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts,
exceed by more than $20,000,000 the fair market value of the assets of all such underfunded Plans. 
 (m) Except as otherwise set forth on
Schedule 4.01(m) hereto or as disclosed in the Parent’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2013, filed with the SEC and except with respect to any other matters that, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect, neither the Parent, the Borrower nor any other Restricted Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received written notice of any claim with respect to any Environmental Liability or (iv) to the best
knowledge and belief of the Parent and the Borrower, knows of any basis for any Environmental Liability. 
 (n) (i) As of the date hereof,
neither any Loan Party nor any of its Restricted Subsidiaries is party to any Tax sharing agreement with any Person who is not either a Loan Party or a Restricted Subsidiary, other than in the ordinary course of business. 

(ii) Each Loan Party and each of its Restricted Subsidiaries has timely filed or caused to be filed all Tax returns and reports
required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except any (a) Taxes that are being contested in good faith by appropriate proceedings and for which the Loan Party or the Restricted
Subsidiary, as applicable, has set aside on its books adequate reserves or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

(o) Each Loan Party or such Restricted Subsidiary has good, marketable and insurable fee simple title to such Material Real Property, free and
clear of all Liens, other than Liens created or permitted by the Loan Documents. 

  
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 (p) [Reserved]. 

(q) (i) No Loan Party and, to the knowledge of the Loan Parties, no Affiliate of any Loan Party, is in violation of any laws relating to
terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”), and the Patriot Act.

 (ii) Neither the Parent nor any of its Subsidiaries, nor, to the knowledge of any Loan Party, any Affiliate, broker or
other agent of any Loan Party acting or benefiting in any capacity in connection with the Loans, is any of the following: 

(A) a Person with which any Lender is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism
Law; 
 (B) a Person that is named as (such Person, a “Designated Person”) a “specially
designated national and blocked person” on the most current list (or its equivalent, the “Sanctions List”) published by the U.S. Treasury Department Office of Foreign Assets Control at its official website or any
replacement website or other replacement official publication of such list; 
 (C) any other Person with whom U.S. Persons
may not transact or deal under the provisions of 31 C.F.R. Chapter V or any legal restriction, including legislation, Executive Order, or regulation, administered by the U.S. Treasury Department’s Office of Foreign Assets Control; or 

(D) located, organized, or resident in a country or territory (“Sanctioned Country”) that is, at any
time, subject to comprehensive country-wide economic or financial sanctions or trade embargoes (such sanctions or embargoes, collectively, “Sanctions”) imposed, administered or enforced, from time to time by (x) the U.S.
government and administered by the U.S. Treasury Department’s Office of Foreign Asset Control, (y) the U.S. State Department, the U.S. Department of Commerce or the U.S. Treasury Department or (z) the United Nations Security Council.

 (iii) To the knowledge of the Loan Parties, no broker or other agent of any Loan Party acting in any capacity in
connection with the Loan (1) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Person described in clause (ii), (2) deals in, or otherwise engages in
any transaction relating to, any property or interests in property blocked pursuant to the Executive Order, or (3) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or
attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 
 (r) The Obligations of each Loan Party constitute
unconditional general obligations of such Loan Party and rank pari passu in right of payment in all respects with the obligations of each Loan Party (if any) under the KCSR Credit Agreement. 

  
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 (s) The execution and delivery by each Loan Party of, and the compliance with its obligations
under, this Agreement and the other Loan Documents to which it is a party constitute private and commercial acts of such Loan Party rather than public or governmental acts. Such Loan Party and its Property has no immunity (sovereign or otherwise)
from any legal action, suit or proceeding (whether service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) or from the jurisdiction of any court or from set off. 

ARTICLE V 

AFFIRMATIVE COVENANTS OF THE BORROWER AND PARENT 

Section 5.01. Affirmative Covenants. From and after the Effective Date, so long as any Loan or any other Obligation of any Loan
Party under any Loan Document shall remain unpaid (other than contingent Obligations in respect of indemnities for which a claim has not been made): 

(a) The Parent shall comply, and cause each Subsidiary party to the KCSR Credit Agreement to comply, as applicable, with the covenants and
other obligations contained in the KCSR Credit Agreement. Without limiting the generality of the foregoing, solely for the purposes of this Section 5.01(a), the provisions of the KCSR Credit Agreement, together with related definitions and
ancillary provisions and schedules and exhibits, are hereby incorporated herein by reference, as if set forth herein in full, mutatis mutandis. 

(b) The Borrower shall pay its obligations, including Tax liabilities, that, if not paid, could result in a Material Adverse Effect before the
same shall become delinquent or in default, except where: (i) the validity or amount thereof is being contested in good faith by appropriate proceedings, (ii) the Borrower has set aside on its books adequate reserves, and (iii) the
failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 
 (c) The Parent shall
cause KCSM to comply with the covenants and other obligations contained in the KCSM Credit Agreement. Without limiting the generality of the foregoing, solely for the purposes of this Section 5.01(c), the provisions of the KCSM Credit
Agreement, together with related definitions and ancillary provisions and schedules and exhibits, are hereby incorporated herein by reference, as if set forth herein in full, mutatis mutandis. 

(d) The Parent shall maintain 100% direct or indirect ownership of KCSR. 

(e) (i) The Borrower will apply the proceeds of the Loans in accordance with Section 2.11; 

  
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 (ii) the Borrower shall take reasonable steps designed to ensure that no Loan
Party, or any Affiliate of a Loan Party, will knowingly, directly or indirectly, use the proceeds of any Loan: 
 (A) for any
purpose that would breach the United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictions; 

(B) to fund, finance or facilitate any activities, business or transaction of or with any Designated Person or in any
Sanctioned Country, or otherwise in violation of Sanctions, as such Sanctions Lists or Sanctions are in effect from time to time (in each case, subject to the requirements of applicable Mexican law and contractual obligations); or 

(C) in any other manner that could reasonably be expected to result in the violation of any applicable Sanctions by the Lender
(subject to the requirements of applicable Mexican law and contractual obligations); and 
 (iii) the Borrower shall take
reasonable steps designed to ensure that no Loan Party, or any Affiliate of a Loan Party, will knowingly use funds or assets obtained directly or indirectly from transactions with or otherwise relating to (i) any Designated Person or
(ii) any Sanctioned Country, in each case to pay or repay any amount owing under any of the Loan Documents (in each case, subject to the requirements of applicable Mexican law and contractual obligations). 

Section 5.02. Reporting Requirements. So long as any Loan or any other Obligation of any Loan Party under any Loan Document shall
remain unpaid (other than contingent Obligations in respect of indemnities for which no claim has been made), the Parent or the Borrower will furnish to the Lender, as soon as possible and in any event within five Business Days after any officer of
the Parent or any of its Restricted Subsidiaries obtains knowledge of the occurrence of each Default, a statement of an officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take
with respect thereto. 
 ARTICLE VI 

EVENTS OF DEFAULT 

Section 6.01. Events of Default. If any of the following events (“Events of Default”) shall occur and be
continuing: 
 (a) (i) the Borrower shall fail to pay any principal of any Loan when the same shall become due and payable or (ii) the
Borrower shall fail to pay any interest on any Loan, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within five Business Days after the same shall become due and payable; or

 (b) any representation or warranty made by any Loan Party (or any of its officers) under or in connection with any Loan Document shall
prove to have been inaccurate in any material respect when made; or 
 (c) the Parent or the Borrower shall fail to perform or observe any
term, covenant or agreement contained in Section 5.01 (to the extent that such failure relates to a failure to perform or observe a term, covenant or agreement set forth in Section 5.02 of the KCSR Credit Agreement or Section 7.02 of
the KCSM Credit Agreement); or 

  
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 (d) any Loan Party shall fail to perform or observe any other term, covenant or agreement
contained in any Loan Document on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to the Borrower by the Lender; or 

(e) any Material Debt of KCSM, any Loan Party or any Restricted Subsidiary shall be declared to be due and payable or required to be prepaid or
redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof; or

 (f) KCSM, or any Loan Party or any of its Restricted Subsidiaries shall generally not pay its debts as such debts become due, or shall
admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any KCSM, Loan Party or any of its Restricted Subsidiaries seeking to
adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of
debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not
instituted by it) that is being diligently contested by it in good faith, either such proceeding shall remain undismissed or unstayed for a period of 60 days or any of the actions sought in such proceeding (including, without limitation, the entry
of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or any substantial part of its property) shall occur; or KCSM, or any Loan Party or any of its Restricted Subsidiaries shall take
any corporate action to authorize any of the actions set forth above in this subsection (f); or 
 (g) any judgments or orders, either
individually or in the aggregate, for the payment of money in excess of $40,000,000 shall be rendered against KCSM, any Loan Party or any of its Restricted Subsidiaries and either (i) enforcement proceedings shall have been commenced by any
creditor upon such judgment or order or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

(h) any provision of any Loan Document after delivery thereof pursuant to Section 3.01 shall for any reason cease to be valid and binding
on or enforceable against any Loan Party party to it, or any such Loan Party shall so state in writing; or 
 (i) a Change of Control shall
occur; or 
 (j) any ERISA Event shall have occurred which, in the opinion of the Lender, could reasonably be expected to have a Material
Adverse Effect; 

  
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 then, and in any such event, the Lender may declare the Loans, all interest thereon and all other amounts payable
under this Agreement and the other Loan Documents to be forthwith due and payable, whereupon the Loans, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of
any kind, all of which are hereby expressly waived by the Borrower, provided, however, that in the event of an actual or deemed entry of an order for relief with respect to the Borrower under the Federal Bankruptcy Code, the Loans, all
such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrower. 

ARTICLE VII 

GUARANTY 

Section 7.01. Guaranty; Limitation of Liability. (a) Each Guarantor, jointly and severally, hereby absolutely,
unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all Obligations of each other Loan Party now or
hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or
contingent, and whether for principal, interest (including, without limitation, Post Petition Interest), premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed
Obligations”), and agrees to pay any and all expenses (including, without limitation, fees and expenses of counsel) incurred by the Lender in enforcing any rights under this Guaranty or any other Loan Document. Without limiting the
generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to the Lender under or in respect of the Loan Documents but for the
fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. 

