Document:

Form of Medium-Term Notes, Series K, Principal at Risk Securities

 Exhibit 4.1 

[Face of Note] 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative
of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. 
  

	 CUSIP NO. 94986RWP2 
	
FACE AMOUNT: $                   
      

 REGISTERED NO. __ 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the 

SPDR® S&P 500® ETF
Trust due November 6, 2020 
 WELLS FARGO & COMPANY, a corporation duly organized and existing under the
laws of the State of Delaware (hereinafter called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or
registered assigns, an amount equal to the Redemption Amount (as defined below), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, on the Stated Maturity Date.
The “Initial Stated Maturity Date” shall be November 6, 2020. If the Calculation Day (as defined below) is not postponed, the Initial Stated Maturity Date will be the “Stated Maturity Date.” If the Calculation
Day is postponed, the “Stated Maturity Date” shall be the later of (i) the Initial Stated Maturity Date and (ii) the third Business Day (as defined below) after the Calculation Day as postponed. This Security shall not
bear any interest. 
 Any payments on this Security at Maturity will be made against presentation of this Security at the
office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose. 

“Face Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this
Security as its “Face Amount.” 

 Determination of Redemption Amount 

The “Redemption Amount” of this Security will equal: 

 

	 	•	 	 if the Ending Price is greater than the Starting Price: the lesser of: 

 

	 	(i)	 the Face Amount plus: 

  

																	
			 		   Face Amount  x  

 
		 		  Ending Price – Starting Price  		 		   x  Participation Rate  

 
		 		 ; and

 

			 			 		Starting Price		 			 	

  

	 	(ii)	 the Capped Value; 

  

	 	•	 	 if the Ending Price is less than or equal to the Starting Price, but greater than or equal to the Threshold Price: the Face Amount; or

  

	 	•	 	 if the Ending Price is less than the Threshold Price: the Face Amount minus: 

 

											
			 		  Face Amount  x  

 
		  Threshold Price – Ending Price  		 		
			 			Starting Price		 		

 All calculations with respect to the Redemption Amount will be rounded to the nearest one hundred-thousandth,
with five one-millionths rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Redemption Amount will be rounded to the nearest cent, with one-half cent rounded upward. 

The “Fund” shall mean the SPDR S&P 500 ETF Trust. 

The “Pricing Date” shall mean April 30, 2015. 

The “Starting Price” is $208.52, the Fund Closing Price of the Fund on the Pricing Date. 

The “Ending Price” will be the Fund Closing Price of the Fund on the Calculation Day. 

The “Fund Closing Price” with respect to the Fund on any Trading Day means the product of (i) the
Closing Price of one share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment Factor applicable to the Fund on such Trading Day. 

The “Closing Price” with respect to a share of the Fund (or one unit of any other security for which a
Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States
securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. 

  
 2 

 The “Adjustment Factor” means, with respect to a share of the
Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund;
Alternate Calculation —Anti-dilution Adjustments” below. 
 The “Threshold Price” is $166.816,
which is equal to 80% of the Starting Price. 
 The “Participation Rate” is 150%. 

The “Capped Value” is 158.50% of the Face Amount of this Security. 

The “Underlying Index” shall mean the S&P 500 Index. 

“Business Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day
on which banking institutions are authorized or required by law or regulation to close in New York, New York. 
 A
“Trading Day” with respect to the Fund means a day, as determined by the Calculation Agent, on which the Relevant Stock Exchange (as defined below) and each Related Futures or Options Exchange (as defined below) with respect to the
Fund, or any successor thereto, if applicable, are scheduled to be open for trading for their respective regular trading sessions. 

The “Relevant Stock Exchange” for the Fund means the primary exchange or quotation system on which shares (or
other applicable securities) of the Fund are traded, as determined by the Calculation Agent. 
 The “Related Futures
or Options Exchange” for the Fund means each exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the Fund. 

The “Calculation Day” shall be October 30, 2020. If such day is not a Trading Day, the Calculation Day
will be postponed to the next succeeding Trading Day. The Calculation Day is also subject to postponement due to the occurrence of a Market Disruption Event (as defined below). If a Market Disruption Event occurs or is continuing with respect to the
Fund on the Calculation Day, such Calculation Day will be postponed to the first succeeding Trading Day on which a Market Disruption Event has not occurred and is not continuing; however, if such first succeeding Trading Day has not occurred as of
the eighth Trading Day after the originally scheduled Calculation Day, that eighth Trading Day shall be deemed the Calculation Day. If the Calculation Day has been postponed eight Trading Days after the originally scheduled Calculation Day and a
Market Disruption Event occurs or is continuing with respect to the Fund on such eighth Trading Day, the Calculation Agent will determine the Closing Price of the Fund on such eighth Trading Day based on its good faith estimate of the value of the
shares (or other applicable securities) of the Fund as of the Close of Trading (as defined below) on such eighth Trading Day. See “—Market Disruption Events.” 

“Calculation Agent Agreement” shall mean the Calculation Agent Agreement dated as of March 18, 2015
between the Company and the Calculation Agent, as amended from time to time. 

  
 3 

 “Calculation Agent” shall mean the Person that has entered into
the Calculation Agent Agreement with the Company providing for, among other things, the determination of the Ending Price and the Redemption Amount, which term shall, unless the context otherwise requires, include its successors under such
Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time to time after the initial issuance of this
Security without the consent of the Holder of this Security and without notifying the Holder of this Security. 
 Market Disruption Events

 A “Market Disruption Event” means, with respect to the Fund, any of the following events as
determined by the Calculation Agent in its sole discretion: 
  

	 	(A)	 The occurrence or existence of a material suspension of or limitation imposed on trading by the Relevant Stock Exchange or otherwise relating to
the shares (or other applicable securities) of the Fund or any Successor Fund (as defined below) on the Relevant Stock Exchange at any time during the one-hour period that ends at the Close of Trading on such day, whether by reason of movements in
price exceeding limits permitted by such Relevant Stock Exchange or otherwise. 

