Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

SECOND AMENDMENT 
 TO THE
AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of December 22, 2014 

SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
among Open Text ULC, as Term Borrower, Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as Revolving Credit Borrowers, the Domestic Guarantors party thereto, each of the Lenders party thereto, Barclays Bank PLC, as sole
Administrative Agent and Collateral Agent and Royal Bank of Canada, as Documentary Credit Lender. 
 RECITALS: 

WHEREAS, the Term Borrower, the Revolving Credit Borrowers, the Domestic Guarantors party thereto, each of the
financial institutions and other institutional lenders party thereto (the “Lenders”), the Administrative Agent, the Collateral Agent and the Documentary Credit Lender are parties to the Credit Agreement dated as of
October 2, 2006, as amended by the First Amendment made as of February 15, 2007, and a Second Amendment dated as of September 24, 2009, as amended and restated by the Amended and Restated Credit Agreement made as of November 9,
2011, as amended by the First Amendment dated as of December 16, 2013, and as further amended, supplemented or otherwise modified (the “Credit Agreement”; capitalized terms not otherwise defined in this Amendment have
the same meanings given to them in the Credit Agreement); 
 WHEREAS, the Borrowers have requested that the
Lenders agree to amend certain provisions of the Credit Agreement as hereinafter set forth; 
 WHEREAS, the Administrative
Agent has requested that the Loan Parties agree to amend certain other provisions of the Credit Agreement as hereinafter set forth; 

WHEREAS, the Administrative Agent, the Collateral Agent, the Revolving Credit Lenders, the Majority Lenders and the Loan
Parties party hereto are willing to amend the Credit Agreement as provided herein. 
 NOW, THEREFORE, in consideration of
the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 SECTION 1. AMENDMENTS TO CREDIT
AGREEMENT 
  

	 	1.	 The Table of Contents of the Credit Agreement is hereby amended by adding as new Schedules thereto the following: 

“Schedule 3 – Revolving Credit Commitments/ Swing Line Lender’s Commitment/ Documentary Credit Commitments 

Schedule 14 – Second Amended and Restated Credit Agreement”. 

  
 Open Text Corporation
– Second Amendment 

	 	2.	 Section 1.01 of the Credit Agreement is hereby amended by inserting the following defined terms in their proper alphabetical order:

 “Interpolated Rate” means, in relation to the LIBO Rate, the rate which results from
interpolating on a linear basis between: 
 (a) the applicable LIBO Rate for the longest period (for which that LIBO Rate is
available) which is less than the Interest Period of that LIBOR Advance; and 
 (b) the applicable LIBO Rate for the
shortest period (for which that LIBO Rate is available) which exceeds the Interest Period of that LIBOR Advance, 
 each as
of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest Period of that LIBOR Advance. 

“Second Amended and Restated Credit Agreement” means that certain Second Amended and Restated Credit Agreement
in the form of Schedule 14 attached hereto. 
 “Second Amendment” means that Second Amendment to this
Agreement, dated as of December 22, 2014, between the Borrowers, the Domestic Guarantors, the Administrative Agent, the Collateral Agent and the Lenders listed on the signature pages thereto. 

“Second Amendment Effective Date” has the meaning specified in the Second Amendment. 

 

	 	3.	 The definition of each of “Acquisition”, “Cash Management Bank”, “Eligible Cash Management
Agreements”, “Foreign Lender”, “GAAP”, “Immaterial Subsidiary”, “Material Agreements” and “Permitted Debt” in Section 1.01 of the Credit Agreement is
hereby amended and restated by replacing the reference to the words “Closing Date” with the words “Second Amendment Effective Date”. 

  

	 	4.	 (a) Clause (i) of the definition of “Commitment” in Section 1.01 of the Credit Agreement is hereby amended and restated
as follows: 

 “(i) the Revolving Credit Facility, U.S. $300,000,000, as such amount may be increased
or reduced pursuant to the terms hereof (the “Revolving Credit Commitment”)” 
 (b) Clause
(iii) of the definition of “Commitment” in Section 1.01 of the Credit Agreement is hereby amended by inserting the following phrase immediately following the words “Documentary Credit Lender’s Commitment”:
“means, at any time, the relevant amount designated as such and set forth opposite such Lender’s name on Schedule 3 hereof or in the assignment and assumption agreement executed and delivered pursuant to Section 16.01(2) pursuant to
which 

  
 Open Text Corporation
–Second Amendment 

  
 - 2 - 

 
it shall become a party hereto (as reduced or increased in accordance with the terms hereof);” 
  

	 	5.	 The definition of “Eurodollar Rate” in Section 1.01 of the Credit Agreement is hereby amended and restated as follows:

 ““Eurodollar Rate” means for any Interest Period as to any LIBOR Advance,
(i) the rate per annum determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (such
page currently being the LIBOR01 page) (the “LIBO 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, England time), two Business Days prior to the commencement of such Interest Period, (ii) in the event the rate referenced in the preceding clause (i) does not appear on such page or service or if such page or service shall cease
to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or other service which displays the LIBO 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, England time) two Business Days prior to the commencement of such Interest Period or (iii) in the event the rates referenced in the preceding clauses
(i) and (ii) are not available, the rate per annum determined by the Administrative Agent to be the average offered quotation rate by major banks in the London interbank market to Barclays for deposits in U.S. Dollars (for delivery on the
first day of the relevant period) of amounts in same day funds comparable to the principal amount of the LIBOR Advance for which the Eurodollar Rate is then being determined with maturities comparable to such Interest Period as of approximately
11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest Period; provided that if LIBO Rates are quoted under either of the preceding clauses (i) or (ii), but there is no such quotation for the Interest
Period elected, the LIBO Rate shall be equal to the Interpolated Rate; and provided, further, that if any such rate determined pursuant to the preceding clauses (i), (ii) or (iii) is below zero, the Eurodollar Rate will be deemed to be
zero.” 
  

	 	6.	 The definition of “FATCA” in Section 1.01 of the Credit Agreement is hereby amended and restated as follows:

 ““FATCA” means Section 1471 through 1474 of the Code as of the date hereof
(or any amended or successor provisions that are substantively comparable and not materially more onerous to comply with) and any current or future regulations thereunder or official interpretation thereof, any intergovernmental agreement entered
into in respect thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code (or any amended or successor version that is substantively comparable and not materially more onerous to comply with).” 

  
 Open Text Corporation
–Second Amendment 

  
 - 3 - 

	 	7.	 The definition of “Relevant Repayment Date” in Section 1.01 of the Credit Agreement is hereby amended and restated as
follows: 

 ““Relevant Repayment Date” means (a) in respect of Accommodations
Outstanding under the Revolving Credit Facility, the earlier of (i) December 22, 2019 and (ii) in the event that the Term Loan Facility is not repaid in full on or prior to such date in accordance with Section 2.09, the fifth
anniversary of the Closing Date (b) in respect of Accommodations under the Term Loan Facility, the fifth anniversary of the Closing Date.” 
  

	 	8.	 Section 2.05(1) of the Credit Agreement is hereby amended by inserting the following words immediately before the period: “and the
Revolving Credit Commitments shall be terminated on the Relevant Repayment Date”. 

  

	 	9.	 Section 2.05 of the Credit Agreement is hereby amended by adding the following as clause (4) thereof: 

(4) On the date of any prepayment pursuant to Section 2.06(5), the Revolving Credit Commitments of each Lender so prepaid
shall be reduced to zero. 
  

	 	10.	 Section 2.12(1)(b) of the Credit Agreement is hereby amended by replacing the words “the Closing Date” with the words “no later
than 90 days after the Second Amendment Effective Date”. 

  

	 	11.	 Section 2.12(1)(d) of the Credit Agreement is amended by (i) replacing the words “the First Amendment Effective Date” with the
words “January 16, 2014” and (ii) by inserting immediately following the words “(each a “Debenture”) the following clause: 

“and with respect to any such Debenture, Borrower and its subsidiaries shall obtain flood certifications with respect to
all properties covered or to be covered by a mortgage in the United States and evidence of flood insurance with respect to each such property that is located in a community that participates in the National Flood Insurance Program and is located in
a Special Flood Hazard Area (Zone A or V) identified by the Federal Emergency Management Agency (a “Flood Hazard Property”), in each case in compliance with any applicable regulations or other requirements of any Governmental
Authority and cause to be maintained flood insurance with respect to each Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, in each case in compliance with any applicable regulations or
other requirements of any Governmental Authority, and prior to the taking of the Debenture.” 
  

	 	12.	 Section 2.12(1)(e) of the Credit Agreement is hereby amended by (i) replacing the number “30” with the number “60”
and (ii) replacing the words “Closing Date” with the words “Second Amendment Effective Date” : 

  

	 	13.	 Each of sections 2.03(1) and (2), 6.01(1), (8), (9)-(12), (16)-(19), (27), (28) and (29), 7.02(7) and 7.02(9)(c) and (g) of the Credit
Agreement are hereby amended 

  
 Open Text Corporation
–Second Amendment 

  
 - 4 - 

	 	 
by replacing all references to the words “Closing Date” with the words “Second Amendment Effective Date”. 

 

	 	14.	 Section 2.12(2) of the Credit Agreement is hereby amended by replacing the words “Original Closing Date” with the words “Second
Amendment Effective Date”. 

  

	 	15.	 Section 6.01(6) of the Credit Agreement is hereby amended by, in the second sentence thereof, replacing the words “prior to the Closing
Date, since June 30, 2010” with the words “prior to the Second Amendment Effective Date, since June 30, 2014”. 

  

	 	16.	 Section 6.01(26) of the Credit Agreement is hereby amended and restated as follows: 

“Economic Sanctions; Anti-Money Laundering Laws. None of the Loan Parties or any of their Subsidiaries, nor, to the
knowledge of any of them without any investigation by any of them, any director, officer or employee of any of the Loan Parties or their Subsidiaries is, or is controlled or majority owned by Persons: (i) with whom dealings are restricted under
any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control or the U.S. State Department, the United Nations Security Council, the European Union, Her Majesty’s Treasury or Canada
(collectively, “Sanctions”), or (ii) that are located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions (currently, Cuba, Iran, North Korea, Sudan and Syria); 

None of the Loan Parties or any of their Subsidiaries (a) is in violation of any applicable Sanctions or applicable
Anti-Terrorism Law, or 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 or applicable Sanctions
or (b) has used the proceeds of any Accommodation to make any direct or indirect unlawful payment to any foreign or domestic government official or employee, or “foreign official” (as defined in the Foreign Corrupt Practices Act of
1977, as amended, and the rules and regulations thereunder (collectively, the “FCPA”), in contravention of the FCPA, the Bribery Act 2010 of the United Kingdom, as amended, the Corruption of Foreign Public Officials Act
(Canada) (the “CFPOA”) or any other applicable anti-corruption or anti-bribery laws or statutes.” 
  

	 	17.	 Section 7.01(19)(b) of the Credit Agreement is hereby amended by: 

(a) replacing the words “Within five (5) Business Days of the Closing Date” with the words “Within sixty
(60) Business Days of the Second Amendment Effective Date” and 

  
 Open Text Corporation
–Second Amendment 

  
 - 5 - 

 (b) replacing the words “consistent with those delivered on the Closing
Date” with the words “consistent with those delivered on the Second Amendment Effective Date pursuant to clause F of Section 4 of the Second Amendment”. 
  

	 	18.	 Clause (i) of the second paragraph of Section 9.02(5) of the Credit Agreement is hereby amended by replacing the words “Internal
Revenue Service Form W-8BEN” with “, as appropriate, Internal Revenue Service (“IRS”) Form W-BEN or IRS Form W-8BEN-E”. 

  

	 	19.	 Clause (iii) of the second paragraph of Section 9.02(5) of the Credit Agreement is hereby amended by inserting the words “or IRS
Form W-8BEN-E” immediately after “IRS Form W-8BEN”. 

  

	 	20.	 Section 9.02 of the Credit Agreement is hereby amended by adding the following as clause (7) thereof: 

“For purposes of determining withholding Taxes imposed under FATCA, from and after the Second Amendment Effective Date,
the Borrowers and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Revolving Credit Facility as not qualifying as a “grandfathered obligation” within the meaning of Treasury
Regulation Section 1.1471-2(b)(2)(i). This section 9.02(7) shall not affect the FATCA status of any other borrowing or facility under this Agreement, including the Term Loan Facility and borrowings thereunder. 

 

	 	21.	 Section 9.02 of the Credit Agreement is hereby amended by adding the following as clause (8) thereof: 

“Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days
after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of
the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 16.01(8) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to
such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such 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 any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the
Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Credit Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the
Administrative Agent under this paragraph (8).” 
  

	 	22.	 A new Article 25 is hereby added to the Credit Agreement to read as follows: 

  
 Open Text Corporation
–Second Amendment 

  
 - 6 - 

 Second Amended and Restated Credit Agreement. Each Revolving Credit Lender
hereby agrees that this Agreement shall be automatically amended and restated to be in the form of the Second Amended and Restated Credit Agreement on the date on which the conditions precedent set forth in Section 5.01 of the Second Amended
and Restated Credit Agreement are satisfied (or waived in accordance with Section 17.01), which shall be notified to the Revolving Credit Lenders and the Borrowers by the Administrative Agent and such notification shall be conclusive and
binding.” 
  

	 	23.	 The Schedules to the Credit Agreement are hereby amended by: 

(i) adding Schedule 1 hereto as Schedule 3 therein; 

(ii) replacing Schedule 6 therein with Exhibit A hereto; 

(iii) adding Exhibit B hereto as Schedule 14 therein; and 

(iv) replacing Schedules A through L therein with Exhibit C hereto. 

SECTION 2. ADDITIONAL BORROWER DESIGNATION 
  

	 	1.	 Pursuant to Section 2.03(2) of the Credit Agreement, Open Text hereby designates Open Text Holdings, Inc. (the “New Designated
Borrower”) as a “Designated Borrower” in the capacity as a Revolving Credit Borrower under and for all purposes of the Credit Agreement. 

  

	 	2.	 The Administrative Agent and the Revolving Credit Lenders acknowledge and agree that the New Designated Borrower shall be entitled to utilize the
Credit Facilities provided for in the Credit Agreement as a Revolving Credit Borrower effective as of the Second Amendment Effective Date. 

  
 Open Text Corporation
–Second Amendment 

  
 - 7 - 

 SECTION 3. TERMINATION OF BORROWER STATUS 

 

	 	1.	 Open Text hereby terminates Open Text Inc.’s status as a “Designated Borrower”. 

 

	 	2.	 The Administrative Agent and the Revolving Credit Lenders acknowledge and agree that Open Text Inc.’s status as a “Designated
Borrower” is terminated effective as of the Second Amendment Effective Date. 

 SECTION 4. CONDITIONS PRECEDENT TO EFFECTIVENESS

 The provisions set forth in Sections 1 and 2 hereof shall be effective as of the date first above
written (the “Second Amendment Effective Date”) when each of the following conditions shall have been satisfied (or waived in accordance with Section 17.01 of the Credit Agreement): 

A. the Borrowers, the Domestic Guarantors, the Majority Lenders and each Revolving Credit Lender have indicated their
agreement by the execution and delivery of the signature pages hereof to the Administrative Agent; 
 B. a certified copy of
(i) the charter documents and by-laws (or equivalent governing documents) of each Loan Party (other than any Foreign Guarantor); (ii) the resolutions of the board of directors (or any duly authorized committee or other governing body
thereof) or of the shareholders, as the case may be, of each Loan Party (other than any Foreign Guarantor) approving the commitment increase and other matters provided for in this Amendment and approving the entering into of all other related Credit
Documents to which they are a party and the completion of all transactions contemplated thereunder; (iii) all other instruments evidencing necessary corporate, company or partnership action of each Loan Party (other than any Foreign Guarantor)
and of any required Authorization with respect to such matters; and (iv) certifying the names and true signatures of its officers authorized to sign this Amendment and the other Credit Documents manually or by mechanical means; 

C. a certificate of status, compliance, good standing or like certificate with respect to each Loan Party (other than any
Foreign Guarantor) issued by the appropriate government official in the jurisdiction of its incorporation; 
 D. evidence of
registration in the necessary jurisdictions of the Encumbrances or notice thereof in favour of the Collateral Agent, the Administrative Agent or the Lenders, as required under Law, created by the Security Documents (other than any Security Documents
executed by a Foreign Guarantor) in order to preserve or protect such Encumbrances for the extended term of the Revolving Credit Facility; 

E. subject to the other conditions of this Section 4 having been satisfied, the Borrower shall have paid: 

(i) to the Administrative Agent for the ratable account and benefit of each Revolving Credit Lender who has delivered to the
Administrative Agent its executed signature page hereof on or before 6:00 p.m. Eastern Standard Time on December 19, 2014, a fee as separately agreed between Agent and Borrower; and 

  
 Open Text Corporation
–Second Amendment 

  
 - 8 - 

 (ii) all reasonable fees and documented out-of-pocket expenses owing to the
Administrative Agent (including the reasonable fees and out-of-pocket costs of legal counsel to the Administrative Agent) incurred in connection with the transactions contemplated under this Amendment in accordance with Section 15.01 of the
Credit Agreement. 
 F. reasonably satisfactory opinions of outside counsel, or, with respect to general corporate matters,
in house counsel to the Loan Parties (other than the Foreign Guarantors) in the jurisdiction of incorporation of each such Loan Party and in each jurisdiction specified by the Administrative Agent as is relevant to confirm, inter alia,
corporate existence, due authorization, execution and enforceability of all Credit Documents and the validity and perfection of the Encumbrances created by the applicable Credit Documents; 

G. a certificate of a Responsible Officer of Open Text attesting to the Solvency of Open Text and its Subsidiaries, on a
consolidated basis and taken as a whole, in form reasonably satisfactory to the Administrative Agent; 
 H. a certificate of
a Responsible Officer of Open Text confirming that after giving effect to this Second Amendment, (i) the representations and warranties contained in Article 6 of the Credit Agreement are true and correct in all material respects on and as of
the Second Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true and correct in all material
respects on and as of such earlier date and (ii) no event has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment that would constitute a Default or an Event of Default; and 

I. with respect to the New Designated Borrower, the Administrative Agent shall have received a Designated Borrower Assumption
Agreement and supporting resolutions, incumbency certificates, an opinion of counsel and information requested by Lenders in order to comply with the Patriot Act. 

SECTION 5. AFFIRMATION. 
 The obligations
of the Loan Parties and each Domestic Guarantor contained in the Domestic Guarantees shall remain in full force and effect and are hereby confirmed and continued by this Amendment and are enforceable against the Loan Parties and each of the Domestic
Guarantors. All rights, benefits, interests, duties, liabilities and obligations of the parties to the Security Documents (excluding any Security Documents entered into by Foreign Guarantors), as amended below, are hereby confirmed and continued by
this Amendment and continue to secure, apply and extend to all debts, liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured or unmatured, at any time or from time to time due or accruing due and owing by
or otherwise payable by the Loan Parties and each Domestic Guarantor to the Collateral Agent for the benefit of the Secured Creditors (as defined in the Security Documents), or any one or more of them, in any currency, under, in connection with or
pursuant to the Domestic Guarantees and any other Credit Document to which the Loan Parties and each Domestic Guarantor is a party. Without limitation of the foregoing, all security interests, pledges, assignments and other Encumbrances previously
granted by any Domestic Guarantor, as a Grantor, pursuant to the Security Documents are confirmed and continued by this Amendment, and all such security interests, pledges, assignments and other Encumbrances shall remain in full

  
 Open Text Corporation
–Second Amendment 

  
 - 9 - 

 
force and effect as security for all obligations thereunder with no change in the priority applicable thereto, in each case, subject only to Encumbrances permitted under the Credit Documents, to
the extent provided therein. 
 References in the Security Documents to which each of the Loan Parties and each Domestic Guarantor is a
party are hereby amended to refer to credit facilities being made to Open Text ULC and Open Text Holdings, Inc. in addition to Open Text Corporation. 

SECTION 6. MISCELLANEOUS 

A. Exiting Lenders. Each Revolving Credit Lender under the Credit Agreement whose name does not appear on
Schedule 1 hereto (each such Revolving Lender, an “Exiting Lender”) shall cease to be a Revolving Credit Lender from and after the Second Amendment Effective Date and the commitments and other obligations and rights with
regard to the Revolving Credit Facility (except as expressly set forth in the Credit Agreement) of such Exiting Lender shall be terminated. On the Second Amendment Effective Date, Open Text Corporation shall have paid, or caused to have been
paid, to each Exiting Lender all accrued interest and fees owing to such Exiting Lender on the Closing Date. 
 B.
Additional Revolving Credit Lenders. Each financial institution who has delivered to the Administrative Agent its executed signature page hereof and who was not a Revolving Credit Lender prior to the Second Amendment Effective Date
(each such financial institution, a “Additional Revolving Credit Lender”) shall, from and after the Second Amendment Effective Date, be a Revolving Credit Lender under the Credit Documents and the Borrowers acknowledge that
each Additional Revolving Credit Lender shall, from and after the Second Amendment Effective Date, be a Revolving Credit Lender under the Credit Documents. Each Additional Revolving Credit Lender agrees that it shall be bound by the terms of the
Credit Agreement as a Lender thereunder and that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. 

C. Binding Effect. This Amendment shall be binding upon the parties hereto and their respective successors and
assigns and shall inure to the benefit of the parties hereto and the successors and assigns of the Administrative Agent, the Collateral Agent, each of the Lenders and each of the Loan Parties. 

D. Severability. In case any provision in or obligation hereunder shall be invalid, illegal or unenforceable in
any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

E. Reference to Credit Agreement. On and after the Second Amendment Effective Date, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”,
“thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment. 

  
 Open Text Corporation
–Second Amendment 

  
 - 10 - 

 F. Effect on Credit Agreement. Except as specifically amended in
Sections 1 and 2 of this Amendment, the Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed. This Amendment shall constitute a “Credit Document” for all purposes of
the Credit Agreement and the other Credit Documents. 
 G. Execution. The execution, delivery and performance
of this Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Administrative Agent, the Collateral Agent or any Lender under the Credit
Agreement or any of the other Credit Documents. 
 H. Headings. Section headings herein are included herein
for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect. 

I. APPLICABLE LAW. THIS AMENDMENT 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 PROVINCE OF ONTARIO AND THE LAWS OF CANADA APPLICABLE IN THAT PROVINCE. 

J. Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by telecopier, facsimile, email or other
electronic means shall be effective as delivery of a manually executed counterpart of this Amendment. 

  
 Open Text Corporation
–Second Amendment 

  
 - 11 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their respective authorized officers. 
  

					
	OPEN TEXT ULC, as Revolving Credit Borrower, Term Borrower and Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	OPEN TEXT CORPORATION, as Revolving Credit Borrower and Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	OPEN TEXT HOLDINGS, INC., as Revolving Credit Borrower and Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	OPEN TEXT CANADA LTD., as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
–Second Amendment 

 
					
	VIGNETTE PARTNERSHIP, LP, by its general partner OPEN TEXT CANADA LTD., as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	OPEN TEXT INC., as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	EASYLINK SERVICES INTERNATIONAL CORPORATION, as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	EASYLINK SERVICES USA, INC., as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	XPEDITE SYSTEMS, LLC, as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
					
	GXS, INC., as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory
	
	GXS INTERNATIONAL, INC., as Domestic Guarantor
		
	By:	 	 /s/ John Doolittle

		 	Name:	 	John Doolittle
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
					
	BARCLAYS BANK PLC, as Lender, Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Ritam Bhalla

		 	Name:	 	Ritam Bhalla
		 	Title:	 	Director

  
 Open Text Corporation
– Second Amendment 

 
					
	Royal Bank of Canada
		
	By:	 	 /s/ Brad Clarkson

		 	Name:	 	Brad Clarkson
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
					
	AOZORA BANK, LTD.
		
	By:	 	 /s/ Masaki Onuma

		 	Name:	 	Masaki Onuma
		 	Title:	 	General Manager

  
 Open Text Corporation
– Second Amendment 

 
					
	Wells Fargo Capital Finance, LLC
		
	By:	 	 /s/ John Leonard

		 	Name:	 	John Leonard
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
					
	 Taiwan Cooperative Bank Ltd
 Seattle
Branch

		
	By:	 	 /s/ Ming Chih Chen

		 	Name:	 	Ming Chih Chen
		 	Title:	 	VP & General Manager

  
 Open Text Corporation
– Second Amendment 

 
					
	MUFG UNION BANK N.A.
		
	By:	 	 /s/ Michael McCutchin

		 	Name:	 	Michael McCutchin
		 	Title:	 	Director

  
 Open Text Corporation
– Second Amendment 

 
					
	Raymond James Bank, N.A.
		
	By:	 	 /s/ Daniel Simunac

		 	Name:	 	Daniel Simunac
		 	Title:	 	Managing Director & Principal Officer
		
	By:	 	 /s/ Zubair Mumtaz

		 	Name:	 	Zubair Mumtaz
		 	Title:	 	Vice President – Corporate Banking

  
 Open Text Corporation
– Second Amendment 

 
					
	Morgan Stanley Bank, N.A.
		
	By:	 	 /s/ Michael King

		 	Name:	 	Michael King
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
							
	NATIONAL BANK OF CANADA	 	
			
	By:	 	/s/ David Sellitto	 	/s/ David Torrey
		 	  

		 	Name:	 	David Sellitto	 	David Torrey
		 	Title:	 	Director	 	Managing Director

  
 Open Text Corporation
– Second Amendment 

 
					
	Bank of America, N.A., Canada Branch
		
	By:	 	 /s/ Jason Hoogenboom

		 	Name:	 	Jason Hoogenboom, SVP
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
					
	Citizens Bank, N.A.
		
	By:	 	 /s/ Andrew J. Meara

		 	Name:	 	Andrew J. Meara
		 	Title:	 	Senior Vice President

  
 Open Text Corporation
– Second Amendment 

 
					
	Bank of Montreal
		
	By:	 	 /s/ Jeff Currie

		 	Name:	 	Jeff Currie
		 	Title:	 	Director, Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
					
	PNC BANK CANADA BRANCH
		
	By:	 	 /s/ Nazmin Adatia

		 	Name:	 	Nazmin Adatia
		 	Title:	 	Senior Vice President

  
 Open Text Corporation
– Second Amendment 

 
					
	Canadian Imperial Bank of Commerce
		
	By:	 	 /s/ William J. Chrumka

		 	Name:	 	William J. Chrumka
		 	Title:	 	Executive Director
		
	By:	 	 /s/ Steve Nishimura

		 	Name:	 	Steve Nishimura
		 	Title:	 	Managing Director

  
 Open Text Corporation
– Second Amendment 

 
					
	ICICI Bank Canada
		
	By:	 	 /s/ Sandeep Goel

		 	Name:	 	Sandeep Goel
		 	Title:	 	Senior Vice President & Chief Risk Officer ICICI Bank Canada
		
	By:	 	 /s/ Lester Fernandes

		 	Name:	 	Lester Fernandes
		 	Title:	 	Assistant Vice President Corporate Banking ICICI Bank Canada

  
 Open Text Corporation
– Second Amendment 

 
					
	 HSBC BANK CANADA, as

Lender

		
	By:	 	 /s/ Andrew Sclater

		 	Name:	 	Andrew Sclater
		 	Title:	 	Global Relationship Manager Large Corporate Banking
		
	By:	 	 /s/ Jesse MacMasters

		 	Name:	 	Jesse MacMasters
		 	Title:	 	Head of Large Corporate Banking, Ontario

  
 Open Text Corporation
– Second Amendment 

 
					
	Citibank, N.A., Canadian branch
		
	By:	 	 /s/ Samin Atique

		 	Name:	 	Samin Atique
		 	Title:	 	Authorized Signatory

  
 Open Text Corporation
– Second Amendment 

 
					
	 BANK OF TOKYO-MITSUBISHI UFJ

(CANADA)

		
	By:	 	 /s/ Jack Shuai

		 	Name:	 	Jack Shuai
		 	Title:	 	Director and Relationship Manager

  
 Open Text Corporation
– Second Amendment 

 
					
	The Bank of Nova Scotia
		
	By:	 	 /s/ Eddy Popp

		 	 Eddy Popp

		 	 Director

		
	By:	 	 /s/ Duane D’Sa

		 	 Duane D’Sa

		 	 Director

  
 Open Text Corporation
– Second Amendment 

 
					
	JPMorgan Chase Bank, N.A.
		
	By:	 	 /s/ David F. Gibbs

		 	Name:	 	David F. Gibbs
		 	Title:	 	Managing Director

  
 Open Text Corporation
– Second Amendment 

 
					
	EXPORT DEVELOPMENT CANADA
		
	By:	 	 /s/ Jim McIntyre

		 	Name:	 	Jim McIntyre
		 	Title:	 	Principal
		
	By:	 	 /s/ Quynh Nguyen

		 	Name:	 	Quynh Nguyen
		 	Title:	 	Finance Manager

  
 Open Text Corporation
– Second Amendment 

 
					
	[STATE BANK OF INDIA (CANADA)]
		
	By:	 	 /s/ Pankaj Sharma

		 	Name:	 	Pankaj Sharma
		 	Title:	 	 Vice President Credit TL
 (CPC)

  
 Open Text Corporation
– Second Amendment 

 
					
	MIZUHO BANK, LTD.
		
	By:	 	 /s/ W.M. McFarland

		 	Name:	 	W.M. McFarland
		 	Title:	 	Senior Vice President, Canada Branch

  
 Open Text Corporation
– Second Amendment 

 SCHEDULE 1 

REVOLVING CREDIT COMMITMENTS/ SWING LINE LENDER’S COMMITMENT/ 

DOCUMENTARY CREDIT COMMITMENTS 
  

													
	 Lender
	  	Revolving Credit
Commitment	 	  	Documentary
Credit
Commitment	 	  	Swing Line
Lender’s
Commitment	 
	 Barclays PLC
	  	$	55,000,000	  	  				  	$	5,000,000	  
	 Morgan Stanley Bank, N.A.
	  	$	42,500,000	  	  				  			
	 HSBC Bank Canada
	  	$	30,000,000	  	  				  			
	 Royal Bank of Canada
	  	$	30,000,000	  	  	$	35,000,000	  	  			
	 Citibank, N.A., Canadian branch
	  	$	30,000,000	  	  				  			
	 Bank of Tokyo-Mitsubishi UFJ (Canada)
	  	$	20,000,000	  	  				  			
	 National Bank of Canada
	  	$	14,500,000	  	  				  			
	 Bank of Montreal
	  	$	10,000,000	  	  				  			
	 Export Development Canada
	  	$	10,000,000	  	  				  			
	 ICICI Bank Canada
	  	$	10,000,000	  	  				  			
	 Bank of America, N.A., Canada Branch
	  	$	8,000,000	  	  				  			
	 Canadian Imperial Bank of Commerce
	  	$	8,000,000	  	  				  			
	 JPMorgan Chase Bank, N.A.
	  	$	8,000,000	  	  				  			
	 PNC Bank Canada Branch
	  	$	8,000,000	  	  				  			
	 The Bank of Nova Scotia
	  	$	8,000,000	  	  				  			
	 State Bank of India (Canada)
	  	$	4,000,000	  	  				  			
	 Wells Fargo Capital Finance, LLC
	  	$	4,000,000	  	  				  			
		  	  
	  
	 	  				  			
				
	 Total Revolving Credit Commitments
	  	$	300,000,000	  	  				  			
		  	  
	  
	 	  				  			

  
 Open Text Corporation
– Second Amendment –Revolving Credit Commitments/ Swing Line Lender’s Commitment/ Documentary Credit Commitments 

 EXHIBIT A 

SCHEDULE 6 
 APPLICABLE
MARGINS/APPLICABLE FACILITY FEE 
  

									
	 Consolidated Leverage Ratio
	  	LIBOR Advances (per annum,
Term Loan)	 	 	ABR Advances (per
annum, Term Loan)	 
	 Greater than or equal to 2.25:1.00
	  	 	2.75	% 	 	 	1.75	% 
	 Less than 2.25:1.00 and greater than or equal to 1.50:1.00
	  	 	2.50	% 	 	 	1.50	% 
	 Less than 1.50:1.00
	  	 	2.25	% 	 	 	1.25	% 

  

																	
	 Consolidated Net Leverage Ratio1
	  	LIBOR Advances
(per annum,
Revolving Credit
Facility);
Documentary Credit
Participation Fee	 	 	ABR Advances
(per annum,
Revolving
Credit
Facility)	 	 	Facility Fee
(Revolving
Credit
Facility)	 	 	Documentary
Credit Fee
(Revolving
Credit
Facility)	 
	 Greater than or equal to 1.50:1.00
	  	 	2.25	% 	 	 	1.25	% 	 	 	.30	% 	 	 	.25	% 
	 Less than 1.50:1.00 and greater than or equal to 1.00:1.00
	  	 	2.00	% 	 	 	1.00	% 	 	 	.25	% 	 	 	.25	% 
	 Less than 1.00:1.00
	  	 	1.75	% 	 	 	0.75	% 	 	 	.15	% 	 	 	.25	% 

  

	1 	 As defined below. 

  
 Open Text Corporation
– Second Amendment –Revolving Credit Commitments/ Swing Line Lender’s Commitment/ Documentary Credit Commitments 

 “Consolidated Net Debt for Borrowed Money” means, at any
time, (a) (i) all Debt of Open Text and its Subsidiaries of the types described in clause (i) of the definition of “Debt” hereunder, determined on a consolidated basis, and (ii) all Synthetic Debt of Open Text
and its Subsidiaries as of such time, determined on a consolidated basis, minus (b) Unrestricted Cash. 

“Consolidated Net Leverage Ratio” means, for any Measurement Period, the ratio of (a) Consolidated Net Debt for
Borrowed Money to (b) Consolidated EBITDA, in each case for such period. 
 “Unrestricted Cash” means,
at any time, cash and Permitted Investments held in accounts on the consolidated balance sheet of Open Text as at such date to the extent that such cash and Permitted Investments would not be required to be classified as “restricted” in
accordance with GAAP (other than related to the Credit Documents (or the Liens created thereunder)). 

  
 Open Text Corporation
– Second Amendment John 

 EXHIBIT B 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

 U.S. $300,000,000 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

OPEN TEXT ULC, OPEN TEXT HOLDINGS, INC. and OPEN TEXT CORPORATION as Borrowers 

-and - 
 THE DOMESTIC GUARANTORS
PARTY HERETO 
 -and - 
 THE
FINANCIAL INSTITUTIONS NAMED HEREIN as Lenders 
 -and - 

BARCLAYS BANK PLC as sole Administrative Agent and Collateral Agent 

-and - 
 ROYAL BANK OF CANADA as
Documentary Credit Lender 
 -and- 

BARCLAYS BANK PLC and RBC CAPITAL MARKETS1 as Joint Lead Arrangers and Joint Bookrunners

 Dated as of October 2, 2006, 

as Amended as of February 15, 2007, 

and as of September 24, 2009, 

and as Amended and Restated as of November 9, 2011, 

as Amended as of December 16, 2013, 

and as of December 22, 2014, 

and as Amended and Restated as of the Effective Date 

 

	1 	 RBC Capital Markets is a marketing name for the investment banking activities of Royal Bank of Canada 

							
	ARTICLE 1	  
	INTERPRETATION	  
			
	 Section 1.01
	 	 Defined Terms
	  	 	1	  
	 Section 1.02
	 	 Gender and Number
	  	 	45	  
	 Section 1.03
	 	 Interpretation not Affected by Headings, etc.
	  	 	45	  
	 Section 1.04
	 	 Currency
	  	 	45	  
	 Section 1.05
	 	 Certain Phrases, etc.
	  	 	45	  
	 Section 1.06
	 	 Accounting Terms
	  	 	45	  
	 Section 1.07
	 	 Non-Business Days
	  	 	46	  
	 Section 1.08
	 	 Ratable Portion of Accommodations
	  	 	46	  
	 Section 1.09
	 	 Incorporation of Schedules
	  	 	46	  
	 Section 1.10
	 	 Control of Equity Securities
	  	 	46	  
	
	ARTICLE 2	  
	CREDIT FACILITY	  
			
	 Section 2.01
	 	 Availability
	  	 	47	  
	 Section 2.02
	 	 Commitments and Facility Limits
	  	 	50	  
	 Section 2.03
	 	 Designated Borrowers
	  	 	50	  
	 Section 2.04
	 	 Use of Proceeds
	  	 	52	  
	 Section 2.05
	 	 Mandatory Repayments and Reductions of Commitments
	  	 	53	  
	 Section 2.06
	 	 Mandatory Prepayments/Offers to Prepay
	  	 	53	  
	 Section 2.07
	 	 Optional Prepayments and Reductions of Commitments
	  	 	54	  
	 Section 2.08
	 	 Fees
	  	 	54	  
	 Section 2.09
	 	 Payments under this Agreement
	  	 	54	  
	 Section 2.10
	 	 Application of Payments and Prepayments
	  	 	55	  
	 Section 2.11
	 	 Computations of Interest and Fees
	  	 	55	  
	 Section 2.12
	 	 Security
	  	 	56	  
	 Section 2.13
	 	 Cash Collateral
	  	 	59	  
	 Section 2.14
	 	 Defaulting Lenders
	  	 	60	  
	
	ARTICLE 3	  
	REVOLVING CREDIT FACILITY ADVANCES	  
			
	 Section 3.01
	 	 The Advances
	  	 	63	  
	 Section 3.02
	 	 Procedure for Borrowing
	  	 	63	  
	 Section 3.03
	 	 Conversions and Elections Regarding Advances
	  	 	63	  
	 Section 3.04
	 	 Circumstances Requiring Floating Rate Pricing
	  	 	64	  
	 Section 3.05
	 	 Interest on Advances
	  	 	65	  
	 Section 3.06
	 	 Swing Line Advances
	  	 	66	  
	
	ARTICLE 4	  
	
	REVOLVING CREDIT FACILITY - DOCUMENTARY CREDITS	  
			
	 Section 4.01
	 	 Documentary Credits
	  	 	68	  
	 Section 4.02
	 	 Issue Notice
	  	 	68	  
	 Section 4.03
	 	 Form of Documentary Credits
	  	 	68	  
	 Section 4.04
	 	 Documentary Credit Reports
	  	 	69	  
	 Section 4.05
	 	 Procedure for Issuance of Documentary Credits
	  	 	69	  
	 Section 4.06
	 	 Payments of Amounts Drawn
	  	 	69	  

  
 i 

							
	 Section 4.07
	 	 Risk of Documentary Credits
	  	 	70	  
	 Section 4.08
	 	 Repayments
	  	 	71	  
	 Section 4.09
	 	 Fees
	  	 	72	  
	 Section 4.10
	 	 Existing Letters of Guarantee
	  	 	73	  
	
	ARTICLE 5	  
	
	CONDITIONS OF LENDING	  
			
	 Section 5.01
	 	 Conditions Precedent to the Initial Accommodation
	  	 	73	  
	 Section 5.02
	 	 Conditions Precedent to All Accommodations
	  	 	73	  
	 Section 5.03
	 	 No Waiver
	  	 	74	  
	
	ARTICLE 6	  
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 6.01
	 	 Representations and Warranties
	  	 	74	  
	 Section 6.02
	 	 Survival of Representations and Warranties
	  	 	84	  
	
	 ARTICLE 7
	   

	COVENANTS OF THE LOAN PARTIES	  
			
	 Section 7.01
	 	 Affirmative Covenants
	  	 	84	  
	 Section 7.02
	 	 Negative Covenants
	  	 	97	  
	 Section 7.03
	 	 Financial Covenants
	  	 	104	  
	
	ARTICLE 8	  
	EVENTS OF DEFAULT	  
			
	 Section 8.01
	 	 Events of Default
	  	 	104	  
	 Section 8.02
	 	 Remedies Upon Demand and Default
	  	 	107	  
	
	ARTICLE 9	  
	YIELD PROTECTION	  
			
	 Section 9.01
	 	 Increased Costs; Reserves on LIBOR Advances
	  	 	108	  
	 Section 9.02
	 	 Taxes
	  	 	110	  
	 Section 9.03
	 	 Mitigation Obligations: Replacement of Lenders
	  	 	114	  
	 Section 9.04
	 	 Illegality; Inability to Determine Rates
	  	 	115	  
	
	ARTICLE 10	  
	RIGHT OF SETOFF	  
			
	 Section 10.01
	 	 Right of Setoff
	  	 	117	  
	
	ARTICLE 11	  
	SHARING OF PAYMENTS BY LENDERS	  			
			
	 Section 11.01
	 	 Sharing of Payments by Lenders
	  	 	117	  
	
	ARTICLE 12	  
	ADMINISTRATIVE AGENT’S CLAWBACK	  
			
	 Section 12.01
	 	 Administrative Agent’s Claw back
	  	 	119	  
	
	ARTICLE 13	  
	AGENCY	  
			
	 Section 13.01
	 	 Appointment and Authority
	  	 	120	  

  
 ii 

							
	 Section 13.02
	 	 Rights as a Lender
	  	 	124	  
	 Section 13.03
	 	 Exculpatory Provisions
	  	 	125	  
	 Section 13.04
	 	 Reliance by Administrative Agent
	  	 	126	  
	 Section 13.05
	 	 Indemnification of Agents
	  	 	126	  
	 Section 13.06
	 	 Delegation of Duties
	  	 	127	  
	 Section 13.07
	 	 Replacement of Administrative Agent or Collateral Agent
	  	 	128	  
	 Section 13.08
	 	 Non-Reliance on Agents and Other Lenders
	  	 	129	  
	 Section 13.09
	 	 Collective Action of the Lenders
	  	 	129	  
	 Section 13.10
	 	 No Other Duties, etc.
	  	 	130	  
	 Section 13.11
	 	 Administrative Agent May File Proofs of Claim
	  	 	130	  
	
	ARTICLE 14	  
	NOTICES: EFFECTIVENESS; ELECTRONIC COMMUNICATION	  
			
	 Section 14.01
	 	 Notices, etc.
	  	 	131	  
	
	ARTICLE 15	  
	EXPENSES; INDEMNITY: DAMAGE WAIVER	  
			
	 Section 15.01
	 	 Expenses; Indemnity: Damage Waiver
	  	 	133	  
	
	ARTICLE 16	  
	SUCCESSORS AND ASSIGNS	  
			
	 Section 16.01
	 	 Successors and Assigns
	  	 	135	  
	
	ARTICLE 17	  
	AMENDMENTS AND WAIVERS	  
			
	 Section 17.01
	 	 Amendments and Waivers
	  	 	140	  
	 Section 17.02
	 	 Judgment Currency
	  	 	142	  
	 Section 17.03
	 	 Releases
	  	 	143	  
	
	ARTICLE 18	  
	GOVERNING LAW; JURISDICTION; ETC.	  
			
	 Section 18.01
	 	 Governing Law; Jurisdiction; Etc.
	  	 	143	  
	
	ARTICLE 19	  
	WAIVER OF JURY TRIAL	  
			
	 Section 19.01
	 	 Waiver of Jury Trial
	  	 	144	  
	
	ARTICLE 20	  
	MISCELLANEOUS	  
			
	 Section 20.01
	 	 Counterparts; Integration; Effectiveness; Electronic Execution
	  	 	144	  
	 Section 20.02
	 	 Severability
	  	 	145	  
	 Section 20.03
	 	 Payments Set Aside
	  	 	145	  
	 Section 20.04
	 	 No Waiver; Remedies Cumulative; Enforcement
	  	 	145	  
	 Section 20.05
	 	 Affiliate Activities
	  	 	146	  
	 Section 20.06
	 	 No Advisory or Fiduciary Responsibility
	  	 	147	  
	
	ARTICLE 21	  
	TREATMENT OF CERTAIN INFORMATION: CONFIDENTIALITY	  
			
	 Section 21.01
	 	 Treatment of Certain Information: Confidentiality
	  	 	148	  

  
 iii 

							
	ARTICLE 22	  
	DOMESTIC GUARANTEE	  
			
	 Section 22.01
	 	 Domestic Guarantee
	  	 	150	  
	 Section 22.02
	 	 Indemnity
	  	 	151	  
	 Section 22.03
	 	 Payment and Performance
	  	 	151	  
	 Section 22.04
	 	 Continuing Obligation
	  	 	151	  
	 Section 22.05
	 	 Guarantee Unaffected
	  	 	152	  
	 Section 22.06
	 	 Waivers
	  	 	152	  
	 Section 22.07
	 	 Guaranteed Parties’ Right to Act
	  	 	153	  
	 Section 22.08
	 	 Assignment and Postponement
	  	 	154	  
	 Section 22.09
	 	 Action or Inaction
	  	 	154	  
	 Section 22.10
	 	 Guaranteed Parties’ Rights
	  	 	155	  
	 Section 22.11
	 	 Demand
	  	 	155	  
	 Section 22.12
	 	 No Representations
	  	 	155	  
	 Section 22.13
	 	 Keepwell
	  	 	155	  
	 Section 22.14
	 	 Intercreditor Agreement
	  	 	156	  
	
	ARTICLE 23	  
	AFFIRMATION OF GUARANTEES AND SECURITY DOCUMENTS	  
			
	 Section 23.01
	 	 Affirmation
	  	 	156	  
	
	ARTICLE 24	  
	PARALLEL DEBT	  
	 Section 24.01
	 	 Definitions
	  	 	157	  
	 Section 24.02
	 	 Undertaking
	  	 	157	  
	 Section 24.03
	 	 Characteristics
	  	 	157	  
	 Section 24.04
	 	 Administrative Agent
	  	 	157	  
	 Section 24.05
	 	 Payments of Parallel Debt
	  	 	158	  
	 Section 24.06
	 	 Application of Payments of Parallel Debt
	  	 	158	  
	 Section 24.07
	 	 Application to German Security Only
	  	 	158	  

  
 iv 

 SCHEDULES 

Schedules Relating to Accommodations 
  

					
	 Schedule 1
	  	 -
	  	 Form of Borrowing Notice

			
	 Schedule 2
	  	 -
	  	 Form of Interest Rate Election Notice

			
	 Schedule 3
	  	 -
	  	Revolving Credit Commitments/ Swing Line Lender’s
Commitment/ Documentary Credit Commitments
			
	 Schedule 4
	  	 -
	  	 Issue Notice

			
	 Schedule 5
	  	 -
	  	 Notice Periods and Amounts

			
	 Schedule 6
	  	 -
	  	 Applicable Margins/Unused Facility Fee

			
	 Schedule 7
	  	 -
	  	 Form of Compliance Certificate

			
	 Schedule 8
	  	 -
	  	 [Intentionally deleted]

 Forms Schedules/Other Schedules 
  

					
	 Schedule 9
	  	 -
	  	 Assignment and Assumption Agreement

			
	 Schedule 10
	  	 -
	  	 Designated Borrower Request and Assumption Agreement

			
	 Schedule 11
	  	 -
	  	 Designated Borrower Notice

 Facility Arrangements 
  

					
	 Schedule 12
	  	 -
	  	 Designated Borrowers

			
	 Schedule 13
	  	 -
	  	 Intercreditor Agreement

 Disclosure Schedules 
  

					
	 Schedule A
	  	 -
	  	 Jurisdiction of Incorporation; Equity Securities; Locations; Etc.

			
	 Schedule B
	  	 -
	  	 Litigation

			
	 Schedule C
	  	 -
	  	 Location of Business

			
	 Schedule D
	  	 -
	  	 Trademarks/Patents, etc.

			
	 Schedule E
	  	 -
	  	 Owned Real Property

			
	 Schedule F
	  	 -
	  	 Subsidiaries

			
	 Schedule G
	  	 -
	  	 Material Permits

			
	 Schedule H
	  	 -
	  	 Material Agreements

					
			
	 Schedule I
	  	 -
	  	 Environmental Matters

			
	 Schedule J
	  	 -
	  	 Exempt Immaterial Subsidiaries

			
	 Schedule K
	  	 -
	  	 Existing Debt/Liens/Restrictions

			
	 Schedule L
	  	 -
	  	 Intercompany Securities/Instruments

  
 2 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

CREDIT AGREEMENT dated as of October 2, 2006, as Amended as of February 15, 2007, and as of September 24, 2009, and as Amended
and Restated as of November 9, 2011, as amended by the first amendment dated as of December 16, 2013, and as further amended by the second amendment (“Amendment No. 2”) dated as of December 22, 2014 (the
“Second Amendment Effective Date”), and as further Amended and Restated as of the Effective Date (as defined below) (this “Agreement”), between OPEN TEXT ULC, OPEN TEXT HOLDINGS, INC. and OPEN TEXT CORPORATION
(collectively the “Borrowers”), the DOMESTIC GUARANTORS PARTY HERETO, each of the lenders listed on the signature pages hereof or which pursuant to Section 16.01 becomes a “Lender” hereunder, BARCLAYS BANK PLC, as sole
Administrative Agent and Collateral Agent, ROYAL BANK OF CANADA, as Documentary Credit Lender. 
 A. The Borrowers, the financial
institutions named therein or who became lenders thereunder, the Administrative Agent and the Collateral Agent are parties to the Existing Credit Agreement. 

B. Pursuant to Amendment No. 2, the Lenders provided their consent on the Second Amendment Effective Date to amend and restate the
Existing Credit Agreement into the form of this Agreement, on and subject to the occurrence of the Effective Date. 
 C. Unless otherwise
defined in these Recitals or this Agreement, capitalized terms used herein shall have the respective meanings assigned to them in Article 1 and, for the purposes of this Agreement and the other Credit Documents, the rules of construction set forth
in Article 1 shall govern. These Recitals shall be construed as part of this Agreement. 
 FOR VALUE RECEIVED, the parties agree that the
Existing Credit Agreement be, and it hereby is, amended and restated as follows: 
 ARTICLE 1 

INTERPRETATION 
  

	Section 1.01	Defined Terms 

 As used in this Agreement, the following terms have the following
meanings: 
 “ABR Rate” means, on any day, the greater of (i) the rate of interest established by the
Administrative Agent from time to time as its prime commercial lending rate for such day for borrowings in U.S. Dollars, changing effective on the date of announcement of said corporate base rate changes, (ii) the Federal Funds Rate plus
0.50% per annum and (iii) one month Eurodollar Rate plus 1.00% per annum. The corporate base rate is not necessarily the lowest rate charged by the Lender acting as the Administrative Agent to its customers. 

“ABR Advance” has the meaning specified in the definition of “Advance” herein. 

 “Accommodation” means (i) an Advance made by a Lender on
the occasion of any Borrowing; (ii) the creation and issue of Documentary Credits by a Documentary Credit Lender; and (iii) the making of a Swing Line Advance by a Swing Line Lender (each of which is a “Type” of Accommodation).

 “Accommodation Notice” means a Borrowing Notice or an Interest Rate Election Notice, as the case may be.

 “Accommodations Outstanding” means, at any time, 

(a) in relation to (a) all Revolving Credit Borrowers and all Revolving Credit Lenders, the amount of all Accommodations
outstanding thereunder at such time made to the Revolving Credit Borrowers by the Revolving Credit Lenders, and (b) each Revolving Credit Borrower and each Revolving Credit Lender, the amount of all Accommodations outstanding at such time made
to such Revolving Credit Borrower by such Revolving Credit Lender under its Revolving Credit Commitment; 
 (b) in respect of
Documentary Credits, in relation to all Revolving Credit Borrowers and all Documentary Credit Lenders, the Face Amount of all Documentary Credits outstanding at such time issued by each Documentary Credit Lender to any of the Borrowers (and, for
greater certainty, including any Existing Documentary Credits that remain outstanding); and 
 (c) in respect of Swing Line
Advances, in relation to (a) all Revolving Credit Borrowers and all Swing Line Lenders, the amount of all Swing Line Advances outstanding thereunder at such time made to the Revolving Credit Borrowers by the Swing Line Lenders, and
(b) each Revolving Credit Borrower and each Swing Line Lender, the amount of all Swing Line Advances outstanding at such time made to such Revolving Credit Borrower by such Swing Line Lender under its Swing Line Commitment. 

In determining Accommodations Outstanding, the aggregate amount thereof shall be determined on the basis of the aggregate
principal amount of all Advances and an amount equal to the Face Amount of all Documentary Credits for which any of the Revolving Credit Lenders are contingently liable pursuant to Section 4.05, (and in respect of each Revolving Credit Lender, a
ratable part of such amount). For purposes of determining amounts of borrowing availability under the Revolving Credit Facility and Section 2.06 in light of the Revolving Credit Commitment being expressed in U.S. Dollars, any Accommodation made
under the Revolving Credit Facility that is denominated in any currency other than U.S. Dollars (and for purposes of such determinations only) shall be converted into its Equivalent U.S. $ Amount. 

“Acquisition” means any transaction, or any series of related transactions, consummated after the Second
Amendment Effective Date, by which any Loan Party directly or 

  
 - 2 - 

 
indirectly, by means of a take-over bid, tender offer, amalgamation, merger, purchase of Assets, or similar transaction having the same effect as any of the foregoing, (a) acquires any
business or all or substantially all of the assets of any Person engaged in any business, (b) acquires control of securities of a Person engaged in a business representing more than 50% of the ordinary voting power for the election of directors
or other governing body if the business affairs of such Person are managed by a board of directors or other governing body, or (c) acquires control of more than 50% of the ownership interest in any Person engaged in any business that is not
managed by a board of directors or other governing body; provided, that in no event shall any transaction or series of related transactions for which the aggregate purchase price is less than U.S. $5,000,000 constitute an Acquisition
hereunder. 
 “Additional Compensation” has the meaning specified in Section 9.01(4). 

“Additional Guarantor” has the meaning specified in Section 22.04(1). 

“Additional Restructuring and Integration Costs” means restructuring and integration costs of Open Text and
its Subsidiaries incurred in respect of, and arising within twelve months of, any Permitted Acquisition in an amount not to exceed 20% of the aggregate purchase price for such Permitted Acquisition; provided that the aggregate amount for all
such costs shall not exceed U.S. $65,000,000 in any Financial Year. 
 “Administrative Agent” means
Barclays Bank PLC as Administrative Agent for the Lenders under this Agreement, and any successor appointed pursuant to Section 13.07. 

“Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative
Agent. 
 “Advances” means the advances made by the Lenders pursuant to Article 3 and
“Advance” means any one of such Advances. Advances under the Revolving Credit Facility shall be denominated in U.S. Dollars. An Advance may (in accordance with and subject to Articles 2 and 3) be designated as a “LIBOR
Advance” or an “ABR Advance”. Each of a LIBOR Advance and an ABR Advance is a “Type” of Advance. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one
or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent-Related Persons” means each Agent, together with its Related Parties. 

“Agents” means the Administrative Agent, the Collateral Agent and the Lead Arranger. 

“Agreement” means this amended and restated credit agreement, as further amended, restated, supplemented,
modified, renewed or replaced from time to time. 
 “Amendment No. 2” has the meaning specified in the
recitals. 

  
 - 3 - 

 “Annual Business Plan” means, for any Financial Year, reasonably
detailed pro-forma balance sheet, statement of operations and statement of cash flows in respect of Open Text and its Subsidiaries, prepared on a consolidated basis in accordance with GAAP (subject to the absence of footnotes), in respect of such
Financial Year and each Financial Quarter therein and supported by appropriate explanations, notes and information, all as approved by the board of directors of Open Text. 

“Anti-Terrorism Law” shall mean any laws relating to terrorism or money laundering, including the Bank Secrecy
Act of 1990, as amended by the USA PATRIOT ACT, and the laws administered by the United States Treasury Department’s Office of Foreign Asset Control, the Criminal Code, and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act
(as any of the foregoing laws may from time to time be amended, renewed, extended, or replaced). 
 “Applicable
Margins” means, at any time, subject to the next following sentence, the margins in basis points set forth and defined in Schedule 6. In respect of (i) LIBOR Advances and Documentary Credits, the Applicable Margin shall be the margin
referred to in the column “LIBOR Advances; Documentary Credit Participation Fee” and (ii) ABR Advances, the Applicable Margin shall be the margin referred to in the column “ABR Advances”. Each Applicable
Margin shall be adjusted as of the date the Administrative Agent receives the relevant Compliance Certificate calculating the Consolidated Net Leverage Ratio. If the Borrowers shall fail to deliver such Compliance Certificate as specified and in the
time periods set forth in Section 8.01(1)(a), the Applicable Margin shall be the highest possible margin as set forth on Schedule 6 until such time as the Administrative Agent shall receive such Compliance Certificate. 

“Applicable Percentage” means with respect to any Revolving Credit Lender, the percentage of the total
Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment. If the Revolving Credit Commitments have terminated or expired, the Applicable Percentages shall be the percentage of the total Accommodations Outstanding
represented by such Lender’s Accommodations Outstanding. 
 “Applicant Borrower” has the meaning
specified in Section 2.03(2). 
 “Approved Fund” means any Fund that is administered or managed by
(a) a Lender, (b) an Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Assets” means, with respect to any Person, any property (including real property), assets and undertakings of
such Person of every kind and wheresoever situated, whether now owned or hereafter acquired (and, for greater certainty, includes any equity or like interest of any Person in any other Person). 

  
 - 4 - 

 “Assigned Agreement” means each agreement and hedge agreement in
which the U.S. Grantors have assigned a security interest to the Administrative Agent pursuant to the terms of the Security and Pledge Agreement. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible
Assignee and accepted by the Administrative Agent, in substantially the form of Schedule 9 or any other form approved by the Administrative Agent. 

“Attorney” has the meaning specified in Section 13.01(2). 

“Authorization” means, with respect to any Person, any authorization, order, permit, approval, grant, licence,
consent, right, franchise, privilege, certificate, judgment, writ, injunction, award, determination, direction, decree, by-law, rule or regulation of any Governmental Authority having jurisdiction over such Person and having the force of Law. 

“basis point” means 1/100th of one percent. 

“Beneficiary” means, in respect of any Documentary Credit, the beneficiary named in such Documentary Credit.

 “Benefit Arrangement” means at any time an “employee benefit plan”, within the meaning
of Section 3(2) of ERISA, which is neither a Plan nor a Multiemployer Plan and which is maintained, sponsored or otherwise contributed to by any Loan Party, but does not include a Canadian Pension Plan or a Canadian Benefit Plan. 

“BIA” means the Bankruptcy and Insolvency Act (Canada), as amended from time to time. 

“Borrower Materials” has the meaning specified in Section 14.01(2). 

“Borrower’s Account” means Open Text ULC’s (or other Borrower’s) U.S. Dollar account, as
applicable, the particulars of which shall have been notified to the Administrative Agent by Open Text ULC or such other Borrower at least one Business Day prior to the making of any Accommodation. 

“Borrowers” means collectively, Open Text, Open Text ULC, Open Text Holdings, Inc., Designated Borrowers
identified in Schedule 12 hereto and Designated Borrowers that become Designated Borrowers pursuant to Section 2.03, and “Borrower” means any one of them. 

“Borrowing” means a borrowing consisting of one or more Advances. 

“Borrowing Notice” has the meaning specified in Section 3.02. 

  
 - 5 - 

 “Buildings and Fixtures” means all plants, buildings,
structures, erections, improvements, appurtenances and fixtures (including fixed machinery and fixed equipment) situate on the Owned Real Properties. 

“Business” means the business of software development, maintenance, support, marketing, distribution,
licensing and professional services in connection with the foregoing. 
 “Business Day” means any day of the
year, other than a Saturday, Sunday or other day on which banks are required or authorized to close in New York, New York or Toronto, Ontario and, where used in the context of a LIBOR Advance, is also a day on which dealings are carried on in the
London interbank market. 
 “Canadian Benefit Plan” means any plan, fund, program or policy, whether oral or
written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any
Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan. 

“Canadian Pension Plans” means each pension plan required to be registered under Canadian federal or
provincial law that is maintained or contributed to by any Loan Party for its employees or former employees, but does not include the Canada Pension Plan or the Québec Pension Plan as maintained by the Government of Canada or the Province of
Québec, respectively. 
 “Capital Expenditures” means, in respect of any Person, expenditures made by
such Person for the purchase, lease or acquisition of Assets (other than current Assets) required to be capitalized for financial reporting purposes in accordance with GAAP. 

“Capital Lease Obligation” of any Person means any obligation of such Person to pay rent or other amounts
under a lease of property, real or personal, moveable or immoveable, that is required to be capitalized for financial reporting purposes in accordance with GAAP. 

“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit
of the Administrative Agent, Documentary Credit Lender (as applicable) and the Revolving Credit Lenders, as collateral for Documentary Credit obligations, or obligations of Revolving Credit Lenders to fund participations in respect thereof, cash or
deposit account balances or, if the Documentary Credit Lender benefitting from such collateral shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to
(a) the Administrative Agent and (b) the Documentary Credit Lender, as applicable (which documents are hereby consented to by the Revolving Credit Lenders). “Cash  

  
 - 6 - 

 
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Management Agreement” means any agreement to provide cash management services, including treasury,
depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements. 

“Cash Management Bank” means any Person that, (i) in the case of Cash Management Agreements existing on
the Second Amendment Effective Date, is a Lender or an Affiliate of Lender as of the date hereof and (ii) in the case of Cash Management Agreements entered into after the Second Amendment Effective Date, is a Lender or an Affiliate of a
Lender at the time it enters into a Cash Management Agreement, in each case in its capacity as a party to such Cash Management Agreement. 

“CCAA” means the Companies’ Creditors Arrangement Act (Canada), as amended from time to time. 

“Cdn. $” means lawful money of Canada. 

“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, or (b) any change in any Law or in the administration, interpretation or application thereof by any Governmental Authority. It is understood and agreed that (i) the Dodd–Frank Wall Street Reform
and Consumer Protection Act (Pub.L. 111-203, H.R. 4173), all Laws in connection therewith, all guidelines and directives in connection therewith and any compliance by a Lender with any request or directive relating thereto, shall, for the purposes
of this Agreement, be deemed to be adopted subsequent to the date hereof and (ii) all requests, rules, guidelines or directives promulgated by the Bank of International Settlements, the Basel Committee on Banking Regulations and Supervisory
Practices (or any successor or similar authority) or the United States or foreign financial regulatory authorities, in each case pursuant to Basel III, shall be deemed to be a “Change in Law” regardless of the date adopted, issued,
promulgated or implemented. 
 “Change of Control” means, any Person (or any two or more Persons acting in
concert) acquires legal or beneficial ownership, either directly or indirectly, of more than 35% of the Equity Securities of Open Text entitled to vote for the election of the board of directors of Open Text. 

“Code” means the United States Internal Revenue Code of 1986, as amended. 

“Collateral” means the Assets of the Loan Parties in respect of which the Administrative Agent, the Collateral
Agent or any Lender has a security interest pursuant to a Security Document or in which a security interest is intended to be created in favour of the Administrative Agent, the Collateral Agent or any Lender pursuant to the terms of a Security
Document. 

  
 - 7 - 

 “Collateral Account” means the U.S. Grantors’ collateral
deposit accounts, if any, opened at the request of the Administrative Agent for the purpose of holding proceeds of Collateral. 

“Collateral Agent” means Barclays Bank PLC as Collateral Agent for the Lenders under this Agreement, and any
successor appointed pursuant to Section 13.07. 
 “Commitment” means, at any time, in respect of:
(i) the Revolving Credit Facility, U.S. $300,000,000, as such amount may be increased or reduced pursuant to the terms hereof (the “Revolving Credit Commitment”); (ii) the Documentary Credits, U.S. $35,000,000
(the “Documentary Credit Commitment”); and (iii) the Swing Line Commitments, U.S. $5,000,000, as such amount may be increased or reduced pursuant to the terms hereof; and provided, for greater certainty, that (A) the
commitments in respect of Documentary Credits constitute part of the Revolving Credit Commitment, and (B) the Swing Line Commitment constitutes part of the Revolving Credit Commitment. A “Lender’s Revolving Credit
Commitment”, a “Swing Line Lender’s Commitment” and a “Documentary Credit Lender’s Commitment” means, at any time, the relevant amount designated as such and set forth opposite such Lender’s
name on Schedule 3 hereof or in the assignment and assumption agreement executed and delivered pursuant to Section 16.01(2) pursuant to which it shall become a party hereto (as reduced or increased in accordance with the terms hereof). 

“Commodity Exchange Act” means the U.S. Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from
time to time, and any successor statute. 
 “Compliance Certificate” means a certificate of Open Text signed
on its behalf by its chief executive officer, chief financial officer or any other two senior officers, in the form attached hereto as Schedule 7. 

“Consolidated Assets” means, at any time, the assets of Open Text and its Subsidiaries, determined on a
consolidated basis as of such time in accordance with GAAP. 
 “Consolidated Debt” means, at any time, the
aggregate amount of all Debt of Open Text and its Subsidiaries, determined on a consolidated basis as of such time. 

“Consolidated Depreciation and Amortization Expense” means, for any Measurement Period, depreciation and
amortization expense of Open Text and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 

“Consolidated EBITDA” means, in respect of Open Text and its Subsidiaries for any Measurement Period, and
without duplication, Consolidated Net Income for such period increased, to the extent deducted in calculating Consolidated Net Income, by the sum of (i) Consolidated Interest Expense for such period; (ii) Consolidated Income Tax Expense
for such period; (iii) Consolidated Depreciation and Amortization Expense for such period; (iv) Restructuring and Integration Costs and Additional Restructuring and Integration Costs incurred during such period; (v) stock or
stock-option based 

  
 - 8 - 

 
compensation expenses; (vi) Transaction Costs; and (vii) any non-recurring non-cash items decreasing Consolidated Net Income for such period (such as, for clarification, deferred
revenue deducted in acquisition accounting), and decreased by (viii) all cash payments during such period relating to non-cash charges which were added back in determining Consolidated EBITDA in any prior period (excluding for purposes of this
clause (viii) all Restructuring and Integration Costs and Additional Restructuring and Integration Costs, in each case paid in cash during such period), (ix) interest income (except to the extent deducted in determining Consolidated
Interest Expense) and (x) any non-recurring non-cash items increasing Consolidated Net Income for such period or which require an accrual of, or reserve for, cash charges for any future period, all as determined at such time in accordance with
GAAP. 
 For purposes of calculating Consolidated EBITDA for any period pursuant to any determination of the Consolidated Net
Leverage Ratio, if during such period (or in the case of calculations determined on a pro forma basis, during the period from the last day of such period to and including the date as of which such calculation is made) Open Text or one or more
of its Subsidiaries shall have made a Material Disposition or a Material Permitted Acquisition, Consolidated EBITDA for such period shall be calculated after giving effect thereto on a pro forma basis calculated on terms reasonably
satisfactory to the Administrative Agent, giving effect to identifiable cost savings documented to the reasonable satisfaction of the Administrative Agent. 

“Consolidated Income Tax Expense” means, for any Measurement Period, the aggregate of all Taxes (including
deferred Taxes) based on income of Open Text and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 

“Consolidated Interest Expense” means, in respect of Open Text and its Subsidiaries, for any Measurement
Period, the sum of, without duplication, (i) all items properly classified as interest expense in accordance with GAAP and (ii) the imputed interest component of any element of Consolidated Debt (such as leases) which would not be
classified as interest expense pursuant to (i), all as determined at such time in accordance with GAAP. 

“Consolidated Net Debt for Borrowed Money” means, at any time, (a) (i) all Debt of Open Text and its
Subsidiaries of the types described in clause (i) of the definition of “Debt” hereunder, determined on a consolidated basis, and (ii) all Synthetic Debt of Open Text and its Subsidiaries as of such time, determined on a
consolidated basis, minus (b) Unrestricted Cash. 
 “Consolidated Net Leverage Ratio” means, for
any Measurement Period, the ratio of (a) Consolidated Net Debt for Borrowed Money to (b) Consolidated EBITDA, in each case for such period. 

  
 - 9 - 

 “Consolidated Net Income” means, for any Measurement Period, the
net income (loss) of Open Text and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. 

“Consolidated Senior Secured Net Debt for Borrowed Money” means, at any time, (a) the aggregate amount of
(i) all Debt of Open Text and its Subsidiaries of the types described in clause (i) of the definition of “Debt” hereunder and secured by an Encumbrance on the Assets of Open Text or any of its Subsidiaries, on a consolidated
basis and (ii) all Synthetic Debt of Open Text and its Subsidiaries and secured by an Encumbrance on the Assets of Open Text or any of its Subsidiaries as of such time, determined on a consolidated basis, minus (b) Unrestricted
Cash. 
 “Consolidated Senior Secured Net Leverage Ratio” means, for any Measurement Period, the ratio of
(a) Consolidated Senior Secured Net Debt for Borrowed Money to (b) Consolidated EBITDA, in each case for such period. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlled” has the corresponding meaning. 

“Credit Documents” means this Agreement, the Documentary Credits, the Security Documents, the Eligible Hedging
Agreements, the Eligible Cash Management Agreements, certificates and written notices executed by any of the Loan Parties and delivered to the Collateral Agent, the Administrative Agent or the Lenders, or any of them, and all other documents
designated by their terms as “Credit Documents” and executed and delivered to the Collateral Agent, the Administrative Agent or the Lenders, or any of them, by any of the Loan Parties in connection with the Revolving Credit
Facility. 
 “Custodian” has the meaning specified in Section 13.01(2). 

“Debenture” has the meaning specified in Section 2.12(1)(d). 

“Debt” of any Person means, at any time, (without duplication), (i) all indebtedness of such Person for
borrowed money including borrowings of commodities, bankers’ acceptances, letters of credit or letters of guarantee; (ii) all indebtedness of such Person for the deferred purchase price of property or services represented by a note or
other evidence of indebtedness (other than trade payables and other current liabilities incurred in the ordinary course of business); (iii) all indebtedness of such Person created or arising under any conditional sale or other title retention
agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property) (but excluding customary title
retention provisions in supply contracts entered into in the ordinary course of business with payment terms not exceeding 120 days and as 

  
 - 10 - 

 
to which payments are not overdue by more than 30 days); (iv) all indebtedness of another Person secured by an Encumbrance on any properties or assets of such Person (other than Encumbrances
being contested in good faith); (v) all Capital Lease Obligations of such Person; (vi) the aggregate amount at which any shares in the capital of such Person which are redeemable or retractable at the option of the holder may be retracted
or redeemed for cash or indebtedness of the type described in clause (i) above provided all conditions precedent for such retraction or redemption have been satisfied; (vii) all other obligations of such Person upon which interest charges
are customarily paid by such Person; (viii) the net amount of all obligations of such Person (determined on a marked-to-market basis) under Hedging Agreements; and (ix) all Debt Guaranteed by such Person. 

“Debt Guaranteed” by any Person means the maximum amount which may be outstanding at the relevant time of all
Debt which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise acquire, or in respect of which such Person has otherwise assured a creditor or other Person against
loss; provided that in circumstances in which less than such amount has been guaranteed by such Person, only the guaranteed amount shall be taken into account in determining such Person’s Debt Guaranteed; and provided further that, for
clarification, “Debt Guaranteed” does not include comfort letters, keep well agreements and other agreements of similar effect given by such Person in respect of another Person for the purpose of satisfying Law, retaining officers
and directors of such other Person or financial audits of such other Person, in each case, in accordance with customary business practices of such Person. 

“Debtor Relief Laws” means the BIA, the CCAA, the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of other applicable jurisdictions from time to time in effect and
affecting the rights of creditors generally. 
 “Default” means any event or condition that constitutes an
Event of Default or that, with the giving of any notice, passage of time, or both, would constitute an Event of Default. 

“Default Interest” has the meaning specified in Section 3.05(3). 

“Defaulting Lender” means, subject to Section 2.14, any Lender that (a) has failed to (i) fund
all or any portion of its Advances within two Business Days of the date such Advances were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrowers in writing that such failure is the result of such
Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the
Administrative Agent, any Documentary Credit Lender, any Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in 

  
 - 11 - 

 
Documentary Credits or Swing Line Advances) within two Business Days of the date when due, (b) has notified the Borrowers or the Administrative Agent or any Documentary Credit Lender or
Swing Line Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund an Advance
hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public
statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrowers, to confirm in writing to the Administrative Agent and the Borrowers that it will comply with its
prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrowers), or
(d) has, or has a direct or indirect parent company that has, after the date hereof, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority
acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental
Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such
Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through
(d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.13) upon delivery of written notice of such determination to the Borrowers, each Documentary Credit
Lender, each Swing Line Lender and each Lender. 
 “Deposit Account Control Agreement” has the meaning
specified in Section 7.01(15)(c)(i). 
 “Designated Borrower” means certain Subsidiaries of the Borrowers
listed on Schedule 12 hereto or that may become a party hereto pursuant to Section 2.03. 
 “Designated Borrower
Notice” has the meaning specified in Section 2.03(2). 
 “Designated Borrower Request and Assumption
Agreement” has the meaning specified in Section 2.03(2). 
 “Disclosed Matters” means the actions,
suits and proceedings and the environmental matters disclosed in Schedule B and Schedule I. 

  
 - 12 - 

 “Disposition” means with respect to any Asset of any Person, any
direct or indirect sale, lease (where such Person is the lessor of such Asset), assignment, cession, transfer, exchange, conveyance, release or gift of such Asset, including by means of a Sale-Leaseback Transaction and “Dispose” and
“Disposed” have meanings correlative thereto; provided that dispositions of past due accounts receivable in connection with the collection, write down or compromise thereof in the ordinary course of business shall not constitute
Dispositions. 
 “Documentary Credit” means a letter of credit (including a standby letter of credit) or a
letter of guarantee issued or to be issued by a Documentary Credit Lender for the account of a Revolving Credit Borrower pursuant to Article 4 and denominated in such currency as may be requested by the applicable Borrower and agreed to by the
Documentary Credit Lender (which, in any event, shall include U.S. $, Cdn. $, Pounds Sterling and Euros) as the same may be amended, supplemented, extended or restated from time to time. 

“Documentary Credit Borrower” means a Revolving Credit Borrower. 

“Documentary Credit Borrowing” has the meaning specified in Section 4.06(2). 

“Documentary Credit Commitment” means the obligation of a Documentary Credit Lender to issue Documentary
Credits under the Revolving Credit Facility, as such obligation may be increased or reduced from time to time in accordance with the provisions of this Agreement. 

“Documentary Credit Fee” means the fee in basis points per annum set forth and defined in Schedule 6, or such
other fee as may be agreed between a Borrower and a Documentary Credit Lender. 
 “Documentary Credit
Lender” means Royal Bank of Canada and any Revolving Credit Lender that has a Documentary Credit Commitment (and, where the context requires, also means the issuer of any Existing Documentary Credit which remains outstanding). 

“Documentary Credit Participation Fee” means the fee in basis points per annum set forth and defined in
Schedule 6. 
 “Domestic Guarantee” means the guarantee of each of the Domestic Guarantors set forth in
Article 22 hereof and any additional guarantee of a Domestic Guarantor in respect of the Guaranteed Obligations. For the avoidance of doubt, no Person shall guarantee its own Obligations. 

“Domestic Guarantor” means Open Text and each Subsidiary of Open Text (other than any Excluded Subsidiaries)
organized under the laws of Canada or of a jurisdiction located within Canada or the United States or which has otherwise executed the Domestic Guarantee, in each case, in its capacity as a guarantor under the Domestic Guarantee. 

  
 - 13 - 

 “EBITDA” means, as to any Subsidiary of Open Text for any
Measurement Period, and without duplication, net income (or loss) of such Subsidiary for such period increased, to the extent deducted in calculating net income (or loss), by the sum of (i) interest expenses of such Subsidiary for such period;
(ii) income tax expenses of such Subsidiary for such period; (iii) depreciation and amortization expenses of such Subsidiary for such period; (iv) such Subsidiary’s ratable share of Restructuring and Integration Costs and
Additional Restructuring and Integration Costs incurred during such period; (v) stock or stock-option based compensation expenses of such Subsidiary; (vi) such Subsidiary’s ratable share of Transaction Costs; and (vii) any
non-recurring non-cash items decreasing net income of such Subsidiary for such period (such as, for clarification, deferred revenue deducted in acquisition accounting), and decreased by (viii) all cash payments made by such Subsidiary during
such period relating to non-cash charges which were added back in determining EBITDA in any prior period (excluding for purposes of this clause (viii) such Subsidiary’s ratable share of Restructuring and Integration Costs and Additional
Restructuring and Integration Costs, in each case, paid in cash during such period), (ix) interest income (except to the extent deducted in determining interest expense) of such Subsidiary and (x) any non-recurring non-cash items
increasing net income of such Subsidiary for such period or which require an accrual of, or reserve for, cash charges for any future period, all as determined at such time in accordance with GAAP. 

“Effective Date” means the date on which the conditions precedent set forth in Section 5.01 have been
satisfied and the Administrative Agent has provided notice of such satisfaction to the Borrowers and the Lenders. 

“Effective Yield” means, as to any Debt, the yield thereon, whether in the form of interest rate, margin,
original issue discount, up-front fees, interest rate floors or similar devices, all recurring fees and all other fees, or otherwise; provided that original issue discount and up-front fees shall, for floating rate Debt, be equated to
interest rate assuming a 4-year life to maturity; and provided further that “Effective Yield” shall not include arrangement fees or similar fees paid to the arrangers or lenders for such Debt. 

“Eligible Assignee” means any Person (other than a natural person, any Loan Party (except assignments to the
applicable Borrower pursuant to Section 16.01) or any Affiliate of a Loan Party), in respect of which any consent that is required by Section 16.01 has been obtained. 

“Eligible Cash Management Agreements” means any Cash Management Agreement that is in existence as of the
Second Amendment Effective Date or entered into after the Second Amendment Effective Date, in each case, by and between the Loan Parties and any Cash Management Bank. 

“Eligible Hedging Agreements” means one or more agreements between the Loan Parties and certain of the Lenders
or an Affiliate of a Lender (collectively, the “Hedge Lenders”) evidenced by a form of agreement approved by the International Swaps and Derivatives Dealers Association, Inc. (or other form approved by the Administrative

  
 - 14 - 

 
Agent) using the full two-way payment method to calculate amounts payable thereunder and evidencing (i) any interest rate hedge (including any interest rate swap, cap or collar); or
(ii) any foreign exchange hedge, provided that any such hedging agreements entered into by any Loan Party and any Person at the time that such Person was a Lender hereunder shall continue to be an Eligible Hedging Agreement notwithstanding that
such Person ceases, at any time, to be a Lender hereunder. 
 “Encumbrance” means any hypothec, mortgage,
pledge, security interest, lien, charge or any encumbrance of any kind that in substance secures payment or performance of an obligation of any Loan Party and includes the interest of a vendor or lessor under any conditional sale agreement,
capitalized lease or other title retention agreement. 
 “Environmental Laws” means all Laws relating to the
environment, occupational health and safety matters or conditions, Hazardous Substances, pollution or protection of the environment, including Laws relating to (i) on site or off-site contamination; (ii) occupational health and safety
relating to Hazardous Substances; (iii) chemical substances or products; (iv) Releases of pollutants, contaminants, chemicals or other industrial, toxic or radioactive substances or Hazardous Substances into the environment; and
(v) the manufacture, processing, distribution, use, treatment, storage, transport or handling of Hazardous Substances, the clean-up or other remediation thereof, and including, without limitation, the Canadian Environmental Protection
Act, 1999 S.C. 1999, c.33, the Fisheries Act R.S.C. 1985, c.F.14, Transportation of Dangerous Goods Act, S.C. 1992 c.34, the Migratory Birds Convention Act, S.C. 1994, c. 22, the Species at Risk Act S.C. 2002,
c. 29, the Hazardous Products Act R.S.C. 1985, c.H-3, the Canada Shipping Act 2001, S.C. 2001, c.26, the Canada Wildlife Act R.S.C. 1985, c.W-9, the Clean Air Act, 42 U.S.C. § 7401 et seq., the Clean Water
Act, 33 U.S.C. § 1251 et seq., the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. § 9601 et seq., the Emergency Planning and Community Right-To-Know Act, 42 U.S.C. § 11001 et seq.,
the Oil Pollution Act, 33 U.S.C. § 2701 et seq., the Resource Conservation and Recovery Act, 42 U.S.C. § 6901 et seq., the Safe Drinking Water Act, 42 U.S.C. § 300f et seq., and the Toxic Substances Control
Act, 15 U.S.C. § 2601 et seq.. 
 “Environmental Liabilities” means any liability, contingent or
otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of Borrower, Open Text or any of their Subsidiaries directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) Borrower’s, Open Text’s or any of its Subsidiaries’ generation, use, handling, collection, treatment, storage, transportation, recovery, recycling or disposal of any Hazardous Substances, (c) exposure
to any Hazardous Substances, (d) the release or threatened release of any Hazardous Substances 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. 
 “Environmental Permits” includes all permits, certificates, approvals,
registrations and licences issued by any Governmental Authority to any of the Loan Parties or to the 

  
 - 15 - 

 
Business pursuant to Environmental Laws and required for the operation of the Business or the use of the Owned Real Properties or other Assets of any of the Loan Parties. 

“Equivalent U.S. $ Amount” means, with respect to an amount denominated in U.S. Dollars, such amount, and with
respect to an amount denominated in any other currency, the equivalent in U.S. Dollars of such amount determined at the Exchange Rate on the applicable Valuation Date. 

“Equity Securities” means, with respect to any Person, any and all shares, interests, participations, rights
in, or other equivalents (however designated and whether voting or non-voting) of, such Person’s capital, whether outstanding on the Effective Date or issued after the Effective Date, including any interest in a partnership, limited partnership
or other similar Person and any beneficial interest in a trust, and any and all rights, warrants, options or other rights exchangeable for or convertible into any of the foregoing. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended or
supplemented from time to time, and any successor statute of similar import, and the rules and regulations thereunder, as from time to time in effect. 

“ERISA Group” shall mean, at any time, the Loan Parties and all members of a controlled group of corporations
and all trades or businesses (whether or not incorporated) under common control and all other entities which, together with any of the Loan Parties, are treated as a single employer under Section 414 of the Internal Revenue Code. 

“Euros” means the single currency of the participating members of the European Union. 

“Eurodollar Rate” means for any Interest Period as to any LIBOR Advance, (i) the rate per annum
determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (such page currently being the
LIBOR01 page) (the “LIBO 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, England time), two
Business Days prior to the commencement of such Interest Period, (ii) in the event the rate referenced in the preceding clause (i) does not appear on such page or service or if such page or service shall cease to be available, the rate
determined by the Administrative Agent to be the offered rate on such other page or other service which displays the LIBO 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, England time) two Business Days prior to the commencement of such Interest Period or (iii) in the event the rates referenced in the preceding clauses (i) and (ii) are
not available, the rate per annum determined by the Administrative Agent to be the average offered quotation rate by major banks in the London interbank market to Barclays for deposits in U.S. Dollars (for delivery on the first day of the relevant
period) of amounts in same day 

  
 - 16 - 

 
funds comparable to the principal amount of the LIBOR Advance for which the Eurodollar Rate is then being determined with maturities comparable to such Interest Period as of approximately 11:00
a.m. (London, England time) two Business Days prior to the commencement of such Interest Period; provided that if LIBO Rates are quoted under either of the preceding clauses (i) or (ii), but there is no such quotation for the Interest Period
elected, the LIBO Rate shall be equal to the Interpolated Rate; and provided, further, that if any such rate determined pursuant to the preceding clauses (i), (ii) or (iii) is below zero, the Eurodollar Rate will be deemed to be zero. 

“Event of Default” has the meaning specified in Section 8.01(1). 