(b) Each Guarantor, and by its acceptance of this Guaranty, the Lender, hereby confirms that it is the intention of all such Persons that this
Guaranty and the Obligations of each Subsidiary Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign,
federal or state law to the extent applicable to this Guaranty and the Obligations of each Subsidiary Guarantor hereunder. To effectuate the foregoing intention, the Lender and the Guarantors hereby irrevocably agree that the Obligations of each
Subsidiary Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of such Guarantor under this Guaranty not constituting a fraudulent transfer or conveyance. 

(c) Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to the Lender under
this Guaranty or any other guaranty, such Guarantor will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Lender under or in respect
of the Loan Documents. 

  
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 Section 7.02. Guaranty Absolute. Each Guarantor guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Lender with respect
thereto. The Obligations of each Guarantor under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other Obligations of any other Loan Party under or in respect of the Loan Documents, and a separate action or
actions may be brought and prosecuted against each Guarantor to enforce this Guaranty, irrespective of whether any action is brought against the Borrower or any other Loan Party or whether the Borrower or any other Loan Party is joined in any such
action or actions. The liability of each Guarantor under this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way
relating to, any or all of the following: 
 (a) any lack of validity or enforceability of any Loan Document or any agreement or instrument
relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed
Obligations or any other Obligations of any other Loan Party under or in respect of the Loan Documents, or any other amendment or waiver of or any consent to departure from any Loan Document, including, without limitation, any increase in the
Guaranteed Obligations resulting from the extension of additional credit to any Loan Party or any of its Subsidiaries or otherwise; 
 (c)
any taking, exchange, release or non-perfection of any collateral, or any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations; 

(d) any manner of application of any collateral or proceeds thereof, if any, to all or any of the Guaranteed Obligations, or any manner of sale
or other disposition of any collateral for all or any of the Guaranteed Obligations or any other Obligations of any Loan Party under the Loan Documents or any other assets of any Loan Party or any of its Subsidiaries; 

(e) any change, restructuring or termination of the corporate structure or existence of any Loan Party or any of its Subsidiaries; 

(f) any failure of the Lender to disclose to any Loan Party any information relating to the business, condition (financial or otherwise),
operations, performance, properties or prospects of any other Loan Party now or hereafter known to the Lender (each Guarantor waiving any duty on the part of the Lender to disclose such information); 

(g) the failure of any other Person to execute or deliver this Guaranty, any Guaranty Supplement or any other guaranty or agreement or the
release or reduction of liability of any Guarantor or other guarantor or surety with respect to the Guaranteed Obligations; or 
 (h) any
other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any representation by the Lender that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other
guarantor or surety. 

  
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 This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of
any of the Guaranteed Obligations is rescinded or must otherwise be returned by the Lender or any other Person upon the insolvency, bankruptcy or reorganization of the Borrower or any other Loan Party or otherwise, all as though such payment had not
been made. 
 Section 7.03. Waivers and Acknowledgments. (a) Each Guarantor hereby unconditionally and irrevocably waives
promptness, diligence, notice of acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any
requirement that the Lender protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Loan Party or any other Person. 

(b) Each Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and acknowledges that this Guaranty is
continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. 
 (c) Each Guarantor hereby
unconditionally and irrevocably waives (i) any defense arising by reason of any claim or defense based upon an election of remedies by the Lender that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation,
reimbursement, exoneration, contribution or indemnification rights of such Guarantor or other rights of such Guarantor to proceed against any of the other Loan Parties, any other guarantor or any other Person and (ii) any defense based on any
right of set-off or counterclaim against or in respect of the Obligations of such Guarantor hereunder. 
 (d) Each Guarantor hereby
unconditionally and irrevocably waives any duty on the part of the Lender to disclose to such Guarantor any matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any
other Loan Party or any of its Subsidiaries now or hereafter known by the Lender. 
 (e) Each Guarantor acknowledges that it will receive
substantial direct and indirect benefits from the financing arrangements contemplated by the Loan Documents and that the waivers set forth in Section 7.02 and this Section 7.03 are knowingly made in contemplation of such benefits. 

Section 7.04. Subrogation. Each Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights that it may now
have or hereafter acquire against the Borrower, any other Loan Party or any other insider guarantor that arise from the existence, payment, performance or enforcement of such Guarantor’s Obligations under or in respect of this Guaranty or any
other Loan Document, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Lender against the Borrower, any other Loan Party or
any other insider guarantor, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from the Borrower, any

  
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other Loan Party or any other insider guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or
right, unless and until all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash and the Commitments shall have expired, been terminated or reduced to zero. If any amount shall be paid
to any Guarantor in violation of the immediately preceding sentence at any time prior to the latest of (a) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (b) the Termination
Date with respect to each Class of Loans, such amount shall be received and held in trust for the benefit of the Lender, shall be segregated from other property and funds of such Guarantor and shall forthwith be paid or delivered to the Lender in
the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Guaranteed Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of the
Loan Documents, or to be held as collateral for any Guaranteed Obligations or other amounts payable under this Guaranty thereafter arising. If (i) any Guarantor shall make payment to the Lender of all or any part of the Guaranteed Obligations,
(ii) all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash and (iii) the Termination Date shall have occurred with respect to each Class of Loans, the Lender will, at such
Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to such Guarantor of an interest in the
Guaranteed Obligations resulting from such payment made by such Guarantor pursuant to this Guaranty. 
 Section 7.05. Guaranty
Supplements. Upon the execution and delivery by any Person of a guaranty supplement in substantially the form of Exhibit D hereto (each, a “Guaranty Supplement”), (a) such Person shall be referred to as an
“Additional Guarantor” and shall become and be a Guarantor hereunder, and each reference in this Guaranty to a “Guarantor” shall also mean and be a reference to such Additional Guarantor, and each
reference in any other Loan Document to a “Subsidiary Guarantor” shall also mean and be a reference to such Additional Guarantor, and (b) each reference herein to “this Guaranty”,
“hereunder”, “hereof” or words of like import referring to this Guaranty, and each reference in any other Loan Document to the “Guaranty”, “thereunder”,
“thereof” or words of like import referring to this Guaranty, shall mean and be a reference to this Guaranty as supplemented by such Guaranty Supplement. The parties acknowledge and agree that in no circumstances shall any
Subsidiary of the Parent that is not a “Guarantor” under (and as defined in) the KCSR Credit Agreement be permitted to become an Additional Guarantor. 

Section 7.06. Subordination. Each Guarantor hereby subordinates any and all debts, liabilities and other Obligations owed to such
Guarantor by each other Loan Party (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 7.06: 

(a) Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled
payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Lender otherwise agrees, no Guarantor shall demand, accept or take any action
to collect any payment on account of the Subordinated Obligations. 

  
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 (b) Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law
relating to any other Loan Party, each Guarantor agrees that the Lender shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any
Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations. 

(c) Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Lender so requests,
collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Lender and deliver such payments to the Lender on account of the Guaranteed Obligations (including all Post Petition Interest), together with any
necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty. 

(d) Lender Authorization. After the occurrence and during the continuance of any Event of Default, the Lender is authorized and
empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the
Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on
such obligations to the Lender for application to the Guaranteed Obligations (including any and all Post Petition Interest). 

Section 7.07. Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and
effect until the latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date with respect to each Class of Loans, (b) be binding upon the
Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lender and its successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, the
Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement after (x) in the case of rights and obligations relating to the Initial Term Loan, the Effective Date and (y) in the case of
rights and obligations relating to the Delayed-Draw Term Loan, the Delayed-Draw Term Loan Effective Date (including, without limitation, all or any portion of the Loans owing to it and the Notes held by it as of such applicable date) to any other
Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Lender herein or otherwise, in each case to the extent provided in Section 8.06. No Guarantor shall have the right to assign its
rights hereunder or any interest herein without the prior written consent of the Lender. 
 Section 7.08. Luxembourg Guaranty
Limitation. (a) Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Documents, the aggregate obligations and exposure of a Luxembourg Guarantor under this Guaranty in respect of the obligations of any
other Guarantor which is not a direct or indirect subsidiary of such Luxembourg Guarantor shall be limited at any time to an aggregate amount not exceeding 90% of the greater of: 

  
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 (i) an amount equal to the sum of such Luxembourg Guarantor’s Net Assets and
its subordinated debt (dettes subordonnées), as reflected in the financial information of such Luxembourg Guarantor available to the Lender as at the date of this Agreement, including, without limitation, its most recently and duly
approved financial statements (comptes annuels); and 
 (ii) an amount equal to the sum of such Luxembourg
Guarantor’s Net Assets and its subordinated debt (dettes subordonnées), as reflected in the financial information of such Luxembourg Guarantor available to the Lender as at the date this Guaranty is called. 

For purposes of this Section 7.08, (x) “Luxembourg Guarantor” shall mean any Guarantor whose registered
office/place of central administration is in Luxembourg and whose center of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) is in Luxembourg and (y) “Net Assets” shall mean all the
assets (actifs) of the applicable Luxembourg Guarantor minus its liabilities (provisions et dettes) as valued in accordance with Luxembourg generally accepted accounting principles (Lux GAAP) or International Financial Reporting
Standards (IFRS), as applicable, and the relevant provisions of the Luxembourg Act of 19 December 2002 on the Register of Commerce and Companies, on accounting and on annual accounts of the companies, as amended. 

(b) The limitation set forth at paragraph (a) above shall not apply to any amounts borrowed under this Agreement and made available, in
any form whatsoever, to any Luxembourg Guarantor or any of its direct or indirect subsidiaries. 
 The Luxembourg Guarantor’s
obligations under this Article VII will not extend to include any obligations or liabilities if such inclusion would constitute a misuse of corporate assets (abus de biens sociaux) as defined at Article 171-1 of the Luxembourg Companies Act.

