Document:

EX-4.1

 Exhibit 4.1 
  

 
  

KLÖCKNER PENTAPLAST OF AMERICA, INC., 

as Issuer 
 7 1⁄8% Senior Notes due 2020 
  

 
 INDENTURE 

Dated as of April 28, 2015 

DEUTSCHE TRUSTEE COMPANY LIMITED, 

as Trustee 
 CREDIT SUISSE AG,
CAYMAN ISLAND BRANCH 
 as Collateral Trustee 

DEUTSCHE BANK AG, LONDON BRANCH, 

as Paying Agent 
 DEUTSCHE BANK
LUXEMBOURG S.A. 
 as Transfer Agent and Registrar 

and 
 the Guarantors named herein

  
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	2	  
			
	 SECTION 1.01
	 	Definitions	  	 	2	  
	 SECTION 1.02
	 	Other Definitions	  	 	47	  
	 SECTION 1.03
	 	Rules of Construction	  	 	48	  
		
	 ARTICLE II THE NOTES
	  	 	49	  
			
	 SECTION 2.01
	 	Additional Notes	  	 	49	  
	 SECTION 2.02
	 	Form and Dating	  	 	49	  
	 SECTION 2.03
	 	Execution and Authentication	  	 	49	  
	 SECTION 2.04
	 	Registrar and Paying Agent	  	 	50	  
	 SECTION 2.05
	 	Paying Agent to Hold Money	  	 	51	  
	 SECTION 2.06
	 	Holder Lists	  	 	51	  
	 SECTION 2.07
	 	Transfer and Exchange	  	 	51	  
	 SECTION 2.08
	 	Replacement Notes	  	 	52	  
	 SECTION 2.09
	 	Outstanding Notes	  	 	53	  
	 SECTION 2.10
	 	Temporary Notes	  	 	53	  
	 SECTION 2.11
	 	Cancellation	  	 	53	  
	 SECTION 2.12
	 	Common Codes and ISINs	  	 	53	  
	 SECTION 2.13
	 	Defaulted Interest	  	 	54	  
	 SECTION 2.14
	 	Currency	  	 	54	  
		
	 ARTICLE III REDEMPTION
	  	 	55	  
			
	 SECTION 3.01
	 	Notices to Trustee and Paying Agents	  	 	55	  
	 SECTION 3.02
	 	Selection of Notes To Be Redeemed or Repurchased	  	 	55	  
	 SECTION 3.03
	 	Notice of Redemption	  	 	55	  
	 SECTION 3.04
	 	Effect of Notice of Redemption	  	 	57	  
	 SECTION 3.05
	 	Deposit of Redemption Price	  	 	57	  
	 SECTION 3.06
	 	Notes Redeemed in Part	  	 	57	  
		
	 ARTICLE IV COVENANTS
	  	 	58	  
			
	 SECTION 4.01
	 	Indebtedness	  	 	58	  
	 SECTION 4.02
	 	Limitation on Restricted Payments	  	 	64	  
	 SECTION 4.03
	 	Limitation on Liens	  	 	72	  
	 SECTION 4.04
	 	Limitation on Restrictions on Distributions from Restricted Subsidiaries	  	 	72	  
	 SECTION 4.05
	 	Limitation on Sales of Assets and Subsidiary Stock	  	 	75	  
	 SECTION 4.06
	 	Limitation on Affiliate Transactions	  	 	78	  
	 SECTION 4.07
	 	No Impairment of Security Interest	  	 	82	  
	 SECTION 4.08
	 	Additional Guarantees	  	 	82	  
	 SECTION 4.09
	 	Reports	  	 	83	  
	 SECTION 4.10
	 	Suspension of Covenants on Achievement of Investment Grade Status	  	 	86	  
	 SECTION 4.11
	 	Additional Intercreditor Agreements	  	 	86	  

  
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	 SECTION 4.12
	 	Payment of Notes	  	 	87	  
	 SECTION 4.13
	 	Withholding Taxes	  	 	88	  
	 SECTION 4.14
	 	Change of Control	  	 	91	  
	 SECTION 4.15
	 	[Reserved]	  	 	93	  
	 SECTION 4.16
	 	Compliance Certificate	  	 	93	  
	 SECTION 4.17
	 	Designation of Restricted and Unrestricted Subsidiaries	  	 	93	  
	 SECTION 4.18
	 	Limitation on Layered Debt	  	 	94	  
		
	 ARTICLE V SUCCESSOR COMPANY
	  	 	94	  
			
	 SECTION 5.01
	 	Merger and Consolidation	  	 	94	  
		
	 ARTICLE VI DEFAULTS AND REMEDIES
	  	 	98	  
			
	 SECTION 6.01
	 	Events of Default	  	 	98	  
	 SECTION 6.02
	 	Remedies Upon Event of Default	  	 	100	  
	 SECTION 6.03
	 	Acceleration	  	 	100	  
	 SECTION 6.04
	 	Other Remedies	  	 	101	  
	 SECTION 6.05
	 	Waiver of Past Defaults	  	 	101	  
	 SECTION 6.06
	 	Control by Majority	  	 	101	  
	 SECTION 6.07
	 	Limitation on Suits	  	 	102	  
	 SECTION 6.08
	 	Rights of Holders to Receive Payment	  	 	102	  
	 SECTION 6.09
	 	Collection Suit by Trustee	  	 	102	  
	 SECTION 6.10
	 	Trustee May File Proofs of Claim	  	 	102	  
	 SECTION 6.11
	 	Priorities	  	 	103	  
	 SECTION 6.12
	 	Undertaking for Costs	  	 	103	  
	 SECTION 6.13
	 	Waiver of Stay or Extension Laws	  	 	103	  
	 SECTION 6.14
	 	Restoration of Rights and Remedies	  	 	103	  
	 SECTION 6.15
	 	Rights and Remedies Cumulative	  	 	104	  
	 SECTION 6.16
	 	Delay or Omission Not Waiver	  	 	104	  
	 SECTION 6.17
	 	Indemnification of Trustee	  	 	104	  
		
	 ARTICLE VII TRUSTEE
	  	 	104	  
			
	 SECTION 7.01
	 	Duties of Trustee	  	 	104	  
	 SECTION 7.02
	 	Rights of Trustee	  	 	106	  
	 SECTION 7.03
	 	Individual Rights of Trustee	  	 	109	  
	 SECTION 7.04
	 	Trustee’s Disclaimer	  	 	109	  
	 SECTION 7.05
	 	Notice of Defaults	  	 	110	  
	 SECTION 7.06
	 	Compensation and Indemnity	  	 	110	  
	 SECTION 7.07
	 	Replacement of Trustee	  	 	111	  
	 SECTION 7.08
	 	Successor Trustee by Merger	  	 	112	  
	 SECTION 7.09
	 	Certain Provisions	  	 	113	  
	 SECTION 7.10
	 	Agents; General Provisions	  	 	113	  

  
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	 ARTICLE VIII SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE
	  	 	114	  
			
	 SECTION 8.01
	 	Satisfaction and Discharge of Liability on Notes; Defeasance	  	 	114	  
	 SECTION 8.02
	 	Conditions to Defeasance	  	 	115	  
	 SECTION 8.03
	 	Application of Money	  	 	116	  
	 SECTION 8.04
	 	Repayment to Issuer	  	 	116	  
	 SECTION 8.05
	 	Indemnity for European Government Obligations	  	 	116	  
	 SECTION 8.06
	 	Reinstatement	  	 	116	  
		
	 ARTICLE IX AMENDMENTS AND WAIVERS
	  	 	117	  
			
	 SECTION 9.01
	 	Without Consent of Holders	  	 	117	  
	 SECTION 9.02
	 	With Consent of Holders	  	 	118	  
	 SECTION 9.03
	 	Revocation and Effect of Consents and Waivers	  	 	120	  
	 SECTION 9.04
	 	Notation on or Exchange of Notes	  	 	120	  
	 SECTION 9.05
	 	Trustee and Collateral Trustee to Sign Amendments	  	 	120	  
		
	 ARTICLE X NOTES GUARANTEE
	  	 	121	  
			
	 SECTION 10.01
	 	Notes Guarantee	  	 	121	  
	 SECTION 10.02
	 	Successors and Assigns	  	 	122	  
	 SECTION 10.03
	 	No Waiver	  	 	122	  
	 SECTION 10.04
	 	Modification	  	 	123	  
	 SECTION 10.05
	 	Execution of Supplemental Indenture for Guarantors	  	 	123	  
	 SECTION 10.06
	 	Release of the Notes Guarantee	  	 	123	  
	 SECTION 10.07
	 	Limitations on Obligations of Guarantors	  	 	124	  
	 SECTION 10.08
	 	Non-Impairment	  	 	130	  
		
	 ARTICLE XI COLLATERAL, SECURITY DOCUMENTS AND THE COLLATERAL TRUSTEE
	  	 	130	  
			
	 SECTION 11.01
	 	Collateral and Security Documents	  	 	130	  
	 SECTION 11.02
	 	Suits To Protect the Collateral	  	 	132	  
	 SECTION 11.03
	 	Resignation and Replacement of Collateral Trustee	  	 	132	  
	 SECTION 11.04
	 	Amendments	  	 	132	  
	 SECTION 11.05
	 	Release of Liens	  	 	132	  
	 SECTION 11.06
	 	Compensation and Indemnity	  	 	134	  
	 SECTION 11.07
	 	Conflicts	  	 	135	  
		
	 ARTICLE XII MISCELLANEOUS
	  	 	135	  
			
	 SECTION 12.01
	 	Notices	  	 	135	  
	 SECTION 12.02
	 	Certificate and Opinion as to Conditions Precedent	  	 	137	  
	 SECTION 12.03
	 	Statements Required in Certificate or Opinion	  	 	137	  
	 SECTION 12.04
	 	When Notes Disregarded	  	 	137	  
	 SECTION 12.05
	 	Rules by Trustee, Paying Agent and Registrar	  	 	138	  
	 SECTION 12.06
	 	Legal Holidays	  	 	138	  
	 SECTION 12.07
	 	Governing Law	  	 	138	  
	 SECTION 12.08
	 	Consent to Jurisdiction and Service	  	 	138	  
	 SECTION 12.09
	 	No Recourse Against Others	  	 	138	  
	 SECTION 12.10
	 	Successors	  	 	138	  
	 SECTION 12.11
	 	Multiple Originals	  	 	139	  
	 SECTION 12.12
	 	Table of Contents; Headings	  	 	139	  
	 SECTION 12.13
	 	Prescription	  	 	139	  

  
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 Exhibits 
  

			
	Exhibit A-1	  	Provisions Relating to the Notes
	Exhibit A-2	  	Form of Note
	Exhibit B	  	Form of Supplemental Indenture
		
	Schedules	  	
		
	Schedule 1	  	List of Security Documents

  
 iv 

 INDENTURE dated as of April 28, 2015, among Klöckner Pentaplast of America, Inc., a
corporation organized and established under the laws of Delaware, as the issuer (the “Issuer”), Kleopatra Holdings 2, a Luxembourg partnership limited by shares (société en commandite par actions) organized and
existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 46A, Avenue J.F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B 168.851, an indirect parent
of the Issuer (“KP Parent”), Kleopatra Luxembourg 2 S.à r.l., a private limited liability company (société à responsabilité limitée) established under the laws of the Grand Duchy of
Luxembourg, with its registered office at 46A, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg, which is registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under registration number B 128.331 and
having a share capital of EUR 23,660,000, Klöckner Pentaplast Limited, Kleopatra UK Limited, KP Holding GmbH & Co. KG, Klöckner Pentaplast German Holding GmbH & Co. KG, KP International Holding GmbH, KP Germany Erste
GmbH, Klöckner Pentaplast GmbH, Klöckner Pentaplast Europe GmbH & Co. KG, Klöckner Pentaplast Schweiz AG, KP Investments Holdings, LLC, Klöckner Pentaplast of America/Witt Plastics, Inc. and InterTrans Carrier Company, as
Guarantors (the “Initial Guarantors”), Deutsche Trustee Company Limited, as trustee (the “Trustee”), Deutsche Bank AG, London Branch, as paying agent, Deutsche Bank Luxembourg S.A., as transfer agent and registrar
and Credit Suisse AG, Cayman Island Branch, as security agent (the “Collateral Trustee”). 
 Each party agrees as follows
for the benefit of the other parties and for the equal and ratable benefit of the Holders of the €300,000,000 aggregate principal amount of the Issuer’s
7 1⁄8% Senior Notes due 2020 (the “Initial Notes”) and additional securities having identical terms and conditions as the Initial Notes (the
“Additional Notes” and, together with the Initial Notes, the “Notes”) that may be issued on any later issue date subject to the conditions and in compliance with the covenants set forth herein. Unless the context
otherwise requires, in this Indenture references to the “Notes” include any Additional Notes that are actually issued. 

 ARTICLE I 

Definitions 
 SECTION 1.01
Definitions. 
 “Acquired Indebtedness” means Indebtedness (1) of a Person or any of its Subsidiaries existing
at the time such Person becomes a Restricted Subsidiary or (2) assumed in connection with an acquisition of assets, in each case whether or not Incurred by such Person in connection with such Person becoming a Restricted Subsidiary of KP Parent
or such acquisition or (3) of a Person at the time such Person merges with or into or consolidates or otherwise combines with KP Parent or any Restricted Subsidiary. Acquired Indebtedness shall be deemed to have been Incurred, with respect to
clause (1) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of assets and, with respect to clause
(3) of the preceding sentence, on the date of the relevant merger, consolidation or other combination. 
 “Additional
Notes” has the meaning given to such term in the preamble of this Indenture. 
 “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 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. 
 “Agent” means any Registrar, co-registrar, Transfer Agent, Authenticating Agent,
Paying Agent, or additional paying agent. 
 “Asset Disposition” means any direct or indirect sale, lease (other than an
operating lease entered into in the ordinary course of business), transfer, issuance or other disposition, or a series of related sales, leases (other than operating leases entered into in the ordinary course of business), transfers, issuances or
dispositions that are part of a common plan, of shares of Capital Stock of a Subsidiary (other than directors’ qualifying shares), property or other assets (each referred to for the purposes of this definition as a
“disposition”) by KP Parent or any of its Restricted Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction. Notwithstanding the preceding provisions of this definition, the following
items shall not be deemed to be Asset Dispositions: 
  

	 	(1)	a disposition by a Restricted Subsidiary to KP Parent or by KP Parent or a Restricted Subsidiary to a Restricted Subsidiary; 

  

	 	(2)	a disposition of cash, Cash Equivalents, Temporary Cash Investments or Investment Grade Securities; 

  

	 	(3)	a disposition of inventory, trading stock, production equipment or other equipment or assets in the ordinary course of business; 

  
 2 

	 	(4)	a disposition of obsolete, damaged, retired, surplus or worn out equipment or assets or equipment, facilities or other assets that are no longer useful in the conduct of the business of KP Parent and its Restricted
Subsidiaries and any transfer, termination, unwinding or other disposition of hedging instruments or arrangements not for speculative purposes; 

  

	 	(5)	transactions permitted under Section 5.01 or a transaction that constitutes a Change of Control; 

  

	 	(6)	an issuance of Capital Stock by a Restricted Subsidiary to KP Parent or to another Restricted Subsidiary or as part of or pursuant to an equity incentive or compensation plan approved by the Board of Directors of KP
Parent or the issuance of directors’ qualifying shares and shares issued to individuals as required by applicable law; 

  

	 	(7)	any dispositions of Capital Stock, properties or assets in a single transaction or series of related transactions with a fair market value (as determined in good faith by the Board of Directors or a member of Senior
Management of KP Parent) that does not exceed the greater of €10.0 million; 

  

	 	(8)	any Restricted Payment that is permitted to be made, and is made, under Section 4.02 and the making of any Permitted Payment or Permitted Investment, or asset sales (or portions thereof), to the extent the proceeds
of which are used to make such Restricted Payments or Permitted Investments; 

  

	 	(9)	the granting of Liens not prohibited by Section 4.03; 

  

	 	(10)	dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar
arrangements or any sale of assets received by KP Parent or a Restricted Subsidiary upon the foreclosure of a Lien granted in favor of KP Parent or any Restricted Subsidiary; 

 

	 	(11)	the licensing or sub-licensing of intellectual property or other general intangibles and licenses, sub-licenses, leases or subleases of other property, in each case, in the ordinary course of business;

  

	 	(12)	foreclosure, condemnation, taking by eminent domain or any similar action with respect to any property or other assets; 

  

	 	(13)	the sale or discount (with or without recourse, and on customary or commercially reasonable terms) of accounts receivable or notes receivable arising in the ordinary course of business, or the conversion or exchange of
accounts receivable for notes receivable; 

  

	 	(14)	sales or dispositions of receivables and related assets in connection with any Qualified Receivables Financing or any factoring transaction or in the ordinary course of business; 

  
 3 

	 	(15)	any issuance, sale or disposition of Capital Stock, Indebtedness or other securities of an Unrestricted Subsidiary; 

  

	 	(16)	any disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than KP Parent or a Restricted Subsidiary) from whom such Restricted Subsidiary was
acquired, or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in
respect of such sale or acquisition; 

  

	 	(17)	any surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other claims of any kind; 

  

	 	(18)	any disposition of assets to a Person who is providing services related to such assets, the provision of which have been or are to be outsourced by KP Parent or any Restricted Subsidiary to such Person; provided,
however, that the Board of Directors of KP Parent shall certify that in the opinion of the Board of Directors, the outsourcing transaction will be economically beneficial to KP Parent and its Restricted Subsidiaries (considered as a whole);
provided further that the fair market value of the assets disposed of, when taken together with all other dispositions made pursuant to this clause (18), does not exceed €5.0 million; 

 

	 	(19)	an issuance of Capital Stock by a Restricted Subsidiary to KP Parent or to another Restricted Subsidiary or an issuance or sale by a Restricted Subsidiary of Preferred Stock or redeemable Capital Stock that is permitted
by Section 4.01; 

  

	 	(20)	sales, transfers or other dispositions of Investments in joint ventures to the extent required by, or made pursuant to, customary buy/sell arrangements between the joint venture parties set forth in joint venture
arrangements and similar binding agreements; provided that any cash or Cash Equivalents received in such sale, transfer or disposition is applied in accordance with Section 4.05; and 

 

	 	(21)	any disposition with respect to property built, owned or otherwise acquired by KP Parent or any Restricted Subsidiary pursuant to customary sale and leaseback transactions, asset securitizations and other similar
financings permitted by this Indenture. 

 “Associate” means (1) any Person engaged in a Similar
Business of which KP Parent or its Restricted Subsidiaries are the legal and Beneficial Owners of between 20% and 50% of all outstanding Voting Stock and (2) any joint venture entered into by KP Parent or any Restricted Subsidiary. 

“Beneficial Owner” has the meaning given to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act as in effect on the
Issue Date. The terms “Beneficially Owns”, “Beneficial Ownership” and “Beneficially Owned” have a corresponding meaning. 

  
 4 

 “Board of Directors” means (1) with respect to KP Parent or any
corporation, the general partner or the board of directors or managers, as applicable, of the corporation or any duly authorized committee thereof; (2) with respect to any partnership, the board of directors or other governing body of the
general partner of the partnership or any duly authorized committee thereof; and (3) with respect to any other Person, the board or any duly authorized committee of such Person serving a similar function. Whenever any provision of this
Indenture requires any action or determination to be made by, or any approval of, a Board of Directors, such action, determination or approval shall be deemed to have been taken or made if approved by a majority of the directors (excluding employee
representatives, if any) on any such Board of Directors (whether or not such action or approval is taken as part of a formal board meeting or as a formal board approval). 

“Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in New York, New
York, Frankfurt, Germany or London, United Kingdom are authorized or required by law to close and, with respect to payments to be made under this Indenture, other than any day which is not a TARGET Settlement Day. 

“Capital Stock” of any Person means any and all shares of, rights to purchase, warrants or options for, or other equivalents
of or partnership or other interests in (however designated), equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity. 