  

	 	(B)	 The occurrence or existence of a material suspension of or limitation imposed on trading by any Related Futures or Options Exchange or otherwise in
futures or options contracts relating to the shares (or other applicable securities) of the Fund or any Successor Fund on any Related Futures or Options Exchange at any time during the one-hour period that ends at the Close of Trading on that day,
whether by reason of movements in price exceeding limits permitted by the Related Futures or Options Exchange or otherwise. 

  

	 	(C)	 The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs the ability of market participants in
general to effect transactions in, or obtain market values for, shares (or other applicable securities) of the Fund or any Successor Fund on the Relevant Stock Exchange at any time during the one-hour period that ends at the Close of Trading on that
day. 

  

	 	(D)	 The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs the ability of market participants in
general to effect transactions in, or obtain market values for, futures or options contracts relating to shares (or other applicable securities) of the Fund or any Successor Fund on any Related Futures or Options Exchange at any time during the
one-hour period that ends at the Close of Trading on that day. 

  

	 	(E)	 The closure of the Relevant Stock Exchange or any Related Futures or Options Exchange with respect to the Fund or any Successor Fund prior to its
Scheduled Closing Time unless the earlier closing time is announced by the Relevant Stock Exchange or Related Futures or Options Exchange, as applicable, at least one hour prior to the earlier of (1) the actual closing time for the regular
trading 

  
 4 

	 	 
session on such Relevant Stock Exchange or Related Futures or Options Exchange, as applicable, and (2) the submission deadline for orders to be entered into the Relevant Stock Exchange or
Related Futures or Options Exchange, as applicable, system for execution at the Close of Trading on that day. 

  

	 	(F)	 The Relevant Stock Exchange or any Related Futures or Options Exchange with respect to the Fund or any Successor Fund fails to open for trading
during its regular trading session. 

 For purposes of determining whether a Market Disruption Event has
occurred: 
  

	 	(1)	 “Close of Trading” means the Scheduled Closing Time of the Relevant Stock Exchange with respect to the Fund or any Successor Fund;
and 

  

	 	(2)	 the “Scheduled Closing Time” of the Relevant Stock Exchange or any Related Futures or Options Exchange on any Trading Day for the
Fund or any Successor Fund means the scheduled weekday closing time of such Relevant Stock Exchange or Related Futures or Options Exchange on such Trading Day, without regard to after hours or any other trading outside the regular trading session
hours. 

 Anti-dilution Adjustments Relating to the Fund; Alternate Calculation 

Anti-dilution Adjustments 

The Calculation Agent will adjust the Adjustment Factor with respect to the Fund as specified below if any of the events
specified below occurs with respect to the Fund and the effective date or ex-dividend date, as applicable, for such event is after the Pricing Date and on or prior to the Calculation Day. 

The adjustments specified below do not cover all events that could affect the Fund. The Calculation Agent may, in its sole
discretion, make additional adjustments to any terms of this Security upon the occurrence of other events that affect or could potentially affect the market price of, or shareholder rights in, the Fund, with a view to offsetting, to the extent
practical, any such change, and preserving the relative investment risks of this Security. In addition, the Calculation Agent may, in its sole discretion, make adjustments or a series of adjustments that differ from those described herein if the
Calculation Agent determines that such adjustments do not properly reflect the economic consequences of the events specified herein or would not preserve the relative investment risks of this Security. All determinations made by the Calculation
Agent in making any adjustments to the terms of this Security, including adjustments that are in addition to, or that differ from, those described herein, will be made in good faith and a commercially reasonable manner, with the aim of ensuring an
equitable result. In determining whether to make any adjustment to the terms of this Security, the Calculation Agent may consider any adjustment made by the Options Clearing Corporation or any other equity derivatives clearing organization on
options contracts on the Fund. 
 For any event described below, the Calculation Agent will not be required to adjust the
Adjustment Factor unless the adjustment would result in a change to the Adjustment Factor then 

  
 5 

 
in effect of at least 0.10%. The Adjustment Factor resulting from any adjustment will be rounded up or down, as appropriate, to the nearest one-hundred thousandth. 

 

	 	(A)	 Stock Splits and Reverse Stock Splits 

If a stock split or reverse stock split has occurred, then once such split has become effective, the Adjustment Factor will
be adjusted to equal the product of the prior Adjustment Factor and the number of securities which a holder of one share (or other applicable security) of the Fund before the effective date of such stock split or reverse stock split would have owned
or been entitled to receive immediately following the applicable effective date. 
  

	 	(B)	 Stock Dividends 

If a dividend or distribution of shares (or other applicable securities) to which this Security is linked has been made by
the Fund ratably to all holders of record of such shares (or other applicable security), then the Adjustment Factor will be adjusted on the ex-dividend date to equal the prior Adjustment Factor plus the product of the prior Adjustment Factor and the
number of shares (or other applicable security) of the Fund which a holder of one share (or other applicable security) of the Fund before the ex-dividend date would have owned or been entitled to receive immediately following that date; provided,
however, that no adjustment will be made for a distribution for which the number of securities of the Fund paid or distributed is based on a fixed cash equivalent value. 
  

	 	(C)	 Extraordinary Dividends 

If an Extraordinary Dividend (as defined below) has occurred, then the Adjustment Factor will be adjusted on the ex-dividend
date to equal the product of the prior Adjustment Factor and a fraction, the numerator of which is the Closing Price per share (or other applicable security) of the Fund on the Trading Day preceding the ex-dividend date, and the denominator of which
is the amount by which the Closing Price per share (or other applicable security) of the Fund on the Trading Day preceding the ex-dividend date exceeds the Extraordinary Dividend Amount (as defined below). 

For purposes of determining whether an Extraordinary Dividend has occurred: 

 

	 	(1)	 “Extraordinary Dividend” means any cash dividend or distribution (or portion thereof) that the Calculation Agent determines, in
its sole discretion, is extraordinary or special; and 

  

	 	(2)	 “Extraordinary Dividend Amount” with respect to an Extraordinary Dividend for the securities of the Fund will equal the amount per
share (or other applicable security) of the Fund of the applicable cash dividend or distribution that is attributable to the Extraordinary Dividend, as determined by the Calculation Agent in its sole discretion. 