 ARTICLE VIII 

MISCELLANEOUS 

Section 8.01. Amendments, Etc. (a) No amendment or waiver of any provision of this Agreement or the Note or any other Loan
Document, nor consent to any departure by any Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Lender, and the Loan Parties party thereto, and then such waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given. 
 Section 8.02. Notices, Etc. All notices and other
communications provided for hereunder shall be in writing (including telegraphic, telecopy, facsimile, or e-mail communication) and mailed, telegraphed, telecopied, telexed, faxed, emailed or delivered, if to the Parent or the Borrower, at its
address at 6, rue Guillaume Schneider, L-2522 Luxembourg, Grand Duchy of Luxembourg, with a copy to 427 W. 12th Street, Kansas City, Missouri 64105; if to the Lender, at its address at The Bank of
Tokyo-Mitsubishi UFJ, Ltd., 1251 Avenue of the Americas, New York, NY 10020-1104; or, as to any party, at such other address as shall be designated by such party in a written notice to the other parties. All such notices and other

  
 40 

 
communications shall, when mailed, telegraphed, telecopied, telexed, faxed or e-mailed, be effective when deposited in the mails, delivered to the telegraph company, transmitted by telecopier or
facsimile or confirmed by telex answerback, respectively, except that notices and communications to the Lender pursuant to Article II or III shall not be effective until received by the Lender, and that notices and communications not given
during normal business hours for the recipient shall be deemed to have been given at the opening of business on the next Business Day for the recipient. Delivery by facsimile or other form of electronic communication of an executed counterpart of a
signature page to any amendment or waiver of any provision of this Agreement or the Notes or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of an original executed counterpart thereof. 

Section 8.03. No Waiver; Remedies. No failure on the part of the Lender to exercise, and no delay in exercising, any right
hereunder or under any Note or any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law. 
 Section 8.04. Costs and Expenses.
(a) The Borrower agrees to pay (i) within 10 days after receipt of a written request all reasonable and documented out-of-pocket costs and expenses of the Lender in connection with the preparation, execution, delivery, administration,
modification and amendment of, or any consent or waiver under, the Loan Documents (including, without limitation, (A) all due diligence fees and expenses and (B) the reasonable and documented out of pocket fees and expenses of one counsel
(and if necessary, a single local counsel in each relevant jurisdiction) for the Lender with respect thereto, with respect to advising the Lender as to its rights and responsibilities, or the protection or preservation of rights or interests,
under the Loan Documents, with respect to negotiations with any Loan Party or with other creditors of any Loan Party or any of its Subsidiaries arising out of any Default or any events or circumstances that may give rise to a Default and with
respect to presenting claims in or otherwise participating in or monitoring any bankruptcy, insolvency or other similar proceeding involving creditors’ rights generally and any proceeding ancillary thereto) and (ii) upon written demand
therefor all costs and expenses of the Lender in connection with the enforcement of the Loan Documents, whether in any action, suit or litigation, or any bankruptcy, insolvency or other similar proceeding affecting creditors’ rights generally
(including, without limitation, the fees and expenses of one counsel (and if necessary, a single local counsel in each relevant jurisdiction) for the Lender with respect thereto). 

(b) The Borrower agrees to indemnify, defend and save and hold harmless the Lender and its Affiliates and their respective partners, officers,
directors, employees, agents and advisors (each, an “Indemnified Party”) from and against, and shall pay within 10 days after receipt of a written request together with backup documentation supporting such reimbursement
request, any and all claims, damages, losses, liabilities, costs and expenses (including, but not limited to, reasonable and documented out-of-pocket attorneys’ fees, disbursements, settlement costs and other charges of one counsel for the
Indemnified Parties and, if reasonably necessary, a single local counsel to the Indemnified Parties in each relevant jurisdiction) that may be incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in
connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (i) the 

  
 41 

 
Loans, the actual or proposed use of the proceeds of the Loans, the Loan Documents or any of the Transactions contemplated thereby or (ii) the actual or alleged presence of Hazardous
Materials on any property of any Loan Party or any of its Subsidiaries or any Environmental Action relating in any way to any Loan Party or any of its Subsidiaries, except to the extent such claim, damage, loss, liability, cost or expense
(x) is found by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of any Indemnified Party or a material breach in bad faith by any Indemnified
Party of its obligations under the Loan Documents or (y) has resulted from any dispute solely among Indemnified Parties or their Related Indemnified Parties other than claims arising out of any act or omission on the part of any Loan Party or
any Affiliates. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 8.04(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by
any Loan Party, its directors, shareholders or creditors or an Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the Transaction is consummated. The Borrower also agrees not
to assert any claim against the Lender or any of its Affiliates, or any of their respective officers, directors, employees, agents and advisors, on any theory of liability, for special, indirect, consequential or punitive damages arising out of or
otherwise relating to the Facilities, the actual or proposed use of the proceeds of the Loans, the Loan Documents or any of the Transactions contemplated by the Loan Documents. 

(c) If any payment of principal of any Eurodollar Rate Loan is made by the Borrower to or for the account of the Lender other than on the last
day of the Interest Period for the applicable Loan, as a result of a payment pursuant to Section 2.05 or a conversion into a Base Rate Loan pursuant to Section 2.08(c), acceleration of the maturity of the applicable Loan pursuant to
Section 6.01 or for any other reason, or if the Borrower fails to make any payment or prepayment of all or any portion of any Loan for which a notice of prepayment has been given or that is otherwise required to be made, whether pursuant to
Section 2.03, 2.05 or 6.01 or otherwise, the Borrower shall, upon demand by the Lender setting forth in reasonable detail the basis for such demand (with a copy of such demand to the Lender), pay to the Lender for the account of the Lender any
amounts required to compensate the Lender for any additional losses, costs or expenses that it may reasonably incur as a result of such payment or conversion or such failure to pay or prepay, as the case may be, including, without limitation, any
loss, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by the Lender to fund or maintain the Loan. 

(d) Without prejudice to the survival of any other agreement of any Loan Party hereunder or under any other Loan Document, the agreements and
obligations of the Borrower contained in Sections 2.08 and 2.10 and this Section 8.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under any of the other Loan Documents. 

Section 8.05. Right of Set-off. Upon (a) the occurrence and during the continuance of any Event of Default and (b) the
declaration by the Lender of the Loans due and payable pursuant to the provisions of Section 6.01, the Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off
and otherwise apply any and all deposits (general or special, time or demand, provisional or final) at 

  
 42 

 
any time held and other indebtedness at any time owing by the Lender or such Affiliate to or for the credit or the account of the Borrower against any and all of the Obligations of the Borrower
then due under the Loan Documents. The Lender agrees promptly to notify the Borrower after any such set-off and application; provided, however, that the failure to give such notice shall not affect the validity of such set-off and
application. The rights of the Lender and its Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that the Lender may have. 

Section 8.06. Binding Effect; Assignments. This Agreement shall become effective when it shall have been executed by the Borrower
and the Lender and thereafter shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that (a) the Borrower shall not have the right to assign its rights
hereunder or any interest herein without the prior written consent of the Lender and (b) the Lender shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Borrower, except that
the Lender may (without the prior written consent of the Borrower) at any time assign all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment) to any of its Affiliates and to any Federal
Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve System, as in effect from time to time. 

Section 8.07. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery by telecopier or other form of electronic communication of an
executed counterpart of a signature page to this Agreement shall be effective as delivery of an original executed counterpart of this Agreement. 

Section 8.08. Confidentiality. The Lender shall not disclose any Confidential Information to any Person without the consent of the
Borrower, other than (a) to the Lender’s Affiliates and their officers, directors, employees, agents, advisors and auditors, and then only to the extent that each such person shall have been instructed to keep the same confidential in
accordance with this Section 8.08, (b) as required by any law, rule or regulation or judicial process, (c) as requested or required by any state, Federal or foreign authority or examiner (including the National Association of
Insurance Commissioners or any similar organization or quasi-regulatory authority) regulating the Lender, (d) in connection with the exercise of any right or remedy under this Agreement or any other Loan Document or (e) to any direct or
indirect contractual counterparty in swap agreements or such contractual counterparty’s professional advisor (so long as such contractual counterparty or professional advisor agrees to be bound by the provisions of this Section 8.08). 

Section 8.09. Patriot Act Notice. The Lender hereby notifies the Loan Parties that pursuant to the requirements of the Patriot
Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of such Loan Party and other information that will allow the Lender to identify such Loan Party in
accordance with the Patriot Act. The Borrower shall, and shall cause each of its Subsidiaries to, provide such information and take such actions as are reasonably requested by the Lender in order to assist the Lender in maintaining compliance with
the Patriot Act. 

  
 43 

 Section 8.10. Jurisdiction, Service of Process, Etc. (a) Each of the parties
hereto hereby irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of any New York State court or Federal court of the United States of America sitting in New York City, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this Agreement or any of the other Loan Documents to which it is a party, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court or, to the fullest extent permitted by law, in such Federal court. Each of the parties hereto agrees that
a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party may
otherwise have to bring any action or proceeding relating to this Agreement or any of the other Loan Documents in the courts of any jurisdiction. 

(b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any of the other Loan Documents to which it is a party in any New York State or Federal court. Each
of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 8.02. Nothing in this
agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 
 (d) The Borrower
hereby irrevocably appoints the Parent, having offices on the date hereof at P.O. Box 219335, Kansas City, Missouri 64121-9335, Attention: Treasurer (the “Process Agent”), as its agent to receive on your behalf service of the
summons and complaint and any other process which may be served in any action or proceeding brought in any New York State court or United States federal court sitting in New York City. Such service may be made by mailing or delivering a copy of such
process to the Borrower, in care of the Process Agent at the address specified above, and the Borrower hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf. 

Section 8.11. GOVERNING LAW. THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 Section 8.12. WAIVER OF JURY TRIAL. EACH OF THE LOAN PARTIES AND THE LENDER IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF THE LENDER IN THE NEGOTIATION,
ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. 

  
 44 

 Section 8.13. WAIVER OF IMMUNITY. TO THE EXTENT THAT THE BORROWER HAS OR HEREAFTER
MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, THE BORROWER
HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS. 

Section 8.14. Judgment Currency. All payments made under this Agreement and the Note shall be made in U.S. dollars (the
“Agreement Currency”), and, if for any reason any payment made hereunder or under any Loan Document is made in a currency (the “Other Currency”) other than the Agreement Currency, then to the extent
that the payment actually received by the Lender, when converted into the Agreement Currency at the Rate of Exchange (as defined below) on the date of payment (or, if conversion on such date is not practicable, as soon thereafter as it is
practicable for the Lender to purchase the Agreement Currency) falls short of the amount due under the terms of this Agreement or any Loan Document, the Loan Parties shall, as a separate and independent obligation of the Loan Parties, indemnify the
Lender and hold the Lender harmless against the amount of such shortfall. As used in this Section, the term “Rate of Exchange” means the rate at which the Lender is able on the relevant date to purchase the Agreement Currency
with the Other Currency and shall include any premiums and costs of exchange payable in connection with the purchase of or conversion into, the Agreement Currency. 