“Capitalized Lease Obligations” means an obligation that is required to be classified and accounted for as a capitalized
lease for financial reporting purposes on the basis of IFRS (as in effect on the Issue Date for purposes of determining whether a lease is a capitalized lease). The amount of Indebtedness will be, at the time any determination is to be made, the
amount of such obligation required to be capitalized on a balance sheet (excluding any notes thereto) prepared in accordance with IFRS, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such
lease prior to the first date such lease may be terminated without penalty. 
  

	 	“Cash	Equivalents” means: 

  

	 	(1)	securities issued or directly and fully Guaranteed or insured by the United Kingdom, United States or Canadian governments, a member state of the Pre-Expansion European Union, Switzerland or Norway or, in each case, any
agency or instrumentality thereof (provided that the full faith and credit of such country or such member state is pledged in support thereof), having maturities of not more than two years from the date of acquisition; 

 

	 	(2)	certificates of deposit, time deposits, recognized time deposits, overnight bank deposits or bankers’ acceptances having maturities of not more than one year from the date of acquisition thereof issued by any
lender party to the Senior Secured Credit Facilities or by any bank or trust company (a) whose commercial paper is rated at least “A-2” or the equivalent thereof (or has an equivalent long-term rating) by S&P, at least
“P-2” or the equivalent thereof (or has an equivalent long-term rating) by Moody’s or at least “F2” or the equivalent thereof (or has an equivalent long-term rating) by Fitch (or if at the time none of the foregoing is
issuing comparable ratings, then a comparable rating of another Nationally Recognized Statistical Rating Organization) or (b) (in the event that the bank or trust company does not have commercial paper which is rated) having combined capital
and surplus in excess of £250 million; 

  
 5 

	 	(3)	repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clauses (1) and (2) entered into with any bank meeting the qualifications specified in clause
(2) above; 

  

	 	(4)	commercial paper rated at the time of acquisition thereof at least “A-2” or the equivalent thereof by S&P, at least “P-2” or the equivalent thereof by Moody’s or at least “F2” or
the equivalent thereof by Fitch, or carrying an equivalent rating by a Nationally Recognized Statistical Rating Organization, if each of the three named rating agencies cease publishing ratings of investments or, if no rating is available in respect
of the commercial paper, the issuer of which has an equivalent rating in respect of its long-term debt, and in any case maturing within one year after the date of acquisition thereof; 

 

	 	(5)	readily marketable direct obligations issued by the United Kingdom, the United States, any state of the United States, Canada or any province of Canada, Australia or any state of Australia, any member state of the
Pre-Expansion European Union, Switzerland or Norway or any political subdivision thereof, in each case, having one of the two highest rating categories obtainable from or higher from Fitch, Moody’s, S&P or Fitch (or, if at the time, neither
is issuing comparable ratings, then a comparable rating of another Nationally Recognized Statistical Rating Organization) with maturities of not more than two years from the date of acquisition; 

 

	 	(6)	Indebtedness or Preferred Stock issued by Persons with a rating of “BBB-” or higher from S&P, “Baa3” or higher from Moody’s or “BBB-” or higher from Fitch (or, if at the time, none
of the three are issuing comparable ratings, then a comparable rating of another Nationally Recognized Statistical Rating Organization) with maturities of 12 months or less from the date of acquisition; 

 

	 	(7)	bills of exchange issued in the United Kingdom, the United States, Australia, Canada, a member state of the Pre-Expansion European Union, Switzerland, Norway or Japan eligible for rediscount at the relevant central bank
and accepted by a bank (or any dematerialized equivalent); and 

  

	 	(8)	interests in any investment company, money market or enhanced high yield fund which invests 95% or more of its assets in instruments of the type specified in clauses (1) through (7) above. 

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

 

	 	(1)	KP Parent becoming aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) any “person” or “group” of related
persons (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date), other than one or more Permitted Holders, being or having become the Beneficial Owner, directly or indirectly, of more than 50% of the
total voting power of the Voting Stock of KP Parent; provided that for the purposes of this clause, no Change of Control shall be deemed to occur by reason of KP Parent becoming a Subsidiary of a Successor Parent Entity; 

  
 6 

	 	(2)	the sale, lease, transfer, conveyance or other disposition (other than by way of merger, consolidation or other business combination transaction), in one or a series of related transactions, of all or substantially all
of the assets of KP Parent and its Restricted Subsidiaries taken as a whole to a Person, other than a Restricted Subsidiary or one or more Permitted Holders; or 

  

	 	(3)	the consummation of any transaction (including, without limitation, any merger or consolidation), the result of which is that KP Parent is not or ceases to be the direct or indirect owner of all of the Issuer’s
Capital Stock and Voting Stock (other than shares required by law to be held by a Person other than KP Parent and/or its Restricted Subsidiaries); 

provided that, in the case of the previous clauses (1) and (2), a Change of Control shall not be deemed to have occurred if such a Change of
Control is also a Specified Change of Control Event. 
 “Clearstream” means Clearstream Banking, société
anonyme, or any successor securities clearing agency. 
 “Collateral” means any and all assets from time to time in
which a security interest has been or will be granted pursuant to any Security Document to secure the obligations under this Indenture, the Notes or any Note Guarantee. 

“Commodity Hedging Agreement” means, in respect of a Person, any commodity purchase contract, commodity futures or forward
contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary. 

“Consolidated EBITDA” for any period means, without duplication, the Consolidated Net Income for such period, plus the
following to the extent deducted in calculating such Consolidated Net Income: 
  

	 	(1)	Consolidated Interest Expense; 

  

	 	(2)	Consolidated Income Taxes; 

  

	 	(3)	consolidated depreciation expense; 

  

	 	(4)	consolidated amortization or impairment expense including goodwill; 

  

	 	(5)	any expenses, charges or other costs related to any issuance of Capital Stock, listing of Capital Stock, Investment, acquisition (including amounts paid in connection with the acquisition or retention of one or more
individuals comprising part of a management team retained to manage the acquired business and any expenses, charges or other costs related to deferred or contingent payments, including earn-outs), disposition, recapitalization or the Incurrence of
any Indebtedness permitted by this Indenture (whether or not successful) (including any such fees, expenses or charges related to the Transactions (including any expenses in connection with related due diligence activities)), in each case, as
determined in good faith by the Board of Directors or a member of Senior Management of KP Parent; 

  
 7 

	 	(6)	any minority interest expense (whether paid or not) consisting of income attributable to minority equity interests of third parties in such period or any prior period or any net earnings, income or share of profit of
any Associates, associated company or undertaking; 

  

	 	(7)	the amount of management, monitoring, consulting and advisory fees and related expenses paid in such period to the Permitted Holders to the extent permitted by Section 4.06; 

 

	 	(8)	other non-cash charges or expenses, write-downs or items reducing Consolidated Net Income (excluding any such non-cash charge, write-down or item to the extent it represents an accrual of or reserve for cash charges
expected to be paid in any future period) and any items classified by KP Parent as special, extraordinary, exceptional, unusual or nonrecurring items less other non-cash items of income increasing Consolidated Net Income (excluding any such non-cash
item of income to the extent it represents a receipt of cash expected to be paid in any future period); 

  

	 	(9)	the proceeds of any business interruption insurance received or that become receivable during such period to the extent the associated losses arising out of the event that resulted in the payment of such business
interruption insurance proceeds were included in computing Consolidated Net Income; 

  

	 	(10)	payments received, or that become receivable with respect to, expenses that are covered by the indemnification provisions in any agreement entered into by such Person in connection with an acquisition to the extent such
expenses were included in computing Consolidated Net Income; 

  

	 	(11)	any Receivables Fees and discounts on the sale of accounts receivables in connection with any Qualified Receivables Financing or any other receivables financing, representing, in KP Parent’s reasonable
determination, the implied interest component of such discount for such period; and 

  

	 	(12)	any foreign currency translation losses (including losses related to currency remeasurements of Indebtedness (including currency exchange rate Hedging Obligations and intercompany Indebtedness)) of the Issuer and its
Restricted Subsidiaries and any gains or losses due to any adjustment resulting from the application of Statement of Financial Accounting Standards No. 133 and International Accounting Standards No. 39 and their respective pronouncements
and interpretations. 

 “Consolidated Income Taxes” means Taxes or other payments, including deferred Taxes,
based on income, profits or capital of any of KP Parent and its Restricted Subsidiaries whether or not paid, estimated, accrued or required to be remitted to any governmental authority. 

  
 8 

 “Consolidated Interest Expense” means, for any period (in each case, determined
on the basis of IFRS), the consolidated interest expense of KP Parent and its Restricted Subsidiaries, whether paid or accrued, plus or including (without duplication) any interest, costs and charges consisting of: 

 

	 	(1)	interest expense attributable to Capitalized Lease Obligations; 

  

	 	(2)	amortization of original issue discount (but not including deferred financing fees, debt issuance costs, commissions, fees and expenses); 

 

	 	(3)	non-cash interest expense; 

  

	 	(4)	costs associated with Hedging Obligations (excluding amortization of fees or any non-cash interest expense attributable to the movement in mark-to-market valuation of such obligations); 

 

	 	(5)	the product of (a) all dividends or other distributions in respect of all Disqualified Stock of KP Parent and all Preferred Stock of any Restricted Subsidiary, to the extent held by Persons other than KP Parent or
a Subsidiary of KP Parent, multiplied by (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined national, state and local statutory tax rate of such Person, expressed as a decimal, as
estimated in good faith by an Officer of KP Parent responsible for accounting or financial reporting; 

  

	 	(6)	the consolidated interest expense that was capitalized during such period; and 

  

	 	(7)	interest actually paid by KP Parent or any Restricted Subsidiary under any Guarantee of Indebtedness or other obligation of any other Person, 

minus (i) accretion or accrual of discounted liabilities other than Indebtedness, (ii) any expense resulting from the discounting of any
Indebtedness in connection with the application of purchase accounting in connection with any acquisition, (iii) interest with respect to Indebtedness of any Holding Company of such Person appearing upon the balance sheet of such Person solely
by reason of push-down accounting under IFRS, (iv) any Additional Amounts with respect to the Notes or other similar tax gross-up on any Indebtedness (including, without limitation, under any Credit Facility), which is included in interest
expenses under IFRS, (v) any interest expense related to a Guarantee of Indebtedness of a Parent Entity Incurred in compliance with this Indenture to the extent that the interest expense of any Proceeds Loan related thereto is included in the
calculation of Consolidated Interest Expense in an equal or greater amount and (vi) any capitalized, accrued or accreting or pay-in-kind interest or principal on Subordinated Shareholder Funding. 

“Consolidated Net Income” means, for any period, the net income (loss) of KP Parent and its Restricted Subsidiaries
determined on a consolidated basis on the basis of IFRS; provided, however, that there will not be included in such Consolidated Net Income: 
  

	 	(1)	 subject to the limitations contained in clause (3) below, any net income (loss) of any Person if such Person
is not a Restricted Subsidiary, except that KP Parent’s equity in the net income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed by
such Person during such period to KP Parent or a Restricted Subsidiary as a dividend or other distribution or 

  
 9 

	 	
return on investment (subject, in the case of a dividend or other distribution or return on investment to a Restricted Subsidiary, to the limitations contained in clause (2) below);
provided that, for the purposes of Section 4.02(a)(C)(1), such dividend, other distribution or return on investment does not reduce the amount of Investments outstanding under clause (11) of the definition of “Permitted
Investments”; 

  

	 	(2)	solely for the purpose of determining the amount available for Restricted Payments under Section 4.02(a)(C)(1), any net income (loss) of any Restricted Subsidiary if such Subsidiary is subject to restrictions on
the payment of dividends or the making of distributions by such Restricted Subsidiary to KP Parent by operation of the terms of such Restricted Subsidiary’s charter or any agreement, instrument, judgment, decree, order, statute or governmental
rule or regulation applicable to such Restricted Subsidiary or its shareholders (other than (a) restrictions that have been waived or otherwise released, (b) restrictions pursuant to the Notes or this Indenture, (c) contractual
restrictions in effect on the Issue Date (including pursuant to the Senior Secured Credit Facilities Agreement and the Intercreditor Agreement) and other restrictions with respect to any such Restricted Subsidiary that, taken as a whole, are not
materially less favorable to the Holders than such restrictions in effect on the Issue Date and (d) restrictions specified in Section 4.04(b)(ii) and Section 4.04(b)(xi) except that KP Parent’s equity in the net income of any
such Restricted Subsidiary for such period will be included in such Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed or that could have been distributed by such Restricted Subsidiary during such
period to KP Parent or another Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend to another Restricted Subsidiary, to the limitation contained in this clause); 

 

	 	(3)	any net gain (or loss) realized upon the sale or other disposition of any asset or disposed operations of KP Parent or any Restricted Subsidiaries (including pursuant to any sale/leaseback transaction) which is not sold
or otherwise disposed of in the ordinary course of business (as determined in good faith by an Officer or the Board of Directors of KP Parent) and any net gains, charges or losses with respect to (a) disposed, abandoned and discontinued
operations (other than assets held for sale) and any accretion or accrual of discontinued liabilities on the disposal of such disposed, abandoned and discontinued operations and (b) facilities, plants, stores or distribution centers that have
been closed during such period; 

  

	 	(4)	any extraordinary, one-off, non-recurring, exceptional or unusual gain, loss, expense or charge, including any charges or reserves in respect of any restructuring, redundancy, relocation, refinancing, integration or
severance or other post-employment arrangements, signing, retention or completion bonuses, transaction costs (including costs related to the Transactions or any investments), acquisition costs, business optimization, system establishment, software
or information technology implementation or development, costs related to governmental investigations and curtailments or modifications to pension or post-retirement benefits schemes, litigation or any asset impairment charges or the financial
impacts of natural disasters (including fire, flood and storm and related events); 

  
 10 

	 	(5)	the cumulative effect of a change in accounting principles; 

  

	 	(6)	any non-cash compensation charge or expense arising from any grant of stock, stock options or other equity based awards, any non-cash deemed finance charges in respect of any pension liabilities or other provisions, any
non-cash net after tax gains or losses attributable to the termination or modification of any employee pension benefit plan and any charge or expense relating to any payment made to holders of equity based securities or rights in respect of any
dividend sharing provisions of such securities or rights to the extent such payment was made pursuant to Section 4.02; 

  

	 	(7)	all deferred financing costs written off and premiums paid or other expenses incurred directly in connection with any early extinguishment of Indebtedness or Hedging Obligations and any net gain (or loss) from any
write-off or forgiveness of Indebtedness; 

  

	 	(8)	any unrealized gains or losses in respect of Hedging Obligations or other financial instruments or any ineffectiveness recognized in earnings related to qualifying hedge transactions or the fair value or changes therein
recognized in earnings for derivatives that do not qualify as hedge transactions, in each case, in respect of Hedging Obligations; 

  

	 	(9)	any unrealized or realized foreign currency transaction or translation gains or losses in respect of Indebtedness or other obligations of KP Parent or any Restricted Subsidiary denominated in a currency other than the
functional currency of such Person, including any unrealized or realized foreign exchange gains or losses resulting from remeasuring assets and liabilities denominated in foreign currencies; 

 

	 	(10)	any unrealized foreign currency translation or transaction gains or losses in respect of Indebtedness or other obligations of KP Parent or any Restricted Subsidiary owing to KP Parent or any Restricted Subsidiary;

  

	 	(11)	any one-time non-cash charges or any amortization or depreciation, in each case to the extent related to the Transactions, purchase accounting or any acquisition of, or merger or consolidation with, another Person or
business or resulting from any reorganization or restructuring involving KP Parent or its Subsidiaries; 

  

	 	(12)	any goodwill or other intangible asset impairment charge or write-off or write-down; and 

  

	 	(13)	the impact of capitalized, accrued or accreting or pay-in-kind interest or principal on Subordinated Shareholder Funding. 

  
 11 

 “Consolidated Net Leverage” means the sum of the aggregate outstanding
Indebtedness for borrowed money, capital leases, purchase money Indebtedness and drawn letters of credit that have not been reimbursed within 30 Business Days of KP Parent and its Restricted Subsidiaries (excluding Hedging Obligations entered into
for bona fide hedging purposes and not for speculative purposes (as determined in good faith by the Board of Directors or a member of Senior Management of KP Parent) and any other Indebtedness not described in clauses (1), (2), (4) and
(5) of the definition thereof), less the amount of cash and Cash Equivalents that would be stated on the balance sheet of KP Parent and its Restricted Subsidiaries as of such date in accordance with IFRS. 

“Consolidated Net Leverage Ratio” means, as of any date of determination, the ratio of (x) Consolidated Net Leverage at
such date to (y) the aggregate amount of Consolidated EBITDA for the period of the four most recent fiscal quarters ending prior to such date of determination for which internal consolidated financial statements of KP Parent are available. In
the event that KP Parent or any of its Restricted Subsidiaries Incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) subsequent to the
commencement of the period for which the Consolidated Net Leverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Consolidated Net Leverage Ratio is made (the “Calculation
Date”), then the Consolidated Net Leverage Ratio will be calculated giving pro forma effect (as determined in good faith by an Officer of KP Parent responsible for accounting or financial reporting) to such Incurrence, assumption,
guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period and may give effect to
cost savings or cost reduction synergies that have occurred: 
  

	 	(1)	acquisitions and Investments that have been made by KP Parent or any of its Restricted Subsidiaries, including through mergers or consolidations, or any Person or any of its Subsidiaries which are Restricted
Subsidiaries acquired by KP Parent or any of its Restricted Subsidiaries, and including all related financing transactions and including increases in ownership of Subsidiaries which are Restricted Subsidiaries, during the reference period or
subsequent to such reference period and on or prior to the Calculation Date, or that are to be made on the Calculation Date, will be given pro forma effect (as determined in good faith by an Officer of KP Parent responsible for accounting or
financial reporting and may include anticipated expense and cost reduction synergies) as if they had occurred on the first day of the reference period; 

  

	 	(2)	the Consolidated EBITDA (whether positive or negative) attributable to discontinued operations, as determined in accordance with IFRS, and operations, businesses or group of assets constituting a business or operating
unit (and ownership interests therein) disposed of prior to the Calculation Date will be excluded on a pro forma basis as if such disposition occurred on the first day of such period (taking into account anticipated cost reduction synergies
resulting from any such disposal, as determined in good faith by an Officer of KP Parent responsible for accounting or financial reporting); 

  

	 	(3)	the Consolidated Interest Expense attributable to discontinued operations, as determined in accordance with IFRS, and operations, businesses or group of assets constituting a business or operating unit (and ownership
interests therein) disposed of prior to the Calculation Date, will be excluded on a pro forma basis as if such disposition occurred on the first day of such period, but only to the extent that the obligations giving rise to such Consolidated
Interest Expense will not be obligations of KP Parent or any of its Restricted Subsidiaries following the Calculation Date; 

  
 12 

	 	(4)	any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at all times during such reference period; 

 

	 	(5)	any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary at any time during such reference period; 

 

	 	(6)	if any Indebtedness bears a floating rate of interest, the interest expense on such Indebtedness will be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period
(taking into account any Interest Rate Agreement applicable to such Indebtedness, and if any Indebtedness is not denominated in KP Parent’s functional currency, that Indebtedness for purposes of the calculation of Consolidated Net Leverage
shall be treated in accordance with IFRS; and 

  

	 	(7)	if any Indebtedness is denominated in a currency other than euro, the Consolidated Net Leverage shall be determined by translating all non-euro Indebtedness into euro at the applicable average foreign exchange rate used
to translate items denominated in such currency in KP Parent’s income statement for such period. 

 “Consolidated
Net Senior Secured Leverage” means the sum of the aggregate outstanding Senior Secured Indebtedness for borrowed money, capital leases, purchase money Indebtedness and drawn letters of credit that have not been reimbursed within 30 Business
Days of KP Parent and its Restricted Subsidiaries (excluding Hedging Obligations entered into for bona fide hedging purposes and not for speculative purposes (as determined in good faith by the Board of Directors of KP Parent) and
Indebtedness not described in clauses (1), (2), (4) and (5) of the definition thereof) less the amount of cash and Cash Equivalents that would be stated on the balance sheet of KP Parent and its Restricted Subsidiaries as of such date in
accordance with IFRS. 
 “Consolidated Net Senior Secured Leverage Ratio” means as of any date of determination, the ratio
of (x) Consolidated Net Senior Secured Leverage at such date by (y) the aggregate amount of Consolidated EBITDA for the period of the four most recent fiscal quarters ending prior to such date of determination for which internal
combined financial statements of KP Parent are available, in each case calculated with such pro forma provisions as set forth in the definition of Consolidated Net Leverage Ratio. 

“Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing in any manner, whether
directly or indirectly, any operating lease, dividend or other obligation that does not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”), including any obligation of such Person, whether
or not contingent: 
  

	 	(1)	to purchase any such primary obligation or any property constituting direct or indirect security therefor; 

  
 13 

	 	(2)	to advance or supply funds: 

  

	 	(3)	for the purchase or payment of any such primary obligation; or 

  

	 	(4)	to maintain the working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor; or 

 

	 	(5)	to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss
in respect thereof. 

 “Credit Facility” means, with respect to KP Parent or any of its Subsidiaries, one or
more debt facilities, arrangements, instruments, trust deeds or indentures (including the Senior Secured Facilities Agreement or commercial paper facilities and overdraft facilities) with banks, institutions or investors providing for revolving
credit loans, term loans, performance guarantees, receivables financing (including through the sale of receivables to such institutions or to special purpose entities formed to borrow from such institutions against such receivables), notes, letters
of credit or other Indebtedness, in each case, as amended, restated, modified, renewed, refunded, replaced, restructured, refinanced, repaid, increased or extended in whole or in part from time to time (and whether in whole or in part and whether or
not with the original administrative agent and lenders or another administrative agent or agents or other banks, institutions or investors and whether provided under the original Senior Secured Credit Facilities Agreement or one or more other credit
or other agreements, indentures, financing agreements or otherwise) and in each case including all agreements, instruments and documents executed and delivered pursuant to or in connection with the foregoing (including any notes and letters of
credit issued pursuant thereto and any Guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and other Guarantees, pledges, agreements, security agreements and collateral documents).
Without limiting the generality of the foregoing, the term “Credit Facility” shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding
Subsidiaries of KP Parent as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

 “Currency Agreement” means, in respect of a Person, any foreign exchange contract, currency swap agreement, currency
futures contract, currency option contract, currency derivative or other similar agreement or arrangement to which such Person is a party or beneficiary. 

“Default” means any event which is, or after notice or passage of time or both would be, an Event of Default. 

“Designated Non-Cash Consideration” means the fair market value (as determined in good faith by the Board of Directors or a
member of Senior Management of KP Parent) of non-cash consideration received by KP Parent or one of its Restricted Subsidiaries in connection with an Asset Disposition that is so designated as “Designated Non-Cash Consideration” pursuant
to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of cash, Cash Equivalents or Temporary Cash Investments received in connection with a subsequent payment, redemption, retirement, sale or other disposition
of 

  
 14 

 
such Designated Non-Cash Consideration. A particular item of Designated Non-Cash Consideration will no longer be considered to be outstanding when and to the extent it has been paid, redeemed or
otherwise retired or sold or otherwise disposed of in compliance with Section 4.05; 
 “Designated Preference Shares”
means, with respect to KP Parent or any Parent Entity, Preferred Stock (other than Disqualified Stock) (1) that is issued for cash (other than to KP Parent or a Subsidiary of KP Parent or an employee stock ownership plan or trust established by
KP Parent or any such Subsidiary for the benefit of their employees to the extent funded by KP Parent or such Subsidiary) and (2) that is designated as “Designated Preference Shares” pursuant to an Officer’s Certificate of KP
Parent at or prior to the issuance thereof, the Net Cash Proceeds of which are excluded from the calculation set forth in Section 4.02(a)(C)(2) and Section 4.02(a)(C)(3). 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is convertible
or for which it is exchangeable, in each case, at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the
option of the holder of the Capital Stock, in whole or in part, in each case on or prior to the date that is 90 days after the earlier of (1) the Stated Maturity of the Notes or (2) the date on which there are no Notes outstanding.
Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the issuer thereof to repurchase such Capital Stock upon the occurrence of a
Change of Control or an Asset Disposition will not constitute Disqualified Stock if the terms of such Capital Stock provide that the issuer thereof may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such
repurchase or redemption complies with Section 4.02. For purposes hereof, the amount of Disqualified Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Stock as if such
Disqualified Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if such price is based upon, or measured by, the fair market value of such Disqualified Stock, such fair market
value to be determined as set forth herein. Only the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date will be deemed
to be Disqualified Stock. 
 “Equity Investors” means (1) SVP or any trust, fund, company or partnership owned,
managed or advised by SVP or any limited partner of any such trust, company or partnership and management, (2) Perella Weinberg Partners and (3) UBS. 

“Equity Offering” means (1) a sale of Capital Stock of KP Parent or a Restricted Subsidiary (other than to KP Parent or
any of its Subsidiaries (other than Disqualified Stock and other than offerings registered on Form S-8 (or any successor form) under the Securities Act or any similar offering in other jurisdictions), or (2) the sale of Capital Stock or other
securities by any Person (other than to KP Parent or any of its Subsidiaries), the proceeds of which are contributed as Subordinated Shareholder Funding or to the equity (other than through the issuance of Disqualified Stock or Designated Preference
Shares or through an Excluded Contribution) of KP Parent or any of its Restricted Subsidiaries. 

  
 15 

 “Escrowed Proceeds” means the proceeds from the offering of any debt securities
or other Indebtedness paid into escrow accounts with an independent escrow agent on the date of the applicable offering or incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow accounts upon
satisfaction of certain conditions or the occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow. 

“Existing Senior Secured Notes” means the €255.0 million 11.625% Second Priority Secured Notes due 2017 issued by
KP Germany Erste GmbH. 
 “Euro Equivalent” means, with respect to any monetary amount in a currency other than euro, at
any time of determination thereof by the Issuer, the amount of euro obtained by converting such currency other than euro involved in such computation into sterling at the spot rate for the purchase of euro with the applicable currency other than
euro as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source as may be selected in good faith
by the Board of Directors or a member of Senior Management of KP Parent) on the date of such determination. 
 “Euroclear”
means Euroclear Bank SA/NV or any successor securities clearing agency. 
 “European Government Obligations” means any
security that is (1) a direct obligation of any country that is a member of the European Monetary Union on the date hereof, for the payment of which the full faith and credit of such country is pledged or (2) an obligation of a Person
controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally Guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause
(1) or (2), is not callable or redeemable at the option of the issuer thereof. 
 “Exchange Act” means the U.S.
Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder, as amended. 

“Excluded Contribution” means Net Cash Proceeds or property or assets received by KP Parent as capital contributions to the
equity (other than through the issuance of Disqualified Stock or Designated Preference Shares or Excluded Amounts) of KP Parent after the Issue Date or from the issuance or sale (other than to a Restricted Subsidiary or an employee stock ownership
plan or trust established by KP Parent or any Subsidiary of KP Parent for the benefit of its employees to the extent funded by KP Parent or any Restricted Subsidiary) of Capital Stock (other than Disqualified Stock or Designated Preference Shares or
Excluded Amounts) or Subordinated Shareholder Funding of KP Parent, in each case, to the extent designated as an Excluded Contribution pursuant to an Officer’s Certificate of the KP Parent. 

“fair market value” wherever such term is used in this Indenture (except in relation to an enforcement action pursuant to the
Intercreditor Agreement and except as otherwise specifically provided in this Indenture), may be conclusively established by means of an Officer’s Certificate or a resolution of the Board of Directors of KP Parent setting out such fair market
value as determined by such Officer or such Board of Directors in good faith. 
 “Fitch” means Fitch Ratings Inc., or any
of its successors or assigns that in a Nationally Recognized Statistical Rating Organization. 

  
 16 

 “Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio
of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the four most recent fiscal quarters prior to the date of such determination for which internal consolidated financial statements are available to (y) the
Fixed Charges of such Person for such four fiscal quarters. In the event that the specified Person or any of its Restricted Subsidiaries Incurs, assumes, guarantees, repays, repurchases, redeems, defeases, retires, extinguishes or otherwise
discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being
calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma
effect (as determined in good faith by an officer of such Person responsible for accounting or financial reporting), including in respect of anticipated expense and cost reductions and synergies, to such Incurrence, assumption, guarantee, repayment,
repurchase, redemption, defeasance, retirement, extinguishment or other discharge of Indebtedness, or such issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, and the use of the proceeds therefrom, as if the same had
occurred at the beginning of the applicable four-quarter reference period; provided, however, that the pro forma calculation of Fixed Charges shall not give effect to (i) any Indebtedness Incurred on the Calculation Date pursuant
to Section 4.01(b) (other than for the purposes of the calculation of the Fixed Charge Coverage Ratio under Section 4.01(b)(v))” or (ii) the discharge on the Calculation Date of any Indebtedness to the extent that such discharge
results from the proceeds Incurred pursuant to Section 4.01(b). 
 In addition, for purposes of calculating the Fixed Charge Coverage
Ratio: 
  

	 	(1)	acquisitions or Investments that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or consolidations, or by any Person or any of its Restricted Subsidiaries acquired
by the specified Person or any of its Subsidiaries which are Restricted Subsidiaries, and including all related financing transactions and including increases in ownership of Restricted Subsidiaries, during the four-quarter reference period or
subsequent to such reference period and on or prior to the Calculation Date, or that are to be made on the Calculation Date, will be given pro forma effect (as determined in good faith by an officer of such Person responsible for accounting
or financial reporting), including in respect of anticipated expense and cost reductions and synergies, as if they had occurred on the first day of the four-quarter reference period; 

 

	 	(2)	the Consolidated EBITDA attributable to discontinued operations, as determined in accordance with IFRS, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be
excluded; 

  

	 	(3)	the Fixed Charges attributable to discontinued operations, as determined in accordance with IFRS, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be
excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted Subsidiaries following the Calculation Date; 

  
 17 

	 	(4)	any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at all times during such four-quarter period; 

 

	 	(5)	any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary at any time during such four-quarter period; 

 

	 	(6)	if any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness will be calculated as if the rate in effect on the Calculation Date had been
the applicable rate for the entire period (taking into account any Hedging Obligation applicable to such Indebtedness if such Hedging Obligation has a remaining term as at the Calculation Date in excess of 12 months, or, if shorter, at least equal
to the remaining term of such Indebtedness); 

  

	 	(7)	Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by an Officer of KP Parent responsible for accounting or financial reporting to be the rate of interest
implicit in such Capitalized Lease Obligation in accordance with IFRS; and 

  

	 	(8)	Fixed Charges denominated in a currency other than euro shall be translated into euros using the exchange rate applicable to such items in such Person’s financial statements for such periods or, in the case of
giving effect to pro forma Fixed Charges, the rate that would have been used had these Fixed Charges been incurred during the four most recent quarters for which financial statements were available. 

“Fixed Charges” means, with respect to any specified Person for any period, the sum, without duplication, of: 

 

	 	(1)	the Consolidated Interest Expense and Receivables Fees of such Person for such period; plus 

  

	 	(2)	all dividends, whether paid or accrued and whether or not in cash, on or in respect of all Disqualified Stock of KP Parent or any series of Preferred Stock of any Restricted Subsidiary, other than dividends on Capital
Stock payable to KP Parent or a Restricted Subsidiary. 

 “German Factoring Facility” means the factoring
agreement dated March 27/28, 2014, as amended, modified, restated or supplemented from time to time, by and between GE Capital Factoring GmbH, as purchaser, and Klöckner Pentaplast Europe GmbH & Co. KG. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness
of any other Person, including any such obligation, direct or indirect, contingent or otherwise, of such Person (including any Notes Guarantee): 
  

	 	(1)	to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase
assets, goods, securities or services, to take-or-pay or to maintain financial statement conditions or otherwise); or 

  
 18 

	 	(2)	entered into primarily for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part),

 provided, however, that the term “Guarantee” will not include endorsements for collection or deposit in the ordinary
course of business. The term “Guarantee” used as a verb has a corresponding meaning. 
 “Guarantor” means KP
Parent and each Restricted Subsidiary that Guarantees the Notes. 
 “Hedging Obligations” of any Person means the
obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodity Hedging Agreement. 

“Holder” means each Person in whose name the Notes is registered on the Registrar’s books, which shall initially be the
common depositary for the accounts of Euroclear and Clearstream or its nominee. 
 “Holding Company” means, in relation to
any Person, any other Person in respect of which it is a Subsidiary. 
 “IFRS” means International Financial Reporting
Standards (formerly International Accounting Standards) endorsed by the European Union or any variation thereof with which KP Parent or its Restricted Subsidiaries are required to comply as in effect on the Issue Date, or with respect to the
covenant described under Section 4.09, as in effect from time to time. 
 “Incur” means issue, create, assume, enter
into any Guarantee of, incur or otherwise become liable for, and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing; provided, however, that any Indebtedness or Capital Stock of
a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise) will be deemed to be Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary and any
Indebtedness pursuant to any revolving credit or similar facility shall only be “Incurred” at the time any funds are borrowed thereunder. 

“Indebtedness” means, with respect to any Person on any date of determination (without duplication): 

 

	 	(1)	the principal of indebtedness of such Person for borrowed money; 

  

	 	(2)	the principal of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 

  

	 	(3)	all reimbursement obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar instruments (the amount of such obligations being equal at any time to the aggregate then undrawn
and unexpired amount of such letters of credit or other instruments plus the aggregate amount of drawings thereunder that have been reimbursed) (except to the extent such reimbursement obligations relate to trade payables or other obligations not
constituting Indebtedness and such obligations are satisfied within 30 days of Incurrence), in each case only to the extent that the underlying obligation in respect of which the instrument was issued would be treated as Indebtedness;

  
 19 

	 	(4)	the principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property (except trade payables), where the deferred payment is arranged primarily as a means of raising
finance, which purchase price is due more than one year after the date of placing such property in service or taking final delivery and title thereto; 

  

	 	(5)	Capitalized Lease Obligations of such Person; 

  

	 	(6)	the principal component of all obligations, or liquidation preference, of such Person with respect to any Disqualified Stock or, with respect to any Restricted Subsidiary, any Preferred Stock (but excluding, in each
case, any accrued dividends); 

  

	 	(7)	the principal component of all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person (the amount of such Indebtedness being equal to the
lesser of (a) the fair market value of such asset at such date of determination (as determined in good faith by the Board of Directors or a member of Senior Management of KP Parent) and (b) the amount of such Indebtedness of such other
Persons); 

  

	 	(8)	Guarantees by such Person of the principal component of Indebtedness of other Persons to the extent Guaranteed by such Person; and 

  

	 	(9)	to the extent not otherwise included in this definition, net obligations of such Person under Hedging Obligations (the amount of any such obligations to be equal at any time to the termination value of such agreement or
arrangement giving rise to such obligation that would be payable by such Person at such time). 

 The term
“Indebtedness” shall not include (i) Subordinated Shareholder Funding, (ii) any lease, concession or license of property (or Guarantee thereof) which would be considered an operating lease under IFRS as in effect on the Issue
Date, (iii) prepayments of deposits received from clients or customers in the ordinary course of business or (iv) obligations under any license, permit or other approval (or Guarantees given in respect of such obligations) Incurred prior
to the Issue Date or in the ordinary course of business. 
 The amount of Indebtedness of any Person at any time in the case of a revolving
credit or similar facility shall be the total amounts of funds borrowed and then outstanding. The amount of Indebtedness of any Person at any date shall be determined as set forth above or otherwise provided in this Indenture, and (other than with
respect to letters of credit or Guarantees or Indebtedness specified in clause (7) or (8) above) shall equal the amount thereof that would appear on a balance sheet of such Person (excluding any notes thereto) prepared on the basis of
IFRS. 

  
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 Notwithstanding the above provisions, in no event shall the following constitute Indebtedness:

  

	 	(1)	Contingent Obligations Incurred in the ordinary course of business, obligations under or in respect of Qualified Receivables Financings and accrued liabilities Incurred in the ordinary course of business that are not
more than 90 days past due; 

  

	 	(2)	in connection with the purchase by KP Parent or any Restricted Subsidiary of any business, any post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final
closing balance sheet or such payment depends on the performance of such business after the closing; provided, however, that, at the time of closing, the amount of any such payment is not determinable and, to the extent such payment
thereafter becomes fixed and determined, the amount is paid within 30 days thereafter; or 

  

	 	(3)	for the avoidance of doubt, any obligations in respect of workers’ compensation claims, early retirement or termination obligations, pension fund obligations or contributions or similar claims, obligations or
contributions or social security or wage Taxes. 

 “Independent Financial Advisor” means an investment
banking or accounting firm of international standing or any third party appraiser of international standing; provided, however, that such firm or appraiser is not an Affiliate of KP Parent or any Subsidiary of KP Parent. 

“Initial Public Offering” means an Equity Offering of common stock or other common equity interests of KP Parent or any
Parent Entity or any successor of KP Parent or any Parent Entity (the “IPO Entity”) following which there is a Public Market and, as a result of which, the shares of common stock or other common equity interests of the IPO Entity in
such offering are listed on an internationally recognized exchange or traded on an internationally recognized market. 

“Intercreditor Agreement” means the intercreditor agreement dated on or about the Issue Date as amended from time to time,
between, among others, the Issuer, KP Parent and the other guarantors named therein, Credit Suisse AG, as representative for the senior secured credit agreement parties, Credit Suisse AG, Cayman Island Branch, as collateral agent and the Trustee.

 “Interest Rate Agreement” means, with respect to any Person, any interest rate protection agreement, interest rate
future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement to which such Person is party or a
beneficiary. 
 “Investment” means, with respect to any Person, all investments by such Person in other Persons (including
Affiliates) in the form of any advance, loan or other extensions of credit (other than advances or extensions of credit to customers, suppliers, directors, officers or employees of any Person in the ordinary course of business, and excluding any
debt or extension of credit represented by a bank deposit other than a time deposit) or capital 

  
 21 

 
contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or the Incurrence of a Guarantee of any
obligation of, or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by, such other Persons and all other items that are or would be classified as investments on a balance sheet (excluding any notes
thereto) prepared on the basis of IFRS; provided, however, that endorsements of negotiable instruments and documents in the ordinary course of business will not be deemed to be an Investment. If KP Parent or any Restricted Subsidiary issues,
sells or otherwise disposes of any Capital Stock of a Person that is a Restricted Subsidiary such that, after giving effect thereto, such Person is no longer a Restricted Subsidiary, any Investment by KP Parent or any Restricted Subsidiary in such
Person remaining after giving effect thereto will be deemed to be a new Investment equal to the fair market value of the Capital Stock of such Subsidiary not sold or disposed of in an amount determined as provided in Section 4.02(c). 

For purposes of Section 4.02: 
  

	 	(1)	“Investment” will include the portion (proportionate to KP Parent’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the fair market value of the net assets of
such Restricted Subsidiary of KP Parent at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary; and 

  

	 	(2)	any property transferred to or from an Unrestricted Subsidiary will be valued at its fair market value at the time of such transfer, in each case as determined in good faith by the Board of Directors or a member of
Senior Management of KP Parent. 

 The amount of any Investment outstanding at any time shall be the original cost of such
Investment, reduced (at KP Parent’s option) by any dividend, distribution, interest payment, return of capital, repayment or other amount or value received in respect of such Investment. 

“Investment Grade Securities” means: 
  

	 	(1)	securities issued or directly and fully Guaranteed or insured by the United Kingdom, United States or Canadian government or any agency or instrumentality thereof (other than Cash Equivalents); 

 

	 	(2)	securities issued or directly and fully guaranteed or insured by a member of the Pre-Expansion European Union, Switzerland or Norway or any agency or instrumentality thereof (other than Cash Equivalents) whose long-term
debt is rated “A-1” or higher by Moody’s or “A+” by S&P or the equivalent rating category of another internationally recognized rating agency, or, in each case, any agency or instrumentality, thereof; 

 

	 	(3)	debt securities or debt instruments with a rating of “BBB–” or higher from S&P “Baa3” or higher by Moody’s or “BBB–” or higher from Fitch or the equivalent of such rating
by such rating organization or, if no rating of S&P, Moody’s or Fitch then exists, the equivalent of such rating by any other Nationally Recognized Statistical Rating Organization, but excluding any debt securities or instruments
constituting loans or advances among KP Parent and its Subsidiaries; 

  
 22 

	 	(4)	investments in any fund that invests exclusively in investments of the type described in clauses (1), (2) and (3) above which fund may also hold cash and Cash Equivalents pending investment or distribution;
and 

  

	 	(5)	any investment in repurchase obligations with respect to any securities of the type described in clauses (1), (2) and (3) above which are collateralized at par or over. 