“Exchange Rate” means the rate at which any currency (the “Pre-Exchange Currency”) may be
exchanged into U.S. Dollars, Euros or another currency (the “Exchanged Currency”), as set forth on such date on the relevant Reuters screen at or about 11:00 a.m. (London, England time) on such date. In the event that such rate does
not appear on the Reuters screen, the “Exchange Rate” with respect to exchanging such Pre-Exchange Currency into such Exchanged Currency shall be determined by reference to such other publicly available service for displaying exchange
rates as may be agreed upon by the Administrative Agent and the Borrowers or, in the absence of such agreement, such “Exchange Rate” shall instead be the Administrative Agent’s spot rate of exchange in the interbank market where its
foreign currency exchange operations in respect of such Pre-Exchange Currency are then being conducted, at or about 11:00 a.m., local time, on such date for the purchase of the Exchanged Currency, with such Pre-Exchange Currency for delivery two
Business Days later; provided, that if at the time of any such determination, no such spot rate can reasonably be quoted, the Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination
shall be conclusive absent manifest error. 
 “Exchanged Currency” has the meaning specified in the
definition of “Exchange Rate” herein. 
 “Excluded Hedging Obligation” means, with respect
to any Guarantor, any Hedging Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Hedging Obligation (or any Guarantee thereof) is or
becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the U.S. Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any
reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 22.13 and any and all Guarantees of such Guarantor’s Hedging Obligations by other Guarantors)
at the time the Guarantee of such Guarantor or the grant of such security interest becomes effective with respect to such Hedging Obligation. If a Hedging Obligation arises under a master agreement governing more than one hedge, such exclusion shall
apply only to the portion of such Hedging Obligation that is attributable to hedges for which such Guarantee or security interest is or becomes illegal. 

  
 - 17 - 

 “Excluded Subsidiary” means (i) any non-wholly owned
Subsidiary of Open Text, (ii) any Immaterial Subsidiary and (iii) any other Subsidiary of Open Text (other than a Borrower) to the extent that the entering into of a Guarantee in respect of the Revolving Credit Facility would give rise to
material adverse tax consequences or would be materially restricted or limited or prohibited by Law; provided that, except as set forth in the succeeding proviso, Open Text and the other Loan Parties shall represent, in the aggregate, at
least 75% of Consolidated EBITDA (the “Minimum Percentage”), and Open Text shall be obligated to designate one or more Subsidiaries that would otherwise qualify as Excluded Subsidiaries as Material Subsidiaries in order to comply
with the terms of this proviso; provided further that if, solely as a result of material adverse tax consequences or material restrictions or limitations or prohibitions of Law, the Loan Parties are unable to comply with the foregoing
proviso, then the Minimum Percentage may be lower than 75%, provided that Open Text certifies to the Administrative Agent the nature of such restrictions, prohibitions or tax consequences in reasonable detail. Notwithstanding anything to the
contrary contained in this definition, (i) to the extent that the financial results of any Subsidiary of Open Text negatively impact Consolidated EBITDA for any Measurement Period, such Subsidiary shall be disregarded for purposes of the
calculations contained in the foregoing two provisos; (ii) no Subsidiary shall be deemed to be an Excluded Subsidiary if it has guaranteed any Indebtedness incurred pursuant to clause (b) or (o) of the definition of Permitted Debt or
Refinancing Debt in respect thereof; and (iii) with respect to any Immaterial Subsidiary acquired after the Effective Date, such Immaterial Subsidiary shall not be subject to the representations, warranties, covenants, Events of Default and
other provisions in the Credit Documents for a period of twelve months following any such acquisition; provided that such twelve month period may be extended upon notice to the Administrative Agent in connection with tax filings or
assessments necessary to complete any dissolution, winding up, merger or amalgamation of any such Immaterial Subsidiary. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any other recipient of any
payment to be made by or on account of any obligation of a Loan Party hereunder or under any Credit Document, (a) Taxes imposed on or measured by its net income or capital, and franchise Taxes imposed on it (in lieu of net income taxes), by the
jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or resident or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located,
(b) any branch profits Taxes or any similar Tax imposed by any jurisdiction in which the Lender is located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the applicable Borrower under Section 9.03(2)
or a Foreign Lender that becomes a party hereto during the continuance of an Event of Default), any withholding Tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new
lending office) or is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 9.02(5), except to the extent that such Foreign Lender (or its assignor, if any) was entitled,
at the time of designation of a new lending office (or assignment), to receive additional amounts from the applicable Borrower with respect to 

  
 - 18 - 

 
such withholding Tax pursuant to Section 9.02(1), and (d) any United States federal withholding Taxes that are imposed under FATCA. 

“Exempt Immaterial Subsidiary” has the meaning specified in the definition of “Immaterial
Subsidiary” herein. 
 “Existing Credit Agreement” means that certain Credit Agreement initially
dated as of October 2, 2006, as amended as of February 15, 2007 and as of September 24, 2009, as amended and restated as of November 9, 2011, as further amended as of December 16, 2013 and as further amended by Amendment
No. 2 as of the Second Amendment Effective Date, by and among the Borrowers party thereto, Barclays Bank PLC as administrative agent, the other financial institutions party thereto and the lenders party thereto from time to time. 

“Existing Credit Facility” means the Existing Credit Agreement. 

“Existing Documentary Credits” means outstanding Documentary Credits issued prior to the Effective Date by any
Documentary Credit Lender and set out in Schedule N. 
 “Face Amount” means, in respect of a Documentary
Credit, the maximum amount which the Documentary Credit Lender is contingently liable to pay to the beneficiary thereof. 

“Facility” means the Revolving Credit Facility and any Incremental Facility that is not implemented in the
form of an increase to the Revolving Credit Facility. 
 “Facility Fee” means the applicable fee in basis
points per annum set forth and defined in Schedule 6. The Facility Fee shall be adjusted as of the earlier of (i) 3 Business Days after the date the Administrative Agent receives the relevant Compliance Certificate calculating the Consolidated
Net Leverage Ratio; and (ii) the latest date specified in Section 8.01(1)(a) for the delivery of the relevant Compliance Certificate. 

“FATCA” means Sections 1471 through 1474 of the Code as of the date hereof (or any amended or successor
provisions that are substantively comparable and not materially more onerous to comply with) and any current or future regulations thereunder or official interpretation thereof, any intergovernmental agreement entered into in respect thereof and any
agreements entered into pursuant to Section 1471(b)(1) of the Code (or any amended or successor version that is substantively comparable and not materially more onerous to comply with). 

“Federal Funds Rate” means for any day, the rate per annum (expressed as a decimal, rounded upwards, if
necessary, to the next higher 1/100 of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day; provided (i) if such
day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding 

  
 - 19 - 

 
Business Day, and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to Administrative Agent, in
its capacity as a Lender, on such day on such transactions as determined by Administrative Agent. 
 “Fees”
means the fees payable by the Borrowers under this Agreement or under any other Credit Document. 
 “Financial
Officer” means the chief financial officer, principal accounting officer, treasurer or controller of Open Text. 

“Financial Quarter” means, in respect of any Loan Party, a period of approximately three consecutive months in
each Financial Year ending on March 31, June 30, September 30, and December 31, as the case may be, of such year. 

“Financial Year” means the financial year of Open Text commencing on or about July 1 of each calendar
year and ending on June 30 of such calendar year. 
 “Foreign Guarantee” means the guarantee of each of
the Foreign Guarantors, which guarantee shall, in each case, contain substantially the terms set forth in Article 22 hereof with such adjustments as may be reasonably necessary in order to comply with the requirements of Law in the jurisdiction in
which such Foreign Guarantor is organized and/or existing, such adjustments to be in form and substance reasonably satisfactory to the Administrative Agent, and any additional guarantee of a Foreign Guarantor in respect of the Guaranteed
Obligations. For the avoidance of doubt, no Person shall guarantee its own Obligations. 
 “Foreign
Guarantor” means each Subsidiary of Open Text (that is not a Domestic Guarantor or an Excluded Subsidiary), in each case in its capacity as a guarantor under a Foreign Guarantee. 

“Foreign Lender” means any Lender that is not resident for income tax or withholding tax purposes under the
laws of the jurisdiction in which the applicable Borrower is resident for tax purposes on the Effective Date and that is not otherwise considered or deemed in respect of any amount payable to it hereunder or under any Credit Document to be resident
for income tax or withholding tax purposes in the jurisdiction in which the applicable Borrower is resident for tax purposes by application of the laws of that jurisdiction. For purposes of this definition, Canada and each Province and Territory
thereof shall be deemed to constitute a single jurisdiction and the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Foreign Plan” means any benefit plan, other than a Canadian Benefit Plan or Canadian Pension Plan, sponsored,
maintained or contributed to by any Loan Party that under applicable law other than the laws of the United States or any political subdivision 

  
 - 20 - 

 
thereof, is required to be funded through a trust or other funding vehicle other than a trust or funding vehicle maintained exclusively by a Governmental Authority. 

“Foreign Plan Event” means, with respect to any Foreign Plan, (a) the existence of unfunded liabilities
in excess of the amount permitted under any applicable law, (b) the failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments, (c) the receipt of a notice
by a Governmental Authority relating to the intention to terminate any such Foreign Plan or to appoint a trustee or similar official to administer any such Foreign Plan, or alleging the insolvency of any such Foreign Plan or (d) the incurrence
of any liability by any Loan Party under applicable law on account of the complete or partial termination of such Foreign Plan or on account of the complete or partial withdrawal of any participating employer therein. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to any Documentary
Credit Lender, such Defaulting Lender’s ratable share of the outstanding Documentary Credit obligations other than Documentary Credit obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other
Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender’s ratable share of Swing Line Advances other than Swing Line Advances as to which such Defaulting
Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

“GAAP” means accounting principles generally accepted in the United States applied on a consistent basis;
provided, however, that, in the event of any change in GAAP from those applied in the preparation of the financial statements of Open Text most recently delivered on or prior to the Effective Date that would affect the computation of
any financial covenant, ratio, accounting definition or requirement set forth in this Agreement or any other Credit Document, if Open Text or the Majority Lenders shall so request, the Administrative Agent, the Majority Lenders and the Borrowers
shall negotiate in good faith, each acting reasonably, to amend such financial covenant or requirement to preserve the original intent thereof in light of such change in GAAP; provided, further, that, until so amended as provided in the
preceding proviso, (a) such ratio or requirement shall continue to be computed in accordance with GAAP without regard to such change therein, and (b) the Loan Parties shall furnish to the Administrative Agent and the Lenders financial
statements and other documents required under this Agreement, setting forth a reconciliation between calculations of such financial covenant or requirement made before and after giving effect to such change in GAAP; provided, further, that,
notwithstanding any other provision contained herein, any lease that is treated as an operating lease for purposes of GAAP as of the date hereof shall continue to be treated as an operating lease (and any future lease, if it were in effect on the
date hereof, that would be treated as an operating lease for purposes of GAAP as of the date hereof shall be treated as an operating lease), in each case, for purposes of this Agreement, notwithstanding any change in GAAP after the date hereof. 

  
 - 21 - 

 “German Guarantee” means a Foreign Guarantee granted under
German law. 
 “German Security” means any security or guarantee created or expressed to be created under
the German Security Documents. 
 “German Security Documents” means any document entered into by any Loan
Party or any of its Subsidiaries creating or expressed to create a mortgage, charge, pledge, lien, guarantee (including any Foreign Guarantee) or other security interest securing any obligation of any Person or any other agreement or arrangement
having a similar effect in respect of the Credit Documents under German law. 
 “Governmental Authority”
means the government of Canada, the United States or any other nation, or of any political subdivision thereof, whether provincial, 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 and including a
Minister of the Crown, Superintendent of Financial Institutions or other comparable authority or agency. 

“Guaranteed Obligations” has the meaning specified in Section 22.01. 

“Guaranteed Parties” has the meaning specified in Section 22.01. 

“Guarantees” means, collectively, the Domestic Guarantee and the Foreign Guarantee, and
“Guarantee” means any one of them. 
 “Guarantors” means, collectively, the Domestic
Guarantors and the Foreign Guarantors, and “Guarantor” means any one of them. 
 “GXS
Acquisition” means the acquisition by Open Text of all of the equity interests of GXS Group, Inc. pursuant to the GXS Acquisition Agreement. 

“GXS Acquisition Agreement” means Agreement and Plan of Merger dated as of November 4, 2013, by and among
Open Text, Ocelot Merger Sub, Inc., a wholly-owned Subsidiary of Open Text, GXS Group, Inc. and Global Acquisition LLC as stockholders’ representative. 

“GXS Indebtedness” means, collectively, (i) that certain Credit and Guaranty Agreement, dated as of
December 23, 2009, among GXS Worldwide, Inc., a Delaware corporation, certain subsidiaries of GXS Group, Inc., as guarantors, the lenders party thereto from time to time, Wells Fargo Foothill, Inc., as administrative agent and Wilmington Trust
FSB as collateral trustee, Wells Fargo Foothill, Inc., Barclays Capital, the investment banking division of Barclays Bank PLC, J.P. Morgan Securities Inc. and Citigroup Global Markets Inc., as joint lead arrangers and joint bookrunners, Barclays
Capital, the investment banking division of Barclays Bank PLC and J.P. Morgan Securities, Inc., as co-syndication agents, and Citigroup Global Markets Inc., as 

  
 - 22 - 

 
documentation agent, as amended; (ii) the notes issued under the Indenture dated as of December 23, 2009, among GXS Worldwide, Inc., a Delaware corporation, the guarantors party thereto
and U.S. Bank National Association, as trustee and Wilmington Trust FSB, as collateral trustee, as amended; and (iii) the notes issued under the Purchase Agreement, dated October 5, 2007, by and between GXS Holdings, Inc. and General
Electric Capital Corporation, as amended. 
 “Hazardous Substance” means any substance, waste, liquid,
gaseous or solid matter, fuel, micro-organism, sound, vibration, ray, heat, odour, radiation, energy, plasma and organic or inorganic matter, alone or in any combination which is regulated under any applicable Environmental Laws as hazardous waste,
a hazardous substance, a pollutant, a deleterious substance, a contaminant or a source of pollution or contamination under any Environmental Law. 

“Hedge Lenders” has the meaning specified in the definition of “Eligible Hedging Agreements”
herein. 
 “Hedging Agreements” means any agreement with respect to any swap, forward, future or derivative
transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or
pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments to current or former directors, officers, employees or consultants (in their
capacities as such) of Open Text or any of its Subsidiaries shall be a Hedging Agreement. 
 “Hedging
Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act,
including any Hedging Agreements. 
 “Immaterial Subsidiary” means any Subsidiary of Open Text that has less
than as at the end of any Measurement Period (i) U.S. $20,000,000 of EBITDA and (ii) U.S. $40,000,000 of Assets. Notwithstanding anything to the contrary contained in this Agreement, Open Text may from time to time designate, by
notice to the Administrative Agent, Immaterial Subsidiaries representing, in the aggregate at any time, up to 5% of Consolidated EBITDA (measured as at the end of the most recently-ended period of four consecutive Financial Quarters at such time) as
being exempt from Section 7.02 and Section 8.01 of this Agreement (any such Immaterial Subsidiary, an “Exempt Immaterial Subsidiary”). As of the the Second Amendment Effective Date, any such Exempt Immaterial Subsidiaries are set
forth on Schedule J hereto. 
 “Impermissible Qualification” means, relative to (i) the financial
statements or notes thereto of any Person; or (ii) the opinion or report of any independent auditors as to any financial statement or notes thereto, any qualification or exception to such financial

  
 - 23 - 

 
statements, notes, opinion or report, as the case may be, which (a) is of a “going concern” or similar nature; or (b) relates to any limited scope of examination of material
matters relevant to such financial statement, if such limitation results from the refusal or failure of such Person to grant access to necessary information therefore within the power of such Person to so grant. 

“Incremental Advances” has the meaning specified in Section 2.01(4). 

“Incremental Commitment” means any commitment made by a Lender to provide all or any portion of any
Incremental Facility. 
 “Incremental Facility” has the meaning specified in Section 2.01(4). 

“Indemnified Liabilities” has the meaning specified in Section 15.01(2). 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Indemnitee” has the meaning specified in Section 15.01(2). 

“Information” has the meaning specified in Section 6.01(6). 

“Instruments” means (i) a bill, note or cheque within the meaning of the Bills of Exchange Act
(Canada) or any other writing that evidences a right to the payment of money and is of a type that in the ordinary course of business is transferred by delivery with any necessary endorsement or assignment, or (ii) a letter of credit and an
advice of credit if the letter or advice states that it must be surrendered upon claiming payment thereunder, or (iii) chattel paper or any other writing that evidences both a monetary obligation and a security interest in or a lease of
specific goods, or (iv) documents of title or any other writing that purports to be issued by or addressed to a bailee and purports to cover such goods in the bailee’s possession as are identified or fungible portions of an identified
mass, and that in the ordinary course of business is treated as establishing that the Person in possession of it is entitled to receive, hold and dispose of the document and the goods it covers, or (v) any document or writing commonly known as
an instrument. 
 “Intellectual Property” means domestic and foreign: (i) patents, applications for
patents and reissues, divisions, continuations, renewals, extensions and continuations-in-part of patents or patent applications; (ii) proprietary and non-public business information, including inventions (whether patentable or not), invention
disclosures, improvements, discoveries, trade secrets, confidential information, know-how, methods, processes, designs, technology, technical data, schematics, formulae and customer lists, and documentation relating to any of the foregoing;
(iii) copyrights, copyright registrations and applications for copyright registration; (iv) mask works, mask work registrations and applications for mask work registrations; (v) designs, design registrations, design registration
applications and integrated circuit topographies; (vi) trade names, business names, corporate names, domain names, website names and world wide web addresses, common law trade-marks, trade-mark registrations, trade mark applications, trade

  
 - 24 - 

 
addresses and logos, and the goodwill associated with any of the foregoing; (vii) computer software and programs (both source code and object code form), all proprietary rights in the
computer software and programs and all documentation and other materials related to the computer software and programs; and (viii) any other intellectual property and industrial property. 

“Intellectual Property Rights” has the meaning specified in Section 6.01(10). 

“Intercompany Instruments” means all Instruments issued by or evidencing an obligation of any Loan Party to
another Loan Party or any Subsidiary of a Loan Party to a Loan Party. 
 “Intercompany Securities” means all
Securities issued by any Loan Party to another Loan Party or any Subsidiary of a Loan Party to a Loan Party. 

“Intercreditor Agreement” means that certain Intercreditor Agreement dated as of January 16, 2014 between
the Administrative Agent and the Term B Agreement Agent in the form of Schedule 13 hereto. 
 “Interest
Period” means, for each LIBOR Advance, a period which commences (i) in the case of the initial Interest Period, on the date the LIBOR Advance is made or converted from another Type of Accommodation, and (ii) in the case of any
subsequent Interest Period, on the last day of the immediately preceding Interest Period in respect of a maturing LIBOR Advance, and which ends, in either case, on the day selected by the applicable Borrower in the applicable Borrowing Notice or
Interest Rate Election Notice. The duration of each Interest Period shall be 1, 2, 3 or 6 months (or, if available to all Lenders making the applicable LIBOR Advances, 12 months), unless the last day of a LIBOR Interest Period would otherwise occur
on a day other than a Business Day, in which case the last day of such Interest Period shall be extended to occur on the next Business Day, or if such extension would cause the last day of such Interest Period to occur in the next calendar month,
the last day of such Interest Period shall occur on the preceding Business Day. 
 “Interest Rate Election
Notice” has the meaning specified in Section 3.03(3). 
 “Interpolated Rate” means, in relation to
the LIBO Rate, the rate which results from interpolating on a linear basis between: 
 (a) the applicable LIBO Rate for the
longest period (for which that LIBO Rate is available) which is less than the Interest Period of that Loan; and 
 (b) the
applicable LIBO Rate for the shortest period (for which that LIBO Rate is available) which exceeds the Interest Period of that Loan, 

each as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest Period
of that Loan. 

  
 - 25 - 

 “Investment Credit” means the amount of any dividends,
distributions, returns of capital, repayments of loans or similar payments paid to any Loan Party during the term of this Agreement by any Person in which Investments may be made under Section 7.02. 

“Investments” means, as applied to any Person (the “investor”), any direct or indirect
purchase or other acquisition by the investor of, or a beneficial interest in, Equity Securities of any other Person, including any exchange of Equity Securities for Indebtedness, or any direct or indirect loan, advance (other than advances to
directors, officers and employees for moving, travel and entertainment expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contribution by the investor to any other Person, including all Indebtedness
and accounts receivable owing to the investor from such other Person that did not arise from sales or services rendered to such other Person in the ordinary course of the investor’s business, or any direct or indirect purchase or other
acquisition of bonds, notes, debentures or other debt securities of, any other Person. The amount of any Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or
decreases in value, or write-ups, write-downs or write-offs with respect to such Investment minus any amounts (a) realized upon the disposition of assets comprising an Investment (including the value of any liabilities assumed by any Person
other than the Borrowers or any Subsidiary in connection with such disposition), (b) constituting repayments of Investments that are loans or advances or (c) constituting cash returns of principal or capital thereon (including any
dividend, redemption or repurchase of equity that is accounted for, in accordance with GAAP, as a return of principal or capital). 

“investor” has the meaning specified in the definition of “Investments” herein. 

“Issue” means an issue of a Documentary Credit by a Documentary Credit Lender pursuant to Article 4. 

“Issue Date” has the meaning specified in Section 4.02(1). 

“Issue Notice” has the meaning specified in Section 4.02(1). 

“ITA” has the meaning specified in Section 6.01(17). 

“Laws” means all legally enforceable statutes, codes, ordinances, decrees, rules, regulations, municipal
by-laws, judicial or arbitral or administrative or ministerial or departmental or regulatory judgments, orders, decisions, rulings or awards, policies, voluntary restraints, guidelines, or any provisions of the foregoing, including general
principles of common and civil law and equity, binding on the Person referred to in the context in which such word is used; and “Law” means any one of the foregoing. 

“Lender’s Revolving Credit Commitment” has the meaning specified in the definition of
“Commitment” herein. 
 “Lead Arranger” means Barclays Bank PLC. 

  
 - 26 - 

 “Lenders” means, collectively, the financial institutions and
other Persons set forth on the signature pages hereof as Lenders, and any assignee thereof pursuant to the provisions of this Agreement upon such assignee executing and delivering an Assignment and Assumption to each applicable Borrower and the
Administrative Agent, or any other Person which becomes a Lender party to this Agreement, and in the singular any one of such Lenders. A Lender which, at any relevant time, has (i) a Revolving Credit Commitment is sometimes referred to herein
as a “Revolving Credit Lender”; (ii) a Documentary Credit Commitment is sometimes referred to herein as a “Documentary Credit Lender”; and (iii) a Swing Line Commitment is sometimes referred to herein as a
“Swing Line Lender”. 
 “LIBOR Advance” has the meaning specified in the definition of
“Advances” herein. 
 “Loan Parties” means, collectively, the Borrowers, the Domestic
Guarantors and the Foreign Guarantors, and “Loan Party” means any one of them. 
 “Majority
Lenders” means, at any time, Lenders whose Revolving Credit Commitments at such time, taken together, are greater than 50% of the aggregate amount of the Revolving Credit Commitments at such time. 

“Material Adverse Effect” means a material adverse effect on: (i) the business, operations, financial
condition, liabilities (contingent or otherwise) or properties of Open Text and its Subsidiaries taken as a whole; (ii) the ability of the Loan Parties, taken as a whole, to perform their obligations under the Credit Documents; or
(iii) the rights or remedies of the Administrative Agent and the Lenders under the Credit Documents, taken as a whole. 

“Material Agreements” means those agreements (as amended, supplemented, revised or restated as permitted
herein from time to time) of any of the Loan Parties the breach, non-performance or cancellation of which or the failure of which to renew, termination, revocation or lapse would reasonably be expected to have a Material Adverse Effect and which
cannot promptly be replaced by an alternative comparable contract with comparable commercial terms, which agreements, if any, as of the the Second Amendment Effective Date, are listed on Schedule H (as amended, restated, supplemented or replaced as
permitted hereunder). 
 “Material Disposition” means any Disposition or series of related Dispositions that
involves Assets having a fair value, or consideration received for such Assets, in excess of U.S. $30,000,000. 

“Material Owned Real Property” means any owned real property (or owned immoveable property, as applicable) of
any Loan Party acquired after the Effective Date having a fair value or book value of greater than U.S. $5,000,000. 

  
 - 27 - 

 “Material Permits” means the Authorizations, the breach,
non-performance, cancellation or non-availability of which or failure of which to renew would reasonably be expected to have a Material Adverse Effect. 

“Material Permitted Acquisition” means any Permitted Acquisition which involves consideration in excess of
U.S. $30,000,000. 
 “Material Subsidiary” means any Subsidiary of Open Text other than an Excluded
Subsidiary (but including any Subsidiary that has been designated as a Material Subsidiary as provided in the definition of “Excluded Subsidiary”). 

“Measurement Period” means, as of any date of determination, the four consecutive Financial Quarters most
recently ended. 
 “Minimum Percentage” has the meaning specified in the definition of “Excluded
Subsidiary” herein. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” shall mean any employee benefit plan which is a “multiemployer plan”
within the meaning of Section 4001(a)(3) of ERISA and to which any Loan Party or any member of the ERISA Group is then making or accruing an obligation to make contributions or, within the preceding five (5) plan years, has made or had an
obligation to make such contributions and excludes any Canadian Benefit Plan. 
 “Multiple Employer Plan”
shall mean a Plan which has two (2) or more contributing sponsors (including any Loan Party or any member of the ERISA Group) at least two of whom are not under common control, as such a plan is described in Sections 4063 and 4064 of ERISA.

 “Non-Consenting Lender” has the meaning specified in Section 17.01(6). 

“Non-Public Information” means material non-public information (within the meaning of United States federal,
state or other applicable securities laws) with respect to Open Text, its Affiliates, its Subsidiaries or their Securities. 

“Non-Public Lenders” means Lenders that wish to receive Non-Public Information with respect to Open Text, its
Affiliates, its Subsidiaries or their Securities. 
 “Obligations” means all debts, liabilities and
obligations of or owing by the Loan Parties to any Guaranteed Party at any time and from time to time, present and future, direct and indirect, absolute and contingent, matured or not (including all Accommodations), arising from this Agreement, any
Eligible Cash Management Agreements, any Eligible Hedging Agreements or any other Credit Document, and all amendments, restatements, replacements, renewals, extensions, or supplements and continuations thereof, and whether the Loan Parties are bound
alone or with another or others, and whether as 

  
 - 28 - 

 
principal or surety, and including without limitation, all liabilities of the Loan Parties arising as a consequence of their failure to pay or fulfill any of such debts, liabilities and
obligations. 
 “Obligor” has the meaning specified in Section 7.01(15)(c)(ii). 

“Open Text” means Open Text Corporation. 

“Original Closing Date” means November 9, 2011. 

“Original Currency” has the meaning specified in Section 17.02(1). 

“Other Currency” has the meaning specified in Section 17.02(1). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or
similar taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement
or any other Credit Document. 
 “Owned Real Properties” means, collectively, the land and premises listed
on Schedule E and the Buildings and Fixtures thereon. 
 “Participant” has the meaning assigned to such term
in Section 16.01(5). 
 “Participant Register” has the meaning specified in Section 16.01(8). 

“PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of
ERISA or any successor. 
 “Permitted Acquisitions” means any Acquisition by a Loan Party which (i) is
of a Person carrying on a business which is the same as or related, ancillary, incidental or complementary to the business carried on by any Loan Party (or if an asset Acquisition, is of assets used or useful in a business which is the same as or
related, ancillary, incidental or complementary to the business carried on by any Loan Party); (ii) Open Text has provided a certificate of the chief financial officer containing information in reasonable detail regarding the cost of such
Acquisition, the projected earnings of such Acquisition, the financial and acquisition structure of such Acquisition, audited financial statements of the subject of such Acquisition for the previous two years to the extent available, and financial
projections, on a quarterly basis, for the succeeding year, and on an annual basis for the year thereafter (or such later period as the Administrative Agent may reasonably request); (iii) the Lenders will have a security interest over the
assets to be acquired, subject only to Permitted Exceptions and Permitted Encumbrances (and if such Acquisition is an Acquisition of Equity Securities of any Person that is a Material Subsidiary, also a full liability guarantee (subject to any
limitations imposed by Law on the amount of such liability) and a security interest over the assets of such Person, subject 

  
 - 29 - 

 
only to Permitted Exceptions and Permitted Encumbrances), or arrangements satisfactory to the Administrative Agent, acting reasonably, shall have been made for the providing of such guarantee and
the obtaining of such security interests, as applicable, within a period not to exceed 60 days following the date of such Acquisition; (iv) the Loan Parties have demonstrated that after giving effect to such Acquisition, that they will be in
compliance with the financial covenant set forth in Section 7.03 as at the date of such Acquisition, and at all relevant times during the period of 12 months thereafter (calculated on a pro forma basis and based on the projected performance
of such Acquisition for such 12 month period); and (v) if such Acquisition is an Acquisition of Equity Securities of any Person, such acquiring Person acquires a percentage of the Equity Securities of such Person sufficient to permit such
acquiring Person to effect the acquisition of 100% of the Equity Interests of such Person in a subsequent transaction under Law. 

“Permitted Debt” means, 
  

	 	(a)	 Debt hereunder or under any other Credit Document; 

  

	 	(b)	 Debt existing on the Second Amendment Effective Date, and set forth in Schedule K and, in case of the Term B Credit Agreement up to U.S.
$250,000,000 in aggregate principal amount of “Incremental Term Facilities” permitted under the Term B Credit Agreement on the terms in effect as of the date hereof; 

 

	 	(c)	 [Reserved]. 

  

	 	(d)	 [Reserved]. 

  

	 	(e)	 intercompany Debt permitted by Section 7.02(9)(b) or (c), which Debt shall, if owing to a Loan Party, be pledged, subject to Permitted Exceptions,
to the Administrative Agent or the Collateral Agent, as applicable, under the applicable Security Agreement; 

  

	 	(f)	 Capital Lease Obligations in an aggregate amount of not more than U.S. $80,000,000 (or the equivalent thereof in any other currency) at any
time outstanding; 

  

	 	(g)	 Debt secured by Purchase Money Mortgages in an aggregate amount of not more than U.S. $55,000,000 (or the equivalent thereof in any other
currency) at any time outstanding; 

  

	 	(h)	 [Reserved]. 

  

	 	(i)	 [Reserved]. 

  

	 	(j)	 Debt owing in connection with the acquisition of real property located at 275 Frank Tompa Drive, Waterloo, Ontario, the lender of record of which

  
 - 30 - 

	 	 
at closing of such mortgage debt was Computershare Trust Company of Canada; 

  

	 	(k)	 any obligation in respect of judgments that do not result in an Event of Default under Section 8.01(1)(j); 

 

	 	(l)	 Refinancing Debt incurred in respect of any of the foregoing or in respect of clause (o) below; 

 

	 	(m)	 Debt consisting of letters of credit and guarantees of local bank guarantees of performance of the obligations of Subsidiaries under leases of
facilities of the Loan Parties, in an aggregate amount for all such Debt not to exceed U.S. $60,000,000 at any time; 

  

	 	(n)	 Debt consisting of letters of credit issued to support performance obligations (not constituting Debt of the type described in clause (i) of
the definition therefor) of Open Text and its Subsidiaries under service agreements or licences in the ordinary course of business; 

  

	 	(o)	 Debt in an unlimited amount, whether secured (including by way of Encumbrances ranking pari passu with the Encumbrances created under the
Security Documents) or unsecured provided that Open Text has demonstrated that it will be in compliance with a Consolidated Senior Secured Net Leverage Ratio of less than 2.75:1.00 on a pro forma basis at the end of the Financial Quarter
immediately following the incurrence of such Debt for the Measurement Period then ended and with respect to any secured Debt, subject to intercreditor arrangements substantially in the form of the Intercreditor Agreement or otherwise satisfactory to
the Administrative Agent (and customary terms of such arrangements shall be deemed to be satisfactory), and otherwise containing terms, covenants, and defaults that are not more restrictive, taken as a whole, than the terms, covenants and defaults
contained in the Credit Documents; provided that if secured, unless otherwise agreed to by the Administrative Agent in its reasonable discretion, such Debt shall not be secured by any property or assets of the Loan Parties other than the
Collateral; and 

  

	 	(p)	 Debt not otherwise permitted above in an aggregate amount not to exceed U.S. $130,000,000 at any time. 

“Permitted Dispositions” means (i) any Disposition of Assets between Loan Parties; (ii) Dispositions
of inventory in the ordinary course of business; (iii) Dispositions of Assets which are obsolete, redundant or of no material economic value; (iv) Dispositions of Assets in each Financial Year to a Person that is not a Loan Party of not
more than an amount equal to 20% of Consolidated Assets in the aggregate for all such Dispositions during such Financial Year (determined on the first Business Day of such Financial 

  
 - 31 - 

 
Year); provided that if, for any Financial Year, the amount specified above exceeds the aggregate amount of applicable Dispositions made by Open Text and its Subsidiaries, as determined on
a consolidated basis during such Financial Year, the amount set forth above for the succeeding Financial Year shall be increased by 50% of such excess amount; provided further that all such Dispositions pursuant to this clause (iv) shall
not exceed an aggregate amount equal to 45% of Consolidated Assets as of January 16, 2014; (v) Dispositions of Assets in respect of Investments permitted under Section 7.02(9); and (vi) Dispositions resulting from a transaction
permitted under Section 7.02(3)(i) through (iv). 
 “Permitted Encumbrances” means, with respect to any
Person, the following: 
  

	 	(a)	 Encumbrances for Taxes, rates, assessments or other governmental charges or levies or for employment insurance, pension obligations or other social
security obligations, workers’ compensation or vacation pay, the payment of which is not yet due, or for which installments have been paid based on reasonable estimate spending final assessments, or if due, the applicable grace period has not
expired or the validity of which is being contested diligently and in good faith by appropriate proceedings by that Person if either, in the case of such items being contested, (i) adequate reserves have been maintained in accordance with GAAP,
if applicable or (ii) the applicable liens are not in the aggregate materially prejudicial to the value of the assets of the Loan Parties taken as a whole; 

 

	 	(b)	 undetermined or inchoate Encumbrances, rights of distress and charges incidental to current operations which have not at such time been filed or
exercised, or which relate to obligations not due or payable or if due, the validity of which is being contested diligently and in good faith by appropriate proceedings by that Person; 

 

	 	(c)	 (i) reservations, limitations, provisos and conditions expressed in any original grant from any Governmental Authority or (ii) other grant of
real or immovable property, or interests therein, which, in the case of this clause (ii), do not materially affect the use of the affected land for the purpose for which it is used by that Person; 

 

	 	(d)	 licences, permits, reservations, covenants, servitudes, easements, rights-of-way and rights in the nature of easements (including, without limiting
the generality of the foregoing, licenses, easements, rights-of-way and rights in the nature of easements for sidewalks, public ways, sewers, drains, gas, steam and water mains or electric light and power, or telephone and telegraph conduits, poles,
wires and cables) and zoning, land use and building restrictions, by-laws, regulations and ordinances of federal, provincial, regional, state, municipal and other governmental authorities,

  
 - 32 - 

	 	 
which do not materially impair the use of the affected land for the purpose for which it is used by that Person; 

 

	 	(e)	 title defects, encroachments or irregularities which in the aggregate do not materially impair the use of the affected property for the purpose for
which it is used by that Person; 

  

	 	(f)	 the right reserved to or vested in any Governmental Authority by the terms of any lease, license, franchise, grant or permit acquired by that
Person or by any statutory provision to terminate any such lease, license, franchise, grant or permit, or to require annual or other payments as a condition to the continuance thereof; 

 

	 	(g)	 the Encumbrances resulting from the deposit or pledge of cash or securities in connection with contracts, tenders, bids, performance bonds and
similar obligations or expropriation proceedings, or to secure workers’ compensation, unemployment insurance, and other social security obligations; 

  

	 	(h)	 the Encumbrances resulting from surety or appeal bonds, costs of litigation when required by Law, liens and claims incidental to current
construction, mechanics’, warehousemen’s, carriers’ and other similar liens, and public, statutory and other like obligations incurred in the ordinary course of business; 

 

	 	(i)	 Encumbrances given to a public utility or any Governmental Authority when required by such utility or Governmental Authority in connection with the
operations of that Person in the ordinary course of its business; 

  

	 	(j)	 the Encumbrances created by a judgment of a court of competent jurisdiction, as long as the judgment is being contested diligently and in good
faith by appropriate proceedings by that Person and does not result in an Event of Default under Section 8.01(1)(j); 

  

	 	(k)	 operating leases of vehicles or equipment which are entered into in the ordinary course of the Business; 

 

	 	(l)	 Encumbrances securing Purchase Money Mortgages or Capital Lease Obligations permitted hereunder; 

 

	 	(m)	 the Encumbrances created by the Security Documents; 

  

	 	(n)	 Encumbrances securing indebtedness not in excess of an aggregate principal amount of U.S. $80,000,000 (or the equivalent thereof in other
currencies) for all Loan Parties and their Subsidiaries relating to Assets acquired in connection with Permitted Acquisitions and Investments 

  
 - 33 - 

	 	 
permitted under Section 7.02(9)(i), in each case made after the Effective Date by Loan Parties and their Subsidiaries securing debts, liabilities or obligations, in each case not assumed or
incurred in contemplation of such Acquisition or Investment; 

  

	 	(o)	 subdivision agreements, site plan control agreements, development agreements, facilities sharing agreements, cost sharing agreements and other
similar agreements which do not materially impair the use of the real property subject thereto for the purpose for which it is used by that Person; 

  

	 	(p)	 the rights of any tenant, occupant or licensee under any lease, occupancy agreement or licence which do not materially impair the use of the real
property subject thereto for the purpose for which it is used by that Person; 

  

	 	(q)	 the Encumbrances set forth in Schedule K; provided that, subject to the Intercreditor Agreement, Encumbrances securing Debt in a principal
amount of up to U.S. $1,050,000,000 under the Term B Credit Agreement (or any Refinancing Debt in respect thereof (subject to execution of any joinder agreement that may be required under the Intercreditor Agreement)) shall constitute Permitted
Encumbrances and may rank pari passu with the Encumbrances created by the Security Documents; 

  

	 	(r)	 [Reserved]. 

  

	 	(s)	 Encumbrances or covenants restricting or prohibiting access to or from lands abutting on controlled access highways or covenants affecting the use
to which lands may be put; provided, however, that such Encumbrances or covenants do not materially and adversely affect the use of the lands by the Loan Parties and their Subsidiaries; 

 

	 	(t)	 Encumbrances consisting of royalties payable with respect to any asset or property of the Loan Parties and their Subsidiaries, provided that the
existence of any such Encumbrance as of the Second Amendment Effective Date on any material property or asset of the applicable Loan Party or Subsidiary shall have been disclosed in writing to the Lenders prior to the Second Amendment Effective
Date; 

  

	 	(u)	 statutory Encumbrances incurred or pledges or deposits made in favour of a Governmental Authority to secure the performance of obligations of any
Loan Party or any of its Subsidiaries under Environmental Laws to which any Loan Party or Subsidiary or any assets of such Loan Party or such Subsidiary is subject, provided that no Event of Default shall have occurred and be continuing;

  

	 	(v)	 Encumbrances arising from the right of distress enjoyed by landlords outside of the Province of Québec to secure the payment and performance

  
 - 34 - 

	 	 
of obligations in respect of leased properties in such provinces or an Encumbrance granted by a Loan Party or a Subsidiary of a Loan Party to a landlord to secure the payment and performance of
obligations in respect of leased properties in the Province of Québec leased from such landlord, provided that such Encumbrances are limited to the assets located at or about such leased properties; 

 

	 	(w)	 any and all Encumbrances or title defects that do not materially and adversely interfere with the ordinary conduct of business of a Loan Party or a
Subsidiary of a Loan Party, if customarily insurable at reasonable cost, and that may be insured against pursuant to one or more title insurance policies available from locally recognized insurance companies; 

 

	 	(x)	 Encumbrances in favour of customs and revenue authorities arising as a matter of Law to secure payment of customs duties in connection with the
importation of goods in the ordinary course of business; 

  

	 	(y)	 Encumbrances in favour of a financial depositary institution arising (i) as a matter of law or (ii) to the extent that no funds are
subject to a present and enforceable claim thereunder, under account establishment or maintenance agreements entered into the ordinary course of business, in each case, encumbering deposits (including the right of set-off) and which are within the
general parameters customary in the banking industry; 

  

	 	(z)	 other Encumbrances expressly consented to in writing by the Majority Lenders; 

 

	 	(aa)	 Encumbrances (which may rank pari passu with the Encumbrances created by the Security Documents) securing Debt described in paragraph
(o) of the defined term “Permitted Debt” contained in Section 1.01; 

  

	 	(bb)	 Encumbrances not otherwise permitted above securing obligations in an aggregate amount not to exceed U.S. $80,000,000 at any time; and

  

	 	(cc)	 any extension, renewal or replacement of any of the foregoing. 

“Permitted Exceptions” means, as to any Asset of a Loan Party that would otherwise be required to constitute
Collateral, in each case as reasonably determined by the Administrative Agent (after consultation with Open Text), that such Asset shall not be required to constitute Collateral if (a) the costs of obtaining or granting of such security
interest or other applicable Encumbrance at Law are excessive in relation to the value of the security to be afforded thereby, (b) material adverse tax consequences would result from the grant of such security interest or other applicable
Encumbrance at Law therein (including that no grant of any security interest is made of the Equity Interests of any non-U.S. entity treated as a “controlled foreign corporation” within the meaning of Section 957(a) of the Code to the
extent the Equity Interests of such non-U.S. entity are 

  
 - 35 - 

 
held by a U.S. entity treated as a corporation for U.S. federal income tax purposes), or (c) the granting of any Encumbrance or security interest in such Asset would constitute or result in
the abandonment, invalidation, unenforceability of, or result in any breach, termination or default under, in each case, any Loan Party’s interest in such Asset, or any agreements relating to any Loan Party’s interest therein, as
applicable after application of the Uniform Commercial Code or other applicable Law that has the effect of invalidating anti-assignment provisions in contracts and applicable Laws; provided, that if the foregoing provisions of clause
(c) are applicable, such Asset and the proceeds of such Asset shall be subject to a trust if not prohibited by Law or by the terms of such Asset in favour of the Administrative Agent, for the benefit of the Lenders (which trust, for
clarification, prior to the security interest which would otherwise be granted in or made with respect to such Asset becoming enforceable, shall not prohibit or limit a Loan Party’s use and dealing with such Asset and proceeds except to the
extent provided for herein); and, provided further that, for clarification, if any leasehold interest of any Loan Party shall constitute Collateral, the security therein shall not be registered against the related real property and the Loan
Parties shall not be required to arrange or deliver title insurance or title opinions, surveys or other ancillaries relating thereto. 

“Permitted Investments” means: 
  

	 	(a)	 direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the Government of Canada or of any
Canadian province (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the Government of Canada or of such Canadian province), in each case maturing within one year from the date of acquisition thereof;

  

	 	(b)	 investments in commercial paper maturing within 270 days from the date of acquisition thereof and rated, at such date of acquisition, at least
“Prime 1” (or the then equivalent grade) by Moody’s or “A” (or the then equivalent grade) by S&P or R-1 Low (or the then equivalent) by DBRS; 

 

	 	(c)	 investments in certificates of deposit, banker’s acceptances, commercial paper and time deposits maturing within 180 days from the date of
acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of Canada or of any Canadian province having, at such date of
acquisition, a credit rating on its long-term unsecured debt of at least “A-” by S&P; 

  

	 	(d)	 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 (c) above; 

  
 - 36 - 

	 	(e)	 direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the Government of the United States
of America or any U.S. State or territory (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the Government of the United States of America) or, in the case of any Subsidiary located outside of the
United States and Canada, by any member state of the European Union, in each case maturing within one year from the date of acquisition thereof; 

  

	 	(f)	 investments in time deposit accounts, term deposit accounts, certificates of deposit, money-market deposits, bankers’ acceptances and
obligations maturing not more than 90 days from the date of acquisition thereof issued by any bank or trust company which is organized under the laws of any member state of the European Union, and which bank or trust company has, or the obligations
of which bank or trust company are guaranteed by a bank or trust company which has, capital, surplus and undivided profits in excess of U.S. $500,000,000 (or the equivalent thereof in Euros or Sterling) and has outstanding debt which is rated
“A” (or such similar equivalent rating) or higher by at least one “nationally recognized statistical rating organization” (as defined in Rule 436 under the Securities Act) or by DBRS; and 

 

	 	(g)	 other investments to the extent permitted under the investment policy of Open Text, which investments shall be reasonably acceptable to the
Administrative Agent and not objected to by the Majority Lenders within five Business Days following notice thereof, in reasonable detail, to the Lenders. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association,
company, partnership, Governmental Authority or other entity. 
 “Plan” shall mean at any time an employee
pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Internal Revenue Code and either (i) is
maintained by any member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the ERISA Group for employees of
any entity which was at such time a member of the ERISA Group, and excludes any Canadian Benefit Plan. 

“Platform” has the meaning specified in Section 14.01(2). 

“Pledged Account Bank” has the meaning specified in Section 7.01(15)(c)(i). 

  
 - 37 - 

 “Pledged Deposit Account” means each deposit account as to which
a U.S. Grantor has complied with the requirements of Section 7.01(15)(c) of this Agreement. 
 “Pounds
Sterling” means the lawful currency of the United Kingdom. 
 “PPSA” means the Personal Property
Security Act (Ontario) and the regulations thereunder, as from time to time in effect, provided, however, if attachment, perfection or priority of the Administrative Agent’s or the Collateral Agent’s security interests in any
Collateral are governed by the personal property security laws of any jurisdiction other than Ontario, “PPSA” shall mean those personal property security laws in such other jurisdiction for the purposes of the provisions hereof
relating to such attachment, perfection or priority and for the definitions related to such provisions. 

“Pre-Exchange Currency” has the meaning specified in the definition of “Exchange Rate”
herein. 
 “Prohibited Transaction” shall mean any prohibited transaction as defined in Section 4975 of
the Internal Revenue Code or Section 406 of ERISA for which neither an individual nor a class exemption has been issued by the United States Department of Labor. 

“Public Information” means any information, data or materials regarding any Loan Party that is either
(a) publicly available or (b) not material with respect to any Loan Party, any of its subsidiaries or any of its securities for purposes of United States or Canadian federal, state or provincial securities laws. 

“Public Lender” has the meaning specified in Section 14.01(2). 

“Purchase Money Mortgage” means, in respect of any Person, any Encumbrance charging property acquired by such
Person, which is granted or assumed by such Person, reserved by the transferor (including, Capital Lease Obligations) or which arises by operation of Law in favour of the transferor concurrently with and for the purpose of the acquisition of such
property, in each case where (i) the principal amount secured by such Encumbrance is not in excess of the cost to such Person of the property acquired; and (ii) such Encumbrance extends only to the property acquired. 

“Qualified ECP Guarantor” means, at any time, each Guarantor with total assets exceeding U.S. $10,000,000
or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and, in each case, can cause another Person to qualify as an “eligible contract participant” at such time under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Refinancing Debt” means, without
duplication, Debt that refunds, refinances, extends or all of the proceeds from which are used to repay (in whole or in part) any Permitted Debt but only to the extent that (a) such Refinancing Debt is subordinated to the Debt hereunder at
least to the same extent as the Debt being refunded, refinanced or extended, 

  
 - 38 - 

 
if at all; (b) the principal amount of such Refinancing Debt has a weighted average life to maturity not less than the weighted average life to maturity of the Debt being refunded,
refinanced or extended and is scheduled to mature no earlier than the Debt being refunded, refinanced or extended; (c) such Refinancing Debt is in an aggregate principal amount (or if issued with original issue discount, an aggregate issue
price) that is equal to or less than the sum of (x) the aggregate principal amount (or, if issued with original issue discount, the aggregate accreted value) of the Debt being refunded, refinanced or extended and the amount of any premium
reasonably necessary to accomplish such refinancing, (y) the amount of accrued and unpaid interest, if any, and premiums owed, if any, not in excess of pre-existing prepayment provisions on such Debt being refunded, refinanced or extended, and
(z) the amount of customary fees, expenses and costs related to the incurrence of such Refinancing Debt; and (d) such Refinancing Debt is incurred by the same Person or (i) if such Debt is of a Loan Party, by another Loan Party or
(ii) if such Debt is of a Subsidiary of a Loan Party that is not a Loan Party, by a Person that is not a Loan Party. 

“Register” has the meaning specified in Section 16.01(3). 

“Registered Intellectual Property” means any Intellectual Property in respect of which ownership, title,
security interests, charges or encumbrances are registered, recorded or noted with any Governmental Authority pursuant to Law. 

“Regulation U” means Regulation U or X as promulgated by the Board of Governors of the Federal Reserve System,
as amended from time to time. 
 “Related Parties” means, with respect to any Person, such Person’s
Affiliates (to the extent that such Affiliates are directly involved in the transactions pursuant to the Credit Documents) and the directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Release” when used as a verb includes release, spill, leak, emit, deposit, discharge, leach, migrate or
dispose into the environment and the term “Release” when used as a noun has a correlative meaning, but does not include any release, spill, leak, emission, deposit, discharge, leach, migration or disposition pursuant to a valid
Environmental Permit or in accordance with Environmental Laws. 
 “Relevant Repayment Date” means
December 22, 2019. 
 “Responsible Officer” means, with respect to any corporation, the chairman, the
president, any vice president, the chief executive officer, the chief operating officer or the chief financial officer, and, in respect of financial or accounting matters, any Financial Officer of such corporation; unless otherwise specified, all
references herein to a Responsible Officer mean a Responsible Officer of Open Text. 
 “Restricted Payment”
means, with respect to any Person, any payment by such Person (i) of any dividends on any of its Equity Securities, (ii) on account of, or for the purpose 

  
 - 39 - 

 
of setting apart any property for a sinking or other analogous fund for, the purchase, redemption, retirement or other acquisition of any of its Equity Securities or any warrants, options or
rights to acquire any such shares, or the making by such Person of any other distribution in respect of any of its Equity Securities, (iii) of any principal of or interest or premium on or of any amount in respect of a sinking or analogous fund
or defeasance fund for any Debt of such Person, (iv) of any principal of or interest or premium on or of any amount in respect of a sinking or analogous fund or defeasance fund for any Debt of such Person to a shareholder of such Person or to
an Affiliate of a shareholder of such Person, or (v) of any management, consulting or similar fee or any bonus payment or comparable payment, or by way of gift or other gratuity, to any Affiliate of such Person or to any director or officer
thereof (except as permitted pursuant to Section 7.02(8)). For the avoidance of doubt, (x) payments among the Loan Party and (y) repayments of (1) intercompany Debt payable on demand that is owing to any Loan Party,
(2) intercompany Debt owing by any Subsidiary of Open Text that is not a Loan Party to any other Subsidiary of Open Text that is not a Loan Party, (3) unsecured intercompany Debt payable that is owing to any Subsidiary of Open Text that is
not a Loan Party by any Subsidiary of Open Text that is not a Loan Party, but that subsequently becomes a Loan Party, or (4) unsecured intercompany Debt that is owing by any Loan Party to any Subsidiary of Open Text that is not a Loan Party in
an aggregate amount for all such Debt under this clause (4) not to exceed U.S. $200,000,000 at any time, shall not, together with the interest payable on any such Debt, in any such case, constitute a Restricted Payment, provided that, in
the case of the foregoing clauses (3) (upon the obligor Subsidiary becoming a Loan Party) and (4), such Debt shall expressly provide that no payments thereunder shall be made by any Loan Party at any time during the continuance of a Default or
an Event of Default or to the extent that a Default or an Event of Default would result therefrom pursuant to customary subordination arrangements. 

“Restructuring and Integration Costs” means restructuring and integration costs of Open Text and its
Subsidiaries (a) for any Financial Quarter ended prior to January 16, 2014, (b) after January 16, 2014 through the end of the fourth Financial Quarter ending after January 16, 2014 in an amount not to exceed
U.S. $40,000,000 in the aggregate and (c) commencing at the beginning of the fifth Financial Quarter ending after January 16, 2014 through the eighth Financial Quarter ending after January 16, 2014 in an amount not to exceed
U.S. $30,000,000 in the aggregate. 
 “Revolving Credit Borrowers” means Open Text, Open Text
ULC, Open Text Holdings, Inc. and any Designated Borrowers from time to time. 
 “Revolving Credit
Borrowing” means a group of Advances of a single Type made by the Revolving Credit Lenders, as the case may be, on a single date, and if applicable, as to which a single Interest Period is in effect. 

“Revolving Credit Commitment” has the meaning specified in the definition of “Commitment”
herein. 

  
 - 40 - 

 “Revolving Credit Facility” means, the revolving credit facility
made available to each Revolving Credit Borrower in accordance with Article 2 for the purposes specified in Section 2.04. 

“Revolving Credit Lender” has the meaning specified in the definition of “Lenders” herein.

 “Revolving Credit Loan” means an Advance under the Revolving Credit Facility or the issuance of a
Documentary Credit under the Revolving Credit Facility and made by a Revolving Credit Lender for the Account of a Revolving Credit Borrower. 

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

“Sale-Leaseback Transaction” means, with respect to any Person, any direct or indirect arrangement entered
into after the Effective Date pursuant to which such Person transfers or causes the transfer of any Assets to another Person and leases such Assets back from such Person as a Capital Lease Obligation. 

“Sanctions” has the meaning specified in Section 6.01(26). 

“Second Amendment Effective Date” has the meaning specified in the recitals. 

“Secured Obligations” has the meaning specified in Section 22.01. 

“Securities” means: 
  

	 	(a)	 a document that is (i) issued in bearer, order or registered form, (ii) of a type commonly dealt in upon securities exchanges or markets
or commonly recognized in any area in which it is issued or dealt in as a medium for investment, (iii) one of a class or series or by its terms is divisible into a class or series of documents, and (iv) evidence of a share, participation
or other interest in property or in any enterprise or is evidence of an obligation of the issuer and includes an uncertificated security; and 

  

	 	(b)	 a share, participation or other interest in a Person; 

but excludes 
  

	 	(c)	 any ULC Shares. 

“Securitization” means a public or private offering by a Lender or any of its Affiliates or their respective
successors and assigns, of securities which represent an interest in, or which are collateralized, in whole or in part, by the Accommodations. 

  
 - 41 - 

 “Security” has the meaning specified in Section 2.12(1). 

“Security Agreement” has the meaning specified in Section 2.12(1)(c). 

“Security Documents” means the Security and Pledge Agreement, the Intercreditor Agreement, the agreements
described in Section 2.12 and any other security granted to the Collateral Agent, the Administrative Agent or the Lenders, including, without limitation, pursuant to Section 7.01(15), as security for the Secured Obligations of any of the Loan
Parties under this Agreement and the other Credit Documents. 
 “Security and Pledge Agreement” means the
Amended and Restated Security and Pledge Agreement dated as of November 9, 2011, as amended by a First Amendment to the Amended and Restated Credit Agreement and Amended and Restated Security and Pledge Agreement dated as of December 16,
2013, and as supplemented by Security Agreement Supplements dated as of July 2, 2012, and January 16, 2014, and as further amended, amended and restated, supplemented or otherwise modified from time to time, by the U.S. Grantors party
thereto from time to time. 
 “Solvent” and “Solvency” mean, with respect to Open Text and
its Subsidiaries on a particular date, (a) (i) the fair value of the assets (on a going concern basis) of Open Text and its Subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts and liabilities, subordinated,
contingent or otherwise, (ii) the present fair saleable value of the property (on a going concern basis) of Open Text and its Subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability,
on a consolidated basis, of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured in the ordinary course of business, (iii) Open Text and its Subsidiaries, on a
consolidated basis, are able to pay their debts and liabilities, subordinated, contingent or otherwise, as such liabilities become absolute and matured in the ordinary course of business and (iv) Open Text and its Subsidiaries, on a
consolidated basis, are not engaged in, and are not about to engage in, business contemplated as of such date for which they have unreasonably small capital and (b) (i) the aggregate of the property of Open Text and its Subsidiaries is, at
a fair valuation, sufficient, or, if disposed of at a fairly conducted sale under legal process, would be sufficient, to enable payment of all their obligations, due and accruing due, (ii) Open Text and its Subsidiaries, taken as a whole, are
paying their current obligations in the ordinary course of business as they generally became due and (iii) Open Text and its Subsidiaries, taken as a whole, are able to meet their obligations as they generally become due. 

“Specified Loan Party” has the meaning specified in Section 22.13. 

“Specified Representations” means the representations and warranties of the Loan Parties set forth in
Section 6.01(1) (as to organizational incorporation and qualification), Section 6.01(2) (as to corporate power and authority to enter into and perform its applicable obligations under the Credit Documents), Section 6.01(3) (as to
absence of 

  
 - 42 - 

 
conflict with constating documents), Sections 6.01(4) and 6.01(5) (as they relate to due execution, delivery, authorization and enforceability of the Credit Documents), Section 6.01(24) (as
to the Solvency of Open Text and its Subsidiaries, taken as a whole and on a consolidated basis, and after giving effect to the Transaction), Section 6.01(22) (as to margin regulations of the Board of Governors of the Federal Reserve System),
Section 6.01(23) (as to the Investment Company Act of 1940), Section 6.01(26) (as to OFAC and the USA PATRIOT Act, but only to the extent it would be unlawful for the Lenders to extend any Advance on the date that the relevant Incremental
Facility is proposed to be drawn). 
 “Subsidiary” means, at any time, as to any Person, any corporation,
company or other Person, if at such time the first mentioned Person owns, directly or indirectly, securities or other ownership interests in such corporation, company or other Person having ordinary voting power to elect a majority of the board of
directors or persons performing similar functions for such corporation, company or other Person. 
 “Swing Line
Advance” means an Advance made by a Swing Line Lender for the account of a Borrower. 
 “Swing Line
Commitment” means, as to any Swing Line Lender at any time, the obligation of such Lender to make Swing Line Advances, as such may be increased or reduced from time to time. 

“Swing Line Lender” means a Lender that has a Swing Line Commitment. 

“Swing Line Lender’s Commitment” has the meaning specified in the definition of
“Commitment” herein. 
 “Synthetic Debt” means, with respect to any Person, without
duplication of any clause within the definition of “Debt”, all (i) obligations of such Person under any lease that is treated as an operating lease for financial accounting purposes and a financing lease for tax purposes (i.e., a
“synthetic lease”), (ii) obligations of such Person in respect of transactions entered into by such Person (other than deposit liabilities), the proceeds from which would be reflected on the financial statements of such Person in
accordance with GAAP as cash flows from financings at the time such transaction was entered into (other than as a result of equity contributions or the issuance of equity interests) and (iii) obligations of such Person in respect of other
transactions entered into by such Person that are not otherwise addressed in the definition of “Debt” or in clause (i) or (ii) above that are intended to function primarily as a borrowing of funds (including, without
limitation, any minority interest transactions that function primarily as a borrowing). 
 “Taxes” means all
present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholdings), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto. 

  
 - 43 - 

 “Term B Agreement Agent” means Barclays Bank PLC, or its
successor in interest, in its capacity as administrative agent and collateral agent under the Term B Credit Agreement. 

“Term B Credit Agreement” means the Credit Agreement dated as of January 16, 2014 by and among
Ocelot Merger Sub, Inc., the affiliates of Ocelot Merger Sub, Inc. party thereto (including Open Text), Barclays Bank PLC as administrative agent and the lenders party thereto from time to time, as such Credit Agreement may be further amended,
supplemented, restated, amended and restated or modified from time to time in accordance with Section 7.02(14). 

“Term Loan Facility” means the term loan facility under the Existing Credit Agreement. 

“Transaction” means (i) the GXS Acquisition, (ii) payment in full of the GXS Indebtedness and
(iii) the execution, delivery and performance by the Loan Parties of their obligations under the Credit Documents (as defined in the Term Loan B Credit Agreement) and the borrowings under the Term Loan B Credit Agreement on January 16,
2014. 
 “Transaction Costs” means fees, costs and expenses incurred in connection with the Transaction
(i) for any Financial Quarter ended prior to January 16, 2014 and (ii) thereafter for any Measurement Period ending prior to or at the end of the fourth Financial Quarter ending after January 16, 2014 in an amount not to exceed
U.S. $40,000,000 in the aggregate. 
 “Type” has the meaning specified in the definition of
“Accommodation” or “Advance”, as the case may be, herein. 
 “UCC” means the Uniform
Commercial Code as in effect in the jurisdiction of organization of any applicable Loan Party. 
 “UK Security
Documents” means a Deed of Guarantee and Debenture between Open Text UK Limited as charging company and Royal Bank of Canada as administrative agent, as amended, restated, supplemented or otherwise modified from time to time, or any other
document relating to the security interests granted to the Administrative Agent agreed to in writing between the Administrative Agent and the relevant Loan Party and subject to the laws of England and Wales. 

“ULC” has the meaning specified in the definition of “ULC Shares”. 

“ULC Shares” means shares or other equity interests issued by an unlimited company or an unlimited liability
company or unlimited liability corporation incorporated or otherwise governed by the laws of any of the provinces of Canada (each, a “ULC”) (other than any shares or other equity interests issued by Open Text ULC, an unlimited
liability company governed by the laws of Nova Scotia, or any successor thereof which is a ULC). 

  
 - 44 - 

 “Unmatured Surviving Obligations” has the meaning specified in
Section 7.01(15)(c). 
 “Unrestricted Cash” means, at any time, cash and Permitted Investments held in
accounts on the consolidated balance sheet of Open Text as at such date to the extent that such cash and Permitted Investments would not be required to be classified as “restricted” in accordance with GAAP (other than related to the Credit
Documents (or the Liens created thereunder)). 
 “U.S. Dollars” and “U.S. $” each mean the
lawful money of the United States. 
 “U.S. Grantor” means Open Text Holdings, Inc. and any other Domestic
Guarantor organized under the laws of a jurisdiction located within the United States. 
 “Valuation Date”
means the date of issuance or the date of continuation (if continued beyond the then existing expiration date) of any Documentary Credit. 
  

	Section 1.02	Gender and Number 

 Any reference in the Credit Documents to gender includes all genders,
and words importing the singular number only include the plural and vice versa. 
  

	Section 1.03	Interpretation not Affected by Headings, etc. 

 The provisions of a table of contents,
the division of this Agreement into Articles and Sections and the insertion of headings are for convenience of reference only and shall not affect the interpretation of this Agreement. 

 

	Section 1.04	Currency 

 All references in the Credit Documents to dollars or $, unless otherwise
specifically indicated, are expressed in U.S. $. 
  

	Section 1.05	Certain Phrases, etc. 

 In any Credit Document (i) (y) the words
“including” and “includes” mean “including (or includes) without limitation” and (z) the phrase “the aggregate of,” “the total of”, “the sum of”, or
a phrase of similar meaning means “the aggregate (or total or sum), without duplication, of”, and (ii) in the computation of periods of time from a specified date to a later specified date, unless otherwise expressly stated,
the word “from” means “from and including” and the words “to” and “until” each mean “to (or until) but excluding”. 

 

	Section 1.06	Accounting Terms 

 All accounting terms not specifically defined in this Agreement shall be interpreted
in accordance with GAAP. 

  
 - 45 - 

	Section 1.07	Non-Business Days 

 Whenever any payment is stated to be due on a day which is not a
Business Day, such payment shall be made (except as herein otherwise expressly provided in respect of any LIBOR Advance) on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or Fees, as the
case may be. 
  

	Section 1.08	Ratable Portion of Accommodations 

 References in this Agreement to a Lender’s
ratable portion of Advances or ratable share of payments of principal, interest, Fees or any other amount, shall mean and refer to a ratable portion or share as nearly as may be ratable in the circumstances, as determined in good faith by the
Administrative Agent. Each such determination by the Administrative Agent shall be prima facie evidence of such ratable share. 
  

	Section 1.09	Incorporation of Schedules 

 The schedules attached to this Agreement shall, for all purposes of this
Agreement, form an integral part of it. 
  

	Section 1.10	Control of Equity Securities 

 Any reference to “control” when used in the
Credit Documents in reference to Equity Securities constituting Collateral shall be interpreted by reference to the Securities Transfer Act (Ontario), the UCC or other relevant Law in effect in the jurisdiction governing the perfection of a security
interest in such Collateral. 
  

	Section 1.11	Effectiveness of Amendment and Restatement 

 This Agreement and the other Credit
Documents, shall, except as otherwise expressly set forth herein, supersede the Existing Credit Agreement and all other agreements between the parties with respect to the Advances and Documentary Credits outstanding under the Existing Credit
Agreement as of the Effective Date. The parties hereto acknowledge and agree, however, that (a) this Agreement and all other Credit Documents executed and delivered herewith do not constitute a novation or termination of the obligations under
the Existing Credit Agreement and the other Credit Documents as in effect prior to the Effective Date, (b) such obligations are in all respects continuing with only the terms being modified as provided in this Agreement and the other Credit
Documents, (c) the security interests and other Encumbrances created under the Security Documents prior to the date hereof in favour of the Collateral Agent (as defined in the Existing Credit Agreement) or Barclays Bank PLC, as Administrative
Agent (under the Existing Credit Agreement) for the benefit of the Secured Parties (as defined in the Security Documents) securing payment of such obligations are in all respects continuing in full force and effect and (d) all references in the
other Credit Documents (i) to the Existing Credit Agreement or ‘Credit Agreement’ shall be deemed to refer without further amendment to this Agreement, (ii) to the ‘Administrative Agent’ shall be deemed to refer without
further amendment to the Administrative Agent as defined in this Agreement, (iii) to the ‘Lenders’ or a ‘Lender’ shall be 

  
 - 46 - 

 
deemed to refer without further amendment to the Lenders as defined in this Agreement, and (iv) to the ‘Collateral Agent’ shall be deemed to refer without further amendment to the
Collateral Agent as defined in this Agreement. 
 ARTICLE 2 

CREDIT FACILITY 
  

	Section 2.01	Availability 

  

	 	(1)	 Each Revolving Credit Lender individually, and not jointly and severally, agrees, on the terms and conditions of this Agreement, to make
Accommodations ratably to each Revolving Credit Borrower in accordance with such Lender’s Revolving Credit Commitment. The Swing Line Lender individually, and not jointly and severally, agrees, on the terms and conditions of this Agreement, to
make Swing Line Advances ratably to each Revolving Credit Borrower in accordance with such Lender’s Swing Line Commitment. Upon the making of any Swing Line Advance by any Swing Line Lender, each Revolving Credit Lender shall be deemed to, and
hereby irrevocably agrees to, purchase from such Swing Line Lender a risk participation in such Swing Line Advance in an amount equal to the product of such Revolving Credit Lender’s ratable share of the Revolving Credit Facility times the
principal amount of such Swing Line Advance. Each Documentary Credit Lender individually, and not jointly and severally, agrees, on the terms and conditions of this Agreement, to issue Documentary Credits for the account of each Revolving Credit
Borrower in accordance with such Lender’s Documentary Credit Commitment under the Revolving Credit Facility. 

  

	 	(2)	 Accommodations under (i) the Revolving Credit Facility shall be made available as ABR Advances, LIBOR Advances and Documentary Credits and
(ii) the Swing Line Commitment shall be made available as ABR Advances on the terms set forth herein. 

  

	 	(3)	 The failure of any Lender to make an Accommodation shall not relieve any other Lender of its obligation, if any, in connection with any such
Accommodation, but no Lender is responsible for any other Lender’s failure in respect of such Accommodation. 

  

	 	(4)	 Borrower shall have the right, but not the obligation, at any time prior to the maturity of the Revolving Credit Facility, to increase the
Commitments under the Revolving Credit Facility or create a new tranche of Revolving Credit Commitments in an aggregate amount not to exceed (i) U.S. $250,000,000 plus (ii) additional amounts so long as, in the case of this
clause (ii), the Consolidated Senior Secured Net Leverage Ratio, determined on a pro forma basis giving effect to the incurrence of such Debt and any Debt which would constitute Consolidated

  
 - 47 - 

	 	 
Net Debt for Borrowed Money that has been incurred, prepaid or repaid since the end of the most recent Measurement Period for which financial statements are available (assuming such Commitments
are fully drawn but excluding any proceeds thereof from Unrestricted Cash) would not exceed 2.75:1.00 (each, an “Incremental Facility”, and the advances thereunder, “Incremental Advances”) provided that:

  

	 	(a)	 No Event of Default exists or would exist after giving effect thereto (except in the case of an Incremental Facility used to finance a Permitted
Acquisition, in which circumstances, no Default or Event of Default under Section 8.01(1)(a), Section 8.01(1)(b) or Section 8.01(1)(l) exists or would exist after giving effect thereto) and all applicable representations and warranties pursuant
to Article 6 shall be true and correct in all material respects on the date of the funding thereof (except in the case of an Incremental Facility used to finance a Permitted Acquisition, in which circumstances, the Specified Representations shall be
true and correct in all material respects; 

  

	 	(b)	 Open Text will be in compliance on a pro forma basis with the financial covenant in Section 7.03 after giving effect to such Incremental
Facility (assuming the Commitments thereunder are fully drawn); 

  

	 	(c)	 Commitments made by way of an increase to the Revolving Credit Commitment shall be on terms (including, without limitation, currency and Effective
Yield) and conditions identical to those applicable to the then-existing Revolving Credit Facility; 

  

	 	(d)	 In regard to Advances and Commitments made by way of a new tranche of Revolving Credit Commitments, the Effective Yield for any Incremental
Facility shall be determined by the Borrower and the Lenders of such Incremental Facility; provided that in the event that the Effective Yield applicable to any Incremental Facility incurred during the first 18 months following the Effective
Date is greater than the Effective Yield for the Revolving Credit Facility, then the Effective Yield for the Revolving Credit Facility shall be increased to the extent necessary so that the Effective Yield for such Incremental Facility is not more
than 50 basis points higher than the Effective Yield for the Revolving Credit Facility unless the Applicable Margins for the Revolving Credit Facility are increased by an amount equal to the difference between the Effective Yield for such
Incremental Facility and the corresponding Effective Yield for the Revolving Credit Facility minus 50 basis points; 

  

	 	(e)	 Such increased amounts will be provided by the existing Lenders or new financial institutions that become Lenders under the Incremental Facility
(such new financial institutions to be reasonably satisfactory to the 

  
 - 48 - 

	 	 
Administrative Agent and, if Swing Line Advances will be made or Documentary Credits will be issued under the Facility to which such Lender will be a party (including any Lender who is party to
an increase in the Revolving Credit Facility), the Swing Line Lender and the Documentary Credit Lender), provided that no existing Lender will be obligated to provide any such Incremental Facility; 

 

	 	(f)	 The Advances and Commitments under any Incremental Facility will not in any event have a maturity date that is earlier than the Relevant Repayment
Date of the then existing Revolving Credit Facility; provided that Advances and Commitments made by way of a new tranche of Revolving Credit Commitments shall be on terms and conditions otherwise substantially similar to those applicable to
the then-existing Revolving Credit Facility and, to the extent not so substantially similar with the then-existing Revolving Credit Facility, shall be reasonably satisfactory to the Administrative Agent; and 

 

	 	(g)	 Upon the implementation of any Incremental Facility by way of an increase to the Commitments under the Revolving Credit Facility pursuant to this
Section 2.01(4), (i) each Revolving Credit Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to each Revolving Credit Lender providing a portion of such Incremental Facility
(each a “Commitment Increase Lender”) in respect of such increase, and each such Commitment Increase Lender will automatically and without further act be deemed to have assumed a portion of such Revolving Credit Lender’s
participations hereunder in outstanding Documentary Credits and Swing Line Advances such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (A) participations
hereunder in Documentary Credits and (B) participations hereunder in Swing Line Advances held by each Revolving Credit Lender (including each such Commitment Increase Lender) will equal the percentage of the Total Revolving Credit Commitment of
all Lenders represented by such Revolving Credit Lender’s Incremental Commitment and (ii) if, on the date of such increase, there are any Advances outstanding, such Advances shall on or prior to the effectiveness of such Incremental
Facility be prepaid from the proceeds of additional Incremental Advances made hereunder (reflecting such Incremental Facility), which prepayment shall be accompanied by accrued interest on the Advances being prepaid and any costs incurred by any
Revolving Credit Lender in accordance with Section 2.15. The Administrative Agent and the Revolving Credit Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this
Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

  
 - 49 - 

	 	(h)	 At no time shall there be more than three separate tranches of revolving facilities hereunder (including Incremental Facilities).

  

	 	(i)	 The Administrative Agent shall have received such other corporate authorizations, opinions, or documents as the Administrative Agent may reasonably
request. 

  

	Section 2.02	Commitments and Facility Limits 

  

	 	(1)	 The Accommodations Outstanding: 

  

	 	(a)	 owing to all Revolving Credit Lenders shall not at any time exceed the Revolving Credit Commitment, and owing to each Revolving Credit Lender shall
not at any time exceed such Lender’s Revolving Credit Commitment; 

  

	 	(b)	 owing to any Swing Line Lender shall not, at any time, exceed the Swing Line Commitment of such Swing Line Lender; and 

 

	 	(c)	 owing to all Documentary Credit Lenders shall not, at any time, exceed the Documentary Credit Commitment and owing to each Documentary Credit
Lender shall not, at any time, exceed such Lender’s Documentary Credit Commitment. 

  

	 	(2)	 The Revolving Credit Facility shall revolve and, except as otherwise provided herein, no payment under the Revolving Credit Facility shall reduce
the Revolving Credit Commitments. Swing Line Advances shall be available on a revolving basis and, except as otherwise provided herein, no payment of Swing Line Advances shall reduce the Swing Line Commitment. 

 

	 	(3)	 A conversion from one Type of Accommodation to another Type of Accommodation shall not constitute a repayment or prepayment. 

 

	Section 2.03	Designated Borrowers 

  

	 	(1)	 The Subsidiaries listed on Schedule 12 (effective as of the Second Amendment Effective Date), Open Text and such other Subsidiaries of Open Text as
may be reasonably acceptable to the Administrative Agent and the Lenders under the Revolving Credit Facility or Incremental Facilities (subject to the provisions of this Section 2.03), shall be “Designated Borrowers” hereunder and
may receive Advances for their respective accounts on the terms and conditions set forth in this Agreement. 

  

	 	(2)	 Open Text may at any time, upon not less than 15 Business Days’ notice to the Administrative Agent (or such shorter period as may be agreed by
the Administrative Agent in its sole discretion), designate itself and any additional 

  
 - 50 - 

	 	 
Subsidiary (an “Applicant Borrower”) to receive Accommodations under the Revolving Credit Facility by delivering to the Administrative Agent (which shall promptly deliver
counterparts thereof to each Lender) a duly executed notice and agreement in substantially the form of Schedule 10 (a “Designated Borrower Request and Assumption Agreement”). The parties hereto acknowledge and agree that prior to
any Applicant Borrower becoming entitled to utilize the Revolving Credit Facility provided for herein, the Administrative Agent and the Lenders under Revolving Credit Facility shall have received such supporting resolutions, incumbency certificates,
opinions of counsel and other documents or information (including, without limitation, all such documents or information required to comply with the Patriot Act), in each case consistent with the documents and information required to be delivered
hereunder with respect to the new Borrowers on the Second Amendment Effective Date (but with such differences as may be appropriate in light of applicable local law), and promissory notes signed by such new Borrowers to the extent any Lenders under
the Revolving Credit Facility so require. If the Administrative Agent and the Revolving Credit Lenders agree that an Applicant Borrower shall be entitled to receive Accommodations hereunder, then promptly following receipt of all such requested
resolutions, incumbency certificates, opinions of counsel and other documents or information, the Administrative Agent shall send a notice in substantially the form of Schedule 11 (a “Designated Borrower Notice”) to Open Text and
the Revolving Credit Lenders specifying the effective date upon which the Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of such Lenders agrees to permit such Designated Borrower to receive
Accommodations hereunder under the Revolving Credit Facility, on the terms and conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise shall be a Revolving Credit Borrower for all purposes of this
Agreement. For the avoidance of doubt, the Administrative Agent and each Revolving Credit Lender shall act reasonably in determining whether to grant any designation request by Open Text with respect to an Applicant Borrower under this Section
2.03(2) and, in the event that the Administrative Agent or any Revolving Credit Lender, acting reasonably, does not agree that such Applicant Borrower shall be entitled to receive Accommodations hereunder, then such Applicant Borrower shall not be a
Designated Borrower and may not receive Accommodations hereunder. 

  

	 	(3)	 Each Subsidiary that is or becomes a Designated Borrower pursuant to this Section 2.03 hereby irrevocably appoints Open Text as its agent for all
purposes relevant to this Agreement and each of the other Credit Documents, including (i) the giving and receipt of notices (including delivery of any Borrowing Notice to the Administrative Agent) and (ii) the execution and delivery of all
documents, instruments and certificates contemplated herein and all modifications hereto. Any notice, demand, consent, acknowledgment, direction, certification or other communication delivered to Open Text in accordance with the terms of this
Agreement shall be deemed to have been delivered to each Designated Borrower. 

  
 - 51 - 

	 	 
For the avoidance of doubt, any Subsidiary that becomes a Designated Borrower after the Effective Date pursuant to this Section 2.03 may not deliver a Borrowing Notice to the Administrative
Agent, and the Administrative Agent shall only accept Borrowing Notices delivered to it by Open Text on behalf of any such Designated Borrower. 

  

	 	(4)	 Open Text may from time to time, upon not less than 15 Business Days’ notice from Open Text to the Administrative Agent (or such shorter
period as may be agreed by the Administrative Agent in its sole discretion), terminate a Designated Borrower’s status as such, provided that there are no outstanding Accommodations payable by such Designated Borrower, or other amounts payable
by such Designated Borrower on account of any Accommodations made to it, in each case as of the effective date of such termination, unless, in the case of any outstanding Documentary Credits, on or prior to such effective date of termination, the
applicable Designated Borrower shall have paid to the Administrative Agent for the account of each applicable Lender an amount in same day funds equal to the sum of the amount to be drawn or which may be drawn, as the case may be, by any Beneficiary
in the currency in which any Documentary Credit issued by such Lender for the account of such Borrower is payable, to be held as cash collateral in respect of Designated Borrower’s obligations for such Documentary Credits; provided that the
Administrative Agent may apply any or all of such cash and cash collateral to the payment of any or all of such Designated Borrower’s obligations in respect of such Documentary Credits as such obligations become due and, pending such
application, the Administrative Agent may (but shall not be obligated to) invest the same in an interest bearing account in the Administrative Agent’s name, for the ratable benefit of itself and the applicable Lenders, at such bank or financial
institution as the Administrative Agent may, in its discretion, select; provided further, that if such Designated Borrower is also a Domestic Guarantor or a Foreign Guarantor, such termination will not affect such Designated Borrower’s
obligations as a Domestic Guarantor under the Domestic Guarantee or as a Foreign Guarantor under its Foreign Guarantee, as applicable. The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower’s
status. 

  

	Section 2.04	Use of Proceeds 

  

	 	(1)	 The Revolving Credit Borrowers shall use the proceeds of any Accommodations under the Revolving Credit Facility to fund working capital and general
corporate purposes (including, without limitation, Capital Expenditures, Permitted Acquisitions and Permitted Investments) on a fully revolving basis. 

  

	 	(2)	 No Swing Line Advances shall be used for the purpose of funding the repayment of principal of any other Swing Line Advance. 

  
 - 52 - 

	Section 2.05	Mandatory Repayments and Reductions of Commitments 

  

	 	(1)	 Each Revolving Credit Borrower shall repay (subject to Section 8.01) the Accommodations Outstanding made to such Borrower under the Revolving
Credit Facility together with all interest, fees and other amounts owing in connection therewith on the Relevant Repayment Date and the Revolving Credit Commitments shall terminate on the Relevant Repayment Date. 

 

	 	(2)	 Each Revolving Credit Borrower shall repay (subject to Section 8.01), with notice to the Administrative Agent of such repayment, each Swing Line
Advance made to such Borrower upon the earlier of the seventh day following the making of such Advance and the Relevant Repayment Date in respect of the Revolving Credit Facility. The Swing Line Commitment shall be permanently reduced from time to
time on the date of each reduction of the Revolving Credit Facility by the amount, if any, by which the amount of the Swing Line Commitment exceeds the Revolving Credit Commitments after giving effect to any such reduction of the Revolving Credit
Facility. 

  

	 	(3)	 On the date of any prepayment pursuant to Section 2.06(2), the Revolving Credit Commitments of each Lender so prepaid shall be reduced to
zero. 

  

	Section 2.06	Mandatory Prepayments 

  

	 	(1)	 If, as of the last day of each month or, if an Event of Default has occurred and is continuing, on any day, the Accommodations Outstanding under
the Revolving Credit Facility exceed 100 % of the applicable Revolving Credit Commitment by reason of exchange rate fluctuations or otherwise, the applicable Revolving Credit Borrower or Revolving Credit Borrowers shall, on the first Business
Day following such day, repay ABR Advances or LIBOR Advances in the manner set forth in Section 2.07 (but without regard to the minimum amounts specified therein), as the case may be, such that the Accommodations Outstanding under the Revolving
Credit Facility, after giving effect thereto, do not exceed the Commitment thereunder. 

  

	 	(2)	 The Borrower shall be required to offer to prepay all Accommodations Outstanding upon the occurrence of a Change of Control, which offer shall be
at 100% of the principal amount of the Accommodations Outstanding, plus, in each case, any accrued and unpaid interest, such prepayment to be applied in accordance with Sections 2.09 and 2.10. Any Lender accepting such offer shall be prepaid in
full; provided that if the Majority Lenders shall have accepted such offer, then all Lenders shall be deemed to have accepted such offer and the Borrowers shall prepay all outstanding amounts under the Facilities (including the principal amount of
all Accommodations Outstanding plus any accrued and unpaid interest and fees but excluding any Documentary Credit obligations, which have been cash collateralized at the time of any such prepayment in accordance

  
 - 53 - 

	 	 
with Section 2.13), with such prepayments to be applied in accordance with Sections 2.09 and 2.10. 

 

	Section 2.07	Optional Prepayments and Reductions of Commitments 

 The Borrowers may, subject to the
provisions of this Agreement, prepay Accommodations Outstanding under the Revolving Credit Facility, and reduce the Commitments (upon three Business Days’ prior notice), at any time without premium or penalty. 

 

	Section 2.08	Fees 

  

	 	(1)	 The Revolving Credit Borrowers, in respect of the Revolving Credit Facility, shall pay to the Administrative Agent for the ratable benefit of the
Revolving Credit Lenders, commencing on the Effective Date to but excluding the latest Relevant Repayment Date in respect of the Revolving Credit Facility, a Facility Fee (as set forth in Schedule 6) calculated on the undrawn amount of Revolving
Credit Commitments at such time; provided that, for purpose of calculations under this Section 2.08(1), Swing Line Advances shall not be considered usage. All Facility Fees will be payable in arrears at the end of each Financial Quarter and upon any
termination of any Revolving Credit Commitment, in each case for the actual number of days elapsed over a 365 or 366 day year, as the case may be. 

  

	 	(2)	 Open Text shall pay an annual administrative fee to the Administrative Agent in an amount as agreed to by Open Text and the Administrative Agent.

  

	Section 2.09	Payments under this Agreement 

  

	 	(1)	 Unless otherwise expressly provided in this Agreement, the applicable Borrower shall make any payment required to be made by it to the
Administrative Agent or any Lender by depositing the amount of the payment in the relevant currency to the relevant Borrower’s Account not later than 10:00 a.m. (New York time) on the date the payment is due. The applicable Borrower shall make
each such payment (i) in U.S. Dollars; and (ii) except as specifically otherwise provided, in the Equivalent U.S. $ Amount, if the Accommodation was originally made in any other currency. In respect of the Revolving Credit Facility, the
Administrative Agent shall distribute to each applicable Lender, promptly on the date of receipt by the Administrative Agent of any payment, an amount equal to the amount then due each such Lender. 