Section 8.15. Release of Guarantees. In the event that the “Subsidiary Guaranty” (as defined in the KCSR Credit
Agreement) of any “Subsidiary Guarantor” (as defined in the KCSR Credit Agreement, but excluding, for the avoidance of doubt, KCSR) is terminated or released in accordance with the provisions of the KCSR Credit Agreement (other than by
reason of repayment and satisfaction of all of the “Obligations” under (and as defined in) the KCSR Credit Agreement), then to the extent that such “Subsidiary Guarantor” is also a Subsidiary Guarantor under this Agreement, the
Subsidiary Guaranty of such Subsidiary Guarantor shall automatically be terminated and released, without any further action by any person, and the Lender shall promptly take such action and execute any such documents as may be reasonably requested
by the Borrower to terminate such Subsidiary Guarantor’s Obligations under the Subsidiary Guaranty and each other Loan Document. 

[REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY] 

  
 45 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	KANSAS CITY SOUTHERN
	INTERNATIONAL INVESTMENTS,
	S.A., as Borrower
		
	By	 	 /s/ Michael W. Cline

		 	Name: Michael W. Cline
		 	Title:   Authorized Officer
		 	Date:   22 Oct 2014
		 	Place:   Luxembourg
	
	 KANSAS CITY SOUTHERN, as

Guarantor

		
	By	 	 /s/ Michael W. Upchurch

		 	Name: Michael W. Upchurch
		 	 Title:   Executive Vice President and

            Chief Financial Officer

	
	THE KANSAS CITY SOUTHERN
	RAILWAY COMPANY, as Guarantor
		
	By	 	 /s/ Michael W. Cline

		 	Name: Michael W. Cline
		 	Title:   Vice President and Treasurer
	
	GATEWAY EASTERN RAILWAY
	COMPANY, as Guarantor
		
	By	 	 /s/ Michael W. Cline

		 	Name: Michael W. Cline
		 	Title:   Vice President and Treasurer

 Form of Note 

 
			
	 SOUTHERN DEVELOPMENT

COMPANY, as Guarantor

		
	By	 	 /s/ Michael W. Upchurch

		 	Name: Michael W. Upchurch
		 	 Title:   Vice President, Chief Financial

            Officer and Treasurer

	
	 THE KANSAS CITY NORTHERN

RAILWAY COMPANY, as Guarantor

		
	By	 	 /s/ Michael W. Cline

		 	Name: Michael W. Cline
		 	Title:   Vice President and Treasurer

 Form of Note 
  

  
 2 

 
			
	TRANS-SERVE, INC., as Guarantor
		
	By	 	 /s/ Michael W. Cline

		 	Name: Michael W. Cline
		 	Title:   Vice President and Treasurer
	
	PABTEX, INC., as Guarantor
		
	By	 	 /s/ Michael W. Upchurch

		 	Name: Michael W. Upchurch
		 	 Title:   Vice President, Chief Financial

            Officer and Treasurer

	
	KCS HOLDINGS I, INC., as Guarantor
		
	By	 	 /s/ Michael W. Cline

		 	Name: Michael W. Cline
		 	Title:   Vice President and Treasurer
	
	KCS VENTURES I, INC., as Guarantor
		
	By	 	 /s/ Michael W. Cline

		 	Name: Michael W. Cline
		 	Title:   Vice President and Treasurer

 Form of Note 

  
 3 

 
			
	 SOUTHERN INDUSTRIAL SERVICES,

INC., as Guarantor

		
	By	 	 /s/ Michael W. Upchurch

		 	Name: Michael W. Upchurch
		 	 Title:   Vice President, Chief Financial

            Officer and Treasurer

	
	VEALS, INC., as Guarantor
		
	By	 	 /s/ Michael W. Upchurch

		 	Name: Michael W. Upchurch
		 	 Title:   Vice President, Chief Financial

            Officer and Treasurer

 Form of Note 

  
 4 

 
			
	 THE BANK OF TOKYO-MITSUBISHI

UFJ, LTD., as Lender

		
	By	 	 /s/ Terrance McKay

		 	Name: Terrance McKay
		 	Title:   Managing Director

 Form of Note 
  

  
 5 

 SCHEDULE I 

SUBSIDIARY GUARANTORS 
  

			
	1	  	Gateway Eastern Railway Company
		
	2	  	Southern Development Company
		
	3	  	The Kansas City Northern Railway Company
		
	4	  	Trans-Serve, Inc.
		
	5	  	Pabtex, Inc.
		
	6	  	KCS Holdings I, Inc.
		
	7	  	KCS Ventures I, Inc.
		
	8	  	Southern Industrial Services, Inc.
		
	9	  	Veals, Inc.

 Form of Note 
  

  
 6 

 SCHEDULE II 

UNRESTRICTED SUBSIDIARIES 
 Arrendadora
KCSM, S.A. de R.L. de C.V. 
 Canama Transportation 
 Caymex
Transportation, Inc. 
 Highstar Harbor Holdings Mexico, S. de R.L. de C.V. 

Inversiones Internacionales en Ferrocarriles S.à r.l. 

Kansas City Southern International Ventures, S.A. de C.V. 
 KCS
Investment I, Ltd. 
 KCS Spectrum, Inc. 
 KCSM Holdings, LLC

 KCSM Internacional, S.A. de C.V. 
 KCSM Servicios, S.A. de
C.V. 
 KCSR y Compania, S. de N.C. de C.V. 
 Kansas City
Southern de México, S.A. de C.V. 
 MTC Puerta Mexico, S. de R.L. de C.V. 

MTC Puerta Mexico Logistics, S. de R.L. de C.V. 
 Meridian
Speedway, LLC 
 Mexrail, Inc. 
 NAFTA Rail, S.A. de C.V. 

North American Freight Transportation Alliance Rail LLC 

Servicios de Apoyo al Ferrocarril, S. de R.L. de C.V. 

Servicios Ferroviarios Europeos, S. de R.L. 
 Servicios Puerta
Mexico, S. de R.L. de C.V. 
 Soporte Logistico Ferroviaria, S. de R.L. de C.V. 

The Texas Mexican Railway Company 
 Vamos a Mexico, S.A. de C.V.

 Form of Note 
  

  
 7 

 SCHEDULE 4.01(d) 

AUTHORIZATIONS, APPROVALS, ACTIONS, NOTICES AND FILINGS 

None Required. 
 Form of Note 

  
 8 

 SCHEDULE 4.01(m) 

ENVIRONMENTAL DISCLOSURE 

None. 
 Form of Note 

  
 9 

 EXHIBIT A 

FORM OF NOTE 

$                    
                                         
                                         
                                      Dated:
                             ,
             
 FOR VALUE RECEIVED, the undersigned, Kansas
City Southern International Investments, S.A., a corporation incorporated in the United Mexican States with effective place of administration and domicile at 6, rue Guillaume Schneider, L-2522 Luxembourg, Grand Duchy of Luxembourg, registered with
the Luxembourg Companies Register under number B 175499 (the “Borrower”), HEREBY PROMISES TO PAY The Bank of Tokyo-Mitsubishi UFJ, Ltd., or its permitted assigns (the “Lender”) on the applicable
Termination Date the aggregate principal amount of the [Initial/Delayed-Draw] Term Loan owing to the Lender by the Borrower pursuant to the Credit Agreement dated as of [•], 2014 (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”; terms defined therein, unless otherwise defined herein, being used herein as therein defined) among the Borrower, Kansas City Southern, a Delaware corporation, the
subsidiary guarantors party thereto and the Lender. 
 The Borrower promises to pay interest to the Lender on the unpaid
principal amount of the [Initial/Delayed-Draw] Term Loan from the date of such [Initial/Delayed-Draw] Term Loan until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement.

 Both principal and interest are payable in lawful money of the United States of America to the Lender, in same day funds. The
[Initial/Delayed-Draw] Term Loan owing to the Lender by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any permitted transfer hereof, endorsed on the grid
attached hereto, which is part of this Note; provided, however, that the failure of the Lender to make any such recordation or endorsement shall not affect the Obligations of the Borrower under this Note. 

This Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other
things, (i) provides for the making of the [Initial/Delayed-Draw] Term Loan by the Lender to the Borrower in an amount not to exceed the U.S. dollar amount first above mentioned, the indebtedness of the Borrower resulting from such
[Initial/Delayed-Draw] Term Loan being evidenced by this Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the
maturity hereof upon the terms and conditions therein specified. 
 The Borrower, for itself, its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 
 This Note may not be
transferred or assigned by the Lender to any Person EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. 
 Form of Note 

 

  
 10 

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

			
	 KANSAS CITY SOUTHERN
 INTERNATIONAL
INVESTMENTS, S.A.

		
	By	 	  

		 	Name:                                     
                                         
     
		 	Title:                                     
                                         
       

 Form of Note 

  
 11 

 ADVANCES AND PAYMENTS OF PRINCIPAL 

 

									
	 Date
	  	 Class and

Amount of 
Advance
	  	 Amount of 
Principal Paid 
or Prepaid
	  	 Unpaid 
Principal 
Balance
	  	 Notation 
Made By

Form of Note 

 EXHIBIT B 

FORM OF NOTICE OF BORROWING 

[Date]                 

The Bank of Tokyo Mitsubishi UFJ, Ltd. 
 [•] 

Attn: [•] 
 email: [•] 

Facsimile No. [•] 
 Telephone No. [•] 

Ladies and Gentlemen: 
 The undersigned, Kansas
City Southern International Investments, S.A. (the “Borrower”), refers to the Credit Agreement dated as of [            ], 2014 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein, being used herein as therein defined), among the Borrower, Kansas City Southern, a Delaware corporation, the subsidiary
guarantors party thereto, and The Bank of Tokyo Mitsubishi UFJ, Ltd. (the “Lender” or “you”), and hereby gives you notice, pursuant to Section 2.02 of the Credit Agreement, that the Borrower
hereby [irrevocably requests]1 a Loan under the Credit Agreement, and in that connection sets forth below the information relating to such Loan (the “Proposed Borrowing”)
as required by Section 2.02(a) of the Credit Agreement: 
  

	 	(i)	The Business Day of the Proposed Borrowing is                 ,         .
             