“Investment Grade Status” shall occur when all of the Notes receive any two of the following: 

 

	 	(1)	a rating of “BBB–” or higher from S&P; 

  

	 	(2)	a rating of “Baa3” or higher from Moody’s; and 

  

	 	(3)	a rating of “BBB–” or higher from Fitch, 

 or the equivalent of such rating by either such
rating organization or, if no rating of Moody’s or S&P then exists, the equivalent of such rating by any other Nationally Recognized Statistical Rating Organization. 

“IPO Entity” has the meaning given it in the definition of Initial Public Offering. 

“IPO Market Capitalization” means an amount equal to (1) the total number of issued and outstanding shares of common
stock or common equity interests of the IPO Entity at the time of closing of the Initial Public Offering multiplied by (2) the price per share at which such shares of common stock or common equity interests are sold in such Initial Public
Offering. 
 “Issue Date” means April 28, 2015. 

“Issuer” means Klöckner Pentaplast of America, Inc., a corporation incorporated under the laws of the Delaware. 

“KP Parent” means Kleopatra Holdings 2. 

“Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale
or other title retention agreement or lease in the nature thereof). 
 “Management Advances” means loans or advances made
to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent Entity, KP Parent or any Restricted Subsidiary: 
  

	 	(1)	(a) in respect of travel, entertainment or moving related expenses Incurred in the ordinary course of business or (b) for purposes of funding any such person’s purchase of Capital Stock or Subordinated
Shareholder Funding (or similar obligations) of KP Parent, its Subsidiaries or any Parent Entity with (in the case of this sub-clause (b)) the approval of the Board of Directors of KP Parent; 

  
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	 	(2)	in respect of moving related expenses Incurred in connection with any closing or consolidation of any facility or office; or 

  

	 	(3)	(in the case of this clause (3)) not exceeding €3.0 million in the aggregate outstanding at any time. 

“Management Investors” means (i) members of the management team of KP Parent or its Subsidiaries who invest, directly or
indirectly, in KP Parent from time to time and (ii) any entity that may hold shares transferred by departing members of the management team of KP Parent or its Subsidiaries for future redistribution to the management team of KP Parent or its
Subsidiaries. For the avoidance of doubt, the expression “management team” shall include, but not limited to, any managers, officers and (executive and non-executive) directors of KP Parent and its Subsidiaries). 

“Market Capitalization” means an amount equal to (1) the total number of issued and outstanding shares of common stock
or common equity interests of the IPO Entity on the date of the declaration of the relevant dividend multiplied by (2) the arithmetic mean of the closing prices per share of such common stock or common equity interests for the 30
consecutive trading days immediately preceding the date of declaration of such dividend. 
 “Moody’s” means
Moody’s Investors Service, Inc. or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization. 

“Nationally Recognized Statistical Rating Organization” means a nationally recognized statistical rating organization within
the meaning of Section 3(a)(62) of the Exchange Act. 
 “Net Available Cash” from an Asset Disposition means cash
payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as
consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject of such
Asset Disposition or received in any other non-cash form) therefrom, in each case net of: 
  

	 	(1)	all legal, accounting, investment banking, title and recording tax expenses, commissions and other fees and expenses Incurred, and all Taxes paid or required to be paid or accrued as a liability under IFRS (after taking
into account any available tax credits or deductions and any Tax Sharing Agreements), as a consequence of such Asset Disposition; 

  

	 	(2)	all payments made on any Indebtedness which is secured by any assets subject to such Asset Disposition (other than Capitalized Lease Obligations), in accordance with the terms of any Lien upon such assets, or which must
by its terms, or in order to obtain a necessary consent to such Asset Disposition, or by applicable law, be repaid out of the proceeds from such Asset Disposition; 

  
 24 

	 	(3)	all distributions and other payments required to be made to minority interest holders (other than any Parent Entity, KP Parent or any of their respective Subsidiaries) in Subsidiaries or joint ventures as a result of
such Asset Disposition; and 

  

	 	(4)	the deduction of appropriate amounts required to be provided by the seller as a reserve, on the basis of IFRS, against any liabilities associated with the assets disposed of in such Asset Disposition and retained by KP
Parent or any Restricted Subsidiary after such Asset Disposition. 

 “Net Cash Proceeds” means, with respect
to any issuance or sale of Capital Stock or Subordinated Shareholder Funding, the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts
or commissions and brokerage, consultant and other fees and charges actually Incurred in connection with such issuance or sale and net of Taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit
or deductions and any Tax Sharing Agreements). 
 “New First Lien Term Loans” means the $687.0 million and
€200.0 million term loans established under the Senior Secured Facilities Agreement and drawn on or about the Issue Date. 

“New Revolving Credit Facility” means the €100.0 million revolving credit facility established under the Senior
Secured Facilities Agreement. 
 “Notes Guarantee” means the guarantee by each Guarantor of the Issuer’s obligations
under this Indenture and the Notes pursuant to the provisions of this Indenture. 
 “Notes Documents” means the Notes
(including Additional Notes), this Indenture (including any supplemental indentures hereto), the Security Documents, the Intercreditor Agreement and any Additional Intercreditor Agreements. 

“Offering Memorandum” means the offering memorandum in relation to the Initial Notes. 

“Officer” means, with respect to any Person, (1) any member of the Board of Directors, the Chief Executive Officer, the
President, the Chief Financial Officer, any Vice President, the Treasurer or the Secretary (a) of such Person or (b) if such Person is owned or managed by a single entity, of such entity, or (2) any other individual designated as an
“Officer” for the purposes of this Indenture by the Board of Directors of such Person. 
 “Officer’s
Certificate” means, with respect to any Person, a certificate signed by one Officer of such Person. 
 “Opinion of
Counsel” means a written opinion from legal counsel reasonably satisfactory to the Trustee. The counsel may be an employee of or counsel to KP Parent or its Subsidiaries. 

“Parent Entity” means any Person of which KP Parent at any time is or becomes a Subsidiary after the Issue Date and any
holding companies established by any Permitted Holder for purposes of holding its investment in any Parent Entity. 

  
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 “Parent Expenses” means: 

 

	 	(1)	costs (including all professional fees and expenses (including audit and accounting costs)) Incurred by any Parent Entity in connection with reporting obligations under or otherwise Incurred in connection with
compliance with applicable laws, rules or regulations of any governmental, regulatory or self-regulatory body or stock exchange, this Indenture or any other agreement or instrument relating to Indebtedness of KP Parent or any Restricted Subsidiary,
including in respect of any reports filed with respect to the Securities Act or the Exchange Act; 

  

	 	(2)	customary indemnification obligations of any Parent Entity owing to directors, officers, employees or other Persons under its charter or by-laws or pursuant to written agreements or applicable law with any such Person
to the extent relating to KP Parent and its Subsidiaries; 

  

	 	(3)	obligations of any Parent Entity in respect of director and officer insurance (including premiums therefor) to the extent relating to KP Parent and its Subsidiaries; 

 

	 	(4)	(a) fees and expenses payable by any Parent Entity in connection with the Transactions and (b) payments necessary to permit any Parent Entity to pay the consideration to finance any Permitted Investment;

  

	 	(5)	general corporate overhead expenses, including (a) professional fees and expenses and other operational expenses of any Parent Entity related to the ownership or operation of the business of KP Parent or any of its
Restricted Subsidiaries, (b) costs and expenses with respect to the ownership, directly or indirectly, of KP Parent and its Restricted Subsidiaries by any Parent Entity, (c) any Taxes and other fees and expenses required to maintain such
Parent Entity’s corporate existence and to provide for other ordinary course operating costs, including customary salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers and employees of such Parent Entity,
(d) customary salary, bonus, severance and other benefits payable to current or former directors, officers, members of management, managers, employees or consultants (or any immediate family member thereof) of any Parent Entity plus any
reasonable and customary indemnification claims made by current or former directors, officers, members of management, managers, employees or consultants of any Parent Entity, to the extent such salary, bonuses, severance and other benefits or claims
in respect of any of the foregoing are directly attributable and reasonably allocated to the ownership or operations of any Parent Entity, (e) to reimburse reasonable out-of-pocket expenses of the Board of Directors of such Parent Entity and
(f) insurance premiums; 

  

	 	(6)	other fees, expenses and costs relating directly or indirectly to activities of KP Parent and its Subsidiaries or any Parent Entity or any other Person established for purposes of or in connection with the Transactions
or which holds directly or indirectly any Capital Stock or Subordinated Shareholder Funding of KP Parent, in an amount not to exceed €1.0 million in any fiscal year; 

  
 26 

	 	(7)	any income taxes, to the extent such income taxes are attributable to the income of KP Parent and its Subsidiaries; provided, however, that the amount of such payments in any fiscal year do not exceed the
sum of (a) the amount that KP Parent and its Restricted Subsidiaries would be required to pay in respect of such Taxes on a consolidated basis on behalf of an affiliated group consisting only of KP Parent and such Subsidiaries; and (b) the
amount actually received in cash from its Unrestricted Subsidiaries to pay such Taxes to the extent attributable to the income of such Unrestricted Subsidiaries; and 

 

	 	(8)	expenses Incurred by any Parent Entity in connection with any Public Offering or other sale of Capital Stock or Indebtedness: 

  

	 	(a)	in connection with (i) a sale of Capital Stock or assets of KP Parent of any of its Subsidiaries or (ii) a sale of a direct or indirect Parent Entity of KP Parent (that in the case of this clause
(ii) results in or would have resulted in a Change of Control or Specified Change of Control Event); 

  

	 	(b)	in a pro-rated amount of such expenses in proportion to the amount of such net proceeds intended to be so received or contributed; or 

 

	 	(c)	otherwise on an interim basis prior to completion of such offering so long as any Parent Entity shall cause the amount of such expenses to be repaid to KP Parent or the relevant Restricted Subsidiary out of the proceeds
of such offering promptly if completed. 

 “Pari Passu Indebtedness” means Indebtedness of KP Parent or any
Restricted Subsidiary that is a Guarantor which does not constitute Subordinated Indebtedness. 
 “Paying Agent” means any
Person authorized by the Issuer to pay the principal, interest and premium and Additional Amounts, if any, on any Note on behalf of the Issuer. 

“Perella Weinberg” means Perella Weinberg Partners, and where applicable, the funds and limited partnerships managed or
advised by them. 
 “Permitted Collateral Liens” means: 

 

	 	(1)	Liens on the Collateral to secure the Notes (other than Additional Notes) or the related Notes Guarantees; 

  

	 	(2)	Liens on the Collateral to secure (a) any Indebtedness (other than Subordinated Indebtedness) of the Issuer or a Guarantor permitted to be secured with a Permitted Lien pursuant to clauses (1), (2) or
(30) of the definition thereof or (b) Liens on the Collateral to secure any Indebtedness (including any Additional Notes) that is permitted to be Incurred by Section 4.01(a), Section 4.01(b)(v) or Section 4.01(b)(xiii)
(including any guarantee thereof permitted by the terms of this Indenture); 

  

	 	(3)	Liens on the Collateral to secure Refinancing Indebtedness in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace or discharge, any Indebtedness which is secured by a Lien on the
Collateral pursuant to the preceding clauses (1), clause (2) or this clause (3); 

  
 27 

	 	(4)	Liens on the Collateral to secure the Issuer’s or a Guarantor’s Hedging Obligations permitted to be incurred by Section 4.01(b)(ix) to the extent such Hedging Obligations relate solely to Indebtedness
referred to in clauses (1), (2) or (3) above; and 

  

	 	(5)	Liens on the Collateral described in one or more of clauses (4), (5), (6), (7), (8), (10), (11), (13), (14), (15), (20), (21), (22), (24), (25), (26), (27), (29), (30) and (31) of the definition of
“Permitted Liens;” 

 provided that, for purposes of the preceding clauses (1), (2), (3) and (4):

  

	 	(a)	if such Indebtedness is Indebtedness of the Issuer or a Guarantor permitted to be secured with a Permitted Lien pursuant to clauses (1), (2) or (30) of the definition thereof or any Refinancing Indebtedness in
respect thereof, such Lien may rank equal to all other Liens on the Collateral securing Senior Secured Indebtedness of KP Parent and its Restricted Subsidiaries (except that a Lien in favor of Senior Secured Indebtedness need not rank equally with
Liens in favor of other Senior Secured Indebtedness if such Senior Secured Indebtedness does not rank equally with such other Senior Secured Indebtedness); 

  

	 	(b)	with respect to any Indebtedness other than Indebtedness referred to in the preceding clause (a), (i) such Lien must rank pari passu with, or junior to, the Liens on the Collateral securing the Obligations
under the Notes and the Guarantees, and (ii) any Lien on any assets or other security pledged or assigned by the Parent or any of its Restricted Subsidiaries to secure, directly or indirectly, any such Indebtedness shall be pledged or assigned
to secure the obligations under the Notes and the Notes Guarantees on an equal and ratable or senior basis; and 

  

	 	(c)	each of the creditors with respect to such Indebtedness will have entered into (or, with respect to capital markets debt, the trustee thereof will have entered into and the holders thereof will be deemed a party to) the
Intercreditor Agreement (or any Additional Intercreditor Agreement), 

 and, in any such case and for the avoidance of doubt,
Section 4.07 shall have been complied with. 
 “Permitted Holders” means, collectively, (1) the
Equity Investors, (2) any Related Person of any Persons specified in clause (1), (3) any Person who is acting as an underwriter in connection with a public or private offering of Capital Stock of any Parent Entity or KP Parent, acting in
such capacity and (4) any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision) of which any of the foregoing (or any Persons mentioned in the following sentence) are
members; provided that, in the case of such group and without giving effect to the existence of such group or any other group, the Equity Investors and such Persons referred to in the following sentence, collectively, have Beneficial
Ownership of more than 50% of the total voting power of the Capital Stock of KP Parent or any of its direct or indirect Parent Entities held by such group. Any Person or group whose acquisition of Beneficial Ownership constitutes (1) a Change
of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture or (2) a Change of Control which is also a Specified Change of Control Event, will thereafter, together with its Affiliates,
constitute an additional Permitted Holder. 

  
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 “Permitted Investment” means (in each case, by KP Parent or any of its
Restricted Subsidiaries): 
  

	 	(1)	Investments in (a) a Restricted Subsidiary (including the Capital Stock of a Restricted Subsidiary) or KP Parent or (b) a Person (including the Capital Stock of any such Person) and such Person will, upon the
making of such Investment, become a Restricted Subsidiary; 

  

	 	(2)	Investments in another Person and as a result of such Investment such other Person is merged, consolidated or otherwise combined with or into, or transfers or conveys all or substantially all its assets to, KP Parent or
a Restricted Subsidiary; 

  

	 	(3)	Investments in cash, Cash Equivalents, Temporary Cash Investments or Investment Grade Securities; 

  

	 	(4)	Investments in receivables owing to KP Parent or any Restricted Subsidiary created or acquired in the ordinary course of business, including Investments in connection with any Qualified Receivables Financing;

  

	 	(5)	(a) Investments in payroll, travel, relocation, entertainment and similar advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and
that are made in the ordinary course of business and (b) Investments in the ordinary course of business consisting of endorsements for collection or deposit and customary trade arrangement with customers; 

 

	 	(6)	(a) Management Advances and (b) advances or loans to (i) any future, present or former officer, director, employee or consultant of KP Parent or a Restricted Subsidiary to pay for the purchase or other
acquisition for value of Capital Stock of KP Parent or any Parent (other than Disqualified Stock or Designated Preference Shares), or any obligation under a forward sale agreement, deferred purchase agreement or deferred payment arrangement pursuant
to any management equity plan or stock option plan or any other management or employee benefit or incentive plan or other agreement or arrangement or (ii) any management equity plan or stock option plan or any other management or employee
benefit or incentive plan or unit trust or the trustees of any such plan or trust to pay for the purchase or other acquisition for value of Capital Stock of KP Parent or any Parent (other than Disqualified Stock or Designated Preference Shares);
provided, however, that the total aggregate amount of advances or loan made pursuant to subclause (b) of this clause (6) does not exceed € 10.0 million at any time outstanding; 

 

	 	(7)	Investments in Capital Stock, obligations or securities received in settlement of debts created in the ordinary course of business and owing to KP Parent or any Restricted Subsidiary, or as a result of foreclosure,
perfection or enforcement of any Lien, or in satisfaction of judgments or pursuant to any plan of reorganization or similar arrangement including upon the bankruptcy or insolvency of a debtor; 

  
 29 

	 	(8)	Investments made as a result of the receipt of non-cash consideration from a sale or other disposition of property or assets, including an Asset Disposition, in each case, that was made in compliance with
Section 4.05; 

  

	 	(9)	Investments in existence on, or made pursuant to legally binding commitments in existence on, the Issue Date, and any extension, modification or renewal of any such Investment; provided that the amount of the
Investment may be increased (a) as required by the terms of the Investment as in existence on the Issue Date or (b) as otherwise permitted under this Indenture; 

 

	 	(10)	Currency Agreements, Interest Rate Agreements, Commodity Hedging Agreements and related Hedging Obligations, which transactions or obligations are Incurred in compliance with Section 4.01; 

 

	 	(11)	Investments, taken together with all other Investments made pursuant to this clause (11) and at any time outstanding, in an aggregate amount at the time of such Investment (net of any distributions, dividends,
payments or other returns in respect of such Investments) not to exceed the greater of €100.0 million and 7.8% of Total Assets; provided that, if an Investment is made pursuant to this clause in a Person that is not a Restricted
Subsidiary and such Person subsequently becomes a Restricted Subsidiary or is subsequently designated a Restricted Subsidiary pursuant to Section 4.17 such Investment shall thereafter be deemed to have been made pursuant to clause (1) or
(2) of this definition of “Permitted Investments” and not this clause (11); 

  

	 	(12)	pledges or deposits with respect to leases or utilities provided to third parties in the ordinary course of business or Liens otherwise described in the definition of “Permitted Liens” or made in connection
with Liens permitted under Section 4.03; 

  

	 	(13)	any Investment to the extent made using Capital Stock of KP Parent (other than Disqualified Stock), Subordinated Shareholder Funding or Capital Stock of any Parent Entity as consideration; 

 

	 	(14)	any transaction to the extent constituting an Investment that is permitted and made in accordance with the provisions of Section 4.06(b)(iv), Section 4.06(b)(vi), Section 4.06(b)(x) or
Section 4.06(b)(xiv); 

  

	 	(15)	Guarantees of Indebtedness of KP Parent or its Restricted Subsidiaries that is permitted to be Incurred by Section 4.01 and (other than with respect to Indebtedness) guarantees, keepwells and similar arrangements
in the ordinary course of business; 

  

	 	(16)	Investments in loans under the Senior Secured Credit Facilities, the Notes and any Additional Notes; 

  
 30 

	 	(17)	any Investments received in compromise or resolution of (a) obligations of trade creditors or customers that were incurred in the ordinary course of business of KP Parent or any of the Restricted Subsidiaries,
including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer; or (b) litigation, arbitration or other disputes; 

 

	 	(18)	Investments acquired after the Issue Date as a result of the acquisition by KP Parent or any of its Restricted Subsidiaries of another Person, including by way of a merger, amalgamation or consolidation with or into KP
Parent or any of its Restricted Subsidiaries in a transaction that is not prohibited by Section 5.01 to the extent that such Investments were not made in contemplation of such acquisition, merger, amalgamation or consolidation and were in
existence on the date of such acquisition, merger, amalgamation or consolidation; and 

  

	 	(19)	Investments in joint ventures and similar entities (including Investments in Unrestricted Subsidiaries to the extent such Subsidiaries directly or indirectly hold an Investment in a joint venture) having an aggregate
Fair Market Value (measured on the date each such Investment was made and without giving effect to subsequent changes in value) but net of any distributions, dividends, payments or other returns of such Investments, when taken together with all
other Investments made pursuant to this clause (19) that are at the time outstanding, not to exceed the greater of €75.0 million and 5.9% of Total Assets, provided that if an Investment is made pursuant to this clause in a Person
that is not a Restricted Subsidiary and such Person subsequently becomes a Restricted Subsidiary or is subsequently designated a Restricted Subsidiary pursuant to Section 4.17, such Investment shall thereafter be deemed to have been made
pursuant to clause (1) or (2) of this definition of “Permitted Investments” and not this clause (19). 