  
 6 

 A distribution on the securities of the Fund described below under the section
entitled “—Reorganization Events” below that also constitutes an Extraordinary Dividend will only cause an adjustment pursuant to that “—Reorganization Events” section. 

 

	 	(D)	 Other Distributions 

If the Fund declares or makes a distribution to all holders of the shares (or other applicable security) of the Fund of any
non-cash assets, excluding dividends or distributions described under the section entitled “—Stock Dividends” above, then the Calculation Agent may, in its sole discretion, make such adjustment (if any) to the Adjustment Factor as it
deems appropriate in the circumstances. If the Calculation Agent determines to make an adjustment pursuant to this paragraph, it will do so with a view to offsetting, to the extent practical, any change in the economic position of a holder of this
Security that results solely from the applicable event. 
  

	 	(E)	 Reorganization Events 

If the Fund, or any Successor Fund, is subject to a merger, combination, consolidation or statutory exchange of securities
with another exchange traded fund, and the Fund to which this Security is linked is not the surviving entity (a “Reorganization Event”), then, on or after the date of such event, the Calculation Agent shall, in its sole discretion,
make an adjustment to the Adjustment Factor or the method of determining the Redemption Amount or any other terms of this Security as the Calculation Agent determines appropriate to account for the economic effect on this Security of such event, and
determine the effective date of that adjustment. If the Calculation Agent determines that no adjustment that it could make will produce a commercially reasonable result, then the Calculation Agent may deem such event a Liquidation Event (as defined
below). 
 Liquidation Events 

If the Fund is de-listed, liquidated or otherwise terminated (a “Liquidation Event”), and a successor or
substitute exchange traded fund exists that the Calculation Agent determines, in its sole discretion, to be comparable to the Fund, then, upon the Calculation Agent’s notification of that determination to the Trustee and the Company, any
subsequent Fund Closing Price for the Fund will be determined by reference to the Fund Closing Price of such successor or substitute exchange traded fund (such exchange traded fund being referred to herein as a “Successor Fund”),
with such adjustments as the Calculation Agent determines are appropriate to account for the economic effect of such substitution on the holder of this Security. 

If the Fund undergoes a Liquidation Event prior to, and such Liquidation Event is continuing on, the date that any Fund
Closing Price of the Fund is to be determined and the Calculation Agent determines that no Successor Fund is available at such time, then the Calculation Agent will, in its discretion, calculate the Fund Closing Price for the Fund on such date by a
computation methodology that the Calculation Agent determines will as closely as 

  
 7 

 
reasonably possible replicate the Fund, provided that if the Calculation Agent determines in its discretion that it is not practicable to replicate the Fund (including but not limited to the
instance in which the sponsor of the index underlying the Fund discontinues publication of that index), then the Calculation Agent will calculate the Fund Closing Price for the Fund in accordance with the formula last used to calculate such Fund
Closing Price before such Liquidation Event, but using only those securities that were held by the Fund immediately prior to such Liquidation Event without any rebalancing or substitution of such securities following such Liquidation Event. 

If a Successor Fund is selected or the Calculation Agent calculates the Fund Closing Price as a substitute for the Fund, such
Successor Fund or Fund Closing Price will be used as a substitute for the Fund for all purposes, including for purposes of determining whether a Market Disruption Event exists. 

If any event is both a Reorganization Event and a Liquidation Event, such event will be treated as a Reorganization Event for
purposes of this Security unless the Calculation Agent makes the determination referenced in the last sentence of the section entitled “—Anti-dilution Adjustments—Reorganization Events” above. 

Alternate Calculation 

If at any time the method of calculating the Fund or a Successor Fund, or the Underlying Index, is changed in a material
respect, or if the Fund or a Successor Fund is in any other way modified so that the Fund does not, in the opinion of the Calculation Agent, fairly represent the price of the securities of the Fund or such Successor Fund had such changes or
modifications not been made, then the Calculation Agent may, at the close of business in New York City on the date that any Fund Closing Price is to be determined, make such calculations and adjustments as, in the good faith judgment of the
Calculation Agent, may be necessary in order to arrive at a Closing Price of an exchange traded fund comparable to the Fund or such Successor Fund, as the case may be, as if such changes or modifications had not been made, and calculate the Fund
Closing Price and the Redemption Amount with reference to such adjusted Closing Price of the Fund or such Successor Fund, as applicable. 

Calculation Agent 

The Calculation Agent will determine the Redemption Amount and the Ending Price. In addition, the Calculation Agent will
(i) determine if adjustments are required to the Fund Closing Price and/or the Adjustment Factor under the circumstances described in this Security, (ii) if the Fund undergoes a Liquidation Event, select a Successor Fund or, if no
Successor Fund is available, determine the Fund Closing Price of the Fund, and (iii) determine whether a Market Disruption Event or non-Trading Day has occurred. 

The Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which
shall be a broker-dealer, bank or other financial institution) with respect to this Security. 

  
 8 

 All determinations made by the Calculation Agent with respect to this Security
will be at the sole discretion of the Calculation Agent and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security. 

Tax Considerations 

The Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be
deemed to have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States federal income tax purposes to treat this Security as a prepaid derivative contract that is an “open
transaction.” 
 Redemption and Repayment 

This Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior
to November 6, 2020. This Security is not entitled to any sinking fund. 
 Acceleration 

If an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the
Redemption Amount (calculated as set forth in the next sentence) of this Security may be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted
under the Indenture will be equal to the Redemption Amount hereof calculated as provided herein as though the date of acceleration was the Calculation Day. 
  

 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication
hereon has been executed by the Trustee referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose. 
 [The remainder of this page has been left intentionally blank] 

  
 9 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal. 
 DATED:
                         
  

					
	WELLS FARGO & COMPANY
		
	By:		 
			 
			Its:		 

 [SEAL] 
  

					
	Attest:		 
			 
			Its:		 

  

			
	 TRUSTEE’S CERTIFICATE OF

AUTHENTICATION
 This is one of the Securities of the

series designated therein described
 in the within-mentioned Indenture.