  

	 	(ii)	The aggregate amount of the Proposed Borrowing is $                . 

 

	 	(iii)	The initial Interest Period for the Loan is one month. 

  

	 	(iv)	The Proposed Borrowing is of [Initial/Delayed-Draw] Term Loans. 

  

	1 	In the case of the Initial Term Loan only, replace the bracketed text with: 

 “requests,
subject to the Borrower giving you written confirmation thereof on or prior to 9:00 a.m. (New York time) on the date of the Proposed Borrowing,” 

Form of Notice of Borrowing 

 Delivery of this Notice of Borrowing by facsimile or other electronic transmission shall be
effective as delivery of an original Notice of Borrowing. 
 Form of Notice of Borrowing 

 
			
	Very truly yours,
	
	 KANSAS CITY SOUTHERN
 INTERNATIONAL
INVESTMENTS, S.A.

		
	By	 	  

		 	Name:                                     
                                         
     
		 	Title:                                     
                                         
       

 Form of Notice of Borrowing 

 EXHIBIT C 

FORM OF OFFICER CERTIFICATE 

This Officer Certificate is delivered in connection with the Credit Agreement dated as of
[            ], 2014 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein,
being used herein as therein defined), among Kansas City Southern International Investments, S.A. (the “Borrower”), Kansas City Southern, a Delaware corporation (the “Parent”), the subsidiary
guarantors party thereto, and The Bank of Tokyo Mitsubishi UFJ, Ltd. (the “Lender”). 
 I, [NAME OF
OFFICER], the Chief Financial Officer of the Parent, in such capacity and not in an individual capacity, hereby certify that I am the Chief Financial Officer of the Parent and that I am generally familiar with the businesses and assets of the Parent
and its Subsidiaries (taken as a whole), I have made such other investigations and inquiries as I have deemed appropriate and am duly authorized to execute this Officer Certificate on behalf of the Parent pursuant to the Credit Agreement. 

I further certify, in my capacity as Chief Financial Officer of the Parent, and not in my individual capacity, as of the date hereof and after
giving effect to the Transactions and the incurrence of the indebtedness and obligations being incurred in connection with the Credit Agreement and the Transactions, that, (i) the fair value of the property of the Parent and its Subsidiaries,
taken as a whole, is greater than the total amount of liabilities, including without limitation, contingent liabilities, of the Parent and its Subsidiaries, taken as a whole, (ii) the sum of the debt (including contingent liabilities) of the
Parent and its subsidiaries, taken as a whole, does not exceed the present fair saleable value on a going concern basis of the present assets of the Parent and its Subsidiaries, taken as a whole; (iii) the capital of the Parent and its
Subsidiaries, taken as a whole, is not unreasonably small in relation to the business of the Parent or its Subsidiaries, taken as a whole, contemplated as of the date hereof; (iv) Parent and its Subsidiaries, taken as a whole, do not intend to
incur, or believe that they will incur, debts including current obligations beyond their ability to pay such debt as they mature in the ordinary course of business; (v) the Parent and its Subsidiaries, taken as a whole, are not engaged in
business or a transaction, and are not about to engage in business or a transaction, for which the Parent’s and its Subsidiaries’ property would constitute unreasonably small capital; and (vi) the Transactions have been disclosed to
the independent auditors of the Parent. For the purposes hereof, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount
that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). 

[Remainder of page intentionally left blank] 

Form of Officer Certificate 

 IN WITNESS WHEREOF, I have executed this Officer Certificate on the date first written above.

  

			
	KANSAS CITY SOUTHERN
		
	By:	 	  

		 	Name:                                     
                                         
   
		 	Title: Chief Financial Officer

 Form of Officer Certificate 

 EXHIBIT D 

FORM OF GUARANTY SUPPLEMENT 

                    
        ,              
 The Bank of
Tokyo Mitsubishi UFJ, Ltd. 
 [•] 
 Attn: [•] 

email: [•] 
 Facsimile No. [•] 

Telephone No. [•] 
 Ladies and Gentlemen: 

Reference is made to the Credit Agreement dated as of [            ],
2014 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein, being used herein as therein defined), among Kansas City Southern International
Investments, S.A. (the “Borrower”), Kansas City Southern, a Delaware corporation, the subsidiary guarantors party thereto, and The Bank of Tokyo Mitsubishi UFJ, Ltd. (the “Lender”), and to the Guaranty
contained therein (such Guaranty, as in effect on the date hereof and as it may hereafter be amended, supplemented or otherwise modified from time to time, together with this Guaranty Supplement, being the “Guaranty”). The
capitalized terms defined in the Credit Agreement and not otherwise defined herein are used herein as therein defined. 

SECTION 1. Guaranty; Limitation of Liability. The undersigned hereby jointly and severally absolutely, unconditionally and irrevocably
guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all Obligations of each other Loan Party now or hereafter existing under or in respect of the
Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest
(including, without limitation, Post Petition Interest), fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed Obligations), and agrees to pay any and all expenses
(including, without limitation, fees and expenses of counsel) incurred by the Lender in enforcing any rights under this Guaranty Supplement, the Guaranty or any other Loan Document. Without limiting the generality of the foregoing, the
undersigned’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to the Lender under or in respect of the Loan Documents but for the fact that they are
unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. 

 The undersigned, and by its acceptance of this Guaranty Supplement, the Lender, hereby confirms
that it is the intention of all such Persons that this Guaranty Supplement, the Guaranty and the Obligations of the undersigned hereunder and thereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform
Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty Supplement, the Guaranty and the Obligations of the undersigned hereunder and thereunder. To
effectuate the foregoing intention, the Lender and the undersigned hereby irrevocably agree that the Obligations of the undersigned under this Guaranty Supplement and the Guaranty at any time shall be limited to the maximum amount as will result in
the Obligations of the undersigned under this Guaranty Supplement and the Guaranty not constituting a fraudulent transfer or conveyance. 

The undersigned hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to the Lender under
this Guaranty Supplement, the Guaranty or any other Guaranty, the undersigned will contribute, to the maximum extent permitted by applicable law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount
paid to the Lender under or in respect of the Loan Documents. 
 SECTION 2. Obligations Under the Guaranty. The undersigned hereby
agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above
written, that each reference in the Guaranty to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a
“Subsidiary Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned. 

SECTION 3. Representations and Warranties. The undersigned hereby represents and warrants that each representation and warranty made by
the Borrower and the Parent with respect to it as a Loan Party set forth in Article IV of the Credit Agreement is true and correct in all material respects as of the date hereof with respect to the undersigned, except to the extent that any such
representation and warranty is by its terms made as of a specified date, in which case such representation and warranty is true and correct as of such date; provided, however, any representation or warranty that is qualified as to
“materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on such date. 

SECTION 4. Delivery by Facsimile or other Electronic Transmission. Delivery of an executed counterpart of a signature page to this
Guaranty Supplement by facsimile or other electronic transmission shall be effective as delivery of an original executed counterpart of this Guaranty Supplement. 

SECTION 5. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. This Guaranty Supplement shall be governed by, and construed in
accordance with, the laws of the State of New York. 

 The undersigned hereby irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of any New York State court or any federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Guaranty Supplement, the Guaranty or any of the other Loan Documents to which it is or is to be a party, or for recognition or enforcement of any judgment, and the undersigned hereby irrevocably and unconditionally agrees that all claims in respect
of any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court. The undersigned agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Guaranty Supplement or the Guaranty or any other Loan Document shall affect any right that any party may otherwise
have to bring any action or proceeding relating to this Guaranty Supplement, the Guaranty or any of the other Loan Documents to which it is or is to be a party in the courts of any other jurisdiction. 

The undersigned irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may
now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Guaranty Supplement, the Guaranty or any of the other Loan Documents to which it is or is to be a party in any New York State or
federal court. The undersigned hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such suit, action or proceeding in any such court. 

THE UNDERSIGNED HEREBY IRREVOCABLY WAIVES (AND THE LENDER BY THE ACCEPTANCE OF THIS GUARANTY SUPPLEMENT ALSO WAIVES) ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF THE LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR
ENFORCEMENT THEREOF. 
  

			
	Very truly yours,
	
	 [NAME OF ADDITIONAL

GUARANTOR]

		
	By	 	  

	Name:	 	
	Title:EX-10.(A)

 Exhibit 10(a) 

ONCOR ELECTRIC DELIVERY COMPANY LLC 

Second Amended and Restated Executive Change in Control Policy 

Effective October 21, 2014 

1. Policy Purpose. The purpose of the Oncor Electric Delivery Company LLC (“Company” or “Oncor”) Executive
Change in Control Policy (this “Policy”) is to establish uniform provisions for the payment of transition benefits to eligible executives of the Company and any of its consolidated subsidiaries (each a “Subsidiary”, and together
the “Subsidiaries”), in the event of their termination of employment without Cause (as defined herein) or resignation with Good Reason (as defined herein) from the Company or a corporation, limited liability company or other entity
resulting from the consummation of a merger, consolidation, statutory share exchange or similar form of corporate transaction involving the Company (the “Surviving Corporation”), within twenty-four (24) months following a Change in
Control (as defined herein), which are set forth herein. This Policy amends, restates and supercedes in its entirety that certain Oncor Electric Delivery Company LLC Amended and Restated Change in Control Policy effective as of August 1, 2014.

 2. Eligible Executives. Employees who are eligible for the benefits provided for in this Policy (“Eligible
Executives”) are employees of the Company and its Subsidiaries who immediately prior to the effective time of a Change in Control are designated by the Company as members of the Company’s Executive Team. The Executive Team shall be
comprised of the Chief Executive Officer of the Company (“Chief Executive”) and the employees that constitute the senior leadership team and leadership team, as determined in accordance with the Company’s internal organizational
structure; provided that the Company may determine the specific members of the Executive Team from time to time, and at any particular time. However, the Company shall, effective immediately prior to the effective time of a Change in Control,
determine and communicate the list of Eligible Executives, and such determination shall be final and binding on all parties. 