“Permitted Liens” means, with respect to any Person: 

 

	 	(1)	Liens on assets or property of KP Parent or any of its Restricted Subsidiaries securing Indebtedness (other than Subordinated Indebtedness) Incurred pursuant to either (a) Section 4.01(b)(i),
Section 4.01(b)(ii)(A) (to the extent Incurred by the Issuer or a Guarantor), Section 4.01(b)(iv)(A), Section 4.01(b)(iv)(B) (to the extent such Indebtedness is secured on the Issue Date), Section 4.01(b)(iv)(C) (to the extent
such Refinancing Indebtedness relates to Indebtedness secured by a Permitted Lien pursuant to this clause (1) or clause (2) below), Section 4.01(b)(iv)(E), Section 4.01(b)(vii) (other than with respect to Capitalized Lease
Obligations), Section 4.01(b)(xii) or Section 4.01(b)(xv) of Section 4.01(b) or (b) Senior Secured Indebtedness Incurred pursuant to Section 4.01(a); provided that, in the case of clause (b) if such Indebtedness
is incurred by the Issuer or a Guarantor (x) the secured parties to such Indebtedness (acting directly or through a creditor representative) shall have entered into the Intercreditor Agreement or an Additional Intercreditor Agreement and
(y) on the date of such incurrence and on a pro forma basis (including the pro forma application of the proceeds thereform) the Consolidated Net Senior Secured Leverage of the Issuer is equal to or less than 3.75 to 1.00;

  
 31 

	 	(2)	Liens on assets or property of a Person to secure Senior Secured Indebtedness described under Section 4.01(b)(v)(A) Incurred by the Issuer or a Guarantor; provided that at the time of the acquisition or
other transaction pursuant to which such Indebtedness is Incurred and after giving pro forma effect to the Incurrence of such Indebtedness and the application of the proceeds thereof, either (x) the Consolidated Net Senior Secured
Leverage of KP Parent is equal to or less than 3.75 to 1.00 or (y) the Consolidated Net Senior Secured Leverage Ratio of KP Parent would not be greater than it was immediately prior to giving pro forma effect to the incurrence of such
Indebtedness; 

  

	 	(3)	Liens on assets or property of any direct or indirect Restricted Subsidiary of KP Parent that is not the Issuer or a Guarantor securing Indebtedness of any direct or indirect Restricted Subsidiary of KP Parent that is
not the Issuer or a Guarantor permitted by Section 4.01; 

  

	 	(4)	pledges, deposits or Liens under workmen’s compensation laws, unemployment insurance laws, social security laws or similar legislation, Liens Incurred pursuant to Section 8(a) of the German Old Age Employees
Part Time Act (Altersteilzeitgesetz) or Section 7(e) of the Fourth Book of the German Social Code (Sozialgesetzbuch IV)), or insurance related obligations (including pledges or deposits securing liability to insurance carriers
under insurance or self-insurance arrangements), or in connection with bids, tenders, completion guarantees, contracts (other than for borrowed money) or leases, or to secure utilities, licenses, public or statutory obligations, or to secure surety,
indemnity, judgment, appeal or performance bonds, guarantees of government contracts (or other similar bonds, instruments or obligations), or as security for contested Taxes or import or customs duties or for the payment of rent, or other
obligations of like nature, in each case Incurred in the ordinary course of business; 

  

	 	(5)	Liens imposed by law, including carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s and repairmen’s or other similar Liens, in each case for sums not yet overdue for a period
of more than 30 days or that are bonded or being contested in good faith by appropriate proceedings; 

  

	 	(6)	Liens for Taxes, assessments or other governmental charges not yet delinquent or which are being contested in good faith by appropriate proceedings; provided that appropriate reserves required pursuant to IFRS
have been made in respect thereof; 

  

	 	(7)	Liens (a) in favor of issuers of surety, performance or other bonds, guarantees or letters of credit or bankers’ acceptances (not issued to support Indebtedness for borrowed money) issued pursuant to the
request of and for the account of KP Parent or any Restricted Subsidiary in the ordinary course of its business and (b) securing obligations in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar
instruments permitted to be Incurred pursuant to Section 4.01(b); 

  

	 	(8)	 encumbrances, ground leases, easements (including reciprocal easement agreements), survey exceptions, or
reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including minor defects or irregularities in title
and similar encumbrances) as 

  
 32 

	 	
to the use of real properties or Liens incidental to the conduct of the business of KP Parent and its Restricted Subsidiaries or to the ownership of its properties which do not in the aggregate
materially adversely affect the value of said properties or materially impair their use in the operation of the business of KP Parent and its Restricted Subsidiaries; 

 

	 	(9)	Liens on assets or property of KP Parent or any Restricted Subsidiary securing Hedging Obligations permitted under this Indenture and relating to Indebtedness permitted to be Incurred under this Indenture and which is
secured by a Lien on the same assets or property that secures such Indebtedness; 

  

	 	(10)	leases, licenses, subleases and sublicenses of assets (including real property and intellectual property rights), in each case entered into in the ordinary course of business; 

 

	 	(11)	Liens arising out of judgments, decrees, orders or awards not giving rise to an Event of Default so long as any appropriate legal proceedings which may have been duly initiated for the review of such judgment, decree,
order or award have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

  

	 	(12)	Liens on assets or property of KP Parent or any Restricted Subsidiary for the purpose of securing Capitalized Lease Obligations or Purchase Money Obligations, or securing the payment of all or a part of the purchase
price of, or securing other Indebtedness Incurred to finance or refinance the acquisition, improvement or construction of, assets or property acquired or constructed in the ordinary course of business; provided that (a) the aggregate
principal amount of Indebtedness secured by such Liens is otherwise permitted to be Incurred under Section 4.01(b)(vii) and (b) any such Lien may not extend to any assets or property of KP Parent or any Restricted Subsidiary other than
assets or property acquired, improved, constructed or leased with the proceeds of such Indebtedness and any improvements or accessions to such assets and property; 

 

	 	(13)	Liens arising by virtue of any statutory or common law provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary or
financial institution, including Liens over bank accounts pursuant to the general terms and conditions of German banks or savings banks (Allgemeine Bedingungen der Banken oder Sparkassen); 

 

	 	(14)	Liens arising from Uniform Commercial Code financing statement filings (or similar filings in other applicable jurisdictions) regarding operating leases entered into by KP Parent and its Restricted Subsidiaries in the
ordinary course of business; 

  

	 	(15)	Liens existing on, or provided for or required to be granted under written agreements existing on, the Issue Date; 

  
 33 

	 	(16)	Liens on property, other assets or shares of stock of a Person at the time such Person becomes a Restricted Subsidiary (or at the time KP Parent or a Restricted Subsidiary acquires such property, other assets or shares
of stock, including any acquisition by means of a merger, consolidation or other business combination transaction with or into KP Parent or any Restricted Subsidiary), including Liens created, incurred or assumed in connection with, or in
contemplation of such acquisition or transaction; provided, that such Liens are limited to the assets, property or shares of stock acquired (including those of a Person that becomes a Restricted Subsidiary); 

 

	 	(17)	Liens on assets or property of any Restricted Subsidiary that is not the Issuer or a Guarantor securing Indebtedness or other obligations of such Restricted Subsidiary owing to KP Parent or another Restricted
Subsidiary, or Liens in favor of the Issuer or any Guarantor; 

  

	 	(18)	Liens securing Refinancing Indebtedness Incurred to refinance Indebtedness that was previously so secured, and permitted to be secured under this Indenture (other than Liens initially incurred pursuant to clause
(30) of this definition); provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written
arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is or could be the security for or subject to a Permitted Lien hereunder; 

 

	 	(19)	any interest or title of a lessor under any Capitalized Lease Obligation or operating lease; 

  

	 	(20)	(a) mortgages, liens, security interest, restrictions, encumbrances or any other matters of record that have been placed by any government, statutory or regulatory authority, developer, landlord or other third
party on property over which KP Parent or any Restricted Subsidiary has easement rights or on any leased property and subordination or similar arrangements relating thereto and (b) any condemnation or eminent domain proceedings affecting any
real property; 

  

	 	(21)	any encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of, or assets owned by, any joint venture or similar arrangement pursuant to any joint venture or similar agreement;

  

	 	(22)	Liens on property or assets under construction (and related rights) in favor of a contractor or developer or arising from progress or partial payments by a third party relating to such property or assets;

  

	 	(23)	Liens on receivables and other assets of the type described in the definition of “Qualified Receivables Financing” Incurred in connection with a Qualified Receivables Financing; 

 

	 	(24)	Escrowed Proceeds for the benefit of the related holders of debt securities or other Indebtedness (or the underwriters or arrangers thereof) or on cash set aside at the time of the incurrence of any Indebtedness or
government securities purchased with such cash, in either case to the extent such cash or government securities prefund the payment of interest on such Indebtedness and are held in escrow accounts or similar arrangement to be applied for such
purpose; 

  
 34 

	 	(25)	Liens (a) that are contractual rights of setoff or netting relating to (i) the establishment of depositary relations with banks not granted in connection with the issuance of Indebtedness, (ii) pooled
deposit or sweep accounts of KP Parent or any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations Incurred in the ordinary course of business of KP Parent any Restricted Subsidiary, (iii) purchase orders and other
agreements entered into with customers of KP Parent or any Restricted Subsidiary in the ordinary course of business and (iv) commodity trading or other brokerage accounts incurred in the ordinary course of business, (b) Liens encumbering
reasonable customary initial deposits and margin deposits and (c) bankers Liens and rights and remedies as to deposit accounts; 

  

	 	(26)	Liens arising out of conditional sale, title retention, hire purchase, consignment or similar arrangements for the sale of goods entered into in the ordinary course of business; 

 

	 	(27)	Liens on Capital Stock or other securities or assets of any Unrestricted Subsidiary that secure Indebtedness of such Unrestricted Subsidiary; 

 

	 	(28)	(a) Liens created for the benefit of or to secure, directly or indirectly, the Notes (including any Guarantee thereof), and (b) Liens pursuant to the Intercreditor Agreement; 

 

	 	(29)	Liens over cash paid into an escrow account pursuant to any purchase price retention arrangement as part of any permitted disposal by KP Parent or a Restricted Subsidiary; 

 

	 	(30)	Liens provided that the maximum amount of Indebtedness secured in the aggregate at any one time pursuant to this clause (30) does not exceed the greater of €50.0 million or 4.0% of Total Assets;

  

	 	(31)	limited recourse Liens in respect of the ownership interests in, or assets owned by, any joint ventures which are not Restricted Subsidiaries securing obligations of such joint ventures; and 

 

	 	(32)	Liens or assets or property of a Restricted Subsidiary securing Indebtedness of such Restricted Subsidiary permitted by Section 4.01(b)(xiv). 

“Permitted Reorganization” means any amalgamation, demerger, merger, voluntary liquidation, consolidation, reorganization,
winding up or corporate reconstruction involving the Issuer or any of its Restricted Subsidiaries (a “Reorganization”) that is made on a solvent basis; provided that: 

 

	 	(a)	any payments or assets distributed in connection with such Reorganization remain within KP Parent and its Restricted Subsidiaries; and 

  
 35 

 (b) if any shares or other assets form part of the Collateral, substantially equivalent Liens
must be granted over such shares or assets of the recipient such that they form part of the Collateral. 
 “Person” means
any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government or any agency or political subdivision thereof or any other entity. 

“Pre-Expansion European Union” means the European Union as of January 1, 2004, including the countries of
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden and the United Kingdom, but not including any country which became or becomes a member of the European Union after
January 1, 2004. 
 “Preferred Stock,” as applied to the Capital Stock of any Person, means Capital Stock of
any class or classes (however designated) which is preferred as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other
class of such Person. 
 “Proceeds Loan” means any loan to be made after the Issue Date under a loan agreement
between a Parent Entity, as lender, and KP Parent, as borrower, pursuant to which the gross proceeds of the issuance of the Indebtedness of such Parent Entity have been or will be advanced to the Issuer, as amended, accreted or partially repaid from
time to time. 
 “Public Debt” means any Indebtedness consisting of bonds, debentures, notes or other similar debt
securities issued in (1) a Public Offering registered under the Securities Act or (2) a private placement to institutional investors that is underwritten for resale in accordance with Rule 144A or Regulation S under the Securities Act,
whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC for public resale. 

“Public Market” means any time after: 
  

	 	(1)	an Equity Offering has been consummated; and 

  

	 	(2)	shares of common stock or other common equity interests of the IPO Entity having a market value in excess of €100.0 million on the date of such Equity Offering have been distributed pursuant to such Equity
Offering. 

 “Public Offering” means any offering, including an Initial Public Offering, of shares of common
stock or other common equity interests that are listed on an exchange or publicly offered (which shall include an offering pursuant to Rule 144A or Regulation S under the Securities Act to professional market investors or similar persons). 

“Purchase Money Obligations” means any Indebtedness Incurred to finance or refinance the acquisition, leasing, construction
or improvement of property (real or personal) or assets (including Capital Stock), and whether acquired through the direct acquisition of such property or assets or the acquisition of the Capital Stock of any Person owning such property or assets,
or otherwise. 

  
 36 

 “Qualified Receivables Financing” means any transaction or series of
transactions that may be entered into by KP Parent or any of its Restricted Subsidiaries pursuant to which KP Parent or any of its Restricted Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary or (b) any
other Person, or may grant a security interest in, any receivables (whether now existing or arising in the future) of KP Parent or any of its Restricted Subsidiaries, and any assets related thereto including, without limitation, all contracts and
all guarantees or other obligations in respect of such accounts receivable, the proceeds of such receivables, the bank accounts into which the proceeds of such receivables are collected and other assets which are customarily transferred, or in
respect of which security interests are customarily granted, in connection with asset securitizations, receivable sale facilities, factoring facilities or invoice discounting facilities involving receivables. 

For the avoidance of doubt, the German Factoring Facility, the Swiss Factoring Facility and the U.S. Factoring Facility shall each be a
Qualified Receivables Financing. 
 “Receivables Fees” means distributions or payments made directly or by means of
discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Qualified Receivables Financing. 

“Receivables Repurchase Obligation” means any obligation of a seller of receivables in a Qualified Receivables
Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or
counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 

“Receivables Subsidiary” means a Wholly Owned Subsidiary of KP Parent (or another Person formed for the purposes of
engaging in a Qualified Receivables Financing with KP Parent in which KP Parent or any Subsidiary of KP Parent makes an Investment and to which KP Parent or any Subsidiary of KP Parent transfers accounts receivable and related assets) which engages
in no activities other than in connection with the financing of accounts receivable of KP Parent and its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto, and any business or
activities incidental or related to such business, and which is designated by the Board of Directors of KP Parent (as provided below) as a Receivables Subsidiary and: 
  

	 	(1)	no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (a) is guaranteed by KP Parent or any Restricted Subsidiary (excluding guarantees of obligations (other than the principal
of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (b) is recourse to or obligates KP Parent or any Restricted Subsidiary in any way other than pursuant to Standard Securitization Undertakings, or
(c) subjects any property or asset of KP Parent or any other Restricted Subsidiary of KP Parent, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings;

  
 37 

	 	(2)	with which neither KP Parent nor other Restricted Subsidiary KP Parent has any material contract, agreement, arrangement or understanding (except in connection with a Qualified Receivables Financing) other than on terms
which KP Parent reasonably believes to be no less favorable to KP Parent or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of KP Parent; and 

 

	 	(3)	to which neither KP Parent nor any Restricted Subsidiary of KP Parent has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating
results. 

 Any such designation by the Board of Directors of KP Parent shall be evidenced to the Trustee by filing with the
Trustee a copy of the resolution of the Board of Directors of KP Parent giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing conditions. 

“refinance” means refinance, refund, replace, renew, repay, modify, restate, defer, substitute, supplement, reissue, resell,
extend or increase (including pursuant to any defeasance or discharge mechanism) and the terms “refinances,” “refinanced” and “refinancing” as used for any purpose in this Indenture shall have a correlative meaning.

 “Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace, exchange, renew, repay or
extend (including pursuant to any defeasance or discharge mechanism) any Indebtedness existing on the date of this Indenture or Incurred in compliance with this Indenture (including Indebtedness of KP Parent that refinances Indebtedness of any
Restricted Subsidiary and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of KP Parent or another Restricted Subsidiary) including Indebtedness that refinances Refinancing Indebtedness; provided, however, that: 

 

	 	(1)	if the Indebtedness being refinanced constitutes Subordinated Indebtedness, the Refinancing Indebtedness has a final Stated Maturity at the time such Refinancing Indebtedness is Incurred that is the same as or later
than the final Stated Maturity of the Indebtedness being refinanced or, if shorter, the Notes; 

  

	 	(2)	such Refinancing Indebtedness is Incurred 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 the aggregate principal amount
(or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced (plus, without duplication, any additional Indebtedness Incurred to pay interest or premiums required by the instruments
governing such existing Indebtedness and costs, expenses and fees Incurred in connection therewith); and 

  

	 	(3)	if the Indebtedness being refinanced is expressly subordinated to the Notes, such Refinancing Indebtedness is subordinated to the Notes on terms at least as favorable to the Holders as those contained in the
documentation governing the Indebtedness being refinanced,  

 provided, however, that Refinancing Indebtedness shall not include
Indebtedness of KP Parent or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary or Indebtedness of a Restricted Subsidiary that is not the Issuer or a Guarantor that refinances Indebtedness of the Issuer or a
Guarantor. 

  
 38 

 Refinancing Indebtedness in respect of any Credit Facility or any other Indebtedness may be
Incurred from time to time after the termination, discharge or repayment of any such Credit Facility or other Indebtedness. 

“Related Person” with respect to any Permitted Holder, means: 

 

	 	(1)	any controlling equity holder, majority (or more) owned Subsidiary or partner or member of such Person; 

  

	 	(2)	in the case of an individual, any spouse, family member or relative of such individual, any trust or partnership for the benefit of one or more of such individual and any such spouse, family member or relative, or the
estate, executor, administrator, committee or beneficiaries of any thereof; 

  

	 	(3)	any trust, corporation, partnership or other Person for which one or more of the Permitted Holders and other Related Persons of any thereof constitute the beneficiaries, stockholders, partners or owners thereof, or
Persons beneficially holding in the aggregate a majority (or more) controlling interest therein; or 

  

	 	(4)	any investment fund or vehicle controlled, directly or indirectly, managed, sponsored or advised by such Person or any successor thereto, or by any Affiliate of such Person or any such successor. 

“Related Taxes” means any Taxes, including sales, use, transfer, rental, ad valorem, value added, stamp, property,
consumption, franchise, license, capital, registration, business, customs, net worth, gross receipts, excise, occupancy, intangibles or similar Taxes (other than (x) Taxes measured by income and (y) withholding imposed on payments made by
any Parent Entity), required to be paid (provided such Taxes are in fact paid) by any Parent Entity by virtue of its: 
  

	 	(1)	being incorporated or otherwise being established or having Capital Stock outstanding (but not by virtue of owning stock or other equity interests of any corporation or other entity other than, directly or indirectly,
KP Parent or any of KP Parent’s Subsidiaries); 

  

	 	(2)	issuing or holding Subordinated Shareholder Funding; 

  

	 	(3)	being a Holding Company, directly or indirectly, of KP Parent or any of KP Parent’s Subsidiaries; 

  

	 	(4)	receiving dividends from or other distributions in respect of the Capital Stock of, directly or indirectly, KP Parent or any of KP Parent’s Subsidiaries; or 

 

	 	(5)	having made any payment with respect to any of the items for which KP Parent is permitted to make payments to any Parent Entity pursuant to Section 4.02. 