 

	 	(2)	 Unless otherwise expressly provided in this Agreement, the Administrative Agent shall make Accommodations under the Revolving Credit Facility and
other payments to the applicable Borrower under this Agreement by crediting the applicable Borrower’s Account (or causing the applicable Borrower’s Account to be credited) with, or by wire transferring to such account(s) as may be directed
by the applicable Borrower, the amount of the payment not later than 2:00 p.m. (New York time) on the date the payment is to be made. 

  
 - 54 - 

	 	(3)	 Each Swing Line Lender shall make Swing Line Advances to the applicable Borrower by crediting the applicable Revolving Credit Borrower’s
Account with the amount of such Swing Line Advance not later than 2:00 p.m. (New York time) on the date such Swing Line Advance is to be made. 

  

	 	(4)	 Each Borrower hereby authorizes each Lender, if and to the extent any payment owed to such Lender by such Borrower is not made to the
Administrative Agent when due, to charge from time to time any amount due against any or all of such Borrower’s accounts with such Lender upon notice to such Borrower. 

 

	Section 2.10	Application of Payments and Prepayments 

  

	 	(1)	 All amounts received by the Administrative Agent from or on behalf of a Borrower and not previously applied pursuant to this Agreement shall be
applied by the Administrative Agent as follows (i) first, in reduction of the Borrower’s obligation to pay any unpaid interest and any Fees which are due and owing; (ii) second, in reduction of the Borrower’s obligation to pay
any claims or losses referred to in Section 15.01; (iii) third, in reduction of the Borrower’s obligation to pay any amounts due and owing on account of any unpaid principal amount of Advances and Obligations arising under Eligible Cash
Management Agreements and Eligible Hedging Agreements, in each case, which are due and owing; provided that notwithstanding the foregoing, Obligations arising under Eligible Cash Management Agreements and Eligible Hedging Agreements shall be
excluded from any such application if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Lender, as
the case may be; (iv) fourth, in reduction of the Borrower’s obligation to pay any other unpaid Accommodations Outstanding which are due and owing; (v) fifth, in reduction of any other obligation of the Borrower under this Agreement
and the other Credit Documents; and (vi) sixth, to Cash Collateralize the then Accommodations Outstanding in respect of all Documentary Credits made to such Borrower; and (vii) seventh, to the applicable Borrower or such other Persons as
may lawfully be entitled to or directed by a Borrower to receive the remainder. 

  

	Section 2.11	Computations of Interest and Fees 

  

	 	(1)	 All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for
which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar Rate, on the basis of a year of 360 days.

  

	 	(2)	 All computations of Fees shall be made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, taking into
account the actual 

  
 - 55 - 

	 	 
number of days (including the first day but excluding the last day) occurring in the period for which such fees are payable. 

 

	 	(3)	 For purposes of the Interest Act (Canada), (i) whenever any interest or Fee under this Agreement is calculated using a rate based on a
number of days less than a full year, such rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate, (y) multiplied by the actual number of days in the calendar year in which
the period for which such interest or fee is payable (or compounded) ends, and (z) divided by the number of days comprising such calculation basis; (ii) the principle of deemed reinvestment of interest does not apply to any interest
calculation under this Agreement; and (iii) the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields. 

 

	 	(4)	 If any provision of this Agreement or of any of the other Credit Documents would obligate a Loan Party to make any payment of interest or other
amount payable to any Lender in an amount or calculated at a rate which would be prohibited by Law or would result in a receipt by such Lender of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)) then,
notwithstanding such provisions, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by Law or so result in a receipt by such
Lender of interest at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (1) firstly, by reducing the amount or rate of interest required to be paid to such Lender under the applicable Credit Document, and
(2) thereafter, by reducing any fees, commissions, premiums and other amounts required to be paid to such Lender which would constitute “interest” for purposes of Section 347 of the Criminal Code (Canada). Notwithstanding
the foregoing, and after giving effect to all adjustments contemplated thereby, if a Lender shall have received an amount in excess of the maximum permitted by that section of the Criminal Code (Canada), the Loan Party paying the amount shall
be entitled, by notice in writing to such Lender, to obtain reimbursement from such Lender in an amount equal to such excess and, pending such reimbursement, such amount shall be deemed to be an amount payable by such Lender to any Borrower,
Domestic Guarantor or Foreign Guarantor, as the case may be. Any amount or rate of interest referred to in this Section 2.11(4) shall be determined in accordance with generally accepted actuarial practices and principles and, in the event of a
dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative Agent shall be conclusive for the purposes of such determination. 

 

	Section 2.12	Security 

  

	 	(1)	 In each case, subject to Permitted Exceptions, by the applicable dates specified below, the Borrowers shall provide or cause to be provided by the
Domestic 

  
 - 56 - 

	 	 
Guarantors and the Foreign Guarantors, as the case may be, to the Administrative Agent, for and on behalf of the Lenders, as continuing collateral security for the present and future indebtedness
and liability of the Borrowers, the obligations of the Domestic Guarantors under the Domestic Guarantee and the obligations of the Foreign Guarantors under the Foreign Guarantees, respectively, to the Administrative Agent and the Lenders hereunder
and under the other Credit Documents, the following security (the “Security”), in form and substance satisfactory to the Administrative Agent, acting reasonably, together with any relevant reasonably required power of attorney,
registrations, filings and other supporting documentation deemed necessary by the Administrative Agent or its counsel to perfect the same or otherwise in respect thereof: 

 

	 	(a)	 in the case of each Domestic Guarantor, a Domestic Guarantee, which guarantees shall be reaffirmed as of the Effective Date pursuant to
Section 23.01; 

  

	 	(b)	 in the case of each Foreign Guarantor, a Foreign Guarantee, which guarantees shall be reaffirmed as of no later than 90 days after the Second
Amendment Effective Date; 

  

	 	(c)	 other than with respect to any Loan Party located outside of Canada and the United States, general security agreements (which, for greater
certainty, shall not include a hypothec with respect to moveable property located in the Province of Québec) dated as of the Original Closing Date or thereafter if such Person became a Loan Party thereafter, and reaffirmed as of the Effective
Date pursuant to Section 23.01, constituting a security interest in all personal property (or moveable property, as applicable) and assets of the Loan Parties (including all contract rights, inventory, accounts, general intangibles, Equity
Securities, deposit accounts, trademarks, trade names, other intellectual property, equipment and proceeds of the foregoing), which security interest shall be of first priority, subject, if and to the extent applicable, to any Permitted Encumbrances
(each being a “Security Agreement”), and subject to the grace periods specified in each Security Agreement and in connection with deposit accounts, Section 7.01(15)(c), with respect to items of Collateral that cannot be perfected by
the filing of a PPSA or UCC financing statement; 

  

	 	(d)	 (i) within 60 days following the acquisition of any Material Owned Real Property or (ii) in the case of the real property located at 5347 West
161st Street, Brook Park, Ohio by no later than 12 months following January 16, 2014 (if a Loan Party owns such real property), debentures, mortgages, deeds of trust or deeds to secure debt (or immoveable hypothec, as applicable) constituting a
charge on such real property (or immoveable property, as applicable) of the Loan Parties (as determined by the Administrative Agent), which charge shall be a first ranking and exclusive

  
 - 57 - 

	 	 
charge, subject, if and to the extent applicable, to any Permitted Encumbrances (each being a “Debenture”); and 

 

	 	(e)	 within 60 days following the Second Amendment Effective Date (or such later date as the Administrative Agent may agree in its reasonable
discretion), in the case of any Loan Party located outside of Canada and the United States, such security agreements, debentures, mortgages, pledge agreements or other agreements or instruments as may be reasonably necessary to reaffirm the security
interest in its assets. 

  

	 	(2)	 Subject to Permitted Exceptions, Open Text will from time to time at its expense duly authorize, execute and deliver (or cause the applicable Loan
Party to authorize, execute and deliver) to the Administrative Agent such further instruments and documents and take such further action as the Administrative Agent may reasonably request for the purpose of obtaining or preserving the full benefits
granted or intended to be granted to the Administrative Agent, or any Lender or the Collateral Agent by the Credit Documents and of the rights and remedies therein granted to the Administrative Agent, or any Lender or the Collateral Agent, including
the filing of financing statements or other documents under any Law with respect to the Encumbrances created thereby. The Loan Parties acknowledge that the Credit Documents have been prepared on the basis of Law in effect on the Effective Date, and
that changes to Law (including as a result of the coming into force of the Securities Transfer Act (Ontario) or any other similar legislation) may require the execution and delivery of different forms of documentation, and accordingly the
Administrative Agent shall have the right (acting reasonably) to require that the Credit Documents be amended, supplemented or replaced (and Open Text shall, or shall cause the applicable Loan Party to duly authorize, execute and deliver to the
Administrative Agent any such amendment, supplement or replacement reasonably requested by the Administrative Agent with respect to any of the Credit Documents) within 30 days of written request therefor (i) to reflect any change in Law,
whether arising as a result of statutory amendments, court decisions or otherwise; (ii) to facilitate the creation and registration of appropriate forms of security in applicable jurisdictions; or (iii) to confer upon the Administrative
Agent Encumbrances similar to the Encumbrances created or intended to be created by the Credit Documents. Without limiting the generality of this Section 2.12(2), the Loan Parties agree that if any such actions shall be required under
applicable law as a result of the amendment and restatement of the Existing Credit Agreement into the form of this Agreement on the Effective Date, they shall promptly, or shall cause the applicable Loan Party to promptly, duly authorize, execute
and deliver to the Administrative Agent any such amendment, supplement or replacement reasonably requested by the Administrative Agent with respect to any of the Credit Documents. 

  
 - 58 - 

	Section 2.13	Cash Collateral 

  

	 	(1)	 Upon the request of the Administrative Agent or the Documentary Credit Lender (i) if the Documentary Credit Lender has honoured any full or
partial drawing request under any Documentary Credit and such drawing has resulted in a Documentary Credit Borrowing, or (ii) if, as of the Relevant Repayment Date in respect of the Revolving Credit Facility, any Documentary Credit obligation
for any reason remains outstanding, the Borrowers shall, in each case, immediately Cash Collateralize the then Accommodations Outstanding of all Documentary Credit obligations. At any time that there shall exist a Defaulting Lender, immediately upon
the request of the Administrative Agent, the Swing Line Lender or the Documentary Credit Lender, the Borrowers shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover 105% of all Fronting Exposure (after giving
effect to Section 2.14 and any Cash Collateral provided by the Defaulting Lender). 

  

	 	(2)	 All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing
deposit accounts at the Administrative Agent. The Borrowers, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the
Documentary Credit Lender and the Lenders (including the Swing Line Lender), and agrees to create and agrees that the Administrative Agent may maintain, a first priority security interest (other than an Encumbrance of the type described in
(i) clause (a) of the definition of “Permitted Encumbrances” arising solely by operation of law and for which payment is not yet due or (ii) clause (y) of the definition of “Permitted Encumbrances”) in all
such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant
to this Section 2.13. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided (other than an Encumbrance of the type described in
(i) clause (a) of the definition of “Permitted Encumbrances” arising solely by operation of law and for which payment is not yet due or (ii) clause (y) of the definition of “Permitted Encumbrances”) or that
the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the applicable Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or
provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. 

  

	 	(3)	 Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided hereunder in respect of Documentary Credits or Swing
Line Advances shall be held and applied to the satisfaction of the specific Documentary Credit obligations or Swing Line Advances, obligations to fund 

  
 - 59 - 

	 	 
participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so
provided, prior to any other application of such property as may be provided for herein. 

  

	 	(4)	 Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly following
(i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with
Section 16.01(2)(f)) or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released
during the continuance of a Default under Section 8.01(a), (b), (k) or (l) or an Event of Default (and following application as provided in this Section 2.13 may be otherwise applied in accordance with the terms hereof), and (y) the Person
providing Cash Collateral and the Documentary Credit Lender or Swing Line Lender, as applicable, may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.

  

	Section 2.14	Defaulting Lenders 

  

	 	(1)	 Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that
Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

  

	 	(a)	 That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as
set forth in Section 17.01(5). 

  

	 	(b)	 Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether
voluntary or mandatory, at maturity, or otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 11.01), shall be applied at such time or times as may be determined by the
Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to
the Documentary Credit Lender or Swing Line Lender hereunder; third, if so reasonably determined by the Administrative Agent or reasonably requested by the Documentary Credit Lender or Swing Line Lender, to be held as Cash Collateral for
future funding obligations of that Defaulting Lender of any participation in any Documentary Credit or Swing Line Loan; fourth, as the Borrowers may request (so long as no Default or Event of Default

  
 - 60 - 

	 	 
exists), to the funding of any Borrowing in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative
Agent; fifth, if so determined by the Administrative Agent and the Borrowers, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Borrowings under this Agreement
and to Cash Collateralize future Funding Exposure with respect to such Defaulting Lender; sixth, to the payment of any amounts owing to the Lenders, the Documentary Credit Lender or Swing Line Lender as a result of any judgment of a court of
competent jurisdiction obtained by any Lender, the Documentary Credit Lender or Swing Line Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as
no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against that Defaulting Lender as a result of that Defaulting
Lender’s breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of
any Advances or Documentary Credit Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Borrowings or Documentary Credit Borrowings were made at a time when the conditions set forth in
Article 5 were satisfied or waived, such payment shall be applied solely to pay the Borrowings of, and Documentary Credit Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Borrowings of,
or Documentary Credit Borrowings owed to, that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral
pursuant to this Section 2.14 shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

  

	 	(c)	 That Defaulting Lender shall not be entitled to receive any fee hereunder for any period during which that Lender is a Defaulting Lender (and the
applicable Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to the Defaulting Lenders. 

  

	 	(d)	 During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to
acquire, refinance or fund participations in Documentary Credits or Swing Line Advances pursuant to Section 3.06, the ratable share of each non-Defaulting Lender shall be computed without giving effect to the

  
 - 61 - 

	 	 
Commitment of that Defaulting Lender; provided, that: (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or
Event of Default exists and the representations and warranties contained in Article 6 are true and correct in all material respects on and as of such date, all as though made on and as of such date except any representation and warranty which is
stated to be made as of a certain date (and then as of such date); and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Documentary Credits and Swing Line Advances shall not exceed the
positive difference, if any, of (1) the Revolving Credit Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving Credit Advances of that Lender. If the amount of the obligation of a
non-Defaulting Lender to acquire, refinance or fund participations in Documentary Credits and Swing Line Advances is reallocated pursuant to this clause (d), then the fees payable to the Lenders pursuant to Section 2.08(1), Section 4.09(1) and
Section 4.09(2) shall be adjusted in accordance such non-Defaulting Lender’s Applicable Percentage. 

  

	 	(2)	 If the applicable Borrower, the Administrative Agent, the Swing Line Lender and the Documentary Credit Lender agree in writing in their sole
discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth
therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Revolving Credit Borrowings of the other Lenders or take such other actions as the
Administrative Agent may reasonably determine to be necessary to cause the Borrowings and funded and unfunded participations in Documentary Credits and Swing Line Advances to be held on a pro rata basis by the Lenders in accordance with their
ratable shares (without giving effect to Section 2.14(1)), whereupon that Lender will cease to be a Defaulting Lender; provided that, no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the
Borrowers while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any
claim of any party hereunder arising from that Lender having been a Defaulting Lender. 

  
 - 62 - 

 ARTICLE 3 

REVOLVING CREDIT FACILITY ADVANCES 
  

	Section 3.01	The Advances 

  

	 	(1)	 The Administrative Agent shall give each applicable Lender prompt notice of any Borrowing Notice received from each Borrower and of each applicable
Lender’s ratable portion of any Accommodation. 

  

	Section 3.02	Procedure for Borrowing. 

 Each Borrowing under the Revolving Credit
Facility shall be in a minimum amount of (i) U.S. $1,000,000 and in an integral multiple of U.S. $100,000 in the case of Borrowings by way of LIBOR Advances or ABR Advances; and (ii) shall be made on the number of days prior
notice specified in Schedule 5, given not later than 10:00 a.m. (New York time), in the case of ABR Advances, and 12:00 p.m. (New York time), in all other cases, in each case by the applicable Borrower to the Administrative Agent. Each notice of a
Borrowing (a “Borrowing Notice”) shall be in substantially the form of Schedule 1, shall be irrevocable and binding on the applicable Borrower once given by it to the Administrative Agent, and shall specify (i) the requested
date of the Borrowing; (ii) the aggregate amount and currency of the Borrowing; (iii) the Credit Facility under which such Advance is requested; (iv) the Type of Advances comprising the Borrowing; and (iv) in the case of a LIBOR
Advance, the initial Interest Period applicable to such Advance. Upon receipt by the Administrative Agent of funds from the Lenders and fulfillment of the applicable conditions set forth in Article 5, the Administrative Agent will make such funds
available to the applicable Borrower in accordance with Article 2. 
  

	Section 3.03	Conversions and Elections Regarding Advances 

  

	 	(1)	 Each Advance shall initially be the Type of Advance specified in the applicable Borrowing Notice and shall bear interest at the rate applicable to
such Type of Advance (determined as provided in Section 3.05) until (i) in the case of a LIBOR Advance the end of the initial Interest Period applicable thereto as specified in the applicable Borrowing Notice, (ii) in the case of an ABR
Advance, the date on which the relevant Type of Advance is repaid in full or is changed to another Type of Advance pursuant to and to the extent permitted by Section 3.03(2), or (iii) in the case of any Advance, it is converted to another Type
of Advance pursuant to and to the extent permitted by Section 3.03(2). 

  

	 	(2)	 The applicable Borrower may, in respect of the Revolving Credit Facility, elect to (i) change any Advance (other than a Swing Line Advance)
outstanding thereunder to another Type of Accommodation denominated in the same currency available thereunder in accordance with Section 3.03(3), (x) in the case of an 

  
 - 63 - 

	 	 
ABR Advance, as of any Business Day or (y) in the case of a LIBOR Advance as of the last day of the Interest Period, applicable to such LIBOR Advance; or (ii) continue any LIBOR Advance
for a further Interest Period, beginning on the last day of the then current Interest Period, in accordance with Section 3.03(3). 

  

	 	(3)	 Each election to change from one Type of Advance to another Type of Advance under the Revolving Credit Facility or to continue a LIBOR Advance for
a further Interest Period shall be made on the number of days prior notice specified in Schedule 5 given, in each case, not later than 12:00 p.m. (New York time) by the applicable Borrower to the Administrative Agent. Each such notice (an
“Interest Rate Election Notice”) shall be given substantially in the form of Schedule 2 and shall be irrevocable and binding upon the applicable Borrower. If the applicable Borrower fails to deliver an Interest Rate Election Notice
to the Administrative Agent for any LIBOR Advance as provided in this Section 3.03(3), such LIBOR Advance shall be converted (as of the last day of the applicable Interest Period) to and thereafter shall be outstanding as an ABR Advance in respect
of the applicable Borrower. The Borrowers shall not select an Interest Period which conflicts with the definition of Interest Period in Section 1.01 or with the repayment requirements contained in Section 2.05. 

 

	 	(4)	 Upon the occurrence of, and during the continuance of, an Event of Default, the Borrowers shall not have the right to convert Advances into, or to
continue, LIBOR Advances, and each LIBOR Advance shall convert to an ABR Advance at the end of the applicable Interest Period. 

  

	Section 3.04	Circumstances Requiring Floating Rate Pricing 

  

	 	(1)	 If a Lender determines acting reasonably in good faith and notifies Open Text in writing and the Administrative Agent that (i) by reason of
circumstances affecting financial markets inside or outside Canada, deposits of U.S. Dollars are unavailable to such Lender; (ii) adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided in the
definition of Eurodollar Rate; (iii) the making or continuation of any LIBOR Advances has been made impracticable (x) by the occurrence of a contingency (other than a mere increase in rates payable by such Lender to fund the Advances or a
decrease in the creditworthiness of such Lender) which adversely affects the funding of the Revolving Credit Facility at any interest rate computed on the basis of the Eurodollar Rate, or (y) by reason of a change since the date of this
Agreement in any Law or in the interpretation thereof by any Governmental Authority which affects such Lender or any relevant financial market and which results in the Eurodollar Rate no longer representing the effective cost to such Lender of
deposits in such market; or (iv) any change to any Law or in the interpretation or application thereof by any Governmental Authority, has made it unlawful for such Lender to make or maintain or to give effect to its obligations in respect of
such Advances as contemplated hereby, then, 

  
 - 64 - 

	 	(a)	 the right of a Borrower to select LIBOR Advances, as the case may be, from such Lender shall be suspended until such Lender determines acting
reasonably and in good faith that the circumstances causing the suspension no longer exist and such Lender so notifies the Administrative Agent; 

  

	 	(b)	 if any affected LIBOR Advance is not yet outstanding, any applicable Borrowing Notice shall be suspended until such Lender acting reasonably and in
good faith determines that the circumstances causing such suspension no longer exist and such Lender so notifies the Administrative Agent; and 

  

	 	(c)	 if any LIBOR Advance is already outstanding at any time when the right of the applicable Borrower to select LIBOR Advances is suspended, it and all
other LIBOR Advances in the same Borrowing with respect to such Lender shall (subject to applicable Borrower having the right to select the relevant Type of Advance at such time) become an ABR Advance on the last day of the then current Interest
Period or applicable thereto (or on such earlier date as may be required to comply with any Law). 

  

	 	(2)	 The Administrative Agent shall promptly notify Open Text of the suspension of its right to request a LIBOR Advance from such Lender and of the
termination of any such suspension. Upon notice from the Administrative Agent of the suspension of the right to request a LIBOR Advance from such Lender, Open Text may (i) either replace such Lender with a substitute Lender or Lenders, in which
event such Lender shall execute and deliver an assignment and assumption agreement in favour of such substitute Lender or Lenders pursuant to Section 16.01(2)(e) in respect of the whole of its Commitments; or (ii) prepay all Accommodations
Outstanding of such affected Lender and thereupon reduce such affected Lender’s Commitments to nil, all without affecting the Commitments of any other Lenders. 

 

	Section 3.05	Interest on Advances 

 The applicable Borrower shall pay interest on the unpaid principal
amount of each Advance made to it, from the date of such Advance until such principal amount is repaid in full, at the following rates per annum: 
  

	 	(1)	 ABR Advances. If and so long as such Advance is an ABR Advance and subject to clause (3) below, at a rate per annum equal at all times
to the ABR Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business Day of each Financial Quarter in each Financial Year; and (ii) when such ABR Advance becomes due and
payable in full pursuant to the provisions hereof. 

  
 - 65 - 

	 	(2)	 LIBOR Advances. If and so long as such Advance is a LIBOR Advance and subject to clause (3) below, at a rate per annum equal, at all
times during each Interest Period for such LIBOR Advance, to the sum of the Eurodollar Rate for such Interest Period plus the Applicable Margin payable on the earliest of (i) if the Interest Period is longer than 3 months, every 3 months after
the date of the relevant LIBOR Advance; (ii) on the last day of such Interest Period; and (iii) when such LIBOR Advance becomes due and payable in full pursuant to the provisions hereof. 

 

	 	(3)	 Default Interest. Upon the occurrence and during the continuance of an Event of Default, subject to Law, the Borrowers shall pay interest on
their respective obligations in respect of the Revolving Credit Facility (“Default Interest”) on (i) the unpaid principal amount of each Accommodation Outstanding to each Lender, payable in arrears on the dates referred to in
clause (1) or (2) above, as applicable, and 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 such Advance pursuant to clause (1) or (2) above, as applicable,
and (ii) the amount of any interest, fee or other amount payable under this Agreement or any other Credit Document to the Administrative Agent or any Lender 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 and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid, in the case of interest, and, in all
other cases, on ABR Advances pursuant to clause (1) above. 

  

	Section 3.06	Swing Line Advances 

  

	 	(1)	 Each Swing Line Advance shall be in a minimum amount of U.S. $500,000 and in an integral multiple of U.S. $100,000, shall bear interest at the ABR
Rate and shall be made upon notice given not later than 10:00 a.m. (New York time) by the applicable Revolving Credit Borrower to the Administrative Agent and the applicable Swing Line Lender. Each notice of a Swing Line Advance shall be in
substantially the form of Schedule 1, shall be irrevocable and binding on the applicable Revolving Credit Borrower once given by it to the Administrative Agent and the applicable Swing Line Lender, and shall specify (i) the date of the Swing
Line Advance, (ii) the amount of the Swing Line Advance and (iii) the maturity of the Swing Line Advance (which maturity shall be no later than the seventh day after the requested date of such Swing Line Advance). Upon fulfilment of the
applicable conditions set forth in Article 5, the applicable Swing Line Lender will, upon notice to the Administrative Agent, make such funds available to the applicable Revolving Credit Borrower in accordance with Article 2. 

 

	 	(2)	 Each Swing Line Lender may, at any time in its sole and absolute discretion, request on behalf of the applicable Revolving Credit Borrower (and
such 

  
 - 66 - 

	 	 
Revolving Credit Borrower hereby irrevocably authorizes each Swing Line Lender to so request on its behalf), upon notice to the Administrative Agent by such Swing Line Lender no later than 10
a.m. (New York time) on the applicable date, that each Revolving Credit Lender make an ABR Advance in an amount equal to such Revolving Credit Lender’s pro rata share of the amount of Swing Line Advances made by such Swing Line Lender then
outstanding. Such request shall be deemed to be a Borrowing Notice for purposes hereof and shall be made in accordance with the provisions of Section 3.02(1) without regard solely to the minimum amounts specified therein but subject to the
satisfaction of the conditions set forth in Section 5.02 (except that the applicable Revolving Credit Borrower shall not be deemed to have made any representations and warranties). 

 

	 	(3)	 If for any reason any Swing Line Advance cannot be refinanced by a Borrowing as contemplated by Section 3.06(2), the request for ABR Advances, as
the case may be, submitted by the Swing Line Lender as set forth in Section 3.06(2) shall be deemed to be a request by such Swing Line Lender that each of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Advance
and each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 3.06(2) shall be deemed payment in respect of such participation. 

 

	 	(4)	 If and to the extent that any Revolving Credit Lender shall not have made the amount of its pro rata share of such Swing Line Advance available to
the Administrative Agent in accordance with the provisions of Section 3.06(2), such Revolving Credit Lender agrees to pay to the Administrative Agent forthwith on demand such amount together with interest thereon, for each day from the date of the
applicable Borrowing Notice delivered by the Swing Line Lender until the date such amount is paid to the Administrative Agent, for the account of the applicable Swing Line Lender, at the Federal Funds Effective Rate. 

 

	 	(5)	 Each Revolving Credit Lender’s obligation to make ABR Advances or to purchase and fund risk participations in a Swing Line Advance pursuant to
this Section 3.06 shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any set-off, counterclaim, recoupment, defence or other right which such Revolving Credit Lender may have against the Swing Line
Lender, the applicable Revolving Credit Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default, or (iii) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, that each Revolving Credit Lender’s obligation to make ABR Advances pursuant to this Section 3.06 is subject to satisfaction of the conditions set forth in Section 5.02 (except that the applicable Revolving
Credit Borrower shall not be deemed to have made any representations or warranties). No funding of risk participations shall relieve or otherwise impair the obligation of the applicable Revolving Credit Borrower to repay Swing Line Advances,
together with interest as provided herein. 

  
 - 67 - 

 ARTICLE 4 

REVOLVING CREDIT FACILITY - DOCUMENTARY CREDITS 
  

	Section 4.01	Documentary Credits 

 Each Documentary Credit Lender agrees, on the terms and
subject to the conditions of this Agreement, to issue Documentary Credits for the account of the applicable Documentary Credit Borrower from time to time on any Business Day prior to the Relevant Repayment Date in respect of the Revolving Credit
Facility to such Documentary Credit Borrower. It is hereby acknowledged and agreed that each of the Existing Documentary Credits described in Schedule N shall constitute a “Documentary Credit” for all purposes under this Agreement
and shall be deemed to be issued under this Agreement as of the Effective Date.  
  

	Section 4.02	Issue Notice 

  

	 	(1)	 Each Issue shall be made on notice (an “Issue Notice”) given by the applicable Documentary Credit Borrower to the Administrative
Agent and the Documentary Credit Lender from which such Documentary Credit Borrower is requesting the issuance of a Documentary Credit not later than 12:00 p.m. (New York time) on the number of days’ notice specified in Schedule 5. The Issue
Notice shall be in substantially the form of Schedule 4, shall be irrevocable and binding on the applicable Documentary Credit Borrower once given by it to the Administrative Agent and such Documentary Credit Lender, and shall specify (i) the
requested date of Issue (the “Issue Date”); (ii) the Type of Documentary Credit; (iii) the Face Amount and currency of the Documentary Credit; (iv) the expiration date of the Documentary Credit; and (v) the name
and address of the Beneficiary. 

  

	 	(2)	 Each applicable Documentary Credit Borrower shall repay, and there shall become due and payable on the Issue Date, the principal amount of any
Accommodations Outstanding made to such Borrower which are to be converted in whole or in part, to Documentary Credits, and interest and all other amounts payable in respect thereof, all as if such conversion were a prepayment of such Advances
pursuant to Article 2. 

  

	Section 4.03	Form of Documentary Credits 

 Each Documentary Credit shall (i) be dated the Issue
Date; (ii) have an expiration date on a Business Day which occurs not later than one year from the Issue Date (provided that any such Documentary Credit may, in the sole discretion of the applicable Documentary Credit Lender, provide for
automatic renewal thereof for any stated period or periods of up to one year in duration in the absence of a timely notice of termination by the issuer of such Documentary Credit) (but in any event not later than the Relevant Repayment Date in
respect of the Revolving 

  
 - 68 - 

 
Credit Facility); (iii) comply with the definition of Documentary Credit; and (iv) be on the standard documentary forms required by the issuing Documentary Credit Lender. 

 

	Section 4.04	Documentary Credit Reports 

 Each Documentary Credit Lender shall furnish to the
Administrative Agent on each Business Day a written report summarizing all Documentary Credit activity including issuances, increases, draws and the aggregate undrawn Face Amount (in the applicable currency and Equivalent U.S. $ Amount) and
expiration dates of Documentary Credits issued by such Documentary Credit Lender as of such Business Day. 
  

	Section 4.05	Procedure for Issuance of Documentary Credits 

  

	 	(1)	 Not later than 12:00 p.m. (local time at the place of Issue) on an applicable Issue Date, the issuing Documentary Credit Lender will complete and
issue an appropriate Type of Documentary Credit (i) dated the Issue Date; (ii) in favour of the Beneficiary; (iii) in a Face Amount and currency equal to the amount referred to in Section 4.02(1); and (iv) with the maturity date
as specified by the applicable Borrower in its Issue Notice. 

  

	 	(2)	 No Documentary Credit shall require payment against a conforming draft to be made hereunder on the same Business Day upon which such draft is
presented, if such presentation is made after 10:00 a.m. (New York time) on such Business Day. 

  

	 	(3)	 Prior to the Issue Date, the applicable Documentary Credit Borrower shall specify precise description of the documents and the verbatim text of any
certificates or the form of any documents to be presented by the Beneficiary which, if presented by the Beneficiary, would require the issuing Documentary Credit Lender to make payment under the Documentary Credit. The issuing Documentary Credit
Lender may, before the issue of the Documentary Credit and in consultation with the applicable Documentary Credit Borrower, require changes in any such document or certificate. 

 

	Section 4.06	Payments of Amounts Drawn 

  

	 	(1)	 On the Business Day of a drawing, the Documentary Credit Lender shall notify the Documentary Credit Borrower and the Administrative Agent of such
drawing. Within one Business Day following the date of such drawing under a Documentary Credit, the applicable Documentary Credit Borrower shall pay to such Documentary Credit Lender an amount in same day funds equal to the amount so drawn in the
currency in which such Documentary Credit is payable. 

  

	 	(2)	 If the applicable Documentary Credit Borrower fails to pay to the applicable Documentary Credit Lender an amount, in same day funds, equal to the
amount of such drawing, then (i) such Documentary Credit Lender shall so notify the 

  
 - 69 - 

	 	 
Administrative Agent, (ii) such Borrower shall be deemed to have given a Borrowing Notice to the Administrative Agent, requesting an ABR Advance under the Revolving Credit Facility in an
amount equal to the amount of such drawing (a “Documentary Credit Borrowing”); (iii) the Revolving Credit Lenders shall on the date of such drawing make such Advance, ratably under the Revolving Credit Facility; and
(iv) the Administrative Agent shall pay the proceeds thereof to the applicable Documentary Credit Lender as reimbursement for the amount of such drawing. 

 

	 	(3)	 With respect to ABR Advances made pursuant to Section 4.06(2), the interest rate and Applicable Margin for such advances shall be applied until
such advances are repaid in full. 

  

	 	(4)	 Each applicable Revolving Credit Lender shall be required to make the Advances referred to in Section 4.06(2) notwithstanding (i) the amount
of the Advance may not comply with the minimum amount required for Borrowings hereunder; (ii) whether any conditions specified in Article 5 are then satisfied; (iii) whether a Default or Event of Default has occurred and is continuing;
(iv) the date of such Advance; and (v) any reduction in or termination of the Revolving Credit Commitment. 

  

	Section 4.07	Risk of Documentary Credits 

  

	 	(1)	 In determining whether to pay under a Documentary Credit, a Documentary Credit Lender shall be responsible only to determine that the documents and
certificates required to be delivered under the Documentary Credit have been delivered and that they comply on their face with the requirements of the Documentary Credit. 

 

	 	(2)	 The reimbursement obligation of a Documentary Credit Borrower under any Documentary Credit shall be unconditional and irrevocable and shall be paid
strictly in accordance with the terms of this Agreement under all circumstances, including (i) any lack of validity or enforceability of a Documentary Credit; (ii) the existence of any claim, set off, defence or other right which any
Person may have at any time against a Beneficiary, the Documentary Credit Lender or any other Person, whether in connection with the Credit Documents and the transactions contemplated therein or any other transaction (including any underlying
transaction between a Documentary Credit Borrower and a Beneficiary); (iii) any certificate or other document presented with a Documentary Credit proving to be forged, fraudulent or invalid or any statement in it being untrue or inaccurate;
(iv) the existence of any act or omission or any misuse of, a Documentary Credit or misapplication of proceeds by the Beneficiary, including any fraud in any certificate or other document presented with a Documentary Credit unless, with respect
to the foregoing provisions of this Section 4.07(2), before payment of a Documentary Credit, (x) the applicable 

  
 - 70 - 

	 	 
Documentary Credit Borrower has delivered to the Documentary Credit Lender a written notice of the fraud together with a written request that it refuse to honour such drawing, (y) the fraud
by the Beneficiary has been established to the knowledge of the Documentary Credit Lender so as to make the fraud clear or obvious to the Documentary Credit Lender, and (z) in the case of fraud in the underlying transaction between the
Documentary Credit Borrower and the Beneficiary, the fraud is of such character as to make the demand for payment by the Beneficiary under the Documentary Credit a fraudulent one; or (v) the existence of a Default or Event of Default.

  

	 	(3)	 The Documentary Credit Lender shall not be responsible for (i) the validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Documentary Credit or the rights or benefits under it or proceeds of it, in whole or in part, which may prove to be invalid or ineffective for any reason; (ii) errors, omissions, interruptions or delays in
transmission or delivery of any messages by mail, telecopy or otherwise; (iii) errors in interpretation of technical terms; (iv) any loss or delay in the transmission of any document required in order to make a drawing; and (v) any
consequences arising from causes beyond the control of the Documentary Credit Lender, including the acts or omissions, whether rightful or wrongful, of any Governmental Authority. None of the above shall affect, impair, or prevent the vesting of any
of the Documentary Credit Lenders’ rights or powers under this Agreement. Any action taken or omitted by the Documentary Credit Lender under or in connection with any Documentary Credit or the related certificates, if taken or omitted in good
faith, shall not put the Documentary Credit Lender under any resulting liability to Open Text or any Documentary Credit Borrower provided that the Documentary Credit Lender acts in accordance with the standards of reasonable care specified in the
Uniform Customs and Practice for Documentary Credits (1993 Revision), ICC Publication 500 (or any replacement publication). 

  

	Section 4.08	Repayments 

  

	 	(1)	 If a Documentary Credit Borrower is required to repay the Accommodations Outstanding pursuant to Article 8, then such Borrower shall pay to the
Administrative Agent an amount equal to the Documentary Credit Lender’s contingent liability in respect of (i) any outstanding Documentary Credit; and (ii) any Documentary Credit which is the subject matter of any order, judgment,
injunction or other such determination (a “Judicial Order”) restricting payment under and in accordance with such Documentary Credit or extending the Documentary Credit Lender’s liability under such Documentary Credit beyond
its stated expiration date. 

  

	 	(2)	 The Documentary Credit Lender shall, with respect to any Documentary Credit, upon the later of: 

  
 - 71 - 

	 	(a)	 the date on which any final and non appealable order, judgment or other such determination has been rendered or issued either terminating the
applicable Judicial Order or permanently enjoining the Documentary Credit Lender from paying under such Documentary Credit; and 

  

	 	(b)	 the earlier of (i) the date on which either (x) the original counterpart of the Documentary Credit is returned to the Documentary Credit
Lender for cancellation, or (y) the Documentary Credit Lender is released by the Beneficiary from any further obligations, and (ii) the expiry (to the extent permitted by any Law) of the Documentary Credit; 

pay to the applicable Documentary Credit Borrower an amount equal to the amount by which the amount paid to the Administrative
Agent pursuant to Section 4.08(1) exceeds the amounts paid by the Documentary Credit Lender under the Documentary Credit. 
  

	Section 4.09	Fees 

  

	 	(1)	 The Documentary Credit Borrowers under the Revolving Credit Facility shall pay to the Administrative Agent, for the account of the Documentary
Credit Lenders under the Revolving Credit Facility, a Documentary Credit Fee with respect to each Documentary Credit issued under the Revolving Credit Facility calculated on the basis of the daily average of the undrawn Face Amount of each such
Documentary Credit and a year of 365 or 366 days, as the case may be, and payable quarterly in arrears on the first Business Day of each Financial Quarter in respect of the prior Financial Quarter and in the same currency as such Documentary Credit.

  

	 	(2)	 The Documentary Credit Borrowers under the Revolving Credit Facility shall pay to each Documentary Credit Lender under the Revolving Credit
Facility its (i) set-up fees, cable charges and other customary miscellaneous charges (as agreed to by the applicable Documentary Credit Borrowers and the applicable Documentary Credit Lender in advance) in respect of the issue of Documentary
Credits by it and upon the amendment or transfer of each Documentary Credit and each drawing made thereunder; and (ii) documentary and administrative charges for amending, transferring or drawing under, as the case may be, Documentary Credits
of a similar amount, term and risk (as agreed to by the applicable Documentary Credit Borrowers and the applicable Documentary Credit Lender in advance). 

  

	 	(3)	 Commencing on the date hereof to the Relevant Repayment Date in respect of the Revolving Credit Facility, each Revolving Credit Borrower shall pay
to the Administrative Agent for the ratable benefit of the Revolving Credit Lenders a Documentary Credit Participation Fee on each such Revolving Credit Lender’s Applicable Percentage of the daily average of the undrawn Face Amount of each

  
 - 72 - 

	 	 
Documentary Credit outstanding under the Revolving Credit Facility as set forth in Schedule 6. All Documentary Credit Fees will be payable quarterly in arrears on the first Business Day of each
Financial Quarter in respect of the prior Financial Quarter, and upon any termination of any Commitment under the Revolving Credit Facility, in each case for the actual number of days elapsed over a year of 365 or 366 days, as applicable.

  

	Section 4.10	Existing Letters of Guarantee 

  

	 	(1)	 Notwithstanding the requirements otherwise set forth in this Section 4.10, on the Effective Date, each letter of guarantee issued and outstanding
under the terms of the Existing Credit Facility shall automatically be deemed to be a Documentary Credit under the Revolving Credit Facility, to be governed by the terms hereof, except as to those provisions contained in any such letter of guarantee
as in effect on the Effective Date, if any, that may be inconsistent with the terms hereof. 

 ARTICLE 5 

CONDITIONS OF LENDING 
  

	Section 5.01	Conditions Precedent to Effective Date 

 This Agreement and the amendment and restatement
to the Existing Credit Agreement shall become effective upon the satisfaction of the following conditions precedent: 
 (1)
the Term Loan Facility, including all principal and accrued interest and other amounts payable with respect thereto, shall have been paid in full in cash; and 

(2) the Administrative Agent shall have received a reasonably satisfactory opinion of counsel to the Loan Parties (which may
be internal counsel thereof with respect to corporate matters) in each jurisdiction as is relevant to confirm that (a) this Agreement constitutes a binding and enforceable agreement of each Loan Party party hereto and (b) if the Effective
Date occurs more than 365 days after the Second Amendment Effective Date, the Encumbrances created by the Credit Documents continue in force and effect, remain perfected and secure the Obligations under this Agreement and the other Credit Documents
(and, for purposes of this Section 5.01(2), opinions shall be reasonably satisfactory to the Administrative Agent if their form and scope on the subject matter described in (a) and (b) (if applicable) are consistent with the legal
opinions previously delivered by counsel to the Loan Parties in connection with Amendment No. 2). 
  

	Section 5.02	Conditions Precedent to All Accommodations 

  

	 	(1)	 The obligation of each Lender to make Accommodations or otherwise give effect to any Accommodation Notice hereunder shall be subject to the
conditions precedent that on the date of such Accommodation Notice and Accommodation, and immediately after giving effect thereto and to the application of any proceeds 

  
 - 73 - 

	 	 
therefrom, (x) the representations and warranties contained in Article 6 are true and correct in all material respects on and as of such date, all as though made on and as of such date
except for those changes to the representations and warranties which have been disclosed to and accepted by the Administrative Agent and the Lenders pursuant to Section 17.01 and any representation and warranty which is stated to be made as of a
certain date (and then as of such date);and (y) no event or condition has occurred and is continuing, or would result from such Accommodation or giving effect to such Accommodation Notice, which constitutes a Default or an Event of Default.

  

	 	(2)	 Each of the giving of any Accommodation Notice by a Borrower and the acceptance by a Borrower of any Accommodation shall be deemed to constitute a
representation and warranty by such Borrower that, on the date of such Accommodation Notice or Accommodation, as the case may be, and after giving effect thereto and to the application of any proceeds therefrom, the statements set forth in Section
5.02(1) are true and correct. 

  

	 	(3)	 For the avoidance of doubt, this Section 5.02 shall not apply to conversions or elections in respect of Accommodations under Section 3.03 or 3.04.

  

	Section 5.03	No Waiver 

 The making of an Accommodation or otherwise giving effect to any
Accommodation Notice hereunder, without the fulfillment of one or more conditions set forth in Section 5.02 shall not constitute a waiver of any such condition, and the Administrative Agent and the Lenders reserve the right to require
fulfillment of such condition in connection with any subsequent Accommodation Notice or Accommodation. 
 ARTICLE 6 

REPRESENTATIONS AND WARRANTIES 
  

	Section 6.01	Representations and Warranties 

 The Loan Parties represent and warrant to each Lender,
on the Effective Date and on each date required by Section 5.02, acknowledging and confirming that each Lender is relying thereon without independent inquiry in entering into this Agreement and providing Accommodations hereunder, that: 

 

	 	(1)	 Incorporation and Qualification. Each Loan Party and each of its Subsidiaries is duly incorporated or formed, continued or amalgamated as
the case may be, and validly existing under the laws of the jurisdiction of its organization (which, as of the Second Amendment Effective Date, is set forth in Schedule A ) and each is duly qualified, licensed or registered to carry on business
under the Laws applicable to it in all jurisdictions in which the nature of its Assets or business makes such qualification necessary and where failure to be so qualified, licensed,

  
 - 74 - 

	 	 
registered, duly incorporated, formed or continued or amalgamated would have a Material Adverse Effect. 

  

	 	(2)	 Corporate Power. Each Loan Party and each of its Subsidiaries (i) has all requisite corporate or other power and authority to own and
operate its properties and Assets and to carry on the Business carried on by it and any other business as now being conducted by it, except to the extent that any failure of the foregoing would not reasonably be expected to have a Material Adverse
Effect; and (ii) has all requisite corporate or other power and authority to enter into and perform its obligations under this Agreement and the other Credit Documents to which it is a party. 

 

	 	(3)	 Conflict with Other Instruments. The execution and delivery of the Credit Documents by each Loan Party which is a party thereto and the
performance by each Loan Party of its respective obligations hereunder and compliance with the terms, conditions and provisions thereof, will not (i) conflict with or result in a breach of any of the terms, conditions or provisions of
(w) its constating documents or by-laws, (x) any Law, (y) any material contractual restriction binding on or affecting it or its properties, or (z) any judgment, injunction, determination or award which is binding on it; or
(ii) result in, require or permit (x) the imposition of any Encumbrance in, on or with respect to the Assets now owned or hereafter acquired by it (other than pursuant to the Security Documents or which is a Permitted Encumbrance),
(y) the acceleration of the maturity of any material Debt binding on or affecting it, or (z) any third party to terminate or acquire any rights materially adverse to the applicable Loan Party under any Material Agreement except where such
conflict, result, requirement or permission would not reasonably be expected to have a Material Adverse Effect. 

  

	 	(4)	 Authorization, Governmental Approvals, etc. The execution and delivery of each of the Credit Documents by each Loan Party which is a party
thereto and the performance by each such Loan Party of its respective obligations hereunder and thereunder have been duly authorized by all necessary corporate, partnership or analogous action and no Authorization, under any Law, and no
registration, qualification, designation, declaration or filing with any Governmental Authority, is or was necessary therefor or to perfect the same, except as are in full force and effect, unamended except for Permitted Exceptions and where failure
to obtain or make such Authorization, qualification, designation, declaration or filing with any Governmental Authority would not reasonably be expected to have a Material Adverse Effect. 

 

	 	(5)	 Execution and Binding Obligation. This Agreement and the other Credit Documents have been duly executed and delivered by each Loan Party
which is a party thereto and constitute legal, valid and binding obligations of such Loan Party, enforceable against it in accordance with their respective terms, subject only to any limitation under Laws relating to (i) bankruptcy, insolvency,

  
 - 75 - 

	 	 
reorganization, moratorium or creditors’ rights generally; and (ii) general equitable principles including the discretion that a court may exercise in the granting of equitable
remedies. 

  

	 	(6)	 Financial Condition; No Material Adverse Effect. Open Text has furnished to the Lenders (i) GAAP audited consolidated balance sheets and
related statements of income, changes in equity and cash flows of Open Text for the three most recent fiscal years ended at least 90 days prior to the Second Amendment Effective Date; and (y) GAAP unaudited consolidated balance sheets and
related statements of income, changes in equity and cash flows of Open Text for each subsequent fiscal quarter after June 30, 2014, ended at least 45 days before the Second Amendment Effective Date. Except as otherwise publicly disclosed prior
to the Second Amendment Effective Date, since June 30, 2014, there has been no event, development or circumstance of which any Loan Party is aware that has had or would reasonably be expected to have a Material Adverse Effect. All information
(including that disclosed in all financial statements) pertaining to the Loan Parties (other than projections) (the “Information”) that has been or will be made available to the Lenders or the Administrative Agent by Open Text is or
will be, when furnished, complete and correct in all material respects and does not or will not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained
therein not materially misleading in light of the circumstances under which such statements are made. The projections that have been or will be made available to the Lenders or the Administrative Agent by Open Text have been or will be prepared in
good faith based upon reasonable assumptions. 

  

	 	(7)	 Litigation. Except as disclosed in Schedule B or I, there are no actions, suits or proceedings (including any Tax-related matter) by or
before any arbitrator or Governmental Authority or by any elected public official or by any other Person pending against or, to the knowledge of any Loan Party, threatened against or affecting any Loan Party or any of its Subsidiaries (i) that
would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, or (ii) that involve this Agreement or any other Credit Document and that is not being contested by the Loan Parties in good faith by
appropriate proceedings or that constitutes an Event of Default. Except with respect to the Disclosed Matter(s) and except any other matters that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
Effect, none of the Loan Parties or any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any Environmental Permit, (ii) to the knowledge of any Loan Party, has become subject to
any Environmental Liability, (iii) has received written notice of any claim with respect to any Environmental Liability, or (iv) knows of any basis for any Environmental Liability. 

  
 - 76 - 

	 	(8)	 Location of Business. As of the Second Amendment Effective Date, the only jurisdictions (or registration districts within such
jurisdictions) in which any Loan Party has any place of business or stores any material tangible personal property are as set forth in Schedule C. 

  

	 	(9)	 Material Permits. Each Loan Party possesses all Material Permits as may be necessary to properly conduct its respective business. Each such
Material Permit is (i) in full force and effect, (ii) not subject to any dispute, and (iii) is not in default, except to the extent that the failure to be in full force and effect, such dispute or such default would not reasonably be
expected to have a Material Adverse Effect. As of the Second Amendment Effective Date, all Material Permits of the Loan Parties are listed in Schedule G. 

  

	 	(10)	 Trademarks, Patents, etc. Other than Intellectual Property owned by customers of the Loan Parties or licenced by the Loan Parties from third
parties, and except as set forth in Schedule D, each Loan Party is the registered and beneficial owner of, with good and marketable title, free of all Encumbrances other than Permitted Encumbrances, to all material patents, patent applications,
trade-marks, trade mark applications, trade names, service marks, copyrights, industrial designs, integrated circuit topographies, or other analogous rights with respect to the foregoing and other similar property, used in or necessary for the
present and planned future conduct of its business, without any conflict with the rights of any other Person, other than as listed on Schedule D, or other than to the extent that the absence of such title or the existence of such conflicts would not
reasonably be expected to have a Material Adverse Effect. As of the Second Amendment Effective Date, all material patents, trade-marks, trade names, service marks, copyrights, industrial designs, integrated circuit topographies, and other similar
rights owned by any Loan Party, are described in Schedule D (collectively, the “Intellectual Property Rights”). As of the Second Amendment Effective Date, except as set forth in Schedule D, no claim has been asserted and is pending
by any Person with respect to the use by any Loan Party of any intellectual property or challenging or questioning the validity, enforceability or effectiveness of any intellectual property necessary for the conduct of the business of any Loan
Party, except for any such claim that would not reasonably be expected to have a Material Adverse Effect. Except as disclosed in Schedule D or except as would not reasonably be expected to have a Material Adverse Effect, (i) each Loan Party has
the right to use the intellectual property which such Loan Party owns, (ii) all applications and registrations for such intellectual property are current, and (iii) to the knowledge of all Loan Parties, the conduct of each Loan
Party’s business does not infringe the intellectual property rights of any other Person. 

  

	 	(11)	 Ownership of Property. Each Loan Party owns its Assets, and with respect to any material immovable or real property of the Loan Parties,
with good and marketable title thereto (excluding any defects in title that do not materially impair the value of such property to such Loan Party), free and clear of all 

  
 - 77 - 

	 	 
Encumbrances, except for Permitted Encumbrances and except where the failure to have such title described above could not reasonably be expected to have a Material Adverse Effect. As of the
Second Amendment Effective Date, none of the Loan Parties owns any immovable or real property other than the Owned Real Property. 

  

	 	(12)	 Leased Properties. As of the Second Amendment Effective Date, each lease of the Loan Parties (other than any lease which is not material to
the operations of the Loan Parties taken as a whole) is in good standing in all material respects and all amounts owing thereunder have been paid by the applicable Loan Party except any such amount the payment obligation in respect of which is in
bona fide dispute. 

  

	 	(13)	 Insurance. All policies of fire, liability, workers’ compensation, casualty, flood, business interruption and other forms of insurance
owned or held by each Loan Party are (a) sufficient for compliance, in all material respects, with all requirements of Law, and (b) provide adequate insurance coverage in at least such amounts and against at least such risks (but including
in any event public liability) as are usually insured against in the same general area by companies engaged in the same or a similar business for the assets and operations of such Loan Party. All such material policies are in full force and effect
in all material respects, and no notice of cancellation or termination has been received with respect to any such policy, except for any such notice the effect of which would be that the foregoing provisions of this clause (13) would be true
and correct in all material respects. None of the Loan Parties maintains any formalized self-insurance or co-insurance program with respect to its assets or operations or material risks with respect thereto, other than as consented to by the
Majority Lenders, acting reasonably. 

  

	 	(14)	 Compliance with Laws. Except with respect to Disclosed Matters, each Loan Party and each of its Subsidiaries is in compliance with all Laws,
except for non-compliance which would not reasonably be expected to have a Material Adverse Effect. 

  

	 	(15)	 No Default. None of the Loan Parties is in default nor has any event or circumstance occurred which, but for the passage of time or the
giving of notice, or both, would constitute a default under any loan or credit agreement, indenture, mortgage, deed of trust, security agreement or other instrument or agreement evidencing or pertaining to any Debt of any Loan Party, or under any
material agreement or instrument to which any Loan Party is a party or by which any Loan Party is bound, except where such default would not reasonably be expected to have a Material Adverse Effect. 

 

	 	(16)	 Subsidiaries, etc. Except as set forth in Schedule F, in each case as of the Second Amendment Effective Date, (i) no Loan Party has any
Subsidiaries, (ii) 

  
 - 78 - 

	 	 
Open Text is the direct or indirect beneficial owner of all of the issued and outstanding shares or partnership interests, as the case may be, of each other Loan Party, and (iii) no Person
(other than a Loan Party) has any right or option to purchase or otherwise acquire any of the issued and outstanding shares or partnership interests, as the case may be, of any such Loan Party. 

 

	 	(17)	 Canadian Benefit Plans. The Canadian Pension Plans are duly registered under the Income Tax Act (Canada) (the “ITA”)
and any other Laws which require registration, have been administered in accordance with the ITA and such other Laws and no event has occurred which would reasonably be expected to cause the loss of such registered status, except to the extent that
any failure to do so or such loss would not reasonably be expected to have a Material Adverse Effect. As of the date of this Agreement, no Canadian Pension Plan provides benefits determined on a defined benefit basis. All material obligations of
each Loan Party and each of its Subsidiaries (including fiduciary, funding, investment and administration obligations) required to be performed in connection with the Canadian Pension Plans and the funding agreements therefor have been performed on
a timely basis except to the extent that such non-performance would not reasonably be expected to have a Material Adverse Effect. As of the Second Amendment Effective Date, there are no outstanding disputes concerning the assets of any of the
Canadian Benefit Plans which would reasonably be expected to have a Material Adverse Effect. No promises of benefit improvements under any of the Canadian Benefit Plans have been made except where such improvement would not reasonably be expected to
have a Material Adverse Effect. All employer and employee payments, contributions or premiums required to be made or paid by each Loan Party or any of its Subsidiaries to the Canadian Benefit Plans have been made on a timely basis in accordance with
the terms of such plans and all Laws except to the extent failure to do so would not reasonably be expected to have a Material Adverse Effect. There have been no improper withdrawals or applications of the assets of the Canadian Benefit Plans that
would reasonably be expected to have a Material Adverse Effect. There has been no partial or full termination of any Canadian Pension Plan and no facts or circumstances have occurred or existed that could result, or be reasonably anticipated to
result, in the declaration of a partial or full termination of any of the Canadian Pension Plans under Law which would reasonably be expected to have a Material Adverse Effect. 

 

	 	(18)	 Material Agreements. As of the Second Amendment Effective Date, none of the Loan Parties is a party or otherwise subject to or bound or
affected by any Material Agreement, except as set out in Schedule H. Except as set forth in Schedule H or as otherwise notified to the Administrative Agent in accordance with Section 7.01(1)(c), all Material Agreements are in full force and effect,
unamended, and none of the Loan Parties, or to any Loan Party’s knowledge, any other party to any such agreement is in default with respect thereto, except to the 

  
 - 79 - 

	 	 
extent that any such failure, amendment or default would not reasonably expected to have a Material Adverse Effect. 

 

	 	(19)	 Books and Records. To and including the Second Amendment Effective Date, all books and records of each Loan Party and each of its Material
Subsidiaries have been fully, properly and accurately kept and completed in accordance with GAAP (to the extent applicable) in all material respects, and there are no inaccuracies or discrepancies of any kind contained or reflected therein that
would, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. 

  

	 	(20)	 Tax Liability. Each Loan Party and each of its Material Subsidiaries has timely filed or caused to be filed all returns in respect of
material Taxes and has paid or caused to be paid all material Taxes required to have been paid by it (including all installments with respect to the current period) and has made adequate provision for material Taxes for the current period (other
than Taxes that are being contested in good faith by appropriate proceedings and for which such Loan Party or such Material Subsidiary has, if required, set aside on its books adequate reserves in accordance with GAAP, or as to which waivers or
extensions have granted by the applicable Governmental Authority) and no tax liens have been filed and no claims are being asserted in writing with respect to any such Taxes, except to the extent that (a) any failure to so file or to make such
payment would not reasonably be expected to have a Material Adverse Effect or (b) in the case of any such tax liens or claims, such liens or the assertion of such claims do not materially impair the value, validity or the priority of the
security interests of the Lenders in the Collateral. 

  

	 	(21)	 Environmental Matters. To the knowledge of any Loan Party, except as disclosed to the Lenders in Schedule I, neither any property of any
Loan Party or any of its Subsidiaries, nor the operations conducted thereon violate any applicable order of any Governmental Authority or any Environmental Laws, which violation would reasonably be expected to result in remedial obligations having a
Material Adverse Effect. 

  

	 	(22)	 Margin Stock. None of the Loan Parties engages or intends to engage principally, or as one of its important activities, in the business of
extending credit for the purpose, immediately, incidentally or ultimately, of purchasing or carrying margin stock (within the meaning of Regulation U). No part of the proceeds of any Accommodation has been or will be used, immediately, incidentally
or ultimately, to purchase or carry any margin stock or to refund indebtedness originally incurred for such purpose, or for any other purpose, in each case under circumstances which would result in a violation of or which is inconsistent with
Regulation U. 

  
 - 80 - 

	 	(23)	 Investment Companies; Regulated Entities. None of the Loan Parties is an “investment company” registered or required to be
registered under the Investment Company Act of 1940 as defined in the Investment Company Act of 1940. None of the Loan Parties are subject to any other Federal or state statute or regulation limiting its ability to incur Indebtedness
for borrowed money. 

  

	 	(24)	 Solvency. Open Text and its Subsidiaries, taken as a whole and on a consolidated basis, are Solvent. 

 

	 	(25)	 Plans and Benefit Arrangements. 

  

	 	(a)	 Each Loan Party is in compliance with any applicable provisions of ERISA with respect to all Benefit Arrangements, Plans and Multiemployer Plans
except to the extent that failure to comply would not reasonably be expected to have a Material Adverse Effect. Each Loan Party has made when due all payments required to be made under any collective bargaining agreement relating to a Multiemployer
Plan or any Law pertaining thereto. With respect to each Plan and Multiemployer Plan, each Loan Party and each member of the ERISA Group (i) has fulfilled in all material respects their obligations under the minimum funding standards of ERISA,
(ii) has not incurred any liability to the PBGC (other than for payment of premiums), and (iii) has not had asserted against them any excise tax or civil penalty for failure to fulfill the minimum funding requirements of ERISA.

  

	 	(b)	 The conditions for imposition of a lien under Section 303(k) of ERISA have not been met with respect to any Plan. No reportable event within
the meaning of Section 4043 of ERISA has occurred with respect to any Plan unless the 30-day notice requirement has been waived by the PBGC with respect to such event. 

 

	 	(c)	 No Loan Party or member of the ERISA Group has instituted or intends to institute proceedings to terminate any Plan which is materially
underfunded. The PBGC has not instituted proceedings to terminate a Plan pursuant to Section 4042 of ERISA and no conditions exist that are likely to result in the termination of, or appointment of a trustee to administer, such Plan.

  

	 	(d)	 None of the Loan Parties nor any members of the ERISA Group has incurred or reasonably expects to incur any material withdrawal liability under
ERISA to any Multiemployer Plan. No Loan Party and no other member of the ERISA Group has been notified by any Multiemployer Plan that such Multiemployer Plan has been terminated within the meaning of Title IV of ERISA or has been determined to be
insolvent, in “endangered” or “critical” status within the meaning of Section 432 of the 

  
 - 81 - 

	 	 
Code or Section 305 of ERISA and, to the best knowledge of each Loan Party or member of the ERISA Group, no Multiemployer Plan is reasonably expected to be reorganized, insolvent or
terminated, within the meaning of Title IV of ERISA. 

  

	 	(e)	 No Foreign Plan Event has occurred that would reasonably be expected to have a Material Adverse Effect. 

 

	 	(26)	 Economic Sanctions; Anti-Money Laundering Laws. None of the Loan Parties or any of their Subsidiaries, nor, to the knowledge of any of them
without any investigation by any of them, any director, officer or employee of any of the Loan Parties or their Subsidiaries is, or is controlled or majority owned by Persons: (i) with whom dealings are restricted under any sanctions
administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control or the U.S. State Department, the United Nations Security Council, the European Union, Her Majesty’s Treasury or Canada (collectively,
“Sanctions”), or (ii) that are located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions (currently, Cuba, Iran, North Korea, Sudan and Syria); 

None of the Loan Parties or any of their Subsidiaries (a) is in violation of any applicable Sanctions or applicable
Anti-Terrorism Law, or 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 or applicable Sanctions
or (b) has used the proceeds of any Accommodation to make any direct or indirect unlawful payment to any foreign or domestic government official or employee, or “foreign official” (as defined in the Foreign Corrupt Practices Act of
1977, as amended, and the rules and regulations thereunder (collectively, the “FCPA”), in contravention of the FCPA, the Bribery Act 2010 of the United Kingdom, as amended, the Corruption of Foreign Public Officials Act
(Canada) (the “CFPOA”) or any other applicable anti-corruption or anti-bribery laws or statutes. 
  

	 	(27)	 Labour Matters. As of the Second Amendment Effective Date, there are no strikes or other labour disputes pending or, to any Loan
Parties’ knowledge, threatened against any Loan Party. Hours worked and payments made to the employees of the Loan Parties comply in all respects with all Law dealing with such matters except where non-compliance would not reasonably be
expected to have a Material Adverse Effect. 

  

	 	(28)	 Executive Offices & Collateral Locations. As of the Second Amendment Effective Date, if applicable, the current location in Canada
of (i) each chief executive office, principal place of business and domicile (within the meaning of 

  
 - 82 - 

	 	 
the Civil Code of Québec) of each Loan Party and their respective Subsidiaries, and (ii) the warehouses and premises at which any material Assets or Collateral is located, are as set
forth on Schedule A, and none of such locations has changed within two (2) months preceding the Second Amendment Effective Date. Each Loan Party that keeps records in the Province of Québec relating to Collateral, keeps duplicate copies
thereof at a location outside the Province of Québec as designated on Schedule A or otherwise disclosed in writing to the Administrative Agent, as applicable. 

 

	 	(29)	 Domestic Guarantor Security Matters 

  

	 	(a)	 Securities and Instruments. 

  

	 	(i)	 All Intercompany Securities and Intercompany Instruments owned by the Domestic Guarantors have been, where applicable, duly and validly issued and
acquired and, in the case of the Intercompany Securities and to the knowledge of the applicable Domestic Guarantors, are fully paid and non-assessable. As of the Second Amendment Effective Date, Schedule L sets out, for each class of such Securities
listed in such schedule, the percentage amount that such Securities represent of all issued and outstanding Securities of that class. 

  

	 	(ii)	 Except as described in the applicable issuer’s constating documents, no transfer restrictions apply to any Intercompany Securities or
Intercompany Instruments listed in Schedule L, which, as of the Second Amendment Effective Date, sets forth a complete list of Intercompany Securities and Intercompany Instruments. The Domestic Guarantors have delivered to the Collateral Agent or
the Administrative Agent, copies of all shareholder, partnership, limited liability company or trust agreements applicable to each issuer of such Securities and Instruments which are in the Loan Parties’ possession or control.

  

	 	(iii)	 Except as described in the applicable issuer’s constating documents or Schedule A, as of the Second Amendment Effective Date, no Person has or
will have any written or oral option, warrant, right, call, commitment, conversion right, right of exchange or other agreement or any right or privilege (whether by Law, pre-emptive or contractual) capable of becoming an option, warrant, right,
call, commitment, conversion right, right of exchange or other agreement to acquire any right or interest in any of the Intercompany Securities and Intercompany Instruments owned by the Domestic Guarantors. 

 

	 	(iv)	 The Intercompany Instruments owned by the Domestic Guarantors constitute, where applicable, the legal, valid and binding obligation of the obligor
of such Instruments, enforceable in accordance with their terms, 

  
 - 83 - 

	 	 
subject only to any limitation under applicable laws relating to (i) bankruptcy, insolvency, fraudulent conveyance, arrangement, reorganization or creditors’ rights generally, and
(ii) the discretion that a court may exercise in the granting of equitable remedies. 

  

	 	(v)	 The grants of security and deliveries to the Collateral Agent or the Administrative Agent by the Domestic Guarantors in certificated Securities
constituting Collateral pursuant to the Security Documents to which such Domestic Guarantors are party create valid and perfected security interests in such certificated Securities, and the proceeds of them. Subject to Permitted Encumbrances, such
Securities and the proceeds from them are not subject to any prior Encumbrance or any agreement purporting to grant to any third party an Encumbrance on the property or assets of the Domestic Guarantors which would include the Securities.

  

	Section 6.02	Survival of Representations and Warranties 

 The representations and warranties herein
set forth or contained in any certificates or notices delivered to the Administrative Agent and the Lenders pursuant hereto shall not merge in or be prejudiced by and shall survive any Accommodation hereunder and shall continue in full force and
effect (as of the date when made or deemed to be made) so long as any amounts are owing by any of the Borrowers to the Lenders hereunder. 

ARTICLE 7 
 COVENANTS OF
THE LOAN PARTIES 
  

	Section 7.01	Affirmative Covenants 

 So long as any amount owing hereunder remains unpaid or any
Lender has any obligation under this Agreement, and unless consent or waiver is given in accordance with Section 17.01 hereof, each Loan Party shall: 
  

	 	(1)	 Reporting Requirements. During the term of this Agreement, prepare (where applicable, in accordance with GAAP) and deliver to the
Administrative Agent on behalf of the Lenders, in a form not objected to by the Majority Lenders, acting reasonably: 

  

	 	(a)	 Financial Reporting 

  

	 	(i)	 as soon as practicable and in any event within 50 days of the end of each Financial Quarter of Open Text (excluding the fourth Financial Quarter),
the interim unaudited consolidated financial statements of Open Text as at the end of such Financial Quarter prepared in accordance with GAAP including, without limitation, a balance sheet, statement of income and retained earnings and a statement
of changes in financial position in each case as at the end of and for such Financial Quarter and the then elapsed 

  
 - 84 - 

	 	 
portion of the Financial Year which includes such Financial Quarter, setting forth in each case in comparative form the figures for the corresponding period or periods of (or in the case of the
balance sheet, as at the end of) the previous Financial Year, in each case subject to year-end adjustments and the absence of footnotes; 

  

	 	(ii)	 as soon as practicable and in any event within 90 days after the end of each Financial Year of Open Text, the annual audited consolidated financial
statements of Open Text prepared in accordance with GAAP including, without limitation, a balance sheet, statement of income and retained earnings and a statement of changes in financial position for such Financial Year (which financial statements
shall be audited by a nationally recognized accounting firm), setting forth in each case in comparative form the figures for the previous Financial Year; 

  

	 	(iii)	 concurrently with the delivery of the financial statements contemplated in (i) and (ii) above, a Compliance Certificate in respect of
such Financial Quarter in the form attached hereto as Schedule 7; 

  

	 	(iv)	 as soon as available and in any event within 90 days after the end of each Financial Year (in each case, approved by the board of directors of Open
Text) an Annual Business Plan in respect of Open Text and its Subsidiaries, on a consolidated basis, in each case, for the current Financial Year, provided that a preliminary draft of such plan shall have been delivered to the Administrative Agent
not later than 75 days after the end of each Financial Year; and 

  

	 	(v)	 the foregoing financial information shall be presented in United States dollars. 

Information required to be delivered pursuant to clauses (i) and (ii) above shall be deemed to have been delivered if such
information shall be available on the website of the Securities and Exchange Commission at http://www.sec.gov and Open Text shall have notified the Administrative Agent of the availability of such financial information. 

 

	 	(b)	 Environmental Reporting. Promptly, and in any event within 30 days of each occurrence, (i) notify the Administrative Agent of any
proceeding or order before any Governmental Authority requiring any Loan Party or any of its Subsidiaries to comply with or take action under any Environmental Laws which would reasonably be expected to have a Material Adverse Effect if not taken;
and (ii) notify the Administrative Agent of any environmental occurrence of which it has knowledge which would reasonably be expected to materially and adversely affect the Loan Parties

  
 - 85 - 

	 	 
that does not require notification under clause (i) above, together with each delivery of financial statements pursuant to Section 7.01(1)(a). 

 

	 	(c)	 Additional Reporting Requirements. Deliver to the Administrative Agent (with sufficient copies for each of the Lenders) (i) as soon as
possible, and in any event within five days after any Loan Party becomes aware of the occurrence of each Default or Event of Default, a statement of Responsible Officer of such Loan Party or any other officer acceptable to the Administrative Agent
setting forth the details of such Default or Event of Default and the action which such Loan Party proposes to take or has taken with respect thereto; (ii) from time to time upon request of the Administrative Agent, acting reasonably, evidence
of maintenance of all insurance required to be maintained by Section 7.01(7), including such originals or copies as the Administrative Agent may reasonably request of policies, certificates of insurance and endorsements relating to such insurance
and proof of premium payments; (iii) if the total acquisition cost (including the purchase price and any assumed indebtedness but excluding any out-of-pocket expenses) of any Permitted Acquisition is greater than U.S. $65,000,000, at the
reasonable request of the Administrative Agent, the applicable Borrower shall provide further information regarding such Permitted Acquisition to the Administrative Agent; and (iv) together with the Compliance Certificate to be delivered
pursuant to Section 7.01(1)(a)(iii), written notice of any previously undisclosed, (r) Material Subsidiaries of Open Text, (s) Material Permits which become necessary for the conduct of the Business by the Loan Parties or any material
amendment to, or termination of, any previously disclosed Material Permit, (t) pension plans of any Loan Party, (u) Material Agreements of any Loan Party or any material amendment to, termination of or material default under any previously
disclosed Material Agreement, (v) any acquisition of real or immovable property by any Loan Party (excluding leases entered into in the ordinary course of business), and (w) any material Intellectual Property Rights; (x) to the extent
necessary for perfection of security interests in any material amount of tangible personal property under the PPSA, notice of any new location of such tangible personal property to the extent located in a jurisdiction within Canada as to which no
effective PPSA financing statement has been filed in favour of the Collateral Agent or the Administrative Agent over the Assets of the applicable Loan Party; and (y) such other information respecting the condition or operations, financial or
otherwise, of the business of any of the Loan Parties as the Administrative Agent, on behalf of the Lenders, may from time to time reasonably request. 

  

	 	(2)	 Existence; Conduct of Business. Do and cause each of its Material Subsidiaries to, do or cause to be done all things necessary to preserve,
renew and keep in full force and effect its legal existence (subject only to Section 7.02(3)), and except to 

  
 - 86 - 

	 	 
the extent that the failure to do so would not reasonably be expected to result in a Material Adverse Effect, obtain, preserve, renew and keep in full force and effect any and all Material
Permits. 

  

	 	(3)	 Payment Obligations. Pay and cause each of its Material Subsidiaries to pay all material Tax liabilities and other obligations that, if not
paid, would reasonably be expected to result in a Material Adverse Effect, in each case, before the same shall become materially delinquent or in material default, except where (a) the validity or amount thereof is being contested in good faith
by appropriate proceedings, (b) such Loan Party or such Material Subsidiary has, if required, set aside on its books adequate reserves with respect thereto in accordance with GAAP, and (c) the failure to make payment pending such contest
would not reasonably be expected to result in a Material Adverse Effect. 

  

	 	(4)	 Maintenance of Properties. Keep and maintain, and cause each of its Material Subsidiaries to keep and maintain, all real and personal
property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except to the extent that the failure to do so, individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect. 

  

	 	(5)	 Books and Records; Inspection Rights. Keep, and cause each of its Material Subsidiaries to keep, proper books of record and account in which
entries, that are full, true and correct in all material respects, are made of all dealings and transactions in relation to its business and activities. Permit, and cause each of its Material Subsidiaries to permit, any representatives designated by
the Administrative Agent or any Lender, upon reasonable prior notice and during normal business hours, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition
with its officers and independent accountants; provided that (a) except during the continuance of an Event of Default, only one such visit, inspection, examination and discussion (which shall be limited to the Administrative Agent, the
Lenders and their designated representatives, collectively, and not individually) shall be permitted during a Financial Year at the expense of Open Text, to be coordinated through the Administrative Agent upon at least five days’ prior notice,
such visit to be limited to the chief executive office of Open Text and such other locations as may be reasonably agreed with Open Text and (b) during the continuance of an Event of Default, a visit or reasonable number of visits shall be
permitted to locations other than the chief executive office that are reasonably related to the applicable Event of Default at the expense of Open Text. 

  

	 	(6)	 Compliance with Laws and Material Contracts. Comply with, and cause each of its Material Subsidiaries to comply with, all Laws and orders of
any Governmental Authority applicable to it or its property and with all Material Agreements, except, in each case, where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 

  
 - 87 - 

	 	(7)	 Insurance. Maintain, and cause each of its Material Subsidiaries to maintain or cause to be maintained, with financially sound and reputable
insurers, insurance with respect to their respective properties and business against such liabilities, casualties, risks and contingencies and in such types (including business interruption insurance) and amounts as is customary in the case of
Persons engaged in the same or similar businesses and similarly situated and in accordance with any requirement of any Governmental Authority. In the case of any fire, accident or other casualty causing loss or damage to any properties of any Loan
Party used in generating cash flow or if required by Law, all proceeds of such policies shall be used promptly to repair or replace any such damaged properties. Each Loan Party will maintain in effect and deliver to the Administrative Agent from
time to time, when necessary to ensure that they are current and when otherwise required by the Credit Documents, endorsements to the policies pertaining to all physical properties in which the Collateral Agent, the Administrative Agent or the
Lenders shall have an Encumbrance under the Credit Documents, naming the Administrative Agent as a loss payee, as its interests appear, and evidencing that such policies are subject to the standard mortgage clause approved by the Insurance Bureau of
Canada (as applicable), and containing provisions that such policies will not be cancelled without 30 days prior written notice having been given by the insurance company to the Administrative Agent. 

 

	 	(8)	 Operation and Maintenance of Property. Manage and operate, and cause each of its Material Subsidiaries to manage and operate, its business
or cause its business to be managed and operated (i) in accordance with prudent industry practice in all material respects and in compliance in all material respects with the terms and provisions of all Material Permits, and (ii) in
compliance with all applicable Laws of the jurisdiction in which such businesses are carried on, and all applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such
businesses, except where a failure to do so would not reasonably be expected to have a Material Adverse Effect. 

  

	 	(9)	 Status of Accounts and Collateral. With respect to the Collateral, report immediately to the Administrative Agent any matters materially
adversely affecting the value, enforceability or collectability of any of the Collateral where such matter would reasonably be expected to have a Material Adverse Effect. 

 

	 	(10)	 Cure Defects. Promptly cure or cause to be cured any material defects in the execution and delivery of any of the Credit Documents or any of
the other agreements, instruments or documents required to be executed and/or delivered pursuant thereto or any material defects in the validity or enforceability of any of the Credit Documents and, at its expense, execute and deliver or cause to be
executed and delivered all such agreements, instruments and other documents as 

  
 - 88 - 

	 	 
the Administrative Agent, acting reasonably, may consider necessary for the foregoing purposes. 

  

	 	(11)	 Additional Loan Parties/Security. In each case subject to Permitted Exceptions, if, at any time on or after the Effective Date, any Loan
Party creates or acquires a Subsidiary (other than an Excluded Subsidiary) or in some other fashion becomes the holder of any Equity Securities of a new Subsidiary (other than an Excluded Subsidiary), or, if any Excluded Subsidiary of a Loan Party
is designated as, or becomes, a Material Subsidiary: 

  

	 	(a)	 To the extent not prohibited or restricted by Law, the applicable Loan Party will promptly execute and deliver to the Administrative Agent a
securities pledge agreement, in form and substance satisfactory to the Administrative Agent acting reasonably, granting a security interest in 100% of the Equity Securities of such new or newly designated Subsidiary owned by such Loan Party;

  

	 	(b)	 To the extent not prohibited or restricted by Law, the applicable Loan Party will cause such new or newly designated Subsidiary to promptly execute
and deliver to the Administrative Agent a guarantee and security of the nature contemplated by Section 2.12, all in form and substance satisfactory to the Administrative Agent, acting reasonably and accompanied by customary legal opinions of counsel
to such Loan Party or such Subsidiary; and 

  

	 	(c)	 In connection with the execution and delivery of any guarantee, pledge agreement, mortgage, security agreement or analogous document pursuant to
this Section, the applicable Loan Party will, or will cause the applicable Subsidiary to, deliver to the Administrative Agent such corporate resolutions, certificates, legal opinions and such other related documents, including, in respect of real
property, reasonably satisfactory title insurance or a reasonably satisfactory title opinion and surveys, as shall be reasonably requested by the Administrative Agent and consistent with the relevant forms and types thereof delivered on the Original
Closing Date or as shall be otherwise reasonably acceptable to the Administrative Agent. Each guarantee, pledge agreement, mortgage, security agreement and any other analogous document delivered pursuant to this Section shall be deemed to be a
Security Document from and after the date of execution thereof. 

  

	 	(12)	 Material Permits. Maintain, and cause all of its Subsidiaries to maintain, all Material Permits as may be necessary to properly conduct
their respective businesses, the failure of which to maintain would reasonably be expected to have a Material Adverse Effect. 

  
 - 89 - 

	 	(13)	 [Reserved]. 

  

	 	(14)	 Notices Regarding Plans and Benefit Arrangements. 

 

	 	(a)	 Certain Events. Promptly upon, and in any event within 25 Business Days of becoming aware of the occurrence thereof, provide notice
(including the nature of the event and, when known, any action taken or threatened by the Internal Revenue Service or the PBGC with respect thereto) of: 

  

	 	(i)	 any reportable event (as defined in Section 4043(c) of ERISA) with respect to any Loan Party or any other member of the ERISA Group (other
than any reportable event notice of which to the PBGC has been waived), 

  

	 	(ii)	 any Prohibited Transaction which could subject any Loan Party to a material civil penalty assessed pursuant to Section 502(i) of ERISA or a
material tax imposed by Section 4975 of the Internal Revenue Code in connection with any Plan, any Benefit Arrangement or any trust created thereunder, which would reasonably be expected to have a Material Adverse Effect, 

 

	 	(iii)	 any assertion of withdrawal liability with respect to any Multiemployer Plan which would reasonably be expected to have a Material Adverse Effect,

  

	 	(iv)	 any partial or complete withdrawal from a Multiemployer Plan by any Loan Party or any other member of the ERISA Group under Title IV of ERISA (or
assertion thereof), where such withdrawal is likely to result in Material Adverse Effect, 

  

	 	(v)	 any cessation of operations at a facility by any Loan Party or any other member of the ERISA Group as described in Section 4062(e) of ERISA
which would reasonably be expected to have a Material Adverse Effect, 

  

	 	(vi)	 withdrawal by any Loan Party or any other member of the ERISA Group from a Multiple Employer Plan which would reasonably be expected to have a
Material Adverse Effect, 

  

	 	(vii)	 a failure by any Loan Party or any other member of the ERISA Group to make a payment to a Plan required to avoid imposition of a Lien under
Section 303(k) of ERISA, if the imposition of such Lien would have a Material Adverse Effect, or 

  

	 	(viii)	 any Foreign Plan Event that would reasonably be expected to have a Material Adverse Effect. 

  
 - 90 - 

	 	(b)	 Notices of Involuntary Termination and Annual Reports. Promptly, and in any event within 25 Business Days, after receipt thereof, deliver to
the Administrative Agent copies of (a) all notices received by any Loan Party or any other member of the ERISA Group of the PBGC’s intent to terminate any Plan administered or maintained by any Loan Party or any member of the ERISA Group,
or to have a trustee appointed to administer any such Plan; and (b) at the request of the Administrative Agent or any Lender, the most recently filed annual report (IRS Form 5500 series) and all accompanying schedules for any Plan, including
the most recent required audit maintained by any Loan Party or any other member of the ERISA Group, and schedules showing the amounts contributed to each such Plan by or on behalf of any Loan Party or any other member of the ERISA Group and each
Schedule SB (Actuarial Information) to the annual report filed by any Loan Party or any other member of the ERISA Group with the Department of Labor with respect to each such Plan. 

 

	 	(c)	 Notice of Voluntary Termination. Promptly, and in any event within 25 Business Days, upon the filing thereof, deliver to the Administrative
Agent copies of any Form 500, or any successor or equivalent form to Form 500, filed with the PBGC in connection with the termination of any Plan. 

  

	 	(d)	 Canadian Benefit Plans. For each existing, or hereafter adopted, Canadian Benefit Plan, the Borrowers shall cause its Subsidiaries to, in a
timely fashion, comply with and perform in all respects all of its obligations under and in respect of such Canadian Benefit Plan, including under any funding agreements and all applicable laws (including any applicable fiduciary, funding,
investment and administration obligations), except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided that all employer or employee payments, contributions or premiums required
to be remitted, paid to or in respect of each Canadian Benefit Plan shall be paid or remitted by the Borrowers or their Subsidiaries in a timely fashion in accordance with the terms thereof, any funding agreements and all Laws.

 The Borrowers shall deliver to Administrative Agent (i) if requested by Administrative Agent,
acting reasonably, copies of each annual and other return, report or valuation with respect to each Canadian Pension Plan as filed by any Borrower or any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) with any applicable
Governmental Authority and (ii) promptly after receipt thereof, a copy of any direction, order, notice, ruling or opinion that any Borrower or any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) may receive from any applicable
Governmental Authority with respect to any Canadian Pension Plan. 

  
 - 91 - 

	 	(15)	 Domestic Guarantor Security Matters 

  

	 	(a)	 Securities and Instruments. 

  

	 	(i)	 If any Intercompany Securities or Intercompany Instruments owned by a Domestic Guarantor are now or at any time become evidenced, in whole or in
part, by uncertificated securities registered or recorded in records maintained by or on behalf of the issuer thereof in the name of a clearing agency or a custodian or of a nominee of either, the applicable Domestic Guarantor will notify the
Administrative Agent in writing of such Securities and Instruments and, at the request and option of the Administrative Agent, (i) to the extent applicable under Law, cause an appropriate entry to be made in the records of the clearing agency
or custodian (if there is such an agency or Person) or the applicable securities register, as applicable, to record the interest of the Administrative Agent or its nominee (if the Administrative Agent or such nominee is a member of such clearing
agency) or otherwise as the Administrative Agent may reasonably direct in such Securities or Instruments created pursuant to the Security Documents or (ii) cause the Administrative Agent to have control over such Securities or Instruments.