Notwithstanding any other provision of this Policy, absent a Change in Control, severance benefits for Eligible Executives will be provided
under the terms and conditions of the Oncor Executive Severance Plan and not under this Policy. In this connection, it is the intent of the Company that Eligible Executives not be eligible for duplicate severance benefits under multiple plans. 

3. Available Benefits. In the event that: (i) an Eligible Executive is terminated without Cause by the Company, any
Subsidiary, a Surviving Corporation, or any of their respective subsidiaries, or (ii) an Eligible Executive resigns with Good Reason from his or her employment with the Company, any Subsidiary, a Surviving Corporation, or any of their
respective subsidiaries, in either the case of (i) or (ii) within twenty-four (24) months following a Change in Control, the Eligible Executive will, subject to his or her timely execution of, and subsequently not revoking, the
Agreement and Release provided for in Section 5 hereof, be entitled to receive the following benefits: 

 (a) Cash Severance Payments. Eligible Executives will receive the following cash severance
benefits: 
 A one-time lump sum cash severance payment in an amount equal to the greater of: (A) a multiple of the aggregate of
(1) the Eligible Executive’s annualized base salary in effect immediately before the termination or resignation, or the Executive’s annualized base salary in effect as of the Change in Control, whichever is greater, plus (2) the
Eligible Executive’s target annual incentive award for the year of the termination or resignation, or (B) the amount determined under the Oncor Severance Plan for non-executive employees based on the Eligible Executive’s annualized
base salary in effect immediately before the termination or resignation, or the Executive’s annualized base salary in effect as of the Change in Control, whichever is greater. The multiple will be determined as set forth in the following table,
and will be based on the Eligible Executive’s position with the Company immediately prior to the termination or resignation, or the Eligible Executive’s position immediately prior to the Change in Control, whichever position is more
senior: 
  

			
	 Position
	  	Multiple of Base Salary
plus 
Target Annual Incentive
	 Chief Executive Officer, Chief Financial Officer and General Counsel
	  	3x
	 All other members of Executive Team
	  	2x

 The severance payments described above will be paid to the Eligible Executive sixty (60) days after his
or her termination or resignation (the “Payment Date”), provided that the Eligible Executive has delivered to the Company, prior to the Payment Date, a signed Agreement and Release that, pursuant to its terms, is no longer revocable. If
the Eligible Executive has not delivered to the Company a signed and unrevocable Agreement and Release prior to the Payment Date, the severance payments described above will not be paid to the Eligible Executive. The severance payments will be
subject to all applicable tax withholdings and, to the extent permitted by Code Section 409A, may also be reduced by the amount of any obligations which the Eligible Executive owes to the Company. Such obligations may include, but not be
limited to, some or all of the following: 
  

	 	(A)	The entire balance, if any, owed under the Company’s appliance purchase plan, energy conservation program or employee relocation plan; and 

 

	 	(B)	Any amounts owed on Company issued or sponsored travel or credit cards or any other expenses or payments for which the Company should be reimbursed. 

  
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 (b) Pro Rata Target Bonus. At the same time (and subject to the same conditions) that an
Eligible Executive receives a cash severance payment under Section 3(a), the Eligible Executive shall also receive a cash severance payment in an amount equal to a pro rata portion of the Eligible Executive’s target annual incentive award
for the year of termination of employment (with such pro rata portion being the portion of the calendar year of termination that has been completed when the Eligible Executive’s employment is terminated). 

(c) Health Care Benefits. Eligible Executives will be eligible for continued health care coverage under the Company’s health care
plans for the applicable COBRA period. The required contribution by the Eligible Executive for such continued coverage will be the applicable employee rate, for the period shown in the following table, unless and until the Eligible Executive becomes
eligible for coverage for a particular type of group health benefit through employment with another employer, at which time the required contribution for continuing such benefit coverage hereunder shall be the applicable COBRA rate for such benefit.
The period of continued health care coverage provided for herein shall run concurrently with the Eligible Executive’s available COBRA coverage period. 
  

			
	 Position
	  	Period of Continued
Health Care Coverage
	 Chief Executive Officer
	  	18 Months
	 Member of Executive Team
	  	18 Months

 If an Eligible Executive is covered under the Company’s health care plans through the end of such
eighteen (18) month period and the Eligible Executive is not eligible for coverage for a particular type of group health benefit through employment with another employer, then such Eligible Executive may, at the end of such eighteen
(18) month period, continue participation in the Company’s health care plans at the applicable COBRA rate for such coverage for the period in the following table: 
  

			
	 Position
	  	Period of Subsidized Premium
for Health Care Coverage
	 Chief Executive Officer
	  	18 Months
	 Member of Executive Team
	  	6 Months

 The Company shall reimburse the Eligible Executive, on a monthly basis, in an amount equal to the difference
between the applicable employee rate for such health care coverage and the COBRA rate paid by the Eligible Executive for that coverage during such subsequent coverage period. 

(d) Outplacement Assistance. Eligible Executives will be eligible for payment or reimbursement by the Company of reasonable expenses
incurred for outplacement services performed by an independent executive outplacement consulting firm selected by the Company, for up to the period set forth in the following chart, and the cost of outplacement services shall be paid or reimbursed
no later than the end of the second year following the year in which the Eligible Executive incurred a termination or resignation of employment with the Company or any of its Subsidiaries. The maximum outplacement assistance payment or reimbursement
shall be $40,000 for the Chief Executive Officer, and $25,000 for other members of the Executive Team. 

  
 3 

			
	 Position
	  	Period of Outplacement Services
	 Chief Executive Officer
	  	18 Months
	 Member of Executive Team
	  	1 Year

 (e) Final Paycheck and Vacation. Eligible Executives will receive their final paycheck, as well as pay
for vacation, if any, pursuant to the Company’s standard payroll and/or vacation policy. 
 (f) Other Benefit Plans. Eligible
Executives will receive any vested, accrued benefits to which they have become entitled under any of the Company’s employee benefit plans covering the Eligible Executive in accordance with and subject to the respective provisions of such
employee benefit plans as they may be amended from time to time. 
 (g) Tax Gross-up. If any payment, distribution or provision of a
benefit hereunder (a “Payment”) would be subject to an excise tax pursuant to Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended (“Code”), or any interest or penalties with respect to such excise or other
additional tax (such excise tax, together with any such interest or penalties, are hereinafter collectively referred to as the “Excise Tax”), the Company, Surviving Corporation or any Subsidiary, as applicable (for purposes of this
Section, all such entities are referred to as the “Gross-up Obligor”) shall pay to the Eligible Executive an additional payment (“Gross-up Payment”) in an amount such that, after payment by the Eligible Executive of all taxes
(including any interest or penalties imposed with respect to such taxes), including any income taxes and Excise Taxes imposed on any Gross-up Payment, the Eligible Executive retains an amount of the Gross-up Payment equal to the Excise Tax imposed
upon the Payments. Notwithstanding the foregoing, however, if the aggregate value of the Payments (as determined in accordance with Code Section 280G) is less than 110% of the product (such product to be referred to herein as the “Excise
Tax Threshold”) of three times the Eligible Executive’s “base amount” (as such term is defined in Code Section 280G), then the Eligible Executive shall not be entitled to a Gross-up Payment and the Payments shall be reduced
by the Company so that their aggregate value is equal to $1.00 less than the Excise Tax Threshold. If any payment or benefit intended to be provided under this Policy must be reduced in accordance with this Section, the Company shall designate the
payments and/or benefits to be so reduced in order to give effect to this Section. The reduction shall first come from payments or benefits that are not permitted to be valued under Q&A 24(c) of Treasury regulation
Section 1.280G-1 and then by payments or benefits that are permitted to be valued under Q&A 24(c) of Treasury regulation Section 1.280G-1. The Gross-up
Obligor will coordinate with the Eligible Executive to make an initial determination as to whether a Gross-up Payment is required and the amount of any such Gross-up Payment. The Eligible Executive shall notify the Gross-up Obligor in writing of any
claim by the Internal Revenue Service which, if successful, would require a Gross-up Payment (or a Gross-up Payment in excess of that initially determined). The Gross-up Obligor shall notify the Eligible Executive in writing at least ten
(10) business days prior to the due date of any response required with respect to such claim if it plans to contest the claim. If the Gross-up Obligor 

  
 4 

 
decides to contest such claim, the Eligible Executive shall cooperate with the Gross-up Obligor in such action; provided, however, the Gross-up Obligor shall bear and pay all costs and expenses
(including additional interest and penalties) incurred in connection with such action and shall indemnify and hold the Eligible Executive harmless, on an after-tax basis, for any Excise Tax or income tax, including interest and penalties with
respect thereto, imposed as a result of the Gross-up Obligor’s action. If, as a result of the Gross-up Obligor’s action with respect to any such claim, the Eligible Executive receives a refund of any amount paid by the Gross-up Obligor
with respect to such claim, the Eligible Executive shall promptly pay such refund to the Gross-up Obligor. If the Gross-up Obligor fails to timely notify the Eligible Executive whether it will contest such claim or the Gross-up Obligor determines
not to contest such claim, then the Gross-up Obligor shall immediately pay to the Eligible Executive the portion of such claim, if any, which it has not previously paid to the Eligible Executive. 