	
	 CITIBANK, N.A.,

      as Trustee

		
	By:		 
			Authorized Signature
	
	OR
	
	 WELLS FARGO BANK, N.A.,

  as Authenticating Agent for the Trustee

		
	By:		 
			Authorized Signature

  
 10 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the 

SPDR® S&P 500® ETF
Trust due November 6, 2020 
 This Security is one of a duly authorized issue of securities of the Company (herein
called the “Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the
Company and Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement
of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This
Security is one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or
more foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities,
currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may
mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies. 

Article Sixteen of the Indenture shall not apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either
(a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated
securities issued to and registered in the names of, the beneficial owners or their nominees. 
 The Company agrees, to the
extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security. 

Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the 

  
 11 

 
time Outstanding of all series to be affected, acting together as a class. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of all
series at the time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain
past defaults under the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such
series. Solely for the purpose of determining whether any consent, waiver, notice or other action or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding Securities in
the requisite aggregate principal amount, the principal amount of this Security will be deemed to be equal to the amount set forth on the face hereof as the “Face Amount” hereof. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security. 
 Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the
Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein,
shall not apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Registration of Transfer 

Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of
Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the
Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith. 

This Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the
Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not
appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form
and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for
definitive Securities in registered 

  
 12 

 
form, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

This Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global
Security will not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligation of the Company Absolute 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the Redemption Amount at the times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security. 

No Personal Recourse 

No recourse shall be had for the payment of the Redemption Amount, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of
any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 Defined Terms 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise defined in this Security. 
 Governing Law 

This Security shall be governed by and construed in accordance with the law of the State of New York, without regard to
principles of conflicts of laws. 

  
 13 

 ABBREVIATIONS 

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

					
	 TEN COM
		  -- 
		 as tenants in common

			
	 TEN ENT
		  -- 
		 as tenants by the entireties

			
	 JT TEN
		  -- 
		 as joint tenants with right

of survivorship and not
 as
tenants in common

  

									
	 UNIF GIFT MIN ACT
		  -- 
		 		 Custodian
		 
					(Cust)				(Minor)

  

	
	Under Uniform Gifts to Minors Act
	
	   

	(State)

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

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

 

	
	 Please Insert Social Security or
 Other
Identifying Number of Assignee

	
	   

  
  

 
  
  

 
 (PLEASE
PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  
 14 

 the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and
appoint
                                        
attorney to transfer the said Security on the books of the Company, with full power of substitution in the premises. 
 Dated:
                                         
            
  

	
	   

  

	
	   

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

  
 15EXHIBIT 10.1

EXHIBIT 10.1

Execution Version

 

JOINDER AGREEMENT

DATED AS OF APRIL 10, 2015

TO THE AMENDED AND RESTATED

CREDIT AGREEMENT DATED MARCH 31, 2014

among

VML US FINANCE LLC,

as the Borrower,

GOLDMAN SACHS (ASIA) L.L.C., GOLDMAN SACHS BANK USA, BARCLAYS 

BANK PLC, BANCO NACIONAL ULTRAMARINO, S.A., THE BANK OF NOVA 

SCOTIA, BANK OF AMERICA N.A., BANK OF CHINA LIMITED, MACAU 

BRANCH, INDUSTRIAL AND COMMERCIAL BANK OF CHINA (MACAU) 

LIMITED, CHINA CONSTRUCTION BANK CORPORATION MACAU BRANCH, 

BANK OF COMMUNICATIONS CO., LTD. MACAU BRANCH, SUMITOMO 

MITSUI BANKING CORPORATION, OVERSEA-CHINESE BANKING 

CORPORATION LIMITED, WING LUNG BANK LTD., MACAU BRANCH, DBS 

BANK LTD. and UNITED OVERSEAS BANK LIMITED,

as Global Coordinators and Lead Arrangers,

CITIBANK, N.A., HONG KONG BRANCH and BNP PARIBAS HONG KONG 

BRANCH,

as Managers,

and

BANK OF CHINA LIMITED, MACAU BRANCH,

as Administrative Agent

 

 

JOINDER AGREEMENT

THIS JOINDER AGREEMENT, dated as of April 10, 2015 (this “Agreement”), by and among Goldman Sachs (Asia) L.L.C., Goldman Sachs Bank USA, Barclays Bank PLC, Banco Nacional Ultramarino, S.A., The Bank of Nova Scotia, Bank of America N.A., Bank of China Limited, Macau Branch, Industrial and Commercial Bank of China (Macau) Limited, China Construction Bank Corporation Macau Branch, Bank of Communications Co., Ltd. Macau Branch, Sumitomo Mitsui Banking Corporation, Oversea-Chinese Banking Corporation Limited, Wing Lung Bank Ltd., Macau Branch, DBS Bank Ltd., United Overseas Bank Limited, Citibank, N.A., Hong Kong Branch and BNP Paribas Hong Kong Branch (each a “New Lender” and collectively the “New Lenders”), VML US Finance LLC, a Delaware limited liability company (“Borrower”), and Bank of China Limited, Macau Branch (“BOC”), as administrative agent for the Lenders (as defined below) and the New Lenders (in such capacity, “Administrative Agent”), under the Credit Agreement referred to below.

RECITALS:

WHEREAS, reference is hereby made to the Amended and Restated Credit Agreement, dated as of March 31, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”, the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among the Borrower, Venetian Macau Limited, a Macau corporation (the “Company”), the Administrative Agent, each of Goldman Sachs (Asia) L.L.C., Barclays Bank PLC, Banco Nacional Ultramarino, S.A., Bank of America, N.A., BOC, BNP Paribas Hong Kong Branch, Citigroup Global Markets Asia Limited, Citibank, N.A., Hong Kong Branch, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., Industrial and Commercial Bank of China (Macau) Limited, Oversea-Chinese Banking Corporation Limited, Sumitomo Mitsui Banking Corporation and United Overseas Bank Limited, as global coordinators and bookrunners for the Term Loan Facility and Revolving Credit Facility and as co-syndication agents for the Term Loan Lenders and Revolving Loan Lenders (the “Co-Syndication Agents”), The Bank of Nova Scotia and Wing Lung Bank Ltd., Macau Branch, as lead arrangers for the Term Loan Facility and Revolving Credit Facility, each of the other agents and arrangers from time to time party thereto and the financial institutions from time to time party thereto (the “Lenders”); and

WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may increase the existing Revolving Loan Commitments and/or establish New Term Loan Commitments by entering into one or more Joinder Agreements with the New Term Loan Lenders and/or New Revolving Loan Lenders, as applicable.