  

	 	(ii)	 During the continuance of an Event of Default, if any Securities or Instruments (other than Intercompany Securities or Intercompany Instruments)
owned by a Domestic Guarantor are evidenced, in whole or in part, by uncertificated securities registered or recorded in records maintained by or on behalf of the issuer thereof in the name of a clearing agency or a custodian or of a nominee of
either, the applicable Domestic Guarantor will notify the Administrative Agent in writing of such Securities and Instruments (unless such notice previously has been given) and, at the request and option of the Administrative Agent, (i)cause an
appropriate entry to be made in the records of the clearing agency or custodian, as applicable, to record the interest of the Administrative Agent or its nominee (if the Administrative Agent or such nominee is a member of such clearing agency) or
otherwise as the Administrative Agent may reasonably direct in such Securities or Instruments created pursuant to the Security Documents or (ii) cause the Administrative Agent to have control over such Securities or Instruments.

  

	 	(iii)	 None of the Domestic Guarantors will, either before or after an Event of Default, make any entry in the records of a clearing agency or custodian
or the applicable securities register to record any security interest of any Person, other than the Collateral Agent, the Administrative Agent or any of their respective agents, in any Securities or Instruments owned by a Domestic Guarantor, or will
grant control to any Person other than the Collateral Agent, the Administrative Agent or any of their respective 

  
 - 92 - 

	 	 
agents or the agent of a Domestic Guarantor over such Securities or Instruments so long as such Domestic Guarantor is the owner thereof. 

 

	 	(iv)	 If any Domestic Guarantor acquires ownership of any Intercompany Securities or Intercompany Instruments, such Domestic Guarantor will notify the
Administrative Agent in writing and provide the Administrative Agent with a revised Schedule L recording the acquisition and particulars of such Instruments or Securities within 15 days after such acquisition. Upon request by the Administrative
Agent, such Domestic Guarantor will promptly deliver to and deposit with the Administrative Agent, or cause the Administrative Agent to have control over, all such Securities or Instruments as security for the Secured Obligations of the applicable
Domestic Guarantor pursuant to this Agreement and the other Credit Documents to which such Domestic Guarantor is party. 

  

	 	(v)	 Forthwith upon the occurrence of an Event of Default that is continuing, each Domestic Guarantor will provide the Administrative Agent with a list
of all Securities and Instruments (other than Intercompany Securities or Intercompany Instruments) held by it, and will notify the Administrative Agent of the acquisition by it of any additional Securities and Instruments (other than Intercompany
Securities or Intercompany Instruments). Upon request by the Administrative Agent during the continuance of an Event of Default, each Domestic Guarantor will promptly deliver to and deposit with the Administrative Agent, or cause the Administrative
Agent to have control over, all Securities or Instruments (other than Intercompany Securities or Intercompany Instruments) owned or held by such Domestic Guarantor, as security for the Secured Obligations of the applicable Domestic Guarantor
pursuant to this Agreement and the other Credit Documents to which such Domestic Guarantor is party. 

  

	 	(vi)	 Each Domestic Guarantor will ensure that no Person other than itself, its agent or another Person on its behalf, the Collateral Agent, the
Administrative Agent or any of their respective agents has possession of any certificated Securities or certificated Instruments owned by such Domestic Guarantor. 

 

	 	(vii)	 Each Domestic Guarantor will, with respect to any Securities or Instruments owned by it, at the request of the Administrative Agent (but, in the
case of Securities or Instruments that are not Intercompany Securities or Intercompany Instruments, such request shall only be made during the continuance of an Event of Default) (i) cause the transfer of such Securities or Instruments to the
Administrative Agent (or its nominee (if the Administrative Agent or such nominee is a member of such clearing agency) or otherwise as the Administrative Agent may reasonably direct) to be recorded in the records of a clearing agency or custodian,
if and as 

  
 - 93 - 

	 	 
applicable under Law, or on the applicable securities register or (ii) duly endorse such Securities or Instruments for transfer in blank or register them in the name of the Administrative
Agent or its nominee or otherwise as the Administrative Agent may reasonably direct, (iii) immediately deliver to the Administrative Agent any and all consents or other documents which may be necessary to effect the transfer of such Securities
or Instruments to the Administrative Agent or any third party and (iv) deliver to or otherwise cause the Administrative Agent to have control over such Securities or Instruments. 

 

	 	(b)	 Intellectual Property. Promptly following the request of the Administrative Agent, each Loan Party will furnish the Administrative Agent in
writing the description of all material Registered Intellectual Property or applications for material Registered Intellectual Property of such Loan Party. In addition, such Loan Party will deliver to the Administrative Agent a copy of the
certificate of or other document evidencing registration of, or application for, such Registered Intellectual Property, or such other form as may be necessary or appropriate under applicable Law, in respect of such Registered Intellectual Property
confirming the grant of security in such Registered Intellectual Property to the Collateral Agent or the Administrative Agent, as applicable, and promptly make all such filings, registrations and recordings as are necessary to preserve, protect and
perfect the Security Interest granted to the Collateral Agent or the Administrative Agent, as applicable, in such Registered Intellectual Property. 

  

	 	(c)	 Maintaining the Account Collateral. So long as any Accommodation or any other Secured Obligation secured by the Pledge and Security
Agreement (other than contingent indemnification claims as to which no valid demand has been made, “Unmatured Surviving Obligations”) of any Loan Party under any Credit Document shall remain unpaid or shall be outstanding, any
Eligible Cash Management Agreement or Eligible Hedging Agreement shall be in effect or any Lender Party shall have any Commitment: 

  

	 	(i)	 Each U.S. Grantor will maintain deposit accounts only with the financial institution acting as Administrative Agent or Collateral Agent hereunder
or with a bank (a “Pledged Account Bank”) that has agreed with such U.S. Grantor and the Administrative Agent or the Collateral Agent, as applicable, to comply with instructions originated by the Administrative Agent or the
Collateral Agent, as applicable, directing the disposition of funds in such deposit account without the further consent of such U.S. Grantor, such agreement in form and substance reasonably satisfactory to the Administrative Agent and such U.S.
Grantor (a “Deposit Account Control Agreement”); provided, however, that this Section 7.01(15)(c) 

  
 - 94 - 

	 	 
shall only apply to accounts maintained in the United States and shall not apply to deposit accounts (A) used solely as a tax or payroll account, escrow account, trust account, petty cash
account or flexible spending account, in each case maintained in the ordinary course of business or (B) or other deposit accounts to the extent that the aggregate amount on deposit with all such other deposit accounts does not exceed
U.S. $10,000,000, or such lower amount as may be required under the Term B Credit Agreement at any time. 

  

	 	(ii)	 The Administrative Agent may (or may request that the Collateral Agent), at any time during the continuance of an Event of Default, request that
each U.S. Grantor instruct each Person obligated at any time to make any payment to such U.S. Grantor for any reason (an “Obligor”) to make such payment to a Pledged Deposit Account or the Collateral Account, except that such U.S.
Grantor shall not be under such obligation with respect to Persons (i) making payments to a Pledged Deposit Account or Collateral Account as of the date hereof, (ii) making payments to such U.S. Grantor of less than $250,000 a year in the
aggregate, or (iii) making payments to accounts not purported to be subject to the security of the Guaranteed Parties in accordance with this Agreement, if any. 

 

	 	(iii)	 The Administrative Agent may (or may request that the Collateral Agent), at any time during the continuance of an Event of Default and without
notice to, or consent from, any U.S. Grantor, transfer, or direct the transfer of, funds from the Pledged Deposit Accounts to the Collateral Account to satisfy the Secured Obligations under the Security and Pledge Agreement and other Credit
Documents. 

  

	 	(iv)	 Upon any termination by a U.S. Grantor of any Pledged Deposit Account, such U.S. Grantor will promptly (i) to the extent transferred within
the United States, transfer all funds and property held in such terminated Pledged Deposit Account to another Pledged Deposit Account or the Collateral Account and (ii) notify all Obligors that were making payments to such Pledged Deposit
Account, to the extent future payments continue to be made within the United States, to make all future payments to another Pledged Deposit Account or the Collateral Account, in each case so that the Administrative Agent or the Collateral Agent, as
applicable, shall have a continuously perfected security interest in such Collateral Account, funds and property. 

  

	 	(d)	 Collections on Assigned Agreements and Instruments. Except as otherwise provided in this Section 7.01(15)(d), each U.S. Grantor will
continue to collect, at its own expense, all amounts due or to become due to such U.S. Grantor under the Assigned Agreements, Receivables and Related Contracts (each such term being used herein as defined in the

  
 - 95 - 

	 	 
Security and Pledge Agreement). In connection with such collections, such U.S. Grantor may take (and, at the Administrative Agent’s direction upon the occurrence and during the continuance
of an Event of Default, will take) such action as such U.S. Grantor or the Administrative Agent may deem necessary or advisable to enforce collection of the Assigned Agreements, Receivables and Related Contracts; provided, however, that the
Administrative Agent shall have the right at any time, upon the occurrence and during the continuance of an Event of Default and upon written notice to such U.S. Grantor of its intention to do so, to notify the Obligors under any Assigned Agreements
or Instruments of the assignment of such Assigned Agreements and Instruments to the Administrative Agent and to direct such Obligors to make payment of all amounts due or to become due to such U.S. Grantor thereunder directly to the Administrative
Agent and, upon such notification and at the expense of such U.S. Grantor, to enforce collection of any such Assigned Agreements and Instruments to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent
as such U.S. Grantor might have done, and to otherwise exercise all rights with respect to such Assigned Agreements and Instruments, including, without limitation, those set forth in Section 9-607 of the UCC. After receipt by any U.S. Grantor
of the notice from the Administrative Agent referred to in the proviso to the preceding sentence upon the occurrence and during the continuance of an Event of Default, (i) all amounts and proceeds (including, without limitation, instruments)
received by such U.S. Grantor in respect of the Assigned Agreements and Instruments of such U.S. Grantor shall be deemed to be received in trust for the benefit of the Administrative Agent hereunder, shall be segregated from other funds of such U.S.
Grantor and shall be forthwith paid over to the Administrative Agent in the same form as so received (with any necessary endorsement) to be deposited in the Collateral Account and either (A) released to such U.S. Grantor on the terms set forth
in Section 5 of the Security and Pledge Agreement so long as no Event of Default shall have occurred and be continuing or (B) if any Event of Default shall have occurred and be continuing, applied as provided in Section 14(b) of the
Security and Pledge Agreement and (ii) upon notice from the Administrative Agent in connection with the enforcement of its rights and remedies under the Credit Documents, such U.S. Grantor will not adjust, settle or compromise the amount or
payment of any Receivable or amount due on any Instrument, release wholly or partly any Obligor thereof or allow any credit or discount thereon. No U.S. Grantor will permit or consent to the subordination of its right to payment under any of the
Assigned Agreements or Instruments to any other indebtedness or obligations of the Obligor thereof. 

  
 - 96 - 

	 	(e)	 Commercial Tort Claims. Each U.S. Grantor will promptly give notice to the Administrative Agent of any commercial tort claim of such U.S.
Grantor that may arise after the date hereof with an anticipated recovery of at least $1,000,000 and will immediately execute or otherwise authenticate a supplement to the Security and Pledge Agreement, and otherwise take all action reasonably
necessary to subject such commercial tort claim to the security interest created under such Security Document. 

  

	 	(16)	 Financial Assistance. Each Loan Party shall comply, in each case in all material respects, with sections 151 to 158 (inclusive) of the
Companies Act 1985 of England and Wales (if applicable) and all other applicable laws and regulations relating to financial assistance by a company for the acquisition or subscription for shares or relating to protection of shareholders’
capital in other applicable jurisdictions, including in relation to the execution and performance of the Credit Documents and the payment of amounts due under the Credit Documents. 

 

	 	(17)	 [Reserved]. 

  

	Section 7.02	Negative Covenants 

 So long as any amount owing hereunder remains unpaid or any Lender
has any obligation under this Agreement, and unless consent or waiver is given in accordance with Section 17.01 hereof, no Loan Party shall: 
  

	 	(1)	 Debt. Create, incur, assume or suffer to exist, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to create,
incur, assume or suffer to exist, any Debt other than Permitted Debt. 

  

	 	(2)	 Encumbrances. Create, incur, assume or suffer to exist, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to
create, incur, assume or suffer to exist, any Encumbrance on any of its or their, as the case may be, respective Assets, other than Permitted Encumbrances. 

  

	 	(3)	 Fundamental Changes. Merge into or amalgamate or consolidate with, or permit any of its Material Subsidiaries to merge into, amalgamate or
consolidate with any other Person, or permit any other Person to merge into or amalgamate or consolidate with it, or liquidate, dissolve or be wound up, except that, if at the time thereof and immediately after giving effect thereto no Default or
Event of Default shall have occurred and be continuing, (i) any Loan Party may merge into, or amalgamate or consolidate with, any other Loan Party, (ii) any Loan Party or any of its wholly-owned Subsidiaries may be wound up into any Loan
Party if such Loan Party determines in good faith that such winding up is in the best interests of such Loan Party, (iii) and any wholly-owned Subsidiary of any Loan Party may merge into, or amalgamate or consolidate with, any Loan Party, so
long as the surviving or continuing entity is a Loan Party; and (iv) any Immaterial 

  
 - 97 - 

	 	 
Subsidiary may merge into or amalgamate or consolidate with, any Subsidiary or liquidate, dissolve or be wound up into any Subsidiary. 

 

	 	(4)	 Carry on Business. Engage in any business or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to engage in any
business, other than the Business and businesses which are the same as or related, ancillary, incidental or complementary to the Business. 

  

	 	(5)	 Disposal of Assets Generally. Dispose of, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to Dispose of, any
Assets to any Person, other than Permitted Dispositions, so long as (other than in respect of a Permitted Disposition described in clause (ii) of the definition thereof) no Event of Default has occurred and is continuing or would result
therefrom. 

  

	 	(6)	 Transactions with Affiliates. Dispose of, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to Dispose of, any
Assets to, or purchase, lease or otherwise acquire any Assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) in the ordinary course of business at prices and on terms and conditions not more
restrictive to such Loan Party or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions between or among Loan Parties not involving any other Affiliate, (c) any Restricted
Payments permitted by Section 7.02(8) or any intercompany Debt and interest thereon expressly excluded from the definition of Restricted Payment and (d) as otherwise permitted pursuant to this Agreement and the Credit Documents. The foregoing
restrictions shall not apply to: (i) the payment of reasonable and customary fees to directors of Open Text who are not employees of Open Text, (ii) any other transaction with any employee, officer or director of the Loan Parties pursuant
to employee profit sharing and/or benefit plans and compensation and non-competition arrangements in amounts customary for corporations similarly situated to the Loan Parties and entered into in the ordinary course of business and approved by the
board of directors of the applicable Loan Party, or (iii) any reimbursement of reasonable out-of-pocket costs incurred by an Affiliate of Open Text on behalf of or for the account of Open Text or any of the Loan Parties. 

 

	 	(7)	 Restrictive Agreements. Directly or indirectly enter into, incur or permit to exist, or permit any of its Subsidiaries (other than Exempt
Immaterial Subsidiaries) to directly or indirectly enter into, incur or permit to exist, any agreement or other arrangement, that prohibits, restricts or imposes any condition upon (a) the ability of such Loan Party or such Subsidiary to
create, incur or permit to exist any Encumbrance upon any of its Assets pursuant to the Credit Documents, (b) the ability of such Loan Party or such Subsidiary to pay dividends or other distributions with respect to any Equity Securities or
with respect to, or measured by, its profits or to make or repay loans or advances to any Loan Party or to provide a guarantee of any Debt of any Loan Party pursuant to the Credit 

  
 - 98 - 

	 	 
Documents, (c) the ability of any Loan Party or any of its Subsidiaries to make any loan or advance to the Loan Parties, or (d) the ability of any Loan Party or any of its Subsidiaries
to sell, lease or transfer any of its property to any other Loan Party; provided that the foregoing shall not apply to (i) restrictions and conditions existing on the Second Amendment Effective Date identified on Schedule K (but shall
apply to any amendment or modification expanding the scope of, any such restriction or condition), to (ii) customary restrictions and conditions contained in agreements relating to the sale of a Loan Party or any of its Subsidiaries or any of
their respective Assets pending such sale and such restrictions and conditions apply only to the Loan Party, Subsidiary or the Assets that are to be sold and such sale is permitted hereunder; (iii) restrictions or conditions imposed by any
agreement relating to secured Debt permitted by this Agreement if such restrictions or conditions apply only to the Assets securing such Debt; and (iv) customary provisions in leases and other ordinary course contracts restricting the
assignment or pledge thereof or the Assets that are the subject thereof. 

  

	 	(8)	 Restricted Payments. Declare, make or pay or agree to declare, make or pay, or permit any of its Subsidiaries (other than Exempt Immaterial
Subsidiaries) to declare, make or pay, or agree to declare, make or pay, directly or indirectly, any Restricted Payment, except (a) the declaration and payment of dividends with respect to the Equity Securities of Open Text payable solely in
additional Equity Securities, (b) Restricted Payments by any Subsidiary of a Loan Party to its parent entity or entities (so long as, in the case of a non-wholly owned Subsidiary, such Restricted Payments are made at least ratably to the
applicable parent which is a Loan Party), (c) regularly scheduled payments in respect of Permitted Debt, (d) Restricted Payments by the Loan Parties pursuant to and in accordance with stock option plans, profit sharing plans, employment
agreements and/or other benefit plans for the directors or officers of Open Text and its Subsidiaries, provided that the aggregate amount of cash payments made by the Loan Parties in any Financial Year pursuant to all such stock option plans,
profit sharing plans and other compensation benefit plans shall not exceed reasonable commercial amounts, (e) Restricted Payments by the Loan Parties and their Subsidiaries, in an aggregate amount not to exceed in any Financial Year 35% of
Consolidated EBITDA for such Financial Year, (f) Restricted Payments by the Loan Parties in an aggregate amount not to exceed $100,000,000 in any Financial Year and (g) the declaration and payment of dividends or other distributions with
respect to, and the purchase, redemption or other acquisition of the Equity Securities of a Subsidiary of Open Text that is a Loan Party to another Subsidiary of Open Text that is not a Loan Party, so long as after giving effect thereto,
(x) the Loan Parties would be in compliance with the financial covenant set forth in Section 7.03 on a pro forma basis and (y) no Default or Event of Default has occurred and is continuing or would result therefrom.

  
 - 99 - 

	 	(9)	 Investments. Purchase, hold or acquire, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to purchase, hold or
acquire (including pursuant to any amalgamation with any Person that was not a wholly-owned Subsidiary prior to such amalgamation), any Equity Securities, evidences of indebtedness or other securities (including any option, warrant or other right to
acquire any of the foregoing) of, make or permit to exist any loans or advances to, guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one
transaction or a series of transactions) any assets of any other Person, except: 

  

	 	(a)	 investments by a Loan Party in the Equity Securities of any other Loan Party; 

 

	 	(b)	 loans or advances made by any Loan Party to any other Loan Party; 

 

	 	(c)	 at any time that no Default or Event of Default has occurred and is continuing, or would result therefrom, investments by a Loan Party in the
Equity Securities of an Excluded Subsidiary or loans or advances made by a Loan Party to an Excluded Subsidiary (other than investments, loans or advances existing as of the Second Amendment Effective Date), provided that the aggregate amount
outstanding of all such investments, loans or advances made by all Loan Parties does not at any time exceed U.S. $200,000,000 at any time (plus trade payables and amounts paid on account of services rendered, in each case, in the ordinary
course of business), such amount to be determined net of Investment Credits received from Excluded Subsidiaries; 

  

	 	(d)	 Permitted Debt; 

  

	 	(e)	 Investments acquired pursuant to a Permitted Acquisition; 

 

	 	(f)	 Investments existing on the Second Amendment Effective Date in the Equity Securities listed on Schedule F and any security into which such Equity
Securities or such converted security may be converted from time to time; 

  

	 	(g)	 Investments consisting of the repurchase of shares of Open Text to the extent permitted under Section 7.02(8); 

 

	 	(h)	 Permitted Investments; and 

  

	 	(i)	 at any time that no Default or Event of Default has occurred and is continuing, or would result therefrom, other Investments in any Person engaged
in a business that is the same as or related, ancillary, incidental or complementary to any business carried on by a Loan Party that are not otherwise permitted hereunder not to exceed U.S. $130,000,000 at any

  
 - 100 - 

	 	 
time, such amount to be determined net of Investment Credits received from all such Persons. 

  

	 	(10)	 Acquisitions. Make any Acquisition, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to make any Acquisition,
other than, and provided no Default or Event of Default has occurred and is continuing, or would result therefrom, a Permitted Acquisition. 

  

	 	(11)	 Subsidiaries. Create or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to create, purchase, hold or acquire
(including pursuant to any amalgamation with any Person that was not a wholly-owned Subsidiary prior to such amalgamation), any Subsidiary unless, except as otherwise provided for in this Agreement, such Subsidiary is a wholly-owned Subsidiary.

  

	 	(12)	 Lease-Backs. Except as otherwise provided for in this Agreement and the Sale-Leaseback Transaction on market terms involving the Assets
located at 5347 West 161st Street, Brook Park, Ohio, enter into, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to enter into, any arrangement, directly or indirectly, with any Person whereby any such Loan Party or
such Subsidiary shall sell or transfer any property, whether now owned or hereafter acquired, and whereby any such Loan Party or such Subsidiary shall then or thereafter rent or lease as lessee such property or any part thereof or other property
which such Loan Party intends to use for substantially the same purpose or purposes as the property sold or transferred. 

  

	 	(13)	 Canadian Pension Plan Compliance. (a) Terminate, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to
terminate, any Canadian Pension Plan in a manner, or take any other action with respect to any Canadian Pension Plan, which would reasonably be expected to have a Material Adverse Effect, (b) fail to make, or permit any of its Subsidiaries
(other than Exempt Immaterial Subsidiaries) to fail to make, full payment when due of all amounts which, under the provisions of any Canadian Pension Plan, agreement relating thereto or Law, Open Text or any other Loan Party is required to pay as
contributions thereto if such failure would reasonably be expected to have a Material Adverse Effect, (c) contribute to or assume an obligation to contribute to, or permit any Loan Party (other than any Loan Party acquired as a result of a
Permitted Acquisition) to contribute to or assume an obligation to contribute to, any pension plan which provides benefits determined on a defined benefit basis or, if such Loan Party is liable for funding defined benefits thereunder, any
“multi-employer pension plan” as such terms are defined in the Pension Benefits Act (Ontario), or (d) acquire, or permit any Loan Party to acquire, an interest in any Person if such Person sponsors, maintains or contributes to,
or, at any time in the six-year period preceding such acquisition has sponsored, maintained, or contributed to any pension plan which provides benefits determined on a defined benefit basis or, if such Person is liable for funding defined benefits
thereunder, 

  
 - 101 - 

	 	 
any “multi-employer pension plan” as such terms are defined in the Pension Benefits Act (Ontario); provided that, Open Text or any other Loan Party may acquire an interest
in any such Person if such Person is acquired as a Permitted Acquisition and neither Open Text nor any of the Loan Parties has any legal liability to perform such Person’s obligations or assume such Person’s liabilities.

  

	 	(14)	 Amendments. Make (a) any amendments to its or any of its Subsidiaries’ (other than Exempt Immaterial Subsidiaries) constating
documents or by-laws (or other governing documents) which, taken as a whole, are adverse in any material respect to the Lenders’ interests, hereunder or the Encumbrances arising under or created by the Security Documents; (b) any
amendments to, or grant any waivers in respect of, Material Agreements or any guarantee or security in respect thereof in a manner that would materially and adversely affect the Lenders’ interests, taken as a whole, under the Credit Documents;
or (c) in the case of the Term B Credit Agreement, without limiting sub-clause (b) of this Section 7.02(14), any amendments to increase the principal amount of the Debt thereunder above the sum of U.S. $1,050,000,000 and the amount of Debt
that may be incurred pursuant to clause (o) of the definition of Permitted Debt or shorten the maturity or weighted average life to maturity thereof or make any provision thereof more restrictive to the Borrowers in any material respect than
the corresponding provision of this Agreement. 

  

	 	(15)	 Change of Auditors. Change its auditors other than to a nationally recognized accounting firm. 

 

	 	(16)	 Plan and Benefit Arrangements. Not and not permit any of its Subsidiaries or any other member of the ERISA Group to: 

 

	 	(a)	 fail to satisfy the minimum funding requirements of ERISA and the Internal Revenue Code with respect to any Plan if such failure has a Material
Adverse Effect; 

  

	 	(b)	 request a minimum funding waiver from the Internal Revenue Service with respect to any Plan; 

 

	 	(c)	 engage in a Prohibited Transaction with any Plan, Benefit Arrangement or Multiemployer Plan which, alone or in conjunction with any other
circumstances or set of circumstances resulting in liability under ERISA, would constitute a Material Adverse Effect; 

  

	 	(d)	 fail to make when due any contribution to any Multiemployer Plan that any Loan Party or any member of the ERISA Group may be required to make under
any agreement relating to such Multiemployer Plan, or any Law pertaining thereto, where any such failure results in a Material Adverse Effect; 

  
 - 102 - 

	 	(e)	 withdraw (completely or partially) from any Multiemployer Plan or withdraw (or be deemed under Section 4062(e) of ERISA to withdraw) from any
Multiple Employer Plan, where any such withdrawal results in a Material Adverse Effect; 

  

	 	(f)	 terminate, or institute proceedings to terminate, any Plan, where such termination results in a Material Adverse Effect; 

 

	 	(g)	 fail to make any contributions to any Plan which gives rise to the conditions for imposition of a lien under Section 303(k) of ERISA;

  

	 	(h)	 fail to give any and all notices and make all disclosures and governmental filings required under ERISA or the Internal Revenue Code, where such
failure results in a Material Adverse Effect; or 

  

	 	(i)	 permit the occurrence of any Foreign Plan Event that would reasonably be expected to result in a Material Adverse Effect. 

 

	 	(17)	 Speculative Transactions. Engage in, or permit any Material Subsidiary to enter into, any interest rate, currency rate, commodity hedge or
similar agreement, understanding or obligation, except in the normal course of business and not for speculative purposes. 

  

	 	(18)	 Change of Corporate Name or Location. Change or permit any of their Subsidiaries that are Loan Parties to change (a) its incorporated
name, or if not a corporation, its name as it appears in official filings in the jurisdiction of its organization, (b) change its chief executive office, principal place of business, domicile (within the meaning of the Civil Code of
Québec) (unless such change is within the same jurisdiction), (c) change the type of entity that it is, (d) change its jurisdiction of incorporation or organization or its corporate or organizational structure, and (e) in the
case of any Loan Party organized under the laws of a jurisdiction within the United States, change its organizational identification number, in each case, without at least fifteen (15) days prior written notice to Administrative Agent so that,
subject to Permitted Exceptions, Administrative Agent may take such actions as are necessary as a result thereof to continue the perfection and, in the case of the Province of Québec, publication, of any Encumbrances in favour of the
Collateral Agent or Administrative Agent in any Collateral. 

  

	 	(19)	 Share Capital. Except in a transaction otherwise permitted under this Agreement, permit any of its Subsidiaries (other than Exempt
Immaterial Subsidiaries) to issue any shares, or any options, warrants or securities convertible into shares, to the extent that such issuance would result in a reduction in the ownership percentage or such Loan Party in such Subsidiary.

  
 - 103 - 

	Section 7.03	Financial Covenants 

  

	 	(1)	 So long as any amount owing hereunder remains unpaid or any Lender has any obligations under this Agreement, and unless consent is given in
accordance with Section 17.01 hereof, Open Text shall: 

  

	 	(a)	 Consolidated Net Leverage Ratio. Maintain, as at the end of each Financial Quarter, a Consolidated Net Leverage Ratio of not greater than
4.00:1.00. 

 ARTICLE 8 

EVENTS OF DEFAULT 
  

	Section 8.01	Events of Default 

  

	 	(1)	 If any of the following events (each an “Event of Default”) shall occur and be continuing: 

 

	 	(a)	 a Borrower shall fail to pay any principal amount of the Accommodations Outstanding when such amount becomes due and payable;

  

	 	(b)	 a Borrower shall fail to pay any interest or Fees when the same become due and payable hereunder and such failure shall remain unremedied for five
Business Days; 

  

	 	(c)	 any representation or warranty made or deemed to be made by Open Text or any other Loan Party in this Agreement or any other Credit Document to
which it is a party shall prove to have been incorrect in any material respect when made or deemed to be made; 

  

	 	(d)	 Open Text shall fail to perform, observe or comply with any of the covenants contained in Section 7.01(2), Section 7.02 or Section 7.03;

  

	 	(e)	 Open Text shall fail to perform, observe or comply with any of the covenants contained in Section 7.01(1)(a) and such failure shall remain
unremedied for five Business Days; 

  

	 	(f)	 Open Text shall fail to perform, observe or comply with any of the covenants contained in Section 7.01(1)(b) or (c) or Section 7.01(3) and
such failure shall remain unremedied for fifteen Business Days; 

  

	 	(g)	 Open Text or any other Loan Party shall fail to perform or observe any other term, covenant or agreement contained in any Credit Document to which
it is a party (other than a covenant or agreement whose breach or default in performance is elsewhere in this Section 8.01 specifically dealt with) and such failure shall remain unremedied for 30 days after Open

  
 - 104 - 

	 	 
Text has received notice from the Administrative Agent of such failure to perform or observe; 

  

	 	(h)	 a Loan Party or any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) shall fail to pay the principal of or interest on any Debt
(excluding any Debt hereunder) which is outstanding in an aggregate principal amount exceeding U.S. $75,000,000 (or the equivalent amount in any other currency), when such amount becomes due and payable (whether by scheduled maturity, required
prepayment, acceleration, demand or otherwise) and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other breach, default or failure by a Loan Party shall
occur with respect to any other term of such Debt, and shall continue after the applicable grace period, if any, specified in any agreement or instrument relating to any such Debt, if the effect of such breach, default or failure is to cause or (in
the case of a breach, default or failure with respect to a matured term of the applicable Debt) permit the acceleration of such Debt; provided that no Event of Default under this Section 8.01(1)(h) shall occur or be continuing if such
failure, default or breach has been waived by the holder(s) or trustee or agent on behalf of such holder(s) of such Debt; 

  

	 	(i)	 any writ of execution or similar process is enforced or levied upon material Assets having a value of U.S. $75,000,000 (or the equivalent
amount in any other currency) or more, net of any amounts covered by an enforceable contract of insurance, of any Loan Party and remains undischarged, unvacated and unstayed for a period (for each action) of 60 days and, in any event, later than
five Business Days prior to the date of any proposed sale thereunder, provided that, during such period, such process is in good faith disputed by such Loan Party; 

 

	 	(j)	 any judgment or order for the payment of money in excess of U.S. $75,000,000 (or the equivalent amount in any other currency), net of any
amounts available for the satisfaction of such judgment or order pursuant to an enforceable contract of insurance, shall be rendered against any Loan Party or any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) and the same shall
remain undischarged, unvacated, unstayed and unbonded pending appeal for a period of 60 consecutive days from the entry thereof; 

  

	 	(k)	 any non-monetary judgment or order shall be rendered against any Loan Party or any of its Subsidiaries (other than Exempt Immaterial Subsidiaries)
that would be reasonably likely to have a Material Adverse Effect, and the same shall remain undischarged, unvacated, unstayed and 

  
 - 105 - 

	 	 
unbonded pending appeal for a period of 60 consecutive days during which execution shall not be stayed; 

  

	 	(l)	 any Loan Party or any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) (i) fails to generally pay its debts as such debts
become due; (ii) admits in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; (iii) institutes or has instituted against it any proceeding seeking (w) the possession,
foreclosure, seizure, retention, sale or other disposition of, or other proceedings to enforce security over, all or any substantial part of the Assets (having a value in excess of U.S. $75,000,000) of any Loan Party, (x) to adjudicate it
a bankrupt or insolvent, (y) any liquidation, winding-up, reorganization (in each case, other than as specifically permitted hereunder), arrangement (other than as specifically permitted hereunder), protection, relief or composition of it or
its debts under any Law relating to bankruptcy, insolvency, reorganization, incorporation law or relief of debtors including any plan of compromise or arrangement or other similar corporate proceeding involving or affecting its creditors, or
(z) the entry of an order for relief or the appointment of a receiver, trustee, interim receiver, receiver and manger, liquidator, custodian, sequestrate or other similar official for it or for any substantial part of its Assets (having a value
in excess of U.S. $75,000,000), and in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions sought in such
proceeding (including the entry of an order for relief against it or the appointment of a receiver, trustee, interim receiver, receiver and manger, liquidator, custodian, sequestrate or other similar official for it or for any substantial part of
its Assets (having a value in excess of U.S. $75,000,000)) shall occur; or (iv) the board of directors or other applicable governing body of any Loan Party adopts any resolution or otherwise authorizes action to approve any of the
foregoing actions; 

  

	 	(m)	 any Impermissible Qualification of the audited financial statements required to be delivered pursuant to Section 7.01(1); 

 

	 	(n)	 any of the Credit Documents executed and delivered by any Loan Party shall cease to be in full force and effect in any material respect (taken as a
whole) and such failure (i) relates to a material portion of the Collateral, and (ii) did not arise from the failure of the Administrative Agent or any Lender to take any action within its control (without limiting the Loan Parties’
obligations under Section 2.12(1), 7.01(1)(c) and 7.01(11)) and (iii) shall remain unremedied for 10 Business Days; or 

  
 - 106 - 

	 	(o)	 the validity of any of the Credit Documents or the applicability thereof to the Accommodations or any other Obligations purported to be secured or
guaranteed thereby or any part thereof shall be contested in writing by any Loan Party; 

 then, the
Administrative Agent may, and shall at the request of the Majority Lenders, by written notice to the Borrowers (i) terminate the Lenders’ obligations to make further Accommodations under the Revolving Credit Facility; and (ii) (at the
same time or at any time after such termination) declare the principal amount of all outstanding Advances, an amount equal to the Face Amount of each issued and outstanding Documentary Credit and all interest and Fees accrued thereon and all other
amounts payable under this Agreement in respect of the Revolving Credit Facility to be immediately due and payable, without presentment, demand, protest or further notice of any kind (except as required by Law), all of which are hereby expressly
waived by the Borrowers; provided that, upon the occurrence of an Event of Default under clause (l) above with respect to a Borrower, the Lender’s obligations to make further Accommodations under the Revolving Credit Facility shall
automatically terminate and all outstanding Advances, an amount equal to the Face Amount of each issued and outstanding Documentary Credit and all interest and Fees accrued thereon and all other amounts payable under this Agreement in respect of the
Revolving Credit Facility shall become immediately due and payable, with any presentment, demand, protest or notice of any kind from the Administrative Agent or any Lender. 
  

	Section 8.02	Remedies Upon Demand and Default 

  

	 	(1)	 Upon a declaration that the Accommodations Outstanding under the Revolving Credit Facility are immediately due and payable pursuant to Section
8.01, the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders, commence such legal action or proceedings as it, in its sole discretion, may deem expedient, including the commencement of enforcement
proceedings under the Security Documents or any other security granted by Open Text or any other Loan Party to the Collateral Agent, Administrative Agent or the Lenders, all without any additional notice, presentation, demand, protest, notice of
dishonour, entering into of possession of any of the Assets, or any other action or notice (except as required by Law), all of which the Loan Parties hereby expressly waive (to the extent enforceable under Law). 

 

	 	(2)	 The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other Credit Documents are cumulative and are in
addition to and not in substitution for any other rights or remedies. Nothing contained herein or in the Security Documents or any other security hereafter held by the Collateral Agent, Administrative Agent and the Lenders, with respect to the
indebtedness or liability of the Borrowers or any other Loan Party to the Administrative Agent and the Lenders, or any part thereof, nor any act or omission of the Administrative 

  
 - 107 - 

	 	 
Agent or the Lenders with respect to the Security Documents, the Collateral or such other security, shall in any way prejudice or affect the rights, remedies and powers of the Administrative
Agent and the Lenders hereunder or under the Security Documents or such Collateral. 

 ARTICLE 9

YIELD PROTECTION 
  

	Section 9.01	Increased Costs; Reserves on LIBOR Advances 

  

	 	(1)	 Increased Costs Generally. If any Change in Law shall: 

 

	 	(a)	 impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of,
deposits with or for the account of, or credit extended or participated in by, any Lender, including, without limitation, LIBOR funds or deposits; 

  

	 	(b)	 subject any Lender to any Tax of any kind whatsoever with respect to this Agreement or any Accommodations made by it, or change the basis of
taxation of payments to such Lender in respect thereof, except for (i) Indemnified Taxes or Other Taxes covered by Section 9.02 and (ii) the imposition, or any change in the rate, of any Excluded Tax payable by such Lender; or

  

	 	(c)	 impose on any Lender or the London applicable interbank market any other condition, cost or expense affecting this Agreement or Accommodations made
by such Lender; 

 and the result of any of the foregoing shall be to increase the cost to such Lender of
making, or maintaining any Accommodation (or of maintaining its obligation to make any such Accommodation), or to increase the cost to such Lender, or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of
principal, interest or any other amount), then upon request of such Lender, the applicable Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered.

  

	 	(2)	 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the applicable Borrower
shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense (excluding any loss, cost or expense arising from Taxes) incurred by it as a result of: 

 

	 	(a)	 any continuation, conversion, payment or prepayment of any Advance other than an ABR Advance on a day other than the last day of the Interest

  
 - 108 - 

	 	 
Period for such Advance (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

 

	 	(b)	 any failure by the applicable Borrower (for a reason other than the failure of such Lender to make an Advance) to prepay, borrow, continue or
convert any Advance other than an ABR Advance on the date or in the amount notified by the applicable Borrower; or 

  

	 	(c)	 any assignment of a LIBOR Advance on a day other than the last day of the Interest Period therefor as a result of a request by the applicable
Borrower pursuant to Section 9.03; 

 including any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Advance or from fees payable to terminate the deposits from which such funds were obtained; provided that, for the avoidance of doubt, the applicable Borrower shall not be obligated to
compensate any Lender under this Section for any loss of anticipated profits in respect of any of the foregoing. For purposes of calculating amounts payable by the applicable Borrower to the Lenders under this Section, each Lender shall be deemed to
have funded each LIBOR Advance made by it at the Eurodollar Rate excluding the impact of the last sentence of the “Eurodollar Rate” definition for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market
for a comparable amount and for a comparable period, whether or not such LIBOR Advance was in fact so funded. 
 For purposes
of calculating amounts payable by the applicable Borrower to the Lenders under this Section 9.01(2), each Lender shall be deemed to have funded each LIBOR Advance made by it at the Eurodollar Rate for such Loan by a matching deposit or other
borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such LIBOR Advance was in fact so funded. 
  

	 	(3)	 Liquidity or Capital Requirements. If any Lender determines that any Change in Law affecting such Lender or any lending office of
such Lender or such Lender’s holding company, if any, regarding liquidity or capital requirements has or would have the effect of reducing the rate of return on such Lender’s liquidity or capital or on the liquidity or capital of such
Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Accommodations made by such Lender, to a level below that which such Lender or its holding company could have achieved but for such
Change in Law (taking into consideration such Lender’s policies and the policies of its holding company with respect to liquidity or capital adequacy), then from time to time the applicable Borrower will pay to such Lender such additional
amount or amounts as will compensate such Lender or its holding company for any such reduction suffered. 

  
 - 109 - 

	 	(4)	 Certificates for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its
holding company, as the case may be, as specified in paragraph (1), (2) or (3) of this Section (“Additional Compensation”), including a description of the event by reason of which it believes it is entitled to such
compensation, and supplying reasonable supporting evidence and reasonable detail of the basis of calculation of the amount or amounts, and delivered to the applicable Borrower shall be conclusive absent manifest error. The applicable Borrower shall
pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. In the event the Lender subsequently recovers all or part of the Additional Compensation paid by the applicable Borrower, it shall promptly repay
an equal amount to the applicable Borrower. The obligation to pay such Additional Compensation for subsequent periods will continue until the earlier of termination of the Accommodation or the Commitment affected by the Change in Law, change in
capital or liquidity requirement or the lapse or cessation of the Change in Law giving rise to the initial Additional Compensation. A Lender shall make reasonable efforts to limit the incidence of any such Additional Compensation and seek recovery
for the account of the applicable Borrower upon such Borrower’s reasonable request at such Borrower’s expense, provided such Lender in its reasonable determination suffers no appreciable economic, legal, regulatory or other disadvantage.
Notwithstanding the foregoing provisions, a Lender shall only be entitled to rely upon the provisions of this Section 9.01 if and for so long as it is generally making corresponding demands for similar amounts for similarly situated borrowers
pursuant to provisions similar to the foregoing provisions of this Section 9.01 in other loan documents to which such Lender is party. 

  

	 	(5)	 Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver
of such Lender’s right to demand such compensation, except that the applicable Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs incurred or reductions suffered more than nine months prior to
the date that such Lender notifies the applicable Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefore, unless the Change in Law giving rise to such
increased costs or reductions is retroactive, in which case the nine-month period referred to above shall be extended to include the period of retroactive effect thereof. 

All of the Borrowers’ obligations under this Section 9.01 shall survive the payment in full of the other obligations hereunder and the
termination of this Agreement. 
  

	Section 9.02	Taxes 

  

	 	(1)	 Payments Subject to Taxes. Any and all payments by or on account of any obligation of the Borrowers hereunder or under any Credit Document
shall be 

  
 - 110 - 

	 	 
made free and clear and without reduction or withholding for any Indemnified Taxes or Other Taxes; provided that, if any Loan Party, the Administrative Agent or any Lender is required by
Law to deduct or pay any Indemnified Taxes or Other Taxes in respect of any payment by or on account of any obligation of a Loan Party hereunder or under any other Credit Document, then (i) the sum payable shall be increased by that Loan Party
when payable as necessary so that after making or allowing for all required deductions and payments (including deductions and payments applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be,
receives an amount equal to the sum it would have received had no such deductions or payments been required, (ii) the Loan Party shall make any such deductions required to be made by it under Law and (iii) the Loan Party shall timely pay
the full amount required to be deducted to the relevant Governmental Authority in accordance with Law. 

  

	 	(2)	 Payment of Other Taxes by the Borrowers. Without limiting the provisions of paragraph (1) above, the Borrowers shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with Law. 

  

	 	(3)	 Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent and each Lender, within 15 days after written
demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent or such Lender in
respect of any payment by or on account of any obligation of a Loan Party hereunder or under any other Credit Document 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 the applicable Borrower by a Lender (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. In the event the Lender subsequently recovers by obtaining a refund, credit or otherwise, all or part of the
payment made under this Section paid by the applicable Borrower, it shall promptly repay an equal amount to the applicable Borrower. A Lender shall make reasonable efforts to limit the incidence of any payments under this Section and seek recovery
for the account of the applicable Borrower upon such Borrower’s reasonable request at such Borrower’s expense, provided such Lender in its reasonable determination suffers no appreciable economic, legal, regulatory or other disadvantage
and further provided that nothing in this Section shall require a Lender to disclose any Tax returns of such Lender or any other Tax information which such Lender deems to be confidential. 

 

	 	(4)	 Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Loan Party to a Governmental
Authority, the Loan 

  
 - 111 - 

	 	 
Party shall deliver to the Administrative Agent 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 Administrative Agent. 

  

	 	(5)	 Status of Lenders. Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the
jurisdiction in which the applicable Borrower is resident for Tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Credit Document shall, at the request of the applicable Borrower,
deliver to the applicable Borrower (with a copy to the Administrative Agent), at the time or times prescribed by Law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed
by Law as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the applicable Borrower or the Administrative Agent, shall deliver such other documentation prescribed
by Law or reasonably requested by the applicable Borrower or the Administrative Agent as will enable the applicable Borrower or the Administrative Agent to determine whether or not such Lender is subject to withholding or information reporting
requirements. 

 Without limiting the generality of the foregoing, 

 

	 	(a)	 any Lender that is a “United States Person” as defined in Section 7701(a)(30) of the Code shall deliver to the applicable Borrower
and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the applicable Borrower or the Administrative Agent), executed originals
of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

  

	 	(b)	 any Foreign Lender shall deliver to the applicable Borrower and the Administrative Agent (in such number of copies as shall be requested by the
recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the applicable Borrower or the Administrative Agent), but only if such Foreign Lender is
legally entitled to do so, whichever of the following is applicable: 

  

	 	(i)	 executed originals of, as appropriate, Internal Revenue Service (“IRS”) Form W-8BEN or IRS Form W-8BEN-E (or any successor forms)
claiming eligibility for benefits of an income tax treaty to which the United States is a party; 

  

	 	(ii)	 executed originals of IRS Form W-8ECI (or any successor form), or 

  
 - 112 - 

	 	(iii)	 to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN,
IRS Form W-8BEN-E and/or other certification documents from each beneficial owner, as applicable; 

  

	 	(iv)	 in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a
certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) duly completed copies of IRS Form W-8BEN or IRS Form W-8BEN-E (or any successor forms);
and 

  

	 	(v)	 executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding
Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made. 

 

	 	(6)	 If a payment made by any Borrower hereunder or under any other Credit Document would be subject to United States federal withholding tax imposed
pursuant to FATCA if any Lender fails to comply with applicable reporting and other requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to such Borrower and the
Administrative Agent, at the time or times prescribed by applicable Law or as reasonably requested by such Borrower or the Administrative Agent, any documentation prescribed by applicable Law (including documentation prescribed by
Section 1471(b)(3)(c)(i) of the Code or such additional documentation reasonably requested by such Borrower or the Administrative Agent for such Borrower or the Administrative Agent to comply with its obligations under FATCA), to determine the
amount to withhold or deduct from such payment and to determine that such Lender has complied with such applicable reporting and other requirements of FATCA. 

  

	 	(7)	 For purposes of determining withholding Taxes imposed under FATCA, from and after the Second Amendment Effective Date, the Borrowers and the
Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Revolving Credit Facility as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation
Section 1.1471-2(b)(2)(i). This section 9.02(7) shall not affect the FATCA status of any other borrowing or facility under this Agreement, including the Term Loan Facility and borrowings thereunder. 

  
 - 113 - 

	 	(8)	 Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for
(i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so),
(ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 16.01(8) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case,
that are payable or paid by the Administrative Agent in connection with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such 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 any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set
off and apply any and all amounts at any time owing to such Lender under any Credit Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph
(8). 

 All of the Borrowers’ obligations under this Section 9.02 shall survive the payment in full of the other
obligations hereunder and the termination of this Agreement. 
  

	Section 9.03	Mitigation Obligations: Replacement of Lenders 

  

	 	(1)	 Designation of a Different Lending Office. If any Lender requests compensation under Section 9.01, or requires the applicable Borrower to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 9.02, then such Lender shall (at the request of the applicable Borrower) use reasonable efforts to designate a different lending
office for funding or booking its Accommodations hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender (with the prior consent of the applicable Borrower),
such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 9.01 or 9.02, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The applicable Borrower hereby agrees to pay all reasonable out-of-pocket costs and expenses incurred by any Lender in connection with any such designation or assignment. 

 

	 	(2)	 Replacement of Lenders. If any Lender requests compensation under Section 9.01, if the applicable Borrower is required to pay any material
additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 9.02, if any Lender’s obligations are suspended pursuant to Section 9.04, if any Lender becomes a Defaulting Lender or if any Lender
defaults in its obligation to fund Accommodations hereunder, then the applicable 

  
 - 114 - 

	 	 
Borrower may either, at its sole expense and effort, upon 10 days’ notice to such Lender and the Administrative Agent (i) repay all outstanding amounts due to such affected Lender (or
such portion which has not been acquired pursuant to clause (ii) below) and thereupon such Commitment of the affected Lender shall be permanently cancelled and the aggregate Commitment shall be permanently reduced by the same amount and the
Commitment of each of the other Lenders shall remain the same; or (ii) require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 16.01), all
of its interests, rights and obligations under this Agreement and the related Credit Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

  

	 	(a)	 The applicable Borrower pays the Administrative Agent the assignment fee specified in Section 16.01(2)(e); 

 

	 	(b)	 the assigning Lender receives payment of an amount equal to the outstanding principal of its Accommodations Outstanding and participations in
disbursements under Documentary Credits, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents (including any breakage costs and amounts required to be paid under this Agreement as
a result of prepayment to a Lender) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the applicable Borrower (in the case of all other amounts); 

 

	 	(c)	 in the case of any such assignment resulting from a claim for compensation under Section 9.01 or payments required to be made pursuant to Section
9.02, such assignment will result in a reduction in such compensation or payments thereafter; and 

  

	 	(d)	 such assignment does not conflict with Law. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such
Lender or otherwise, the circumstances entitling the applicable Borrower to require such assignment and delegation cease to apply. 
  

	Section 9.04	Illegality; Inability to Determine Rates 

  

	 	(1)	 If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or
its applicable lending office to make or maintain any Accommodations, or to determine or charge interest rates based upon any particular rate (other than any applicable default rate to the extent the same is not chargeable under Law) or any

  
 - 115 - 

	 	 
Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits as U.S. Dollars in the London interbank market (other than any
applicable default rate to the extent the same is not chargeable under Law), then, on notice thereof by such Lender to the applicable Borrower through the Administrative Agent, any obligation of such Lender with respect to the activity that is
unlawful shall be suspended until such Lender notifies the Administrative Agent and the applicable Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the applicable Borrower shall, upon
demand from such Lender (with a copy to the Administrative Agent), prepay or, if conversion would avoid the activity that is unlawful, convert any Accommodations, or take any necessary steps with respect to any Documentary Credit in order to avoid
the activity that is unlawful. Upon any such prepayment or conversion, the applicable Borrower shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a different lending office if such designation will
avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender. If any Lender determines, acting reasonably, that any applicable Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for such Lender to hold or benefit from an Encumbrance over real property pursuant to any Law of the United States or any state thereof, such Lender may notify the Administrative Agent and
disclaim any benefit of such security interest to the extent of such illegality; provided, that such determination or disclaimer shall not invalidate or render unenforceable such Encumbrance for the benefit of any other Lender.

  

	 	(2)	 If the Majority Lenders or Administrative Agent determine that for any reason in connection with any request for a LIBOR Advance or a conversion to
or continuation thereof that (a) U.S. Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and Interest Period of such LIBOR Advance, (b) adequate and reasonable means do not exist
for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed LIBOR Advance, or (c) the Eurodollar Rate for any requested Interest Period with respect to a proposed LIBOR Advance does not adequately and fairly
reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the applicable Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Advances shall be suspended until
the Administrative Agent (upon the instruction of the Majority Lenders) revokes such notice. Upon receipt of such notice, the applicable Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of LIBOR Advances or,
failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Advances in the amount specified therein. 

  
 - 116 - 

 ARTICLE 10

RIGHT OF SETOFF 
  

	Section 10.01	Right of Setoff. 

 If an Event of Default has occurred and is continuing, each of the
Lenders and each of their respective Affiliates hereby authorized at any time and from time to time to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other
obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of any Loan Party against any and all of the Obligations of the applicable Borrower, any Domestic Guarantor or any Foreign
Guarantor now or hereafter existing under this Agreement or any other Credit Document to such Lender, irrespective of whether or not such Lender has made any demand under this Agreement or any other Credit Document and although such Obligations of
the Loan Party may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender
shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.13 and, pending such payment, shall be
segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Documentary Credit Lender, and the Lenders, and (y) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each Documentary Credit Lender and their respective Affiliates
under this Section are in addition to other rights and remedies (including other rights of setoff, consolidation of accounts and bankers’ lien) that such Lender, such Documentary Credit Lender or their respective Affiliates may have. Each
Lender agrees to promptly notify the applicable Borrower and the Administrative Agent after any such setoff and application, but the failure to give such notice shall not affect the validity of such setoff and application. If any Affiliate of a
Lender exercises any rights under this Section 10.01, it shall share the benefit received in accordance with Section 11.01 as if the benefit had been received by the Lender of which it is an Affiliate. 

ARTICLE 11
 SHARING OF
PAYMENTS BY LENDERS 
  

	Section 11.01	Sharing of Payments by Lenders 

  

	 	(1)	 If any Lender, by exercising any right of setoff or counterclaim or otherwise, obtains any payment or other reduction that might result in such
Lender receiving payment or other reduction of a proportion of the aggregate amount of its Accommodations and accrued interest thereon or other obligations under a Facility greater than its pro rata share of such Facility as provided herein, then
the Lender receiving such payment or other reduction shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Accommodations Outstanding and such other obligations of

  
 - 117 - 

	 	 
the other Lenders under such Facility, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Accommodations Outstanding and other amounts owing them under such Facility, provided that: 

 

	 	(a)	 if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be
rescinded and the purchase price restored to the extent of such recovery, without interest; 

  

	 	(b)	 the provisions of this Section shall not be construed to apply to (x) any payment made by any Loan Party pursuant to and in accordance with
the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Accommodations or participations in disbursements under Documentary Credits to any
assignee or participant, other than to any Loan Party or any Affiliate of a Loan Party (as to which the provisions of this Section shall apply); and 

  

	 	(c)	 the provisions of this Section shall not be construed to apply to (w) any payment made while no Event of Default has occurred and is
continuing in respect of obligations of the applicable Borrower to such Lender that do not arise under or in connection with the Credit Documents, (x) any payment made in respect of an obligation that is secured by a Permitted Encumbrance or
that is otherwise entitled to priority over the applicable Borrower’s Obligations under or in connection with the Credit Documents, (y) any reduction arising from an amount owing to a Loan Party upon the termination of derivatives entered
into between the Loan Party and such Lender, or (z) any payment to which such Lender is entitled as a result of any form of credit protection obtained by such Lender. 

 

	 	(2)	 The Loan Parties consent to the foregoing and agree, to the extent they may effectively do so under Law, that any Lender acquiring a participation
pursuant to the foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim and similar rights of Lenders with respect to such participation as fully as if such Lender were a direct creditor of each Loan Party in
the amount of such participation. 

  
 - 118 - 

 ARTICLE 12

ADMINISTRATIVE AGENT’S CLAWBACK 
  

	Section 12.01	Administrative Agent’s Claw back 

  

	 	(1)	 Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to
the proposed date of any advance of funds that such Lender will not make available to the Administrative Agent such Lender’s share of such advance, the Administrative Agent may assume that such Lender has made such share available on such date
in accordance with the provisions of this Agreement concerning funding by Lenders and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share
of the applicable advance available to the Administrative Agent, then the applicable Lender shall pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such
amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at a rate determined by the Administrative Agent in accordance with prevailing banking industry practice on interbank compensation.
If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Accommodation included in such advance. If the Lender does not do so forthwith, the applicable Borrower shall pay to the Administrative
Agent forthwith on written demand such corresponding amount with interest thereon at the interest rate applicable to the advance in question. Any payment by the applicable Borrower shall be without prejudice to any claim the applicable Borrower may
have against a Lender that has failed to make such payment to the Administrative Agent. 

  

	 	(2)	 Payments by Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the applicable
Borrower prior to the date on which any payment is due to the Administrative Agent for the account of any Lender hereunder that the applicable Borrower will not make such payment, the Administrative Agent may assume that the applicable Borrower has
made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute the amount due to the Lenders. In such event, if the applicable Borrower has not in fact made such payment, then each of the Lenders
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment
to the Administrative Agent, at a rate determined by the Administrative Agent in accordance with prevailing banking industry practice on interbank compensation. 

  
 - 119 - 

 ARTICLE 13

AGENCY 
  

	Section 13.01	Appointment and Authority 

  

							
		 	 (1)
	 	 (a)
	 	 Each of the Lenders hereby irrevocably appoints the Administrative Agent to act on its behalf as the Administrative Agent hereunder and under the other Credit
Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders, and no Loan Party shall have rights as a third party beneficiary of any of such provisions.

  

	 	(b)	 The Administrative Agent and each of the Lenders hereby further irrevocably appoints Barclays Bank PLC to act on its behalf as a Collateral Agent
hereunder and under the other Credit Documents and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms hereof or thereof, including acting as the agent
of the Lenders for purposes of acquiring, holding and enforcing any and all Encumbrances on Collateral, together with such actions and powers as are reasonably incidental thereto. The Collateral Agent shall act on behalf of the Administrative Agent
and the Lenders and shall have all of the benefits and immunities (i) provided to the Administrative Agent in this Article 13 with respect to any acts taken or omissions suffered by the Collateral Agent in connection with its activities in such
capacity as fully as if the term “Administrative Agent” as used in this Article 13 included the Collateral Agent with respect to such acts or omissions, and (ii) as additionally provided herein with respect to the Collateral Agent.

  

	 	(2)	 Without prejudice to the foregoing, each Lender, for itself and for all present and future Affiliates of such Lender that are Cash Management Banks
and/or Hedge Lenders, hereby irrevocably appoints and authorizes each of the Administrative Agent (and any successor acting as Administrative Agent) and the Collateral Agent (and any successor acting as the Collateral Agent) to act, individually or
collectively, as the Person holding the power of attorney (fondé de pouvoir) (in such capacity, the “Attorney”) of the Lenders, Cash Management Banks and Hedge Lenders as contemplated under Article 2692 of the Civil Code of
Québec, and to enter into, to take and to hold on their behalf, and for their benefit, any hypothec, and to exercise such powers and duties which are conferred upon the Attorney under any hypothec. Moreover, without prejudice to such
appointment and authorization to act as the Person holding the power of attorney as aforesaid, each Lender, for itself and for all present and future Affiliates of such Lender that 

  
 - 120 - 

	 	 
are Cash Management Banks and/or Hedge Lenders, hereby irrevocably appoints and authorizes each of the Administrative Agent (and any successor acting as Administrative Agent) and the Collateral
Agent (and any successor acting as the Collateral Agent) to act, individually or collectively, as agent and custodian (in such capacity, the “Custodian”) for and on behalf of the Lenders, Cash Management Banks and Hedge Lenders to
hold and to be the sole registered holder of any bond which may be issued under or secured by any hypothec, the whole notwithstanding Section 32 of the Act respecting the special powers of legal Persons (Québec) or any other applicable
law. In this respect: (i) the Custodian shall keep a record indicating the names and addresses of, and the pro rata portion of the obligations and indebtedness secured by any pledge of any such bond and owing to each Lender, Cash Management
Bank and Hedge Lender, and (ii) each Lender, Cash Management Bank and Hedge Lender will be entitled to the benefits of any charged property covered by any hypothec and will participate in the proceeds of realization of any such charged
property, the whole in accordance with the terms hereof. The Administrative Agent hereby accepts its appointment as Attorney and Custodian. 

Each of the Attorney and the Custodian shall: (a) have the sole and exclusive right and authority to exercise, except as may be otherwise
specifically restricted by the terms hereof, all rights and remedies given to the Attorney and the Custodian (as applicable)pursuant to any hypothec, bond, pledge, applicable laws or otherwise, (b) benefit from and be subject to all provisions
hereof with respect to the Administrative Agent mutatis mutandis, including, without limitation, all such provisions with respect to the liability or responsibility to and indemnification by the Lenders, and (c) be entitled to delegate from
time to time any of its powers or duties under any hypothec, bond, or pledge on such terms and conditions as it may determine from time to time. Any Person who becomes a Lender shall be deemed to have consented to and confirmed: (i) the
Attorney as the Person holding the power of attorney as aforesaid and to have ratified, as of the date it becomes a Lender, all actions taken by the Attorney in such capacity, and (ii) the Custodian as the agent and custodian as aforesaid and
to have ratified, as of the date it becomes a Lender, all actions taken by the Custodian in such capacity. 
  

	 	(3)	 UK Security Trust. With respect to the security interests granted under the UK Security Documents: 

 

	 	(a)	 each Lender appoints each of the Administrative Agent and the Collateral Agent to act as its trustee and representative in connection with this
Agreement and authorizes each of the Administrative Agent and the Collateral Agent to exercise such rights, powers and discretions as are specifically delegated to the Administrative Agent and the Collateral Agent by the terms hereof together with
all rights, powers and discretions as are necessary to give effect to the trusts hereby created; 

  

	 	(b)	 in the event of any inconsistency between the provisions of this Section 13.01(3) and any other provision of Article 13 of this Agreement, this

  
 - 121 - 

	 	 
Section 13.01(3) shall prevail with respect to any issue arising under or in connection with the UK Security Documents; 

 

	 	(c)	 each of the Administrative Agent and the Collateral Agent declares that it shall hold the benefit of the UK Security Documents on trust for the
Lenders on the terms contained in this Agreement and in the UK Security Documents; 

  

	 	(d)	 the rights, powers and discretions conferred upon the Administrative Agent and the Collateral Agent by this Agreement shall be supplemental to the
Trustee Act 1925 (UK) and the Trustee Act 2000 (UK) and in addition to any which may be vested in the Administrative Agent or the Collateral Agent by general law or otherwise; 

 

	 	(e)	 in acting as trustee for the Lenders, each of the Administrative Agent and the Collateral Agent shall be regarded as acting through its trustee
division which shall be treated as a separate entity from any of its other divisions or departments and any information received by any other division or department of the Administrative Agent or the Collateral Agent, as applicable, may be treated
as confidential and shall not be regarded as having been given to the Administrative Agent’s or the Collateral Agent’s, as applicable, trustee division; 

 

	 	(f)	 Section 1 of the Trustee Act 2000 (UK) shall not apply to the duties of the Administrative Agent and the Collateral Agent in relation
to the trusts constituted by this Agreement. Where there are any inconsistencies between the Trustee Act 1925 (UK) or the Trustee Act 2000 (UK) and the provisions of this Agreement, the provisions of this Agreement shall, to the extent
allowed by Law, prevail and, in the case of any inconsistency with the Trustee Act 2000 (UK), the provisions of this Agreement shall constitute a restriction or exclusion for the purposes of that Act; 

 

	 	(g)	 if (a) all of the Secured Liabilities (as defined in the UK Security Documents) and all other Obligations secured by the UK Security Documents
have been fully and finally discharged (other than contingent Obligations which survive payment in full of the Accommodations Outstanding and termination or expiration of the Lender’s Commitments) and (b) none of the Lenders is under any
commitment, obligation or liability (whether actual or contingent) to make advances or provide other financial accommodation to any Loan Party under the Credit Documents, the trusts set out in this Agreement shall be wound up. At that time the
Administrative Agent and the Collateral Agent shall release, without recourse or warranty, all of the Encumbrances created under the UK Security Documents then held by it and the rights of the Administrative Agent and the Collateral Agent under this
Agreement; and 

  
 - 122 - 

	 	(h)	 the perpetuity period under the rule against perpetuities, if applicable to this Agreement, shall be the period of eighty years from the date of
this Agreement. 

  

	 	(4)	 German Security Trust. 

  

	 	(a)	 each Lender hereby irrevocably authorizes and grants power of attorney (Vollmacht) to each of the Administrative Agent and the Collateral
Agent to: 

  

	 	(i)	 accept as its representative (Stellvertreter) any pledge or other creation of any accessory German Security or a German Guarantee granted to
it in relation to the Credit Documents and to execute and amend for and on its behalf any and all German Security Documents to which it is a party and any other agreements related to the German Security Documents; 

 

	 	(ii)	 execute on behalf of itself and the other Lenders, where relevant, without the need for any further referral to, or authority from, any other
Person all necessary releases of any German Security in relation to the disposal of any asset which is permitted under the German Security Documents or consented to or agreed upon in accordance with the Credit Documents; 

 

	 	(iii)	 make and receive all declarations and statements which are necessary in connection with the German Security or any of the German Security
Documents; 

  

	 	(iv)	 appear before any public notaries, registrars, public officers, courts and governmental authorities to file any necessary documents in connection
with the German Security or any of the German Security Documents; and 

  

	 	(v)	 undertake all other actions and measure in connection with the German Security or any of the German Security Documents. 

 

	 	(b)	 For the purpose of this paragraph (4), each Lender, for itself and for all present and future Affiliates of such Lender that are Cash Management
Banks and/or Hedge Lenders, hereby releases each of the Administrative Agent and the Collateral Agent from the restrictions of Section 181 of the German Civil Code (Bürgerliches Gesetzbuch), i.e., the restrictions of
self-contracting and of representing several parties at the same time under German law, as well as comparable rules restricting self-contracting and/or representing several parties at the same time in any other jurisdiction. 

 

	 	(c)	 Each of the Administrative Agent and the Collateral Agent shall be authorized to delegate this power of attorney (Untervollmacht), including
the exemption from the restrictions of Section 181 of the German Civil 

  
 - 123 - 

	 	 
Code (Bürgerliches Gesetzbuch) and comparable rules restricting self-contracting and/or representing several parties at the same time in any other jurisdiction as described above.

  

	 	(d)	 Each Lender hereby approves and ratifies any declaration made or action taken by either the Administrative Agent or the Collateral Agent on such
Lender’s behalf (including, for the avoidance of doubt, any declaration made by either the Administrative Agent or the Collateral Agent as representative without power of attorney (Vertreter ohne Vertretungsmacht) in relation to the
creation of any pledge (Pfandrecht) or other any German Security on behalf and for the benefit of any Lender). 

  

	 	(e)	 Each of the Administrative Agent and the Collateral Agent shall and is, where necessary, hereby empowered to: 

 

	 	(i)	 hold, administer and realize any German Security, that is or will be transferred or assigned by way of security
(Sicherungsübereignung/Sicherungsabtretung) or otherwise granted to it under any German Security Document creating or evidencing a non-accessory security (nicht akzessorische Sicherheit) in its own name as trustee
(Treuhänder) for the benefit of the Lenders; and 

  

	 	(ii)	 administer and realize any German Security that is pledged (Verpfändung) or otherwise granted to the Administrative Agent, the
Collateral Agent and/or any Lender under any German Security Document creating or evidencing an accessory security (akzessorische Sicherheit). 

  

	 	(f)	 In the event of any inconsistency between the provisions of this Section 13.01(4) and any other provision of Article 13 of this Agreement, this
Section 13.01(4) shall prevail with respect to any issue arising under or in connection with the German Security Documents. 

  

	Section 13.02	Rights as a Lender 

 The Persons serving as the Administrative Agent and the Collateral
Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent or the Collateral Agent, respectively, and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Persons serving as the Administrative Agent and the Collateral Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party or any Affiliate thereof as if such Person were not the
Administrative Agent or the Collateral Agent and without any duty to account to the Lenders. 

  
 - 124 - 

	Section 13.03	Exculpatory Provisions 

  

	 	(1)	 Each of the Administrative Agent and the Collateral Agent shall not have any duties or obligations except those expressly set forth herein and in
the other Credit Documents. Without limiting the generality of the foregoing, each of the Administrative Agent and the Collateral Agent: 

  

	 	(a)	 shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

  

	 	(b)	 shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Credit Documents that the Administrative Agent or the Collateral Agent, as applicable, is required to exercise as directed in writing by the Majority Lenders (or such other number or percentage of the Lenders as
shall be expressly provided for in the Credit Documents), but the Administrative Agent and the Collateral Agent, as applicable, shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the
Administrative Agent or the Collateral Agent, as applicable, to liability or that is contrary to any Credit Document or Law; and 

  

	 	(c)	 shall not, except as expressly set forth herein and in the other Credit Documents, have any duty to disclose, and shall not be liable for the
failure to disclose, any information relating to the Borrowers or any of their Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent, the Collateral Agent or any of its Affiliates in any capacity.

  

	 	(2)	 The Administrative Agent and the Collateral Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the
request of the Majority Lenders (or such other number or percentage of the Lenders as is necessary, or as the Administrative Agent believes in good faith is necessary, under the provisions of the Credit Documents) or (ii) in the absence of its
own gross negligence or wilful misconduct as determined by a court of competent jurisdiction by a final non-appealable judgment. The Administrative Agent and the Collateral Agent shall be deemed not to have knowledge of any Default unless and until
notice describing the Default is given to the Administrative Agent or the Collateral Agent, as applicable, by any Loan Party or a Lender. 

  

	 	(3)	 Except as otherwise expressly specified in this Agreement, the Administrative Agent and the Collateral Agent shall not be responsible for or have
any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Credit Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or 

  
 - 125 - 

	 	 
in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any
Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Credit Document or any other agreement, instrument or document or (v) the satisfaction of any condition specified in this Agreement,
other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or the Collateral Agent, as applicable. 

  

	 	(4)	 Notwithstanding anything to the contrary contained herein or in any other Credit Document, any duty, role, responsibility, action or inaction
contemplated or required on the part of the Administrative Agent or the Collateral Agent in any Credit Document is expressly subject to the terms and conditions of the intercreditor agreement contemplated by clause (o) of the definition of Permitted
Debt and Barclays Bank PLC, in its capacity as an “intercreditor agent” thereunder, (a) shall be entitled to the rights, powers, benefits, protections, immunities and indemnities provided and afforded to the Administrative Agent or
the Collateral Agent in any Credit Document and (b) is intended to be a third party beneficiary of this Section 13.03(4) with full rights and powers to enforce this Section 13.03(4) as if a party hereto. 

 

	Section 13.04	Reliance by Administrative Agent 

 The Administrative Agent and the Collateral Agent
shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent and the Collateral Agent also may rely upon any statement made to it orally or by telephone and
believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of an Accommodation that by its terms must be fulfilled to the
satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Accommodation
or the issuance of such Documentary Credit. The Administrative Agent and the Collateral Agent may consult with legal counsel (who may be counsel for the Borrowers), independent accountants and other experts selected by it, and shall not be liable
for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
  

	Section 13.05	Indemnification of Agents 

 Whether or not the transactions contemplated hereby are
consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so), pro

  
 - 126 - 

 
rata, and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the
payment to any Agent-Related Person of any portion of such Indemnified Liabilities to the extent determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s own gross
negligence or wilful misconduct; provided, however, that no action taken in accordance with the directions of the Majority Lenders shall be deemed to constitute gross negligence or wilful misconduct for purposes of this
Section 13.05; and provided, further, that to the extent any Documentary Credit Lender is entitled to indemnification under this Section 13.05 solely in its capacity and role as Documentary Credit Lender, only the Revolving Credit Lenders
shall be required to indemnify such Documentary Credit Lender in accordance with this Section 13.05. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section 13.05 applies whether any such
investigation, litigation or proceeding is brought by any Lender or any other Person regardless of whether any Indemnified Person is a party to such investigation, litigation or proceeding. Without limitation of the foregoing, each Lender shall
reimburse the Administrative Agent or the Collateral Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including the fees, disbursements and other charges of counsel) incurred by the Administrative Agent or Collateral
Agent, as applicable, in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, any other Credit Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent or Collateral Agent is not reimbursed for such expenses by or on behalf of the
applicable Borrower. The undertaking in this Section 13.05 shall survive termination of the Commitments, the payment of all other Accommodations and the resignation of the Administrative Agent or the Collateral Agent, as applicable. 

 

	Section 13.06	Delegation of Duties 

 The Administrative Agent or the Collateral Agent may perform any
and all of its duties and exercise its rights and powers hereunder or under any other Credit Document by or through any one or more sub-Administrative Agents or sub-Collateral Agents appointed by the Administrative Agent from among the Lenders
(including the Persons serving as Administrative Agent and Collateral Agent) and their respective Affiliates. The Administrative Agent, the Collateral Agent and any such sub-Administrative Agent or sub-Collateral Agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related Parties. The provisions of this Article and other provisions of this Agreement for the benefit of the Administrative Agent or the Collateral Agent shall apply to any
such sub-Administrative Agent or sub-Collateral Agent and to the Related Parties of the Administrative Agent, the Collateral Agent and any such sub-Administrative Agent or sub-Collateral Agent, and shall apply to their respective activities in
connection with the syndication of the credit facility provided for herein as well as activities as Administrative Agent or Collateral Agent, as applicable. The Administrative Agent and the Collateral Agent shall not be responsible for the
negligence or misconduct of any sub-Administrative Agent or sub-Collateral Agent that it selects in the absence of gross negligence or willful misconduct (as determined in the final judgment of a court of competent jurisdiction). 

  
 - 127 - 

	Section 13.07	Replacement of Administrative Agent or Collateral Agent 

  

	 	(1)	 The Administrative Agent or the Collateral Agent may resign at any time upon 30 days’ notice to the Lenders and the Borrowers. Upon receipt of
any such notice of resignation, the Majority Lenders shall have the right, with the prior consent of Open Text (except during the occurrence or continuation of an Event of Default, during which no consent shall be required), to appoint a successor,
which, in the case of the Administrative Agent, shall be a Lender having a Revolving Credit Commitment and having an office in Toronto, Ontario or an Affiliate of any such Lender with an office in Toronto. 

 

	 	(2)	 If no such successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within 30 days after the
retiring Administrative Agent or the retiring Collateral Agent, as applicable, gives notice of its resignation, then the retiring Administrative Agent or the retiring Collateral Agent, as applicable, may, but shall not be required to, with the prior
consent of Open Text (such consent not to be unreasonably withheld or delayed), on behalf of the Lenders, appoint a successor Administrative Agent or successor Collateral Agent, respectively, meeting the qualifications specified in Section 13.07(1),
provided that if the Administrative Agent or the Collateral Agent, as applicable, shall notify Open Text and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance
with such notice and (1) the retiring Administrative Agent or the retiring Collateral Agent, as applicable, shall be discharged from its duties and obligations hereunder and under the other Credit Documents (except that in the case of any
collateral security held by the Administrative Agent or the Collateral Agent, as applicable, on behalf of the Lenders under any of the Credit Documents, the retiring Administrative Agent or the retiring Collateral Agent, as applicable, shall
continue to hold such collateral security until such time as a successor Administrative Agent or successor Collateral Agent, respectively, is appointed) and (2) all payments, communications and determinations provided to be made by, to or
through the Administrative Agent or the Collateral Agent, as applicable, shall instead be made by or to each Lender directly, until such time as the Majority Lenders appoint a successor Administrative Agent or the successor Collateral Agent,
respectively, as provided for above in the preceding paragraph. 

 Upon a successor’s appointment as Administrative
Agent or Collateral Agent hereunder, as applicable, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the former Administrative Agent or the former Collateral Agent, as applicable, and the
former Administrative Agent or the former Collateral Agent, respectively, shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided in the preceding
paragraph). The fees payable by the Borrowers to a successor Administrative Agent or successor Collateral Agent, as applicable, shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor.
After the termination of the service of the 

  
 - 128 - 

 
former Administrative Agent or former Collateral Agent, as applicable, the provisions of this Article 13 and of Article 15 shall continue in effect for the benefit of such former Administrative
Agent or former Collateral Agent, its sub-Administrative Agents or sub-Collateral Agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the former Administrative Agent or Collateral
Agent, as applicable, was acting as Administrative Agent or Collateral Agent, respectively. 
  

	Section 13.08	Non-Reliance on Agents and Other Lenders 

 Each Lender acknowledges that it has,
independently and without reliance upon the Agents or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Lender also acknowledges that it will, independently and without reliance upon the Agents or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue
to make its own decisions in taking or not taking action under or based upon this Agreement, any other Credit Document or any related agreement or any document furnished hereunder or thereunder. 

 

	Section 13.09	Collective Action of the Lenders 

 Each of the Lenders hereby acknowledges that to the
extent permitted by Law, any collateral security and the remedies provided under the Credit Documents to the Lenders are for the benefit of the Lenders (including the Cash Management Banks and Hedge Lenders) collectively and acting together and not
severally and further acknowledges that its rights hereunder and under any collateral security are to be exercised not severally, but by the Administrative Agent or the Collateral Agent upon the decision of the Majority Lenders (or such other number
or percentage of the Lenders as shall be expressly provided for in the Credit Documents). Accordingly, notwithstanding any of the provisions contained herein or in any collateral security, each of the Lenders hereby covenants and agrees that it
shall not be entitled to take any action hereunder or thereunder including, without limitation, any declaration of default hereunder or thereunder but that any such action shall be taken only by the Administrative Agent or the Collateral Agent with
the prior written agreement of the Majority Lenders (or such other number or percentage of the Lenders as shall be expressly provided for in the Credit Documents). Each of the Lenders hereby further covenants and agrees that upon any such written
agreement being given, it shall co-operate fully with the Administrative Agent and the Collateral Agent to the extent requested by the Administrative Agent or the Collateral Agent. Notwithstanding the foregoing, in the absence of instructions from
the Lenders and where in the sole opinion of the Administrative Agent, acting reasonably and in good faith, the exigencies of the situation warrant such action, the Administrative Agent may without notice to or consent of the Lenders take such
action (or direct the Collateral Agent to take such action) on behalf of the Lenders as it deems appropriate or desirable in the interest of the Lenders. 

  
 - 129 - 

	Section 13.10	No Other Duties, etc. 

 Anything herein to the contrary notwithstanding, none of the Lead
Arranger or holders of similar titles, if any, specified in this Agreement shall have any powers, duties or responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Administrative
Agent, the Collateral Agent or a Lender hereunder. 
  

	Section 13.11	Administrative Agent May File Proofs of Claim 

 In case of the pendency of any proceeding
under any Debtor Relief Law relating to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Borrowing or Documentary Credit obligation shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Borrowings or Documentary
Credit Borrowings and all other Obligations hereunder that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Documentary Credit Lenders, the Collateral Agent and
the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Documentary Credit Lenders, the Collateral Agent and the Administrative Agent and their respective agents and
counsel and all other amounts due the Lenders, the Documentary Credit Lenders, the Collateral Agent and the Administrative Agent under Sections 2.08, 2.09, 3.05 and 15.01) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Collateral Agent and the Lenders and the Documentary Credit
Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel, and any other amounts due the Administrative Agent under Sections
2.08, 2.09, 3.05 and 15.01. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or
accept or adopt on behalf of any Lender or any Documentary Credit Lender any plan of reorganization, arrangement, adjustment or composition affecting the obligations hereunder or the rights of any Lender or any Documentary Credit Lender to authorize
the Administrative Agent to vote in respect of the claim of any Lender or any Documentary Credit Lender in any such proceeding. 

  
 - 130 - 

 ARTICLE 14

NOTICES: EFFECTIVENESS; ELECTRONIC COMMUNICATION 
  

	Section 14.01	Notices, etc. 

  

	 	(1)	 Notices Generally. Except as provided in paragraph (2) below, all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier to the addresses or telecopier numbers specified elsewhere in this Agreement or, if to a Lender, to it at its address
or telecopier number specified in the Register or, if to a Loan Party other than Open Text, in care of Open Text. 

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been
given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given on a Business Day between 9:00 a.m. and 5:00 p.m. local time where the recipient is located, shall be deemed to have been given
at 9:00 a.m. on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in paragraph (2) below, shall be effective as provided in said paragraph (2). 

 

	 	(2)	 Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites, including SyndTrak) pursuant to procedures approved by the Administrative Agent and, in the case of the use of any web platform (such as SyndTrak) reasonably acceptable to Open Text,
provided that the foregoing shall not apply to notices to any Lender if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the
Borrowers may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or
communications. 

 Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other
written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next
Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing

  
 - 131 - 

 
clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

The Borrowers hereby acknowledge that (a) the Administrative Agent and/or the Lead Arranger will make available to the
Lenders and the Documentary Credit Lenders materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on SyndTrak or another similar
electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrowers or their
Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. Each Borrower hereby agrees that it will use commercially
reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall
mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Lead Arranger,
Documentary Credit Lenders and the Lenders to treat the Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to such Borrower or its securities for purposes of United
States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute information governed by Section 21.01, they shall be treated as set forth therein); (y) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that
are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” 

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED PERSONS DO NOT WARRANT THE ACCURACY
OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT-RELATED PERSON IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall
any Agent-Related Person have any liability to the Borrowers, any Lender, any Documentary Credit Lender or any other Person or entity for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or

  
 - 132 - 

 
otherwise) arising out of the Borrowers’ or the Administrative Agent’s transmission of Borrower Materials through the Platform, except to the extent that such losses, claims, damages,
liabilities or expenses are determined by a court of competent jurisdiction by a final non-appealable judgment to have resulted from the gross negligence or wilful misconduct of such Agent-Related Person; provided that in no event shall any
Agent-Related Person have any liability to the Borrowers, any Lender, any Documentary Credit Lender or any other Person for indirect, special, incidental, consequential damages or punitive damages (as opposed to direct or actual damages). 

 

	 	(3)	 Change of Address, Etc. Each Loan Party, the Administrative Agent, the Collateral Agent and the Lead Arranger may change its address or
telecopier number for notices and other communications hereunder by notice to the other parties hereto and each Lender hereto may change its address or telecopier number for notices and other communications hereunder by notice to the Borrowers and
Administrative Agent. 

 ARTICLE 15

EXPENSES; INDEMNITY: DAMAGE WAIVER 
  

	Section 15.01	Expenses; Indemnity: Damage Waiver 

  

	 	(1)	 Costs and Expenses. Each Loan Party shall pay (i) all reasonable out-of-pocket expenses incurred by each of the Administrative Agent,
the Collateral Agent and their respective Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and the Collateral Agent (limited to one U.S. counsel, one Canadian counsel and appropriate local
counsel and in the case of any actual or perceived conflict of interest, one additional counsel to each affected Indemnitee and its related persons in each of Canada and the United States and, if necessary, appropriate local counsel), in connection
with the syndication of the Revolving Credit Facility provided for herein and the preparation, negotiation, execution, delivery and administration of this Agreement and the other Credit Documents or of any amendments, modifications or waivers of the
provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable out-of-pocket expenses incurred by each of the Administrative Agent, the Collateral Agent or any Lender,
including the reasonable fees, charges and disbursements of counsel, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Credit Documents, including its rights under this Section, or in
connection with the Accommodations issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Accommodations. Except as expressly provided in this Section 15.01(1) or as
otherwise provided in this Agreement, none of the Loan Parties shall be obligated to pay any out-of-pocket costs and expenses of the 

  
 - 133 - 

	 	 
Administrative Agent, the Collateral Agent, the Lead Arranger, the Lenders or any Related Person of the foregoing Persons. 

 

	 	(2)	 Indemnification by the Loan Parties. Subject to the limitations contained in Section 15.01(1), each Loan Party shall indemnify, jointly and
severally, each of the Administrative Agent, the Collateral Agent, the Lead Arranger, each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the reasonable costs and fees of any counsel for any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third
party or by any Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Credit Document or any agreement or instrument contemplated hereby or thereby, the performance or
non-performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation or non-consummation of the transactions contemplated hereby or thereby, (ii) any Accommodation or the use or proposed use of the
proceeds therefrom (including any refusal by the Documentary Credit Lender to honour a demand for payment under a Documentary Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Documentary
Credit), (iii) any actual or alleged presence or Release of Hazardous Substances on or from any property owned or operated by any Loan Party, or any Environmental Liabilities related in any way to any Loan Party, or (iv) any actual claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by a Loan Party and regardless of whether any Indemnitee is a party thereto (the
foregoing collectively being the “Indemnified Liabilities”), provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined
by a court of competent jurisdiction by a final non-appealable judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee. This Section 15.01(2) shall not apply with respect to Taxes other than Taxes that represent
losses, claims, damages, liabilities and related expenses arising from any non-Tax Indemnified Liability. 

  

	 	(3)	 Reimbursement by Lenders. To the extent that a Borrower for any reason fails to indefeasibly pay any amount required under paragraph
(1) or (2) of this Section to be paid by it to the Administrative Agent (or any sub-Administrative Agent thereof), the Collateral Agent (or any sub-Collateral Agent thereof) or any Related Party of any of the foregoing, each Lender
severally agrees to pay to the Administrative Agent (or any such sub-Administrative Agent), the Collateral Agent (or any such sub-Collateral Agent) or such Related Party, such unpaid amount, provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-Administrative Agent) 

  
 - 134 - 

	 	 
or the Collateral Agent (or any such sub-Collateral Agent), as applicable, in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or
any such sub-Administrative Agent) or the Collateral Agent (or any such sub-Collateral Agent), as applicable, in connection with such capacity. 