“Replacement Assets” means non-current properties and assets that replace the properties and assets that were the subject of
an Asset Disposition or non-current properties and assets that will be used in KP Parent’s business or in that of the Restricted Subsidiaries as of the Issue Date or any and all businesses that in the good faith judgment of the Board of
Directors or any member of Senior Management of KP Parent are reasonably related thereto. 

  
 39 

 “Representative” means any trustee, agent or representative (if any) for an
issue of Indebtedness or the provider of Indebtedness (if provided on a bilateral basis), as the case may be. 
 “Responsible
Officer”means, when used with respect to the Trustee, any officer within the applicable corporate trust and agency services department of the Trustee, including any vice president, assistant vice president, assistant secretary, 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 Investment”means any Investment other than a Permitted Investment. “Restricted Subsidiary”means
any Subsidiary of KP Parent other than an Unrestricted Subsidiary. 
 “S&P” means Standard & Poor’s
Ratings Services, a division of McGraw Hill, Inc., or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder, as amended. 
 “Security Documents” means the security agreements, pledge agreements, collateral assignments,
and any other instrument and document executed and delivered pursuant to this Indenture and listed in Schedule 1 hereto or otherwise or any of the foregoing, as the same may be amended, supplemented or otherwise modified from time to time, creating
the security interests in the Collateral as contemplated by this Indenture. 
 “Senior Management” means the officers,
directors and other members of Senior Management of KP Parent or any of its Subsidiaries, who at any date beneficially own or have the right to acquire, directly or indirectly, Capital Stock of KP Parent or any Parent Entity. 

“Senior Secured Credit Facilities” means the term loan and the revolving credit facility established under the Senior Secured
Credit Facilities Agreement. 
 “Senior Secured Credit Facilities Agreement” means the senior secured credit facilities
agreement to be dated on on or about the Issue Date, by and among (among others), the Issuer, KP Germany Erste GmbH and Klockner Pentaplast GmbH, as borrowers, KP Parent, acting by its general partner and sole manager Kleopatra Holdings GP S.A.,
Kleopatra Luxembourg 2 S.à r.l. and the other guarantors party thereto, as guarantors, Credit Suisse Securities (USA) LLC, Deutsche Bank AG, Barclays Bank PLC and Jefferies Finance LLC (solely with respect to term loans and revolving
commitments provided to the Issuer), as joint lead arrangers and joint lead bookrunners, and Credit Suisse AG, as joint lead arranger, joint lead bookrunner, administrative agent and Collateral Trustee, as amended, restated, modified, renewed,
refunded, replaced, restructured, refinanced, repaid, increased or extended in whole or in part from time to time. 

  
 40 

 “Senior Secured Indebtedness” means, with respect to any Person as of any date
of determination, any Indebtedness of such Person and its Restricted Subsidiaries that is secured by a Lien, other than any Indebtedness that is secured by Liens on the Collateral that are pari passu or junior to the Liens securing the Notes
and the Notes Guarantees. 
 “Significant Subsidiary” means (a) the Issuer; (b) any Restricted Subsidiary that is
a Holding Company of the Issuer and (c) any Restricted Subsidiary that meets any of the following conditions: 
  

	 	(1)	KP Parent’s and its Restricted Subsidiaries’ investments in and advances to the Restricted Subsidiary exceed 10% of the total assets of KP Parent and its Restricted Subsidiaries on a consolidated basis as of
the end of the most recently completed fiscal year; 

  

	 	(2)	KP Parent’s and its Restricted Subsidiaries’ proportionate share of the total assets (after intercompany eliminations) of the Restricted Subsidiary exceeds 10% of the total assets of KP Parent and its
Restricted Subsidiaries on a consolidated basis as of the end of the most recently completed fiscal year; or 

  

	 	(3)	KP Parent’s and its Restricted Subsidiaries’ proportionate share of the Consolidated EBITDA of the Restricted Subsidiary exceeds 10% of the Consolidated EBITDA of KP Parent and its Restricted Subsidiaries on a
consolidated basis for the most recently completed fiscal year. 

 “Similar Business” means (1) any
businesses, services or activities engaged in by KP Parent or any of its Subsidiaries or any Associates on the Issue Date and (2) any businesses, services and activities that are related, complementary, incidental, ancillary or similar to any
of the foregoing or are extensions or developments of any thereof. 
 “Specified Change of Control Event” means the
occurrence of any event that would constitute a Change of Control pursuant to the definition thereof; provided that immediately prior to the occurrence of such event and immediately thereafter and giving pro forma effect thereto, the
Consolidated Net Leverage Ratio would have been less than 5.0 to 1.0 (for any Change of Control occurring on or prior to the 24-month anniversary of the Issue Date) or less than 4.5 to 1.0 (for any Change of Control occurring thereafter).
Notwithstanding the foregoing, only one Specified Change of Control Event shall be permitted under this Indenture after the Issue Date. 

“Standard Securitization Undertakings” means representations, warranties, covenants, indemnities and guarantees of performance
entered into by KP Parent or any Subsidiary of KP Parent which KP Parent has determined in good faith to be customary in a Receivables Financing, including those relating to the servicing of the assets of a Receivables Subsidiary, it being
understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 

  
 41 

 “Stated Maturity” means, with respect to any security, the date specified in
such security as the fixed date on which the payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any Contingent Obligations, including those described in
Section 4.05 and Section 4.14 to repay, redeem or repurchase any such principal prior to the date originally scheduled for the payment thereof. 

“Subordinated Indebtedness” means, with respect to any Person, any Indebtedness (whether outstanding on the Issue Date or
thereafter Incurred) which is expressly subordinated in right of payment to the Notes or any Notes Guarantee pursuant to a written agreement. 

“Subordinated Shareholder Funding” means, collectively, any funds provided to KP Parent by any Parent Entity, any Affiliate
of any Parent Entity or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any
such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding, provided, however, that such Subordinated Shareholder
Funding: 
  

	 	(1)	does not mature or require any amortization, redemption or other repayment of principal or any sinking fund payment prior to the first anniversary of the Stated Maturity of the Notes (other than through conversion or
exchange of such funding into Capital Stock (other than Disqualified Stock) of KP Parent or any funding meeting the requirements of this definition) or the making of any such payment prior to the first anniversary of the Stated Maturity of the Notes
is restricted by the Intercreditor Agreement, an Additional Intercreditor Agreement or another intercreditor agreement; 

  

	 	(2)	does not require, prior to the first anniversary of the Stated Maturity of the Notes, payment of cash interest, cash withholding amounts or other cash gross-ups, or any similar cash amounts or the making of any such
payment prior to the first anniversary of the Stated Maturity of the Notes is restricted by the Intercreditor Agreement or an Additional Intercreditor Agreement; 

  

	 	(3)	contains no change of control or similar provisions and does not accelerate and has no right to declare a default or event of default or take any enforcement action or otherwise require any cash payment, in each case,
prior to the first anniversary of the Stated Maturity of the Notes or the payment of any amount as a result of any such action or provision or the exercise of any rights or enforcement action, in each case, prior to the first anniversary of the
Stated Maturity of the Notes is restricted by the Intercreditor Agreement or an Additional Intercreditor Agreement; 

  

	 	(4)	does not provide for or require any security interest or encumbrance over any asset of KP Parent or any of its Subsidiaries; 

  

	 	(5)	pursuant to its terms or the terms of the Intercreditor Agreement, an Additional Intercreditor Agreement or another intercreditor agreement, is fully subordinated and junior in right of payment to the Notes pursuant to
subordination, payment blockage and enforcement limitation terms which are customary in all material respects for similar funding or are no less favorable in any material respect to Holders than those contained in the Intercreditor Agreement as in
effect on the Issue Date with respect to the “Subordinated Liabilities” (as defined therein); 

  
 42 

	 	(6)	is not guaranteed by any Subsidiary of KP Parent; and 

  

	 	(7)	does not (including upon the happening of any event) restrict the payment of amounts due in respect of the Notes, a Notes Guarantee or compliance by the Issuer or any Guarantor with its obligations under the Notes or
this Indenture. 

 “Subsidiary” means, with respect to any Person: 

 

	 	(1)	any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total voting power of shares of Capital Stock
entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other
Subsidiaries of that Person or a combination thereof; or 

  

	 	(2)	any partnership, joint venture, limited liability company or similar entity of which: 

  

	 	(a)	more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person
or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited partnership interests or otherwise; and 

 

	 	(b)	such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 

“Successor Parent Entity” means, with respect to any Person, any other Person more than 50% of the total voting power of the
Voting Stock of which is, at the time the first Person becomes a Subsidiary of such other Person, “Beneficially Owned” by one or more Persons that “Beneficially Owned” more than 50% of the total voting power of the Voting Stock
of the first Person immediately prior to the first Person becoming a Subsidiary of such other Person. 
 “SVP” means
Strategic Value Partners, LLC and, where applicable, the funds, limited partnerships and accounts managed or advised by it or its Affiliates and any vehicles owned or controlled by such funds, limited partnerships and accounts. 

“Swiss Factoring Facility” means the factoring facility to be granted under a factoring agreement to be entered into after
the Issue Date, as amended, modified, restated or supplemented from time to time, by and between GE Capital Bank AG, Mainz, Germany, as purchaser, and Klöckner Pentaplast Schweiz AG, Switzerland, as seller. 

“Tax Sharing Agreement” means any tax sharing or profit and loss pooling or similar agreement with customary or
arm’s-length terms entered into with any Parent Entity or Unrestricted Subsidiary, as the same may be amended, supplemented, waived or otherwise 

  
 43 

 modified from time to time in accordance with the terms thereof and of this Indenture, and any arrangements or
transactions made between KP Parent and/or any of its Subsidiaries and any Parent Entity in order to satisfy the obligations arising under any such Tax Sharing Agreement (including, for the avoidance of doubt, distributions for purposes of
compensating accounting losses in relation to a profit and loss pooling agreement and/or upstream loans to any Parent to enable a Parent to compensate KP Parent or such Subsidiary for losses incurred which may need to be compensated by a Parent
under any profit and loss pooling agreement). 
 “Taxes” means all present and future taxes, levies, imposts, deductions,
charges, duties and withholdings and any charges of a similar nature (including interest and penalties with respect thereto) that are imposed by any government or other taxing authority. 

“Temporary Cash Investments” means any of the following: 

 

	 	(1)	any investment in: 

  

	 	(a)	direct obligations of, or obligations Guaranteed by, (i) the United Kingdom, the United States, Australia or Canada, (ii) any European Union member state to the extent rated at least “A” by S&P,
“A-1” by Moody’s or “A” by Fitch (or, in each case, the equivalent of such rating by such organization or, if no rating of S&P, Moody’s or Fitch then exists, the equivalent of such rating by any Nationally
Recognized Statistical Rating Organization), (iii) Switzerland or Norway, (iv) any country in whose currency funds are being held specifically pending application in the making of an investment or capital expenditure by KP Parent or a Restricted
Subsidiary in that country with such funds or (v) any agency or instrumentality of any such country or member state; or 

  

	 	(b)	direct obligations of any country recognized by the United States rated at least “A” by S&P, “A-1” or “A” by Fitch by Moody’s (or, in each case, the equivalent of such rating by
such organization or, if no rating of S&P, Moody’s then exists, the equivalent of such rating by any Nationally Recognized Statistical Rating Organization); 

 

	 	(2)	overnight bank deposits, and investments in time deposit accounts, certificates of deposit, bankers’ acceptances and money market deposits (or, with respect to foreign banks, similar instruments) maturing not more
than one year after the date of acquisition thereof issued by: 

  

	 	(a)	any lender that is an institution authorized to operate as a bank under the Senior Secured Credit Facilities Agreement; 

  

	 	(b)	any lender that is an institution authorized to operate as a bank in any of the countries or member states referred to in sub-clause (7) below; or 

  
 44 

	 	(c)	any bank or trust company organized under the laws of any such country or member state or any political subdivision thereof, in each case, having capital and surplus aggregating in excess of £250 million (or
the foreign currency equivalent thereof) and whose long-term debt is rated at least “A-” by S&P, “A-3” or “A” by Fitch by Moody’s (or, in each case, the equivalent of such rating by such organization or, if no
rating of or “A by Fitch Moody’s, S&P or Fitch then exists, the equivalent of such rating by any Nationally Recognized Statistical Rating Organization) at the time such Investment is made; 

 

	 	(3)	repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clause (1) or (2) above entered into with a Person meeting the qualifications described in clause
(2) above; 

  

	 	(4)	Investments in commercial paper, maturing not more than 270 days after the date of acquisition, issued by a Person (other than KP Parent or any of its Subsidiaries), with a rating at the time as of which any Investment
therein is made of “P-2” (or higher) according to Moody’s or “A-2” (or higher) according to S&P (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody’s then
exists, the equivalent of such rating by any Nationally Recognized Statistical Rating Organization); 

  

	 	(5)	Investments in securities maturing not more than one year after the date of acquisition issued or fully Guaranteed by any state, commonwealth or territory of the United Kingdom, United States, Australia, Canada, any
European Union member state or Switzerland, Norway or by any political subdivision or taxing authority of any such state, commonwealth, territory, country or member state, and rated at least “BBB-” by S&P or “Baa3” by
Moody’s (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody’s then exists, the equivalent of such rating by any Nationally Recognized Statistical Rating Organization);

  

	 	(6)	bills of exchange issued in the United Kingdom, United States, Australia, Canada, a member state of the European Union, Switzerland, Norway or Japan eligible for rediscount at the relevant central bank and accepted by a
bank (or any dematerialized equivalent); 

  

	 	(7)	any money market deposit accounts issued or offered by a commercial bank organized under the laws of a country that is a member of the Organization for Economic Co-operation and Development, in each case, having capital
and surplus in excess of £250 million (or the foreign currency equivalent thereof) or whose long term debt is rated at least “A” by S&P, “A2” by Moody’s or “A” by Fitch (or, in each case, the
equivalent of such rating by such organization or, if no rating of Moody’s, S&P or Fitch then exists, the equivalent of such rating by any Nationally Recognized Statistical Rating Organization) at the time such Investment is made;

  

	 	(8)	investment funds investing 95% of their assets in securities of the type described in clauses (1) through (7) above (which funds may also hold reasonable amounts of cash pending investment or distribution);
and 

  
 45 

	 	(9)	investments in money market funds (a) complying with the risk limiting conditions of Rule 2a-7 (or any successor rule) of the SEC under the U.S. Investment Company Act of 1940, as amended or (b) rated
“AAA” by S&P, “Aaa” by Moody’s or “AAA” by Fitch (or, in each case, the equivalent of such rating by such organization or, if no rating of S&P or Moody’s or Fitch then exists, the equivalent of such
rating by any Nationally Recognized Statistical Rating Organization). 

 “Total Assets” means the combined
total assets of KP Parent and its Restricted Subsidiaries as shown on the most recent combined balance sheet of KP Parent prepared on the basis of IFRS on or prior to the date of determination. 

“Transactions” has the meaning given to such term in the Offering Memorandum under the caption “Certain
Definitions.” 
 “UBS” means UBS AG, London Branch. 

“Uniform Commercial Code” mean the New York Uniform Commercial Code. 

“Unrestricted Subsidiary” means: 
  

	 	(1)	any Subsidiary of KP Parent that at the time of determination is an Unrestricted Subsidiary (as designated by the Board of Directors of KP Parent in the manner provided below); and 

 

	 	(2)	any Subsidiary of an Unrestricted Subsidiary. 

 The Board of Directors of KP Parent may
designate any Subsidiary of KP Parent (including any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger, consolidation or other business combination transaction, or Investment therein) other than the Issuer
and any Subsidiary of KP Parent that is a Holding Company of the Issuer to be an Unrestricted Subsidiary only if: 
  

	 	(1)	such Subsidiary or any of its Subsidiaries does not own any Capital Stock or Indebtedness of, or own or hold any Lien on any property of, KP Parent or any other Subsidiary of KP Parent which is not a Subsidiary of the
Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; and 

  

	 	(2)	such designation and the Investment of KP Parent in such Subsidiary complies with Section 4.17. 

Any such designation by the Board of Directors of KP Parent shall be evidenced to the Trustee by filing with the Trustee a copy of the
resolution of the Board of Directors of KP Parent giving effect to such designation and an Officer’s Certificate certifying that such designation complies with the foregoing conditions. 

The Board of Directors of KP Parent may designate any Unrestricted Subsidiary to be a Restricted Subsidiary other than the Issuer and any
Subsidiary of KP Parent that is a Holding Company of the Issuer; provided that immediately after giving effect to such designation (a) no Default or Event of Default would result therefrom and (b) (x) KP Parent could Incur at
least €1.00 of additional Indebtedness under Section 4.01(a) or (y) the Fixed Charge Coverage Ratio would not be less than it was immediately prior to giving effect to such designation, in each case, on a pro forma basis taking
into account such designation. Any such designation by the Board of Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the resolution of the Board of Directors giving effect to such designation or an
Officer’s Certificate certifying that such designation complied with the foregoing provisions. 

  
 46 

 “U.S. Factoring Facility” means the receivables purchase facility under (1) the
Amended and Restated First Tier Receivables Purchase Agreement dated March 28, 2011, as amended, restated, supplemented or otherwise modified from time to time, among Klockner Pentaplast Receivables Funding LLC as the buyer (the “U.S.
Factoring SPV”), the Issuer, as an originator, and Klöckner Pentaplast of America/Witt Plastics, Inc., as an originator (“KP Witt”, and together with the Issuer, the “U.S. Factoring Originators”); (2) the amended and
restated second tier receivables purchase agreement dated March 28, 2011, as amended, restated, supplemented or otherwise modified from time to time, among the U.S. Factoring SPV, as the seller, General Electric Capital Corporation (and any
successors and assigns thereof), as the purchaser (the “U.S. Factoring Purchaser”), and the Issuer and KP Witt, as Servicers and U.S. Factoring Originators; and (3) the Performance Guaranty dated as of 19 June 2012, as amended, restated,
supplemented or otherwise modified from time to time (the “U.S. Factoring Parent Guaranty”), by KP Parent in favor of the U.S. Factoring SPV and the U.S. Factoring Purchaser. 

“U.S. GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time.

 “Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding and normally entitled to
vote in the election of directors. 
 “Wholly Owned Subsidiary” means a Restricted Subsidiary of KP Parent, all of the
Capital Stock of which (other than directors’ qualifying shares or shares required by any applicable law or regulation to be held by a Person other than KP Parent or another Wholly Owned Subsidiary) is owned by KP Parent or another Wholly Owned
Subsidiary. 
 SECTION 1.02 Other Definitions. 
  