WHEREAS, each New Lender party hereto and making a commitment hereunder was immediately prior to the date hereof and remains a Lender under the Credit Agreement;

NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:

 

2

Each New Lender party hereto hereby agrees to commit to provide its respective Commitment as set forth on Schedule A annexed hereto, on the terms and subject to the conditions set forth below:

Each New Lender (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Joinder Agreement (this “Agreement”); (ii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement and the other Loan Documents; (iii) appoints and authorizes Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to Administrative Agent, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.

Each New Lender hereby agrees to make its Commitment on the following terms and conditions:

	1.	Applicable Margin. The Applicable Margin for each Series A New Term Loan shall mean, as of any date of determination, a percentage per annum as set forth below:

	
Series A New Term Loans1

	
Consolidated

Leverage Ratio

	
HIBOR 

Rate 

Loans

	
Eurodollar 

Rate Loans

	
Base Rate 

Loans

	
Greater than 2.5:1.0

	
2.125%

	
2.125%

	
1.125%

	
Greater than 2.25:1.0 

but less than or equal to 2.5:1.0

	
2.000%

	
2.000%

	
1.000%

	
Greater than 2.0:1.0 

but less than or equal to 2.25:1.0

	
1.875%

	
1.875%

	
0.875%

 

 

______________________________________________

 

1    The Consolidated Leverage Ratio used to compute the Applicable Margin shall be determined as provided in the last paragraph of the definition of “Applicable Margin” in Section 1.1 of the Credit Agreement.

 

3

 

 

	
Greater than 1.75:1.0 

but less than or equal to 2.0:1.0

	
1.750%

	
1.750%

	
0.750%

	
Greater than 1.5:1.0 

but less than or equal to 1.75:1.0

	
1.625%

	
1.625%

	
0.625%

	
Greater than 1.25:1.0 

but less than or equal to 1.5:1.0

	
1.500%

	
1.500%

	
0.500%

	
Greater than 1.0:1.0 

but less than or equal to 1.25:1.0

	
1.375%

	
1.375%

	
0.375%

	
Less than or equal to 1.0:1.0

	
1.250%

	
1.250%

	
0.250%

	2.	Principal Payments.  The Borrower shall make principal payments on the Series A New Term Loans in the relevant currency in installments on each Quarterly Date set forth below in the aggregate amount equal to the percentage of the initial aggregate principal amount of the Series A New Term Loans set forth below:

	
(A)

Payment

Date

	
(B)

Scheduled

Repayment of

Series A New Term Loans

	
June 30, 2018

	
2.50%

	
September 30, 2018

	
2.50%

	
December 31, 2018

	
2.50%

	
March 31, 2019

	
2.50%

	
June 30, 2019

	
5.00%

	
September 30, 2019

	
5.00%

 

 

4

 

	
(A)

Payment

Date

	
(B)

Scheduled

Repayment of

Series A New Term Loans

	
December 31, 2019

	
5.00%

	
March 31, 2020

	
5.00%

	
June 30, 2020

	
12.00%

	
September 30, 2020

	
12.00%

	
December 31, 2020

	
12.00%

	
New Term Loan Maturity Date

(March 30, 2021)

	
34.00%

	
TOTAL

	
100%

	3.	Voluntary and Mandatory Prepayments.  Scheduled installments of principal of the Series A New Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Series A New Term Loans in accordance with Section 2.4 of the Credit Agreement; provided, that the final installment payable by Borrower in respect of the Series A New Term Loans on the New Term Loan Maturity Date shall be in an amount, if such amount is different from the amount specified above, sufficient to repay all amounts owing by Borrower under the Credit Agreement with respect to the Series A New Term Loans.

	4.	Upfront Fees.  Borrower agrees to pay each New Lender an upfront fee on the Series A New Term Loan Increased Amount Date (as defined below) in the amount set forth opposite the name of such New Lender on Schedule B annexed hereto

	5.	Proposed Borrowing.  This Agreement represents Borrower’s request to borrow Series A New Term Loans from the New Term Loan Lenders as follows (the “Proposed Borrowing”):

		a.	Business Day of Proposed Borrowing:The date (the “Series A New Term Loan Increased Amount Date”) that is the Increased Amount Date specified in the notice in respect of the Series A New Term Loans delivered by the Borrower to the Administrative Agent and the Co-Syndication Agents pursuant to subsection 2.9A of the Credit Agreement.

		b.	Total Amount of Proposed Borrowing:$1,000,000,000

 

5

 

		c.	Interest rate option:

	
  

	☐	
a.

	Base Rate Loan(s)
	
 

		
 

	
 

	
 

	☐	
b. 

	
Eurodollar Rate Loans with an initial Interest Period of ___ month(s)

	 			
	  	☐	c.	HIBOR Rate Loans with an initial Interest Period of ___ month(s)

 

The Administrative Agent agrees that the Series A New Term Loan Increased Amount Date may be less than ten (10) Business Days (but not less than seven (7) Business Days) after the date on which notice in respect of the Series A New Term Loans pursuant to subsection 2.9A of the Credit Agreement is delivered to the Administrative Agent and the Co-Syndication Agents.

The Administrative Agent further agrees that the Borrowing Notice in respect of the Series A New Term Loans may be delivered by the Borrower to the Administrative Agent less than five (5) Business Days (but not less than four (4) Business Days) before the Series A New Term Loan Increased Amount Date.