Notwithstanding anything to the contrary in the foregoing provisions of this Section 3(g), the payment of the Gross-up Payment, if any,
shall be made no later than two (2) and one-half months (1/2) after the end of the calendar year in which the right to such payment is no longer subject to a “substantial risk of forfeiture” (as such term is described under Code
Section 409A); except if the Gross-up Payment is a “deferral of compensation” (as such term is described under Code Section 409A), then the following provisions of this paragraph shall apply. If the Gross-up Payment is a deferral
of compensation, (i) payment of the portion of the Gross-up Payment that is taxes shall not be made later than December 31 of the year next following the year in which the Excise Tax is remitted to the taxing authority; (ii) payment
of the portion of the Gross-up Payment that is interest or penalties incurred by the Eligible Executive with respect to such taxes shall not be made later than December 31 of the year next following the year in which the Eligible Executive
incurs such interest or penalties, as applicable; and (iii) reimbursement of expenses incurred due to a tax audit or litigation addressing the existence or amount of a tax liability, whether federal, state, local or foreign, shall not be made
later than the end of the year following the year in which the taxes that are the subject of the audit or litigation are remitted to the taxing authority, or where as a result of such audit or litigation no taxes are remitted, the end of the year
following the year in which the audit is completed or there is a final nonappealable settlement or other resolution of the litigation. If the Gross-up Payment is a deferral of compensation, the amount of interest and penalties eligible for payment
or reimbursement in any year shall not affect the amount of such interest and penalties eligible for payment or reimbursement in any other year, nor shall such right to payment or reimbursement be subject to liquidation or exchange for another
benefit. Notwithstanding the foregoing provisions of this Section 3(g) that are applicable to deferrals of compensation, if (i) the Gross-up Payment is a deferral of compensation, (ii) the Eligible Executive is a “specified
employee” under Code Section 409A upon the Eligible Executive’s termination or resignation of employment, and (iii) all or any portion of the Gross-up Payment is considered made upon the Eligible Executive’s termination or
resignation of employment, the portion of the Gross-up Payment which is considered made upon the Eligible Executive’s termination or resignation of employment shall not be made until the earlier to occur of the Eligible Executive’s death
or the date that is six (6) months and one (1) day following the Eligible Executive’s termination or resignation of employment. 

  
 5 

 4. Restrictive Covenants. For a period of one (1) year after a termination of
employment contemplated in this Policy, Eligible Executives shall not solicit, recruit, induce, encourage or in any way cause any employee, consultant or contractor then engaged by the Company or its affiliates to terminate his/her employment or
contractual relationship with the Company or its affiliates. Eligible Executives shall maintain in strictest confidence and not use in any way or publish, disclose or authorize anyone else to use, publish or disclose any proprietary, confidential or
other non-public information or document relating to the business affairs of the Company or its affiliates. Eligible Executives shall not disparage the Company or its affiliates. 

5. Agreement and Release. Notwithstanding any other provisions of this Policy, any Eligible Executive’s eligibility for any
of the benefits described herein will be subject to, and conditioned upon, the Eligible Executive executing, and not subsequently revoking, an Agreement and Release in the form attached hereto as Exhibit A. 

6. Definition of Cause. For purposes of this Policy, a termination for “Cause” shall mean any one or more of the
following: (a) as such term may be defined in any employment agreement or change-in­ control agreement in effect at the time of termination of employment between the Eligible Executive and the Company, or, (b) if there is no such
employment or change-in-control agreement, “Cause” means, with respect to a Eligible Executive: (i) if, in carrying out his or her duties to the Company, Eligible Executive engages in conduct that constitutes (A) a breach of his
or her fiduciary duty to the Company, its Subsidiaries or their shareholders, (B) gross neglect or (C) gross misconduct resulting in material economic harm to the Company or its Subsidiaries, taken as a whole, or (ii) upon the
indictment of the Eligible Executive, or the plea of guilty or nolo contendere by Eligible Executive to, a felony or a misdemeanor involving moral turpitude. 

7. Definition of Good Reason. For purposes of this Policy, the term “Good Reason” shall mean any one or more of the
following events or actions which are taken without the express, voluntary consent of the Eligible Executive: (a) a material reduction in the Eligible Executive’s base salary, other than a broad-based reduction of base salaries of all
similarly situated executives of the Surviving Corporation or subsidiary, as applicable, unless such broad-based reduction only applies to former executives of Oncor; (b) a material reduction in the aggregate level or value of benefits for
which the Eligible Executive is eligible, immediately prior to the Change in Control, other than a broad-based reduction applicable on a comparable basis to all similarly situated executives; (c) a material reduction in the Eligible
Executive’s authority, duties, responsibilities or title, including a material reduction in the budget over which the Eligible Executive retains authority; or (d) the Eligible Executive is required to permanently relocate outside of a
fifty (50) mile radius of the Eligible Executive’s principal residence in order to perform his or her duties hereunder. 
 8.
Definition of Change in Control. For purposes of this Policy, the term “Change in Control” shall mean, in one or a series of related transactions, (i) the sale of all or substantially all of the consolidated assets or
capital stock of Energy Future Holdings Corp. (“EFH”), Oncor Electric Delivery Company Holdings LLC (“Oncor Holdings”) or Oncor to a person (or group of persons acting in concert) who is not an Affiliate of any member of the
Sponsor Group (defined below); (ii) a merger, recapitalization or other sale by EFH Corp., any member of the Sponsor Group or their Affiliates, to a person (or group of persons acting in concert) of the common stock of EFH, no par value
(“EFH Common Stock”) that results in more than 50% of the EFH 

  
 6 

 
Common Stock (or any resulting company after a merger) being held by a person (or group of persons acting in concert) that does not include any member of the Sponsor Group or any of their
respective Affiliates; or (iii) a merger, recapitalization or other sale of EFH Common Stock by EFH, any member of the Sponsor Group or their Affiliates, after which the Sponsor Group owns less than 20% of the EFH Common Stock, and has the
ability to appoint less than a majority of the directors to the board of directors of EFH (or of any resulting company after a merger); and with respect to any of the events described in clauses (i) and (ii) above, such event results in
any person (or group of persons acting in concert) gaining control of more seats on the board of directors of EFH than the Sponsor Group; provided however, that notwithstanding the foregoing, (x) clause (i) above shall be deemed not to
include any reference to EFH, and clauses (ii) and (iii) shall not apply, in each case, for purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions upon Transfers of Oncor Units or
equity units of Oncor Holdings, (y) clause (i) above shall be deemed not to include any reference to Oncor Holdings for purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions upon
Transfers of Oncor Units and (z) clause (i) above shall be deemed not to include any reference to Oncor for the purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions upon
Transfer of equity units of Oncor Holdings. For purpose of this policy, “Sponsor Group” means investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P., TPG Capital, L.P. and Goldman Sachs & Co.,
“Transfers” means to, directly or indirectly, transfer, sell, assign, pledge, hypothecate or otherwise dispose of Oncor Units, and “Oncor Units” means equity interests in Oncor or any Affiliate of Oncor (the material assets of
which consist only of its direct or indirect interest in Oncor, or the assets of Oncor) used for the purposes of effecting a public offering of the vehicle holding the assets of Oncor. Notwithstanding the foregoing, should a Change in Control occur
under clauses (i) through (iii) above with respect to the assets or capital stock of EFH, a Change in Control will not be deemed to have occurred unless such Change in Control would result in the material amendment or interference with the
Separateness Undertakings under Section 10(i)(vi) of the Second Amended and Restated Limited Liability Company Agreement of Oncor Electric Delivery Company LLC and any amendments thereto (the “LLC Agreement”), or would adversely
change or modify the definition of an Independent Director under Schedule A to the LLC Agreement. 
 9. Legal Fees. The Company
shall pay or reimburse all reasonable legal fees and expenses incurred by an Eligible Employee in disputing in good faith the Eligible Employee’s benefits under this Policy, up to a maximum of $250,000 in the aggregate. Such payments or
reimbursements shall be made within thirty (30) business days after delivery of the Eligible Employee’s written request for such payment or reimbursement, accompanied by such evidence as the Company may reasonably require. 

In order to comply with Code Section 409A, in no event shall any payments made by the Company under this Section 9 be made later
than the end of the calendar year next following the calendar year in which such fees and expenses were incurred; provided, however, that the Eligible Employee shall have submitted the written request for payment or reimbursement at least thirty
(30) days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred. The amount of such legal fees and expenses that the Company is obligated to pay or reimburse in any calendar year
shall not affect the amount of legal fees and expenses that the Company is obligated to pay or reimburse in any other calendar year, and the Eligible Employee’s right to have the Company pay or reimburse such legal fees and expenses may not be
liquidated or exchanged for any other benefit. 

  
 7 

 10. Successor Bound by Policy. It is the intent of the Company that this Policy
will be assumed by, and be binding upon, a successor employer of an Eligible Executive following a Change in Control. The Company intends to seek the express assumption of this Policy by any such successor employer. If a successor employer fails or
refuses to expressly assume this Policy prior to the effective date of a Change in Control, the Eligible Executives will, effective immediately prior to the effective time of a Change in Control, be eligible for the benefits provided for in this
Policy upon each of their respective termination or resignation of employment, with or without Good Reason. 
 11. Amendments.
This Policy may be amended at any time by the Board of Directors of the Company (“Board”) or a duly authorized committee thereof; provided, however, that no such amendment that materially adversely affects the benefits available to
Eligible Executives may be made (a) at a time that the Company is in the process of negotiating, with the approval of the Board or a duly authorized committee thereof, with a third party pursuant to a letter of intent, memorandum of
understanding, confidentiality agreement or other similar evidence of active negotiation concerning a potential transaction or event which, if consummated, would constitute a Change in Control, or (b) within 24 months following a Change in
Control. 
 12. Code Section 409A. 

(a) Notwithstanding any provision of this Policy to the contrary, the time and form of any payment described in this Policy shall be made in
accordance with the applicable Section of the Policy (including expense reimbursements), provided that with respect to termination or resignation of employment for reasons other than death, the payment or benefit at such time can be characterized as
a “short-term deferral” for purposes of Code Section 409A or as otherwise exempt from the provisions of Code Section 409A, or if any portion of the payment cannot be so characterized, and the Eligible Executive is a
“specified employee” under Code Section 409A, such portion of the payment shall be delayed until the earlier to occur of the Eligible Executive’s death or the date that is six (6) months and one (1) day following the
Eligible Executive’s termination or resignation of employment (the “Delay Period”). Upon the expiration of the Delay Period, all payments delayed pursuant to this Section 10 shall be paid or reimbursed to the Eligible Executive
in a lump sum, and any remaining payments shall be payable at the same time and in the same form as such amounts would have been paid in accordance with the applicable Section of the Policy. For purposes of the Policy, the terms
“terminated,” “termination from employment,” “resigns for Good Reason,” “termination or resignation of employment” and variations thereof, as used in this Policy, are intended to mean a termination of
employment that constitutes a “separation from service” under Code Section 409A. 
 (b) Except as otherwise permitted under
Code Section 409A and the guidance and Treasury regulations issued thereunder, the time or schedule of any payment or amount scheduled to be paid pursuant to the Policy may not be accelerated. 