  

	 	(4)	 Waiver of Consequential Damages, Etc. To the fullest extent permitted by Law, the Loan Parties shall not assert, and hereby waive, any claim
against any Indemnitee, on any theory of liability, for indirect, consequential, punitive, aggravated or exemplary damages (as opposed to direct damages) arising out of, in connection with, or as a result of, this Agreement, any other Credit
Document or any agreement or instrument contemplated hereby (or any breach thereof), the transactions contemplated hereby or thereby, any Accommodation or the use of the proceeds thereof. 

 

	 	(5)	 Payments. All amounts due under this Section shall be payable promptly after demand therefor. A certificate of the Administrative Agent, the
Collateral Agent or a Lender setting forth the amount or amounts owing to the Administrative Agent, the Collateral Agent, Lender or a sub-Administrative Agent, a sub-Collateral Agent or Related Party, as the case may be, as specified in this
Section, including reasonable detail of the basis of calculation of the amount or amounts, and delivered to the Borrower shall be conclusive absent manifest error. 

All of the Loan Parties’ Obligations under this Section 15.01 shall survive the payment in full of the other Obligations hereunder and
the termination of this Agreement. 
 ARTICLE 16

SUCCESSORS AND ASSIGNS 
  

	Section 16.01	Successors and Assigns 

  

	 	(1)	 Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and the Majority Lenders
and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of paragraph (2) of this Section, (ii) by way of participation in
accordance with the provisions of paragraph (6) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (8) of this Section (and any other attempted assignment or
transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby,
Participants to the extent provided in paragraph (6) 

  
 - 135 - 

	 	 
of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or
by reason of this Agreement. 

  

	 	(2)	 Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment and the Accommodations Outstanding at the time owing to it); provided that: 

  

	 	(a)	 except if an Event of Default has occurred and is continuing or in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Accommodations Outstanding at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment being
assigned (which for this purpose includes Accommodations Outstanding hereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Accommodations Outstanding of the assigning Lender subject to each such
assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not
be less than U.S. $5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the applicable Borrower otherwise consents to a lower amount (each such consent not to be unreasonably
withheld or delayed); 

  

	 	(b)	 each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this
Agreement with respect to the Accommodations Outstanding or the Commitment assigned, except that this clause Section 16.01(2)(b) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate credits on a
non-pro rata basis; 

  

	 	(c)	 any assignment of a Revolving Credit Commitment must be approved by the Documentary Credit Lenders (such approval not to be unreasonably withheld
or delayed) unless the Person that is the proposed assignee is itself already a Lender with a Revolving Credit Commitment; 

  

	 	(d)	 any assignment must be approved by the Administrative Agent (such approval not to be unreasonably withheld or delayed) unless the proposed assignee
is itself already a Lender, an Affiliate of a Lender or an Approved Fund; 

  
 - 136 - 

	 	(e)	 any assignment must be approved by each applicable Borrower, such approval not to be unreasonably withheld or delayed (provided that the
applicable Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 5 Business Days after having received notice thereof), unless the proposed assignee is
itself already a Lender with the same type of Commitment or an Affiliate of a Lender or an Approved Fund or if an Event of Default has occurred and is continuing; and if the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of U.S. $3,500 (other than in the case of multiple contemporaneous assignments by a Lender to affiliate funds or Approved Funds, in which case only one such fee
shall be payable), which fee shall not be for the account of the Loan Parties, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and 

 

	 	(f)	 in connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and
until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may
be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the applicable Borrower and the Administrative Agent, the applicable pro rata share of
Advances previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), and to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting
Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Advances and participations in Documentary Credits and Swing Line Advances in
accordance with its pro rata share; provided that notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with
the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (3) of this Section, from
and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement with respect to the interest assigned and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and 

  
 - 137 - 

 
obligations of a Lender under this Agreement and the other Credit Documents, including any collateral security, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto) but shall continue to be entitled to the benefits of Article 9 and Article 15, and shall continue to be liable for any breach of this Agreement by such Lender, with respect to facts and circumstances occurring prior to
the effective date of such assignment. Any payment by an assignee to an assigning Lender in connection with an assignment or transfer shall not be or be deemed to be a repayment by any Borrower or a new Accommodation to any Borrower. 

 

	 	(3)	 Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at one of its
offices in New York, New York a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Accommodations Outstanding
owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrowers, the Administrative Agent and the Lenders may treat
each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers or any
Lender (but, only in the case of a Lender, at the Administrative Agent’s office and with respect to any entry relating to such Lender’s Commitments, Advances, Documentary Credit obligations and their Obligations), at any reasonable time
and from time to time upon reasonable prior notice. Upon written request by Open Text, the Administrative Agent shall deliver a copy of the Register to Open Text within 5 Business Days after any such request. 

 

	 	(4)	 Limitations upon Assignee Rights. Except in the case of an assignment made during the continuance of an Event of Default, no assignee shall
be entitled to receive any greater payment under Section 9.01 and 9.02 than the applicable Lender would have been entitled to receive with respect to the Commitments and Accommodations assigned to such assignee, unless such assignment is made with
each applicable Borrower’s prior written consent. 

  

	 	(5)	 Participations. Any Lender may at any time, without the consent of, or notice to, any Borrower or the Administrative Agent, sell
participations to any Person (other than a natural Person, a Loan Party or any Affiliate of a Loan Party) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including
all or a portion of its Commitment and/or the Accommodations Outstanding owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall

  
 - 138 - 

	 	 
remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent and the other Lenders shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the
sole right to enforce this Agreement and the other Credit Documents and to approve any amendment, modification or waiver of any provision of this Agreement or the other Credit Documents; provided that such agreement or instrument may provide
that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clause (2) of Section 17.01 that directly affects such Participant. Any payment by a Participant to a Lender in
connection with a sale of a participation shall not be or be deemed to be a repayment by any Borrower or a new Accommodation to any Borrower. 

Subject to paragraph (7) of this Section, and to the extent permitted by Law, each Participant shall be entitled to the
benefits of Article 9 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (2) of this Section, provided such Participant agrees to be subject to Article 11 as though it were a Lender. 

 

	 	(6)	 Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 9.01 and 9.02, and in
respect of any breakage costs payable hereunder, than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with each
applicable Borrower’s prior written consent. 

  

	 	(7)	 Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to
secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute
any such pledgee or assignee for such Lender as a party hereto. 

  

	 	(8)	 Participant Register. The applicable Lender, acting solely for this purpose as a non-fiduciary agent of each Borrower (solely
for tax purposes), shall maintain a register on which it enters the name and address of each Participant, and the amount of each such Participant’s interest in such Lender’s rights and/or obligations under this Agreement (the
“Participant Register”). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of the applicable
rights and/or obligations of such Lender under this Agreement. No Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or

  
 - 139 - 

	 	 
any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Credit Document) except to the extent that such
disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. 

ARTICLE 17
 AMENDMENTS
AND WAIVERS 
  

	Section 17.01	Amendments and Waivers 

  

	 	(1)	 Subject to Sections 17.01(2), (3) and (7) (in which cases, for clarification, those subsections shall exclusively apply and this subsection shall
not apply), no acceptance, amendment or waiver of any provision of any of the Credit Documents, nor consent to any departure by the Borrowers or any other Person from such provisions, shall be effective unless in writing and approved by the Majority
Lenders. Any acceptance, amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. 

  

	 	(2)	 Only written acceptances, amendments, waivers or consents signed by all affected Lenders shall (i) increase a Lender’s Commitment or
subject any Lender to any additional obligation; (ii) reduce the principal or amount of, or interest on, directly or indirectly, any Accommodation Outstanding or any Fees; (iii) postpone any date fixed for any payment of principal of, or
interest on, any Accommodation Outstanding or any Fees; (iv) change the percentage of the Commitments or the number or percentage of Lenders required for the Lenders, or any of them, or the Administrative Agent to take any action;
(v) other than in connection with a Disposition permitted hereunder, permit any termination of any of the guarantees required hereunder or the Security Documents or release any of the guarantees or the Collateral subject to the Security
Documents; (vi) change the definition of Majority Lenders; (vii) amend Section 2.10; (viii) amend this Section 17.01(2); or (ix) amend the definition of “Interest Period” so as to permit intervals in excess of six
months without regard to the availability of all affected Lenders. 

  

	 	(3)	 Only written acceptances, amendments, waivers or consents signed by the Administrative Agent, in addition to the Majority Lenders, shall affect the
rights or duties of the Administrative Agent under the Credit Documents. 

  

	 	(4)	 Only written acceptances, amendments, waivers or consents signed by the Documentary Credit Lenders or Swing Line Lenders, as the case may be, in
addition to the Majority Lenders, shall affect the rights or duties of such Lenders in their capacities as Documentary Credit Lenders or Swing Line Lenders, respectively, under the Credit Documents. 

  
 - 140 - 

	 	(5)	 No Defaulting Lender or Affiliate thereof shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any
amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders or Affiliates thereof), except that (x) the
Commitment of any Defaulting Lender or Affiliate may not be increased or extended, the maturity of any of its Advances may not be extended, the rate of interest on any of its Advances may not be reduced and the principal amount of any of its
Borrowings may not be forgiven, in each case without the consent of such Defaulting Lender or Affiliate and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any
Defaulting Lender or Affiliate in its capacity as a Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender or Affiliate. 

 

	 	(6)	 In the event that any Lender (a “Non-Consenting Lender”) fails to consent to any proposed amendment, modification, termination,
waiver or consent with respect to any provision hereof or of any other Credit Document that requires the unanimous approval of all of the Lenders or the approval of all of the Lenders directly affected thereby, in each case in accordance with the
terms of this Section, the Borrowers shall be permitted to replace such Non-Consenting Lender with a replacement financial institution satisfactory to the Administrative Agent, so long as the consent of the Majority Lenders shall have been obtained
with respect to such amendment, modification, termination, waiver or consent; provided that (i) such replacement does not conflict with any Law, (ii) the replacement financial institution shall purchase, at par, all Accommodations
and other amounts owing to the Non-Consenting Lender pursuant to the Credit Documents on or prior to the date of replacement, (iii) the replacement financial institution shall approve the proposed amendment, modification, termination, waiver or
consent, (iv) the Borrowers shall be liable to the Non-Consenting Lender for any breakage costs if any LIBOR Advance owing to the Non-Consenting Lender shall be purchased other than on the last day of the Interest Period relating thereto,
(v) the Non-Consenting Lender shall be obligated to make such replacement in accordance with the provisions of Section 16.01 (provided that the Borrowers shall be obligated to pay the registration and processing fee referred to in
Section 16.01(2)(e)), (vi) until such time as such replacement shall be consummated, the Borrowers shall pay to the Non-Consenting Lender all additional amounts (if any) required pursuant to Article 10, as the case may be, (vii) the
Borrowers shall provide at least three (3) Business Days’ prior notice to the Non-Consenting Lender, and (viii) any such replacement shall not be deemed to be a waiver of any rights that the Borrowers, the Administrative Agent or any
other Lender shall have against the Non-Consenting Lender. In the event any Non-Consenting Lender fails to execute the agreements required under Section 16.01 in connection with an assignment pursuant to this Section, the Borrowers may, upon two
(2) Business Days’ prior notice to the Non-Consenting Lender, execute such agreements on behalf of the Non-Consenting Lender, and each such 

  
 - 141 - 

	 	 
Lender hereby grants to the Borrowers (and to any of them) an irrevocable power of attorney (which shall be coupled with an interest) for such purpose. 

 

	 	(7)	 Only written acceptances, amendments, waivers or consents signed by the Administrative Agent and the Collateral Agent, in addition to the Majority
Lenders, shall affect the rights or duties of the Collateral Agent under the Credit Documents. 

  

	 	(8)	 Reserved. 

  

	 	(9)	 Notwithstanding anything to the contrary contained in Section 17.01, if at any time after the Effective Date, the Administrative Agent and the
Borrowers shall have jointly identified an obvious error or any error or omission of a technical or immaterial nature, in each case, in any provision of the Credit Documents, then the Administrative Agent and the Borrowers shall be permitted to
amend such provision and such amendment shall become effective without any further action or consent of any other party to any Credit Document. 

  

	 	(10)	 Notwithstanding anything to the contrary contained in this Section 17.01, the Administrative Agent and the Borrower may, without consent of any
other Lender, effect such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of Section 2.01(4), including
any amendments necessary to establish Commitments made by a new tranche of Revolving Credit Commitments and such other technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in
connection with the establishment of such new tranche, in each case on terms consistent with Section 2.01(4). 

  

	Section 17.02	Judgment Currency. 

  

	 	(1)	 If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due to a Lender in any currency (the “Original
Currency”) into another currency (the “Other Currency”), the parties agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which, in accordance with normal banking
procedures, such Lender could purchase the Original Currency with the Other Currency on the Business Day preceding the day on which final judgment is given or, if permitted by Law, on the day on which the judgment is paid or satisfied.

  

	 	(2)	 The obligations of the Borrowers in respect of any sum due in the Original Currency from it to any Lender under any of the Credit Documents shall,
notwithstanding any judgment in any Other Currency, be discharged only to the extent that on the Business Day following receipt by the Lender of any sum adjudged to be so due in the Other Currency, the Lender may, in accordance with

  
 - 142 - 

	 	 
normal banking procedures, purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to the Lender in the
Original Currency, the Borrowers agree, as a separate obligation and notwithstanding the judgment, to indemnify the Lender, against any loss, and, if the amount of the Original Currency so purchased exceeds the sum originally due to the Lender in
the Original Currency, the Lender shall remit such excess to the applicable Borrower. 

  

	Section 17.03	Releases. 

 Upon the Disposition of any item of Collateral of any Loan Party in
accordance with the terms of the Credit Documents, the Administrative Agent and the Collateral Agent will, at the applicable Loan Party’s expense, execute and deliver to such Loan Party such documents as such Loan Party may reasonably request
to evidence the release of such item of Collateral from the Encumbrances granted under the Security Documents in accordance with the terms of the Credit Documents, and, in the case of any Disposition involving the sale of any Domestic Guarantor or
any Foreign Guarantor (to the extent permitted by the Credit Documents), a release of such Loan Party from its obligations under the Domestic Guarantee or its Foreign Guarantee, as the case may be, and all other Credit Documents to which it is bound
or subject. 
 ARTICLE 18

GOVERNING LAW; JURISDICTION; ETC. 
  

	Section 18.01	Governing Law; Jurisdiction; Etc. 

  

	 	(1)	 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the Province of Ontario and the laws of
Canada applicable in that Province. 

  

	 	(2)	 Submission to Jurisdiction. Each Loan Party irrevocably and unconditionally submits, for itself and its property, to the nonexclusive
jurisdiction of the courts of the Province of Ontario, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Credit Document, or for recognition or enforcement of any
judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such 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 or in any other Credit Document shall affect any right that the
Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Credit Document against any Loan Party or its properties in the courts of any jurisdiction. 

  
 - 143 - 

	 	(3)	 Waiver of Venue. Each Loan Party irrevocably and unconditionally waives, to the fullest extent permitted by Law, any objection that it may
now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Credit Document in any court referred to in paragraph (2) of this Section. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by Law, the defence of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

ARTICLE 19
 WAIVER OF
JURY TRIAL 
  

	Section 19.01	Waiver of Jury Trial 

 EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, ADMINISTRATIVE AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN
THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION. 
 ARTICLE 20

MISCELLANEOUS 
  

	Section 20.01	Counterparts; Integration; Effectiveness; Electronic Execution 

  

	 	(1)	 Counterparts; Integration; Effectiveness. This Agreement shall become effective pursuant to Section 25.01 of the Existing Credit
Agreement when the conditions in Section 5.01 of this Agreement have been satisfied. 

  

	 	(2)	 Electronic Execution of Assignments. The words “execution,” “signed,” “signature, “and words of like import in
any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a
paper-based record keeping system, as the case may be, to the extent and as provided for in any Law, including Parts 2 and 3 of the Personal Information Protection and Electronic Documents Act (Canada), the Electronic Commerce Act,
2000 (Ontario) and other similar federal 

  
 - 144 - 

	 	 
or provincial laws based on the Uniform Electronic Commerce Act of the Uniform Law Conference of Canada or its Uniform Electronic Evidence Act, as the case may be.

  

	Section 20.02	Severability 

 If any provision of this Agreement or the other Credit Documents is held
to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Agreement and the other Credit Documents shall not be affected or impaired thereby. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 20.02, if and to the extent that the enforceability of any provisions in this Agreement
relating to Defaulting Lenders shall be limited by Debtor Relief Law, as determined in good faith by the Administrative Agent or the Documentary Credit Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent
not so limited. 
  

	Section 20.03	Payments Set Aside. 

 To the extent that any payment by or on behalf of the Borrowers is
made to the Administrative Agent, to the Documentary Credit Lender or any Lender, or the Administrative Agent, Documentary Credit Lender or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof
is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, such Documentary Credit Lender or such Lender in its discretion) to be
repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be
revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and Documentary Credit Lender severally agrees to pay to the Administrative Agent upon demand its
applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate
from time to time in effect. The obligations of the Lenders and Documentary Credit Lender under clause (b) of the preceding sentence shall survive the payment in full of the Obligations hereunder and the termination of this Agreement. 

 

	Section 20.04	No Waiver; Remedies Cumulative; Enforcement. 

 No failure or delay by the Administrative
Agent, any Documentary Credit Lender or any Lender in exercising any right, remedy, power or privilege hereunder or under any other Credit Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right,
remedy, power or privilege, or any abandonment or discontinuance of steps to enforce such a right remedy, power or privilege, preclude any other or further exercise thereof or the exercise of any other right remedy, power or privilege. The rights,
remedies remedy, powers and privileges of the Administrative Agent, the Documentary Credit Lenders and the Lenders 

  
 - 145 - 

 
hereunder and under the Credit Documents are cumulative and are not exclusive of any rights, remedies, powers or privileges that any such Person would otherwise have. 

Notwithstanding anything to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies
hereunder and under the other Credit Documents against the Borrowers shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative
Agent in accordance with Article 13 for the benefit of all the Lenders and the Documentary Credit Lenders; provided that the foregoing shall not prohibit (i) the Administrative Agent from exercising on its own behalf the rights and
remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Credit Documents, (ii) each Documentary Credit Lender or each Swing Line Lender from exercising on its own behalf the rights and
remedies that inure to its benefit (solely in its capacity as a Documentary Credit Lender or a Swing Line Lender, as applicable) hereunder and under the other Credit Documents, (iii) any Lender from exercising setoff rights in accordance with
Section 10.01 (subject to the terms of Section 2.13) or (iv) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to the Borrowers under any Debtor Relief
Law; provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Credit Documents, then (x) the Majority Lenders shall have the rights otherwise provided to the Administrative
Agent pursuant to Section 13.01 and (y) in addition to the matters set forth in clauses (ii), and (iii) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Majority Lenders, enforce any rights or
remedies available to it and as authorized by the Majority Lenders. 
  

	Section 20.05	Affiliate Activities. 

 The Borrowers acknowledge that the Administrative Agent, the
Collateral Agent and the Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial
advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it may make or hold a
broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts of its customers and may at any time hold long
and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrowers and their respective affiliates, as well as of other entities and persons and their Affiliates
which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents (ii) be customers or competitors of the Borrowers and their respective Affiliates, or
(iii) have other relationships with the Borrowers and their respective Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make
direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or 

  
 - 146 - 

 
make investments in securities of the Borrowers and their respective Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Documents may have a direct or
indirect impact on the investments, securities or instruments referred to in this paragraph. 
  

	Section 20.06	No Advisory or Fiduciary Responsibility. 

 In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Credit Document), each of the Borrowers acknowledges and agrees, and acknowledges and agrees that it has informed its
other Affiliates, that: (i) (A) no fiduciary, advisory or agency relationship between any of the Borrowers and their respective Subsidiaries and the Administrative Agent, the Collateral Agent or the Lead Arranger is intended to be or has
been created in respect of any of the transactions contemplated hereby and by the other Credit Documents, irrespective of whether the Administrative Agent, the Collateral Agent or the Lead Arranger has advised or is advising any of the Borrowers
their respective Subsidiaries on other matters, (B) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Collateral Agent and the Lead Arranger are arm’s-length commercial transactions between
the Borrowers and their respective Subsidiaries, on the one hand, and the Administrative Agent, the Collateral Agent and the Lead Arranger, on the other hand, (C) each of the Borrowers has consulted its own legal, accounting, regulatory and tax
advisors to the extent it has deemed appropriate, and (D) each of the Borrowers is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Credit Documents;
(ii) (A) the Administrative Agent, the Collateral Agent and the Lead Arranger each are and have been acting solely as principal and, except as may otherwise be expressly agreed in writing by the relevant parties, has not been, is not, and
will not be acting as an advisor, agent or fiduciary for the Borrowers or any of their respective Affiliates, or any other Person and (B) neither the Administrative Agent, the Collateral Agent or any Lead Arranger has any obligation to the
Borrowers or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents; and (iii) the Administrative Agent, the Collateral Agent
and Lead Arranger and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers and their respective Affiliates, and neither the Administrative Agent, the Collateral
Agent nor any Lead Arranger has any obligation to disclose any of such interests and transactions to the Borrowers or any of their respective Affiliates. To the fullest extent permitted by Law, each of the Borrowers hereby waives and releases any
claims that it may have against the Administrative Agent, the Collateral Agent and Lead Arranger with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

  
 - 147 - 

 ARTICLE 21

TREATMENT OF CERTAIN INFORMATION: CONFIDENTIALITY 
  

	Section 21.01	Treatment of Certain Information: Confidentiality 

  

	 	(1)	 Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to it, its Affiliates and its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives (in each of the foregoing cases, to the extent necessary to
administer or enforce this Agreement and the other Credit Documents) (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential; provided that the Administrative Agent or any such Lender shall be responsible for compliance with this Section 21.01(1) by any of its Controlled Affiliates or its or any such Controlled Affiliates’ directors, officers or
employees to the extent that any such Controlled Affiliate or its or any such Controlled Affiliates’ directors, officers or employees receives any Information), (b) to the extent requested by any regulatory authority having jurisdiction
over it (including any self-regulatory authority), (c) to the extent required by Laws or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Credit
Document or any action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder or thereunder, (t) subject to an agreement containing provisions substantially the same as those of this
Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap,
derivative, credit-linked note or similar transaction relating to any Borrower and its obligations, (g) (i) to a Person that is an investor or prospective investor in a Securitization that agrees that its access to information regarding
the Loan Parties and the Accommodations is solely for purposes of evaluating an investment in such Securitization and who agrees to otherwise be bound by the provisions of this clause (1), (ii) to a Person that is a trustee, collateral manager,
servicer, noteholder or secured party in a Securitization in connection with the administration, servicing and reporting on the assets serving as collateral for such Securitization and who agrees to otherwise be bound by the provisions of this
clause (1); (iii) to a nationally recognized rating agency that requires access to information regarding the Loan Parties, the Accommodations and Credit Documents in connection with ratings issued with respect to a securitization facility
collateralized, in part, by the Accommodations (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and shall agree to keep such Information confidential on the terms
set forth in this clause (1)); (h) with the prior written consent of the applicable Borrower or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section by such Person or

  
 - 148 - 

	 	 
actually known to such Person or (y) becomes available to the Administrative Agent or any Lender on a non-confidential basis from a source other than a Loan Party. If the Administrative
Agent or any Lender is requested or required to disclose any Information (other than by any bank examiner) pursuant to or as required by Laws or by a subpoena or similar legal process, the Administrative Agent or such Lender, as applicable, shall,
if practicable and unless prohibited by Law, use its reasonable commercial efforts to provide the applicable Borrower with notice of such requests or obligation in sufficient time so that the applicable Borrower may seek an appropriate protective
order or waive the Administrative Agent’s, or such Lender’s, as applicable, compliance with the provisions of this Section, and the Administrative Agent and such Lender, as applicable, shall, to the extent reasonable, co-operate with the
applicable Borrower in such Borrower obtaining any such protective order. 

  

	 	(2)	 For purposes of this Section, “Information” means all information received from any Loan Party relating to any Loan Party or any
of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a non-confidential basis prior to such receipt or that was already in the possession of the
Administrative Agent or any Lender prior to such receipt. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised
the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information in accordance with its internal policies. In addition, the Administrative Agent may disclose to any agency or
organization that assigns standard identification numbers to loan facilities such basic information describing the facilities provided hereunder as is necessary to assign unique identifiers (and, if requested, supply a copy of this Agreement), it
being understood that the Person to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to make available to the public only such Information as such Person normally makes available in the
course of its business of assigning identification numbers. 

  

	 	(3)	 In addition, and notwithstanding anything herein to the contrary, the Administrative Agent may provide to Loan Pricing Corporation and/or other
recognized trade publishers information concerning the Borrowers and the Revolving Credit Facility established herein of the nature customarily provided to Loan Pricing Corporation and/or other recognized trade publishers of such information for
general circulation in the loan market. 

  

	 	(4)	 Each Lender that is subject to the requirements of the USA PATRIOT Act hereby notifies the Borrowers that pursuant to the requirements of the USA
PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrowers, which information includes the names and addresses of the Borrowers 

  
 - 149 - 

	 	 
and other information that will allow such Lender to identify the Borrowers in accordance with the Act. 

ARTICLE 22
 DOMESTIC
GUARANTEE 
  

	Section 22.01	Domestic Guarantee. 

 To induce the Administrative Agent, the Collateral Agent and the
Lenders to execute and deliver this Agreement and to make or maintain the Accommodations, and in consideration thereof, each Domestic Guarantor hereby, jointly and severally, and irrevocably and unconditionally, guarantees to the Administrative
Agent, the Collateral Agent, the Lenders, the Cash Management Banks and the Hedge Lenders (the Administrative Agent, the Collateral Agent, the Lenders, the Cash Management Banks and the Hedge Lenders are collectively, the “Guaranteed
Parties” and each a “Guaranteed Party”), due and punctual payment and performance to the Guaranteed Parties upon written demand made in accordance with the terms of this Agreement of all debts, liabilities and obligations
of or owing (a) by each Borrower under this Agreement or any other Credit Document and (b) by any other Loan Party under any Eligible Cash Management Agreement or any Eligible Hedging Agreement, in each case, to any Guaranteed Party at any
time, present and future, direct or indirect, absolute and contingent, matured or not, and all amendments, restatements, renewals, extensions or supplements and continuations thereof, and whether as principal or surety, and including, without
limitation, all liabilities of each Borrower arising as a consequence of its failure to pay or fulfil any of such debts, liabilities and obligations, excluding for all purposes of the foregoing for each Domestic Guarantor, all Hedging Obligations
that constitute Excluded Hedging Obligations for such Domestic Guarantor (collectively, the “Guaranteed Obligations” or the “Secured Obligations”). 

Each Domestic Guarantor which is incorporated or formed under the laws of a jurisdiction located within the United States, and by its
acceptance of this Guarantee, the Administrative Agent and each Lender, hereby confirms that it is the intention of all such Persons that this Guarantee and the Obligations of such Domestic Guarantor hereunder not constitute a fraudulent transfer or
conveyance for purposes of U.S. bankruptcy laws, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guarantee and the Guaranteed Obligations of
such Domestic Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the Lenders and such Domestic Guarantors hereby irrevocably agree that the Guaranteed Obligations of such Domestic Guarantor under this Guarantee at
any time shall be limited to the maximum amount as will not result in the Guaranteed Obligations of such Domestic Guarantor under this guarantee constituting a fraudulent transfer or conveyance. 

Each Domestic Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Lender
under this Guarantee or any other guarantee, such Domestic Guarantor will contribute, to the maximum extent permitted by Law, such amounts to each other Domestic Guarantor and each other guarantor so as to maximize the

  
 - 150 - 

 
aggregate amount paid to the Administrative Agent and the Lenders under or in respect of the Credit Documents. 
  

	Section 22.02	Indemnity. 

 In addition to the guarantee specified in Section 22.01, each Domestic
Guarantor agrees to, jointly and severally, indemnify and save each Guaranteed Party harmless from and against all costs, losses, expenses and damages it may suffer as a result or consequence of any Borrower’s default in the performance of any
of the Guaranteed Obligations, any of the Guaranteed Obligations being or becoming void, voidable or unenforceable or ineffective against any Borrower, or any inability by any Guaranteed Party to recover the ultimate balance due or remaining unpaid
to such Guaranteed Party in respect of the Guaranteed Obligations, including without limitation, reasonable legal fees incurred by or on behalf of any Guaranteed Party resulting from any action instituted on the basis of this Guarantee, provided
that such indemnity shall not, as to any Guaranteed Party, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by a final non-appealable judgment to have
resulted from the gross negligence or wilful misconduct of such Guaranteed Party. 
  

	Section 22.03	Payment and Performance. 

  

	 	(1)	 If any Borrower fails or refuses to punctually make any payment or perform its Guaranteed Obligations, each Domestic Guarantor shall
unconditionally render any such payment or performance upon demand in accordance with the terms of this Guarantee. 

  

	 	(2)	 Nothing but payment and satisfaction in full of the Guaranteed Obligations shall release any Domestic Guarantor from its obligations under this
Guarantee, except for the disposition of such Domestic Guarantor in a transaction permitted by this Agreement. 

  

	Section 22.04	Continuing Obligation. 

 The only condition (and no other document, proof or action other
than as specifically provided in this Guarantee is) necessary as a condition of each Domestic Guarantor honouring its obligations under this Guarantee shall be a written demand by the Administrative Agent following the occurrence of an Event of
Default which is continuing. This Guarantee shall be a continuing guarantee, shall cover all the Guaranteed Obligations, and shall apply to and secure any ultimate balance due or remaining unpaid to any Guaranteed Party. This Guarantee shall
continue to be binding regardless of: 
  

	 	(1)	 whether any other Person or Persons (an “Additional Guarantor”) shall become in any other way responsible to any Guaranteed Party
for, or in respect of all or any part of the Guaranteed Obligations; 

  

	 	(2)	 whether any such Additional Guarantor shall cease to be so liable; 

  
 - 151 - 

	 	(3)	 the enforceability, validity, perfection or effect of perfection or non-perfection of any security interest securing the Guaranteed Obligations, or
the validity or enforceability of any of the Guaranteed Obligations; or 

  

	 	(4)	 whether any payment of any of the Guaranteed Obligations has been made and where such payment is rescinded or must otherwise be returned upon the
occurrence of any action or event, including the insolvency or bankruptcy of any Loan Party or otherwise, all as though such payment had not been made. 

  

	Section 22.05	Guarantee Unaffected. 

 This Guarantee shall not be determined or affected, or the
Guaranteed Parties’ rights under this Guarantee prejudiced by, the termination of any Guaranteed Obligations by operation of law or otherwise, including without limitation, the bankruptcy, insolvency, dissolution or liquidation of any Loan
Party, any change in the name, business, powers, capital structure, constitution, objects, organization, directors or management of any Loan Party, with respect to transactions occurring either before or after such change. This Guarantee is to
extend to the liabilities of the Person or Persons for the time being and from time to time carrying on the business now carried on by any Loan Party, notwithstanding any reorganization of any Loan Party or any Additional Guarantor or the
amalgamation of any Loan Party or any Additional Guarantor with one or more other corporations (in this case, this Guarantee shall extend to the liabilities of the resulting corporation and the terms “Domestic Guarantor”, and
“Additional Guarantor” shall include such resulting corporation) or any sale or disposal of any Loan Party’s or the Additional Guarantor’s business in whole or in part to one or more other Persons and all of such
liabilities shall be included in the Guaranteed Obligations. Each Domestic Guarantor agrees that the manner in which the Guaranteed Parties may now or subsequently deal with any other Loan Party or any Additional Guarantor or any security (or any
collateral subject to the security) or other guarantee in respect of the Guaranteed Obligations shall have no effect on any Domestic Guarantor’s continuing liability under this Guarantee and such Domestic Guarantor irrevocably waives any rights
it may have in respect of any of the above. 
  

	Section 22.06	Waivers. 

 Each Domestic Guarantor waives each of the following, to the fullest extent
permitted by Law: 
  

	 	(1)	 any defence based upon: 

  

	 	(a)	 the unenforceability or invalidity of all or any part of the Guaranteed Obligations, or any security or other guarantee for the Guaranteed
Obligations or any failure of any Guaranteed Party to take proper care or act in a commercially reasonable manner in respect of any security for the Guaranteed Obligations or any collateral subject to the security, including in respect of any
disposition of the Collateral or any set-off of any Loan Party’s bank deposits against the Guaranteed Obligations; 

  
 - 152 - 

	 	(b)	 any act or omission of a Loan Party or any other Person, including the Guaranteed Parties, that directly or indirectly results in the discharge or
release of a Loan Party or any other Person or any of the Guaranteed Obligations or any security for the Guaranteed Obligations; or 

  

	 	(c)	 any Guaranteed Party’s present or future method of dealing with any Loan Party, any Additional Guarantor or any security (or any collateral
subject to the security) or other guarantee for the Guaranteed Obligations; 

  

	 	(2)	 any right (whether now or hereafter existing) to require any Guaranteed Party, as a condition to the enforcement of this Guarantee including,
without limitation, any indemnity provided for herein: 

  

	 	(a)	 to accelerate any of the Guaranteed Obligations or proceed and exhaust any recourse against a Loan Party or any other Person;

  

	 	(b)	 to realize on any security that it holds; 

  

	 	(c)	 to marshall the assets of such Domestic Guarantor or any other Loan Party; or 

 

	 	(d)	 to pursue any other remedy that such Domestic Guarantor may not be able to pursue itself and that might limit or reduce such Domestic
Guarantor’s burden; 

  

	 	(3)	 presentment, demand, protest and notice of any kind including, without limitation, notices of default and notice of acceptance of this Guarantee;

  

	 	(4)	 all suretyship defences and rights of every nature otherwise available under Ontario law and the laws of any other jurisdiction; and

  

	 	(5)	 all other rights and defences (legal or equitable) the assertion or exercise of which would in any way diminish the liability of such Domestic
Guarantor under this Guarantee. 

  

	Section 22.07	Guaranteed Parties’ Right to Act. 

 Each Guaranteed Party has the right to deal with
any Domestic Guarantor, the documents creating or evidencing the Guaranteed Obligations and the security (or any collateral subject to the security) now or subsequently held by any Guaranteed Party (including without limitation, all modifications,
extensions, replacements, amendments, renewals, restatements, and supplements to such documents or security) as such Guaranteed Party may see fit, without notice to any Domestic Guarantor or any Additional Guarantor and without in any way affecting,
relieving, limiting or lessening such Domestic Guarantor’s or any Additional Guarantor’s liability under this Guarantee. Without limitation, each Guaranteed Party may: 

  
 - 153 - 

	 	(1)	 grant time, renewals, extensions, indulgences, releases and discharges to any Domestic Guarantor; 

 

	 	(2)	 take new or additional security (including without limitation, other guarantees) from any Domestic Guarantor; 

 

	 	(3)	 discharge or partially discharge any or all existing security; 

 

	 	(4)	 elect not to take security from any Domestic Guarantor or not to perfect security; 

 

	 	(5)	 cease or refrain from, or continuing to, giving credit or making loans or advances to any Domestic Guarantor; 

 

	 	(6)	 accept partial payment or performance from any Domestic Guarantor or otherwise waive compliance by any Domestic Guarantor with the terms of any of
the documents or security; 

  

	 	(7)	 assign any such document or security to any Person or Persons; 

 

	 	(8)	 deal or dispose in any manner (whether commercially reasonably or not) with any security (or any collateral subject to the security) or other
guarantee for the Guaranteed Obligations; or 

  

	 	(9)	 apply all dividends, compositions and moneys at any time received from any Domestic Guarantor or others or from the security upon such part of the
Guaranteed Obligations as each Guaranteed Party deems appropriate. 

  

	Section 22.08	Assignment and Postponement. 

 All indebtedness and liability, present and future,
of each Loan Party to each Domestic Guarantor are hereby assigned to the Administrative Agent on behalf and for the benefit of the Guaranteed Parties and postponed to the Guaranteed Obligations, and, following the occurrence of an Event of Default
that is continuing, all monies received by any Domestic Guarantor in respect thereof shall be received in trust for the Guaranteed Parties and forthwith upon receipt thereof shall be paid over to the Administrative Agent on behalf and for the
ratable benefit of the Guaranteed Parties; provided that, for the avoidance of doubt, absent the continuance of an Event of Default, this Section 22.08 shall not prohibit or restrict payments and repayments by or to any Domestic Guarantor to
the extent otherwise permitted by this Agreement. 
  

	Section 22.09	Action or Inaction. 

 Except as otherwise provided at Law, no action or omission on the
part of any Guaranteed Party in exercising or failing to exercise its rights under this Section or in connection with or arising from all or part of the Guaranteed Obligations shall make any Guaranteed Party liable to any Domestic Guarantor for any
loss occasioned to such Domestic Guarantor. No loss of or in respect of any securities received by any Guaranteed Party from any other Loan Party or others, 

  
 - 154 - 

 
whether occasioned by any Guaranteed Party’s fault or otherwise, shall in any way affect, relieve, limit or lessen any Domestic Guarantor’s liability under this Guarantee. 

 

	Section 22.10	Guaranteed Parties’ Rights. 

 The rights and remedies provided in this Section are
cumulative and may be exercised singly or concurrently, and are not exclusive of any rights or remedies provided by Law. 
  

	Section 22.11	Demand. 

 The Administrative Agent may make demand in writing to any Domestic Guarantor
at any time and from time to time after the occurrence of and during the continuance of an Event of Default, each such written demand to be accepted by such Domestic Guarantor as complete and satisfactory evidence of the amount of the Guaranteed
Obligations to be paid by such Domestic Guarantor absent manifest error. Each Domestic Guarantor shall pay to the Administrative Agent such amount or amounts payable under this Guarantee immediately upon such written demand. 

 

	Section 22.12	No Representations. 

 Each Domestic Guarantor acknowledges that this Guarantee has been
delivered free of any conditions and that there are no representations which have been made to such Domestic Guarantor affecting such Domestic Guarantor’s liability under this Guarantee except as may be specifically embodied in this Guarantee
and agrees that this Guarantee is in addition to and not in substitution for any other guarantee(s) held or which may subsequently be held by or for the benefit of any Guaranteed Party. 

 

	Section 22.13	Keepwell. 

 Each Domestic Guarantor that is a Qualified ECP Guarantor at the time of the
Guarantee made by such Domestic Guarantor that is not then an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder (a “Specified Loan Party”) or the grant of a security
interest under the Credit Documents by any such Specified Loan Party, in either case, becomes effective with respect to any Hedging Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such
funds or other support to each Specified Loan Party with respect to such Hedging Obligation as may be needed by such Specified Loan Party from time to time to honor all of its Obligations under the Credit Documents in respect of such Hedging
Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s Obligations and undertakings under this Section 22.13, or otherwise under this Agreement
or any other Credit Document, voidable under applicable Debtor Relief Laws, and not for any greater amount). The Obligations and undertakings of each applicable Domestic Guarantor under this Article shall remain in full force and effect until the
Guaranteed Obligations have been paid in full and the commitments relating thereto have expired or been terminated. Each Domestic Guarantor intends this Section 22.13 to constitute, and this Section 22.13 shall be deemed to constitute, a guarantee
of the Obligations of, and a “keepwell, support, 

  
 - 155 - 

 
or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 
  

	Section 22.14	Intercreditor Agreement. 

 Each Lender hereby approves the Intercreditor Agreement and
authorizes the Administrative Agent to execute the Intercreditor Agreement on its behalf. Without limiting the foregoing and notwithstanding any other provision of this Agreement or any other Credit Document, any requirement under this Agreement or
under any other Credit Document providing for Collateral to be delivered to the Administrative Agent or the Collateral Agent shall be satisfied upon the delivery of such Collateral to the Authorized Representative (as defined in the Intercreditor
Agreement) for the applicable Secured Parties. 
 ARTICLE 23 

AFFIRMATION OF GUARANTEES AND SECURITY DOCUMENTS 
  

	Section 23.01	Affirmation. 

 The obligations of the Loan Parties and each Domestic Guarantor contained
in the Domestic Guarantees shall remain in full force and effect and are hereby confirmed, renewed, affirmed and continued by this Agreement and are enforceable against the Loan Parties and each of the Domestic Guarantors. All rights, benefits,
interests, duties, liabilities and obligations of the parties to the Security Documents (excluding any Security Documents entered into by Foreign Guarantors), as amended below, are hereby confirmed, renewed, affirmed and continued by this Agreement
and continue to secure, apply and extend to all debts, liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured or unmatured, at any time or from time to time due or accruing due and owing by or otherwise
payable by the Loan Parties and each Domestic Guarantor to the Collateral Agent (as defined in the Original Credit Agreement) for the benefit of the Secured Creditors (as defined in the Security Documents), or any one or more of them, in any
currency, under, in connection with or pursuant to the Domestic Guarantees and any other Credit Document to which the Loan Parties and each Domestic Guarantor is a party. Without limitation of the foregoing, all security interests, pledges,
assignments and other Encumbrances previously granted by any Domestic Guarantor, as a Grantor, pursuant to the Security Documents are confirmed, renewed, affirmed and continued by this Agreement, and all such security interests, pledges, assignments
and other Encumbrances shall remain in full force and effect as security for all obligations thereunder with no change in the priority applicable thereto, in each case, subject only to Encumbrances permitted under the Credit Documents, to the extent
provided therein. 
 References in the Security Documents to which each of the Loan Parties and each Domestic Guarantor is a party are
hereby amended to (i) refer to the credit facility being made to Open Text ULC and Open Text Holdings, Inc. in addition to Open Text Corporation, (ii) refer to the Administrative Agent as Barclays Bank PLC, (iii) refer to the
Collateral Agent as Barclays Bank PLC; and (iv) replace the definition of Credit Agreement with the following: 

  
 - 156 - 

 ““Credit Agreement” means the credit agreement dated as of
October 2, 2006, as Amended as of February 15, 2007, and as of September 24, 2009, and as Amended and Restated as of November 9, 2011, as amended as of December 16, 2013 and as of December 22 2014, and as further
Amended and Restated as of the Effective Date as defined in the Second Amended and Restated Credit Agreement, among Open Text ULC, Open Text Corporation and Open Text Holdings, Inc., as Borrowers, the Domestic Guarantors party thereto, the financial
institutions named therein as Lenders, the Administrative Agent and the Collateral Agent, as the same may be amended, modified, extended, renewed, replaced, restated, supplemented or refinanced from time to time and includes any agreement extending
the maturity of, refinancing or restructuring all or any portion of, the indebtedness under such agreement or any successor agreements, whether or not with the same Collateral Agent or Lenders.” 

ARTICLE 24 
 PARALLEL
DEBT 
  

	Section 24.01	Definitions. 

 In this Article 24: 

“Corresponding Debt” means the Accommodations Outstanding and any unused Commitments in effect. 

“Parallel Debt” means any amount which a Borrower owes to the Administrative Agent under this Article 24. 

 

	Section 24.02	Undertaking. 

 Each Loan Party irrevocably and unconditionally undertakes to pay to the
Administrative Agent amounts equal to, and in the currency or currencies of, its Corresponding Debt. 
  

	Section 24.03	Characteristics. 

 The Parallel Debt of each Loan Party: 

(1) shall become due and payable at the same time as its Corresponding Debt; and 

(2) is independent and separate from, and without prejudice to, its Corresponding Debt. 

 

	Section 24.04	Administrative Agent. 

 For purposes of this Article 24, the Administrative Agent: 

  
 - 157 - 

 (1) is the independent and separate creditor of each Parallel Debt; 

(2) acts in its own name and not as agent, representative or trustee of the Lenders and its claims in respect of each Parallel
Debt shall not be held on trust; and 
 (3) shall have the independent and separate right to demand payment of each Parallel
Debt in its own name (including, without limitation, through any suit, execution, enforcement of security, recovery of guarantees and applications for and voting in any kind of insolvency proceeding). 

 

	Section 24.05	Payments of Parallel Debt. 

 The Parallel Debt of a Loan Party shall be
(a) decreased to the extent that its Corresponding Debt has been irrevocably and unconditionally paid or discharged, and (b) increased to the extent to that its Corresponding Debt has increased, and the Corresponding Debt of a Loan Party
shall be (x) decreased to the extent that its Parallel Debt has been irrevocably and unconditionally paid or discharged, and (y) increased to the extent that its Parallel Debt has increased, in each case provided that the Parallel Debt of
a Loan Party shall never exceed its Corresponding Debt. 
  

	Section 24.06	Application of Payments of Parallel Debt. 

 All amounts received or recovered by the
Agent in connection with this Article 24, to the extent permitted by applicable law, shall be applied in accordance with Section 2.10. 
  

	Section 24.07	Application to German Security Only. 

 Notwithstanding anything to the contrary contained
herein, this Article 24 shall only apply to Loan Parties incorporated or formed under the law of Germany in connection with the Credit Documents governed by German law. 

[Remainder of this page intentionally left blank.] 

  
 - 158 - 

 SCHEDULE 1 

FORM OF BORROWING NOTICE 

[Date] 
 Barclays Bank PLC, as Administrative
Agent 
 1301 Avenue of the Americas 
 New York, New York 10019

 Attention: Hapreet Kaur 
 Email:
hapreet.kaur@barclayscapital.com 
 Phone: (212) 320 - 7741 

Fax: (917) 522 – 0569 
 Group Email:
XraUSLoanOps5@barcap.com 
 Ladies and Gentlemen: 

The undersigned, [NAME OF APPLICABLE BORROWER], refers to the second amended and restated credit agreement dated as of
[            ], 20[    ] (as further amended, supplemented, replaced or restated from time to time, the “Credit Agreement,” the terms defined therein
being used herein as therein defined) among Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as initial borrowers and certain Subsidiaries of Open Text Corporation and Lenders party thereto, Barclays Bank PLC, as sole
administrative agent, Barclays Bank PLC, as collateral agent and Royal Bank of Canada, as documentary credit lender, and hereby gives you notice pursuant to Section 3.02 of the Credit Agreement that the undersigned hereby requests a Borrowing
under the Credit Agreement, and, in that connection sets forth below the information relating to such Borrowing as required by Section 3.02 of the Credit Agreement: 

 

	 	(a)	 The date of the Borrowing, being a Business Day, is —. 

 

	 	(b)	 The aggregate amount of the Borrowing is —. 

 

	 	(c)	 The Type of Advance requested is — [specify Type of Advance]. 

 

	 	(d)	 The initial Interest Period applicable to the Borrowing is — [for LIBOR Advances].

 The undersigned hereby certifies and confirms that on the date of this Accommodation Notice and the date of the
corresponding Accommodation, and immediately after giving effect thereto and to the application of any proceeds therefrom, (x) the representations and warranties contained in Article 6 of the Credit Agreement are true and correct in all
material respects on and as of each such date, all as though made on and as of each such date, except for those changes to the representations and warranties which have been disclosed to and accepted by the

 
Administrative Agent and the Lenders pursuant to Section 17.01 and any representation and warranty which is stated to be made as of a certain date (and then as of such date), and (y) no
event or condition has occurred and is continuing, or would result from such Accommodation or giving effect to this Accommodation Notice, which constitutes a Default or an Event of Default. The undersigned further confirms and certifies to each
Lender that the proceeds of the proposed Borrowing will be used solely for the purposes permitted by the Credit Agreement. 
  

			
	 Yours truly,

	
	 [NAME OF APPLICABLE BORROWER]

		
	 Per:
	 	  

		 	 Authorized Signatory

  
 - 2 - 

 SCHEDULE 2 

FORM OF INTEREST RATE ELECTION NOTICE 

[Date] 
 Barclays Bank PLC, as Administrative
Agent 
 1301 Avenue of the Americas 
 New York, New York 10019

 Attention: Hapreet Kaur 
 Email:
hapreet.kaur@barclayscapital.com 
 Phone: (212) 320 - 7741 

Fax: (917) 522 - 0569 
 Group Email:
XraUSLoanOps5@barcap.com 
 Ladies and Gentlemen: 

The undersigned, [NAME OF APPLICABLE BORROWER], refers to the second amended and restated credit agreement dated as of
[            ], 20[    ] (as further amended, supplemented, replaced or restated from time to time, the “Credit Agreement,” the terms defined therein
being used herein as therein defined) among Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as initial borrowers and certain Subsidiaries of Open Text Corporation and Lenders party thereto, Barclays Bank PLC, as sole
administrative agent, Barclays Bank PLC, as collateral agent and Royal Bank of Canada, as documentary credit lender, and hereby gives you notice pursuant to Section 3.03(3) of the Credit Agreement that the undersigned hereby elects to [change
one Type of Advance to another Type ·of Advance or Type of Accommodation under the Credit Agreement] [continue a LIBOR Advance for an additional Interest Period], and in that connection sets forth below the information relating to such
election as required by Section 3.03(3) of the Credit Agreement: 
  

	 	(a)	 If the Type of Advance is to be changed: 

  

	 	(i)	 the Type of Advance to be changed is — ; 

 

	 	(ii)	 the new Type of Advance or Type of Accommodation is — ; 

 

	 	(iii)	 the date of such change, being a Business Day, is — ; and 

 

	 	(iv)	 the initial Interest Period applicable to such Advance is — months [if applicable].

  

	 	(b)	 If the Advance is a LIBOR Advance which is to continue as a LIBOR Advance for an additional Interest Period, the subsequent Interest Period
applicable to such LIBOR Advance is — months. 

 
			
	 Yours truly,

	
	 [NAME OF APPLICABLE BORROWER]

		
	 Per:
	 	  

		 	 Authorized Signatory

 SCHEDULE 3 

REVOLVING CREDIT COMMITMENTS/ SWING LINE LENDER’S COMMITMENT/ DOCUMENTARY CREDIT COMMITMENTS 

 

													
	 Lender
	  	Revolving Credit
Commitment	 	  	Documentary
Credit
Commitment	 	  	Swing Line
Lender’s
Commitment	 
	 Barclays PLC
	  	$	55,000,000	  	  				  	$	5,000,000	  
	 Morgan Stanley Bank, N.A.
	  	$	42,500,000	  	  				  			
	 HSBC Bank Canada
	  	$	30,000,000	  	  				  			
	 Royal Bank of Canada
	  	$	30,000,000	  	  	$	35,000,000	  	  			
	 Citibank, N.A., Canadian branch
	  	$	30,000,000	  	  				  			
	 Bank of Tokyo-Mitsubishi UFJ (Canada)
	  	$	20,000,000	  	  				  			
	 National Bank of Canada
	  	$	14,500,000	  	  				  			
	 Bank of Montreal
	  	$	10,000,000	  	  				  			
	 Export Development Canada
	  	$	10,000,000	  	  				  			
	 ICICI Bank Canada
	  	$	10,000,000	  	  				  			
	 Bank of America, N.A., Canada Branch
	  	$	8,000,000	  	  				  			
	 Canadian Imperial Bank of Commerce
	  	$	8,000,000	  	  				  			
	 JPMorgan Chase Bank, N.A.
	  	$	8,000,000	  	  				  			
	 PNC Bank Canada Branch
	  	$	8,000,000	  	  				  			
	 The Bank of Nova Scotia
	  	$	8,000,000	  	  				  			
	 State Bank of India (Canada)
	  	$	4,000,000	  	  				  			
	 Wells Fargo Capital Finance, LLC
	  	$	4,000,000	  	  				  			
		  	  
	  
	 	  				  			
				
	 Total Revolving Credit Commitments
	  	$	300,000,000	  	  				  			
		  	  
	  
	 	  				  			

 SCHEDULE 4 

FORM OF ISSUE NOTICE 

[Date] 
 Royal Bank of Canada, as Sub-Collateral
Agent 
 20 King Street West, 4th Floor 
 Toronto, Ontario 

Attention: Moshira Abdel-Aziz 
 Email:
moshira.abdel-aziz@rbc.com 
 Phone: (416) 974-6107 

with a copy to: 
 Barclays Bank PLC, as Administrative Agent

 1301 Avenue of the Americas 
 New York, New York 10019 

Attention: Hapreet Kaur 
 Email:
hapreet.kaur@barclayscapital.com 
 Phone: (212) 320 - 7741 

Fax: (917) 522 - 0569 
 Group Email:
XraUSLoanOps5@barcap.com 
 Ladies and Gentlemen: 

The undersigned, [NAME OF APPLICABLE DOCUMENTARY CREDIT BORROWER], refers to the second amended and restated credit agreement
dated as of [            ], 20[    ] (as further amended, supplemented, replaced or restated from time to time, the “Credit Agreement,” the terms
defined therein being used herein as therein defined) among Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as initial borrowers and certain Subsidiaries of Open Text Corporation and Lenders party thereto, Barclays Bank PLC, as
sole administrative agent, Barclays Bank PLC, as collateral agent and Royal Bank of Canada, as documentary credit lender, and hereby gives you notice pursuant to Section 4.02(1) of the Credit Agreement that the undersigned hereby requests an
Issue under the Credit Agreement, and, in that connection, sets forth below the information relating to such Issue (the “Proposed Issue”) as required by Section 4.02 of the Credit Agreement: 

 

	 	(c)	 The date of the Issue is —, which is a Business Day. 

 

	 	(d)	 The Type of Documentary Credit is —. 

 

	 	(e)	 The aggregate Face Amount of such Documentary Credit is — [insert amount and currency].

  

	 	(f)	 The expiration date of such Documentary Credit is —, which is a Business Day.

	 	(g)	 The name and address of the Beneficiary of the Documentary Credit is —. 

The undersigned hereby certifies and confirms that on the date of this Issue Notice and the date of the corresponding Accommodation, and
immediately after giving effect thereto, (x) the representations and warranties contained in Article 6 of the Credit Agreement are true and correct in all material respects on and as of each such date, all as though made on and as of each such
date, except for those changes to the representations and warranties which have been disclosed to and accepted by the Administrative Agent and the Lenders pursuant to Section 17.01 and any representation and warranty which is stated to be made
as of a certain date (and then as of such date), and (y) no event or condition has occurred and is continuing, or would result from such Accommodation or giving effect to this Issue Notice, which constitutes a Default or an Event of Default.

 The undersigned further confirms and certifies to the Documentary Credit Lender that the Documentary Credit is being issued for a purpose
permitted by the Credit Agreement. 
  

			
	 Yours truly,

	
	[NAME OF APPLICABLE DOCUMENTARY CREDIT BORROWER]
		
	 Per:
	 	  

		 	 Authorized Signatory

  
 - 2 - 

 SCHEDULE 5 

NOTICE PERIODS AND AMOUNTS 
  

							
	 Type of

Accommodation
	  	 Borrowing Notice or Issue

Notice (Sections 3.02(1) and 4.02(1))
	  	 Change

(Section 3.03(3))
	  	 Prepayment

Section 2.07

	ABR Advance	  	l Business Day	  	1 Business Day	  	3 Business Days
	LIBOR Advance	  	3 Business Days	  	3 Business Days	  	3 Business Days
	Documentary Credits	  	3 Business Days	  	-	  	-
	Swing Line Advance	  	Same Business Day	  	Same Business Day	  	Same Business Day

 In the case of change, the notice period applicable to the other Type of Accommodation or Advance into which
an Accommodation is to be changed must also be observed. The day on which any notice is given is included and the day on which the specified action is to occur is excluded in calculating the notice period. 

 SCHEDULE 6 

APPLICABLE MARGINS/UNUSED FACILITY FEE 
  

																	
	 Consolidated Net Leverage Ratio
	  	LIBOR Advances
(per annum);
Documentary Credit
Participation Fee	 	 	ABR Advances
(per annum)	 	 	Facility Fee	 	 	Documentary
Credit Fee	 
	 Greater than or equal to 1.50:1.00
	  	 	2.25	% 	 	 	1.25	% 	 	 	0.30	% 	 	 	0.25	% 
	 Less than 1.50:1.00 and greater than or equal to 1.00:1.00
	  	 	2.00	% 	 	 	1.00	% 	 	 	0.25	% 	 	 	0.25	% 
	 Less than 1.00:1.00
	  	 	1.75	% 	 	 	0.75	% 	 	 	0.15	% 	 	 	0.25	% 

 SCHEDULE 7 

FORM OF COMPLIANCE CERTIFICATE 

[Date] 
 Barclays Bank PLC, as Administrative
Agent 
 Barclays Bank PLC Bank Debt Management Group 
 745
Seventh Avenue 
 New York, New York 10019 
  

			
	 Attention:

Telephone:
 Facsimile:
	  	 Christopher R. Lee, Portfolio Manager
 (212)
526-0732
 (212) 220-9646

 Email: christopher.r.lee@barclays.com 

Ladies and Gentlemen: 
 The
undersigned, [NAME OF APPLICABLE BORROWER], refers to the second amended and restated credit agreement dated as of [            ], 20[    ] (as further amended,
supplemented, replaced or restated from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined) among Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as initial
borrowers and certain Subsidiaries of Open Text Corporation and Lenders party thereto, Barclays Bank PLC, as sole administrative agent, Barclays Bank PLC, as collateral agent, Royal Bank of Canada, as documentary credit lender, and Barclays Capital
and RBC Capital Markets, as joint lead arrangers and joint bookrunners. This Compliance Certificate is delivered pursuant to Section 7.01(1)(a)(iii) of the Credit Agreement for the Financial Quarter ending on [—] (the “Period”). 
 I,
                                        , the
[Chief Executive Officer], [Chief Financial Officer] [a senior officer] of Open Text Corporation, in such capacity and not personally, hereby certify that: 

 

	2.	 I am the duly appointed [Chief Executive Officer] [Chief Financial Officer] of Open Text Corporation and as such I am providing this certificate
for and on behalf of Open Text Corporation pursuant to the Credit Agreement. 

  

	3.	 I am familiar with and have examined the provisions of the Credit Agreement. 

 

	4.	 The financial statements most recently delivered pursuant to Section 7.01(l)(a)(i) or Section 7.01(l)(a)(ii), as applicable, of the
Credit Agreement present fairly the financial position, results of operations and changes in financial position of the persons specified therein in accordance with GAAP (subject to normal year-end adjustments and the absence of any required notes to
such financial statements). 

  

	5.	 The representations and warranties contained in Section 6.01 of the Credit Agreement are true and correct in all material respects as though
made on the date hereof, except for     

	 	 
those changes to the representations and warranties which have been disclosed to and accepted by the Administrative Agent and the Lenders pursuant to Section 17.01 and any representation and
warranty. which is stated to be made as of a certain date (and then as of such date). 

  

	6.	 As of the date hereof, no Default or Event of Default has occurred and is continuing. 

 

	7.	 As at the last day of the Period, the following ratio was as follows: 

 

	 	(a)	 Consolidated Net Leverage Ratio (7.03(1)(a)):
                     

Schedule A hereto sets forth details of the calculation of the above ratio. 

Dated this      day of             . 

 

	
	  

	 (Signature)

	
	  

	 (Name – please print)

	 [Title]

  
 - 2 - 

 SCHEDULE 9 

ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and
is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee) (the “Assignee”). Capitalized terms used but not dermed herein shall have the meanings given to them in the
Credit Agreement (as defined below), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part
of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby
irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date
inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the
extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including without limitation any Documentary Credits and
guarantees included in such facilities) and (ii) to the extent permitted to be assigned under Applicable Law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether
known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan-transactions governed thereby or in any way based on or related to any of the foregoing, including,
but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations
sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in
this Assignment and Assumption, without representation or warranty by the Assignor. 
  

							
	 8.
	 	 Assignor:
	  	  
	  	
				
	 9.
	 	 Assignee:
	  	  
	  	
		 	 [and is an Affiliate/Approved Fund of [identify Lender]1]

  

	10.	 Administrative Agent: , as the administrative agent under the Credit Agreement 

 

	11.	 Credit Agreement: means the second amended and restated credit agreement dated as of
[            ], 20[    ] (as further amended, supplemented, replaced or restated from time to time, the “Credit Agreement,” the terms defined therein
being used herein as therein defined) among Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as initial borrowers and certain Subsidiaries of Open Text Corporation and Lenders party 

 

	1 	 Select as applicable. 

	 	 
thereto, Barclays Bank PLC, as sole administrative agent, Barclays Bank PLC, as collateral agent and Royal Bank of Canada, as documentary credit lender. 

 

	12.	 Assigned Interest: 

  

									
	 Aggregate Amount of

Commitment/Advances for all

Lenders2
	 	Amount of
Commitment/Advances
Assigned3	 	Percentage Assigned of
Commitment / Advances4	 	 	CUSIP Number
	$            	 	$            	 	 	            	% 	 	
	$            	 	$            	 	 	            	% 	 	
	$            	 	$            	 	 	            	% 	 	

 [7. Trade Date:
                    ]5 

            , 20     [the “Effective Date”]
[TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth
in this Assignment and Assumption are hereby agreed to: 
  

			
	 ASSIGNOR

	 [NAME OF ASSIGNOR]

		
	 By:
	 	  

		 	 Title:

	
	 ASSIGNEE

	 [NAME OF ASSIGNEE]

		
	 By:
	 	  

		 	 Title:

 Consented to: 

 

	2 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	3 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	4 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Advances of all Lenders thereunder. 

	5 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date.

  
 - 2 - 

			
	[NAME OF ADMINISTRATIVE AGENT], as Administrative Agent
		
	 By
	 	  

		 	 Title:

	
	 Consented to:

	
	[NAME OF APPLICABLE BORROWER]
		
	 By
	 	  

		 	 Title:

	
	[Consented to:6]
	
	[NAME OF DOCUMENTARY CREDIT LENDER]
		
	 By
	 	  

		 	 Title:

  

	6 	 To be added only if the consent of the Documentary Credit Lender is required by the terms of the Credit Agreement. 

  
 - 3 - 

 ANNEX 1 to Assignment and Assumption 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the
legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Loan Parties or
any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Loan Parties or any other Person of any of their respective obligations under any Credit Document. 

1.2 Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the
Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent
of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 7.01(1) thereof,
as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made
such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, 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 Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. Each Assignee under the Revolving Credit Facility certifies that it complies with Section 9.02(5) of the Credit Agreement to the extent
applicable. 
 2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in
respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued prior to the Effective Date, and to the Assignee for amount which have accrued from and after the
Effective Date. 

 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and permitted assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy or by sending a scanned copy by electronic mail shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and
Assumption shall be governed by, and construed in accordance with, the law governing the Credit Agreement. 

  
 - 2 - 

 SCHEDULE “A” 

 

									
	Lender	  	 Assigned Lender’s

Commitment
	 	  	 Assigned Accommodations

Outstanding
	 
			
	 —
	  	$	—	  	  	$	—	  

 SCHEDULE 10 

DESIGNATED BORROWER REQUEST 

AND ASSUMPTION AGREEMENT 

[Date] 
 Barclays Bank PLC, as Administrative
Agent 
 Barclays Bank PLC Bank Debt Management Group 
 745
Seventh Avenue 
 New York, New York 10019 
  

			
	 Attention:

Telephone:
 Facsimile:
	  	 Christopher R. Lee, Portfolio Manager
 (212)
526-0732
 (212) 220-9646

 Email: christopher.r.lee@barclays.com 

Ladies and Gentlemen: 

Reference is made to that certain second amended and restated credit agreement dated as of
[            ], 20[    ] (as further amended, supplemented, replaced or restated from time to time, the “Credit Agreement,” the terms defined therein
being used herein as therein defined) among Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as initial borrowers and certain Subsidiaries of Open Text Corporation and Lenders party thereto, Barclays Bank PLC, as sole
administrative agent, Barclays Bank PLC, as collateral agent, Royal Bank of Canada, as documentary credit lender, and Barclays Capital and RBC Capital Markets, as joint lead arrangers and joint bookrunners. 

Please be advised that, pursuant to Section 2.03(2) of the Credit Agreement, Open Text Corporation hereby
designates the undersigned Subsidiary,                     , a              (the
“Designated Borrower”), as a “Designated Borrower” in the capacity as a Revolving Credit Borrower under and for all purposes of the Credit Agreement. 

The Designated Borrower, in consideration of the agreement of each applicable Revolving Credit Lender to extend credit to it
from time to time under, and on the terms and conditions set forth in, the Credit Agreement under the Revolving Credit Facility does hereby assume each of the obligations imposed upon a Designated Borrower and a Revolving Credit Borrower under the
Credit Agreement and agrees to be bound by all of the terms and conditions of the Credit Agreement. 
 In furtherance of the
foregoing, the Designated Borrower hereby represents and warrants to the Administrative Agent and each of the applicable Revolving Credit Lenders that each of the representations and warranties set forth in Article 6 of the Credit Agreement are true
and correct in all material respects as of the date hereof, except for those changes to the 

 
representations and warranties which have been disclosed to and accepted by the Administrative Agent and Lenders pursuant to Section 17.01 and any representation and warranty which is stated
to be made as of a certain date (and then as of such date), and that the proceeds of any Accommodation will only be used for purposes permitted under the Credit Agreement. 

The Designated Borrower hereby irrevocably appoints Open Text Corporation as its authorized agent to receive and deliver
notices in accordance with Section 2.03(3) of the Credit Agreement. 
 The Designated Borrower hereby agrees that prior
to becoming entitled to utilize the Credit Facilities provided for in the Credit Agreement the Administrative Agent and the Lenders under the applicable Facility or Facilities shall have received such supporting resolutions, incumbency certificates,
opinions of counsel and other documents or information (including, without limitation, all such documents or information required to comply with the Patriot Act), in each case consistent with the documents and information required to be delivered
thereunder with respect to the Borrowers on the Closing Date (but with such differences as may be appropriate in light of applicable local law), and promissory notes signed by such Designated Borrower to the extent any Lenders under the applicable
Facility so require. 
 [Remainder of Page Intentionally Left Blank] 

  
 - 2 - 

 THIS DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT AND THE CREDIT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE PROVINCE OF ONTARIO AND THE FEDERAL LAWS OF CANADA APPLICABLE IN
THAT PROVINCE. 
  

			
	 Very truly yours,

	
	 OPEN TEXT CORPORATION

		
	 By
	 	  

		 	 Name:

		 	 Title:

	
	 [THE DESIGNATED BORROWER]

		
	 By
	 	  

		 	 Name:

		 	 Title:

  

			
	 Acknowledged and Agreed to

as of the date first above written:

Barclays Bank PLC, as Administrative Agent

		
	 By
	 	  

		 	 Name:

		 	 Title:

  
 - 3 - 

 SCHEDULE 11 

DESIGNATED BORROWER NOTICE 

[date] 
 To each of the Lenders party 

to the Credit Agreement 
 referred to below, and 

Open Text ULC 
 [ADDRESS] 

Attn: [RESPONSIBLE OFFICER OF OPEN TEXT] 
 Ladies and Gentlemen:

 Reference is made to that certain certain second amended and restated credit agreement dated as of
[            ], 20[    ] (as further amended, supplemented, replaced or restated from time to time, the “Credit Agreement,” the terms defined therein being
used herein as therein defined) among Open Text ULC, Open Text Holdings, Inc. and Open Text Corporation, as initial borrowers and certain Subsidiaries of Open Text Corporation and Lenders party thereto, Barclays Bank PLC, as sole administrative
agent, Barclays Bank PLC, as collateral agent, Royal Bank of Canada, as documentary credit lender, and Barclays Capital and RBC Capital Markets, as joint lead arrangers and joint bookrunners. 

Please be advised that, pursuant to Section 2.03(2) of the Credit Agreement, Open Text Corporation hereby gives notice
that as of             , 20    , the [Applicant Borrower] shall constitute a Designated Borrower for purposes of the Credit Agreement under the Revolving Credit
Facility. 
  

			
	 Very truly yours,

	
	 Barclays Bank PLC, as Administrative Agent

		
	 By
	 	  

	 Name:

	 Title:

 SCHEDULE 12 

DESIGNATED BORROWERS 
 Open Text ULC 

Open Text Corporation 
 Open Text Holdings, Inc. 

 SCHEDULE 13 

FORM OF INTERCREDITOR AGREEMENT 

 SCHEDULE A 

Jurisdiction of Incorporation; Equity Securities; Locations; Etc. 

 

	1.	 Jurisdictions of Incorporation, Etc. 

  

			
	 Party
	  	 Jurisdiction of Incorporation

	
	Borrowers:
		
	 1.        Open Text ULC
	  	Nova Scotia, Canada
	 2.        Open Text Holdings, Inc.
	  	Delaware, USA
	 3.        Open Text Corporation
	  	Canada
	
	Domestic Guarantors:
	 4.        Vignette Partnership, LP
	  	Delaware, USA
	 5.        Open Text Inc.
	  	Delaware, USA
	 6.        Easylink Services International Corporation
	  	Delaware, USA
	 7.        Open Text Canada Ltd.
	  	Canada
	 8.        EasyLink Services USA, Inc.
	  	Delaware, USA
	 9.        Xpedite Systems, LLC
	  	Delaware, USA
	 10.      GXS, Inc.
	  	Delaware, USA
	 11.      GXS International, Inc.
	  	Delaware, USA
	
	Foreign Guarantors:
	 12.      Open Text Coöperatief U.A.
	  	Netherlands
	 13.      Open Text SA
	  	Luxembourg
	 14.      Open Text Software GmbH
	  	Germany
	 15.      Open Text UK Limited
	  	United Kingdom
	 16.      Open Text Finance Sarl
	  	Luxembourg with Ireland branch
	 17.      Sysgenics Limited
	  	England & Wales
	
	Subsidiaries:
	 18.      2016090 Ontario Inc.
	  	Ontario
	 19.      2016091 Ontario Inc.
	  	Ontario
	 20.      8493642 Canada Inc.
	  	Canada
	 21.      Acquisition U.K. Limited
	  	England & Wales
	 22.      Cordys (Beijing) Co. Ltd.
	  	China
	 23.      Cordys Australia Pty. Ltd.
	  	Australia
	 24.      Cordys Deutschland Service GmbH
	  	Germany
	 25.      Cordys Hong Kong Ltd.
	  	Hong Kong
	 26.      Cordys Information Systems B.V. - China Representation Office
	  	China
	 27.      Cordys Israel Ltd.
	  	Israel
	 28.      Cordys Nordics AB
	  	Sweden
	 29.      Cordys Shanghai Co. Ltd.
	  	China
	 30.      Cordys Singapore Pte. Ltd.
	  	Singapore
	 31.      Cordys Software India Pvt. Ltd.
	  	India
	 32.      Cordys UK Ltd.
	  	England & Wales

			
	 33.      Easylink Do Brasil Comunicacoes Ltda
	  	Brazil
	 34.      Easylink Services (Deutschland) GMBH
	  	Germany
	 35.      Easylink Services (France) S.A.R.L.
	  	France
	 36.      Easylink Services (Hong Kong) Limited
	  	Hong Kong
	 37.      Easylink Services Australia Pty Limited
	  	Australia
	 38.      Easylink Services Corp. Pte Ltd
	  	Singapore
	 39.      Easylink Services Corporation India Private Limited
	  	India
	 40.      Easylink Services International Limited
	  	England & Wales
	 41.      Easylink Services International Limited - Ireland Branch
	  	Ireland
	 42.      Easylink Services K.K.
	  	Japan
	 43.      Easylink Services Korea Corporation
	  	Republic of Korea
	 44.      EC1 Pte. Ltd.
	  	Singapore
	 45.      Global 360 (Australia) Pty Limited
	  	Australia
	 46.      Global 360 China Limited
	  	Hong Kong
	 47.      Global 360 China Limited - China Branch
	  	China
	 48.      Global 360 Spain S.L.U.
	  	Spain
	 49.      GXS (ANZ) Pty Ltd.
	  	Australia
	 50.      GXS (ANZ) Pty Ltd. – NEW ZEALAND Branch
	  	New Zealand
	 51.      GXS (HK) Limited
	  	Hong Kong
	 52.      GXS (Shanghai) Software Software Development Limited
	  	China
	 53.      GXS AG
	  	Switzerland
	 54.      GXS B.V.
	  	Netherlands
	 55.      GXS Canada, Inc.
	  	Canada
	 56.      GXS Co. Ltd.
	  	Japan
	 57.      GXS de Mexico S. de R.L. de C.V.
	  	Mexico
	 58.      GXS GmbH
	  	Germany
	 59.      GXS Inc.
	  	South Korea
	 60.      GXS India Technology Centre Private Limited
	  	India
	 61.      GXS International, Inc. – HONG KONG BRANCH
	  	Delaware
	 62.      GXS International, Inc. – NETHERLANDS BRANCH
	  	Delaware
	 63.      GXS International, Inc. – SINGAPORE BRANCH
	  	Delaware
	 64.      GXS Limited
	  	England & Wales
	 65.      GXS Ltd.
	  	Thailand
	 66.      GXS Philippines, Inc.
	  	Philippines
	 67.      GXS S.A.
	  	Belgium
	 68.      GXS S.A. – LUXEMBOURG Branch
	  	Luxembourg
	 69.      GXS S.A.S.
	  	France
	 70.      GXS S.p.A.
	  	Italy
	 71.      Open Text Technologia Da Informacao (Brasil) Ltda.
	  	Brazil
	 72.      GXS UK Holding Limited
	  	England & Wales

			
	 73.      Harbinger de Mexico S. de R.L. de C.V.
	  	Mexico
	 74.      ICCM Professional Services Ltd.
	  	England & Wales
	 75.      InterCommerce Gateway, Inc.
	  	Philippines
	 76.      Metastorm Limited
	  	England & Wales
	 77.      Metastorm UK Limited
	  	England & Wales
	 78.      Nstein Technologies Inc.
	  	Quebec
	 79.      Open Text (Asia) Pte Limited
	  	Singapore
	 80.      Open Text (Hong Kong) Limited
	  	Hong Kong
	 81.      Open Text A/S
	  	Denmark
	 82.      Open Text AB
	  	Sweden
	 83.      Open Text AG
	  	Switzerland
	 84.      Open Text Brasil Comercio De Software LTDA
	  	Brazil
	 85.      Open Text Conseil Inc.
	  	Canada
	 86.      Open Text Coöperatief U.A. – BELGIUM Branch
	  	Belgium
	 87.      Open Text Corporation India Private Limited
	  	India
	 88.      Open Text Document Technologies GmbH
	  	Germany
	 89.      Open Text Finance SARL - IRELAND Place of Business
	  	Ireland
	 90.      Open Text Ireland Limited
	  	Ireland
	 91.      Open Text K.K.
	  	Japan
	 92.      Open Text LLC
	  	Russian Federation
	 93.      Open Text Middle East (Open Text Inc. - United Arab Emirates  Branch)
	  	United Arab Emirates
	 94.      Open Text New Zealand Limited
	  	New Zealand
	 95.      Open Text OY
	  	Finland
	 96.      Open Text Pty Limited
	  	Australia
	 97.      Open Text Public Sector Solutions, Inc
	  	Virginia
	 98.      Open Text S.r.l.
	  	Italy
	 99.      Open Text s.r.o.
	  	Czech Republic
	 100.    Open Text SA - IRELAND Place of Business
	  	Ireland
	 101.    Open Text SARL
	  	France
	 102.    Open Text Software Austria GmbH
	  	Austria
	 103.    Open Text Software S.L.U.
	  	Spain
	 104.    Open Text Software S.L.U. - Portugal Branch
	  	Portugal
	 105.    Open Text Software Technology (Shanghai) Co., Limited
	  	China
	 106.    Open Text Software Technology (Shanghai) Co., Limited – BEIJING  BRANCH
	  	China
	 107.    Open Text South Africa Pty Limited
	  	South Africa
	 108.    Open Text Sp.z.o.o.
	  	Poland
	 109.    Open Text Technologies India Private Limited
	  	India
	 110.    Open Text Venture Capital Investment Limited Partnership
	  	Ontario
	 111.    Open Text, S. de R.L. de C.V.
	  	Mexico
	 112.    Resonate KT Ltd.
	  	England & Wales
	 113.    StreamServe S.a.r.l. B.V.
	  	Netherlands - Luxembourg

			
	 114.    The Easylink Services Corporation SDN. BHD.
	  	Malaysia
	 115.    Vignette India Private Limited
	  	India
	 116.    Xpedite Inc.
	  	Japan
	 117.    Xpedite Systems (UK) Limited
	  	England & Wales
	 118.    Xpedite Systems AG
	  	Switzerland
	 119.    Xpedite Systems GmbH
	  	Germany
	 120.    Xpedite Systems Incorporated (Malaysia) SDN. BHD.
	  	Malaysia
	 121.    Xpedite Systems Limited
	  	New Zealand
	 122.    Xpedite Systems Limited
	  	Hong Kong
	 123.    Xpedite Systems Participations SARL
	  	France
	 124.    Xpedite Systems Pte Ltd
	  	Singapore
	 125.    Xpedite Systems Pty Limited
	  	Australia
	 126.    Xpedite Systems S.r.l.
	  	Italy
	 127.    Xpedite Systems SA
	  	France
	 128.    Xpedite Systems Spain, SA
	  	Spain
	 129.    Xpedite, Ltd.
	  	Republic of Korea

 See also Schedule F for full Open Text organization charts. 

 

	2.	 Current Canadian Chief Executive Office and Principal Place of Business and Domicile 

Open Text Corporation 
 275
Frank Tompa Drive 
 Waterloo, Ontario 

N2L 0A1 
 Open Text ULC 

1959 Upper Water Street 
 Suite 900 

Halifax, Nova Scotia 
 B3J 3N2 

Open Text Canada Ltd. 
 275 Frank Tompa 

Drive Waterloo, Ontario 
 N2L 0A1 

Vignette Partnership, LP; Open Text Inc.; Open Text Holdings, Inc.; Easylink Services International Corporation; EasyLink Services USA, Inc.;
Xpedite Systems, LLC; GXS, Inc.; GXS International, Inc.; Open Text Coöperatief U.A.; Open Text SA; Open Text Software GmbH; Open Text UK Limited; Open Text Finance Sarl - Located outside of Canada 

 

	3.	 Canadian Warehouses and Premises of Assets and Collateral 

 38 Leek Crescent 

Richmond Hill, Ontario 
 L4B 4N8 

10 Rideau Street 
 Ottawa, Ontario 

K1N 9J1 
 2680 Skymark Avenue, Suite 500 

Mississauga, Ontario 
 L4W 5L6 

See also Schedule C referenced herein. 
  

	4.	 Locations of Duplicate Copies of Records re: Collateral Records kept in Quebec 

Not Applicable 
  

	5.	 Securities and Instruments 

Securities owned by Domestic Guarantors: 
  

	 	(a)	 Open Text Corporation 

Open Text Corporation holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 2016090 Ontario Inc. (Ontario, Canada) 

  

	 	2.	 2016091 Ontario Inc. (Ontario, Canada) 

  

	 	3.	 Open Text (Hong Kong) Limited (Hong Kong) 

  

	 	4.	 8493642 Canada Inc. (Canada) 

  

	 	5.	 Nstein Technologies Inc. (Quebec, Canada) 

  

	 	6.	 Open Text (Asia) Pte Ltd. (Singapore) 

  

	 	7.	 Open Text K.K. (Japan) 

  

	 	8.	 Open Text Pty Ltd. (Australia) 

  

	 	9.	 Easylink Services K.K. (Japan) 

  

	 	10.	 GXS, Inc. (Delaware, USA) 

  

	 	11.	 Open Text Holdings, Inc. (Delaware, USA) 

Additional Securities held: 

	 	12.	 Open Text Brasil Comercio de Software Ltda. (Brazil) – 99% 

 

	 	13.	 Vignette Partnership, LP (Delaware, USA) – Limited Partner – 100% of Limited Partner Units 

 

	 	14.	 Open Text Coöperatief U.A. (Netherlands) – 99% 

 

	 	15.	 Easylink Services Corporation India Private Limited (India) – 99% 

 

	 	16.	 Open Text Canada Ltd. (Canada) – 89.7% 

  

	 	17.	 Open Text Corporation India Private Limited (India) – 99.9967% 

 

	 	18.	 Open Text S. de R.L. de C.V. (Mexico) – 99% 

  

	 	19.	 Open Text Venture Capital Investment Limited Partnership (Ontario) – Limited Partner - 100% of Limited Partner Units 

 

	 	20.	 Cordys Software India Pvt. Ltd. – 99.9999% 

  

	 	21.	 Open Text Technologies India Private Limited – 99.99% 

 

	 	22.	 Vignette India Private Limited – 99.9999% 

  

	 	(b)	 Vignette Partnership, LP 

Vignette Partnership, LP holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 EasyLink Services International Corporation (Delaware, USA) 

 

	 	2.	 Open Text ULC (Nova Scotia, Canada) 

  

	 	(c)	 Open Text Holdings, Inc. (Delaware, USA) 

Open Text Holdings, Inc. holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 Open Text Inc. (Delaware, USA) 

  

	 	2.	 Open Text Public Sector Solutions, Inc. (Virginia, USA) 

  

	 	(d)	 EasyLink Services International Corporation (Delaware, USA) 

EasyLink Services International Corporation holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 EasyLink Services USA, Inc. (Delaware, USA) 

  

	 	2.	 Xpedite Systems, LLC (Delaware, USA) 

	 	(e)	 Open Text ULC (Nova Scotia, Canada) 

Open Text ULC holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 Open Text SA (Luxembourg) 

  

	 	2.	 Sysgenics Limited (England & Wales) 

  

	 	3.	 ICCM Professional Services Ltd. (England & Wales) 

Additional Securities held: 
  

	 	4.	 Open Text Finance S.a.r.l. (Luxembourg) – 0.0028% 

  

	 	(f)	 Open Text Inc. (Delaware, USA) 

  

	 	1.	 Open Text Middle East (Open Text Inc. – United Arab Emirates Branch) 

 

	 	(g)	 Open Text Canada Ltd. (Canada) 

Securities held: 
  

	 	1.	 Vignette Partnership, LP (Delaware, USA) – general partner - 100% of general partner units 

 

	 	2.	 Open Text Coöperatief U.A. (Netherlands) – 1% 

  

	 	3.	 Cordys Software India Pvt. Ltd. – 0.0001% 

  

	 	4.	 Open Text Brasil Comercio De Software LTDA – 0.0001% 

 

	 	5.	 Open Text Corporation India Private Limited – 0.0033% 

 

	 	6.	 Open Text Technologies India Private Limited – 0.01% 

 

	 	7.	 Open Text, S. de R.L. de C.V. – 1% 

  

	 	8.	 Easylink Services Corporation India Private Limited – 0.01% 

 

	 	9.	 Easylink Do Brasil Comunicacoes Ltda – 0.2% 

  

	 	(h)	 EasyLink Services USA, Inc. (Delaware, USA) 

None. 