	6.	Other Terms.

		a.	The New Term Loan Maturity Date of the Series A New Term Loans shall be March 30, 2021.

		b.	The obligation of the New Term Loan Lenders to fund Series A New Term Loans on the Series A New Term Loan Increased Amount Date shall be subject to (i) the Administrative Agent’s receipt of a certificate of the Borrower certifying that the Company has received all regulatory approvals from the government of Macau SAR required in respect of the issuance of the Series A New Term Loans and (ii) the execution and delivery by the Guarantors of the reaffirmation of the Guaranty and all amendments to the Foreign Security Agreements required by the Administrative Agent in respect of the issuance of the Series A New Term Loans and set forth in Schedule C annexed hereto.

		c.	Each New Term Loan Lender agrees to fund its Commitment on the Series A New Term Loan Increased Amount Date subject to the conditions of this Agreement.

	7.	Credit Agreement Governs.  Except as set forth in this Agreement, Series A New Term Loans shall otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.

 

______________________________________________

 

2 To be completed in the Borrowing Notice in respect of the Series A New Term Loans.

6

 

	8.	Certifications.  By its execution of this Agreement, the Borrower and the Company hereby certify that:

		i.	The representations and warranties contained in the Credit Agreement and in the other Loan Documents are true and correct in all material respects on and as of the date hereof and on the Business Day of Proposed Borrowing as set forth above to the same extent as though made on and as of the date hereof and on the Business Day of Proposed Borrowing as set forth above, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true and correct in all material respects on and as of such earlier date;

		ii.	No event has occurred and is continuing or would result from the consummation of the Proposed Borrowing contemplated hereby that would constitute an Event of Default or a Potential Event of Default;

		iii.	No order, judgment or decree of any court, arbitrator or Governmental Instrumentality shall purport to enjoin or restrain any Lender from making the Series A New Term Loan; and

		iv.	The making of the Loans requested on the date hereof does not violate any law applicable to the Loan Parties or Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System.

	9.	Covenants. By its execution of this Agreement, the Borrower hereby covenants that:

		i.	The Borrower shall make any payments required pursuant to Sections 2.6(D) and 2.7 of the Credit Agreement in connection with the Proposed Borrowing contemplated hereby;

		ii.	The Borrower shall deliver or cause to be delivered documents reasonably requested by Administrative Agent in connection with this Agreement; and

		iii.	Set forth on the attached Officers’ Certificate are the calculations (in reasonable detail) demonstrating compliance with the financial tests described in subsection 2.9B(2) and subsection 7.6 of the Credit Agreement after giving effect to the Proposed Borrowing contemplated hereby.

	10.	Eligible Assignee.  By its execution of this Agreement, each New Term Loan Lender represents and warrants that it is an Eligible Assignee.

 

 

7

 

	11.	Notice.  For purposes of the Credit Agreement, the initial notice address of each New Term Loan Lender, if not already included in or if different from Schedule 10.9 to the Credit Agreement, shall be as set forth below its signature below.

	12.	Tax Information.  For each New Term Loan Lender delivered herewith to Administrative Agent are such properly completed and executed documentation prescribed by applicable law and such other information with respect to Included Taxes as such New Term Loan Lender may be required to deliver to Administrative Agent pursuant to subsection 2.7(C)(vii) of the Credit Agreement.

	13.	Recordation of the New Loans.  Upon execution and delivery hereof, Administrative Agent will record the Series A New Term Loans made by New Term Loan Lenders in the Register.

	14.	Amendment, Modification and Waiver.  This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

	15.	Entire Agreement.  This Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof.

	16.	GOVERNING LAW.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (INCLUDING §5-1401 OF THE GENERAL OBLIGATIONS LAW OF STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

	17.	Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction.  If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable.

	18.	Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.

	19.	Amendment of the Credit Agreement.   Each of the Administrative Agent and the Co-Syndication Agents party hereto deem it necessary and appropriate that Sections 1, 2, 3, 5 and 6 of this Agreement amend the Credit Agreement and the 

 

 

8

 

	19.	Amendment of the Credit Agreement.   Each of the Administrative Agent and the Co-Syndication Agents party hereto deem it necessary and appropriate that Sections 1, 2, 3, 5 and 6 of this Agreement amend the Credit Agreement and the other Loan Documents in order to effect the provisions of such Sections in accordance with subsection 2.9 of the Credit Agreement.  This Agreement shall be deemed a Loan Document for all purposes under the Credit Agreement.

 [Remainder of page intentionally left blank]

 

 

 

 

 

 

 

9

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Bank of China Limited, Macau Branch

	 
	 	 	 	 
	
 

	
By: 

	/s/ WONG IAO KUN	 
	 	Name: 	Wong Iao Kun	 
	 	Title: 	
Deputy Director of Credit

Administration Department

	 

 

 

	 	Notice Address:

Avenida Doutor Mario Soares,

no.323, 13/F,

Bank of China Building

Macau

 

 

Attention: Jade Gan / Iris Ielong

Telephone: (853) 8792 1661 / 1682

Facsimile: (853) 8792 1659 / 0308

	 

10

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	

Industrial and Commercial Bank of China (Macau) Limited

	 
	 	 	 	 
	
 

	
By: 

	/s/ CHAN KAM LUN / YANG PENG 	 
	 	Name: 	Chan Kam Lun / Yang Peng	 
	 	Title: 	
Chief Consumer Banking Officer /

General Manager

	 

 

 

	 	
Notice Address:

18/F, ICBC Tower, Macau Landmark

555 Avenida de Amizade,

Macau

 

 

Attention: Linda Chan / Selene Ren

Telephone: 83982452 / 83982499

Facsimile: 28584496

	 

 

11

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
China Construction Bank Corporation Macau Branch

	 
	 	 	 	 
	 	By:	/s/ WADE HOU	
	 	Name: 	Wade Hou	 
	 	Title: 	General Manager	 

 

 

	 	
Notice Address:

5/F, Circle Square,

61 Avenida de Almeida Ribeiro,

Macau

 

 

Attention: Alex Ng / Mandy Kuong

Telephone: (853) 8291 1814 / 1825

Facsimile: (853) 8291 1839 / 1880

	 

 

12

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Bank of Communications Co., Ltd. Macau Branch

	 
	 	 	 	 
	 	By:	/s/ WU YE / LENG SAN	
	 	Name: 	Wu Ye / Leng San	 
	 	Title: 	

General Manager /

Head of Management Department

	 

 

 

	 	

Notice Address:

16/F, AIA Tower,

No. 251A-301,

Avenida Comercial de Macau

 

 

Attention:

Telephone:

Facsimile:

	 

 

 

13

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Banco Nacional Ultramarino, S.A.