			
	 Term
	  	Defined in Section
	“144A Book-Entry Interest”	  	Exhibit A-1
	“Additional Amounts”	  	4.13(a)
	“Additional Intercreditor Agreement”	  	4.11(a)
	“Affiliate Transaction”	  	4.06(a)
	“Applicable Procedures”	  	Exhibit A-1
	“Asset Disposition Offer”	  	4.05(d)
	“Asset Disposition Offer Amount”	  	4.05(g)
	“Asset Disposition Offer Period”	  	4.05(g)
	“Asset Disposition Purchase Date”	  	4.05(g)
	“Authenticating Agent”	  	2.03
	“Authorized Agent”	  	12.08
	“Change of Control Offer”	  	4.14(b)
	“Change of Control Payment”	  	4.14(b)(i)
	“Change of Control Payment Date”	  	4.14(b)(ii)
	“Collateral Trustee”	  	Preamble
	“covenant defeasance option”	  	8.01(b)
	“cross acceleration provision”	  	6.01(d)(ii)

  
 47 

			
	 Term
	  	Defined in Section
	“Definitive Registered Note”	  	Exhibit A-1
	“Depositary”	  	Exhibit A-1
	“Directive”	  	2.04(a)
	“Event of Default”	  	6.01
	“Global Note”	  	Exhibit A-1
	“Global Notes Legend”	  	Exhibit A-1
	“Initial Agreement”	  	4.04(b)(iii)
	“Initial Default”	  	6.02
	“Initial Guarantors”	  	Preamble
	“Initial Lien”	  	4.03
	“judgment default provision”	  	6.01(g)
	“legal defeasance option”	  	8.01(b)
	“Notes”	  	Preamble
	“payment default”	  	6.01(d)(i)
	“Payor”	  	4.13(a)
	“Permitted Debt”	  	4.01(b)
	“Permitted Payments”	  	4.02(b)
	“protected purchaser”	  	2.08
	“QIB”	  	Exhibit A-1
	“Regulation S”	  	Exhibit A-1
	“Regulation S Book-Entry Interest”	  	Exhibit A-1
	“Regulation S Notes”	  	Exhibit A-1
	“Regulation S Permanent Global Notes”	  	Exhibit A-1
	“Regulation S Temporary Global Notes”	  	Exhibit A-1
	“Relevant Taxing Jurisdiction”	  	4.13(a)(ii)
	“Registrar”	  	2.04(a)
	“Restricted Notes Legend”	  	Exhibit A-1
	“Restricted Payment”	  	4.02(a)
	“Reversion Date”	  	4.10(a)
	“Rule 144A”	  	Exhibit A-1
	“Rule 144A Notes”	  	Exhibit A-1
	“Suspension Event”	  	4.10(a)
	“Swiss Guarantor”	  	10.08
	“Swiss Restricted Obligations”	  	10.08
	“Transfer Agent”	  	2.04(a)
	“Transfer Restricted Notes”	  	Exhibit A-1
	“Trustee”	  	Preamble

 SECTION 1.03 Rules of Construction. Unless the context otherwise requires: 

(i) a term has the meaning assigned to it; 

(ii) an accounting term not otherwise defined has the meaning assigned to it in accordance with IFRS in existence as of
the Issue Date; 
 (iii) “or” is not exclusive; 

(iv) “including” means including without limitation; and 

(v) words in the singular include the plural and words in the plural include the singular. 

  
 48 

 ARTICLE II 

The Notes 
 SECTION 2.01
Additional Notes. 
 (a) This Indenture is unlimited in aggregate principal amount. The Issuer may, subject to applicable law and this
Indenture, issue an unlimited principal amount of Additional Notes; provided, that if the Additional Notes are not fungible with the Notes for U.S. federal income tax purposes, the Additional Notes will be issued with a separate ISIN or
Common Code, as applicable, from the Notes. The Initial Notes and, if issued, any related Additional Notes will be treated as a single class, in each case, for all purposes under this Indenture, including, without limitation, with respect to
waivers, amendments, redemptions and offers to purchase, except with respect to right of payment and optional redemption, as the relevant amendment, waiver, consent, modification or similar action affects the rights of the Holders of the different
series of Notes dissimilarly or as otherwise provided for herein. 
 SECTION 2.02 Form and Dating. Provisions relating to the Notes
are set forth in Exhibit A-1, which is hereby incorporated in and expressly made a part of this Indenture. The (a) Initial Notes and the Trustee’s or an Authenticating Agent’s certificate of authentication (as the case may be) and
(b) any related Additional Notes (if issued as Transfer Restricted Notes) and the Trustee’s or an Authenticating Agent’s certificate of authentication (as the case may be) shall each be substantially in the form included in Exhibit
A-3. Any Additional Notes (issued other than as Transfer Restricted Notes) and the Trustee’s or an Authenticating Agent’s certificate of authentication (as the case may be) shall each be substantially in the form included in Exhibit A-3
(without the Restricted Notes Legend). The Notes may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Issuer is subject, if any, or usage, provided that any such notation, legend or
endorsement is in a form acceptable to the Issuer, the Paying Agent and the Trustee. Each Note shall be dated the date of its authentication. The Notes shall be issuable only in registered form without interest coupons and only in minimum
denominations of €100,000 and in integral multiples of €1,000 in excess thereof. 
 SECTION 2.03 Execution and
Authentication. One Officer of the Issuer shall sign the Notes for the Issuer by manual or facsimile signature. 
 If an Officer whose
signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall be valid nevertheless. 

A Note shall not be valid until an authorized signatory of the Trustee or an Authenticating Agent (as the case may be) manually signs the
certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

The Trustee or an Authenticating Agent (as the case may be) shall authenticate and make available for delivery Notes as set forth in Exhibit
A-1 following receipt of an authentication order signed by an Officer of the Issuer directing the Trustee or an Authenticating Agent to authenticate such Notes. 

  
 49 

 The Trustee may appoint one or more authenticating agents (each, an “Authenticating
Agent”) to authenticate the Notes. The term “Authenticating Agent” includes Deutsche Bank AG, London Branch, and any successor or additional Authenticating Agent appointed hereunder. The Trustee initially appoints Deutsche
Bank AG, London Branch, who accepts such appointment, as Authenticating Agent. Unless limited by the terms of such appointment, an Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to
authentication by the Trustee includes authentication by such Agent. An Authenticating Agent has the same rights as any Registrar, Paying Agent or any other Agent for service of notices and demands. 

SECTION 2.04 Registrar and Paying Agent. (a) The Issuer will maintain a Paying Agent for the Notes in London. The Issuer will also
undertake to maintain a Paying Agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to the European Union Directive 2003/48/EC, as amended or supplemented from time to time, including through European
Council Directive 2014/48/EU, or any other directive implementing the conclusions of the ECOFIN meeting of 26 and 27 November 2000 regarding the taxation of savings income (the “Directive”), or any law implementing or complying
with or introduced in order to conform to, such Directive. The initial Paying Agent will be Deutsche Bank AG, London Branch. 
 The Issuer
will also maintain a registrar (the “Registrar”) in Luxembourg, and a transfer agent (the “Transfer Agent”) in Luxembourg. The initial Registrar will be Deutsche Bank Luxembourg S.A. and the initial Transfer Agent
will be Deutsche Bank Luxembourg S.A. The Registrar, the Paying Agent and Transfer Agent, as applicable, will maintain a register reflecting ownership of the Notes outstanding from time to time, if any, and will make payments on and facilitate
transfers of the Notes on behalf of the Issuer. 
 (b) The Issuer shall enter into an appropriate agency agreement with any Registrar and
Paying Agent not a party to this Indenture. Such agreement shall implement the provisions of this Indenture that relate to such Agent. The Issuer shall notify the Trustee of the name and address of any such agent. If the Issuer fails to maintain a
Registrar or Paying Agent, the Trustee may act, or may arrange for appropriate parties to act, as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.06. The Issuer or any of its Restricted Subsidiaries may act
as Paying Agent or Registrar in respect of the Notes. 
 (c) The Issuer may change any Registrar, Paying Agent or Transfer Agent upon
written notice to such Registrar, Paying Agent or Transfer Agent and to the Trustee, without prior notice to the Holders; provided, however, that no such removal shall become effective until (i) acceptance of an appointment by a
successor as evidenced by an appropriate agreement entered into by the Issuer and such successor Registrar, Paying Agent or Transfer Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee
shall, to the extent that the Trustee determines that it is able and agrees to, serve as Registrar, Paying Agent or Transfer Agent until the appointment of a successor in accordance with clause (b) above; provided further that in no
event may the Issuer appoint a Paying Agent in any member state of the European Union where the Paying Agent would be obliged to withhold or deduct tax in connection with any payment made by it in relation to the Notes unless the Paying Agent would
be so obliged if it were located in all other member states. The Registrar, any Paying Agent or the Transfer Agent may resign by providing 30 days’ written notice to the Issuer and the Trustee. In addition, for so long as Notes are listed on
the Official List of the Luxembourg Stock Exchange and admitted to 

  
 50 

 trading on the Euro MTF Market and the rules of the Luxembourg Stock Exchange so require, the Issuer or KP Parent
will publish notice of any change of Paying Agent, Registrar or Transfer Agent in a daily newspaper with general circulation in Luxembourg (which is expected to be the Luxemburger Wort) or, to the extent and in the manner permitted by such
rules, post such notice on the official website of the Luxembourg Stock Exchange (www.bourse.lu). KP Parent or any of its Subsidiaries may act as Paying Agent or Registrar in respect of the Notes. 

SECTION 2.05 Paying Agent to Hold Money. No later than 11:00 a.m. London time one Business Day prior to each due date of the principal
of, interest and premium (if any) on any Note, the Issuer shall deposit with the appropriate Paying Agent (or if the Issuer or a Restricted Subsidiary of the Issuer is acting as Paying Agent, segregate and hold in trust for the benefit of the
Persons entitled thereto) a sum sufficient to pay such principal, interest and premium (if any) when so becoming due and, subject to receipt of such monies, the Paying Agent shall make payment on the Notes in accordance with this Indenture. If the
Issuer or a Restricted Subsidiary acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Issuer shall before 10:00 am London time, on the Business Day prior to the day on which the
Paying Agent is to receive payment, procure that the bank effecting payment for it confirms by fax or tested SWIFT MT100 message to the Paying Agent the irrevocable payment instructions relating to such payment. The Issuer and the Trustee at any
time may require a Paying Agent to pay all money held by it to the Trustee or such entity designated by the Trustee for this purpose and to account for any funds disbursed by the Paying Agent. Upon complying with this Section 2.05, the Paying
Agent shall have no further liability for the money delivered to the Trustee. For the avoidance of doubt, the Paying Agent and the Trustee shall be held harmless and have no liability with respect to payments or disbursements to be made by the
Paying Agent and Trustee (i) for which payment instructions are not made or that are not otherwise deposited by the respective times set forth in this Section 2.05, (ii) and until they have confirmed receipt of funds sufficient to
make the relevant payment. 
 SECTION 2.06 Holder Lists. The Registrar shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of Holders. Following the exchange of beneficial interests in Global Notes for Definitive Registered Notes, the Issuer shall furnish, or cause the Registrar to furnish, to
the Trustee, the Transfer Agent and the Paying Agent in writing at least five Business Days before each interest payment date, and at such other times as the Trustee or Paying Agent may reasonably require, the names and addresses of Holders of such
Definitive Registered Notes. 
 SECTION 2.07 Transfer and Exchange. The Notes shall initially be issued in registered form and shall
be transferable only upon the surrender of a Note for registration of transfer and in compliance with Exhibit A-1. When a Note is presented to the Registrar or Transfer Agent, as the case may be, with a request to register a transfer, the Registrar
or the Transfer Agent, as the case may be, shall register the transfer as requested if its requirements therefor are met. When Notes are presented to the Registrar or the Transfer Agent, as the case may be, with a request to exchange them for an
equal principal amount of Notes of other denominations, the Registrar shall make the exchange as requested if the same requirements are met. To permit registration of transfers and exchanges, the Issuer shall execute and the Trustee or an
Authenticating Agent, upon receipt of an authentication order, shall authenticate Notes at the request of the Registrar or the Transfer Agent, as the case may 

  
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 be. The Issuer may require payment of a sum sufficient to pay all Taxes, assessments or other governmental
charges in connection with any transfer or exchange pursuant to this Section 2.07. The Issuer is not required to register the transfer or exchange of any Notes (i) for a period of 15 days prior to any date fixed for the redemption of the
Notes, (ii) for a period of 15 days immediately prior to the date fixed for selection of Notes to be redeemed in part, (iii) for a period of 15 days prior to the record date with respect to any interest payment date, or (iv) which the
Holder has tendered (and not withdrawn) for repurchase in connection with a Change of Control Offer or an Asset Disposition Offer. 
 Prior
to the due presentation for registration of transfer of any Note, the Issuer, the Trustee and each Agent may deem and treat the Person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of
principal of and (subject to Section 2 of the Notes) interest, if any, on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and none of the Issuer, the Trustee and each Agent shall be affected by notice to
the contrary. 
 Any Holder of a Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial interest in such
Global Note may be effected only through a book-entry system maintained by (a) the Holder of such Global Note (or its agent) or (b) any Holder of a beneficial interest in such Global Note, and that ownership of a beneficial interest in
such Global Note shall be required to be reflected in a book-entry. 
 All Notes issued upon any transfer or exchange pursuant to the terms
of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 

SECTION 2.08 Replacement Notes. If a mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that the Note has
been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee or an Authenticating Agent, upon receipt of an authentication order, shall authenticate a replacement Note if the requirements of Section 8-405 of the Uniform
Commercial Code are met, such that the Holder (a) notifies the Issuer or the Trustee within a reasonable time after such Holder has notice of such loss, destruction or wrongful taking and the Registrar does not register a transfer prior to
receiving such notification, (b) makes such request to the Issuer or the Trustee prior to the Note being acquired by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code (a “protected
purchaser”) and (c) satisfies any other reasonable requirements of the Trustee. If required by the Trustee, each Agent or the Issuer, such Holder shall furnish an indemnity bond sufficient in the judgment of the Trustee and the Issuer
to protect the Issuer, the Trustee, an Authenticating Agent and any Agent from any loss that any of them may suffer if a Note is replaced. The Issuer and the Trustee may charge the Holder for their expenses in replacing a Note including reasonable
fees and expenses of counsel. In the event any such mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the Issuer in its discretion may pay such Note instead of issuing a new Note in replacement
thereof. 
 Every replacement Note is an additional obligation of the Issuer. 

The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to
the replacement or payment of mutilated, lost, destroyed or wrongfully taken Notes. 

  
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 SECTION 2.09 Outstanding Notes. Notes outstanding at any time are all Notes authenticated
by the Trustee or an Authenticating Agent except for those canceled by either of them, those delivered to either of them for cancellation and those described in this Section as not outstanding. Subject to Section 12.04, a Note does not cease to
be outstanding because the Issuer or an Affiliate of the Issuer holds the Note. 
 If a Note is replaced pursuant to Section 2.08, it
ceases to be outstanding unless the Trustee and the Issuer receive proof satisfactory to them that the replaced Note is held by a protected purchaser. 

If the Paying Agent receives (or if the Issuer or a Restricted Subsidiary of the Issuer is acting as Paying Agent and such Paying Agent
segregates and holds in trust) in accordance with this Indenture, by 11:00 a.m. London time one Business Day prior to each redemption date or maturity date money sufficient to pay all principal and interest and premium, if any, payable on that date
with respect to the Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not, as advised to it in writing by the Issuer or, as the case may be, the Registrar, prohibited in writing from paying such
amount to the Holders on that date pursuant to the terms of this Indenture or the Intercreditor Agreement, then on and after that date such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 

SECTION 2.10 Temporary Notes. In the event that Definitive Registered Notes are to be issued under the terms of this Indenture, until
such Definitive Registered Notes are ready for delivery, the Issuer may prepare and the Trustee or an Authenticating Agent, upon receipt of an authentication order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the
form of Definitive Registered Notes but may have variations that the Issuer considers appropriate for temporary Notes. Without unreasonable delay, the Issuer shall prepare and the Trustee or an Authenticating Agent, upon receipt of an authentication
order, shall authenticate Definitive Registered Notes and deliver them in exchange for temporary Notes upon surrender of such temporary Notes at the office or agency of the Issuer, without charge to the Holder. 

SECTION 2.11 Cancellation. The Issuer at any time may deliver Notes to the Registrar for cancellation. The Paying Agent, Transfer Agent
and the Trustee shall forward to the Registrar any Notes surrendered to them for registration of transfer, exchange or payment. The Registrar or the Paying Agent (or an agent authorized by the Registrar) and no one else shall cancel all Notes
surrendered for registration of transfer, exchange, payment or cancellation and shall dispose of canceled Notes in accordance with its customary procedures or deliver canceled Notes to the Issuer pursuant to written direction by an Officer of the
Issuer. Certification of the destruction of all canceled Notes shall be delivered to the Issuer. The Issuer may not issue new Notes to replace Notes it has redeemed or delivered to the Registrar for cancellation. If the Issuer shall acquire any of
the Notes, such acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by such Notes, unless and until the same are surrendered to the Registrar for cancellation pursuant to this Section 2.11. Neither the
Trustee nor any Authenticating Agent shall authenticate Notes in place of canceled Notes other than pursuant to the terms of this Indenture. 

SECTION 2.12 Common Codes and ISINs. The Issuer in issuing the Notes may use Common Codes and ISINs (if then generally in use) and, if
so, the Trustee and Agents shall use Common Codes and ISINs in notices of redemption as a convenience to Holders; provided, however, that any such notice may state that no representation is made as

  
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to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on
the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Issuer will promptly notify the Trustee and the Paying Agent of any change in the Common Code or ISINs. 

SECTION 2.13 Defaulted Interest. If the Issuer defaults in a payment of interest on the Notes, it will pay the defaulted interest in
any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.12 hereof. The Issuer
will notify the Trustee as soon as practicable in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Issuer will fix or cause to be fixed each such special record date and payment
date; provided that no such special record date may be less than 10 days prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Issuer (or, upon the written request of the Issuer,
the Trustee in the name and at the expense of the Issuer) will mail or cause to be mailed to the Holders in accordance with Section 12.01 a notice that states the special record date, the related payment date and the amount of such interest to
be paid. The Issuer undertakes to promptly inform the Luxembourg Stock Exchange (for so long as the Notes are listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market thereof) of any such special
record date. 
 SECTION 2.14 Currency. The euro is the sole currency of account and payment for all sums payable by the Issuer and
the Guarantors under or in connection with the Notes and the Notes Guarantees of the Notes, if any, including damages. Any amount received or recovered in a currency other than euro, whether as a result of, or the enforcement of, a judgment or order
of a court of any jurisdiction, in the winding-up or dissolution of the Issuer, any Guarantor or otherwise by any Holder or by the Trustee, in respect of any sum expressed to be due to it from the Issuer or a Guarantor will only constitute a
discharge to the Issuer or such Guarantor, as applicable, to the extent of the euro amount which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is
not practicable to make that purchase on that date, on the first date on which it is practicable to do so). 
 If that euro amount is less
than the euro amount expressed to be due to the recipient or the Trustee under any Note, the Issuer and the Guarantors will indemnify them against any loss sustained by such recipient or the Trustee as a result. In any event, the Issuer and the
Guarantors will indemnify the recipient or the Trustee on a joint and several basis against the cost of making any such purchase. For the purposes of this Section 2.14 provision, it will be prima facie evidence of the matter stated therein for
the Holder of a Note or the Trustee to certify in a manner reasonably satisfactory to the Issuer (indicating the sources of information used) the loss it Incurred in making any such purchase. These indemnities constitute a separate and independent
obligation from the Issuer’s and the Guarantors’ other obligations, will give rise to a separate and independent cause of action, will apply irrespective of any waiver granted by any Holder of a Note or the Trustee (other than a waiver of
the indemnities set out herein) and will continue in full force and effect despite any other judgment, order, claim or proof for a liquidated amount in respect of any sum due under any Note or any Notes Guarantee of a Note, or to the Trustee. 

  
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 Except as otherwise specifically set forth herein, for purposes of determining compliance with
any euro-denominated restriction herein, the Euro Equivalent amount for purposes hereof that is denominated in a non-euro currency shall be calculated based on the relevant currency exchange rate in effect on the date such non-euro amount is
Incurred or made, as the case may be. 
 ARTICLE III 

Redemption 
 SECTION 3.01
Notices to Trustee and Paying Agents. If the Issuer elects to redeem Notes pursuant to Section 5 or Section 6 of the Notes, it shall notify, before the publication of the notice of such redemption, the Trustee and the Paying Agent
of the redemption date and the principal amount of Notes to be redeemed and the section of the Note pursuant to which the redemption will occur. 

In the case of a redemption provided for by Section 6 of the Notes, prior to the publication or mailing of any notice of redemption of
any Notes pursuant to the foregoing, the Issuer will deliver to the Registrar, Trustee and the Paying Agent (a) an Officer’s Certificate stating that it is entitled to effect such redemption and setting forth a statement of facts showing
that the conditions precedent to its right so to redeem have been satisfied and (b) an opinion of an independent tax counsel of recognized standing qualified under the laws of the Relevant Tax Jurisdiction to the effect that there has been such
amendment or change as described in Section 6 of the Notes that would entitle the Issuer to redeem the Notes thereunder. The Registrar, Trustee and the Paying Agent will accept such Officer’s Certificate and opinion as sufficient existence
of the satisfaction of the conditions precedent described above, without further enquiry, in which event it will be conclusive and binding on the Holders. Any such notice may be canceled at any time prior to notice of such redemption being mailed to
any Holder and shall thereby be void and of no effect. 
 SECTION 3.02 Selection of Notes To Be Redeemed or Repurchased. If less than
all of the Notes are to be redeemed at any time, the Paying Agent or the Registrar will select the Notes for redemption in compliance with the requirements of the principal securities exchange, if any, on which such Notes are listed, and in
compliance with the requirements of Euroclear and Clearstream, or if such Notes are not so listed or such exchange prescribes no method of selection and such Notes are not held through Euroclear or Clearstream, or Euroclear or Clearstream prescribes
no method of selection, on a pro rata basis; provided, however, that no Note of €100,000 in aggregate principal amount or less shall be redeemed in part and only Notes in integral multiples of €1,000 will be redeemed.
None of the Paying Agent, the Registrar or the Trustee will be liable for any selections made in accordance with this Section 3.02. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called
for redemption. The Paying Agent or Registrar, as the case may be, shall notify the Issuer and the Trustee promptly of the Notes or portions of Notes to be redeemed. 