	 	(i)	 Xpedite Systems, LLC (Delaware, USA) 

Xpedite Sysems, LLC holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 Xpedite Inc. (Japan) 

  

	 	2.	 Xpedite, Ltd (Republic of Korea) 

  

	 	(j)	 GXS, Inc. (Delaware, USA) 

GXS, Inc. holds 100% of the issued and outstanding shares of the following: 
  

	 	1.	 GXS S.A. (Belgium) 

  

	 	2.	 GXS SpA (Italy) 

  

	 	3.	 Harbinger de Mexico, S. de C.V. de R.L. (dormant) (Mexico) 

 

	 	4.	 GXS AG (Switzerland) 

  

	 	5.	 GXS International, Inc. (Delaware, USA) 

  

	 	6.	 GXS Ltd. (Thailand) 

  

	 	7.	 GXS S.A.S. (France) 

Additional Securities held: 
  

	 	8.	 Open Text Tecnologia da Informaco (Brasil) Ltda – 99.99% (Brazil) 

 

	 	9.	 GXS Co. Ltd. – 50% (Japan) 

  

	 	10.	 GXS Inc. – 85% (Korea) 

  

	 	11.	 GXS de Mexico S de R.L. de C.V. – 99% (Mexico) 

  

	 	12.	 GXS India Technology Centre Private Limited (India) – 0.01% 

 

	 	(k)	 GXS International, Inc. (Delaware, USA) 

GXS International, Inc. holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 GXS (ANZ) Pty Limited (Australia) 

  

	 	2.	 GXS Canada, Inc. (Canada) 

  

	 	3.	 GXS GmbH (Germany) 

  

	 	4.	 GXS (HK) Limited (Hong Kong) 

	 	5.	 GXS B.V. (Netherlands) 

  

	 	6.	 GXS UK Holding Limited (United Kingdom) 

Additional Securities held: 
  

	 	7.	 GXS India Technology Centre Private Limited – 99.99% (India) 

 

	 	8.	 GXS Co. Ltd. – 50% (Japan) 

  

	 	9.	 GXS de Mexico S de R.L. de C.V. (Mexico) – 1% 

  

	 	10.	 GXS Philippines, Inc. – 99.98% (Philippines) 

  

	 	11.	 EC1 Pte Ltd – 81% (Singapore) 

  

	 	12.	 Open Text Tecnologia da Informaco (Brasil) Ltda (Brazil) – 0.01% 

 SCHEDULE B 

Litigation 
 The United
States Internal Revenue Service is examining certain of Open Text’s tax returns for fiscal year 2010 through fiscal year 2012, and in connection with those examinations is reviewing Open Text’s internal reorganization in fiscal year 2010
to consolidate certain intellectual property ownership in Luxembourg and Canada and Open Text’s integration of certain acquisitions into the resulting structure. These examinations may lead to proposed adjustments to Open Text’s taxes,
which may be material, individually or in the aggregate. 

 SCHEDULE C 

Location of Business 

Places of Business / Locations of Material Tangible Personal Property of Loan Parties 

 

			
	 Waterloo, Ontario
	  	275 Frank Tompa Drive, Waterloo, Ontario N2L 0A1
		
	 Brookpark, OH
	  	5347 West 161st Street, Brook Park, OH 44142
		
	 Richmond Hill, Ontario
	  	38 Leek Crescent, Richmond Hill, Ontario L4B 4N8
		
	 Tinton Falls, NJ
	  	100 Tormee Drive
		
	 Gaithersburg, MD
	  	9711 Washingtonian Blvd., Ste. 700, Gaithersburg, MD 20878
		
	 Makati City, Philippines
	  	Tower 2, RCBC Plaza 6819 Ayala Avenue corner Sen. Gil Puyat Avenue 1200 Makati City
		
	 Bellevue, WA
	  	301, 116th Avenue SE, Suite 500, Bellevue, WA 98004
		
	 Alpharetta, GA
	  	11720 AmberPark Drive Suite 200 Alpharetta, GA 30009
		
	 Amstelveen, NL
	  	Prof. E. M. Meijerslaan 1, 1183 AV, Amstelveen
		
	 Ottawa, Ontario
	  	10 Rideau Street, Ottawa, Ontario K1N 9J1
		
	 Austin, TX
	  	Four Barton Skyway, 1301 S Mopac Expressway, Ste 100
		
	 Putten, Netherlands
	  	Vanenburgerallee 3 and 4, 3882 RH - Putten
		
	 Bangalore, IN
	  	No.2, Prestige Emerald, 2nd Floor, Madras Bank Road, Lavelle Road Junction, Bangalore 560 001
		
	 Konstanz, DE
	  	Max-Stromeyer-Strasse 116, 78467 Konstanz
		
	 Dallas, TX
	  	One Lincoln Centre, 5400 LBJ Freeway, Dallas, TX 75240 Suite 300

			
		
	 Tucson, AZ
	  	155 North Rosemont Blvd, 1st floor, Tucson, Arizona 85711

 Additional locations of material tangible personal property by non-Loan Parties: 

Technopark2 

Werner-von-Siemens- Ring 20, D-85630 

Grasbrunn, Germany 

Thames Valley Park 

420 Thames Valley Park Drive 

Reading, UK 

RG6 1PU 

Unit No. 301, 3rd Floor, Building No. 14 & Unit 4, 9th
Floor 
 Building No. 20 

MindSpace IT Park, Hi-Tec City, Madhapur 

Hyderabad AP 500 081 India 

  
 - 2 - 

 SCHEDULE D 

Trademarks / Patents, Etc. 
 Nil. 

 SCHEDULE E 

Owned Real Property 
  

	•	 	 275 Frank Tompa Drive 

Waterloo, Ontario 

N2L 0A1 

Note: Building on this location is owned. However, land that building is situated on is leased. 

 

	•	 	 5347 West 161st Street 

Brook Park, OH 

44142 

 SCHEDULE F 

Subsidiaries 
 Open Text Organization
Chart as of December 16, 2014 is reproduced below. 

			
	 

  
 Page 1 of 5 

			
	

  
 Page 2 of 5 

			
	

  
 Page 3 of 5 

			
	

  
 Page 4 of 5 

			
	

  
 Page 5 of 5 

 SCHEDULE G 

Material Permits 
 Nil. 

 SCHEDULE H 

Material Agreements 
 Nil. 

 SCHEDULE I 

Environmental Matters 
 Nil. 

 SCHEDULE J 

Exempt Immaterial Subsidiaries 
  

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	1.    	 	2016090 Ontario Inc.	  	Ontario
	2.    	 	2016091 Ontario Inc.	  	Ontario
	3.    	 	8493642 Canada Inc.	  	Canada
	4.    	 	Acquisition U.K. Limited	  	England & Wales
	5.    	 	Cordys (Beijing) Co. Ltd.	  	China
	6.    	 	Cordys Australia Pty. Ltd.	  	Australia
	7.    	 	Cordys Deutschland Service GmbH	  	Germany
	8.    	 	Cordys Hong Kong Ltd.	  	Hong Kong
	9.    	 	Cordys Information Systems B.V. - China Representation Office	  	China
	10.  	 	Cordys Israel Ltd.	  	Israel
	11.  	 	Cordys Nordics AB	  	Sweden
	12.  	 	Cordys Shanghai Co. Ltd.	  	China
	13.  	 	Cordys Singapore Pte. Ltd.	  	Singapore
	14.  	 	Cordys Software India Pvt. Ltd.	  	India
	15.  	 	Cordys UK Ltd.	  	England & Wales
	16.  	 	Easylink Do Brasil Comunicacoes Ltda	  	Brazil
	17.  	 	Easylink Services (Deutschland) GMBH	  	Germany
	18.  	 	Easylink Services (France) S.A.R.L.	  	France
	19.  	 	Easylink Services (Hong Kong) Limited	  	Hong Kong
	20.  	 	Easylink Services Australia Pty Limited	  	Australia
	21.  	 	Easylink Services Corp. Pte Ltd.	  	Singapore
	22.  	 	Easylink Services Corporation India Private Limited	  	India
	23.  	 	Easylink Services International Limited	  	England & Wales
	24.  	 	Easylink Services International Limited - Ireland Branch	  	Ireland
	25.  	 	Easylink Services K.K.	  	Japan
	26.  	 	Easylink Services Korea Corporation	  	Republic of Korea
	27.  	 	EC1 Pte. Ltd.	  	Singapore

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	28.  	 	Global 360 (Australia) Pty Limited	  	Australia
	29.  	 	Global 360 China Limited	  	Hong Kong
	30.  	 	Global 360 China Limited - China Branch	  	China
	31.  	 	Global 360 Spain S.L.U.	  	Spain
	32.  	 	GXS (ANZ) Pty Ltd.	  	Australia
	33.  	 	GXS (ANZ) Pty Ltd. – NEW ZEALAND Branch	  	New Zealand
	34.  	 	GXS (HK) Limited	  	Hong Kong
	35.  	 	GXS (Shanghai) Software Software Development Limited	  	China
	36.  	 	GXS AG	  	Switzerland
	37.  	 	GXS B.V.	  	Netherlands
	38.  	 	GXS Canada, Inc.	  	Canada
	39.  	 	GXS Co. Ltd.	  	Japan
	40.  	 	GXS de Mexico S. de R.L. de C.V.	  	Mexico
	41.  	 	GXS GmbH	  	Germany
	42.  	 	GXS Inc.	  	South Korea
	43.  	 	GXS India Technology Centre Private Limited	  	India
	44.  	 	GXS International, Inc. – HONG KONG BRANCH	  	Delaware
	45.  	 	GXS International, Inc. – NETHERLANDS BRANCH	  	Delaware
	46.  	 	GXS International, Inc. – SINGAPORE BRANCH	  	Delaware
	47.  	 	GXS Limited	  	England & Wales
	48.  	 	GXS Ltd.	  	Thailand
	49.  	 	GXS Philippines, Inc.	  	Philippines
	50.  	 	GXS S.A.	  	Belgium
	51.  	 	GXS S.A. – LUXEMBOURG Branch	  	Luxembourg
	52.  	 	GXS S.A.S.	  	France
	53.  	 	GXS S.p.A.	  	Italy
	54.  	 	Open Text Technologia Da Informacao (Brasil) Ltda.	  	Brazil
	55.  	 	GXS UK Holding Limited	  	England & Wales
	56.  	 	Harbinger de Mexico S. de R.L. de C.V.	  	Mexico

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	57.  	 	ICCM Professional Services Ltd.	  	England & Wales
	58.  	 	InterCommerce Gateway, Inc.	  	Philippines
	59.  	 	Metastorm Limited	  	England & Wales
	60.  	 	Metastorm UK Limited	  	England & Wales
	61.  	 	Nstein Technologies Inc.	  	Quebec
	62.  	 	Open Text (Asia) Pte Limited	  	Singapore
	63.  	 	Open Text (Hong Kong) Limited	  	Hong Kong
	64.  	 	Open Text A/S	  	Denmark
	65.  	 	Open Text AB	  	Sweden
	66.  	 	Open Text AG	  	Switzerland
	67.  	 	Open Text Brasil Comercio De Software LTDA	  	Brazil
	68.  	 	Open Text Conseil Inc.	  	Canada
	69.  	 	Open Text Coöperatief U.A. – BELGIUM Branch	  	Belgium
	70.  	 	Open Text Corporation India Private Limited	  	India
	71.  	 	Open Text Document Technologies GmbH	  	Germany
	72.  	 	Open Text Finance SARL - IRELAND Place of Business	  	Ireland
	73.  	 	Open Text Ireland Limited	  	Ireland
	74.  	 	Open Text K.K.	  	Japan
	75.  	 	Open Text LLC	  	Russian Federation
	76.  	 	Open Text Middle East (Open Text Inc. - United Arab Emirates Branch)	  	United Arab Emirates
	77.  	 	Open Text New Zealand Limited	  	New Zealand
	78.  	 	Open Text OY	  	Finland
	79.  	 	Open Text Pty Limited	  	Australia
	80.  	 	Open Text Public Sector Solutions, Inc.	  	Virginia
	81.  	 	Open Text S.r.l.	  	Italy
	82.  	 	Open Text s.r.o.	  	Czech Republic
	83.  	 	Open Text SA - IRELAND Place of Business	  	Ireland
	84.  	 	Open Text SARL	  	France
	85.  	 	Open Text Software Austria GmbH	  	Austria
	86.  	 	Open Text Software S.L.U.	  	Spain

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	87.  	 	Open Text Software S.L.U. - Portugal Branch	  	Portugal
	88.  	 	Open Text Software Technology (Shanghai) Co., Limited	  	China
	89.  	 	Open Text Software Technology (Shanghai) Co., Limited – BEIJING BRANCH	  	China
	90.  	 	Open Text South Africa Pty Limited	  	South Africa
	91.  	 	Open Text Sp.z.o.o.	  	Poland
	92.  	 	Open Text Technologies India Private Limited	  	India
	93.  	 	Open Text Venture Capital Investment Limited Partnership	  	Ontario
	94.  	 	Open Text, S. de R.L. de C.V.	  	Mexico
	95.  	 	Resonate KT Ltd.	  	England & Wales
	96.  	 	StreamServe S.a.r.l. B.V.	  	Netherlands - Luxembourg
	97.  	 	The Easylink Services Corporation SDN. BHD.	  	Malaysia
	98.  	 	Vignette India Private Limited	  	India
	99.  	 	Xpedite Inc.	  	Japan
	100.	 	Xpedite Systems (UK) Limited	  	England & Wales
	101.	 	Xpedite Systems AG	  	Switzerland
	102.	 	Xpedite Systems GmbH	  	Germany
	103.	 	Xpedite Systems Incorporated (Malaysia) SDN. BHD.	  	Malaysia
	104.	 	Xpedite Systems Limited	  	New Zealand
	105.	 	Xpedite Systems Limited	  	Hong Kong
	106.	 	Xpedite Systems Participations SARL	  	France
	107.	 	Xpedite Systems Pte Ltd.	  	Singapore
	108.	 	Xpedite Systems Pty Limited	  	Australia
	109.	 	Xpedite Systems S.r.l.	  	Italy
	110.	 	Xpedite Systems SA	  	France
	111.	 	Xpedite Systems Spain, SA	  	Spain
	112.	 	Xpedite, Ltd.	  	Republic of Korea

 SCHEDULE K 

Existing Debt / Liens / Restrictions 

Existing Debt 
  

	 	1.	 Debt under the Term B Credit Agreement 

Existing Liens 
  

	 	1.	 Encumbrances securing Debt in a principal amount of up to U.S. $1,050,000,000 under the Term B Credit Agreement (or any Refinancing Debt in respect
thereof) 

  

	 	2.	 Encumbrances securing Debt referred to in clause (j) of the definition of Permitted Debt (or any Refinancing Debt in respect thereof)

 Existing Restrictions 
  

	 	1.	 EC1 Pte Ltd: Shareholders Agreement for Commerce Network Singapore Pte Ltd by and among GEIS International, Inc., ST Computer Systems &
Services Ltd, and Commerce Network Singapore Ltd., dated September 29, 1998 (Restrictions on EC1 Pte. Ltd. (Singapore) to pay dividends, enter certain transactions with affiliates or take certain other actions without approval of minority
shareholder) 

  

	 	2.	 GXS Ltd. (Korea): Stock Purchase Agreement, dated as of December 12, 1997, by and between the Digital Management Inc. Shareholders and GE
Information Services, Inc. (Restrictions on GXS Inc. (Korea) to pay dividends, enter certain transactions with affiliates or take certain other actions without approval of minority shareholder) 

 

	 	3.	 The Term B Credit Agreement and the credit documents relating thereto 

Open Text Intercompany Loans: 
  

							
	 Borrower
	  	 Lender
	  	Amount USD$	 
	 Open Text sp. Z.o.o.
	  	Open Text Software GmbH	  	 	440,852	  
	 Open Text sp. Z.o.o.
	  	Open Text Software GmbH	  	 	29,879	  
	 Open Text (Hong Kong) Ltd
	  	Open Text Inc. (Delaware)	  	 	1,685,770	  
	 Open Text Corporation
	  	Open Text Document Technologies GmbH	  	 	22,548,102	  
	 Open Text Pty Ltd
	  	Open Text SA	  	 	6,241,352	  
	 Open Text Conseil Inc
	  	Open Text SA	  	 	692,637	  

							
	 Open Text SA
	  	Open Text Software GmbH	  	 	10,788,132	  
	 Open Text Cooperatief U.A.
	  	Open Text AG	  	 	19,217,586	  
	 Open Text Corporation
	  	Open Text A/S	  	 	5,695,258	  
	 Open Text South Africa (Pty) Ltd.
	  	Open Text Cooperatief U.A.	  	 	820,454	  
	 Open Text Cooperatief U.A.
	  	Open Text SA	  	 	2,415,777	  
	 Open Text SA
	  	StreamServe Sarl B.V.	  	 	29,967,101	  
	 Open Text UK Limited.
	  	Metastorm Ltd	  	 	7,383,030	  
	 Open Text Inc. (Delaware)
	  	Open Text Finance SARL (Place of Business - Ireland)	  	 	31,792,745	  
	 Open Text (Hong Kong) Ltd
	  	Global 360 China Ltd	  	 	478,251	  
	 Open Text SA
	  	Open Text SA (Place of Business - Ireland)	  	 	525,000,000	  
	 Xpedite Systems SA
	  	Xpedite Systems Spain, S.A.	  	 	3,243,230	  
	 EasyLink Services International Corporation
	  	Vignette Partnership, LP	  	 	48,349,014	  
	 Xpedite Systems AG
	  	Xpedite Systems (UK) Limited	  	 	585,349	  
	 Xpedite Systems Participations E.U.R.L.
	  	EasyLink Services (France) S.A.R.L.	  	 	5,838,899	  
	 Xpedite Systems Participations E.U.R.L.
	  	Open Text Cooperatief U.A.	  	 	12,996,259	  
	 Xpedite Systems Participations E.U.R.L.
	  	EasyLink Services (France) S.A.R.L.	  	 	335,814	  
	 Xpedite Systems Participations E.U.R.L.
	  	Open Text Cooperatief U.A.	  	 	747,456	  
	 Xpedite Systems, LLC
	  	Xpedite Systems, LLC	  	 	1,788,077	  
	 Xpedite Systems, LLC
	  	Xpedite Systems, LLC	  	 	1,323,594	  
	 Open Text (Asia) Pte. Ltd.
	  	Xpedite Systems, LLC	  	 	2,064,000	  
	 Open Text UK Limited.
	  	EasyLink Services USA, Inc.	  	 	21,132,000	  
	 Open Text Pty Ltd
	  	Xpedite Systems, LLC	  	 	3,600,000	  
	 Open Text Pty Ltd
	  	Xpedite Systems SA	  	 	1,299,000	  
	 Open Text S.R.L.
	  	Xpedite Systems, LLC	  	 	1,600,000	  

							
	 Open Text (Hong Kong) Ltd
	  	Xpedite Systems, LLC	  	 	5,609,000	  
	 Open Text (Hong Kong) Ltd
	  	EasyLink Services International Limited	  	 	1,572,472	  
	 EasyLink Services (France) S.A.R.L.
	  	Xpedite Systems, LLC	  	 	2,109,962	  
	 Open Text Cooperatief U.A.
	  	Xpedite Systems, LLC	  	 	8,028,121	  
	 Open Text Cooperatief U.A.
	  	Metastorm Ltd	  	 	1,497,970	  
	 Open Text UK Limited.
	  	Resonate KT Ltd.	  	 	2,683,991	  
	 Sysgenics Ltd
	  	Open Text UK Limited.	  	 	3,528,646	  
	 Open Text UK Limited.
	  	ICCM Professional Services Lts	  	 	7,995,664	  
	 Open Text Corporation
	  	Open Text SA	  	 	27,500,000	  
	 EasyLink DO Brasil Comunicações LTDA.
	  	Open Text Brasil Comerico de Software Ltda.	  	 	788,939	  
	 Open Text Software Technology (Shanghai) Co., Limited
	  	Open Text (Asia) Pte. Ltd.	  	 	400,000	  
	 Open Text Corporation
	  	Open Text Cooperatief U.A.	  	 	12,800,000	  
	 Open Text Corporation
	  	EasyLink Services International Corporation	  	 	43,000,000	  
	 Open Text LLC (Russia)
	  	Open Text Cooperatief U.A.	  	 	122,229	  

 GXS intercompany loans: 
  

							
	 Borrower
	  	 Lender
	  	Amount US$	 
	 GXS, Inc.
	  	GXS International Branch	  	 	141,193,706	  
	 GXS, Inc.
	  	GXS International, Inc. - Amstelveen Branch	  	 	83,389,418	  
	 Acquisition UK Limited
	  	GXS International Branch	  	 	41,582,025	  
	 Acquisition UK Limited
	  	GXS Limited	  	 	7,720,762	  
	 GXS, Inc.
	  	GXS (ANZ) Pty Limited	  	 	6,104,148	  
	 GXS Tecnologia da Informaco (Brasil) Ltda
	  	GXS, Inc.	  	 	4,647,328	  
	 GXS, Inc.
	  	GXS GmbH	  	 	4,116,407	  
	 GXS, Inc.
	  	GXS SAS	  	 	3,507,215	  
	 GXS, Inc.
	  	GXS Tecnologia da Informaco (Brasil) Ltda	  	 	3,477,381	  
	 GXS, Inc.
	  	GXS Limited	  	 	3,298,800	  
	 GXS UK Holding Limited
	  	GXS Limited	  	 	2,962,462	  
	 GXS UK Holding Limited
	  	GXS Limited	  	 	2,902,933	  

							
	 GXS, Inc.
	  	GXS S.A.	  	 	2,494,792	  
	 GXS, Inc.
	  	GXS Limited	  	 	1,413,771	  
	 GXS Co Ltd
	  	GXS, Inc.	  	 	1,176,356	  
	 GXS, Inc.
	  	GXS GmbH	  	 	989,603	  
	 GXS, Inc.
	  	GXS S.A.	  	 	816,893	  

 SCHEDULE L 

A) Open Text Corporation - Intercompany Securities 
  

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 OPEN TEXT CORPORATION

	1.	 	2016090 Ontario Inc. (Canada)	  	Securities: 100 Common Shares	  	 100%
	  	 All

	2.	 	2016091 Ontario Inc. (Canada)	  	Securities: 100 Common Shares	  	 100%
	  	 All

	3.	 	Open Text (Hong Kong) Limited (Hong Kong)	  	Securities: 2 Ordinary Shares	  	 100%
	  	 All

	4.	 	8493642 Canada Inc. (Canada)	  	Securities: 1 Common Share	  	 100%
	  	 All

	5.	 	Nstein Technologies Inc. (Quebec, Canada)	  	Securities: 1,101 Common Shares	  	 100%
	  	 All

	6.	 	Open Text (Asia) Pte. Ltd. (Singapore)	  	Securities: 13,850,000 Ordinary Shares	  	 100%
	  	 All

	7.	 	Open Text K.K. (Japan)	  	Securities: 400 Common Shares	  	 100%
	  	 All

	8.	 	EasyLink Services K.K. (Japan)	  	Securities: 710 Common Shares	  	 100%
	  	 All

	9.	 	Open Text Pty Ltd. (Australia)	  	Securities: 100 Ordinary Shares	  	 100%
	  	 All

	10.	 	Open Text Holdings, Inc. (Delaware, USA)	  	Securities: 1,000 Common Shares	  	 100%
	  	 All

	11.	 	Open Text Brasil Comerico de Software Ltda. (Brazil)	  	Securities: 984,150 Quota	  	 99%
	  	 All

	12.	 	Vignette Partnership, LP (Delaware, USA)	  	Securities: Limited Partner Units	  	 92.41%
	  	 All

	13.	 	Open Text Coöperatief U.A. (Netherlands)	  	Securities: 99 Ordinary Shares	  	 99%
	  	 All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	14.	 	Open Text Canada Ltd. (Canada)	  	Securities: 2,027 Common Shares	  	 89,69%
	  	 All

	15.	 	Easylink Services Corporation India Private Limited (India)	  	Securities: 9,999 Common Shares	  	 99.99%
	  	 All

	16.	 	Open Text Technologies India Private Limited (India)	  	Securities: 9,999 Ordinary Shares 	  	 99.99%
	  	 All

	17.	 	Open Text Corporation India Private Limited (India)	  	Securities: 30,735 Common Shares	  	 99.9967%
	  	 All

	18.	 	Vignette India Pvt Ltd. (India)	  	Securities: 1,664,600 Common Shares	  	 99.9999%
	  	 All

	19.	 	Cordys Software India Pvt. Ltd. (India)	  	Securities: 1,065,361 Common Shares	  	 99.9999%
	  	 All

	20.	 	Open Text S. de R.L. de C.V. (Mexico)	  	Securities: 99,000 Mexico Pesos Equity Parts	  	 99%
	  	 All

	21.	 	Open Text Venture Capital Investment Limited Partnership (Ontario, Canada)	  	Securities: 5,250,001 Limited Partner Units	  	 100% (of LP Units)
	  	 All

	22.	 	GXS, Inc. (Delaware)	  	Securities: 700 shares Class A Common Stock; 175 shares Class A Common Stock	  	 100%
	  	 All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 EASYLINK SERVICES USA, INC.

		 	 Nil.
	  	
	 VIGNETTE PARTNERSHIP, LP

	1.	 	EasyLink Services International Corporation (Delaware, USA)	  	Securities: 100 common shares	  	 100%
	  	 All

	2.	 	Open Text ULC (Nova Scotia, Canada)	  	Securities: 9,238 common shares	  	 100%
	  	 All

	 OPEN TEXT INC.

	1.	 	Open Text Middle East – DUBAI, UAE Branch of Open Text Inc.	  	Securities: No securities issued	  	 N/A
	  	 N/A

	 OPEN TEXT ULC

	1.	 	Open Text SA (Luxembourg)	  	 Securities: 25,150,000 MRP A Shares
  

12,500,000 MRP C Shares
  

473,067,418 MRP B Shares
  

564,724,050 Ordinary Shares
	  	 97.94%
	  	 All

	2.	 	Sysgenics Ltd. (United Kingdom)	  	Securities: 320,250 Ordinary Shares and 140,000 Ordinary A Series Shares	  	 100%
	  	 All

	3.	 	ICCM Professional Services Ltd. (United Kingdom)	  	Securities: 50 Ordinary Shares	  	 100%
	  	 All

	4.	 	Open Text Finance Sarl (Luxembourg)	  	Securities: 1 Common Share	  	 0.0028%
	  	 All

	 OPEN TEXT HOLDINGS, INC.

	1.	 	Open Text Inc. (Delaware, USA)	  	Securities: 1,100 Common Shares	  	 100%
	  	 All

	2.	 	Open Text Public Sector Solutions, Inc. (Virginia, USA)	  	Securities: 1,000 Common Shares 	  	 100%
	  	 All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 EASYLINK SERVICES INTERNATIONAL CORPORATION

	1.	 	EasyLink Services USA, Inc. (Delaware, USA)	  	Securities: 1 common share	  	 100%
	  	 All

	2.	 	Xpedite Systems LLC (Delaware, USA)	  	Securities: 100 units	  	 100%
	  	 All

	 OPEN TEXT CANADA LTD.

	1.	 	Vignette Partnership, LP (Delaware, USA)	  	Securities: General Partner	  	 7.59%
	  	 All

	2.	 	Open Text Coöperatief U.A. (Netherlands)	  	Securities: 1 Ordinary Shares	  	 1%
	  	 All

	3.	 	Easylink Services Corporation India Private Limited (India)	  	Securities: 1 Common Share	  	 0.01%
	  	 All

	4.	 	Open Text Technologies India Private Limited (India)	  	Securities: 1 Ordinary Share	  	 0.01%
	  	 All

	5.	 	Open Text Corporation India Private Limited (India)	  	Securities: 1 Common Share	  	 0.0033%
	  	 All

	6.	 	Cordys Software India Pvt. Ltd. (India)	  	Securities: 1 Share	  	 0.0001%
	  	 All

	7.	 	Open Text S. de R.L. de C.V. (Mexico)	  	Securities: 1,000 Mexico Pesos Equity Parts	  	 1%
	  	 All

	8.	 	EasyLink Do Brasil Communicacoes Ltda. (Brazil)	  	Securities: 1,000 Common Shares	  	 0.2%
	  	 All

	9.	 	Open Text Brasil Comerico de Software Ltda. (Brazil)	  	Securities: 1 Quota 	  	 0.0001%
	  	 All

	 XPEDITE SYSTEMS, LLC

	1.	 	Xpedite Ltd. (South Korea)1	  	Securities: 450,000 Common Shares	  	 100%
	  	 65%

	2.	 	Xpedite Inc. (Japan)	  	Securities: 1900 Ordinary Shares	  	 100%
	  	 65%

  

	1 	 In process of being dissolved; dissolution expected to be completed in January 2015 effective as of October 31, 2014. 

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 GXS, INC.

	1.	 	GXS International, Inc.	  	Securities: 100 shares Common Stock	  	 100%
	  	 All

	2.	 	GXS S.A.	  	Securities: All	  	 100%
	  	 None

	3.	 	GXS SpA	  	Securities: All	  	 100%
	  	 None

	4.	 	Harbinger de Mexico, S. de C.V. de R.L. (dormant)	  	Securities: All	  	 100%
	  	 None

	5.	 	GXS AG	  	Securities: All	  	 100%
	  	 None

	6.	 	Open Text Tecnologia da Informaco (Brasil) Ltda	  	Securities: 99.9%	  	 99.9%
	  	 85%

	7.	 	GXS SAS	  	Securities: 99.9%	  	 99.9%
	  	 None

	8.	 	GXS Co. Ltd.	  	Securities: 200 shares	  	 50%
	  	 None

	9.	 	GXS Inc. (Korea)	  	Securities: 85%	  	 85%
	  	 None

	10.	 	GXS Mexico S de R.L. de C.V.	  	Securities: 2,970 pesos	  	 99%
	  	 None

	11.	 	GXS (Thailand) Ltd.	  	Securities: 149,994 shares	  	 99.99%
	  	 None

	12.	 	GXS India Technology Centre Private Limited	  	Securities: 1 share	  	 0.01%
	  	 None

	 GXS INTERNATIONAL, INC.

	1.	 	GXS (ANZ) Pty Limited	  	Securities: 9,000,000 shares	  	 100%
	  	 None

	2.	 	GXS Canada Inc.	  	Securities: 22,100 common shares	  	 100%
	  	 None

	3.	 	GXS GmbH	  	Securities: All	  	 100%
	  	 100%

	4.	 	GXS (HK) Limited	  	Securities: 3,864,903 shares	  	 100%
	  	 None

	5.	 	GXS B.V.	  	Securities: All	  	 100%
	  	 None

	6.	 	GXS UK Holding Limited	  	Securities: All	  	 100%
	  	 None

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	7.	 	GXS India Technology Centre Private Limited	  	Securities: 999,999 shares	  	 99.99%
	  	 None

	8.	 	GXS Co. Ltd.	  	Securities: 200 shares	  	 50%
	  	 None

	9.	 	GXS Mexico S de R.L. de C.V.	  	Securities: 30 pesos	  	 1%
	  	 None

	10.	 	GXS Philippines, Inc.	  	Securities: 99.88%	  	 99.88%
	  	 None

	11.	 	EC1 Pte Ltd	  	Securities: 81%	  	 81%
	  	 None

	12.	 	Open Text Tecnologia da Informaco (Brasil) Ltda	  	Securities: 1 quota	  	 0.01%
	  	 None

	 OPEN TEXT COÖPERATIEF U.A.

	1.	 	Open Text South Africa Pty. Ltd. (South Africa)	  	Securities: 90 Ordinary Shares	  	 90%
	  	 All

	2.	 	Open Text S.r.o. (Czech Republic)	  	Securities: CZK 200,000	  	 100%
	  	 All

	3.	 	Open Text SARL (France)	  	Securities: 6,003 Ordinary Shares	  	 100%
	  	 All

	4.	 	Open Text Software S.L.U. (Spain)	  	Securities: EURO 4,025	  	 100%
	  	 All

	5.	 	Open Text New Zealand Limited (New Zealand)	  	Securities: 100 Ordinary Shares 	  	 100%
	  	 All

	6.	 	Open Text Oy (Finland)	  	Securities: 100 Shares	  	 100%
	  	 All

	7.	 	Open Text S.R.L. (Italy)	  	Securities: EURO 100,000	  	 100%
	  	 All

	8.	 	EasyLink Services France SARL	  	Securities: 1,054,532 Shares	  	 100%
	  	 All

	9.	 	Xpedite Systems Participations E.U.R.L. (France)	  	Securities: 646,434 Shares	  	 69%
	  	 All

	10.	 	Open Text AG (Switzerland)	  	Securities: 1,100,000 Ordinary Shares	  	 100%
	  	 All

	11.	 	Open Text UK Limited (UK)	  	Securities: 8,600,100 Ordinary Shares	  	 100%
	  	 All

	12.	 	Open Text Ireland Limited (Ireland)	  	Securities: 60,003 Ordinary Shares	  	 100%
	  	 All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	13.	 	Open Text A/S (Denmark)	  	Securities: 5,000 Shares 	  	100%	  	All
	14.	 	Open Text AB (Sweden)	  	Securities: 100,000 Shares 	  	100%	  	All
	15.	 	Open Text Sp. Z.o.o. (Poland)	  	Securities: PLN 100,000	  	100%	  	All
	16.	 	Metastorm UK Ltd. (UK)	  	Securities: 1,000 Ordinary Shares 	  	100%	  	All
	17.	 	Open Text Coöperatief U.A. – BELGIUM Branch	  	Securities: No securities issued 	  	N/A	  	N/A
	18.	 	Open Text LLC (Russia)	  	Securities: RUR 5,600,000	  	100%	  	All
	19.	 	Cordys Information Systems B.V. – CHINA Representative Office	  	Securities: No securities issued	  	N/A	  	N/A
	 OPEN TEXT SA

	1.	 	StreamServe S.a.r.l. B.V. (Luxembourg/Netherlands)	  	Securities: 41 Ordinary Shares	  	100%	  	All
	2.	 	Open Text Finance SARL (Luxembourg)	  	Securities: 35,819,999 Ordinary Shares	  	99.9972%	  	All
	3.	 	Global 360 Spain S.L.U. (Spain)	  	Securities: 3,200 Shares	  	100%	  	All
	4.	 	Open Text SA – IRELAND PLACE OF BUSINESS (Ireland)	  	Securities: No securities issued	  	N/A	  	N/A
	 OPEN TEXT SOFTWARE GMBH

	1.	 	Open Text Software Austria GmbH (Austria)	  	Securities: 1 Share	  	100%	  	All
	2.	 	Open Text Document Technologies GmbH (Germany)	  	Securities: Euro 25,000	  	100%	  	All
	 OPEN TEXT UK LIMITED

	1.	 	Cordys UK Ltd. (United Kingdom)	  	Securities: 10,225,141 Ordinary Shares	  	100%	  	All
	2.	 	Xpedite Systems (UK) Limited	  	Securities: 6,351,711	  	100%	  	All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

		 	(United Kingdom)	  	Ordinary Shares	  		  	
	3.	 	EasyLink Services International Limited (United Kingdom)	  	Securities: 100 Ordinary Shares	  	100%	  	All
	 OPEN TEXT FINANCE S.A.R.L.

	1.	 	Open Text Finance SARL– IRELAND PLACE OF BUSINESS (Ireland)	  	Securities: No securities issued	  	N/A	  	N/A
	 SYSGENICS LIMITED

	1.	 	Resonate KT Ltd. (United Kingdom)	  	Securities: 600 Ordinary Shares	  	100%	  	All
	2.	 	Open Text SA (Luxembourg)	  	Securities: 16,359,483 MRP B Shares	  	1.49%	  	All

 EXHIBIT C 

REVISED SCHEDULES TO THE CREDIT AGREEMENT 

 SCHEDULE A 

Jurisdiction of Incorporation; Equity Securities; Locations; Etc. 

 

	1.	 Jurisdictions of Incorporation, Etc. 

  

					
	 Party
	  	 Jurisdiction of Incorporation

	
	Borrowers:
	1.	 	Open Text ULC	  	Nova Scotia, Canada
	2.	 	Open Text Holdings, Inc.	  	Delaware, USA
	3.	 	Open Text Corporation	  	Canada
	
	Domestic Guarantors:
	4.	 	Vignette Partnership, LP	  	Delaware, USA
	5.	 	Open Text Inc.	  	Delaware, USA
	6.	 	Easylink Services International Corporation	  	Delaware, USA
	7.	 	Open Text Canada Ltd.	  	Canada
	8.	 	EasyLink Services USA, Inc.	  	Delaware, USA
	9.	 	Xpedite Systems, LLC	  	Delaware, USA
	10.	 	GXS, Inc.	  	Delaware, USA
	11.	 	GXS International, Inc.	  	Delaware, USA
	
	Foreign Guarantors:
	12.	 	Open Text Coöperatief U.A.	  	Netherlands
	13.	 	Open Text SA	  	Luxembourg
	14.	 	Open Text Software GmbH	  	Germany
	15.	 	Open Text UK Limited	  	United Kingdom
	16.	 	Open Text Finance Sarl	  	Luxembourg with Ireland branch
	17.	 	Sysgenics Limited	  	England & Wales
	
	Subsidiaries:
	18.	 	2016090 Ontario Inc.	  	Ontario
	19.	 	2016091 Ontario Inc.	  	Ontario
	20.	 	8493642 Canada Inc.	  	Canada
	21.	 	Acquisition U.K. Limited	  	England & Wales
	22.	 	Cordys (Beijing) Co. Ltd.	  	China
	23.	 	Cordys Australia Pty. Ltd.	  	Australia
	24.	 	Cordys Deutschland Service GmbH	  	Germany
	25.	 	Cordys Hong Kong Ltd.	  	Hong Kong
	26.	 	Cordys Information Systems B.V. - China Representation Office	  	China
	27.	 	Cordys Israel Ltd.	  	Israel
	28.	 	Cordys Nordics AB	  	Sweden
	29.	 	Cordys Shanghai Co. Ltd.	  	China
	30.	 	Cordys Singapore Pte. Ltd.	  	Singapore
	31.	 	Cordys Software India Pvt. Ltd.	  	India
	32.	 	Cordys UK Ltd.	  	England & Wales

					
	33.	 	Easylink Do Brasil Comunicacoes Ltda	  	Brazil
	34.	 	Easylink Services (Deutschland) GMBH	  	Germany
	35.	 	Easylink Services (France) S.A.R.L.	  	France
	36.	 	Easylink Services (Hong Kong) Limited	  	Hong Kong
	37.	 	Easylink Services Australia Pty Limited	  	Australia
	38.	 	Easylink Services Corp. Pte Ltd	  	Singapore
	39.	 	Easylink Services Corporation India Private Limited	  	India
	40.	 	Easylink Services International Limited	  	England & Wales
	41.	 	Easylink Services International Limited - Ireland Branch	  	Ireland
	42.	 	Easylink Services K.K.	  	Japan
	43.	 	Easylink Services Korea Corporation	  	Republic of Korea
	44.	 	EC1 Pte. Ltd.	  	Singapore
	45.	 	Global 360 (Australia) Pty Limited	  	Australia
	46.	 	Global 360 China Limited	  	Hong Kong
	47.	 	Global 360 China Limited - China Branch	  	China
	48.	 	Global 360 Spain S.L.U.	  	Spain
	49.	 	GXS (ANZ) Pty Ltd.	  	Australia
	50.	 	GXS (ANZ) Pty Ltd. – NEW ZEALAND Branch	  	New Zealand
	51.	 	GXS (HK) Limited	  	Hong Kong
	52.	 	GXS (Shanghai) Software Software Development Limited	  	China
	53.	 	GXS AG	  	Switzerland
	54.	 	GXS B.V.	  	Netherlands
	55.	 	GXS Canada, Inc.	  	Canada
	56.	 	GXS Co. Ltd.	  	Japan
	57.	 	GXS de Mexico S. de R.L. de C.V.	  	Mexico
	58.	 	GXS GmbH	  	Germany
	59.	 	GXS Inc.	  	South Korea
	60.	 	GXS India Technology Centre Private Limited	  	India
	61.	 	GXS International, Inc. – HONG KONG BRANCH	  	Delaware
	62.	 	GXS International, Inc. – NETHERLANDS BRANCH	  	Delaware
	63.	 	GXS International, Inc. – SINGAPORE BRANCH	  	Delaware
	64.	 	GXS Limited	  	England & Wales
	65.	 	GXS Ltd.	  	Thailand
	66.	 	GXS Philippines, Inc.	  	Philippines
	67.	 	GXS S.A.	  	Belgium
	68.	 	GXS S.A. – LUXEMBOURG Branch	  	Luxembourg
	69.	 	GXS S.A.S.	  	France
	70.	 	GXS S.p.A.	  	Italy
	71.	 	Open Text Technologia Da Informacao (Brasil) Ltda.	  	Brazil
	72.	 	GXS UK Holding Limited	  	England & Wales

					
	73.	 	Harbinger de Mexico S. de R.L. de C.V.	  	Mexico
	74.	 	ICCM Professional Services Ltd.	  	England & Wales
	75.	 	InterCommerce Gateway, Inc.	  	Philippines
	76.	 	Metastorm Limited	  	England & Wales
	77.	 	Metastorm UK Limited	  	England & Wales
	78.	 	Nstein Technologies Inc.	  	Quebec
	79.	 	Open Text (Asia) Pte Limited	  	Singapore
	80.	 	Open Text (Hong Kong) Limited	  	Hong Kong
	81.	 	Open Text A/S	  	Denmark
	82.	 	Open Text AB	  	Sweden
	83.	 	Open Text AG	  	Switzerland
	84.	 	Open Text Brasil Comercio De Software LTDA	  	Brazil
	85.	 	Open Text Conseil Inc.	  	Canada
	86.	 	Open Text Coöperatief U.A. – BELGIUM Branch	  	Belgium
	87.	 	Open Text Corporation India Private Limited	  	India
	88.	 	Open Text Document Technologies GmbH	  	Germany
	89.	 	Open Text Finance SARL - IRELAND Place of Business	  	Ireland
	90.	 	Open Text Ireland Limited	  	Ireland
	91.	 	Open Text K.K.	  	Japan
	92.	 	Open Text LLC	  	Russian Federation
	93.	 	Open Text Middle East (Open Text Inc. - United Arab Emirates Branch)	  	United Arab Emirates
	94.	 	Open Text New Zealand Limited	  	New Zealand
	95.	 	Open Text OY	  	Finland
	96.	 	Open Text Pty Limited	  	Australia
	97.	 	Open Text Public Sector Solutions, Inc	  	Virginia
	98.	 	Open Text S.r.l.	  	Italy
	99.	 	Open Text s.r.o.	  	Czech Republic
	100.	 	Open Text SA - IRELAND Place of Business	  	Ireland
	101.	 	Open Text SARL	  	France
	102.	 	Open Text Software Austria GmbH	  	Austria
	103.	 	Open Text Software S.L.U.	  	Spain
	104.	 	Open Text Software S.L.U. - Portugal Branch	  	Portugal
	105.	 	Open Text Software Technology (Shanghai) Co., Limited	  	China
	106.	 	Open Text Software Technology (Shanghai) Co., Limited – BEIJING BRANCH	  	China
	107.	 	Open Text South Africa Pty Limited	  	South Africa
	108.	 	Open Text Sp.z.o.o.	  	Poland
	109.	 	Open Text Technologies India Private Limited	  	India
	110.	 	Open Text Venture Capital Investment Limited Partnership	  	Ontario
	111.	 	Open Text, S. de R.L. de C.V.	  	Mexico
	112.	 	Resonate KT Ltd.	  	England & Wales
	113.	 	StreamServe S.a.r.l. B.V.	  	Netherlands - Luxembourg

					
	114.	 	The Easylink Services Corporation SDN. BHD.	  	Malaysia
	115.	 	Vignette India Private Limited	  	India
	116.	 	Xpedite Inc.	  	Japan
	117.	 	Xpedite Systems (UK) Limited	  	England & Wales
	118.	 	Xpedite Systems AG	  	Switzerland
	119.	 	Xpedite Systems GmbH	  	Germany
	120.	 	Xpedite Systems Incorporated (Malaysia) SDN. BHD.	  	Malaysia
	121.	 	Xpedite Systems Limited	  	New Zealand
	122.	 	Xpedite Systems Limited	  	Hong Kong
	123.	 	Xpedite Systems Participations SARL	  	France
	124.	 	Xpedite Systems Pte Ltd	  	Singapore
	125.	 	Xpedite Systems Pty Limited	  	Australia
	126.	 	Xpedite Systems S.r.l.	  	Italy
	127.	 	Xpedite Systems SA	  	France
	128.	 	Xpedite Systems Spain, SA	  	Spain
	129.	 	Xpedite, Ltd	  	Republic of Korea

 See also Schedule F for full Open Text organization charts. 

 

	2.	 Current Canadian Chief Executive Office and Principal Place of Business and Domicile 

Open Text Corporation 
 275
Frank Tompa Drive 
 Waterloo, Ontario 

N2L 0A1 
 Open Text ULC

 1959 Upper Water Street 

Suite 900 
 Halifax, Nova Scotia

 B3J 3N2 
 Open Text
Canada Ltd. 
 275 Frank Tompa Drive 

Waterloo, Ontario 
 N2L 0A1 

Vignette Partnership, LP; Open Text Inc.; Open Text Holdings, Inc.; Easylink Services International Corporation; EasyLink Services USA, Inc.;
Xpedite Systems, LLC; GXS, Inc.; GXS International, Inc.; Open Text Coöperatief U.A.; Open Text SA; Open Text Software GmbH; Open Text UK Limited; Open Text Finance Sarl - Located outside of Canada 

 

	3.	 Canadian Warehouses and Premises of Assets and Collateral 

 38 Leek Crescent 

Richmond Hill, Ontario 
 L4B 4N8

 10 Rideau Street 
 Ottawa,
Ontario 
 K1N 9J1 
 2680
Skymark Avenue, Suite 500 
 Mississauga, Ontario 

L4W 5L6 
 See also Schedule C
referenced herein. 
  

	4.	 Locations of Duplicate Copies of Records re: Collateral Records kept in Quebec 

Not Applicable 
  

	5.	 Securities and Instruments 

Securities owned by Domestic Guarantors: 
  

	 	(a)	 Open Text Corporation 

Open Text Corporation holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 2016090 Ontario Inc. (Ontario, Canada) 

  

	 	2.	 2016091 Ontario Inc. (Ontario, Canada) 

  

	 	3.	 Open Text (Hong Kong) Limited (Hong Kong) 

  

	 	4.	 8493642 Canada Inc. (Canada) 

  

	 	5.	 Nstein Technologies Inc. (Quebec, Canada) 

  

	 	6.	 Open Text (Asia) Pte Ltd. (Singapore) 

  

	 	7.	 Open Text K.K. (Japan) 

  

	 	8.	 Open Text Pty Ltd. (Australia) 

  

	 	9.	 Easylink Services K.K. (Japan) 

  

	 	10.	 GXS, Inc. (Delaware, USA) 

  

	 	11.	 Open Text Holdings, Inc. (Delaware, USA) 

Additional Securities held: 

	 	12.	 Open Text Brasil Comercio de Software Ltda. (Brazil) – 99% 

 

	 	13.	 Vignette Partnership, LP (Delaware, USA) – Limited Partner - 100% of Limited Partner Units 

 

	 	14.	 Open Text Coöperatief U.A. (Netherlands) – 99% 

 

	 	15.	 Easylink Services Corporation India Private Limited (India) – 99% 

 

	 	16.	 Open Text Canada Ltd. (Canada) – 89.7% 

  

	 	17.	 Open Text Corporation India Private Limited (India) – 99.9967% 

 

	 	18.	 Open Text S. de R.L. de C.V. (Mexico) – 99% 

  

	 	19.	 Open Text Venture Capital Investment Limited Partnership (Ontario) – Limited Partner - 100% of Limited Partner Units 

 

	 	20.	 Cordys Software India Pvt. Ltd. – 99.9999% 

  

	 	21.	 Open Text Technologies India Private Limited – 99.99% 

 

	 	22.	 Vignette India Private Limited – 99.9999% 

  

	 	(b)	 Vignette Partnership, LP 

Vignette Partnership, LP holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 EasyLink Services International Corporation (Delaware, USA) 

 

	 	2.	 Open Text ULC (Nova Scotia, Canada) 

  

	 	(c)	 Open Text Holdings, Inc. (Delaware, USA) 

Open Text Holdings, Inc. holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 Open Text Inc. (Delaware, USA) 

  

	 	2.	 Open Text Public Sector Solutions, Inc. (Virginia, USA) 

  

	 	(d)	 EasyLink Services International Corporation (Delaware, USA) 

EasyLink Services International Corporation holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 EasyLink Services USA, Inc. (Delaware, USA) 

  

	 	2.	 Xpedite Systems, LLC (Delaware, USA) 

	 	(e)	 Open Text ULC (Nova Scotia, Canada) 

Open Text ULC holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 Open Text SA (Luxembourg) 

  

	 	2.	 Sysgenics Limited (England & Wales) 

  

	 	3.	 ICCM Professional Services Ltd. (England & Wales) 

Additional Securities held: 
  

	 	4.	 Open Text Finance S.a.r.l. (Luxembourg) – 0.0028% 

  

	 	(f)	 Open Text Inc. (Delaware, USA) 

  

	 	1.	 Open Text Middle East (Open Text Inc. - United Arab Emirates Branch) 

 

	 	(g)	 Open Text Canada Ltd. (Canada) 

Securities held: 
  

	 	1.	 Vignette Partnership, LP (Delaware, USA) – general partner - 100% of general partner units 

 

	 	2.	 Open Text Coöperatief U.A. (Netherlands) – 1% 

  

	 	3.	 Cordys Software India Pvt. Ltd. – 0.0001% 

  

	 	4.	 Open Text Brasil Comercio De Software LTDA – 0.0001% 

 

	 	5.	 Open Text Corporation India Private Limited – 0.0033% 

 

	 	6.	 Open Text Technologies India Private Limited – 0.01% 

 

	 	7.	 Open Text, S. de R.L. de C.V. – 1% 

  

	 	8.	 Easylink Services Corporation India Private Limited – 0.01% 

 

	 	9.	 Easylink Do Brasil Comunicacoes Ltda – 0.2% 

  

	 	(h)	 EasyLink Services USA, Inc. (Delaware, USA) 

None. 

	 	(i)	 Xpedite Systems, LLC (Delaware, USA) 

Xpedite Sysems, LLC holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 Xpedite Inc. (Japan) 

  

	 	2.	 Xpedite, Ltd (Republic of Korea) 

  

	 	(j)	 GXS, Inc. (Delaware, USA) 

GXS, Inc. holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 GXS S.A. (Belgium) 

  

	 	2.	 GXS SpA (Italy) 

  

	 	3.	 Harbinger de Mexico, S. de C.V. de R.L. (dormant) (Mexico) 

 

	 	4.	 GXS AG (Switzerland) 

  

	 	5.	 GXS International, Inc. (Delaware, USA) 

  

	 	6.	 GXS Ltd. (Thailand) 

  

	 	7.	 GXS S.A.S. (France) 

Additional Securities held: 
  

	 	8.	 Open Text Tecnologia da Informaco (Brasil) Ltda – 99.99% (Brazil) 

 

	 	9.	 GXS Co. Ltd. – 50% (Japan) 

  

	 	10.	 GXS Inc. – 85% (Korea) 

  

	 	11.	 GXS de Mexico S de R.L. de C.V. – 99% (Mexico) 

  

	 	12.	 GXS India Technology Centre Private Limited (India) – 0.01% 

 

	 	(k)	 GXS International, Inc. (Delaware, USA) 

GXS International, Inc. holds 100% of the issued and outstanding shares of the following: 

 

	 	1.	 GXS (ANZ) Pty Limited (Australia) 

  

	 	2.	 GXS Canada, Inc. (Canada) 

  

	 	3.	 GXS GmbH (Germany) 

  

	 	4.	 GXS (HK) Limited (Hong Kong) 

	 	5.	 GXS B.V. (Netherlands) 

  

	 	6.	 GXS UK Holding Limited (United Kingdom) 

Additional Securities held: 
  

	 	7.	 GXS India Technology Centre Private Limited – 99.99% (India) 

 

	 	8.	 GXS Co. Ltd. – 50% (Japan) 

  

	 	9.	 GXS de Mexico S de R.L. de C.V. (Mexico) – 1% 

  

	 	10.	 GXS Philippines, Inc. – 99.98% (Philippines) 

  

	 	11.	 EC1 Pte Ltd – 81% (Singapore) 

  

	 	12.	 Open Text Tecnologia da Informaco (Brasil) Ltda (Brazil) – 0.01% 

 SCHEDULE B 

Litigation 
 The United
States Internal Revenue Service is examining certain of Open Text’s tax returns for fiscal year 2010 through fiscal year 2012, and in connection with those examinations is reviewing Open Text’s internal reorganization in fiscal year 2010
to consolidate certain intellectual property ownership in Luxembourg and Canada and Open Text’s integration of certain acquisitions into the resulting structure. These examinations may lead to proposed adjustments to Open Text’s taxes,
which may be material, individually or in the aggregate. 

 SCHEDULE C 

Location of Business 

Places of Business / Locations of Material Tangible Personal Property of Loan Parties 

 

			
	Waterloo, Ontario	  	275 Frank Tompa Drive, Waterloo, Ontario N2L 0A1
	Brookpark, OH	  	5347 West 161st Street, Brook Park, OH 44142
	Richmond Hill, Ontario	  	38 Leek Crescent, Richmond Hill, Ontario L4B 4N8
	Tinton Falls, NJ	  	100 Tormee Drive
	Gaithersburg, MD	  	9711 Washingtonian Blvd., Ste. 700, Gaithersburg, MD 20878
	Makati City, Philippines	  	Tower 2, RCBC Plaza 6819 Ayala Avenue corner Sen. Gil Puyat Avenue 1200 Makati City
	Bellevue, WA	  	301, 116th Avenue SE, Suite 500, Bellevue, WA 98004
	Alpharetta, GA	  	11720 AmberPark Drive Suite 200 Alpharetta, GA 30009
	Amstelveen, NL	  	Prof. E. M. Meijerslaan 1, 1183 AV, Amstelveen
	Ottawa, Ontario	  	10 Rideau Street, Ottawa, Ontario K1N 9J1
	Austin, TX	  	Four Barton Skyway, 1301 S Mopac Expressway, Ste 100
	Putten, Netherlands	  	Vanenburgerallee 3 and 4, 3882 RH - Putten
	Bangalore, IN	  	No.2, Prestige Emerald, 2nd Floor, Madras Bank Road, Lavelle Road Junction, Bangalore 560 001
	Konstanz, DE	  	Max-Stromeyer-Strasse 116, 78467 Konstanz
	Dallas, TX	  	One Lincoln Centre, 5400 LBJ Freeway, Dallas, TX 75240 Suite 300

			
	Tucson, AZ	  	155 North Rosemont Blvd, 1st floor, Tucson, Arizona 85711

 Additional locations of material tangible personal property by non-Loan Parties: 

Technopark2 

Werner-von-Siemens- Ring 20, D-85630 

Grasbrunn, Germany 

Thames Valley Park 

420 Thames Valley Park Drive 

Reading, UK 

RG6 1PU 

Unit No. 301, 3rd Floor, Building No. 14 & Unit 4, 9th
Floor 
 Building No. 20 

MindSpace IT Park, Hi-Tec City, Madhapur 

Hyderabad AP 500 081 India 

  
 - 2 - 

 SCHEDULE D 

Trademarks / Patents, Etc. 

Nil. 

 SCHEDULE E 

Owned Real Property 
  

	•	 	 275 Frank Tompa Drive 

Waterloo, Ontario 

N2L 0A1 

Note: Building on this location is owned. However, land that building is situated on is leased. 

 

	•	 	 5347 West 161st Street 

Brook Park, OH 

44142 

 SCHEDULE F 

Subsidiaries 
 Open
Text Organization Chart as of December 16, 2014 is reproduced below. 

  
 

 

  
 Page 1 of 5 

  
 

 

  
 Page 2 of 5 

  
 

 

  
 Page 3 of 5 

  
 

 

  
 Page 4 of 5 

  
 

 

  
 Page 5 of 5 

 SCHEDULE G 

Material Permits 
 Nil.

 SCHEDULE H 

Material Agreements 
 Nil.

 SCHEDULE I 

Environmental Matters 

Nil. 

 SCHEDULE J 

Exempt Immaterial Subsidiaries 
  

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	1.    	 	 2016090 Ontario Inc.
	  	 Ontario

	2.    	 	 2016091 Ontario Inc.
	  	 Ontario

	3.    	 	 8493642 Canada Inc.
	  	 Canada

	4.    	 	 Acquisition U.K. Limited
	  	 England & Wales

	5.    	 	 Cordys (Beijing) Co. Ltd.
	  	 China

	6.    	 	 Cordys Australia Pty. Ltd.
	  	 Australia

	7.    	 	 Cordys Deutschland Service GmbH
	  	 Germany

	8.    	 	 Cordys Hong Kong Ltd.
	  	 Hong Kong

	9.    	 	 Cordys Information Systems B.V. - China Representation Office
	  	 China

	10.  	 	 Cordys Israel Ltd.
	  	 Israel

	11.  	 	 Cordys Nordics AB
	  	 Sweden

	12.  	 	 Cordys Shanghai Co. Ltd.
	  	 China

	13.  	 	 Cordys Singapore Pte. Ltd.
	  	 Singapore

	14.  	 	 Cordys Software India Pvt. Ltd.
	  	 India

	15.  	 	 Cordys UK Ltd.
	  	 England & Wales

	16.  	 	 Easylink Do Brasil Comunicacoes Ltda
	  	 Brazil

	17.  	 	 Easylink Services (Deutschland) GMBH
	  	 Germany

	18.  	 	 Easylink Services (France) S.A.R.L.
	  	 France

	19.  	 	 Easylink Services (Hong Kong) Limited
	  	 Hong Kong

	20.  	 	 Easylink Services Australia Pty Limited
	  	 Australia

	21.  	 	 Easylink Services Corp. Pte Ltd
	  	 Singapore

	22.  	 	 Easylink Services Corporation India Private Limited
	  	 India

	23.  	 	 Easylink Services International Limited
	  	 England & Wales

	24.  	 	 Easylink Services International Limited - Ireland Branch
	  	 Ireland

	25.  	 	 Easylink Services K.K.
	  	 Japan

	26.  	 	 Easylink Services Korea Corporation
	  	 Republic of Korea

	27.  	 	 EC1 Pte. Ltd.
	  	 Singapore

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	28.  	 	 Global 360 (Australia) Pty Limited
	  	 Australia

	29.  	 	 Global 360 China Limited
	  	 Hong Kong

	30.  	 	 Global 360 China Limited - China Branch
	  	 China

	31.  	 	 Global 360 Spain S.L.U.
	  	 Spain

	32.  	 	 GXS (ANZ) Pty Ltd.
	  	 Australia

	33.  	 	 GXS (ANZ) Pty Ltd. – NEW ZEALAND Branch
	  	 New Zealand

	34.  	 	 GXS (HK) Limited
	  	 Hong Kong

	35.  	 	 GXS (Shanghai) Software Software Development Limited
	  	 China

	36.  	 	 GXS AG
	  	 Switzerland

	37.  	 	 GXS B.V.
	  	 Netherlands

	38.  	 	 GXS Canada, Inc.
	  	 Canada

	39.  	 	 GXS Co. Ltd.
	  	 Japan

	40.  	 	 GXS de Mexico S. de R.L. de C.V.
	  	 Mexico

	41.  	 	 GXS GmbH
	  	 Germany

	42.  	 	 GXS Inc.
	  	 South Korea

	43.  	 	 GXS India Technology Centre Private Limited
	  	 India

	44.  	 	 GXS International, Inc. – HONG KONG BRANCH
	  	 Delaware

	45.  	 	 GXS International, Inc. – NETHERLANDS BRANCH
	  	 Delaware

	46.  	 	 GXS International, Inc. – SINGAPORE BRANCH
	  	 Delaware

	47.  	 	 GXS Limited
	  	 England & Wales

	48.  	 	 GXS Ltd.
	  	 Thailand

	49.  	 	 GXS Philippines, Inc.
	  	 Philippines

	50.  	 	 GXS S.A.
	  	 Belgium

	51.  	 	 GXS S.A. – LUXEMBOURG Branch
	  	 Luxembourg

	52.  	 	 GXS S.A.S.
	  	 France

	53.  	 	 GXS S.p.A.
	  	 Italy

	54.  	 	 Open Text Technologia Da Informacao (Brasil) Ltda.
	  	 Brazil

	55.  	 	 GXS UK Holding Limited
	  	 England & Wales

	56.  	 	 Harbinger de Mexico S. de R.L. de C.V.
	  	 Mexico

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	57.  	 	 ICCM Professional Services Ltd.
	  	 England & Wales

	58.  	 	 InterCommerce Gateway, Inc.
	  	 Philippines

	59.  	 	 Metastorm Limited
	  	 England & Wales

	60.  	 	 Metastorm UK Limited
	  	 England & Wales

	61.  	 	 Nstein Technologies Inc.
	  	 Quebec

	62.  	 	 Open Text (Asia) Pte Limited
	  	 Singapore

	63.  	 	 Open Text (Hong Kong) Limited
	  	 Hong Kong

	64.  	 	 Open Text A/S
	  	 Denmark

	65.  	 	 Open Text AB
	  	 Sweden

	66.  	 	 Open Text AG
	  	 Switzerland

	67.  	 	 Open Text Brasil Comercio De Software LTDA
	  	 Brazil

	68.  	 	 Open Text Conseil Inc.
	  	 Canada

	69.  	 	 Open Text Coöperatief U.A. – BELGIUM Branch
	  	 Belgium

	70.  	 	 Open Text Corporation India Private Limited
	  	 India

	71.  	 	 Open Text Document Technologies GmbH
	  	 Germany

	72.  	 	 Open Text Finance SARL - IRELAND Place of Business
	  	 Ireland

	73.  	 	 Open Text Ireland Limited
	  	 Ireland

	74.  	 	 Open Text K.K.
	  	 Japan

	75.  	 	 Open Text LLC
	  	 Russian Federation

	76.  	 	 Open Text Middle East (Open Text Inc. - United Arab Emirates Branch)
	  	 United Arab Emirates

	77.  	 	 Open Text New Zealand Limited
	  	 New Zealand

	78.  	 	 Open Text OY
	  	 Finland

	79.  	 	 Open Text Pty Limited
	  	 Australia

	80.  	 	 Open Text Public Sector Solutions, Inc
	  	 Virginia

	81.  	 	 Open Text S.r.l.
	  	 Italy

	82.  	 	 Open Text s.r.o.
	  	 Czech Republic

	83.  	 	 Open Text SA - IRELAND Place of Business
	  	 Ireland

	84.  	 	 Open Text SARL
	  	 France

	85.  	 	 Open Text Software Austria GmbH
	  	 Austria

	86.  	 	 Open Text Software S.L.U.
	  	 Spain

					
	 No.
	 	 Business Entity
	  	 Jurisdiction

	87.  	 	 Open Text Software S.L.U. - Portugal Branch
	  	 Portugal

	88.  	 	 Open Text Software Technology (Shanghai) Co., Limited
	  	 China

	89.  	 	 Open Text Software Technology (Shanghai) Co., Limited – BEIJING BRANCH
	  	 China

	90.  	 	 Open Text South Africa Pty Limited
	  	 South Africa

	91.  	 	 Open Text Sp.z.o.o.
	  	 Poland

	92.  	 	 Open Text Technologies India Private Limited
	  	 India

	93.  	 	 Open Text Venture Capital Investment Limited Partnership
	  	 Ontario

	94.  	 	 Open Text, S. de R.L. de C.V.
	  	 Mexico

	95.  	 	 Resonate KT Ltd.
	  	 England & Wales

	96.  	 	 StreamServe S.a.r.l. B.V.
	  	 Netherlands - Luxembourg

	97.  	 	 The Easylink Services Corporation SDN. BHD.
	  	 Malaysia

	98.  	 	 Vignette India Private Limited
	  	 India

	99.  	 	 Xpedite Inc.
	  	 Japan

	100.	 	 Xpedite Systems (UK) Limited
	  	 England & Wales

	101.	 	 Xpedite Systems AG
	  	 Switzerland

	102.	 	 Xpedite Systems GmbH
	  	 Germany

	103.	 	 Xpedite Systems Incorporated (Malaysia) SDN. BHD.
	  	 Malaysia

	104.	 	 Xpedite Systems Limited
	  	 New Zealand

	105.	 	 Xpedite Systems Limited
	  	 Hong Kong

	106.	 	 Xpedite Systems Participations SARL
	  	 France

	107.	 	 Xpedite Systems Pte Ltd
	  	 Singapore

	108.	 	 Xpedite Systems Pty Limited
	  	 Australia

	109.	 	 Xpedite Systems S.r.l.
	  	 Italy

	110.	 	 Xpedite Systems SA
	  	 France

	111.	 	 Xpedite Systems Spain, SA
	  	 Spain

	112.	 	 Xpedite, Ltd
	  	 Republic of Korea

 SCHEDULE K 

Existing Debt / Liens / Restrictions 

Existing Debt 
  

	 	1.	 Debt under the Term B Credit Agreement 

Existing Liens 
  

	 	1.	 Encumbrances securing Debt in a principal amount of up to U.S. $1,050,000,000 under the Term B Credit Agreement (or any Refinancing Debt in respect
thereof) 

  

	 	2.	 Encumbrances securing Debt referred to in clause (j) of the definition of Permitted Debt (or any Refinancing Debt in respect thereof)

 Existing Restrictions 
  

	 	1.	 EC1 Pte Ltd: Shareholders Agreement for Commerce Network Singapore Pte Ltd by and among GEIS International, Inc., ST Computer Systems &
Services Ltd, and Commerce Network Singapore Ltd., dated September 29, 1998 (Restrictions on EC1 Pte. Ltd. (Singapore) to pay dividends, enter certain transactions with affiliates or take certain other actions without approval of minority
shareholder) 

  

	 	2.	 GXS Ltd. (Korea): Stock Purchase Agreement, dated as of December 12, 1997, by and between the Digital Management Inc. Shareholders and GE
Information Services, Inc. (Restrictions on GXS Inc. (Korea) to pay dividends, enter certain transactions with affiliates or take certain other actions without approval of minority shareholder) 

 

	 	3.	 The Term B Credit Agreement and the credit documents relating thereto 

Open Text Intercompany Loans: 
  

							
	 Borrower
	  	 Lender
	  	Amount USD$	 
	 Open Text sp. Z.o.o.
	  	Open Text Software GmbH	  	 	440,852	  
	 Open Text sp. Z.o.o.
	  	Open Text Software GmbH	  	 	29,879	  
	 Open Text (Hong Kong) Ltd
	  	Open Text Inc. (Delaware)	  	 	1,685,770	  
	 Open Text Corporation
	  	Open Text Document Technologies GmbH	  	 	22,548,102	  
	 Open Text Pty Ltd
	  	Open Text SA	  	 	6,241,352	  
	 Open Text Conseil Inc
	  	Open Text SA	  	 	692,637	  

							
	 Open Text SA
	  	Open Text Software GmbH	  	 	10,788,132	  
	 Open Text Cooperatief U.A.
	  	Open Text AG	  	 	19,217,586	  
	 Open Text Corporation
	  	Open Text A/S	  	 	5,695,258	  
	 Open Text South Africa (Pty) Ltd.
	  	Open Text Cooperatief U.A.	  	 	820,454	  
	 Open Text Cooperatief U.A.
	  	Open Text SA	  	 	2,415,777	  
	 Open Text SA
	  	StreamServe Sarl B.V.	  	 	29,967,101	  
	 Open Text UK Limited.
	  	Metastorm Ltd	  	 	7,383,030	  
	 Open Text Inc. (Delaware)
	  	Open Text Finance SARL (Place of Business - Ireland)	  	 	31,792,745	  
	 Open Text (Hong Kong) Ltd
	  	Global 360 China Ltd	  	 	478,251	  
	 Open Text SA
	  	Open Text SA (Place of Business - Ireland)	  	 	525,000,000	  
	 Xpedite Systems SA
	  	Xpedite Systems Spain, S.A.	  	 	3,243,230	  
	 EasyLink Services International Corporation
	  	Vignette Partnership, LP	  	 	48,349,014	  
	 Xpedite Systems AG
	  	Xpedite Systems (UK) Limited	  	 	585,349	  
	 Xpedite Systems Participations E.U.R.L.
	  	EasyLink Services (France) S.A.R.L.	  	 	5,838,899	  
	 Xpedite Systems Participations E.U.R.L.
	  	Open Text Cooperatief U.A.	  	 	12,996,259	  
	 Xpedite Systems Participations E.U.R.L.
	  	EasyLink Services (France) S.A.R.L.	  	 	335,814	  
	 Xpedite Systems Participations E.U.R.L.
	  	Open Text Cooperatief U.A.	  	 	747,456	  
	 Xpedite Systems, LLC
	  	Xpedite Systems, LLC	  	 	1,788,077	  
	 Xpedite Systems, LLC
	  	Xpedite Systems, LLC	  	 	1,323,594	  
	 Open Text (Asia) Pte. Ltd.
	  	Xpedite Systems, LLC	  	 	2,064,000	  
	 Open Text UK Limited.
	  	EasyLink Services USA, Inc.	  	 	21,132,000	  
	 Open Text Pty Ltd
	  	Xpedite Systems, LLC	  	 	3,600,000	  
	 Open Text Pty Ltd
	  	Xpedite Systems SA	  	 	1,299,000	  
	 Open Text S.R.L.
	  	Xpedite Systems, LLC	  	 	1,600,000	  

							
	 Open Text (Hong Kong) Ltd
	  	Xpedite Systems, LLC	  	 	5,609,000	  
	 Open Text (Hong Kong) Ltd
	  	EasyLink Services International Limited	  	 	1,572,472	  
	 EasyLink Services (France) S.A.R.L.
	  	Xpedite Systems, LLC	  	 	2,109,962	  
	 Open Text Cooperatief U.A.
	  	Xpedite Systems, LLC	  	 	8,028,121	  
	 Open Text Cooperatief U.A.
	  	Metastorm Ltd	  	 	1,497,970	  
	 Open Text UK Limited.
	  	Resonate KT Ltd.	  	 	2,683,991	  
	 Sysgenics Ltd
	  	Open Text UK Limited.	  	 	3,528,646	  
	 Open Text UK Limited.
	  	ICCM Professional Services Lts	  	 	7,995,664	  
	 Open Text Corporation
	  	Open Text SA	  	 	27,500,000	  
	 EasyLink DO Brasil Comunicações LTDA.
	  	Open Text Brasil Comerico de Software Ltda.	  	 	788,939	  
	 Open Text Software Technology (Shanghai) Co., Limited
	  	Open Text (Asia) Pte. Ltd.	  	 	400,000	  
	 Open Text Corporation
	  	Open Text Cooperatief U.A.	  	 	12,800,000	  
	 Open Text Corporation
	  	EasyLink Services International Corporation	  	 	43,000,000	  
	 Open Text LLC (Russia)
	  	Open Text Cooperatief U.A.	  	 	122,229	  

 GXS intercompany loans: 
  

							
	 Borrower
	  	 Lender
	  	Amount US$	 
	 GXS, Inc.
	  	GXS International Branch	  	 	141,193,706	  
	 GXS, Inc.
	  	GXS International, Inc. - Amstelveen Branch	  	 	83,389,418	  
	 Acquisition UK Limited
	  	GXS International Branch	  	 	41,582,025	  
	 Acquisition UK Limited
	  	GXS Limited	  	 	7,720,762	  
	 GXS, Inc.
	  	GXS (ANZ) Pty Limited	  	 	6,104,148	  
	 GXS Tecnologia da Informaco (Brasil) Ltda
	  	GXS, Inc.	  	 	4,647,328	  
	 GXS, Inc.
	  	GXS GmbH	  	 	4,116,407	  
	 GXS, Inc.
	  	GXS SAS	  	 	3,507,215	  
	 GXS, Inc.
	  	GXS Tecnologia da Informaco (Brasil) Ltda	  	 	3,477,381	  
	 GXS, Inc.
	  	GXS Limited	  	 	3,298,800	  
	 GXS UK Holding Limited
	  	GXS Limited	  	 	2,962,462	  
	 GXS UK Holding Limited
	  	GXS Limited	  	 	2,902,933	  

							
	 GXS, Inc.
	  	GXS S.A.	  	 	2,494,792	  
	 GXS, Inc.
	  	GXS Limited	  	 	1,413,771	  
	 GXS Co Ltd
	  	GXS, Inc.	  	 	1,176,356	  
	 GXS, Inc.
	  	GXS GmbH	  	 	989,603	  
	 GXS, Inc.
	  	GXS S.A.	  	 	816,893	  

 SCHEDULE L 

A) Open Text Corporation - Intercompany Securities 
  

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 OPEN TEXT CORPORATION

	 1.
	 	2016090 Ontario Inc. (Canada)	  	Securities: 100 Common Shares	  	100%	  	All
	 2.
	 	2016091 Ontario Inc. (Canada)	  	Securities: 100 Common Shares	  	100%	  	All
	 3.
	 	Open Text (Hong Kong) Limited (Hong Kong)	  	Securities: 2 Ordinary Shares	  	100%	  	All
	 4.
	 	8493642 Canada Inc. (Canada)	  	Securities: 1 Common Share	  	100%	  	All
	 5.
	 	Nstein Technologies Inc. (Quebec, Canada)	  	Securities: 1,101 Common Shares	  	100%	  	All
	 6.
	 	Open Text (Asia) Pte. Ltd. (Singapore)	  	Securities: 13,850,000 Ordinary Shares	  	100%	  	All
	 7.
	 	Open Text K.K. (Japan)	  	Securities: 400 Common Shares	  	100%	  	All
	 8.
	 	EasyLink Services K.K. (Japan)	  	Securities: 710 Common Shares	  	100%	  	All
	 9.
	 	Open Text Pty Ltd. (Australia)	  	Securities: 100 Ordinary Shares	  	100%	  	All
	 10.
	 	Open Text Holdings, Inc. (Delaware, USA)	  	Securities: 1,000 Common Shares	  	100%	  	All
	 11.
	 	Open Text Brasil Comerico de Software Ltda. (Brazil)	  	Securities: 984,150 Quota	  	99%	  	All
	 12.
	 	Vignette Partnership, LP (Delaware, USA)	  	Securities: Limited Partner Units	  	92.41%	  	All
	 13.
	 	Open Text Coöperatief U.A. (Netherlands)	  	Securities: 99 Ordinary Shares	  	99%	  	All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 14.
	 	Open Text Canada Ltd. (Canada)	  	Securities: 2,027 Common Shares	  	89,69%	  	All
	 15.
	 	Easylink Services Corporation India Private Limited (India)	  	Securities: 9,999 Common Shares	  	99.99%	  	All
	 16.
	 	Open Text Technologies India Private Limited (India)	  	Securities: 9,999 Ordinary Shares 	  	99.99%	  	All
	 17.
	 	Open Text Corporation India Private Limited (India)	  	Securities: 30,735 Common Shares	  	99.9967%	  	All
	 18.
	 	Vignette India Pvt Ltd. (India)	  	Securities: 1,664,600 Common Shares	  	99.9999%	  	All
	 19.
	 	Cordys Software India Pvt. Ltd. (India)	  	Securities: 1,065,361 Common Shares	  	99.9999%	  	All
	 20.
	 	Open Text S. de R.L. de C.V. (Mexico)	  	Securities: 99,000 Mexico Pesos Equity Parts	  	99%	  	All
	 21.
	 	Open Text Venture Capital Investment Limited Partnership (Ontario, Canada)	  	Securities: 5,250,001 Limited Partner Units	  	100% (of LP Units)	  	All
	 22.
	 	GXS, Inc. (Delaware)	  	Securities: 700 shares Class A Common Stock; 175 shares Class A Common Stock	  	100%	  	All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 EASYLINK SERVICES USA, INC.

		 	 Nil.
	  	
	 VIGNETTE PARTNERSHIP, LP

	 1.
	 	EasyLink Services International Corporation (Delaware, USA)	  	Securities: 100 common shares	  	100%	  	All
	 2.
	 	Open Text ULC (Nova Scotia, Canada)	  	Securities: 9,238 common shares	  	100%	  	All
	 OPEN TEXT INC.

	 1.
	 	Open Text Middle East – DUBAI, UAE Branch of Open Text Inc.	  	Securities: No securities issued	  	N/A	  	N/A
	 OPEN TEXT ULC

	 1.
	 	Open Text SA (Luxembourg)	  	 Securities: 25,150,000 MRP A Shares
  

12,500,000 MRP C Shares
  

473,067,418 MRP B Shares
  

564,724,050 Ordinary Shares
	  	97.94%	  	All
	 2.
	 	Sysgenics Ltd. (United Kingdom)	  	Securities: 320,250 Ordinary Shares and 140,000 Ordinary A Series Shares	  	100%	  	All
	 3.
	 	ICCM Professional Services Ltd. (United Kingdom)	  	Securities: 50 Ordinary Shares	  	100%	  	All
	 4.
	 	Open Text Finance Sarl (Luxembourg)	  	Securities: 1 Common Share	  	0.0028%	  	All
	 OPEN TEXT HOLDINGS, INC.

	 1.
	 	Open Text Inc. (Delaware, USA)	  	Securities: 1,100 Common Shares	  	100%	  	All
	 2.
	 	Open Text Public Sector Solutions, Inc. (Virginia, USA)	  	Securities: 1,000 Common Shares	  	100%	  	All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 EASYLINK SERVICES INTERNATIONAL CORPORATION

	 1.
	 	EasyLink Services USA, Inc. (Delaware, USA)	  	Securities: 1 common share	  	100%	  	All
	 2.
	 	Xpedite Systems LLC (Delaware, USA)	  	Securities: 100 units	  	100%	  	All
	 OPEN TEXT CANADA LTD.

	 1.
	 	Vignette Partnership, LP (Delaware, USA)	  	Securities: General Partner	  	7.59%	  	All
	 2.
	 	Open Text Coöperatief U.A. (Netherlands)	  	Securities: 1 Ordinary Shares	  	1%	  	All
	 3.
	 	Easylink Services Corporation India Private Limited (India)	  	Securities: 1 Common Share	  	0.01%	  	All
	 4.
	 	Open Text Technologies India Private Limited (India)	  	Securities: 1 Ordinary Share	  	0.01%	  	All
	 5.
	 	Open Text Corporation India Private Limited (India)	  	Securities: 1 Common Share	  	0.0033%	  	All
	 6.
	 	Cordys Software India Pvt. Ltd. (India)	  	Securities: 1 Share	  	0.0001%	  	All
	 7.
	 	Open Text S. de R.L. de C.V. (Mexico)	  	Securities: 1,000 Mexico Pesos Equity Parts	  	1%	  	All
	 8.
	 	EasyLink Do Brasil Communicacoes Ltda. (Brazil)	  	Securities: 1,000 Common Shares	  	0.2%	  	All
	 9.
	 	Open Text Brasil Comerico de Software Ltda. (Brazil)	  	Securities: 1 Quota	  	0.0001%	  	All
	 XPEDITE SYSTEMS, LLC

	 1.
	 	Xpedite Ltd. (South Korea)1	  	Securities: 450,000 Common Shares	  	100%	  	65%
	 2.
	 	Xpedite Inc. (Japan)	  	Securities: 1900 Ordinary Shares	  	100%	  	65%

  

	1 	 In process of being dissolved; dissolution expected to be completed in January 2015 effective as of October 31, 2014. 

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 GXS, INC.

	 1.
	 	GXS International, Inc.	  	Securities: 100 shares Common Stock	  	100%	  	All
	 2.
	 	GXS S.A.	  	Securities: All	  	100%	  	None
	 3.
	 	GXS SpA	  	Securities: All	  	100%	  	None
	 4.
	 	Harbinger de Mexico, S. de C.V. de R.L. (dormant)	  	Securities: All	  	100%	  	None
	 5.
	 	GXS AG	  	Securities: All	  	100%	  	None
	 6.
	 	Open Text Tecnologia da Informaco (Brasil) Ltda	  	Securities: 99.9%	  	99.9%	  	85%
	 7.
	 	GXS SAS	  	Securities: 99.9%	  	99.9%	  	None
	 8.
	 	GXS Co. Ltd.	  	Securities: 200 shares	  	50%	  	None
	 9.
	 	GXS Inc. (Korea)	  	Securities: 85%	  	85%	  	None
	 10.
	 	GXS Mexico S de R.L. de C.V.	  	Securities: 2,970 pesos	  	99%	  	None
	 11.
	 	GXS (Thailand) Ltd.	  	Securities: 149,994 shares	  	99.99%	  	None
	 12.
	 	GXS India Technology Centre Private Limited	  	Securities: 1 share	  	0.01%	  	None
	 GXS INTERNATIONAL, INC.

	 1.
	 	GXS (ANZ) Pty Limited	  	Securities: 9,000,000 shares	  	100%	  	None
	 2.
	 	GXS Canada Inc.	  	Securities: 22,100 common shares	  	100%	  	None
	 3.
	 	GXS GmbH	  	Securities: All	  	100%	  	100%
	 4.
	 	GXS (HK) Limited	  	Securities: 3,864,903 shares	  	100%	  	None
	 5.
	 	GXS B.V.	  	Securities: All	  	100%	  	None
	 6.
	 	GXS UK Holding Limited	  	Securities: All	  	100%	  	None

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 7.
	 	GXS India Technology Centre Private Limited	  	Securities: 999,999 shares	  	99.99%	  	None
	 8.
	 	GXS Co. Ltd.	  	Securities: 200 shares	  	50%	  	None
	 9.
	 	GXS Mexico S de R.L. de C.V.	  	Securities: 30 pesos	  	1%	  	None
	 10.
	 	GXS Philippines, Inc.	  	Securities: 99.88%	  	99.88%	  	None
	 11.
	 	EC1 Pte Ltd	  	Securities: 81%	  	81%	  	None
	 12.
	 	Open Text Tecnologia da Informaco (Brasil) Ltda	  	Securities: 1 quota	  	0.01%	  	None
	 OPEN TEXT COÖPERATIEF U.A.

	 1.
	 	Open Text South Africa Pty. Ltd. (South Africa)	  	Securities: 90 Ordinary Shares	  	90%	  	All
	 2.
	 	Open Text S.r.o. (Czech Republic)	  	Securities: CZK 200,000	  	100%	  	All
	 3.
	 	Open Text SARL (France)	  	Securities: 6,003 Ordinary Shares	  	100%	  	All
	 4.
	 	Open Text Software S.L.U. (Spain)	  	Securities: EURO 4,025	  	100%	  	All
	 5.
	 	Open Text New Zealand Limited (New Zealand)	  	Securities: 100 Ordinary Shares	  	100%	  	All
	 6.
	 	Open Text Oy (Finland)	  	Securities: 100 Shares	  	100%	  	All
	 7.
	 	Open Text S.R.L. (Italy)	  	Securities: EURO 100,000	  	100%	  	All
	 8.
	 	EasyLink Services France SARL	  	Securities: 1,054,532 Shares	  	100%	  	All
	 9.
	 	Xpedite Systems Participations E.U.R.L. (France)	  	Securities: 646,434 Shares	  	69%	  	All
	 10.
	 	Open Text AG (Switzerland)	  	Securities: 1,100,000 Ordinary Shares	  	100%	  	All
	 11.
	 	Open Text UK Limited (UK)	  	Securities: 8,600,100 Ordinary Shares	  	100%	  	All
	 12.
	 	Open Text Ireland Limited (Ireland)	  	Securities: 60,003 Ordinary Shares	  	100%	  	All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

	 13.
	 	Open Text A/S (Denmark)	  	Securities: 5,000 Shares	  	100%	  	All
	 14.
	 	Open Text AB (Sweden)	  	Securities: 100,000 Shares	  	100%	  	All
	 15.
	 	Open Text Sp. Z.o.o. (Poland)	  	Securities: PLN 100,000	  	100%	  	All
	 16.
	 	Metastorm UK Ltd. (UK)	  	Securities: 1,000 Ordinary Shares	  	100%	  	All
	 17.
	 	Open Text Coöperatief U.A. – BELGIUM Branch	  	Securities: No securities issued	  	N/A	  	N/A
	 18.
	 	Open Text LLC (Russia)	  	Securities: RUR 5,600,000	  	100%	  	All
	 19.
	 	Cordys Information Systems B.V. – CHINA Representative Office	  	Securities: No securities issued	  	N/A	  	N/A
	 OPEN TEXT SA

	 1.
	 	StreamServe S.a.r.l. B.V. (Luxembourg/Netherlands)	  	Securities: 41 Ordinary Shares	  	100%	  	All
	 2.
	 	Open Text Finance SARL (Luxembourg)	  	Securities: 35,819,999 Ordinary Shares	  	99.9972%	  	All
	 3.
	 	Global 360 Spain S.L.U. (Spain)	  	Securities: 3,200 Shares	  	100%	  	All
	 4.
	 	Open Text SA – IRELAND PLACE OF BUSINESS (Ireland)	  	Securities: No securities issued	  	N/A	  	N/A
	 OPEN TEXT SOFTWARE GMBH

	 1.
	 	Open Text Software Austria GmbH (Austria)	  	Securities: 1 Share	  	100%	  	All
	 2.
	 	Open Text Document Technologies GmbH (Germany)	  	Securities: Euro 25,000	  	100%	  	All
	 OPEN TEXT UK LIMITED

	 1.
	 	Cordys UK Ltd. (United Kingdom)	  	Securities: 10,225,141 Ordinary Shares	  	100%	  	All
	 2.
	 	Xpedite Systems (UK) Limited	  	Securities: 6,351,711	  	100%	  	All

									
	 Loan Party
	  	 Securities
	  	 % of Issued

and

Outstanding
Securities
	  	 % of
interest
PLEDGED

		 	(United Kingdom)	  	Ordinary Shares	  		  	
	 3.
	 	EasyLink Services International Limited (United Kingdom)	  	Securities: 100 Ordinary Shares	  	100%	  	All
	 OPEN TEXT FINANCE S.A.R.L.