	 
	 	 	 	 
	 	By:	/s/ TOU KEI SAN / LEANDRO

RODRIGUES DA GRACA SILVA     

	
	 	Name: 	
Tou Kei San / Leandro Rodrigues da

Graca Silva

	 
	 	Title: 	General Manager / Executive Director	 

 

 

	 	

Notice Address:

No.22,

Avenida de Almeida Ribeiro,

Macau

 

 

Attention: Violet Choi

Telephone: (853) 8398 9106

Facsimile: (853) 2835 6867

	 

 

14

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Oversea-Chinese Banking Corporation Limited

	 
	 	 	 	 
	 	By:	/s/ CHEOK KEE HOCK RICHARD  	
	 	Name: 	Cheok Kee Hock Richard	 
	 	Title: 	Head, Real Estate	 

 

 

	 	

Notice Address:

65 Chulia Street,

#10-00 OCBC Centre,

Singapore 049513

 

 

Attention:

Telephone:

Facsimile:

	 

15

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Sumitomo Mitsui Banking Corporation

	 
	 	 	 	 
	 	By:	/s/ WILLIAM G. KARL	
	 	Name: 	William G. Karl	 
	 	Title: 	Executive Officer	 

 

 

	 	

Notice Address:

277 Park Avenue

New York, NY 10172

 

 

Attention: John Corrigan

Telephone: 212-224-4735

Facsimile: 212-224-4887

	 

16

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Wing Lung Bank Ltd., Macau Branch

	 
	 	 	 	 
	 	By:	/s/ WONG WAH CHUEN	
	 	Name: 	Wong Wah Chuen	 
	 	Title: 	Deputy General Manager	 

 

 

	 	

Notice Address:

Unit 18 F-J

Finance and IT Centre of Macau

Nam Van Lake, Quarteirao 5, Lote A,

Macau

 

 

Attention: Charlie Chen / Philip Deng

Telephone: (853) 2888 8111, Ext. 3801

Facsimile: (853) 2875 0933

	 

17

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Bank of America N.A.

	 
	 	 	 	 
	 	By:	/s/ JOYCE Y. CHAN	
	 	Name: 	Joyce Y. Chan	 
	 	Title: 	Director	 

 

 

	 	

Notice Address:

52/F, Cheung Kong Center,

2 Queen’s Road Central,

Hong Kong

 

 

Attention: Elena Ng

Telephone: 852-3508-2094

Facsimile: 852-3508-2914

	 

18

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
DBS Bank Ltd.

	 
	 	 	 	 
	 	By:	/s/ YEO KIA CHIAK	
	 	Name: 	Yeo Kia Chiak	 
	 	Title: 	Vice President	 

 

 

	 	

Notice Address:

12 Marina Boulevard,

Marina Bay Financial Centre Tower 3,

Level 46,

Singapore 018982

 

 

Attention: Max Lim / Diana Tay

Telephone: +65 6878 6490 / 2108

Facsimile: +65 6324 4127

	 

19

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
United Overseas Bank Limited

	 
	 	 	 	 
	 	By:	/s/ LIM CHIN HONG	
	 	Name: 	Lim Chin Hong	 
	 	Title: 	
Executive Director

Corporate Banking Singapore

	 

 

 

	 	

Notice Address:

1 Raffles Place

#23-61 One Raffles Place Tower 2

Singapore 048616

 

 

Attention:

Telephone:

Facsimile:

	 

20

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
The Bank of Nova Scotia

	 
	 	 	 	 
	 	By:	/s/ DIANE EMANUEL	
	 	Name: 	Diane Emanuel	 
	 	Title: 	
Managing Director

	 

 

 

	 	

Notice Address:

720 King Street West,

Toronto, Ontario,

Canada M5V2T3

 

 

Attention:

Telephone:

Facsimile: 212-225-5708

	 

21

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Barclays Bank PLC

	 
	 	 	 	 
	 	By:	/s/ JAMES NAGAYA	
	 	Name: 	James Nagaya	 
	 	Title: 	
Director

	 

 

 

	 	

Notice Address:

5 The North Colonnade,

Canary Wharf,

London E14 4BB

 

 

Attention: Mark Pope

Telephone: +44(0) 207 773 2190

Facsimile: +44(0) 207 773 1840

	 

22

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Goldman Sachs Bank USA

	 
	 	 	 	 
	 	By:	/s/ REBECCA KRATZ	
	 	Name: 	Rebecca Kratz	 
	 	Title: 	
Authorized Signatory

	 

 

 

	 	

Notice Address:

200 West Street,

New York, NY 10282-2198

 

 

Attention: Michelle Latzoni

Telephone: 212-934-3921

Facsimile: 917-977-3966

	 

23

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Goldman Sachs (Asia) L.L.C.