  
 8 

 (c) The Policy and the benefits provided hereunder are intended to comply with Code
Section 409A to the extent applicable thereto. Notwithstanding any other provision of the Policy to the contrary, the Policy shall be interpreted and construed consistent with this intent. Notwithstanding the foregoing, the Company shall not be
required to assume any increased economic burden in connection therewith. Although the Company intends to administer the Policy so that it will comply with the requirements of Code Section 409A, the Company does not represent or warrant that
the Policy will comply with Code Section 409A or any other provision of federal, state, local, or non-United States law. Neither the Company, its Subsidiaries, nor their respective directors, officers, employees or advisers shall be liable to
any Eligible Executive (or any other individual claiming a benefit through an Eligible Executive) for any tax, interest, or penalties the Eligible Executive may owe as a result of participation in the Policy, and the Company and its Subsidiaries
shall have no obligation to indemnify or otherwise protect any Eligible Executive from the obligation to pay any taxes pursuant to Code Section 409A. 
  

			
	ONCOR ELECTRIC DELIVERY COMPANY LLC
		
	By:	 	/s/ Deborah L. Dennis
		 	Deborah L. Dennis
		 	Senior Vice President, Human Resources & Corporate Affairs
	
	 Date: October 21, 2014

  
 9 

 Exhibit A 

AGREEMENT AND RELEASE 

(EXECUTIVE CHANGE IN CONTROL POLICY) 

Pursuant to the terms of the Oncor Electric Delivery Company (the “Company”) Second Amended and Restated Executive Change in Control
Policy (the “Change in Control Policy”), the Company has offered to pay me $             as a Cash Severance Payment, and
$             as a Pro Rata Target Bonus, as well as to provide healthcare benefits, out-placement assistance, and other applicable benefits under the terms of the Change in Control Policy.
In consideration for the agreements set forth herein, including but not limited to, my severing my employment with the Company, and waiving all claims and releasing the Company, its affiliates and employee benefit plans and their directors,
officers, fiduciaries, employees, and agents from liability and damages related to my employment, and severance of employment, I choose to accept this offer. I acknowledge and agree that my decision to accept this offer has been made by me on a
voluntary basis. No other promise, inducement, threat, agreement or understanding of any kind or description whatsoever has been made with or to me by any person or entity to cause me to sign this Agreement and Release (the “Agreement”).

 In exchange for the Company’s payment to me and the other promises contained herein, I individually and on behalf of my spouse,
heirs, successors and assigns, waive all claims and release the Company, its past, present and future, parents, subsidiaries, affiliates, divisions, successors, predecessors, and related companies, and each of the aforementioned entities’ past,
present, and future shareholders, owners, investors, managers, principals, committees, administrators, sponsors, executors, trustees, partners, assigns, representatives, attorneys, directors, officers, fiduciaries, employees and agents; and any
employee benefit plans maintained by the Company, its past, present and future parents, subsidiaries, affiliates, divisions, successors and predecessors and the fiduciaries, consultants, agents and service providers of each such plan (collectively,
the “Released Parties”) from and against all liability and damages related in any way to my employment with, or severance from, the Company or any of the Released Parties or to any acts or omissions relating to any matter prior to and
including the date I sign the Agreement. This waiver and release includes, but is not limited to, all claims and causes of action for discrimination (based on sex, age or any other protected characteristic) and all claims and causes of action under
Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended; the Civil Rights Act of 1866; the Texas Commission on Human Rights Act; the Americans with
Disabilities Act; the Older Workers Benefit Protection Act of 1990; the Sarbanes-Oxley Act of 2002; the Fair Labor Standards Act; the Employee Retirement Income Security Act of 1974, as amended; the Worker Adjustment and Retraining Notification Act;
the Family and Medical Leave Act; the Texas Labor Code; all state and federal statutes and regulations; all oral or written contract rights, including any rights under any Company incentive plan or program; and all rights under common law such as
breach of contract, declaratory judgment, tort or personal injury of any sort. I acknowledge and agree that I have been provided and/or have not been denied any leave requested under the Family and Medical Leave Act. 

  
 10 

 I understand that signing this Agreement is an important legal act. I understand that I am
releasing any claims I may have under the Age Discrimination in Employment Act, which prohibits discrimination on the basis of age. I acknowledge that the Company has advised me to consult an attorney before signing this Agreement. I acknowledge
that I have at least twenty-one (21) days from the day I receive this offer to consider this Agreement, and that I must sign this Agreement and mail or deliver it to the Company’s Senior Vice President, Human Resources, Oncor Electric
Delivery Company LLC, 1616 Woodall Rodgers Freeway, Dallas, Texas 75202, by the end of the twenty-first (21st) day after my receipt of this offer, for my election to participate in this Agreement and receive the benefits available thereunder to
be effective. 
 I understand that this Agreement also precludes me from recovering any relief as a result of any lawsuit, grievance or
claim brought on my behalf provided that nothing in this Agreement will affect my entitlement, if any, to workers’ compensation or unemployment compensation. Nothing in this Agreement restricts me from pursuing a claim for vested, accrued
benefits to which I am entitled as a terminated employee under the terms of any Company employee benefit plan in which I participate. 

Additionally, nothing in this Agreement restricts me in any way from communications with, filing a charge or complaint with, or full
cooperation in the investigations of, any governmental agency on matters within their jurisdictions or from cooperating with the Company or Company-sponsored plans in any internal investigation. However, as stated above, this Agreement does prohibit
me from recovering any relief, including monetary relief, as a result of such activities. 
 I represent and warrant that I have previously
disclosed and advised the Company of all instances of regulatory violations or potential noncompliance of law by the Company or any of the Released Parties of which I am aware and have provided all information related to these issues in my
possession. 
 I agree that in the course of my duties, I have acquired information of a proprietary and/or confidential nature relating to
the business of the Company, including but not limited to, financial data and information, performance and operational information, transaction related information, including contract terms and contract related costs, billing data, customer lists
and information, information related to prospective customers and business, marketing and sales plans and related information, business and operational plans, projects, developments, studies, strategies, reports, and analyses, business models,
practices, procedures and processes, personnel related information, non-public pricing and related information, including pricing curves, guidelines, models and methodologies, communications plans, non-public governmental related filings, positions
and reports. I agree to maintain in strictest confidence and not to use in any way, publish, disclose or authorize anyone else to use, publish or disclose any proprietary, confidential or other non-public information or document relating to the
business or affairs of the Company, or its affiliates. I agree not to remove or retain any figures, calculations, letters, documents, lists, papers, or copies thereof, which embody confidential and/or proprietary information of the Company or its
affiliates and to immediately return any such information in my possession. I acknowledge the reasonableness of this paragraph in light of the confidential business information to which I had access in my position with the Company, and the need for
the Company to protect its investment in the confidential business information. I also agree that a breach of this paragraph, or my ongoing confidentiality obligations, would cause immediate and irreparable loss, damage and injury to the Company;
that damages for such a breach would be 

  
 11 

 
exceedingly difficult, if not impossible, to estimate; and that the Company would have no adequate remedy at law. Accordingly, I acknowledge that injunctive relief would be appropriate relief for
such breach, in addition to any other remedies at law or in equity that the Company may have, including recoupment of the benefits I will receive pursuant to this Agreement. 

I further agree to return all Company property in my possession, custody or control, including but not limited to credit cards, membership
cards, access cards or keys, identification badges, computers, software, cell phones, radios, Company issued logo-branded uniforms or clothing, customer and supplier lists and information and other items provided in the Company’s policies. 

I agree to cooperate fully and assist the Company or any affiliates of the Company in any litigation, claims, grievances, arbitrations, or
disputes about which I have knowledge. 
 I agree that I will not make any false, disparaging or defamatory statement(s) or communication(s)
to any third party regarding the Company or any of the Released Parties or the products, services, business or management of the Company or any other Released Party. The Parties recognize that neither this provision, nor any other provision
contained herein, prohibits either party from providing truthful testimony as required by law, subpoena or other compulsory process. 
 I
agree that for a period of one year after my termination of employment with the Company, I will not solicit, recruit, induce, encourage or in any way cause any employee, consultant or contractor then engaged by the Company or any affiliate to
terminate an employment or contractual relationship with the Company of any affiliate. 
 I understand and agree that any amounts which I
owe the Company, or any affiliates of the Company, including but not limited to appliance purchase balances, energy conservation balances, vacation overpayment, travel expense advances, and salary over-payments resulting from prior receipt of
workers’ compensation, will be offset and deducted from my final paycheck from the Company and/or the payment under this Agreement, and I agree that, if the amount of my final paycheck and payment under this Agreement is not sufficient to fully
repay the amount owed, I will promptly pay the Company the full remaining amount owed. 
 I acknowledge and agree that none of the Released
Parties has given me any financial planning, tax or similar advice with regard to the benefits under this agreement. I acknowledge further that the financial, tax and similar effects of my decisions relating to the benefits will depend on my
particular circumstances, that I should obtain advice from my own financial or tax adviser, and that none of the Released Parties are responsible for, or obligated in any way with respect to, the financial, tax or any other consequences of my
decision to accept the benefits. 
 If any term, provision, covenant, or restriction of this Agreement is held by a court of competent
jurisdiction to be invalid, void or unenforceable, the remainder of this Agreement and the other terms, provisions, covenants and restrictions hereof shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

  
 12 

 I understand that for a period of seven (7) days following the signing of this Agreement, I
may revoke my acceptance of the offer by either delivering or mailing a written statement revoking my acceptance to the Company’s Senior Vice President, Human Resources, Oncor Electric Delivery Company LLC, 1616 Woodall Rodgers Freeway, Dallas,
TX 75202, and this Agreement will not become effective. In the event I so revoke my acceptance of the offer, the Company shall have no obligation to provide me any benefits contemplated herein. If timely revocation is not made, this Agreement shall
be effective and enforceable. 
 I have read this Agreement and I fully understand all of its terms and what they mean. I enter into and
sign this Agreement knowingly and voluntarily, without duress or coercion of any kind whatsoever and with the intent of being bound by the Agreement. 
  

					
	  
 Date
	  		  	  
 Employee Signature

			
		  		  	  
 Employee Name (Please
Print)

			
		  		  	  
 Social Security Number

  
 13

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