	 1.
	 	Open Text Finance SARL– IRELAND PLACE OF BUSINESS (Ireland)	  	Securities: No securities issued	  	N/A	  	N/A
	 SYSGENICS LIMITED

	 1.
	 	Resonate KT Ltd. (United Kingdom)	  	Securities: 600 Ordinary Shares	  	100%	  	All
	 2.
	 	Open Text SA (Luxembourg)	  	Securities: 16,359,483 MRP B Shares	  	1.49%	  	AllEX-4.5

 Exhibit 4.5 
  

 
 PERRY ELLIS INTERNATIONAL, INC.

 as Issuer, 
 THE SUBSIDIARY
GUARANTORS, 
 as Guarantors, 

and 
 U.S. BANK NATIONAL
ASSOCIATION, as Trustee 
 Indenture 

Dated as of
                    , 20     

Providing for the Issuance 
 of

 Senior Debt Securities 
  

 

 PERRY ELLIS INTERNATIONAL, INC. 

Reconciliation and tie between Trust Indenture Act of 1939 

and Indenture dated as of
                    , 20     
  

					
	 Trust Indenture Act

Section
	 	 	  	Indenture Section
	 Section 310 (a)(1)
	 		  	608
	  (a)(2)
	 		  	608
	  (a)(3)
	 		  	614
	  (a)(4)
	 		  	Not Applicable
	  (a)(5)
	 		  	608
	  (b)
	 		  	613
	 Section 311 (a)
	 		  	616
	  (b)
	 		  	616
	 Section 312 (a)
	 		  	701
	  (b)
	 		  	701
	  (c)
	 		  	701
	 Section 313 (a)
	 		  	702
	  (b)
	 		  	702
	  (c)
	 		  	702
	  (d)
	 		  	702
	 Section 314 (a)
	 		  	703; 1006
	  (b)
	 		  	Not Applicable
	  (c)(1)
	 		  	102
	  (c)(2)
	 		  	102
	  (c)(3)
	 		  	Not Applicable
	  (d)
	 		  	Not Applicable
	  (e)
	 		  	102
	 Section 315 (a)
	 		  	602
	  (b)
	 		  	601
	  (c)
	 		  	602
	  (d)
	 		  	602
	 Section 316 (a) (last sentence)
	  	101 (“Outstanding”)
	  (a)(1)(A)
	 		  	502, 512
	  (a)(1)(B)
	 		  	514
	  (b)
	 		  	508
	  (c)
	 		  	104
	 Section 317 (a)(1)
	 		  	503
	  (a)(2)
	 		  	504
	  (b)
	 		  	1003
	 Section 318 (a)
	 		  	113
	  (b)
	 		  	Not Applicable
	  (c)
	 		  	113

 NOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	ARTICLE ONE	  
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
			
	 Section 101.
	  	Definitions	  	 	1	  
	 Section 102.
	  	Compliance Certificates and Opinions	  	 	8	  
	 Section 103.
	  	Form of Documents Delivered to Trustee	  	 	8	  
	 Section 104.
	  	Acts of Holders	  	 	9	  
	 Section 105.
	  	Notices, Etc., to Trustee and Company	  	 	10	  
	 Section 106.
	  	Notice to Holders; Waiver	  	 	10	  
	 Section 107.
	  	Effect of Headings and Table of Contents	  	 	11	  
	 Section 108.
	  	Successors and Assigns	  	 	11	  
	 Section 109.
	  	Separability Clause	  	 	11	  
	 Section 110.
	  	Benefits of Indenture	  	 	11	  
	 Section 111.
	  	Governing Law	  	 	11	  
	 Section 112.
	  	Legal Holidays	  	 	11	  
	 Section 113.
	  	Conflict of Any Provision of Indenture with Trust Indenture Act	  	 	12	  
	 Section 114.
	  	No Recourse against Others	  	 	12	  
	 Section 115.
	  	Waiver of Trial by Jury	  	 	12	  
	
	ARTICLE TWO	  
	SECURITIES FORMS	  
			
	 Section 201.
	  	Forms of Securities	  	 	12	  
	 Section 202.
	  	Form of Trustee’s Certificate of Authentication	  	 	13	  
	 Section 203.
	  	Securities Issuable in Global Form	  	 	13	  
	 Section 204.
	  	Form of Legend for Book-Entry Securities	  	 	14	  
	
	ARTICLE THREE	  
	THE SECURITIES	  
			
	 Section 301.
	  	Amount Unlimited; Issuable in Series	  	 	14	  
	 Section 302.
	  	Denominations	  	 	17	  
	 Section 303.
	  	Execution, Authentication, Delivery and Dating	  	 	17	  
	 Section 304.
	  	Temporary Securities	  	 	18	  
	 Section 305.
	  	Registration, Registration of Transfer and Exchange	  	 	20	  
	 Section 306.
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	 	22	  
	 Section 307.
	  	Payment of Interest; Interest Rights Preserved; Optional Interest Reset	  	 	23	  
	 Section 308.
	  	Optional Extension of Maturity	  	 	25	  
	 Section 309.
	  	Persons Deemed Owners	  	 	26	  
	 Section 310.
	  	Cancellation	  	 	26	  
	 Section 311.
	  	Computation of Interest	  	 	27	  
	 Section 312.
	  	Currency and Manner of Payments in Respect of Securities	  	 	27	  
	 Section 313.
	  	Appointment and Resignation of Successor Exchange Rate Agent	  	 	29	  
	 Section 314.
	  	CUSIP Numbers	  	 	29	  
	
	 ARTICLE FOUR

SATISFACTION AND DISCHARGE
	   

  

			
	 Section 401.
	  	Satisfaction and Discharge of Indenture	  	 	29	  
	 Section 402.
	  	Application of Trust Funds	  	 	31	  
	 Section 403.
	  	Repayment to the Company	  	 	31	  
	 Section 404.
	  	Survival	  	 	31	  
	 Section 405.
	  	Reinstatement	  	 	31	  

  
 i 

							
	ARTICLE FIVE	  
	REMEDIES	  
			
	 Section 501.
	 	Events of Default	  	 	32	  
	 Section 502.
	 	Acceleration of Maturity; Rescission and Annulment	  	 	33	  
	 Section 503.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	34	  
	 Section 504.
	 	Trustee May File Proofs of Claim	  	 	34	  
	 Section 505.
	 	Trustee May Enforce Claims Without Possession of Securities or Coupons	  	 	35	  
	 Section 506.
	 	Application of Money Collected	  	 	35	  
	 Section 507.
	 	Limitation on Suits	  	 	36	  
	 Section 508.
	 	Unconditional Right of Holders to Receive Principal, Premium and Interest and Additional Amounts, if Any	  	 	36	  
	 Section 509.
	 	Restoration of Rights and Remedies	  	 	36	  
	 Section 510.
	 	Rights and Remedies Cumulative	  	 	36	  
	 Section 511.
	 	Delay or Omission Not Waiver	  	 	36	  
	 Section 512.
	 	Control by Holders of Securities	  	 	36	  
	 Section 513.
	 	Undertaking for Costs	  	 	37	  
	 Section 514.
	 	Waiver of Past Defaults	  	 	37	  
	 Section 515.
	 	Waiver of Usury, Stay or Extension Laws	  	 	37	  
	
	ARTICLE SIX	  
	THE TRUSTEE	  
			
	 Section 601.
	 	Notice of Defaults	  	 	37	  
	 Section 602.
	 	Duties of Trustee	  	 	38	  
	 Section 603.
	 	Certain Rights of Trustee	  	 	38	  
	 Section 604.
	 	Not Responsible for Recitals or Issuance of Securities	  	 	40	  
	 Section 605.
	 	May Hold Securities	  	 	40	  
	 Section 606.
	 	Money Held in Trust	  	 	40	  
	 Section 607.
	 	Compensation and Reimbursement	  	 	40	  
	 Section 608.
	 	Corporate Trustee Required; Eligibility	  	 	40	  
	 Section 609.
	 	Resignation and Removal; Appointment of Successor	  	 	41	  
	 Section 610.
	 	Acceptance of Appointment by Successor	  	 	42	  
	 Section 611.
	 	Merger, Conversion, Consolidation or Succession to Business	  	 	42	  
	 Section 612.
	 	Appointment of Authenticating Agent	  	 	43	  
	 Section 613.
	 	Conflicting Interests	  	 	44	  
	 Section 614.
	 	Appointment of Co-Trustee	  	 	44	  
	 Section 615.
	 	Trustee’s Application for Instructions from the Company	  	 	45	  
	 Section 616.
	 	Preferential Collection of Claims Against Company	  	 	45	  
	
	ARTICLE SEVEN	  
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  
			
	 Section 701.
	 	Disclosure of Names and Addresses of Holders	  	 	45	  
	 Section 702.
	 	Reports by Trustee	  	 	45	  
	 Section 703.
	 	Reports by Company	  	 	46	  
	 Section 704.
	 	Calculation of Original Issue Discount	  	 	46	  
	
	ARTICLE EIGHT	  
	CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER	  
			
	 Section 801.
	 	Company May Consolidate, Etc., Only on Certain Terms	  	 	46	  
	 Section 802.
	 	Successor Person Substituted	  	 	47	  
	 Section 803.
	 	Officers’ Certificate and Opinion of Counsel	  	 	48	  
	
	ARTICLE NINE	  
	SUPPLEMENTAL INDENTURES	  
			
	 Section 901.
	 	Supplemental Indentures Without Consent of Holders	  	 	48	  
	 Section 902.
	 	Supplemental Indentures with Consent of Holders	  	 	49	  

  
 ii 

							
	 Section 903.
	 	Execution of Supplemental Indentures	  	 	50	  
	 Section 904.
	 	Effect of Supplemental Indentures	  	 	50	  
	 Section 905.
	 	Conformity with Trust Indenture Act	  	 	50	  
	 Section 906.
	 	Reference in Securities to Supplemental Indentures	  	 	50	  
	
	ARTICLE TEN	  
	COVENANTS	  
			
	 Section 1001.
	 	Payment of Principal, Premium, if any, and Interest	  	 	50	  
	 Section 1002.
	 	Maintenance of Office or Agency	  	 	50	  
	 Section 1003.
	 	Money for Securities Payments to be Held in Trust	  	 	52	  
	 Section 1004.
	 	Corporate Existence	  	 	52	  
	 Section 1005.
	 	Additional Amounts	  	 	53	  
	 Section 1006.
	 	Statement as to Compliance	  	 	53	  
	 Section 1007.
	 	Waiver of Certain Covenants	  	 	53	  
	 Section 1008.
	 	Statement by Officers as to Default	  	 	54	  
	
	ARTICLE ELEVEN	  
	REDEMPTION OF SECURITIES	  
			
	 Section 1101.
	 	Applicability of Article	  	 	54	  
	 Section 1102.
	 	Election to Redeem; Notice to Trustee	  	 	54	  
	 Section 1103.
	 	Selection by Trustee of Securities to be Redeemed	  	 	54	  
	 Section 1104.
	 	Notice of Redemption	  	 	54	  
	 Section 1105.
	 	Deposit of Redemption Price	  	 	55	  
	 Section 1106.
	 	Securities Payable on Redemption Date	  	 	55	  
	 Section 1107.
	 	Securities Redeemed in Part	  	 	56	  
	
	ARTICLE TWELVE	  
	SINKING FUNDS	  
			
	 Section 1201.
	 	Applicability of Article	  	 	56	  
	 Section 1202.
	 	Satisfaction of Sinking Fund Payments with Securities	  	 	56	  
	 Section 1203.
	 	Redemption of Securities for Sinking Fund	  	 	57	  
	
	ARTICLE THIRTEEN	  
	REPAYMENT AT THE OPTION OF HOLDERS	  
			
	 Section 1301.
	 	Applicability of Article	  	 	57	  
	 Section 1302.
	 	Repayment of Securities	  	 	57	  
	 Section 1303.
	 	Exercise of Option	  	 	57	  
	 Section 1304.
	 	When Securities Presented for Repayment Become Due and Payable	  	 	58	  
	 Section 1305.
	 	Securities Repaid in Part	  	 	58	  
	
	ARTICLE FOURTEEN	  
	DEFEASANCE AND COVENANT DEFEASANCE	  
			
	 Section 1401.
	 	Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance	  	 	58	  
	 Section 1402.
	 	Defeasance and Discharge	  	 	59	  
	 Section 1403.
	 	Covenant Defeasance	  	 	59	  
	 Section 1404.
	 	Conditions to Defeasance or Covenant Defeasance	  	 	59	  
	 Section 1405.
	 	Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions	  	 	60	  
	 Section 1406.
	 	Reinstatement	  	 	61	  
	
	ARTICLE FIFTEEN	  
	MEETINGS OF HOLDERS OF SECURITIES	  
			
	 Section 1501.
	 	Purposes for Which Meetings May Be Called	  	 	61	  
	 Section 1502.
	 	Call, Notice and Place of Meetings	  	 	61	  
	 Section 1503.
	 	Persons Entitled to Vote at Meetings	  	 	62	  

  
 iii 

							
	 Section 1504.
	 	Quorum; Action	  	 	62	  
	 Section 1505.
	 	Determination of Voting Rights; Conduct and Adjournment of Meetings	  	 	63	  
	 Section 1506.
	 	Counting Votes and Recording Action of Meetings	  	 	63	  
	
	ARTICLE SIXTEEN	  
	GUARANTEES	  
			
	 Section 1601.
	 	Unconditional Guarantee	  	 	64	  
	 Section 1602.
	 	Limitation of Subsidiary Guarantor’s Liability	  	 	64	  
	 Section 1603.
	 	Contribution	  	 	64	  
	 Section 1604.
	 	Execution and Delivery of Subsidiary Guarantees	  	 	65	  
	 Section 1605.
	 	Severability	  	 	65	  
		
	 EXHIBIT A – FORMS OF CERTIFICATES
	  			

  
 iv 

 INDENTURE, dated as of
                    , 20    , between PERRY ELLIS INTERNATIONAL, INC., a Florida corporation (hereinafter called
the “Company”), having its principal office at 3000 N.W. 107th Avenue, Miami, FL 33172, the SUBSIDIARY GUARANTORS, listed as signatories hereto, and U.S. BANK NATIONAL ASSOCIATION,
as Trustee (hereinafter called the “Trustee”). 
 RECITALS OF THE COMPANY 

WHEREAS, the Company deems it necessary to issue from time to time for its lawful purposes senior debt securities (hereinafter called
the “Securities”) evidencing its unsecured and senior indebtedness, which may or may not be convertible into or exchangeable for any securities of any Person (including the Company), and has duly authorized the execution and delivery
of this Indenture to provide for the issuance from time to time of the Securities, to be issued in one or more series, unlimited as to principal amount, to bear such rates of interest, to mature at such times and to have such other provisions as
provided in this Indenture; 
 WHEREAS, this Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, that are
required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions; and 
 WHEREAS, all things
necessary to make this Indenture a valid and legally binding agreement of the Company and each Subsidiary Guarantor, in accordance with its terms, have been done; 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for
the equal and proportionate benefit of all Holders of the Securities and coupons, or of a series thereof, as follows: 
 ARTICLE ONE

 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 101. Definitions. (a) For all purposes of this Indenture, except as otherwise expressly provided or unless the
context otherwise requires or unless such definition is changed or amended in a supplement or amendment to this Indenture: 

(1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the
singular; 
 (2) all other terms used herein which are defined in the TIA, either directly or by reference therein, have the
meanings assigned to them therein, and the terms “cash transaction” and “self-liquidating paper”, as used in TIA Section 311, shall have the meanings assigned to them in the rules of the Commission adopted under the TIA;

 (3) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally
accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting
principles as are generally accepted in the United States at the date of such computation; and 
 (4) the words
“herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

(b) Certain terms, used principally in Article Three, Article Five and Article Six are defined in those Articles. 

(c) Other terms are defined as follows: 

“Act”, when used with respect to any Holder, has the meaning specified in Section 104. 

“Additional Amounts” means any additional amounts which are required by a Security or by or pursuant to a Board Resolution,
under circumstances specified therein, to be paid by the Company in respect of certain taxes imposed on certain Holders and which are owing to such Holders. 

 “Affiliate” of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. 
 “Authenticating Agent” means any Person appointed by the Trustee to act on behalf of the Trustee pursuant to
Section 612 to authenticate Securities. 
 “Authorized Newspaper” means a newspaper, in the English language or in an
official language of the country of publication, customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in each place in connection with which the term is used or in the
financial community of each such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing
requirements and in each case on any Business Day. 
 “Bearer Security” means any Security established pursuant to
Section 201 which is payable to bearer or that is otherwise not a Registered Security. 
 “Board of Directors” means
the board of directors of the Company or the executive committee or any committee of that board duly authorized to act hereunder. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary or any Vice President of
the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day”, when used with respect to any Place of Payment or any other particular location referred to in this Indenture
or in the Securities, means, unless otherwise specified with respect to any Securities pursuant to Section 301, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or
other location are authorized or obligated by law or executive order to close. 
 “Capital Stock” means (i) in the
case of a corporation, corporate stock; (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (iii) in the case of a
partnership or limited liability company, partnership or membership interests (whether general or limited); and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person. 
 “Clearstream” means Clearstream Banking société anonyme or
its successor. 
 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created
under the Exchange Act, or, if at any time after execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the TIA, then the body performing such duties at such time. 

“Common Depositary” has the meaning specified in Section 304. 

“Company” means the Person named as the “Company” in the first paragraph of this Indenture until a successor
corporation shall have become such pursuant to the applicable provisions of this Indenture, and thereafter, “Company” shall mean such successor corporation. 

“Company Request” and “Company Order” mean, respectively, a written request or order signed in the name of
the Company by the Chairman, the President, the Chief Executive Officer, the Chief Financial Officer or a Vice President, and by the Treasurer, an Assistant Treasurer, the Controller or an Assistant Controller, the Secretary or an Assistant
Secretary, of the Company, and delivered to the Trustee. 
 “Conversion Date” has the meaning specified in
Subsection 312(d). 
 “Conversion Event” means the cessation of use of (1) a Foreign Currency both by the
government of the country which issued such Currency and by a central bank or other public institutions of or within the international banking community for the settlement of transactions, (2) the euro for the settlement of transactions by
public institutions of or within the European Communities or (3) any currency unit (or composite currency) other than the euro for the purposes for which such currency unit was established. 

  
 2 

 “Corporate Trust Office” means the office of the Trustee at which, at any
particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at 100 Wall Street, 16th Floor, New York, NY 10005. 

“Corporation” includes corporations, associations, limited liability companies, companies and business trusts. 

“Coupon” means any interest coupon appertaining to a Bearer Security. 

“Credit Agreement” means that certain Loan and Security Agreement, dated as of October 1, 2002, as amended, by and among
the Company, the guarantor Subsidiaries named therein, Wachovia Bank, National Association, as successor-in-interest to Congress Financial Corporation (Florida), as Agent, and the other lenders named therein, including any related letters of credit,
notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced from time to time by one or more credit facilities, in
which case, the credit agreement or similar agreement together with all other documents and instruments related thereto shall constitute the “Credit Agreement,” whether the same or different agents and lenders and whether or not
increasing the amount thereunder. 
 “Credit Facilities” means, one or more debt facilities (including, without limitation,
the Credit Agreement and the Letter of Credit Facilities (and any hedging arrangements with the lenders thereunder or Affiliates of such lenders, secured by the collateral securing the Company’s obligations under the Credit Agreement) or
commercial paper facilities or other agreements or indentures, in each case with banks or other lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special
purpose entities formed to borrow from such lenders against such receivables)) or letters of credit or other debt, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time by one
or more of such facilities, whether with the same or different banks and lenders and whether or not increasing the amount thereunder. 

“Currency” means any currency or currencies, composite currency or currency unit or currency units, including, without
limitation, the euro, issued by the government of one or more countries or by any reorganized confederation or association of such governments. 

“Default” means any event which is, or after notice or passage of time or both would be, an Event of Default. 

“Defaulted Interest” has the meaning specified in Section 307(e). 

“Depositary Participant” means, with respect to the Depository Trust Company (the “Depositary”) or its
nominee, an institution that has an account therewith. 
 “Dollar” or “ $ “ means a dollar or other
equivalent unit in such coin or currency of the United States of America as at the time shall be legal tender for the payment of public and private debts. 

“Dollar Equivalent of the Currency Unit” has the meaning specified in Section 312(g). 

“Dollar Equivalent of the Foreign Currency” has the meaning specified in Section 312(f). 

“Election Date” has the meaning specified in Subsection 312(h). 

“Euroclear” means Euroclear Bank, or its successor as operator of the Euroclear System. 

“European Communities” means the European Union, the European Coal and Steel Community and the European Atomic Energy
Community. 
 “Event of Default” has the meaning specified in Section 501. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exchange Date” has the meaning specified in Section 304. 

“Exchange Rate Agent” means, with respect to Securities of or within any series, unless otherwise specified with respect to
any Securities pursuant to Section 301, a New York Clearing House bank designated pursuant to Section 301 or Section 313. 

“Exchange Rate Officer’s Certificate” means a certificate setting forth (1) the applicable Market Exchange Rate or
the applicable bid quotation and (2) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest

  
 3 

 
denomination principal amount determined in accordance with Section 302 in the relevant Currency), payable with respect to a Security of any series on the basis of such Market Exchange Rate
signed by the Chief Financial Officer, the Treasurer, the Controller, any Vice President or any Assistant Treasurer or Assistant Controller of the Company. 

“Foreign Currency” means any Currency, including, without limitation, the euro, issued by the government of one or more
countries other than the United States of America or by any recognized confederation or association of such governments. 

“Government Obligations” means, unless otherwise specified with respect to any series of Securities pursuant to
Section 301, securities which are: 
 (1) direct obligations of the government which issued the Currency in which the
Securities of a particular series are payable, or 
 (2) obligations of a Person controlled or supervised by and acting as an
agency or instrumentality of such government which issued the Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed by such government, which, in either case, are full faith and credit
obligations of such government payable in such Currency and are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such
Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt; provided that (except as required by law) such custodian
is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the
Government Obligation evidenced by such depository receipt. 
 “Guarantee” means a guarantee, other than by endorsement of
negotiable instruments for collection in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of
all or any part of any indebtedness. The terms “guarantee” and “guaranteed” used as a verb shall have a correlative meaning. 

“Holder” means, in the case of a Registered Security, the Person in whose name a Security is registered in the Security
Register and, in the case of a Bearer Security, the bearer thereof and, when used with respect to any coupon, shall mean the bearer thereof. 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, and shall include the terms of particular series of Securities established as contemplated by Section 301; provided, that, if at any time more
than one Person is acting as Trustee under this instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from time to
time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of the or those particular series of Securities for which such Person is Trustee
established as contemplated by Section 301, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and
exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto executed and delivered after such Person had become such Trustee but to which such Person, as such Trustee, was not a party. 

“Indexed Security” means a Security as to which all or certain interest payments and/or the principal amount payable at
Maturity are determined by reference to prices, changes in prices, or differences between prices, of securities, Currencies, intangibles, goods, articles or commodities or by such other objective price, economic or other measures as are specified in
Section 301 hereof. 
 “Interest”, when used with respect to an Original Issue Discount Security which by its terms
bears interest only after Maturity, shall mean interest payable after Maturity, and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to Section 1005 or otherwise, includes such Additional
Amounts. 
 “Interest Payment Date”, when used with respect to any Security, means the Stated Maturity of an installment of
interest on such Security. 

  
 4 

 “Letter of Credit Facilities” means the letters of credit entered into by the
Company in the ordinary course of business, as the same may be amended, supplemented or otherwise modified including any refinancing, refunding, replacement or extension thereof. 

“Market Exchange Rate” means, unless otherwise specified with respect to any Securities pursuant to Section 301,
(1) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified
pursuant to Section 301 for the Securities of the relevant series, (2) for any conversion of Dollars into any Foreign Currency, the noon (New York City time) buying rate for such Foreign Currency for cable transfers quoted in New York City
as certified for customs purposes by the Federal Reserve Bank of New York and (3) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in
accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London
or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the
unavailability of any of the exchange rates provided for in clauses (1), (2) and (3) of this definition, the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal
Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or another principal market for the Currency in question, or such other quotations as the Exchange Rate Agent shall
deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any Currency by reason of foreign exchange regulations or otherwise, the market to be used in respect of such Currency shall be
that upon which a non-resident issuer of securities designated in such Currency would purchase such Currency in order to make payments in respect of such securities. 

“Maturity”, when used with respect to any Security, means the date on which the principal of such Security or an installment
of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption, notice of option to elect repayment, notice of exchange or conversion or otherwise. 

“Officer” means, with respect to any Person, the Chairman of the Board, the President, any Vice President, the Chief
Executive Officer, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, the Controller, the Secretary or the Assistant Secretary of such Person. 

“Officers’ Certificate” means, with respect to any Person, a certificate signed by two Officers, one of which must be
the principal executive, principal financial officer or principal accounting officer of such Person and the other of which must be the Treasurer, Assistant Treasurer, Secretary, Assistant Secretary, the President or any Vice President of the
Company. 
 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Company or who may be an
employee of or other counsel for the Company (or any Subsidiary Guarantor, if applicable). 
 “Original Issue Discount Security”
means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502. 

“Outstanding”, when used with respect to Securities or any series of any Securities, means, as of the date of determination,
all Securities or all Securities of such series, as the case may be, theretofore authenticated and delivered under this Indenture, except: 

(1) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

(2) Securities, or portions thereof, for whose payment or redemption or repayment at the option of the Holder money in the
necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as Paying Agent) for the Holders of such Securities
and any coupons appertaining thereto, provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

  
 5 

 (3) Securities, except to the extent provided in Sections 1402 and 1403,
with respect to which the Company has effected defeasance and/or covenant defeasance as provided in Article Fourteen; and 

(4) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have
been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose
hands such Securities are valid obligations of the Company; 
 provided that, in determining whether the Holders of the requisite
principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders for quorum purposes, and for the purpose of making the calculations
required by TIA Section 313, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that shall be deemed to be Outstanding for such purpose shall be equal to the
amount of principal thereof that would be (or shall have been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, (ii) the principal amount
of any Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined as of the date such Security
is originally issued by the Company as set forth in an Exchange Rate Officer’s Certificate delivered to the Trustee, of the principal amount (or, in the case of an Original Issue Discount Security or Indexed Security, the Dollar equivalent as
of such date of original issuance of the amount determined as provided in clause (i) or clause (iii) of this definition, respectively) of such Security, (iii) the principal amount of any Indexed Security that may be counted in making
such determination or calculation and that shall be deemed outstanding for such purpose shall be equal to the principal face amount of such Indexed Security at original issuance, unless otherwise provided with respect to such Security pursuant to
Section 301, and (iv) Securities owned by the Company or a Subsidiary Guarantor or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except
that, in determining whether the Trustee shall be protected in making such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee
actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with
respect to such Securities and that the pledgee is not the Company or a Subsidiary Guarantor or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 

“Parent Entity” means the entity that holds all of the Capital Stock of the Company upon the occurrence of a reorganization.

 “Paying Agent” means any Person (including the Company acting as Paying Agent) authorized by the Company to pay the
principal of (or premium, if any) or interest, if any, on any Securities or coupons on behalf of the Company. 
 “Person”
means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Place of Payment” means, when used with respect to the Securities of or within any series, the place or places where the
principal of (and premium, if any) and interest, if any, on such Securities are payable as specified and as contemplated by Sections 301 and 1002. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt
as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security or a Security to
which a mutilated, destroyed, lost or stolen coupon appertains shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security or the Security to which the mutilated, destroyed, lost or stolen coupon appertains. 

“Redemption Date”, when used with respect to any Security to be redeemed, in whole or in part, means the date fixed for such
redemption by or pursuant to this Indenture. 

  
 6 

 “Redemption Price”, when used with respect to any Security to be redeemed, means
the price at which it is to be redeemed pursuant to this Indenture. 
 “Registered Security” means any Security that is
registered in the Security Register. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the
Registered Securities of or within any series means the date specified for that purpose as contemplated by Section 301, whether or not a Business Day. 

“Repayment Date” means, when used with respect to any Security to be repaid at the option of the Holder, the date fixed for
such repayment by or pursuant to this Indenture. 
 “Repayment Price” means, when used with respect to any Security to be
repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture. 
 “Responsible
Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant treasurer, trust officer or any other officer of
the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and
familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 

“Restricted Subsidiaries” means
[                    ]. 

“Security” or “ Securities” has the meaning stated in the first recital of this Indenture and, more
particularly, means any Security or Securities authenticated and delivered under this Indenture; provided, that, if at any time there is more than one Person acting as Trustee under this Indenture, “Securities” with respect to the
Indenture as to which such Person is Trustee shall have the meaning stated in the first recital of this Indenture and shall more particularly mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any
series as to which such Person is not Trustee. 
 “Security Register” and “Security Registrar” have the
respective meanings specified in Section 305. 
 “Significant Subsidiary” means any subsidiary that would constitute
a “Significant Subsidiary” within the meaning of Article 1 of Regulation S-X, promulgated pursuant to the Exchange Act, as in force at the date as of which this Indenture was executed. 

“Special Record Date” for the payment of any Defaulted Interest on the Registered Securities of or within any series means a
date fixed by the Trustee pursuant to Section 307. 
 “Stated Maturity”, when used with respect to any Security or any
installment of principal thereof or interest thereon, means the date specified in such Security or a coupon representing such installment of interest as the fixed date on which the principal of such Security or such installment of principal or
interest is due and payable, as such date may be extended pursuant to the provisions of Section 308. 
 “Subsidiary”
means any corporation of which at the time of determination the Company, directly and/or indirectly through one or more Subsidiaries, owns more than 50% of the shares of Voting Stock. 

“Subsidiary Guarantee” means a Guarantee by any Subsidiary Guarantor of the Company’s payment obligations under the
Securities on a senior basis. 
 “Subsidiary Guarantor” means each guarantor of the Securities on the date hereof and
thereafter, any other Subsidiary that executes a Subsidiary Guarantee in accordance with the provisions hereof, and their respective successors and assigns until released from their obligations under their Subsidiary Guarantees and herein in
accordance with the term hereof. 
 “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939
as in force at the date as of which this Indenture was executed, except as provided in Section 905. 
 “Trustee” means
the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean
or include each Person who is then a Trustee hereunder; provided, that if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean only the Trustee with respect to Securities
of that series. 

  
 7 

 “United States” means, unless otherwise specified with respect to any Securities
pursuant to Section 301, the United States of America (including the states and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 

“United States Person” means, unless otherwise specified with respect to any Securities pursuant to Section 301, an
individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States or an estate the income of which is subject to United States federal income
taxation regardless of its source or a trust whose administration is subject to the primary supervision of a United States court and which has one or more United States persons who have the authority to control all of its decisions. 

“Valuation Date” has the meaning specified in Subsection 312(c). 

“Vice President” when used with respect to the Company or the Trustee, means any vice president, whether or not designated by
a number or a word or words added before or after the title “vice president”. 
 “Voting Stock” means stock of
the class or classes having general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of a corporation (irrespective of whether or not at the time stock of any other class or
classes shall have or might have voting power by reason of the happening of any contingency). 
 “Yield to Maturity” means
the yield to maturity, computed at the time of issuance of a Security (or, if applicable, at the most recent redetermination of interest on such Security) and as set forth in such Security in accordance with generally accepted United States bond
yield computation principles. 
 Section 102. Compliance Certificates and Opinions. 

(a) Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall
furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such
counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to
such particular application or request, no additional certificate or opinion need be furnished. 
 (b) Every certificate or opinion with
respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant to Section 1006) shall include: 

(1) a statement that each individual signing such certificate or opinion has read such condition or covenant and the
definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the
opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant has been complied with; and 

(4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

Section 103. Form of Documents Delivered to Trustee. 

(a) In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary
that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion as to some matters and one or more other such
Persons as to other matters, and any such Person may certify or give an opinion with respect to such matters in one or several documents. 

(b) Any certificate or opinion of an Officer of the Company may be based, insofar as it relates to legal matters, upon an Opinion of Counsel,
or a certificate or representations by counsel, unless such Officer knows, or in the exercise of reasonable care should know, that the opinion, certificate or representations with respect to the matters upon which his certificate or opinion is based
are erroneous. Any such Opinion of Counsel or certificate or representations may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or 

  
 8 

 
representations by, an Officer or Officers of the Company stating that the information as to such factual matters is in the possession of the Company unless such counsel knows, or in the exercise
of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 (c) Where
any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 104. Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Holders of the Outstanding Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed (which may be electronically signed) by such Holders in
person or by agents duly appointed in writing. If Securities of a series are issuable as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Holders of Securities of such series may, alternatively, be embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders
of Securities of such series duly called and held in accordance with the provisions of Article Fifteen, or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when
such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are
herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding
by any Person of a Security, shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section. The record of any
meeting of Holders of Securities shall be proved in the manner provided in Section 1506. 
 (b) The fact and date of the execution by
any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual
signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of
authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems reasonably sufficient. 

(c) The principal amount and serial numbers of Registered Securities held by any Person, and the date of holding the same, shall be proved by
the Security Register. 
 (d) The principal amount and serial numbers of Bearer Securities held by any Person, and the date of holding the
same, may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be
satisfactory, showing that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein described; or such facts may be proved by the certificate or affidavit of the Person holding
such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer Security continues until (1) another certificate or affidavit bearing
a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other Person, or (3) such Bearer Security is surrendered in exchange for a Registered Security, or
(4) such Bearer Security is no longer Outstanding. The principal amount and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may also be proved in any other manner that the Trustee deems sufficient. 

(e) If the Company shall solicit from the Holders of Registered Securities any request, demand, authorization, direction, notice, consent,
waiver or other Act, the Company may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, 

  
 9 

 
demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the
record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection therewith and not later than the date such solicitation is
completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record
date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent,
waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it
shall become effective pursuant to the provisions of this Indenture not later than 180 days after the record date. 
 (f) Any request,
demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, any Security Registrar, any Paying Agent, any Authenticating Agent, or the Company in reliance thereon, whether or not notation of such action is
made upon such Security. 
 Section 105. Notices, Etc., to Trustee and Company. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder, or by the Company or by
any Subsidiary Guarantor shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which may be via facsimile) to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or
at any other address previously furnished in writing by the Trustee to the Holders, the Company or the Subsidiary Guarantors, or 

(2) the Company or the Subsidiary Guarantors by the Trustee or by any Holder shall be sufficient for every purpose hereunder
(unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company or the Subsidiary Guarantors addressed to it at the address of the Company’s principal office specified in the first paragraph of
this Indenture or at any other address previously furnished in writing to the Trustee by the Company or the Subsidiary Guarantors. 

Section 106. Notice to Holders; Waiver. 

(a) Where this Indenture provides for notice of any event to Holders of Registered Securities by the Company or the Trustee, such notice shall
be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, or by email, to each such Holder affected by such event, at his physical address or email address as such address appears in
the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such
notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as
provided herein. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder, whether or not such Holder actually receives such notice. 

(b) In case, by reason of the suspension of or irregularities in regular mail service or by reason of any other cause it shall be
impracticable to mail notice of any event to Holders of Registered Securities when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory to the Trustee shall
be deemed to be sufficient giving of such notice for every purpose hereunder. 
 (c) Except as otherwise expressly provided herein or
otherwise specified with respect to any Securities pursuant to Section 301, where this Indenture provides for notice to Holders of Bearer Securities of any 

  
 10 

 
event, such notice shall be sufficiently given to Holders of Bearer Securities if published at least twice in an Authorized Newspaper in The City of New York and in such other city or cities
as may be specified in such Securities on a Business Day, the first such publication to be not earlier than the earliest date, and not later than the latest date, prescribed for the giving of such notice. Any such notice shall be deemed to have been
given on the date of the first such publication. 
 (d) If by reason of the suspension of publication of any Authorized Newspaper or
Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice to Holders of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with the approval of
the Trustee shall constitute sufficient notice to such Holders for every purpose hereunder. Neither the failure to give notice by publication to any Holder of Bearer Securities as provided above, nor any defect in any notice so published, shall
affect the sufficiency of such notice with respect to other Holders of Bearer Securities or the sufficiency of any notice to Holders of Registered Securities given as provided herein. 

(e) Any request, demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the
English language, except that any published notice may be in an official language of the country of publication. 
 (f) Where this Indenture
provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be
filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

Section 107. Effect of Headings and Table of Contents. 

The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

Section 108. Successors and Assigns. 

All covenants and agreements in this Indenture by the Company or the Subsidiary Guarantors shall bind their successors and assigns, whether so
expressed or not. 
 Section 109. Separability Clause. 

In case any provision in this Indenture or in any Security, or coupon shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 110. Benefits of
Indenture. 
 Nothing in this Indenture or in the Securities, or coupons, express or implied, shall give to any Person, other than the
parties hereto, any Security Registrar, any Paying Agent, any Authenticating Agent and their successors hereunder and the Holders any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 111. Governing Law. 

This Indenture, the Securities, and coupons shall be governed by and construed in accordance with the law of the State of New York. This
Indenture is subject to the provisions of the Trust Indenture Act that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions. 

Section 112. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity of any
Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security or coupon other than a provision in the Securities of any series which specifically states that such provision
shall apply in lieu of this Section), payment of principal (or premium, if any) or interest, if any, need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same
force and effect as if made on the Interest Payment Date, Redemption Date, Repayment Date or sinking fund payment date, or at the Stated 

  
 11 

 
Maturity or Maturity; provided that no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date, Repayment Date, sinking
fund payment date, Stated Maturity or Maturity, as the case may be. 
 Section 113. Conflict of Any Provision of Indenture with
Trust Indenture Act 
 If and to the extent that any provision of this Indenture limits, qualifies or conflicts with any provision
(an “incorporated provision”) required by or deemed to be included in this Indenture by operation of the TIA, such imposed duties or incorporated provisions shall control. If any provision of this Indenture modifies or excludes any
provision of the TIA that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or excluded, as the case may be. 

Section 114. No Recourse against Others. 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company or the
Subsidiary Guarantors under the Securities, this Indenture or the Subsidiary Guarantees or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting any of the Securities waives and releases
all such liability. 
 Section 115. Waiver of Trial by Jury. 

The Company, the Subsidiary Guarantors, the Trustee, and Holders hereby irrevocably and unconditionally waive the right to trial by jury in
connection with any claim arising out of or relating to the Securities and under this Indenture. 
 ARTICLE TWO 

SECURITIES FORMS 

Section 201. Forms of Securities. 

(a) The Registered Securities, if any, of each series, the Bearer Securities, if any, of each series and related coupons shall be in
substantially the forms as shall be established in one or more indentures supplemental hereto or approved from time to time by or pursuant to a Board Resolution in accordance with Section 301, shall have such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed
thereon as the Company, as the case may be, may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or
regulation of any stock exchange on which the Securities may be listed, or to conform to usage. 
 (b) Unless otherwise specified as
contemplated by Section 301, Bearer Securities shall have interest coupons attached. 
 (c) The definitive Securities and coupons shall
be printed, lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved borders or may be produced in any other manner, all as determined by the Officers executing such Securities or coupons,
as evidenced by their execution of such Securities or coupons. 

  
 12 

 Section 202. Form of Trustee’s Certificate of Authentication. 

Subject to Section 612, the Trustee’s certificate of authentication shall be in substantially the following form: 

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

 

			
	 U.S. BANK NATIONAL ASSOCIATION

	 as Trustee

		
	 By:
	 	  

		 	Authorized Signatory
		
	 Dated:
	 	

 Section 203. Securities Issuable in Global Form. 

(a) If Securities of or within a series are issuable in global form, as specified as contemplated by Section 301, then, notwithstanding
clause (8) of Subsection 301(b) and the provisions of Section 302, any such Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it shall represent the aggregate
amount of Outstanding Securities of such series from time to time endorsed thereon and that the aggregate amount of Outstanding Securities of such series represented thereby may from time to time be increased or decreased to reflect exchanges. Any
endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner and upon instructions given by such Person or
Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303 or Section 304. Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall
deliver and redeliver any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 303 or Section 304
has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement, delivery or redelivery of a Security in global form shall be in writing but need not comply with Section 102 and need not be accompanied by
an Opinion of Counsel. 
 (b) The provisions of Subsection 303(h) shall apply to any Security represented by a Security in global form
if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion
of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 303. 

(c) Notwithstanding the provisions of Section 307, unless otherwise specified as contemplated by Section 301, payment of principal
of (and premium, if any) and interest, if any, on any Security in permanent global form shall be made to the Person or Persons specified therein. 

(d) Notwithstanding the provisions of Section 309 and except as provided in Subsection (c) of this Section, the Company, the Trustee
and any agent of the Company and the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a permanent global Security (1) in the case of a permanent global Security in registered form, the Holder
of such permanent global Security in registered form, or (2) in the case of a permanent global Security in bearer form, Euroclear or Clearstream. 

  
 13 

 Section 204. Form of Legend for Book-Entry Securities. 

Any global Security authenticated and delivered hereunder shall bear a legend (which would be in addition to any other legends required in the
case of a restricted Security) in substantially the following form: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING
OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY
BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY, ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

ARTICLE THREE 
 THE
SECURITIES 
 Section 301. Amount Unlimited; Issuable in Series. 

(a) The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

(b) The Securities shall rank equally and pari passu and may be issued in one or more series. There shall be established in one or more Board
Resolutions or pursuant to authority granted by one or more Board Resolutions and, subject to Section 303, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental
hereto, prior to the issuance of Securities of any series, any or all of the following, as applicable (each of which (except for the matters set forth in clauses (1), (2) and (15) of this Subsection), if so provided, may be determined
from time to time by the Company with respect to unissued Securities of the series and set forth in such Securities of the series when issued from time to time): 

(1) the title of the Securities of the series, including CUSIP Numbers (which shall distinguish the Securities of such series
from all other series of Securities); 
 (2) any limit upon the aggregate principal amount of the Securities of the series
that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305,
306, 906, 1107 or 1305) and whether any series may be reopened for additional Securities of that series; in the event that such series of Securities may be reopened from time to time for issuances of additional Securities of such series, the terms
thereof shall indicate whether any such additional Securities shall have the same terms as the prior Securities of such series or whether the Company may establish additional or different terms with respect to such additional Securities; 

(3) the date or dates, or the method by which such date or dates will be determined or extended, on which the principal (and
premium, if any,) of the Securities of the series shall be payable; 
 (4) the rate or rates at which the Securities of the
series shall bear interest, if any, or the method by which such rate or rates shall be determined, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest Payment Dates on
which such interest shall be payable and the Regular Record Date, if any, for the interest payable on any Registered Security on any Interest Payment Date, or the method by which such date shall be determined, and the basis upon which interest shall
be calculated if other than on the basis of a 360-day year of twelve 30-day months; 

  
 14 

 (5) the place or places, if any, other than or in addition to the Borough of
Manhattan, The City of New York, where the principal of (and premium, if any) and interest, if any, on Securities of the series shall be payable, where any Registered Securities of the series may be surrendered for registration of transfer, where
Securities of the series may be surrendered for exchange, where Securities of the series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices or demands to or upon the Company in
respect of the Securities of the series and this Indenture may be served; 
 (6) the period or periods within which, or the
date or dates on which, the price or prices at which, the Currency or Currencies in which, and other terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to
have that option; 
 (7) the obligation, if any, of the Company to redeem, repay or purchase Securities of the series
pursuant to any sinking fund or analogous provision or at the option of a Holder thereof, and the period or periods within which or the date or dates on which, the price or prices at which, the Currency or Currencies in which, and other terms and
conditions upon which Securities of the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation; 

(8) if other than denominations of $1,000 and any integral multiple thereof, the denomination or denominations in which any
Registered Securities of the series shall be issuable and, if other than denominations of $5,000, the denomination or denominations in which any Bearer Securities of the series shall be issuable; 

(9) if other than the Trustee, the identity of each Security Registrar and/or Paying Agent; 

(10) if other than the principal amount thereof, the portion of the principal amount of Securities of the series that shall be
payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502 or the method by which such portion shall be determined; 

(11) if other than Dollars, the Currency or Currencies in which payment of the principal of (or premium, if any) or interest,
if any, on the Securities of the series shall be made or in which the Securities of the series shall be denominated and the particular provisions applicable thereto in accordance with, in addition to or in lieu of any of the provisions of
Section 312; 
 (12) whether the amount of payments of principal of (or premium, if any) or interest, if any, on the
Securities of the series may be determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or more Currencies, commodities, equity indices or other indices), and the manner
in which such amounts shall be determined; 
 (13) whether the principal of (or premium, if any) or interest, if any, on the
Securities of the series are to be payable, at the election of the Company or a Holder thereof, in a Currency other than that in which such Securities are denominated or stated to be payable, the period or periods within which (including the
Election Date), and the terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency in which such Securities are denominated or stated to be payable and the Currency in
which such Securities are to be so payable, in each case in accordance with, in addition to or in lieu of any of the provisions of Section 312; 

(14) provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such events
as may be specified; 
 (15) any deletions from, modifications of or additions to the Events of Default or covenants or other
provisions (including any deletions from, modifications of or additions to any of the provisions of Section 1007) of the Company with respect to Securities of the series, whether or not such Events of Default or covenants or other provisions
are consistent with the Events of Default or covenants or other provisions set forth herein; 

  
 15 

 (16) whether Securities of the series are to be issuable as Registered
Securities, Bearer Securities or both, any restrictions applicable to the offer, sale or delivery of Bearer Securities, whether any Securities of the series are to be issuable initially in temporary global form and whether any Securities of the
series are to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such permanent global Security may exchange such interests for Securities of such series and of like tenor of any
authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, whether Registered Securities of the series may be exchanged for Bearer Securities of the
series (if permitted by applicable laws and regulations), whether Bearer Securities of the series may be exchanged for Registered Securities of such series, and the circumstances under which and the place or places where any such exchanges may be
made and if Securities of the series are to be issuable in global form, the identity of any initial depositary therefor; 

(17) the date as of which any Bearer Securities of the series and any temporary global Security representing Outstanding
Securities of the series shall be dated if other than the date of original issuance of the first Security of the series to be issued; 

(18) the Person to whom any interest on any Registered Security of the series shall be payable, if other than the Person in
whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person to whom, any interest on any Bearer Security of the series shall
be payable, if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary global Security on an Interest Payment
Date will be paid if other than in the manner provided in Section 304; 
 (19) the applicability, if any, of
Sections 1402 and 1403 to the Securities of the series and any provisions in modification of, in addition to or in lieu of any of the provisions of Article Fourteen; 

(20) if the Securities of such series are to be issuable in definitive form (whether upon original issue or upon exchange of a
temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and/or terms of such certificates, documents or conditions; 

(21) whether, under what circumstances and the Currency in which, the Company will pay Additional Amounts as contemplated by
Section 1005 on the Securities of the series to any Holder who is not a United States person (including any modification to the definition of such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company
will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); 

(22) the designation of the initial Exchange Rate Agent, if any; 

(23) if the Securities of the series are to be convertible into or exchangeable for any securities of any Person (including the
Company), the terms and conditions upon which such Securities of the series will be so convertible or exchangeable (including, without limitation, the initial conversion price or rate, the conversion period, the conversion agent, if any, adjustments
of the applicable conversion price or rate and any requirements with respect to the reservation of shares or Securities for purposes of conversion); 

(24) if the Securities of the series are to be issued upon the exercise of warrants, the time, manner and place for such
Securities to be authenticated and delivered; and 
 (25) any other terms of the series (which terms shall not be
inconsistent with the requirements of the TIA). 
 (c) All Securities of any one series and the coupons appertaining to any Bearer
Securities of such series shall be substantially identical except, in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution (subject to Section 303) and set forth
in such 

  
 16 

 
Officers’ Certificate or in any such indenture supplemental hereto. Not all Securities of any one series need to be issued at the same time and, unless otherwise provided, a series may be
reopened, without the consent of the Holders, for issuances of additional Securities of such series or to establish additional terms of such series of Securities (which additional terms shall only be applicable to unissued or additional Securities
of such series). 
 (d) If any of the terms of the Securities of any series are established by action taken pursuant to one or more Board
Resolutions, a copy of an appropriate record of such action(s) shall be certified by the Secretary or an Assistant Secretary or any Vice President of the Company and delivered to the Trustee at or prior to the delivery of the Officers’
Certificate setting forth the terms of the Securities of such series. 
 Section 302. Denominations. 

The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by Section 301. In the absence
of any such provision with respect to Securities of any series, the principal, premium and interest and Additional Amounts with respect to the Securities shall be payable in Dollars. With respect to Securities of any series denominated in Dollars,
in the absence of any such provisions with respect to the Securities of any series, the Registered Securities of such series, other than Registered Securities issued in global form (which may be of any denomination) shall be issuable in
denominations of $1,000 and any integral multiple thereof, and the Bearer Securities of such series, other than Bearer Securities issued in global form (which may be of any denomination), shall be issuable in a denomination of $5,000. 

Section 303. Execution, Authentication, Delivery and Dating. 

(a) The Securities and any coupons appertaining thereto shall be executed on behalf of the Company by two Officers of the Company. The
signature of any of these Officers on the Securities and coupons may be manual or facsimile signatures of the present or any future such authorized Officer and may be imprinted or otherwise reproduced on the Securities. 

(b) Securities or coupons bearing the manual or facsimile signatures of individuals who were at any time the proper Officers of the Company
shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities or coupons. 

(c) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series,
together with any coupon appertaining thereto, executed by the Company, to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order
shall authenticate and deliver such Securities; provided, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States; and provided further that, unless
otherwise specified with respect to any series of Securities pursuant to Section 301, a Bearer Security may be delivered in connection with its original issuance only if the Person entitled to receive such Bearer Security shall have furnished a
certificate in the form set forth in Exhibit A-1 to this Indenture or such other certificate as may be specified with respect to any series of Securities pursuant to Section 301, dated no earlier than 15 days prior to the earlier of the
date on which such Bearer Security is delivered and the date on which any temporary Security first becomes exchangeable for such Bearer Security in accordance with the terms of such temporary Security and this Indenture. If any Security shall be
represented by a permanent global Bearer Security, then, for purposes of this Section and Section 304, the notation of a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a
temporary global Security shall be deemed to be delivery in connection with its original issuance of such beneficial owner’s interest in such permanent global Bearer Security. Except as permitted by Section 306, the Trustee shall not
authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled. If all the Securities of any series are not to be issued at one time and if the Board Resolution or supplemental
indenture establishing such series shall so permit, such Company Order may set forth procedures acceptable to the Trustee for the issuance of such Securities and determining the terms of particular Securities of such series, such as interest rate,
maturity date, date of issuance and date from which interest shall accrue. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to
receive, and (subject to TIA Sections 315(a) through 315(d)) shall be fully protected in relying upon, 
 (1) an Opinion
of Counsel stating, 

  
 17 

 (i) that the form or forms of such Securities and any coupons have been
established in conformity with the provisions of this Indenture; 
 (ii) that the terms of such Securities and any coupons
have been established in conformity with the provisions of this Indenture; and 
 (iii) that such Securities, together with
any coupons appertaining thereto, when completed by appropriate insertions and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with
this Indenture and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to
applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights, to general equitable principles and to such other qualifications as such counsel
shall conclude do not materially affect the rights of Holders of such Securities and any coupons; 
 (2) an Officers’
Certificate stating, to the best of the knowledge of the signers of such certificate, that no Event of Default with respect to any of the Securities shall have occurred and be continuing; and 

(3) an executed supplemental indenture (if any). 

(d) Notwithstanding the provisions of Section 301 and of this Section 303, if all the Securities of any series are not to be issued
at one time, it shall not be necessary to deliver an Officers’ Certificate otherwise required pursuant to Section 301 or the Company Order, Opinion of Counsel or Officers’ Certificate otherwise required pursuant to Subsection (c)
of this Section at the time of issuance of each Security of such series, but such order, opinion and certificates, with appropriate modifications to cover such future issuances, shall be delivered at or before the time of issuance of the first
Security of such series. 
 (e) The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant
to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. Notwithstanding the generality of the foregoing,
the Trustee will not be required to authenticate Securities denominated in a Foreign Currency if the Trustee reasonably believes that it would be unable to perform its duties with respect to such Securities. 

(f) Each Registered Security shall be dated the date of its authentication and each Bearer Security shall be dated as of the date specified as
contemplated by Section 301. 
 (g) No Security or coupon shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Security or Security to which such coupon appertains a certificate of authentication substantially in the form provided for herein duly executed by the Trustee or an Authenticating Agent by
manual signature of an authorized signatory, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this
Indenture. 
 (h) Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and
sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 310 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion
of Counsel) stating that such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture. 
 Section 304. Temporary Securities. 

(a) Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall
authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are
issued, in registered form, or, if authorized, in bearer form with one or more coupons or without coupons, and with such appropriate insertions, omissions, substitutions and other variations as the Officers executing such Securities may determine,
as conclusively evidenced by their execution of such Securities. Such temporary Securities may be in global form. 

  
 18 

 (b) Except in the case of temporary Securities in global form (which shall be exchanged in
accordance with Subsection 304(c) or as otherwise provided in or pursuant to a Board Resolution), if temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable
delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or
agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series (accompanied by any non-matured coupons appertaining thereto), the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations; provided, that, no definitive Bearer Security shall be
delivered in exchange for a temporary Registered Security; and provided further that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in
Section 303. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 

(c)    (1) Unless otherwise provided in or pursuant to a Board Resolution, this Subsection 304(c) shall govern the
exchange of temporary Securities issued in global form. 
 (2) If temporary Securities of any series are issued in global
form, any such temporary global Security shall, unless otherwise provided therein, be delivered to the London office of a depositary or common depositary (the “Common Depositary”), for the benefit of Euroclear and Clearstream, for
credit to the respective accounts of the beneficial owners of such Securities (or to such other accounts as they may direct). 

(3) Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of,
any such temporary global Security (the “Exchange Date”), the Company shall deliver to the Trustee definitive Securities, in aggregate principal amount equal to the principal amount of such temporary global Security, executed by the
Company. On or after the Exchange Date, such temporary global Security shall be surrendered by the Common Depositary to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive
Securities without charge, and the Trustee shall authenticate and deliver, in exchange for each portion of such temporary global Security and upon receipt of the Company Order described in Section 303, an equal aggregate principal amount of
definitive Securities of the same series of authorized denominations and of like tenor as the portion of such temporary global Security to be exchanged. The definitive Securities to be delivered in exchange for any such temporary global Security
shall be in bearer form, registered form, permanent global bearer form or permanent global registered form, or any combination thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as requested
by the beneficial owner thereof; provided, that, unless otherwise specified in such temporary global Security, upon such presentation by the Common Depositary, such temporary global Security is accompanied by a certificate dated the Exchange
Date or a subsequent date and signed by Euroclear as to the portion of such temporary global Security held for its account then to be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Clearstream as to the
portion of such temporary global Security held for its account then to be exchanged, each in the form set forth in Exhibit A-2 to this Indenture or in such other form as may be established pursuant to Section 301; and provided
further that definitive Bearer Securities shall be delivered in exchange for a portion of a temporary global Security only in compliance with the requirements of Section 303. 

(4) Unless otherwise specified in such temporary global Security, the interest of a beneficial owner of Securities of a series
in a temporary global Security shall be exchanged for definitive Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear or Clearstream, as the case may be, to request such exchange on
his behalf and delivers to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to

  
 19 

 
Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall be available from the offices of Euroclear and Clearstream, the Trustee, any
Authenticating Agent appointed for such series of Securities and each Paying Agent. Unless otherwise specified in such temporary global Security, any such exchange shall be made free of charge to the beneficial owners of such temporary global
Security, except that a Person receiving definitive Securities must bear the cost of insurance, postage, transportation and the like in the event that such Person does not take delivery of such definitive Securities in person at the offices of
Euroclear or Clearstream. Definitive Securities in bearer form to be delivered in exchange for any portion of a temporary global Security shall be delivered only outside the United States. 

(5) Until exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled
to the same benefits under this Indenture as definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise specified as contemplated by Section 301, interest payable on a
temporary global Security on an Interest Payment Date for Securities of such series occurring prior to the applicable Exchange Date shall be payable to Euroclear and Clearstream on such Interest Payment Date upon delivery by Euroclear and
Clearstream to the Trustee of a certificate or certificates in the form set forth in Exhibit A-2 to this Indenture (or in such other forms as may be established pursuant to Section 301), for credit without further interest thereon on or
after such Interest Payment Date to the respective accounts of the Persons who are the beneficial owners of such temporary global Security on such Interest Payment Date and who have each delivered to Euroclear or Clearstream, as the case may be, a
certificate dated no earlier than 15 days prior to the Interest Payment Date occurring prior to such Exchange Date in the form set forth in Exhibit A-1 to this Indenture (or in such other forms as may be established pursuant to
Section 301). Notwithstanding anything to the contrary herein contained, the certifications made pursuant to this clause (5) of Subsection 304(c) shall satisfy the certification requirements of clauses (3) and (4) of this
Subsection 304(c) and of Subsection 303(c) of this Indenture and the interests of the Persons who are the beneficial owners of the temporary global Security with respect to which such certification was made will be exchanged for definitive
Securities of the same series and of like tenor on the Exchange Date or the date of certification if such date occurs after the Exchange Date, without further act or deed by such beneficial owners. Except as otherwise provided in this
clause (5) of Subsection 304(c), no payments of principal (or premium, if any) or interest, if any, owing with respect to a beneficial interest in a temporary global Security will be made unless and until such interest in such temporary
global Security shall have been exchanged for an interest in a definitive Security. Any interest so received by Euroclear and Clearstream and not paid as herein provided shall be returned to the Trustee prior to the expiration of two years after
such Interest Payment Date in order to be repaid to the Company. 
 Section 305. Registration, Registration of Transfer and
Exchange. 
 (a) The Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency of the
Company in a Place of Payment a register for each series of Securities (the registers maintained in such office or in any such office or agency of the Company in a Place of Payment being herein sometimes referred to collectively as
the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities. The Security Register
shall be in written form or any other form capable of being converted into written form within a reasonable time. The Trustee, at its Corporate Trust Office, is hereby initially appointed “Security Registrar” for the purpose of registering
Registered Securities and transfers of Registered Securities on such Security Register as herein provided. In the event that the Trustee shall cease to be Security Registrar, it shall have the right to examine the Security Register at all reasonable
times. 
 (b) Upon surrender for registration of transfer of any Registered Security of any series at any office or agency in a Place of
Payment for the register and transfer of Securities of that series, the Company shall execute, and the Trustee shall authenticate and deliver, subject to the terms and conditions of this Article Three, in the name of the designated transferee
or transferees, one or more new Registered Securities of the same series, of any authorized denominations and of a like aggregate principal amount, and tenor. 

(c) At the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series, of
any authorized denomination and of a like aggregate principal amount, 

  
 20 

 
containing identical terms and provisions, upon surrender of the Registered Securities to be exchanged at such office or agency. Whenever any Registered Securities are so surrendered for
exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. Unless otherwise specified with respect to any series of Securities as
contemplated by Section 301, Bearer Securities may not be issued in exchange for Registered Securities. 
 (d) If (but only if)
expressly permitted in or pursuant to the applicable Board Resolution and (subject to Section 303) set forth in the applicable Officers’ Certificate, or in any indenture supplemental hereto, delivered as contemplated by Section 301,
at the option of the Holder, Bearer Securities of any series may be exchanged for Registered Securities of the same series of any authorized denomination and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to
be exchanged at any such office or agency, with all unmatured coupons and all matured coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons
in default, any such permitted exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing
coupon or coupons may be waived by the Company and the Trustee if there is furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender
to any Paying Agent any such missing coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of such payment; provided, that, except as otherwise provided in Section 1002, interest
represented by coupons shall be payable only upon presentation and surrender of those coupons at an office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such
office or agency in a permitted exchange for a Registered Security of the same series and like tenor after the close of business at such office or agency on (1) any Regular Record Date and before the opening of business at such office or agency
on the relevant Interest Payment Date, or (2) any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without
the coupon relating to such Interest Payment Date or proposed date for payment, as the case may be, and interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case
may be, in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. 

(e) Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
Securities which the Holder making the exchange is entitled to receive. 
 (f) Notwithstanding the foregoing, except as otherwise specified
as contemplated by Section 301, any permanent global Security shall be exchangeable only as provided in this Subsection 305(f). If any beneficial owner of an interest in a permanent global Security is entitled to exchange such interest for
Securities of such series and of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section 301 and provided that any applicable notice provided in the permanent global Security shall
have been given, then without unnecessary delay but in any event not later than the earliest date on which such interest may be so exchanged, the Company shall deliver to the Trustee definitive Securities in aggregate principal amount equal to the
principal amount of such beneficial owner’s interest in such permanent global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such permanent global Security shall be surrendered by
the Common Depositary or such other depositary as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive
Securities without charge and the Trustee shall authenticate and deliver, in exchange for each portion of such permanent global Security, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and
of like tenor as the portion of such permanent global Security to be exchanged which, unless the Securities of the series are not issuable both as Bearer Securities and as Registered Securities, as specified as contemplated by Section 301,
shall be in the form of Bearer Securities or Registered Securities, or any combination thereof, as shall be specified by the beneficial owner thereof; provided, that, no such exchanges may occur during a period beginning at the opening of business
15 days before any selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security for which exchange is requested may be among those selected for redemption; and provided further that no Bearer Security delivered
in exchange for a portion of a permanent global Security shall be mailed or otherwise delivered to any location in the United States. If a Registered Security is issued in exchange for any portion of a permanent global Security after the close of
business at the office or agency where such exchange occurs on (1) any Regular Record 

  
 21 

 
Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (2) any Special Record Date and before the opening of business at such office or
agency on the related proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such
Registered Security, but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such permanent global Security is payable in accordance with
the provisions of this Indenture. 
 (g) All Securities issued upon any registration of transfer or exchange of Securities shall be valid
obligations of the Company, evidencing the same debt and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

(h) Every Registered Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or
the Security Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 

(i) No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305 not involving any
transfer. 
 (j) The Company shall not be required (1) to issue, register the transfer of or exchange any Security if such Security may
be among those selected for redemption during a period beginning at the opening of business 15 days before, and ending at the close of business on (i) if such Securities are issuable only as Registered Securities, the day of the mailing of the
relevant notice of redemption and (ii) if such Securities are issuable as Bearer Securities, the day of the first publication of the relevant notice of redemption or, if such Securities are also issuable as Registered Securities and there is no
publication, the mailing of the relevant notice of redemption, or (2) to register the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except, in the case of any Registered Security to be redeemed
in part, the unredeemed portion thereof, or (3) to exchange any Bearer Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered Security of that series and like tenor, provided that such
Registered Security shall be simultaneously surrendered for redemption, or (4) to issue, register the transfer of or exchange any Security which has been surrendered for repayment at the option of the Holder, except the portion, if any, of such
Security not to be so repaid. 
 (k) Each Holder of a Security agrees to indemnify the Company and the Trustee against any liability that
may result from the transfer, exchange or assignment of such Holder’s Security in violation of any provision of this Indenture and/or applicable United States Federal or state securities law. 

(l) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary Participants or beneficial owners of interests in any Global Security) other than to
require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to
form with the express requirements hereof. 
 Section 306. Mutilated, Destroyed, Lost and Stolen Securities. 

(a) If any mutilated Security or a Security with a mutilated coupon appertaining to it is surrendered to the Trustee or the Company, together
with, in proper cases, such security or indemnity as may be required by the Company or the Trustee to save each of them or any agent of either of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same series and of like tenor and principal amount, and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to the surrendered Security. 

(b) If there shall be delivered to the Company and to the Trustee (1) evidence to their satisfaction of the destruction, loss or theft of
any Security or coupon, and (2) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security or coupon has
been acquired by a bona fide purchaser, the Company shall execute 

  
 22 

 
and upon Company Order the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the Security to which a destroyed, lost or stolen
coupon appertains (with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding, with coupons corresponding to the
coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains. 

(c) Notwithstanding the provisions of Subsections 306(a) and (b), in case any such mutilated, destroyed, lost or stolen Security or
coupon has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, with coupons corresponding to the coupons, if any, appertaining to such mutilated, destroyed, lost or stolen Security or
to the Security to which such mutilated, destroyed, lost or stolen coupon appertains, pay such Security or coupon; provided, that, payment of principal of (and premium, if any) and interest, if any, on Bearer Securities shall, except as otherwise
provided in Section 1002, be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 301, any interest on Bearer Securities shall be payable only upon presentation
and surrender of the coupons appertaining thereto. 
 (d) Upon the issuance of any new Security under this Section, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

(e) Every new Security of any series, together with its coupons, if any, issued pursuant to this Section in lieu of any mutilated, destroyed,
lost or stolen Security, or in exchange for a Security to which a mutilated, destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation of the Company, whether or not the mutilated, destroyed, lost or
stolen Security and its coupons, if any, or the mutilated, destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other
Securities of that series and their coupons, if any, duly issued hereunder. 
 (f) The provisions of this Section are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons. 

Section 307. Payment of Interest; Interest Rights Preserved; Optional Interest Reset. 

(a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, interest, if
any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002; provided, that, each installment of interest, if any, on any Registered Security may at the
Company’s option be paid by (1) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it appears on the Security Register or
(2) transfer to an account located in the United States maintained by the payee. 
 (b) Unless otherwise provided as contemplated by
Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. 

(c) Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable
on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and
Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. 

(d) In case a Bearer Security of any series is surrendered in exchange for a Registered Security of such series after the close of business
(at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without
the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon
when due in accordance with the provisions of this Indenture. 

  
 23 

 (e) Except as otherwise specified with respect to a series of Securities in accordance with the
provisions of Section 301, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease
to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or
(2) of this Subsection: 
 (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose
names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner.
The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment (which shall not be less than 20 days after such notice is
received by the Trustee), and at the same time the Company shall deposit with the Trustee an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series and except, if applicable, as provided in Subsections 312(b), 312(d) and 312(e)) equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the
Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a
Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the
proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be given in the manner provided in Section 106, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so given, such
Defaulted Interest shall be paid to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable
pursuant to the following clause (2) of this Subsection. In case a Bearer Security of any series is surrendered at the office or agency in a Place of Payment for such series in exchange for a Registered Security of such series after the close
of business at such office or agency on any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon
relating to such proposed date of payment and Defaulted Interest will not be payable on such proposed date of payment in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such
coupon when due in accordance with the provisions of this Indenture. 
 (2) The Company may make payment of any Defaulted
Interest on the Registered Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if,
after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

(f) The provisions of this Subsection 307(f) may be made applicable to any series of Securities pursuant to Section 301 (with such
modifications, additions or substitutions as may be specified pursuant to such Section 301). The interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) on any Security of such series may be reset
by the Company on the date or dates specified on the face of such Security (each an “Optional Reset Date”). The Company may exercise such option with respect to such Security by notifying the Trustee of such exercise at least 45 but
not more than 60 days prior to an Optional Reset Date for such Security. Not later than 40 days prior to each Optional Reset Date, the Trustee shall transmit, in the manner provided 

  
 24 

 
for in Section 106, to the Holder of any such Security a notice (the “Reset Notice”) indicating whether the Company has elected to reset the interest rate (or the spread or
spread multiplier used to calculate such interest rate, if applicable), and if so (1) such new interest rate (or such new spread or spread multiplier, if applicable) and (2) the provisions, if any, for redemption during the period from
such Optional Reset Date to the next Optional Reset Date or if there is no such next Optional Reset Date, to the Stated Maturity of such Security (each such period a “Subsequent Interest Period”), including the date or dates on which
or the period or periods during which and the price or prices at which such redemption may occur during the Subsequent Interest Period. 

(g) Notwithstanding the foregoing, not later than 20 days prior to the Optional Reset Date, the Company may, at its option, revoke the
interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) provided for in the Reset Notice and establish a higher interest rate (or a spread or spread multiplier providing for a higher interest rate, if
applicable) for the Subsequent Interest Period by causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher interest rate (or such spread or spread multiplier providing for a higher interest rate, if
applicable) to the Holder of such Security. Such notice shall be irrevocable. All Securities with respect to which the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) is reset on an Optional
Reset Date, and with respect to which the Holders of such Securities have not tendered such Securities for repayment (or have validly revoked any such tender) pursuant to Subsection 307(h), will bear such higher interest rate (or such spread or
spread multiplier providing for a higher interest rate, if applicable). 
 (h) The Holder of any such Security may have the option to elect
repayment by the Company of the principal of such Security on each Optional Reset Date at a price equal to the principal amount thereof plus interest accrued to such Optional Reset Date. In order to obtain repayment on an Optional Reset Date, the
Holder must follow the procedures set forth in Article Thirteen for repayment at the option of Holders except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior to such Optional Reset
Date and except that, if the Holder has tendered any Security for repayment pursuant to the Reset Notice, the Holder may, by written notice to the Trustee, revoke such tender or repayment until the close of business on the tenth day before such
Optional Reset Date. 
 (i) Subject to the foregoing provisions of this Section and Section 305, each Security delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

Section 308. Optional Extension of Maturity. 

(a) The provisions of this Section 308 may be made applicable to any series of Securities pursuant to Section 301 (with such
modifications, additions or substitutions as may be specified pursuant to such Section 301). The Stated Maturity of any Security of such series may be extended at the option of the Company for the period or periods specified on the face of such
Security (each an “Extension Period”) up to but not beyond the date (the “Final Maturity”) set forth on the face of such Security. The Company may exercise such option with respect to any Security by notifying the
Trustee of such exercise at least 45 but not more than 60 days prior to the Stated Maturity of such Security in effect prior to the exercise of such option (the “Original Stated Maturity”). If the Company exercises such option, the
Trustee shall transmit, in the manner provided for in Section 106, to the Holder of such Security not later than 40 days prior to the Original Stated Maturity a notice (the “Extension Notice”) indicating (i) the election of
the Company to extend the Stated Maturity, (ii) the new Stated Maturity, (iii) the interest rate (or spread, spread multiplier or other formula used to calculate such interest rate, if applicable), if any, applicable to the Extension
Period and (iv) the provisions, if any, for redemption during such Extension Period. Upon the Trustee’s transmittal of the Extension Notice, the Stated Maturity of such Security shall be extended automatically and, except as modified by
the Extension Notice and as described in Subsection (b) of this Section, such Security will have the same terms as prior to the transmittal of such Extension Notice. 

(b) Notwithstanding the foregoing, not later than 20 days before the Original Stated Maturity of such Security, the Company may, at its
option, revoke the interest rate (or spread, spread multiplier or other formula used to calculate such interest rate, if applicable) provided for in the Extension Notice and establish a higher interest rate (or spread, spread multiplier or other
formula used to calculate such higher interest rate, if applicable) for the Extension Period by causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher interest rate (or spread, spread multiplier or
other formula used to calculate such interest rate, if applicable) to the Holder of such Security. Such notice shall be irrevocable. All Securities with respect to which the Stated Maturity is extended will bear such higher interest rate. 

  
 25 

 (c) If the Company extends the Stated Maturity of any Security, the Holder will have the option
to elect repayment of such Security by the Company on the Original Stated Maturity at a price equal to the principal amount thereof, plus interest accrued to such date. In order to obtain repayment on the Original Stated Maturity once the Company
has extended the Stated Maturity thereof, the Holder must follow the procedures set forth in Article Thirteen for repayment at the option of Holders, except that the period for delivery or notification to the Trustee shall be at least 25 but not
more than 35 days prior to the Original Stated Maturity and except that, if the Holder has tendered any Security for repayment pursuant to an Extension Notice, the Holder may by written notice to the Trustee revoke such tender for repayment until
the close of business on the tenth day before the Original Stated Maturity. 
 Section 309. Persons Deemed Owners. 

(a) Prior to due presentment of a Registered Security for registration of transfer, the Company, any Subsidiary Guarantor, the Trustee and any
Paying Agent and any authenticating agent may treat the Person in whose name such Registered Security is registered as the owner of such Registered Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to
Sections 305 and 307) interest, if any, on such Registered Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and none of the Company, nor any Subsidiary Guarantor, the Trustee nor any Paying
Agent nor authenticating agent of the Company shall be affected by notice to the contrary. 
 (b) Title to any Bearer Security and any
coupons appertaining thereto shall pass by delivery. The Company, the Trustee and any agent of the Company, or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon as the absolute owner of such Security or coupon for
the purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever, whether or not such Security or coupon be overdue, and none of the Company, the Trustee nor any agent of the Company, or the Trustee shall be
affected by notice to the contrary. 
 (c) None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any
responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests. 
 (d) Notwithstanding the foregoing, with respect to any global Security, nothing herein shall prevent the Company,
the Trustee, or any agent of the Company, or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by any depositary, as a Holder, with respect to such global Security or impair, as between such
depositary and owners of beneficial interests in such global Security, the operation of customary practices governing the exercise of the rights of such depositary (or its nominee) as Holder of such global Security. 

Section 310. Cancellation. 

(a) All Securities and coupons surrendered for payment, redemption, repayment at the option of the Holder, registration of transfer or exchange
or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities and coupons and Securities and coupons surrendered directly to the Trustee for any such
purpose shall be promptly cancelled by it. The Company or any Subsidiary Guarantor may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered
shall be promptly cancelled by the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the
same are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. Cancelled Securities and
coupons held by the Trustee shall be disposed of by the Trustee in its customary manner unless by a Company Order the Company directs that cancelled Securities be returned to the Company. 

  
 26 

 Section 311. Computation of Interest. 

Except as otherwise specified as contemplated by Section 301 with respect to Securities of any series, interest, if any, on the Securities
of each series shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Section 312. Currency and Manner of
Payments in Respect of Securities. 
 (a) Unless otherwise specified with respect to any Securities pursuant to Section 301, with
respect to Registered Securities of any series not permitting the election provided for in Subsection (b) of this Section or the Holders of which have not made the election provided for in Subsection (b) of this Section, and with respect
to Bearer Securities of any series, except as provided in Subsection (d) of this Section, payment of the principal of (and premium, if any) and interest, if any, on any Registered or Bearer Security of such series will be made in the Currency
in which such Registered Security or Bearer Security, as the case may be, is payable. The provisions of this Section 312 may be modified or superseded with respect to any Securities pursuant to Section 301. 

(b) It may be provided pursuant to Section 301 with respect to Registered Securities of any series that Holders shall have the option,
subject to Subsection (d) and (e) of this Section, to receive payments of principal of (or premium, if any) or interest, if any, on such Registered Securities in any of the Currencies which may be designated for such election by delivering
to the Trustee a written election with signature guarantees and in the applicable form established pursuant to Section 301, not later than the close of business on the Election Date immediately preceding the applicable payment date. If a Holder
so elects to receive such payments in any such Currency, such election will remain in effect for such Holder or any transferee of such Holder until changed by such Holder or such transferee by written notice to the Trustee (but any such change must
be made not later than the close of business on the Election Date immediately preceding the next payment date to be effective for the payment to be made on such payment date and no such change of election may be made with respect to payments to be
made on any Registered Security of such series with respect to which an Event of Default has occurred or with respect to which the Company has deposited funds pursuant to Article Four or Fourteen or with respect to which a notice of redemption has
been given by the Company or a notice of option to elect repayment has been sent by such Holder or such transferee). Any Holder of any such Registered Security who shall not have delivered any such election to the Trustee of such series of
Registered Securities not later than the close of business on the applicable Election Date will be paid the amount due on the applicable payment date in the relevant Currency as provided in Subsection (a) of this Section. The Trustee shall
notify the Exchange Rate Agent as soon as practicable after the Election Date of the aggregate principal amount of Registered Securities for which Holders have made such written election. 

(c) Unless otherwise specified pursuant to Section 301, if the election referred to in Subsection (b) of this Section has been
provided for pursuant to Section 301, then, unless otherwise specified pursuant to Section 301, not later than the fourth Business Day after the Election Date for each payment date for Registered Securities of any series, the Exchange Rate
Agent will deliver to the Company a written notice specifying the Currency in which Registered Securities of such series are payable, the respective aggregate amounts of principal of (and premium, if any) and interest, if any, on the Registered
Securities to be paid on such payment date, specifying the amounts in such Currency so payable in respect of the Registered Securities as to which the Holders of Registered Securities of such Series shall have elected to be paid in another
Currency as provided in Subsection (b) of this Section. If the election referred to in Subsection (b) of this Section has been provided for pursuant to Section 301 and if at least one Holder has made such election, then, unless
otherwise specified pursuant to Section 301, on the second Business Day preceding such payment date the Company will deliver to the Trustee for such series of Registered Securities an Exchange Rate Officer’s Certificate in respect of the
Dollar or Foreign Currency payments to be made on such payment date. Unless otherwise specified pursuant to Section 301, the Dollar or Foreign Currency amount receivable by Holders of Registered Securities who have elected payment in a Currency
as provided in Subsection (b) of this Section shall be determined by the Company on the basis of the applicable Market Exchange Rate in effect on the second Business Day (the “Valuation Date”) immediately preceding each payment
date, and such determination shall be conclusive and binding for all purposes, absent manifest error. 
 (d) If a Conversion Event occurs
with respect to a Foreign Currency in which any of the Securities are denominated or payable other than pursuant to an election provided for pursuant to Subsection (b) of this Section, then with respect to each date for the payment of principal
of (and premium, if any) and interest, if any on the applicable Securities denominated or payable in such Foreign Currency occurring after the last date on which such Foreign Currency was used (the “Conversion Date”), the Dollar shall
be the currency of payment for use on 

  
 27 

 
each such payment date. Unless otherwise specified pursuant to Section 301, the Dollar amount to be paid by the Company to the Trustee and by such Trustee or any Paying Agent to the Holders
of such Securities with respect to such payment date shall be, in the case of a Foreign Currency other than a currency unit, the Dollar Equivalent of the Foreign Currency or, in the case of a currency unit, the Dollar Equivalent of the Currency
Unit, in each case as determined by the Exchange Rate Agent in the manner provided in Subsection (f) or (g) of this Section. 

(e) Unless otherwise specified pursuant to Section 301, if the Holder of a Registered Security denominated in any Currency shall have
elected to be paid in another Currency as provided in Subsection (b) of this Section, and a Conversion Event occurs with respect to such elected Currency, such Holder shall receive payment in the Currency in which payment would have been made
in the absence of such election; and if a Conversion Event occurs with respect to the Currency in which payment would have been made in the absence of such election, such Holder shall receive payment in Dollars as provided in Subsection (d) of
this Section. 
 (f) The “Dollar Equivalent of the Foreign Currency” shall be determined by the Exchange Rate Agent and shall be
obtained for each subsequent payment date by converting the specified Foreign Currency into Dollars at the Market Exchange Rate on the Conversion Date. 

(g) The “Dollar Equivalent of the Currency Unit” shall be determined by the Exchange Rate Agent and subject to the provisions of
Subsection (h) of this Section shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to
each payment. 
 (h) For purposes of this Section 312, the following terms shall have the following meanings: 

A “Component Currency” shall mean any currency which, on the Conversion Date, was a component currency of the relevant
currency unit, including, but not limited to, the euro. 
 A “Specified Amount” of a Component Currency shall mean the
number of units of such Component Currency or fractions thereof which were represented in the relevant currency unit, including, but not limited to, the euro, on the Conversion Date. If after the Conversion Date the official unit of any Component
Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a
single Currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single Currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such
single Currency, and such amount shall thereafter be a Specified Amount and such single Currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the
Specified Amount of such Component Currency shall be replaced by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the
Specified Amount of such former Component Currency at the Market Exchange Rate immediately before such division, and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the
Conversion Date of the relevant currency unit, including, but not limited to, the euro, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of
such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange
Rate in effect on the Conversion Date of such Component Currency. 
 “Election Date” shall mean the Regular Record Date for
the applicable series of Registered Securities or at least 16 days prior to Maturity, as the case may be, or such other prior date for any series of Registered Securities as specified pursuant to clause 13 of Section 301 by which the written
election referred to in Subsection 312(b) may be made. 
 (i) All decisions and determinations of the Exchange Rate Agent regarding the
Dollar Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency Unit, the Market Exchange Rate and changes in the Specified Amounts as specified above shall be in its sole discretion and shall, in the absence of manifest error, be
conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders of such Securities denominated or payable in the relevant Currency. The Exchange Rate Agent shall promptly give written notice to the Company and the
Trustee of any such decision or determination. 

  
 28 

 (j) In the event that the Company determines in good faith that a Conversion Event has occurred
with respect to a Foreign Currency, the Company will immediately give written notice thereof to the Trustee and to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided for in Section 106 to the
affected Holders) specifying the Conversion Date. In the event the Company so determines that a Conversion Event has occurred with respect to the euro or any other currency unit in which Securities are denominated or payable, the Company will
immediately give written notice thereof to the Trustee and to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section 106 to the affected Holders) specifying the Conversion Date and the
Specified Amount of each Component Currency on the Conversion Date. In the event the Company determines in good faith that any subsequent change in any Component Currency as set forth in the definition of Specified Amount above has occurred, the
Company will similarly give written notice to the Trustee and the Exchange Rate Agent. 
 (k) The Trustee of the appropriate series of
Securities shall be fully justified and protected in conclusively relying and acting upon information received by it from the Company and the Exchange Rate Agent and shall not otherwise have any duty or obligation to determine the accuracy or
validity of such information independent of the Company or the Exchange Rate Agent. 
 Section 313. Appointment and Resignation of
Successor Exchange Rate Agent. 
 (a) Unless otherwise specified pursuant to Section 301, if and so long as the Securities of any
series (1) are denominated in a Foreign Currency or (2) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then the Company will maintain with respect to each such series of
Securities, or as so required, at least one Exchange Rate Agent. The Company will cause the Exchange Rate Agent to make the necessary foreign exchange determinations at the time and in the manner specified pursuant to Section 301 for the
purpose of determining the applicable rate of exchange and, if applicable, for the purpose of converting the issued Foreign Currency into the applicable payment Currency for the payment of principal (and premium, if any) and interest, if any,
pursuant to Section 312. 
 (b) No resignation of the Exchange Rate Agent and no appointment of a successor Exchange Rate Agent
pursuant to this Section shall become effective until the acceptance of appointment by the successor Exchange Rate Agent as evidenced by a written instrument delivered to the Company and the Trustee of the appropriate series of Securities accepting
such appointment executed by the successor Exchange Rate Agent. 
 (c) If the Exchange Rate Agent shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of the Exchange Rate Agent for any cause, with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor
Exchange Rate Agent or Exchange Rate Agents with respect to the Securities of that or those series (it being understood that any such successor Exchange Rate Agent may be appointed with respect to the Securities of one or more or all of such series
and that, unless otherwise specified pursuant to Section 301, at any time there shall only be one Exchange Rate Agent with respect to the Securities of any particular series that are originally issued by the Company on the same date and that
are initially denominated and/or payable in the same Currency). 
 Section 314. CUSIP Numbers. 