	 
	 	 	 	 
	 	By:	/s/ NELSON LO	
	 	Name: 	Nelson Lo	 
	 	Title: 	
Managing Director

	 

 

 

	 	

Notice Address:

68th Floor, Cheung Kong Center,

2 Queen’s Road Central,

Hong Kong

 

 

Attention: Asia Loan Servicing

Telephone:

Facsimile: 917-977-3915

	 

 

24

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
BNP Paribas Hong Kong Branch

	 
	 	 	 	 
	 	By:	/s/ PAUL YANG / MARY HSE	
	 	Name: 	Paul Yang / Mary Hse	 
	 	Title: 	

Head of Greater China & Chief

Executive Officer HK /

Managing Director, Senior Banker,

Coverage, HK Investment Banking

Asia-Pacific

	 

 

 

	 	

Notice Address:

63/F., Two International Finance Centre

8 Finance Street, Central,

Hong Kong

 

 

Attention: Joshua Lau

Telephone: 2909 8722

Facsimile: 2970 0296

	 

 

25

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
Citibank, N.A., Hong Kong Branch

	 
	 	 	 	 
	 	By:	/s/ WILLIAM CHU	
	 	Name: 	William Chu	 
	 	Title: 	

Director

	 

 

 

	 	

Notice Address:

44th Floor Citibank Tower,

Citibank Plaza,

3 Garden Road,

Central, Hong Kong

 

 

Attention: William Chu

Telephone: (852) 2868 8005

Facsimile: (852) 3009 0309

	 

 

26

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of April 10, 2015.

	 	
VML US FINANCE LLC

	 
	 	 	 	 
	 	By:	/s/ TOH HUP HOCK	
	 	Name: 	Toh Hup Hock	 
	 	Title: 	

Borrower Designated Officer

	 

 

 

 

 

 

 

 

 

 

27

Consented to by:

	
BANK OF CHINA LIMITED, MACAU BRANCH,

as Administrative Agent

	 	
	 	 	 	
	By:	/s/ WONG IAO KUN		
	Name: 	Wong Iao Kun	 	
	Title: 	

Deputy Director of Credit Administration Department

	 	

 

 

 

 

 

 

28

SCHEDULE A

TO JOINDER AGREEMENT

 

	
Name of New 

Lender

	
Type of 

Commitment

	
Amount in 

USD

	
Amount in 

HKD

	
Amount in 

MOP

	
Amount in 

USD 

Equivalent3

	
Bank of China Limited, Macau Branch

	
New Term Loan Commitment

	
-

	
-

	
1,157,477,000

	
145,000,000

	
Industrial and Commercial Bank of China (Macau) Limited

	
New Term Loan Commitment

	
-

	
1,123,764,500

	
-

	
145,000,000

	
China Construction Bank Corporation Macau Branch

	
New Term Loan Commitment

	
-

	
968,762,500

 

	
-

	
125,000,000

 

	
Bank of Communications Co., Ltd. Macau Branch

	
New Term Loan Commitment

	
-

	
697,509,000

 

	
-

	
90,000,000

 

	
Banco Nacional Ultramarino, S.A.

	
New Term Loan Commitment

	
-

	
310,004,000

 

	
319,304,000

 

	
80,000,000

	
Oversea-Chinese Banking Corporation Limited

	
New Term Loan Commitment

	
65,000,000

 

	
-

	
-

	
65,000,000

 

	
Sumitomo Mitsui Banking Corporation

	
New Term Loan Commitment

	
65,000,000

 

	
-

	
-

	
65,000,000

 

	
Wing Lung Bank Ltd., Macau Branch

	
New Term Loan Commitment

	
-

	
387,505,000

 

	
-

	
50,000,000

 

	
Bank of America N.A.

	
New Term Loan Commitment

	
50,000,000

 

	
-

	
-

	
50,000,000

 

	
DBS Bank Ltd.

	
New Term Loan Commitment

	
35,000,000

 

	
-

	
-

	
35,000,000

 

 

 

 

	
3

	
USD Equivalent is calculated by using Recalculation Exchange Rate as of April 01, 2015: USD/USD: 1.0000, USD/HKD: 7.7501 and USD/MOP: 7.9826.

 

 

29

 

 

	
United Overseas Bank Limited

	
New Term Loan Commitment

	
35,000,000

 

	
-

	
-

	
35,000,000

 

	
The Bank of Nova Scotia

	
New Term Loan Commitment

	
17,500,000

 

	
58,125,750

 

	
-

	
25,000,000

 

	
Barclays Bank PLC

	
New Term Loan Commitment

	
-

	
193,752,500

 

	
-

	
25,000,000

 

	
Goldman Sachs Bank USA

	
New Term Loan Commitment

	
12,500,000

 

	
96,876,250

 

	
-

	
25,000,000

	
BNP Paribas Hong Kong Branch

	
New Term Loan Commitment

	
20,000,000

 

	
-

	
-

	
20,000,000

	
Citibank, N.A., Hong Kong Branch

	
New Term Loan Commitment

	
-

	
155,002,000

 

	
-

	
20,000,000

 

	
Total:

	 	
300,000,000

 

	
3,991,301,500

 

	
1,476,781,000

 

	
1,000,000,000

 

 

 

 

 

 

 

30

SCHEDULE B

TO JOINDER AGREEMENT

 

[ Redacted ]

 

 

 

 

 

 

 

 

 

31

SCHEDULE C

TO JOINDER AGREEMENT

Reaffirmation of Guaranty

and Amendments to the Foreign Security Agreements

	1	Amendment to the Venetian Macau Limited Pledge over Gaming Equipment and Utensils (Portuguese official version and English version for reference only)

	2	Amendment to the Venetian Macau Limited Floating Charge

(Portuguese official version and English version for reference only)

	3	Amendment to the Venetian Cotai Limited Floating Charge

(Portuguese official version and English version for reference only)

	4	Amendment to the Venetian Orient Limited Floating Charge

(Portuguese official version and English version for reference only)

	5	Modification of the Venetian Macau Limited and Venetian Cotai Limited Mortgage (Portuguese official version and English version for reference only), including replacement of applicable powers of attorney.

	6	Modification of the Venetian Cotai Limited Alternative Mortgage (Portuguese official version and English version for reference only), including replacement of applicable power of attorney.

	7	Modification of the Venetian Orient Limited Mortgage (Portuguese official version and English version for reference only), including replacement of applicable power of attorney.

	8	Amendment to Venetian Macau Limited Land Security Assignment

(English version only)

	9	Amendment to Venetian Cotai Limited Land Security Assignment

(English version only)

	10	Amendment to Venetian Orient Limited Land Security Assignment

(English version only)

	11	Reaffirmation of the Guaranty by the Guarantors.

 

 

32

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