The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall indicate
the “CUSIP” numbers of the Securities in notices of redemption as a convenience to Holders; provided that, any such notice may state that no representation is made as to the correctness of such numbers either as printed on the
Securities or as contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.
The Company will promptly notify the Trustee of any change in the “CUSIP” numbers. 
 ARTICLE FOUR 

SATISFACTION AND DISCHARGE 

Section 401. Satisfaction and Discharge of Indenture. 

(a) Unless otherwise specified pursuant to Section 301 and subject to the provisions of Sections 404 and 405, this Indenture shall
upon Company Request cease to be of further effect with respect to any 

  
 29 

 
series of Securities specified in such Company Request (except as to any surviving rights of registration of transfer or exchange of Securities of such series expressly provided for herein or
pursuant hereto and any right to receive Additional Amounts, as provided in Section 1005), and the Trustee, upon receipt of a Company Order, and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture as to such series when 
 (1) either 

(i) all Securities of such series theretofore authenticated and delivered and all coupons, if any, appertaining thereto (other
than (A) coupons appertaining to Bearer Securities surrendered for exchange for Registered Securities and maturing after such exchange, whose surrender is not required or has been waived as provided in Section 305, (B) Securities and
coupons of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, (C) coupons appertaining to Securities called for redemption and maturing after the relevant Redemption Date,
whose surrender has been waived as provided in Section 1106, and (D) Securities and coupons of such series for whose payment money has theretofore been deposited with the Trustee or any Paying Agent in trust or segregated and held in trust
by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 

(ii) all Securities of such series and, in the case of subclauses (A) or (B) of this clause (ii), any coupons
appertaining thereto not theretofore delivered to the Trustee for cancellation, 
  

	 	(A)	have become due and payable, or 

  

	 	(B)	will become due and payable at their Stated Maturity within one year, or 

  

	 	(C)	if redeemable at the option of the Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the
expense, of the Company, 

 and the Company or any Subsidiary Guarantor, in the case of subclauses (A), (B) or
(C) of this clause (ii), has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose an amount in the Currency in which the Securities of such series are payable, sufficient to pay and
discharge the entire indebtedness on such Securities and such coupons not theretofore delivered to the Trustee for cancellation, including the principal (and premium, if any) and interest, if any, to the date of such deposit (in the case of
Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 
 (2) in the
case of subclause (ii) of clause (1) of Subsection 401(a), no Default or Event of Default shall have occurred and be continuing on the date of such deposit or shall occur as a result of such deposit; 

(3) in the case of subclause (ii) of clause (1) of Subsection 401(a), the Company has delivered irrevocable
instructions to the Trustee hereunder to apply the deposited money toward the payment of the Securities at Maturity or the Redemption Date, as the case may be; 

(4) the Company or any Subsidiary Guarantor has paid or caused to be paid all other sums payable hereunder by it; and 

(5) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 

(b) Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee and any predecessor
Trustee under Section 607, the obligations of the Company to any 

  
 30 

 
Authenticating Agent under Section 612 if money shall have been deposited with the Trustee pursuant to clause (1) of Subsection 401(a), the obligations of the Trustee under
Section 402 and Subsection 1003(d) and the obligations of the Company and the Trustee with respect to Securities of such series under Sections 305, 306, 1002 and 1005, with respect to the payment of Additional Amounts, if any,
with respect to any rights of Holders to require the Company to repay such Securities as contemplated by Section 1301 and with respect to any rights of Holders to convert or exchange such Securities into other Securities, shall survive such
satisfaction and discharge. These obligations shall continue to be governed and construed in accordance with Section 111. 

Section 402. Application of Trust Funds. 

Subject to the provisions of Subsection 1003(d), all money deposited with the Trustee pursuant to Section 401 shall be held in trust
and applied by it, in accordance with the provisions of the Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine,
to the Persons entitled thereto, of the principal (and premium, if any) and interest, if any, for whose payment such money has been deposited with or received by the Trustee, but such money need not be segregated from other funds except to the
extent required by law. 
 Section 403. Repayment to the Company. 

Any money deposited with the Trustee in trust for the payment of the principal of, premium, if any, or interest on any Security and remaining
unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its request, and the Holder of such Security shall thereafter look only to the Company for payment thereof, and
all liability of the Trustee with respect to such trust money shall thereupon cease; provided, however, that the Trustee, before being required to make any such repayment, may at the expense of the Company cause to be published once,
in the New York Times or Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed
balance of such money then remaining shall be repaid to the Company. 
 Section 404. Survival. 

In the event that the Company makes, or causes to be made, an irrevocable deposit with the Trustee for the benefit of the Holders of Securities
pursuant to subclause (ii) of clause (1) of Subsection 401(a), prior to the date of maturity or redemption, as the case may be, the following provisions of the Indenture shall survive until otherwise terminated or discharged
hereunder: 
 (a) the rights of the Holders of the Outstanding Securities to receive payments in respect of the principal of, premium, if
any, and interest on such Securities when such payments are due from the trust; 
 (b) the Company’s obligations with respect to such
Securities under Article Three and Section 1002; 
 (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and
the Company’s obligations in connection therewith; and 
 (d) this Article Four. 

Section 405. Reinstatement. 

If the Trustee or Paying Agent is unable to apply any United States dollars or Government Obligations in accordance with Section 402, as
the case may be, by reason of an order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Securities shall be revived
and reinstated as though no deposit had occurred pursuant to subclause (ii) of clause (1) of Subsection 401(a) until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with
Section 402; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Security following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of
such Securities to receive such payment from the money held by the Trustee or the Paying Agent. 

  
 31 

 ARTICLE FIVE 

REMEDIES 

Section 501. Events of Default. 

(a) “Event of Default”, wherever used herein with respect to any particular series of Securities, means any one of the following
events as such events may be otherwise amended in accordance with Section 301 (whatever the reason for such Event of Default and whether or not it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
 (1) default in
the payment of any interest upon, or any Additional Amount payable in respect of, any Security of that series or of any coupon appertaining thereto, when such interest or coupon becomes due and payable, and continuance of such default for a period
of 30 days; or 
 (2) default in the payment of the principal of (or premium, if any, on) any Security when it becomes due
and payable at Maturity upon acceleration, optional redemption, required purchase or otherwise; or 
 (3) default in the
performance, or breach, of the provisions described in Section 801; or 
 (4) default in the performance, or breach, of
any covenant or agreement of the Company or any Subsidiary Guarantor contained in this Indenture or any Subsidiary Guarantee (other than a default in the performance, or breach, of a covenant or warranty which is specifically addressed in
clauses (1), (2) or (3) of this Subsection 501(a)), and continuance of such default or breach for a period of 30 days after written notice shall have been given to the Company by the Trustee or to the Company and the Trustee by
the Holders of at least 25% in aggregate principal amount of the Outstanding Securities; or 
 (5) the Company or any of its
Significant Subsidiaries (or any Subsidiaries that, taken together, would constitute a Significant Subsidiary) pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences a voluntary case, 

(ii) consents to the entry of an order for relief against it in an involuntary case, 

(iii) makes a general assignment for the benefit of its creditors, or 

(iv) generally is not paying its debts as they become due; and 

(6) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Company or any of its Significant Subsidiaries (or any Subsidiaries that, taken together, would
constitute a Significant Subsidiary) in an involuntary case; 
 (ii) appoints a custodian for the Company or any of its
Significant Subsidiaries (or any Subsidiaries that, taken together, would constitute a Significant Subsidiary) or for all or substantially all of the properties of the Company or any of its Significant Subsidiaries (or any Subsidiaries that, taken
together, would constitute a Significant Subsidiary); or 
 (iii) orders the liquidation of the Company or any of its
Significant Subsidiaries (or any Subsidiaries that, taken together, would constitute a Significant Subsidiary); and 
 (iv)
the order or decree remains unstayed and in effect for 60 consecutive days; or 

(7)      (i) one or more defaults in the payment of principal of or premium, if any, on
indebtedness of the Company or any Significant Subsidiary aggregating $[            ] million or more, when the same becomes due and payable at the Stated Maturity thereof, and such default
or 

  
 32 

 
defaults shall have continued after any applicable grace period and shall not have been cured or waived or the indebtedness repaid in full within ten days of the default or (ii) indebtedness
of the Company or any Significant Subsidiary aggregating $[            ] million or more shall have been accelerated or otherwise declared due and payable, or required to be prepaid or
repurchased (other than by regularly scheduled required prepayment) prior to the Stated Maturity thereof and such acceleration has not been rescinded or the indebtedness repaid in full within ten days of the acceleration or requirement to be repaid
or repurchased; or 
 (8) one or more judgments or orders shall be rendered against the Company or any Significant Subsidiary
for the payment of money, either individually or in an aggregate amount, in excess of $[            ] million (net of any net cash proceeds received from insurance companies) and shall not
be discharged and either (i) an enforcement proceeding shall have been commenced by any creditor upon such judgment or order or (ii) there shall have been a period of 60 consecutive days during which a stay of enforcement of such judgment
or order, by reason of a pending appeal or otherwise, was not in effect; or 
 (9) default in the deposit of any sinking fund
payment, when and as due by the terms of any Securities of that series; or 
 (10) any Subsidiary Guarantee of a Significant
Subsidiary ceases to be in full force and effect or is declared null and void or any of the Subsidiary Guarantees of Significant Subsidiaries is found to be invalid or any Subsidiary Guarantor which is a Significant Subsidiary denies that it has any
further liability under any Subsidiary Guarantee, or gives notice to such effect (other than by reason of the termination of the Indenture or the release of any such Subsidiary Guarantee in accordance with the provisions hereof or any supplemental
indenture). 
 (b) The term “Bankruptcy Law” means title 11, U.S. Code, as amended from time to time, or any similar foreign,
Federal or State law for the relief of debtors. The term “Custodian” means any custodian, receiver, trustee, assignee, liquidator or other similar official under any Bankruptcy Law. 

Section 502. Acceleration of Maturity; Rescission and Annulment. 

(a) If an Event of Default (other than an Event of Default specified in clauses (5) and (6) of Subsection 501(a)) occurs and is
continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of that series may declare the unpaid principal of, (or, if any Securities are Original Issue
Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the terms of that series) premium, if any, and accrued and unpaid interest on, all the Securities of that series then outstanding to be due and
payable, by a notice in writing to the Company (and to the Trustee if given by the Holders), specifying the respective Event of Default and upon any such declaration such principal, premium, if any, and accrued and unpaid interest shall become
immediately due and payable; provided, however, that so long as any obligations under any Credit Facilities shall be outstanding, the acceleration shall not be effective until the earlier of (1) an acceleration of indebtedness under such Credit
Facilities or (2) five Business Days after receipt by the Company and the agent under such Credit Facilities of written notice of such declaration of acceleration of the Securities. If an Event of Default specified in clauses (5) and
(6) of Subsection 501(a) with respect to the Company occurs, all unpaid principal of, and accrued interest on, the Securities then outstanding will become due and payable immediately, without any declaration or other act on the part of the
Trustee or any Holder. 
 (b) If: 

(1) the Company or any Subsidiary Guarantor has paid or deposited with such Trustee a sum sufficient to pay (i) all
overdue installments of interest on all such Securities, (ii) the principal of, and premium, if any, on any Securities that have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed
therefor in such Securities, (iii) to the extent that payment of such interest is lawful, interest on the defaulted interest at the rate or rates prescribed therefor in such Securities, and (iv) all money paid or advanced by the Trustee
thereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 

(2) all Events of Default with respect to Securities of that series, other than the nonpayment of the principal of any
Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in this Indenture; 

  
 33 

 (3) the rescission would not conflict with any judgment or decree of a court of
competent jurisdiction; and 
 (4) the Holders of a majority in aggregate principal amount of the then Outstanding Securities
give written notice to the Company, the Subsidiary Guarantors and the Trustee of their desire to rescind and annul a declaration of acceleration and its consequences, 

then such declaration of acceleration shall be deemed rescinded and annulled. 

No such rescission shall affect any subsequent Event of Default or impair any right consequent thereon. 

(c) If any Event of Default occurs by reason of any willful action or inaction taken or not taken by or on behalf of the Company with the
intention of avoiding payment of the premium that the Company would have had to pay if the Company then had elected to redeem the Securities pursuant to the optional redemption provisions of this Indenture or any supplemental indenture, then, upon
acceleration of the Securities, an equivalent premium shall also become and be immediately due and payable, to the extent permitted by law, anything in this Indenture or in the Securities to the contrary notwithstanding. If an Event of Default
occurs during any time that the Securities are outstanding, by reason of any willful action or inaction taken or not taken by or on behalf of the Company with the intention of avoiding the prohibition on redemption of the Securities, then the
premium specified in this Indenture shall also become immediately due and payable to the extent permitted by law upon the acceleration of the Securities. 

Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 

(a) The Company covenants that if: 

(1) default is made in the payment of any installment of interest or Additional Amounts on any Security of any series and any
related coupon when such interest or Additional Amounts becomes due and payable and such default continues for a period of 30 days, or 

(2) default is made in the payment of the principal of (or premium, if any, on) any Security of any series at its Maturity,

 then the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of Securities of such series and coupons, the whole
amount then due and payable on such Securities and coupons for principal (and premium, if any) and interest, if any, with interest upon any overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally
enforceable, upon any overdue installments of interest, if any, at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 (b) If the Company
fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to
judgment or final decree, and may enforce the same against the Company or any other obligor upon Securities of such series and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or
any other obligor upon such Securities of such series, wherever situated. 
 (c) If an Event of Default with respect to Securities of any
series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series and any related coupons by such appropriate judicial proceedings as the Trustee
shall deem necessary to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 504. Trustee May File Proofs of Claim. 

(a) In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company, or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of any
series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of any overdue principal, premium, if any, or interest) shall
be entitled and empowered, by intervention in such proceeding or otherwise: 
 (1) to file and prove a claim for the whole
amount of principal (and premium, if any, or in the case of Original Issue Discount Securities or Indexed Securities, such portion of the principal as may be provided for in the terms thereof) and interest, if any, owing and unpaid in respect of the
Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings, relative to the Company and the Subsidiary Guarantors upon the
Securities, their creditors or their property, and 

  
 34 

 (2) to collect and receive any money or other property payable or deliverable on
any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any
such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 

(b) Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder,
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or coupons or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a Security or coupon in any such
proceeding. 
 Section 505. Trustee May Enforce Claims Without Possession of Securities or Coupons. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities or coupons or does not produce any of them in the
proceeding. If an Event of Default in payment of principal, premium, if any, or interest specified in clause (1) or (2) of Subsection 501(a) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of
an express trust, against the Company or any Subsidiary Guarantor for the whole amount of principal, premium, if any, and interest remaining unpaid with respect to such Securities, and interest on overdue principal and premium, if any, and to the
extent lawful, interest on overdue interest, and such further amounts as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation and expenses of the Trustee, its agents and counsel. A delay or
omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other
remedy. All available remedies are cumulative to the extent permitted by law. 
 Section 506. Application of Money Collected.

 If the Trustee collects any money pursuant to this Article Five, it shall pay out the money in the following order: 

FIRST: To the Trustee for amounts due under Section 607; 

SECOND: To Holders for amounts due and unpaid upon the Securities and coupons for principal (and premium, if any) and interest,
if any, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities and coupons for principal (and premium, if any) and interest, if any, respectively; and 

THIRD: To the Company. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 506. 

  
 35 

 Section 507. Limitation on Suits. 

No Holder of any Security of any series or any related coupon will have any right to institute any proceeding, judicial or otherwise, or for
the appointment of a receiver or trustee, or pursue any remedy under this Indenture, unless: 
 (a) such Holder has previously given written
notice to the Trustee of a continuing Event of Default; 
 (b) the Holders of not less than 25% in principal amount of the Outstanding
Securities of that series will have made written request to such Trustee to pursue such remedy, including, if applicable, to institute proceedings in respect of such Event of Default in its own name as Trustee under this Indenture; 

(c) such Holder or Holders have offered to such Trustee reasonable indemnity and security satisfactory to the Trustee against the costs,
expenses and liabilities to be incurred in compliance with such request; 
 (d) such Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute such requested proceeding; and 
 (e) no direction inconsistent with such written
request has been given to such Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 

it being understood and intended that no one or more of such Holders shall have any right to use this Indenture to prejudice the rights of another Holder or
to obtain a preference or priority over other Holders. 
 Section 508. Unconditional Right of Holders to Receive Principal, Premium
and Interest and Additional Amounts, if Any. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security or
coupon shall have the right which is absolute and unconditional, to receive payment of the principal of (and premium, if any), interest, if any, and Additional Amounts, if any, on such Security or payment of such coupon on the respective due dates
expressed in such Security or coupon (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 509. Restoration of Rights and Remedies. 

If the Trustee or any Holder of a Security or coupon has instituted any proceeding to enforce any right or remedy under this Indenture and such
proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Company, the Trustee and the Holders of Securities and coupons shall, subject to any
determination in such proceeding, be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

Section 510. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons in
Subsection 306(f), no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities or coupons is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent
permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 511. Delay or Omission Not
Waiver. 
 No delay or omission of the Trustee or of any Holder of any Security or coupon to exercise any right or remedy accruing upon
any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from
time to time, and as often as may be deemed expedient, by the Trustee or by the Holders of Securities or coupons, as the case may be. 

Section 512. Control by Holders of Securities. 

With respect to any series, the Holders of not less than a majority in principal amount of the Outstanding Securities of such series shall have
the right, by an instrument or concurrent instruments in writing executed and delivered to the Trustee, to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee under this Indenture or exercising any
trust or power conferred upon such Trustee under this Indenture, provided that: 
 (a) the Trustee may refuse to follow any direction
that is in conflict with any rule of law or with this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders not joining in the giving of such
direction; and 

  
 36 

 (b) the Trustee may take any other action it deems proper that is not inconsistent with any such
direction received from Holders. 
 Section 513. Undertaking for Costs. 

All parties to this Indenture agree that in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the
Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs,
including reasonable attorney’s fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant, provided that this Section 513 shall not
apply to a suit by the Trustee, a suit by a Holder pursuant to Section 508 hereof, or a suit by Holders of more than 10% in principal amount of the then Outstanding Securities. 

Section 514. Waiver of Past Defaults. 

(a) The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all
the Securities of such series and any related coupons waive any past default hereunder with respect to such series and its consequences, except a default 

(1) in the payment of the principal of (or premium, if any) or interest, if any, or Additional Amounts on any Security of such
series or any related coupons, or 
 (2) in respect of a covenant or provision hereof which under Article Nine cannot be
modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
 (b) Upon any such waiver,
such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default or impair
any right consequent thereon. 
 Section 515. Waiver of Usury, Stay or Extension Laws. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company
(to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit
the execution of every such power as though no such law had been enacted. 
 ARTICLE SIX 

THE TRUSTEE 

Section 601. Notice of Defaults. 

Within five days after the earlier of receipt from the Company of notice of the occurrence of a Default or Event of Default hereunder or the
date such occurrence hereunder actually becomes known to a Responsible Officer of the Trustee, the Trustee shall transmit to all Holders of Securities of such series, in the manner and to the extent provided in TIA Section 313(c), notice of
such Default hereunder known to the Trustee, unless such Default shall have been cured or waived; provided, that, except in the case of a Default in the payment of the principal of (or premium, if any) or interest, if any, on any Security of
such series, or in the payment of any sinking or purchase fund installment with respect to the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or
a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is 

  
 37 

 
in the interests of the Holders of the Securities and coupons of such series; and provided further that in the case of any Default or breach of the character specified in
clause (4) of Subsection 501(a) with respect to the Securities and coupons of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof unless otherwise specified in accordance with
Section 301. 
 Section 602. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this
Indenture and use the same degree of care and skill in such exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) the Trustee need perform only those duties that are specifically set forth (or incorporated by reference) in this Indenture
and no implied covenants or obligations shall be read into this Indenture against the Trustee. 
 (2) in the absence of bad
faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such certificates and opinions to determine whether or not they
conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

(c) the Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (1) this Subsection 602(c) does not limit the effect of Subsection 602(b). 

(2) the Trustee shall not be liable for any error of judgment made in good faith by a responsible officer or officers of the
Trustee, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
 (3) the Trustee shall not
be liable with respect to action it takes or omits to take in good faith in accordance with a direction received by it pursuant to clause (4) of Subsection 603(a), and the Trustee shall be entitled from time to time to request such a
direction. 
 (d) every provision of this Indenture that in any way relates to the Trustee is subject to Subsections 602(a),
(b) and (c). 
 (e) the Trustee shall be under no obligation and may refuse to perform any duty or exercise any right or power unless
it receives indemnity satisfactory to it against any loss, liability or expense. 
 (f) the Trustee shall not be liable for interest on any
money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 603. Certain Rights of Trustee. 

(a) Subject to the provisions of TIA Sections 315(a) through 315(d): 

(1) The Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document (whether in its original or facsimile form) believed by it to be genuine and to have been
signed or presented by the proper party or parties. 
 (2) Any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or Company Order (other than delivery of any Security, together with any coupons appertaining thereto, to the Trustee for authentication and delivery pursuant to Section 303 which shall be
sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution. 

  
 38 

 (3) The Trustee shall not be liable for any error of judgment made in good faith
by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts. 

(4) The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, determined as provided in Sections 101 and 104 relating to the time, method and place of conducting any proceeding for any remedy
available to it or exercising any trust or power conferred upon it. 
 (5) Whenever in the administration of this Indenture
the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its
part, rely upon a Board Resolution, an Opinion of Counsel or an Officers’ Certificate. 
 (6) The Trustee may consult
with counsel of its choosing and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

 (7) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders of Securities of any series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee against the
costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 
 (8) The
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or
document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney but in the case of any certificate or opinion specifically required by the Indenture to be delivered to the Trustee, the Trustee shall have a duty to examine
the same to determine whether they conform to the Indenture requirements. 
 (9) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it
hereunder. 
 (10) The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed
by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture other than any liabilities arising out of the negligence of the Trustee. 

(11) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 

(12) The Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals
and/or titles of Officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as
so authorized in any such certificate previously delivered and not superseded. 
 (b) The Trustee shall not be required to expend or risk
its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it. 

  
 39 

 Section 604. Not Responsible for Recitals or Issuance of Securities. 

The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, and in any coupons shall be taken
as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or
coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on
Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the
proceeds thereof. 
 Section 605. May Hold Securities. 

The Trustee, any Paying Agent, Security Registrar, Authenticating Agent or any other agent of the Company, in its individual or any other
capacity, may become the owner or pledgee of Securities and coupons and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar,
Authenticating Agent or such other agent. 
 Section 606. Money Held in Trust. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
 Section 607.
Compensation and Reimbursement. 
 (a) The Company and the Subsidiary Guarantors jointly and severally agree: 

(1) to pay to the Trustee from time to time such compensation for all services rendered by it hereunder as shall be agreed upon
in writing from time to time (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse each of the Trustee and any predecessor Trustee upon its
request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel),
except any such expense, disbursement or advance as shall be determined to have been caused by its own negligence or willful misconduct; and 

(3) to indemnify each of the Trustee and any predecessor Trustee for, and to hold it harmless against, any and all loss,
damage, claims, liability or expense incurred without negligence or bad faith on its own part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending
itself against any claim (whether asserted by the Company, the Subsidiary Guarantors or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

(b) As security for the performance of the obligations of the Company and the Subsidiary Guarantors under this Section, the Trustee shall have
a claim prior to the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (or premium, if any) or interest, if any, on particular Securities or any coupons. 

(c) When the Trustee incurs expenses or renders services after an Event of Default specified in clause (5) or (6) of
Subsection 501(a) occurs, the expenses and compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 

Section 608. Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a
combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or the requirements of Federal, State, Territorial or District of Columbia supervising or examining
authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent 

  
 40 

 
report of condition so published. The Company or any Subsidiary Guarantor may not, nor may any Person directly or indirectly controlling, controlled by or under common control with the Company or
any Subsidiary Guarantor serve as Trustee. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

 Section 609. Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until
the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 610. 
 (b) The
Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company and the Subsidiary Guarantors. 

(c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal
amount of the Outstanding Securities of such series delivered to the Trustee and to the Company. 
 (d) If at any time: 

(1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request therefor by the
Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 
 (2) the
Trustee shall cease to be eligible under Section 608 and shall fail to resign after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 

(3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or
of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, (i) the Company by or
pursuant to a Board Resolution may remove the Trustee and appoint a successor Trustee with respect to all Securities, or (ii) subject to TIA Section 315(e), any Holder of a Security who has been a bona fide Holder of a Security for at
least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 

(e) If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of a
notice of resignation or the delivery of an Act of removal, the Trustee resigning or being removed or any Holder who has been a bona fide Holder of Securities for at least six months, may petition at the expense of the Company any court of competent
jurisdiction for the appointment of a successor Trustee. 
 (f) If the Trustee shall resign, be removed or become incapable of acting, or if
a vacancy shall occur in the office of Trustee for any cause with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the
Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time, except as provided in Section 614, there shall be
only one Trustee with respect to the Securities of any particular series). If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall
be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such
appointment, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been
so appointed by the Company or the Holders of Securities and accepted appointment in the manner hereinafter provided, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to Securities of such series. 

  
 41 

 (g) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series in the manner provided for notices to the Holders of Securities in Section 106. Each notice shall include the name
of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
 Section 610.
Acceptance of Appointment by Successor. 
 (a) In case of the appointment hereunder of a successor Trustee with respect to all
Securities, every such successor Trustee shall execute, acknowledge and deliver to the Company, the Subsidiary Guarantors and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its claim, if any, provided for in Section 607. 

(b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the
Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which 

(1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor
Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, 

(2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed
necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the
retiring Trustee, and 
 (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee
shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 

(c) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and
confirming to such successor Trustee all such rights, powers and trusts referred to in Subsection (a) or (b) of this Section, as the case may be. 

(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 Section 611. Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
such corporation shall be otherwise qualified and eligible 

  
 42 

 
under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities or coupons shall have been authenticated, but
not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities or coupons so authenticated with the same effect as if such
successor Trustee had itself authenticated such Securities or coupons. In case any Securities or coupons shall not have been authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities or
coupons, in either its own name or that of its predecessor Trustee, with the full force and effect which this Indenture provides for the certificate of authentication of the Trustee. 

Section 612. Appointment of Authenticating Agent. 

(a) At any time when any of the Securities remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to one or
more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, registration of transfer or partial redemption thereof, and Securities so authenticated shall be
entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a Responsible Officer of the
Trustee, a copy of which instrument shall be promptly furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such
reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
reasonably acceptable to the Company and, except as may otherwise be provided pursuant to Section 301, shall at all times be a bank or trust company or corporation organized and doing business and in good standing under the laws of the United
States of America or of any State or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or
State authorities. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital
and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time an Authenticating Agent shall cease to be eligible in accordance
with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

(b) Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or further act on the part of the Trustee or the Authenticating Agent. 

(c) An Authenticating Agent for any series of Securities may at any time resign by giving written notice of resignation to the Trustee for
such series and to the Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon receiving such a
notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series may appoint a successor Authenticating Agent
which shall be acceptable to the Company and shall give notice of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve in the manner set forth in Section 106. Any successor
Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent herein. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 (d) The Company agrees to pay to each
Authenticating Agent from time to time reasonable compensation including reimbursement of its reasonable expenses for its services under this Section. 

  
 43 

 (e) If an appointment with respect to one or more series is made pursuant to this Section, the
Securities of such series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following form: 

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

 

			
	
[                     
                                         
                              ]

	as Trustee
		
	By:	 	  

		 	as Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory

 Section 613. Conflicting Interests. 

The Trustee shall comply with the provisions of Section 310(b) of the Trust Indenture Act. 

Section 614. Appointment of Co-Trustee. 

(a) For the purpose of meeting any legal requirements of any jurisdiction in which the Company may at the time be located in connection with
the enforcement of any right or the taking of any action on behalf of the Holders of any Securities issued hereunder, the Trustee shall have the power and may execute and deliver all instruments necessary to appoint one or more Persons to act as a
co-trustee or co-trustees, or separate trustee or separate trustees, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. Each co-trustee or separate trustee hereunder shall be required to meet the
terms of eligibility as a trustee under Section 608. The Trustee shall promptly notify the Holders and the Company of the appointment of a co-trustee or separate trustee under this section. 

(b) Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and
conditions: 
 (1) all rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized to act separately without the Trustee joining in such act), except
to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations
shall be exercised and performed singly by such separate trustee or co-trustee, but solely at the direction of the Trustee; 

(2) no trustee hereunder shall be personally liable by reason of any act or omission of any other trustee hereunder; 

(3) the Trustee may at any time accept the resignation of or remove any separate trustee or co-trustee; 

(4) any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate
trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Indenture and the conditions of this Article Six. Each separate trustee and co-trustee,
upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this
Indenture, specifically including every provision of this Indenture relating to the conduct of, affecting the liability of, or affording protection or rights (including the rights to compensation, reimbursement and indemnification hereunder) to, the
Trustee. Every such instrument shall be filed with the Trustee; and 
 (5) any separate trustee or co-trustee may at any time
constitute the Trustee its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Indenture on its behalf and in its name for the purposes of enforcing any
rights or taking any other action on behalf of the Holders of any Securities issued hereunder. 

  
 44 

 Section 615. Trustee’s Application for Instructions from the Company. 

Any application by the Trustee for written instructions from the Company may, at the option of the Trustee, set forth in writing any action
proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of, the
Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than five Business Days after the date any Officer of the Company actually receives such application,
unless any such Officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee shall have received written instructions in response to such
application specifying the action to be taken or omitted. 
 Section 616. Preferential Collection of Claims Against Company.

 The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who
has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. 
 ARTICLE SEVEN 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Section 701. Disclosure of Names and Addresses of Holders. 

(a) The Company will furnish or cause to be furnished to the Trustee: 

(1) semiannually, not later than 15 days after each Regular Record Date for Securities of each series at the time Outstanding,
a list in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Registered Securities as of such Regular Record Date, or if there is no Regular Record Date for interest for such series of Securities,
semiannually, upon such dates as are set forth in the Board Resolution, Officers’ Certificates indenture supplemental hereto authorizing such series, and 

(2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such
request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 
 provided, that, so long
as the Trustee is the Security Registrar, no such list shall be required to be furnished. 
 (b) The Trustee shall preserve, in as current a
form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders received by the Trustee in its capacity as
Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. 

(c) The rights of the Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities, and
the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 
 (d) Every Holder of Securities
or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any Authenticating Agent nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the
disclosure of any information as to the names and addresses of the Holders of Securities in accordance with TIA Section 312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by
reason of mailing any material pursuant to a request made under TIA Section 312(b). 
 Section 702. Reports by Trustee.

 Within 60 days after May 15 of each year commencing with the first May 15 after the first issuance of Securities pursuant to
this Indenture, the Trustee shall transmit by mail to all Holders of Securities as provided in TIA Section 313(c) a brief report dated as of such May 15 if required by TIA Section 313(a). The Trustee will also comply with TIA
Section 313(b). 

  
 45 

 A copy of each such report shall, at the time of such transmission to Holders, be filed by the
Trustee with each stock exchange, if any, upon which the Securities are listed, with the Commission and with the Company. The Company will promptly notify the Trustee of the listing or de-listing of the Securities on any stock exchange. 

Section 703. Reports by Company. 

(a) The Company will: 

(1) file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the
annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the
Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company is not required to file information, documents or reports pursuant to either of such Sections, then it will file with the Trustee
and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the
Securities Exchange Act of 1934 in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(2) file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and 

(3) transmit by mail to the Holders of Securities, within 30 days after the filing thereof with the Trustee, in the manner and
to the extent provided in TIA Section 313(c), such summaries of any information, documents and reports required to be filed by the Company pursuant to clauses (1) and (2) of this Subsection as may be required by rules and
regulations prescribed from time to time by the Commission. 
 (b) Delivery of such reports, information and documents to the Trustee
pursuant to Subsection (a) of this Section is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

Section 704. Calculation of Original Issue Discount. 

Upon request of the Trustee, the Company shall file with the Trustee promptly at the end of each calendar year 

(a) a written notice specifying the amount of original issue discount (including daily rates and accrual periods), if any, accrued on
Outstanding Securities as of the end of such year and 
 (b) such other specific information relating to such original issue discount as may
then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 
 ARTICLE EIGHT 

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 

Section 801. Company May Consolidate, Etc., Only on Certain Terms. 

(a) The Company shall not consolidate with or merge with or into another Person (whether or not the Company is the surviving corporation) or
directly or indirectly sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties and assets of the Company and its Subsidiaries taken as a whole, in one or more related transactions, to another Person
or Persons, unless: 
 (1) either the Company is the surviving corporation, or the Person formed by or surviving any such
consolidation or merger (if other than the Company), or to which such sale, assignment, transfer, conveyance or other disposition shall have been made (i) is organized and 

  
 46 

 
existing under the laws of the United States, any state thereof or the District of Columbia, and (ii) expressly assumes, by a supplemental indenture executed and delivered to the Trustee, in
form reasonably satisfactory to the Trustee, all the obligations of the Company under the Securities and this Indenture; 

(2) immediately after giving effect to such transaction, no Default or Event of Default exists; and 

(3) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that
such consolidation, merger, sale, assignment, conveyance or transfer and such supplemental indenture (if any) comply with this Indenture; 

(4) immediately after giving effect to such transaction on a pro forma basis, the Company or the Person formed by or surviving
any such consolidation or merger (if other than the Company), or to which such sale, assignment, transfer, conveyance or other disposition shall have been made will, on the date of such transaction after giving pro forma effect thereto and any
related financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, be permitted to incur at least $1.00 of additional indebtedness pursuant to the provisions hereof or any supplemental indenture; and

 (5) each Subsidiary Guarantor, unless such Subsidiary Guarantor is the Person with which the Company has entered into a
transaction under this Section 801, shall have by supplemental indenture to its Subsidiary Guarantee confirmed that its Subsidiary Guarantee shall apply to the obligations of the Company or the surviving Person in accordance with the Securities
and this Indenture. 
 (b) this Section 801 shall not apply to (1) any merger, consolidation or sale, assignment, transfer,
conveyance or other disposition of assets (i) between or among the Company and any of its Restricted Subsidiaries or (ii) entered into for the purpose of reincorporating an entity in another jurisdiction or (2) any reorganization that
results in all of the Capital Stock of the Company being held by a Parent Entity, provided that the shareholders of the Parent Entity immediately after such reorganization are the shareholders of the Company immediately preceding such
reorganization. 
 Section 802. Successor Person Substituted. 

(a) Upon any consolidation or merger, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of
the properties and assets of the Company in accordance with Section 801, the successor Person formed by such consolidation with the Company or to which such sale, assignment, transfer, conveyance or other disposition is made shall succeed to,
and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein; thereafter the predecessor company shall be relieved of all
further obligations and covenants under this Indenture and the Securities; provided that the Company shall not be released from its obligation to pay the principal of, premium, if any, or interest on the Securities in the case of a lease of all or
substantially all of its properties and assets. 
 (b) Such successor entity thereupon may cause to be signed, and may issue either in its
own name or in the name of the Company, any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor entity, instead of the Company,
and subject to all the terms, conditions and limitations prescribed in this Indenture, the Trustee shall authenticate and shall deliver any Securities which previously shall have been signed and delivered by the Officers of the Company to the
Trustee for authentication, and any Securities which such successor entity thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Securities of any series so issued shall in all respects have the same legal rank
and benefit under this Indenture as the Securities of such series theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof. 

(c) In case of any such merger in which the Company is not the surviving corporation or any such consolidation, sale, lease, assignment,
transfer or conveyance, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 

  
 47 

 Section 803. Officers’ Certificate and Opinion of Counsel. 

Any consolidation, merger, sale, conveyance, assignment, transfer or lease permitted under Section 801 is also subject to the condition
that the Trustee shall have received an Officers’ Certificate and an Opinion of Counsel to the effect that any such consolidation, merger, sale, conveyance, transfer, assignment or lease, and the assumption by any successor Person and any such
supplemental indenture, comply with the provisions of this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

ARTICLE NINE 

SUPPLEMENTAL INDENTURES 

Section 901. Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holders of Securities or coupons, the Company when authorized by or pursuant to a Board Resolution, and the Trustee,
at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(a) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company
herein and in the Securities contained; or 
 (b) to add to the covenants of the Company for the benefit of the Holders of all or any series
of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred
upon the Company; or 
 (c) to add any additional Events of Default for the benefit of the Holders of all or any series of Securities (and
if such Events of Default are to be for the benefit of less than all series of Securities, stating that such Events of Default are expressly being included solely for the benefit of such series); provided, that, in respect of any such additional
Events of Default such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such
default or may limit the remedies available to the Trustee upon such default or may limit the right of the Holders of a majority in aggregate principal amount of that or those series of Securities to which such additional Events of Default apply to
waive such default; or 
 (d) to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be
registrable as to principal, to change or eliminate any restrictions on the payment of principal of or any premium or interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer
Securities to be issued in exchange for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form; provided that any such action shall not adversely affect the interests of the
Holders of Securities of any series or any related coupons in any material respect; or 
 (e) to change or eliminate any of the provisions
of this Indenture; provided that any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture which is entitled to the benefit of such
provision; or 
 (f) to secure the Securities pursuant to the requirements of such indenture supplement, if applicable; or 

(g) to establish the form or terms of Securities of any series and any related coupons as permitted by Sections 201 and 301, including
the provisions and procedures relating to Securities convertible into or exchangeable for any securities of any Person (including the Company); or 

(h) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more
series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; or 

(i) to close this indenture with respect to the authentication and delivery of additional series of Securities; or 

(j) to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make
any other provisions with respect to matters or questions arising under this Indenture; provided that such action shall not adversely affect the interests of the Holders of Securities of any series or any related coupons in any material respect; or

  
 48 

 (k) to supplement any of the provisions of this Indenture to such extent as shall be necessary to
permit or facilitate the defeasance and discharge of any series of Securities pursuant to Sections 401, 1402 and 1403; provided that any such action shall not adversely affect the interests of the Holders of Securities of such series and
any related coupons or any other series of Securities in any material respect; or 
 (l) to comply with the requirements of the Commission
in order to effect or maintain the qualification of this Indenture under the TIA. 
 Section 902. Supplemental Indentures with
Consent of Holders. 
 (a) With the consent of the Holders of not less than a majority in principal amount of all Outstanding Securities
affected by such supplemental indenture, with each series voting separately, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee may enter into an
indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture which affects such series of Securities or of modifying in any manner the rights
of the Holders of Securities of such series under this Indenture; provided, that, no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security of such series affected thereby: 

(1) change the Stated Maturity of the principal of (or premium, if any, on) or any installment of principal of or interest on,
any Security, subject to the provisions of Section 308; or reduce the principal amount thereof (or premium, if any) or the rate of interest (or change the manner of calculation of interest), thereon, or any Additional Amounts with respect
thereto, or any premium payable upon the redemption thereof, or change any obligation of the Company to pay Additional Amounts pursuant to Section 1005 (except as contemplated by Subsection 801(a) and permitted by Subsection 901(a)),
or reduce the amount of the principal of an Original Issue Discount Security or Indexed Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502 or the amount thereof provable in
bankruptcy pursuant to Section 504, or adversely affect any right of repayment at the option of the Holder of any Security, or change any Place of Payment where, or the Currency in which, any Security or any premium or interest or Additional
Amount thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment at the option of the Holder, on or after the Redemption Date
or the Repayment Date, as the case may be), or adversely affect any right to convert or exchange any Security as may be provided pursuant to Section 301 herein, or 

(2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is
required for any such supplemental indenture, or the consent of whose Holders is required for any waiver with respect to such series (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences)
provided for in this Indenture, or reduce the requirements of Section 1504 for quorum or voting, or 
 (3) modify any of
the provisions of this Section, Section 514 or Section 1007, except to increase any such percentage or to provide that certain other provisions of this Indenture that affect such series cannot be modified or waived without the consent of
the Holder of each Outstanding Security affected thereby, or 
 (4) cause the Securities to be expressly subordinated to
other indebtedness of the Company. 
 (b) It shall not be necessary for any Act of Holders under this Section to approve the particular form
of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 (c) A supplemental
indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of
Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 

  
 49 

 (d) The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Persons entitled to consent to any indenture supplemental hereto. If a record date is fixed, the Holders at the close of Business on such record date, or their duly designated proxies, and only such Persons, shall be entitled to
consent to such supplemental indenture, whether or not such Holders remain Holders after such record date; provided that unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date
which is 90 days after such record date, any such consent previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 

Section 903. Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modification thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon (subject to the provisions of Article Six hereof), an Opinion of Counsel stating that the execution of such supplemental
indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 Section 904. Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such
supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder and of any coupon appertaining thereto shall be bound thereby. 

Section 905. Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.

 Section 906. Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall,
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of
the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

ARTICLE TEN 
 COVENANTS

 Section 1001. Payment of Principal, Premium, if any, and Interest. 

The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the principal
of (and premium, if any) and interest and Additional Amounts, if any, on the Securities of that series in accordance with the terms of such series of Securities, any coupons appertaining thereto and this Indenture. Any interest due on Bearer
Securities on or before Maturity, other than Additional Amounts, if any, payable as provided in Section 1005 in respect of principal of (or premium, if any, on) such a Security, shall be payable only upon presentation and surrender of the
several coupons for such interest installments as are evidenced thereby as they severally mature. Unless otherwise specified with respect to Securities of any series pursuant to Section 301, at the option of the Company, all payments of
principal may be paid by check to the registered Holder of the Registered Security or other person entitled thereto against surrender of such Security or wire transfer to an account in the United States maintained by the Payee. 

Section 1002. Maintenance of Office or Agency. 

(a) If Securities of a series are issuable only as Registered Securities, the Company shall maintain in each Place of Payment for any series of
Securities an office or agency where Securities of that series may be 

  
 50 

 
presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange, where Securities of that series that are convertible or
exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. If Securities of a series are issuable as
Bearer Securities, the Company will maintain: 
 (1) in the Borough of Manhattan, The City of New York, an office or agency
where any Registered Securities of that series may be presented or surrendered for payment, where any Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for
exchange, where Securities of that series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that series and this
Indenture may be served and where Bearer Securities of that series and related coupons may be presented or surrendered for payment in the circumstances described in Subsection (c) of this Section (and not otherwise), 

(2) subject to any laws or regulations applicable thereto, in a Place of Payment for that series which is located outside the
United States, an office or agency where Securities of that series and related coupons may be presented and surrendered for payment; provided, that, if the Securities of that series are listed on the Luxembourg Stock Exchange or any other stock
exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent for the Securities of that series in Luxembourg or any other required city located outside the United States, as the case
may be, so long as the Securities of that series are listed on such exchange, and 
 (3) subject to any laws or regulations
applicable thereto, in a Place of Payment for that series located outside the United States an office or agency where any Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be
surrendered for exchange, where Securities of that series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable and where notices and demands to or upon the Company in respect of the Securities of that
series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of each such office or agency. 

(b) If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities of that series and the related coupons may be presented and surrendered for payment at the
offices specified in the Security, in London, England, and the Company hereby appoints the same as its agent to receive such respective presentations, surrenders, notices and demands, and the Company hereby appoints the Trustee its agent to receive
all such presentations, surrenders, notices and demands. 
 (c) Unless otherwise specified with respect to any Securities pursuant to
Section 301, no payment of principal, premium or interest on Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account
maintained with a bank located in the United States; provided, that, if the Securities of a series are payable in Dollars, payment of principal of (and premium, if any) and interest, if any, on any Bearer Security shall be made at the office of the
Company’s Paying Agent in the Borough of Manhattan, The City of New York, if (but only if) payment in Dollars of the full amount of such principal, premium or interest, as the case may be, at all offices or agencies outside the United States
maintained for such purpose by the Company in accordance with this Indenture, is illegal or effectively precluded by exchange controls or other similar restrictions. 

(d) The Company may from time to time designate one or more other offices or agencies where the Securities of one or more series may be
presented or surrendered for any or all of such purposes, and may from time to time rescind such designations; provided, that, no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency in accordance with the requirements set forth above for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such
other office or agency. Unless otherwise specified with respect to any Securities pursuant to Section 301 with respect to a series of Securities, the Company hereby designates as a Place of Payment for each series of Securities the office or
agency of the Company in the Borough of Manhattan, The City of New York, and initially appoints the Trustee at its Corporate Trust Office as Paying Agent in such city and as its agent to receive all such presentations, surrenders, notices and
demands. 

  
 51 

 (e) Unless otherwise specified with respect to any Securities pursuant to Section 301, if
and so long as the Securities of any series 
 (1) are denominated in a Currency other than Dollars, or 

(2) may be payable in a Currency other than Dollars, or 

(3) so long as it is required under any other provision of the Indenture, 

then the Company will maintain with respect to each such series of Securities, or as so required, at least one Exchange Rate Agent. 

Section 1003. Money for Securities Payments to be Held in Trust. 

(a) If the Company or any Subsidiary or any Affiliate of any of them shall at any time act as Paying Agent with respect to any series of any
Securities and any related coupons, it will, on or before each due date of the principal of (or premium, if any) or interest, if any, on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Subsections 312(b), 312(d)
and 312(e)) sufficient to pay the principal of (and premium, if any) and interest, if any, on Securities of such series so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly
notify the Trustee of its action or failure so to act. 
 (b) Whenever the Company shall have one or more Paying Agents for any series of
Securities and any related coupons, it will, on or before each due date of the principal of (or premium, if any) or interest, if any, on any Securities of that series, deposit with a Paying Agent a sum (in the Currency described in
Subsection 1003(a)) sufficient to pay the principal (or premium, if any) or interest, if any, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest and (unless such Paying
Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. The Paying Agent shall agree that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to
make any payment of the principal of (and premium, if any) or interest on the Securities of that series when the same shall be due and payable. 

(c) The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay,
or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such sums. 

(d) Except as otherwise provided in the Securities of any series, any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of (or premium, if any) or interest, if any, on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be
paid to the Company upon Company Request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment of such
principal, premium or interest on any Security, without interest thereon, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided,
that, the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment for such series, or mailed to each Holder of
Registered Securities of such series, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will
be repaid to the Company. 
 Section 1004. Corporate Existence. 

Subject to Article Eight, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence and material rights and franchises (charter and statutory); provided, that, the Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer
necessary or desirable in the conduct of the business of the Company; and provided further, that the foregoing shall not prohibit a sale, transfer or conveyance of a Subsidiary or any of its assets in compliance with the terms of the
Indenture. 

  
 52 

 Section 1005. Additional Amounts. 

(a) If any Securities of a series provide for the payment of Additional Amounts, the Company will pay to the Holder of a Security of such
series or any coupon appertaining thereto Additional Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any) or interest, if
any, on any Security of any series or payment of any related coupon or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided by
the terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms and express mention of the payment of Additional
Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. 

(b) Except as otherwise specified as contemplated by Section 301, if the Securities of a series provide for the payment of Additional
Amounts, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal and any premium
is made), and at least 10 days prior to each date of payment of principal, premium or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee
and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal, premium or interest on
the Securities of that series shall be made to Holders of Securities of that series or any related coupons who are not United States persons without withholding for or on account of any tax, assessment or other governmental charge described in the
Securities of the series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities of that series or related
coupons and the Company will pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. In the event that the Trustee or any Paying Agent, as the case may be, shall not so receive the above-mentioned
certificate, then the Trustee or such Paying Agent shall be entitled (1) to assume that no such withholding or deduction is required with respect to any payment of principal of (or premium, if any) or interest with respect to any Securities of
a series or related coupons until it shall have received a certificate advising otherwise and (2) to make all payments of principal of (or premium, if any) and interest with respect to the Securities of a series or related coupons without
withholding or deductions until otherwise advised. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on
their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section. 

Section 1006. Statement as to Compliance. 

The Company (and each Subsidiary Guarantor to the extent that such Subsidiary Guarantor is required under the TIA) will deliver to the Trustee,
within 120 days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial officer or principal accounting officer as to his or her knowledge of the Company’s (or such Subsidiary
Guarantor’s) compliance with all conditions and covenants under this Indenture and, if the Company (or such Subsidiary Guarantor) is in default, specifying all such defaults and the nature and status thereof of which he or she may have
knowledge. For purposes of this Section 1006, such compliance shall be determined without regard to any period of grace or requirement of notice under this Indenture. 

Section 1007. Waiver of Certain Covenants. 

With respect to the Securities of any series, the Company may omit in any particular instance to comply with any term, provision or condition
specified pursuant to Section 301 as being subject to this Section 1007, if before or after the time for such compliance the Holders of at least a majority in principal amount of all Outstanding Securities of such series affected by such
term, provision or condition, by Act of such Holders, waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except
to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 

  
 53 

 Section 1008. Statement by Officers as to Default. 

The Company shall deliver to the Trustee, as soon as possible and in any event within 10 days after the Company becomes aware of the occurrence
of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the details of such Event of Default or default and the action which the Company
proposes to take with respect thereto. 
 ARTICLE ELEVEN 

REDEMPTION OF SECURITIES 

Section 1101. Applicability of Article. 

Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as
otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 
 Section 1102.
Election to Redeem; Notice to Trustee. 
 The election of the Company to redeem any Securities shall be evidenced by or pursuant to a
Board Resolution. In case of any redemption at the election of the Company of less than all of the Securities of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be
satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on
such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 

Section 1103. Selection by Trustee of Securities to be Redeemed. 

(a) If less than all the Securities of any series issued on the same day with the same terms are to be redeemed, the particular Securities to
be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series issued on such date with the same terms not previously called for redemption, by such method as the
Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof) of the principal amount of
Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. 
 (b) The
Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be
redeemed. 
 (c) For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of
Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed. 

Section 1104. Notice of Redemption. 

(a) Notice of redemption shall be given in the manner provided in Section 106, not less than 30 days nor more than 60 days prior to the
Redemption Date, unless a shorter period is specified by the terms of such series established pursuant to Section 301, to each Holder of Securities to be redeemed, but failure to give such notice in the manner herein provided to the Holder of
any Security designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other such Security or portion thereof. 

(b) Any notice that is mailed to the Holders of Registered Securities in the manner herein provided shall be conclusively presumed to have
been duly given, whether or not the Holder receives the notice. All notices of redemption shall state: 
 (1) the Redemption
Date, 
 (2) the Redemption Price and the amount of accrued interest, if any, to the Redemption Date payable as provided in
Section 1106, 

  
 54 

 (3) if less than all the Outstanding Securities of any series are to be redeemed,
the identification (and, in the case of partial redemption, the principal amount) of the particular Securities to be redeemed, 

(4) in case any Security is to be redeemed in part only, the notice which relates to such Security shall state that on and
after the Redemption Date, upon surrender of such Security, the Holder will receive, without a charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed, 

(5) that on the Redemption Date, the Redemption Price and accrued interest, if any, to the Redemption Date payable as provided
in Section 1106 will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on and after said date, 

(6) the Place or Places of Payment where such Securities, together in the case of Bearer Securities with all coupons
appertaining thereto, if any, maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price and accrued interest, if any, 

(7) that the redemption is for a sinking fund, if such is the case, 

(8) that, unless otherwise specified in such notice, Bearer Securities of any series, if any, surrendered for redemption must
be accompanied by all coupons maturing subsequent to the Redemption Date or the amount of any such missing coupon or coupons will be deducted from the Redemption Price, unless security or indemnity satisfactory to the Company, the Trustee for such
series and any Paying Agent is furnished, 
 (9) if Bearer Securities of any series are to be redeemed and any Registered
Securities of such series are not to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to redemption on this Redemption Date pursuant to Section 305 or otherwise, the last date, as determined by
the Company, on which such exchanges may be made, and 
 (10) the CUSIP number of such Security, if any. 

(c) Notice of redemption of Securities to be redeemed shall be given by the Company or, at the Company’s request, by the Trustee in the
name and at the expense of the Company. 
 Section 1105. Deposit of Redemption Price. 

On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own
Paying Agent, which it may not do in the case of a sinking fund payment under Article Twelve, segregate and hold in trust as provided in Section 1003) an amount of money in the Currency in which the Securities of such series are payable (except
as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Subsections 312(b), 312(d) and 312(e)) sufficient to pay on the Redemption Date the Redemption Price of, and (unless
otherwise specified pursuant to Section 301) accrued and unpaid interest, if any, on, all the Securities or portions thereof which are to be redeemed on that date. 

Section 1106. Securities Payable on Redemption Date. 

(a) Notice of redemption having been given as aforesaid, the Securities of any series so to be redeemed shall, on the Redemption Date, become
due and payable at the Redemption Price therein specified in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as
provided in Subsections 312(b), 312(d) and 312(e)) (together with accrued interest, if any, to the Redemption Date), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest, if
any) such Securities shall if the same were interest-bearing cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon surrender of any
such Security for redemption in accordance with said notice, together with all coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together with accrued
interest, if any, to the Redemption Date; provided, that, installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only at an office or agency located outside the

  
 55 

 
United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of coupons for such
interest; and provided further that installments of interest on Registered Securities whose Stated Maturity is prior to (or, if specified pursuant to Section 301, on) the Redemption Date shall be payable to the Holders of such Securities, or
one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307. 

(b) If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant coupons maturing after the Redemption Date,
such Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished
to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a
deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted; provided, that, interest represented by coupons shall be payable only at an office or agency located outside the United States
(except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those coupons. 

(c) If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any)
shall, until paid, bear interest from the Redemption Date at the rate of interest set forth in such Security or, in the case of an Original Issue Discount Security, at the Yield to Maturity of such Security. 

Section 1107. Securities Redeemed in Part. 

Any Registered Security which is to be redeemed only in part (pursuant to the provisions of this Article or of Article Twelve) shall be
surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his
attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security without service charge a new Security or Securities of the same series, of any authorized denomination
as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. However, if less than all the Securities of any series with differing issue dates,
interest rates and stated maturities are to be redeemed, the Company in its sole discretion shall select the particular Securities to be redeemed and shall notify the Trustee in writing thereof at least 45 days prior to the relevant redemption date.

 ARTICLE TWELVE 

SINKING FUNDS 

Section 1201. Applicability of Article. 

(a) The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise
specified as contemplated by Section 301 for Securities of such series. 
 (b) The minimum amount of any sinking fund payment provided
for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities of any series is herein referred
to as an “optional sinking fund payment”. If provided for by the terms of any Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking
fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 

Section 1202. Satisfaction of Sinking Fund Payments with Securities. 

Except as otherwise specifically contemplated by Section 301 for Securities of such series, the Company may, in satisfaction of all or any
part of any mandatory sinking fund payment with respect to the Securities of a series, (a) deliver Outstanding Securities of such series (other than any previously called for redemption) together in the case of any Bearer Securities of such
series with all unmatured coupons appertaining thereto and (b) apply as a credit Securities of such series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of
permitted optional sinking fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities; provided that 

  
 56 

 
such Securities so delivered or applied as a credit have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the applicable
Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 

Section 1203. Redemption of Securities for Sinking Fund. 

Not less than 60 days prior to each sinking fund payment date for Securities of any series, the Company will deliver to the Trustee an
Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash in the Currency in
which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Subsections 312(b), 312(d) and 312(e)) and the portion
thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also
deliver to the Trustee any Securities to be so delivered and credited. If such Officers’ Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be
obligated to pay the amount therein specified. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103
and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Sections 1106 and 1107. 
 ARTICLE THIRTEEN 

REPAYMENT AT THE OPTION OF HOLDERS 

Section 1301. Applicability of Article. 

Repayment of Securities of any series before their Stated Maturity at the option of Holders thereof shall be made in accordance with the terms
of such Securities and (except as otherwise specified by the terms of such series established pursuant to Section 301) in accordance with this Article. 

Section 1302. Repayment of Securities. 

Securities of any series subject to repayment in whole or in part at the option of the Holders thereof will, unless otherwise provided in the
terms of such Securities, be repaid at the Repayment Price thereof, together with interest, if any, thereon accrued to the Repayment Date specified in or pursuant to the terms of such Securities. The Company covenants that on or before the Repayment
Date it will deposit with the Trustee or with a Paying Agent (or, if the Company or any Subsidiary or any Affiliate of any of them is acting as Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money in the
Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Subsections 312(b), 312(d) and 312(e))
sufficient to pay the Repayment Price of, and (unless otherwise specified pursuant to Section 301) accrued interest on, all the Securities or portions thereof, as the case may be, to be repaid on such date. 

Section 1303. Exercise of Option. 

Securities of any series subject to repayment at the option of the Holders thereof will contain an “Option to Elect Repayment”
form on the reverse of such Securities. To be repaid at the option of the Holder, any Security so providing for such repayment, with the “Option to Elect Repayment” form on the reverse of such Security duly completed by the Holder (or
by the Holder’s attorney duly authorized in writing), must be received by the Company at the Place of Payment therefor specified in the terms of such Security (or at such other place or places of which the Company shall from time to time notify
the Holders of such Securities) not earlier than 45 days nor later than 30 days prior to the Repayment Date. If less than the entire Repayment Price of such Security is to be repaid in accordance with the terms of such Security, the portion of the
Repayment Price of such Security to be repaid, in increments of the minimum denomination for Securities of such series, and the denomination or denominations of the Security or Securities to be issued to the Holder for the portion of such Security
surrendered that is not to be repaid, must be specified. Any Security providing for repayment at the option of the Holder thereof may not be repaid in part if, following such repayment, the unpaid principal amount of such Security would be less

  
 57 

 
than the minimum authorized denomination of Securities of the series of which such Security to be repaid is a part. Except as otherwise may be provided by the terms of any Security providing for
repayment at the option of the Holder thereof, exercise of the repayment option by the Holder shall be irrevocable unless waived by the Company. 

Section 1304. When Securities Presented for Repayment Become Due and Payable. 

(a) If Securities of any series providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this
Article and as provided by or pursuant to the terms of such Securities, such Securities or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment Date therein specified,
and on and after such Repayment Date (unless the Company shall default in the payment of such Securities on such Repayment Date) such Securities shall, if the same were interest-bearing, cease to bear interest and the coupons for such interest
appertaining to any Bearer Securities so to be repaid, except to the extent provided below, shall be void. Upon surrender of any such Security for repayment in accordance with such provisions, together with all coupons, if any, appertaining thereto
maturing after the Repayment Date, the Repayment Price of such Security so to be repaid shall be paid by the Company, together with accrued interest, if any, to the Repayment Date; provided, that, coupons whose Stated Maturity is on or prior to the
Repayment Date shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified pursuant to Section 301, only upon presentation and surrender of
such coupons; and provided further that installments of interest on Registered Securities, whose Stated Maturity is prior to (or, if specified pursuant to Section 301, on) the Repayment Date shall be payable (but without interest thereon,
unless the Company shall default in the payment thereof) to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions
of Section 307. 
 (b) If any Bearer Security surrendered for repayment shall not be accompanied by all appurtenant coupons maturing
after the Repayment Date, such Security may be paid after deducting from the amount payable therefor as provided in Section 1302 an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons
may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or
any Paying Agent any such missing coupon in respect of which a deduction shall have been made as provided in the preceding sentence, such Holder shall be entitled to receive the amount so deducted; provided, that, interest represented by coupons
shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those
coupons. 
 (c) If any Security surrendered for repayment shall not be so repaid upon surrender thereof, the Repayment Price shall, until
paid, bear interest from the Repayment Date at the rate of interest set forth in such Security or, in the case of an Original Issue Discount Security, at the Yield to Maturity of such Security. 

Section 1305. Securities Repaid in Part. 

Upon surrender of any Registered Security which is to be repaid in part only, the Company shall execute and the Trustee shall authenticate and
deliver to the Holder of such Security, without service charge and at the expense of the Company, a new Registered Security or Securities of the same series, of any authorized denomination specified by the Holder, in an aggregate principal amount
equal to and in exchange for the portion of the principal of such Security so surrendered which is not to be repaid. 
 ARTICLE FOURTEEN

 DEFEASANCE AND COVENANT DEFEASANCE 

Section 1401. Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance. 

If pursuant to Section 301 provision is made for either or both of (a) defeasance of the Securities of or within a series under
Section 1402 or (b) covenant defeasance of the Securities of or within a series under Section 1403, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article (with such
modifications thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities and any coupons appertaining thereto, and the Company may at its option by Board Resolution, at any time,
with respect to such Securities and any coupons appertaining thereto, elect to have Section 1402 (if applicable) or Section 1403 (if applicable) be applied to such Outstanding Securities and any coupons appertaining thereto upon compliance
with the conditions set forth below in this Article. 

  
 58 

 Section 1402. Defeasance and Discharge. 

Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the
Company shall each be deemed to have been discharged from its obligations with respect to such Outstanding Securities and any coupons appertaining thereto on the date the conditions set forth in Section 1404 are satisfied
(hereinafter, “defeasance”). For this purpose, such defeasance means that the Company and the Subsidiary Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities and any
coupons appertaining thereto, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1405 and the other Sections of this Indenture referred to in clauses (a) and (b) of this Section 1402,
and to have satisfied all its other obligations under such Securities and any coupons appertaining thereto and this Indenture insofar as such Securities and any coupons appertaining thereto are concerned (and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: 

(a) the rights of Holders of such Outstanding Securities and any coupons appertaining thereto to receive, solely from the trust fund described
in Section 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on such Securities and any coupons appertaining thereto when such payments are due, 

(b) the obligations of the Company with respect to such Securities under Sections 304, 305, 306, 1002 and 1003 and with respect to
the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1005 with respect to the rights, if any, of the holders of such Securities to require the Company to repay such Securities as contemplated by Article
Thirteen and with respect to the rights, if any, of holders to convert or exchange such Securities into other Securities, 
 (c) the rights,
powers, trusts, duties and immunities of the Trustee hereunder and 
 (d) subject to compliance with this Article Fourteen, the Company may
exercise its option under this Section 1402 notwithstanding the prior exercise of its option under Section 1403 with respect to such Securities and any coupons appertaining thereto. 

Section 1403. Covenant Defeasance. 

Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the
Company shall be released from its obligations under any other covenant specified pursuant to Section 301, with respect to such Outstanding Securities and any coupons appertaining thereto on and after the date the conditions set forth in
Section 1404 are satisfied (hereinafter, “covenant defeasance”), and such Securities and any coupons appertaining thereto shall thereafter be deemed to not be “Outstanding” for the purposes of any direction, waiver,
consent or declaration or Act of Holders (and the consequences of any thereof) in connection with any applicable covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant
defeasance means that, with respect to such Outstanding Securities and any coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or
such other covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section or such other covenant to any other provision herein or in any
other document and such omission to comply shall not constitute a Default or an Event of Default under clause (4) of Subsection 501(a) or otherwise except as specified in accordance with Section 301, as the case may be, but, except as
specified above, the remainder of this Indenture and such Securities and any coupons appertaining thereto shall be unaffected thereby. 

Section 1404. Conditions to Defeasance or Covenant Defeasance. 

The following shall be the conditions to application of Section 1402 or Section 1403 to any Outstanding Securities of or within a
series and any coupons appertaining thereto: 
 (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee
(or another trustee satisfying the requirements of Section 608 who shall agree to comply with the provisions of this Article Fourteen applicable to it) as trust funds in trust for the purpose of making the following payments, specifically
pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities and any 

  
 59 

 
coupons appertaining thereto, (1) an amount (in such Currency in which such Securities and any coupons appertaining thereto are then specified as payable at Stated Maturity), or
(2) Government Obligations applicable to such Securities and coupons appertaining thereto (determined on the basis of the Currency in which such Securities and coupons appertaining thereto are then specified as payable at Stated Maturity) which
through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium, if any) and interest, if any, on such
Securities and any coupons appertaining thereto, money in an amount, or (3) a combination thereof in an amount, sufficient, in the opinion of a nationally recognized firm of independent public accountants or nationally recognized independent
investment banking firm expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, (i) the principal of (and
premium, if any) and interest, if any, on such Outstanding Securities and any coupons appertaining thereto on the Stated Maturity of such principal or installment of principal or interest and (ii) any mandatory sinking fund payments or
analogous payments applicable to such Outstanding Securities and any coupons appertaining thereto on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any coupons
appertaining thereto. 
 (b) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default
under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 
 (c) No
Default or Event of Default with respect to such Securities and any coupons appertaining thereto shall have occurred and be continuing on the date of such deposit or, insofar as clauses (5) and (6) of Subsection 501(a) are concerned,
at any time during the period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period).

 (d) In the case of an election under Section 1402, the Company shall have delivered to the Trustee an Opinion of Counsel stating
that (1) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (2) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in
either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of
such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred. 

(e) In the case of an election under Section 1403, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect
that the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject to Federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 
 (f) The
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance under Section 1402 or the covenant defeasance under Section 1403 (as the case
may be) have been complied with and an Opinion of Counsel to the effect that either (1) as a result of a deposit pursuant to Subsection (a) of this Section and the related exercise of the Company’s option under Section 1402 or
Section 1403 (as the case may be), registration is not required under the Investment Company Act of 1940, as amended, by the Company, with respect to the trust funds representing such deposit or by the trustee for such trust funds or
(2) all necessary registrations under said Act have been effected. 
 (g) Notwithstanding any other provisions of this Section, such
defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 301. 

Section 1405. Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 

(a) Subject to the provisions of Subsection 1003(d), all money and Government Obligations (or other property as may be provided pursuant
to Section 301) (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 in respect of any
Outstanding Securities of any series and any coupons appertaining thereto shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and any coupons 

  
 60 

 
appertaining thereto and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the
Holders of such Securities and any coupons appertaining thereto of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, if any, but such money need not be segregated from other funds except to the extent
required by law. 
 (b) Unless otherwise specified with respect to any Security pursuant to Section 301, if, after a deposit referred
to in Subsection 1404(a) has been made, (1) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Subsection 312(b) or the terms of such Security to receive payment in a
Currency other than that in which the deposit pursuant to Subsection 1404(a) has been made in respect of such Security, or (2) a Conversion Event occurs as contemplated in Subsection 312(d) or 312(e) or by the terms of any Security in
respect of which the deposit pursuant to Subsection 1404(a) has been made, the indebtedness represented by such Security and any coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the
payment of the principal of (and premium, if any) and interest, if any, on such Security as the same becomes due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other
property deposited in respect of such Security into the Currency in which such Security becomes payable as a result of such election or Conversion Event based on the applicable Market Exchange Rate for such Currency in effect on the second Business
Day prior to each payment date, except, with respect to a Conversion Event, for such Currency in effect (as nearly as feasible) at the time of the Conversion Event. 

(c) The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Government
Obligations deposited pursuant to Section 1404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities and any coupons
appertaining thereto. 
 (d) Anything in this Article Fourteen to the contrary notwithstanding, the Trustee shall deliver or pay to the
Company from time to time upon Company Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in Section 1404 which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this
Article. 
 Section 1406. Reinstatement. 

If the Trustee or any Paying Agent is unable to apply any money in accordance with Section 1405 by reason of any order or judgment of any
court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and such Securities and any related coupons shall be revived and reinstated as though no
deposit had occurred pursuant to Section 1402 or 1403, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 1405; provided, that if the Company makes any
payment of principal of (or premium, if any) or interest, if any, on any such Security or any related coupon following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities and any
related coupons to receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE FIFTEEN 

MEETINGS OF HOLDERS OF SECURITIES 

Section 1501. Purposes for Which Meetings May Be Called. 

If Securities of a series are issuable as Bearer Securities, a meeting of Holders of Securities of such series may be called at any time and
from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such series.

 Section 1502. Call, Notice and Place of Meetings. 

(a) The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 1501, to be
held at such time and at such place in the Borough of Manhattan, The City of New York or in London as the Trustee shall determine. Notice of every meeting of Holders of Securities of any 

  
 61 

 
series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 106, not
less than 21 nor more than 180 days prior to the date fixed for the meeting. 
 (b) In case at any time the Company, pursuant to a Board
Resolution, or the Holders of at least 10% in principal amount of the Outstanding Securities of any series, shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in
Section 1501, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such
request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the
Borough of Manhattan, The City of New York or in London for such meeting and may call such meeting for such purposes by giving notice thereof as provided in Subsection (a) of this Section. 

Section 1503. Persons Entitled to Vote at Meetings. 

To be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be (a) a Holder of one or more Outstanding
Securities of such series, or (b) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders. The only Persons who shall be entitled to be
present or to speak at any meeting of Holders of Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its
counsel. 
 Section 1504. Quorum; Action. 

(a) The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a
meeting of Holders of Securities of such series; provided, that if any action is to be taken at such meeting with respect to a consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a specified
percentage in principal amount of the Outstanding Securities of a series, the Persons entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the absence of a quorum
within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days
as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by
the chairman of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Subsection 1502(a), except that such notice need be given only once not less than
five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such
series which shall constitute a quorum. 
 (b) Subject to Subsection (a) of this Section 1504, at the reconvening of any meeting
adjourned for lack of a quorum the Persons entitled to vote 25% in principal amount of the Outstanding Securities at the time shall constitute a quorum for the taking of any action set forth in the notice of the original meeting. 

(c) Except as limited by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which
a quorum is present as aforesaid may be adopted by the affirmative vote of the Holders of not less than a majority in principal amount of the Outstanding Securities of that series; provided, that except as limited by the proviso to
Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage,
which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
not less than such specified percentage in principal amount of the Outstanding Securities of that series. 
 (d) Any resolution passed or
decision taken at any meeting of Holders of Securities of any series duly held in accordance with this Section shall be binding on all the Holders of Securities of such series and the related coupons, whether or not present or represented at the
meeting. 

  
 62 

 (e) Notwithstanding the foregoing provisions of this Section 1504, if any action is to be
taken at a meeting of Holders of Securities of any series with respect to any request, demand, authorization, direction, notice, consent, waiver or other action that this Indenture expressly provides may be made, given or taken by the Holders of a
specified percentage in principal amount of all Outstanding Securities affected thereby, or of the Holders of such series and one or more additional series: 

(1) there shall be no minimum quorum requirement for such meeting; and 

(2) the principal amount of the Outstanding Securities of such series that vote in favor of such request, demand,
authorization, direction, notice, consent, waiver or other action shall be taken into account in determining whether such request, demand, authorization, direction, notice, consent, waiver or other action has been made, given or taken under this
Indenture. 
 Section 1505. Determination of Voting Rights; Conduct and Adjournment of Meetings. 

(a) Notwithstanding any provisions of this Indenture, the Company may make such reasonable regulations as it may deem advisable for any meeting
of Holders of Securities of a series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Securities shall be
proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104 or by having the signature of the Person executing the proxy witnessed or guaranteed by any trust
company, bank or banker authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the
proof specified in Section 104 or other proof. 
 (b) The Company shall, by an instrument in writing appoint a temporary chairman of
the meeting, unless the meeting shall have been called by Holders of Securities as provided in Subsection 1502(b), in which case the Holders of Securities of the series calling the meeting shall in like manner appoint a temporary chairman. A
permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting. 

(c) At any meeting each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount of the
Outstanding Securities of such series held or represented by him; provided, that, no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not
Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 
 (d) Any
meeting of Holders of Securities of any series duly called pursuant to Section 1502 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such
series represented at the meeting, and the meeting may be held as so adjourned without further notice. 
 Section 1506. Counting
Votes and Recording Action of Meetings. 
 The vote upon any resolution submitted to any meeting of Holders of Securities of any series
shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held
or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their
verified written reports in duplicate of all votes cast at the meeting. A record, at least in duplicate, of the proceedings of each meeting of Holders of Securities of any series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the fact, setting forth a copy of the notice of the meeting and showing that said
notice was given as provided in Subsection 1502(a) and, if applicable, Section 1504. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to
the Company and another to the Trustee to be preserved by the Trustee, the former to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

  
 63 

 ARTICLE SIXTEEN 

GUARANTEES 

Section 1601. Unconditional Guarantee. 

(a) Each Subsidiary Guarantor hereby, jointly and severally, unconditionally guarantees to each Holder and to the Trustee the due and punctual
payment of the principal of, premium, if any, and interest on the Securities and all other amounts due and payable under this Indenture and the Securities by the Company whether at maturity, by acceleration, redemption, repurchase or otherwise,
including, without limitation, interest on the overdue principal of, premium, if any, and interest on the Securities, to the extent lawful, all in accordance with the terms hereof and thereof; subject, however, to the limitations set forth in this
Article Sixteen. 
 (b) Failing payment when due of any amount so guaranteed for whatever reason, the Subsidiary Guarantors will be
jointly and severally obligated to pay the same immediately. Each Subsidiary Guarantor hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Securities or this
Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Securities with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any
other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Subsidiary Guarantor hereby waives diligence, presentment, demand of payments, filing of claims with a court in the event of
insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that this Subsidiary Guarantee will not be discharged except by complete performance of
the obligations contained in the Securities, this Indenture and in the Subsidiary Guarantee. If any Holder or the Trustee is required by any court or otherwise to return to the Company, any Subsidiary Guarantor, or any custodian, trustee, liquidator
or other similar official acting in relation to the Company or any Subsidiary Guarantor, any amount paid by the Company or any Subsidiary Guarantor to the Trustee or such Holder, the Subsidiary Guarantee, to the extent theretofore discharged, shall
be reinstated in full force and effect. Each Subsidiary Guarantor agrees it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations
guaranteed hereby. Each Subsidiary Guarantor further agrees that, as between each Subsidiary Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the payment of principal of (and premium, if any)
interest, if any, and additional interest, if any, with respect to the Securities guaranteed hereby may be accelerated as provided in Article Five for the purposes of the applicable Subsidiary Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the obligations guaranteed in this Indenture, and (2) in the event of any acceleration of such obligations as provided in Article Five, such obligations (whether or not due and payable)
shall forthwith become due and payable by each Subsidiary Guarantor for the purpose of the applicable Subsidiary Guarantee. 

Section 1602. Limitation of Subsidiary Guarantor’s Liability. 

Each Subsidiary Guarantor and by its acceptance hereof each Holder of Securities hereby confirms that it is the intention of all such parties
that the guarantee by such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal, state or foreign law. To effectuate the foregoing intention, the Holders of
Securities and each Subsidiary Guarantor hereby irrevocably agree that the obligations of each Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed
liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary
Guarantee, result in the obligations of such Subsidiary Guarantor under the Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal, state or foreign law. 

Section 1603. Contribution. 

In order to provide for just and equitable contribution among the Subsidiary Guarantors, the Subsidiary Guarantors agree, inter se, that in the
event any payment or distribution is made by any Subsidiary Guarantor (a “Funding Guarantor”) under the Subsidiary Guarantee, such Funding Guarantor shall be entitled to a contribution from each other Subsidiary Guarantor for
all payments, damages and expenses incurred by the Funding Guarantor in discharging the Company’s obligations with respect to the Securities or any other Subsidiary Guarantor’s obligations with respect to the Subsidiary Guarantee. 

  
 64 

 Section 1604. Execution and Delivery of Subsidiary Guarantees. 

Each Subsidiary Guarantor hereby agrees that its execution and delivery of this Indenture or any supplemental indentures pursuant to Article
Nine shall evidence its Subsidiary Guarantee set forth in Section 1601 without the need for any further notation on the Securities. 

Each of the Subsidiary Guarantors hereby agrees that its Subsidiary Guarantee set forth in Section 1601 shall remain in full force and
effect notwithstanding any failure to endorse on each Security a notation relating to such Subsidiary Guarantee. 
 If an Officer of a
Subsidiary Guarantor whose signature is on this Indenture or any supplemental indenture no longer holds that office at the time the Trustee authenticates such Securities or at any time thereafter, such Subsidiary Guarantor’s Subsidiary
Guarantee shall be valid nevertheless. 
 The delivery of any Security by the Trustee, after the authentication thereof hereunder, shall
constitute due delivery of any Subsidiary Guarantee set forth in this Indenture on behalf of the Subsidiary Guarantor. 
 Section 1605.
Severability. 
 In case any provision of this Subsidiary Guarantee shall be invalid, illegal or unenforceable, that portion of such
provision that is not invalid, illegal or unenforceable shall remain in effect, and the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 65 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their
respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

							
		 		 	PERRY ELLIS INTERNATIONAL, INC.
				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 U.S. BANK NATIONAL ASSOCIATION,

    as Trustee

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	SUBSIDIARY GUARANTORS:
			
		 		 	 SUPREME INTERNATIONAL, LLC,

    a Delaware limited liability company

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PEI LICENSING, INC.,

    a Delaware corporation

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PERRY ELLIS MENSWEAR LLC,

    a Delaware limited liability company

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PERRY ELLIS SHARED SERVICES CORPORATION,

    a Delaware corporation

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 TAMPA DC, LLC,

    a Delaware limited liability company

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 66 

							
		 		 	 SUPREME REALTY, LLC,

    a Florida limited liability company

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PERRY ELLIS REAL ESTATE, LLC,

    a Delaware limited liability company

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 67 

 EXHIBIT A 

FORMS OF CERTIFICATES 

 EXHIBIT A-1 

FORM OF CERTIFICATE TO BE GIVEN BY PERSON ENTITLED 

TO RECEIVE BEARER SECURITY OR TO OBTAIN INTEREST 

PAYABLE PRIOR TO THE EXCHANGE DATE 

CERTIFICATE 
 [Insert title
or sufficient description of Securities to be delivered] 
 This is to certify that, as of the date hereof, and except as set forth below,
the above-captioned Securities held by you for our account (i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate the income of which is subject to United
States federal income taxation regardless of its source or a trust whose administration is subject to the primary supervision of a United States court and which has one or more United States persons who have the authority to control all of its
decisions (“United States person(s)”), (ii) are owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury Regulations
Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United
States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution hereby agrees, on its own behalf or
through its agent, that you may advise Perry Ellis International, Inc. or its agent that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of
1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, in addition, if the owner is a United States or foreign financial institution described in clause (iii) above (whether or not also described in clause (i) or
(ii)), this is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

As used herein, “United States” means the United States of America (including the states and the District of Columbia); and its
“possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 

We undertake to advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to the
above-captioned Securities held by you for our account in accordance with your Operating Procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be assumed that this certification
applies as of such date. 
 This certificate excepts and does not relate to
[U.S.$]            of such interest in the above-captioned Securities in respect of which we are not able to certify and as to which we understand an exchange for an interest in a Permanent
Global Security or an exchange for and delivery of definitive Securities (or, if relevant, collection of any interest) cannot be made until we do so certify. 

  
 A-1-1 

 We understand that this certificate may be required in connection with certain tax legislation in
the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested
party in such proceedings. 
  

			
	Dated:	 	
		
	 [To be dated no earlier than the 15th day prior to (i) the Exchange Date or
(ii) the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable]
 [Name of Person
Making Certification]
	 	
		
		 	(Authorized Signatory)
		
		 	Name:
		 	Title:

  
 A-1-2 

 EXHIBIT A-2 

FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR AND 

CLEARSTREAM BANKING SOCIÉTÉ ANONYME IN CONNECTION WITH THE 

EXCHANGE OF 
 A PORTION OF
A TEMPORARY GLOBAL SECURITY 
 OR TO OBTAIN INTEREST PAYABLE PRIOR 

TO THE EXCHANGE DATE 

CERTIFICATE 
 [Insert title
or sufficient description of Securities to be delivered] 
 This is to certify that, based solely on written certifications that we have
received in writing, by tested telex or by electronic transmission from each of the persons appearing in our records as persons entitled to a portion of the principal amount set forth below (our “Member Organizations”) substantially in the
form attached hereto, as of the date hereof, [U.S.$]        principal amount of the above-captioned Securities (i) is owned by person(s) that are not citizens or residents of the United States, domestic
partnerships, domestic corporations or any estate the income of which is subject to United States Federal income taxation regardless of its source or a trust whose administration is subject to the primary supervision of a United States court and
which has one or more United States persons who have the authority to control all of its decisions (“United States person(s)”), (ii) is owned by United States person(s) that are (a) foreign branches of United States financial
institutions (financial institutions, as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States
person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such
financial institution has agreed, on its own behalf or through its agent, that we may advise Perry Ellis International, Inc. or its agent that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in United States
Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, to the further effect, that financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii)) have certified that they have not
acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

As used herein, “United States” means the United States of America (including the states and the District of Columbia); and its
“possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 

We further certify that (i) we are not making available herewith for exchange (or, if relevant, collection of any interest) any portion
of the temporary global Security representing the above-captioned Securities excepted in the above-referenced certificates of Member Organizations and (ii) as of the date hereof we have not received any notification from any of our Member
Organizations to the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection of any interest) are no longer true and cannot be relied upon as
of the date hereof. 

  
 A-2-1 

 We understand that this certification is required in connection with certain tax legislation in
the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested
party in such proceedings. 
  

			
	Dated:	 	
		
	[To be dated no earlier than the Exchange Date or the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable]	 	
		
		 	 [Euroclear Bank] as Operator
 of the
Euroclear System
 [Clearstream Banking société anonyme]

		
		 	By
                                         
                                         
      

  
 A-2-2 

 GUARANTEE 

Each of the undersigned (the “Subsidiary Guarantors”) hereby jointly and severally unconditionally guarantees, to the extent
set forth in the Indenture dated as of [                    ], by and among Perry Ellis International, Inc., as issuer, the Subsidiary Guarantors and
U.S. Bank National Association, as Trustee (as amended, restated or supplemented from time to time, the “Indenture”), and subject to the provisions of the Indenture, (a) the due and punctual payment of the principal of, and
premium, if any, and interest on the Securities, when and as the same shall become due and payable, whether at maturity, by acceleration, redemption, repurchase or otherwise, the due and punctual payment of interest on overdue principal of, and
premium and, to the extent permitted by law, interest, and the due and punctual performance of all other obligations of the Company to the Holders of Securities or the Trustee, all in accordance with the terms set forth in Article Sixteen of the
Indenture, and (b) in case of any extension of time of payment or renewal of any Securities or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or
renewal, whether at stated maturity, by acceleration, redemption, repurchase or otherwise. 
 The obligations of the Subsidiary Guarantors
to the Holders of Securities and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth in Article Sixteen of the Indenture and reference is hereby made to the Indenture for the precise terms and limitations of this
Guarantee. 
 [Signatures on Following Pages] 

							
		 		 	SUBSIDIARY GUARANTORS:
			
		 		 	 SUPREME INTERNATIONAL, LLC,

    as Subsidiary Guarantor

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PEI LICENSING, INC.,

    as Subsidiary Guarantor

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PERRY ELLIS MENSWEAR LLC,

    as Subsidiary Guarantor

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PERRY ELLIS SHARED SERVICES CORPORATION,

    as Subsidiary Guarantor

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 TAMPA DC, LLC,

    as Subsidiary Guarantor

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 SUPREME REALTY, LLC,

    as Subsidiary Guarantor

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 		 	 PERRY ELLIS REAL ESTATE, LLC,

    as Subsidiary Guarantor

				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}]]