SECTION 3.03 Notice of Redemption. Subject to Section 3.03(b) below, not less than 10 days but not more than 60 days before a date
for redemption of Notes, the Issuer shall transmit to each Holder (with a copy to the Trustee and Registrar) a notice of redemption in accordance with Section 12.01; provided, however, that any notice of a redemption provided for
by Section 5 of the Note may be subject to one or more conditions precedent, and such notice may state that in the Issuer’s discretion, the redemption date may 

  
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 be delayed until such time as any or all such conditions shall be satisfied (provided, however
that, in any case, each redemption date shall be no more than 60 days from the date at which such notice is first given), or such redemption may not occur and such notice may be rescinded in the event that that any or all such conditions shall not
have been satisfied by the redemption date, or by the redemption date so delayed; provided further that any notice of a redemption provided for by Section 6 of the Notes shall not be given earlier than 60 days prior to the earliest date
on which the Payor would be obligated to make a payment of Additional Amounts unless at the time such notice is given, the obligation to pay such Additional Amounts remains in effect. In addition, so long as the Notes are listed on the Luxembourg
Stock Exchange and the rules of the Luxembourg Stock Exchange so require, the Issuer or KP Parent shall publish notice of redemption in a daily newspaper with general circulation in Luxembourg (which is expected to be the Luxemburger Wort).
Such notice of redemption may instead be published on the website of the Luxembourg Stock Exchange (www.bourse.lu). In addition to such publication, if such Notes are in definitive certificated form, not less than 10 nor more than 60 days
prior to the redemption date, the Issuer shall mail such notice to Holders by first-class mail, postage prepaid, at their respective addresses as they appear on the registration books of the Registrar. 

(a) The notice shall identify the Notes to be redeemed and shall state: 

(i) the redemption date and the record date; 

(ii) the redemption price, and, if applicable, the appropriate calculation of such redemption price and the amount of
accrued interest to the redemption date; 
 (iii) the name and address of the Paying Agent; 

(iv) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(v) if fewer than all the outstanding Notes are to be redeemed, the certificate numbers and principal amounts of the
particular Notes to be redeemed; 
 (vi) that, unless the Issuer defaults in making such redemption payment or the
Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture, interest on Notes (or portion thereof) called for redemption ceases to accrue on and after the redemption date; 

(vii) the Common Codes or ISINs, as applicable, if any, printed on the Notes being redeemed; 

(viii) the paragraph of the Notes or section of this Indenture pursuant to which the Notes are being redeemed; and 

(ix) that no representation is made as to the correctness or accuracy of the Common Codes or ISINs, as applicable, if any,
listed in such notice or printed on the Notes. 

  
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 (b) At the Issuer’s request, the Paying Agent shall give the notice of redemption in the
Issuer’s name and at the Issuer’s expense. In such event, the Issuer shall deliver to the Paying Agent, with a copy to the Trustee, at least 5 Business Days prior to the date on which notice of redemption is to be delivered to the Holders
(unless a shorter period is satisfactory to the Registrar), an Officer’s Certificate requesting that the Paying Agent give such notice and the information required and within the time periods specified by this Section. 

SECTION 3.04 Effect of Notice of Redemption. Once notice of redemption is delivered, Notes called for redemption cease to accrue
interest (unless the Issuer defaults in make such redemption payment or the Paying Agent is prohibited from making such payment under the terms of this Indenture), and become due and payable, on the redemption date and at the redemption price stated
in the notice; provided, however, that any notice of a redemption provided for by Section 5 of the Note may be subject to one or more conditions precedent, and such notice may state that in the Issuer’s discretion, the redemption
date may be delayed until such time as any or all such conditions shall be satisfied (provided, however that, in any case, each redemption date shall be no more than 60 days from the date on which such notice is first given), or such
redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the redemption date, or by the redemption date so delayed. Upon surrender to the Paying Agent, the Notes shall be
paid at the redemption price stated in the notice, plus accrued interest, if any, to, but not including, the redemption date; provided, however, that if the redemption date is after a regular record date and on or prior to the interest
payment date, the accrued interest shall be payable to the Holder of the redeemed Notes registered on the relevant record date. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other
Holder. 
 SECTION 3.05 Deposit of Redemption Price. No later than 11:00 a.m. London time on the Redemption Date, the Issuer shall
deposit with the Paying Agent (or, if the Issuer or a Restricted Subsidiary of the Issuer is the Paying Agent, shall segregate and hold in trust) money in immediately available funds sufficient to pay the redemption or purchase price of and accrued
interest on all Notes or portions thereof to be redeemed on that date other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Registrar for cancellation. On and after the redemption date, interest
shall cease to accrue on Notes or portions thereof called for redemption so long as the Issuer has deposited with the Paying Agent funds sufficient to pay the redemption or purchase price of, plus accrued and unpaid interest and Additional Amounts,
if any, on, the Notes to be redeemed, unless the Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture. For the avoidance of doubt, the Paying Agent and the Trustee shall be held harmless and have no liability
with respect to payments or disbursements to be made by the Paying Agent and Trustee (i) for which payment instructions are not made or that are not otherwise deposited by the respective times set forth in this Section 3.05, and
(ii) until they have confirmed receipt of funds sufficient to make the relevant payment. 
 SECTION 3.06 Notes Redeemed in Part.
Subject to the terms hereof, upon surrender of a Note that is redeemed in part, the Issuer shall execute and the Trustee or an Authenticating Agent shall authenticate for the Holder (at the Issuer’s expense) a new Note equal in principal amount
to the unredeemed portion of the Note surrendered. 

  
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 ARTICLE IV 

Covenants 
 SECTION 4.01
Indebtedness. 
 (a) KP Parent will not, and will not permit any of its Restricted Subsidiaries to, Incur any Indebtedness (including
Acquired Indebtedness); provided, however, that KP Parent and any Restricted Subsidiary may Incur Indebtedness (including Acquired Indebtedness) if on the date of such Incurrence, after giving pro forma effect to the Incurrence of such
Indebtedness (including pro forma application of the proceeds thereof), for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such Indebtedness is
Incurred, the Fixed Charge Coverage Ratio for KP Parent and its Restricted Subsidiaries would have been at least 2.0 to 1.0. 
 (b) Section
4.01(a) will not prohibit the Incurrence of the following Indebtedness (“Permitted Debt”): 
 (i)
Indebtedness Incurred pursuant to any Credit Facility (including in respect of letters of credit or bankers’ acceptances issued or created thereunder), and any Refinancing Indebtedness in respect thereof and Guarantees in respect of such
Indebtedness in a maximum aggregate principal amount at any time outstanding not exceeding (a) the greater of €250.0 million and 20.0% of Total Assets, plus (b) in the case of any refinancing of any Indebtedness permitted
under this Section 4.01(b)(i) or any portion thereof, the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses Incurred in connection with such refinancing; 

(ii) (A) Guarantees by KP Parent or any Restricted Subsidiary of Indebtedness of KP Parent or any Restricted Subsidiary,
so long as the Incurrence of such Indebtedness being guaranteed is permitted to be Incurred by another provision of this covenant; provided that, if the Indebtedness being guaranteed is subordinated to or pari passu with the Notes or a
Notes Guarantee, then the guarantee must be subordinated to or pari passu with the Notes or such Notes Guarantee to the same extent as the Indebtedness being guaranteed; or 

(B) without limiting the provisions of Section 4.03 Indebtedness arising by reason of any Lien granted by or
applicable to such Person securing Indebtedness of KP Parent or any Restricted Subsidiary so long as the Incurrence of such Indebtedness is permitted under the terms of this Indenture; 

  
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 (iii) Indebtedness of KP Parent owing to and held by any Restricted Subsidiary or
Indebtedness of a Restricted Subsidiary owing to and held by KP Parent or any Restricted Subsidiary; provided, however, that: 

(A) if the Issuer or a Guarantor is the obligor on any such Indebtedness and the lender is not the Issuer or a Guarantor, such
Indebtedness is unsecured and, if the aggregate principal amount of such Indebtedness of the Issuer or such Guarantor exceeds €1.0 million ((i) except in respect of the intercompany current liabilities incurred in the ordinary course of
business in connection with the cash management operations of KP Parent and the Restricted Subsidiaries and (ii) only to the extent legally permitted (KP Parent and the Restricted Subsidiaries having completed all procedures required in the
reasonable judgment of directors or officers of the obligee or obligor to protect such Persons from any penalty or civil or criminal liability in connection with the subordination of such Indebtedness)), expressly subordinated to the prior payment
in full in cash of all obligations with respect to the Notes, in the case of the Issuer, or the applicable Notes Guarantee, in the case of a Guarantor, pursuant to the Intercreditor Agreement or any Additional Intercreditor Agreement; and 

(B) (x) any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness
being beneficially held by a Person other than KP Parent or a Restricted Subsidiary and (y) any sale or other transfer of any such Indebtedness to a Person other than KP Parent or a Restricted Subsidiary, shall be deemed, in each case, to
constitute an Incurrence of such Indebtedness not permitted by Section 4.01(b)(iii) by KP Parent or such Restricted Subsidiary, as the case may be; 

(iv) (A) Indebtedness represented by the Notes (other than any Additional Notes) and the related Notes Guarantees
(including any future Notes Guarantees) outstanding on the Issue Date, (B) any Indebtedness of KP Parent or any Restricted Subsidiary (other than Indebtedness described in Section 4.01(b)(iii) or described in Section 4.01(b)(iii)(E)
below) outstanding on the Issue Date after giving effect to the Transactions, including Indebtedness under the New First Lien Term Loans; (C) Refinancing Indebtedness Incurred in respect of any Indebtedness described in clauses (A),
(B) and (C) of this Section 4.01(b)(iv) and Section 4.01(b)(v)) of this paragraph or Incurred pursuant to Section 4.01(a), (D) Management Advances; and (E) prior to August 1, 2015, the Existing Senior Secured
Notes pending their redemption; 
 (v) Indebtedness (A) of any Person outstanding on the date on which such Person
becomes a Restricted Subsidiary of KP Parent or any Restricted Subsidiary or is merged, consolidated, amalgamated or otherwise combined with (including pursuant to any acquisition of assets and assumption of related liabilities) KP Parent or any
Restricted Subsidiary or (B) Incurred to provide all or a portion of the funds utilized to consummate the transaction or series of related transactions pursuant to which any Person became a Restricted Subsidiary or was otherwise acquired by KP
Parent or a Restricted Subsidiary; provided that, with respect to this Section 4.01(b)(v), that at the time of such acquisition or other transaction, either (1) KP Parent would have been able to Incur €1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test in Section 4.01(a) after giving pro forma effect to the relevant acquisition and the Incurrence of such Indebtedness pursuant to this Section 4.01(b)(v) or (2) the
Fixed Charge Coverage Ratio for KP Parent 

  
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and its Restricted Subsidiaries for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding such date would not be less than
it was immediately prior to giving effect to such acquisition or other transaction and related Incurrence of Indebtedness pursuant to this Section 4.01(b)(v); 

(vi) Indebtedness under Currency Agreements, Interest Rate Agreements and Commodity Hedging Agreements not for speculative
purposes (as determined in good faith by the Board of Directors or a member of Senior Management of KP Parent); 
 (vii)
Indebtedness consisting of (A) Capitalized Lease Obligations, mortgage financings, Purchase Money Obligations or other financings, Incurred for the purpose of financing all or any part of the purchase price or cost of construction or
improvement of property, plant or equipment used in a Similar Business or (B) Indebtedness otherwise Incurred to finance the purchase, lease, rental or cost of design, construction, installation or improvement of property (real or personal) or
equipment that is used or useful in a Similar Business, whether through the direct purchase of assets or the Capital Stock of any Person owning such assets, and any Indebtedness which refinances, replaces or refunds such Indebtedness, in an
aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this Section 4.01(b)(vii) and then outstanding, will not exceed at any time outstanding the greater of
€50.0 million or 4.0% of Total Assets, so long as the Indebtedness exists on the date of such purchase, lease, rental or improvement or is created within 180 days thereafter; 

(viii) Indebtedness in respect of (a) workers’ compensation claims, self-insurance obligations, unemployment
insurance (including premiums related thereto), other types of social security, pension obligations, vacation pay, health, disability or other employee benefits (including, without limitations any Indebtedness incurred pursuant to Section 8(a)
of the German Old Age Employees Part Time Act (Altersteilzeitgesetz) or Section 7e of the Fourth Book of the German Social Code (Sozialgesetzbuch IV)), performance, indemnity, surety, judgment, appeal, advance payment, customs,
VAT or other tax (including interest and penalties with respect thereto) or other guarantees or other similar bonds, instruments or obligations and completion guarantees and warranties provided by KP Parent or a Restricted Subsidiary or relating to
liabilities, obligations or guarantees Incurred in the ordinary course of business or in respect of any governmental requirement; (b) letters of credit, bankers’ acceptances, guarantees or other similar instruments or obligations issued or
relating to liabilities or obligations Incurred in the ordinary course of business or in respect of any governmental requirement, provided, however, that upon the drawing of such letters of credit or other similar instruments, the obligations are
reimbursed within 30 days following such drawing; (c) the financing of insurance premiums in the ordinary course of business; (d) any customary cash management, cash pooling or netting or setting off arrangements, including customary
credit card facilities, in the ordinary course of business; and (e) Indebtedness representing (i) deferred compensation to 

  
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current or former directors, officers, employees, members of management, managers and consultants of any Parent, KP Parent or any of its Subsidiaries in the ordinary course of business and
(ii) deferred compensation or other similar arrangements in connection with the Transactions or any other Investment or acquisition permitted hereby; 

(ix) Indebtedness arising from agreements providing for customary guarantees, indemnification, obligations in respect of
earnouts or other adjustments of purchase price or, in each case, similar obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of any business or assets or Person or any Capital Stock of a Subsidiary
(other than Guarantees of Indebtedness Incurred by any Person acquiring or disposing of such business or assets or such Subsidiary for the purpose of financing such acquisition or disposition); provided that the maximum liability of KP Parent
and its Restricted Subsidiaries in respect of all such Indebtedness shall at no time exceed the gross proceeds, including the fair market value of non-cash proceeds (measured at the time received and without giving effect to any subsequent changes
in value), actually received by KP Parent and its Restricted Subsidiaries in connection with such disposition; 

(x) (A) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar
instrument drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within 30 Business Days of Incurrence; 

(B) (1) customer deposits and advance payments received in the ordinary course of business from customers for goods
or services purchased in the ordinary course of business and (2) Indebtedness consisting of obligations owing under any customer or supplier incentive, supply, license or similar agreements entered into in the ordinary course of business; 

(C) Indebtedness owed on a short-term basis of no longer than 30 days to banks and other financial institutions Incurred
in the ordinary course of business of KP Parent and its Restricted Subsidiaries with such banks or financial institutions that arises in connection with ordinary banking arrangements to manage cash balances of KP Parent and its Restricted
Subsidiaries; and 
 (D) Indebtedness Incurred by a Restricted Subsidiary in connection with bankers acceptances,
discounted bills of exchange or the discounting or factoring of receivables for credit management of bad debt purposes, in each case Incurred or undertaken in the ordinary course of business; 

(xi) Indebtedness Incurred in a Qualified Receivables Financing; 

(xii) Indebtedness in an aggregate outstanding principal amount which, when taken together with any Refinancing
Indebtedness in respect thereof and the principal amount of all other Indebtedness Incurred pursuant to this Section 4.01(b)(xii) and then outstanding, will not exceed 100% of the Net 

  
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Cash Proceeds received by KP Parent from the issuance or sale (other than to a Restricted Subsidiary) of its Subordinated Shareholder Funding or Capital Stock (other than Disqualified Stock,
Designated Preference Shares, Excluded Amounts or an Excluded Contribution) or otherwise contributed to the equity (other than through, or funded with the proceeds from, the issuance of Disqualified Stock, Designated Preference Shares, Excluded
Amounts or an Excluded Contribution) of KP Parent, in each case, subsequent to the Issue Date; provided, however, that (A) any such Net Cash Proceeds that are so received or contributed shall be excluded for purposes of making Restricted
Payments under the Section 4.02(a) and Section 4.02(b)(i), Section 4.02(b)(vi) and Section 4.02(b)(x) to the extent KP Parent and its Restricted Subsidiaries Incur Indebtedness in reliance thereon and (B) any Net Cash
Proceeds that are so received or contributed shall be excluded for purposes of Incurring Indebtedness pursuant to this Section 4.02(b)(xiii) to the extent KP Parent or any of its Restricted Subsidiaries makes a Restricted Payment under
Section 4.02(a) and Section 4.02(b)(i), Section 4.02(b)(vi) and Section 4.02(b)(x) in reliance thereon; 

(xiii) Indebtedness in an aggregate outstanding principal amount which, when taken together with any Refinancing
Indebtedness in respect thereof and the principal amount of all other Indebtedness Incurred pursuant to this Section 4.02(b)(xiii) and then outstanding, will not exceed the greater of €50.0 million and 4.0% of Total Assets; 

(xiv) Indebtedness arising from guarantees by KP Parent or any Restricted Subsidiary granted to any trustee of any
management equity plan or stock option plan or any other management or employee benefit or incentive plan or unit trust scheme approved by the Board of Directors of KP Parent, so long as the proceeds of the Indebtedness so guaranteed are used to
purchase Capital Stock of KP Parent (other than Disqualified Stock); provided that the amount of any Net Cash Proceeds from the sale of such Capital Stock of KP Parent will be excluded from Section 4.02(a)(C)(2) and
Section 4.02(a)(C)(3) and will not be considered to be Net Cash Proceeds from an Equity Offering for purposes of the “Optional Redemption” provisions of this Indenture; and 

(xv) Indebtedness Incurred by KP Parent or any Restricted Subsidiary consisting of local lines of credit, overdraft
facilities or local working capital facilities in an aggregate principal amount at any time outstanding not to exceed €100.0 million. 

Notwithstanding the foregoing, the aggregate principal amount of Indebtedness Incurred by Restricted Subsidiaries that are not Guarantors
pursuant to Section 4.01(a) and clauses (i), (v), (xii) and (xv) of this Section 4.01(b) at any time outstanding shall not exceed the greater of €125.0 million and 10.0% of Total Assets at any time. 

(c) For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and
in compliance with, this Section 4.01: 
 (i) in the event that Indebtedness meets the criteria of more than one of
the types of Indebtedness described in Section 4.01(a) and Section 4.01(b), KP Parent, in its sole discretion, will classify, and may from time to time reclassify, such item of Indebtedness and only be required to include the amount and type of
such Indebtedness in one (or more, if applicable) of the clauses under Section 4.01(a) or Section 4.01(b); 

  
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 (ii) all Indebtedness Incurred on the Issue Date under the New Revolving Credit
Facility shall be deemed initially Incurred under Section 4.01(b)(i), and may not be reclassified; 
 (iii) Guarantees of, or
obligations in respect of letters of credit, bankers’ acceptances or other similar instruments relating to, or Liens securing, Indebtedness that is otherwise included in the determination of a particular amount of Indebtedness shall not be
included; 
 (iv) if obligations in respect of letters of credit, bankers’ acceptances or other similar instruments are
Incurred pursuant to any Credit Facility and are being treated as Incurred pursuant to clause (i), (vii), (xii), (xiii) or (xv) of Section 4.01(b) or Section 4.01(a) and the letters of credit, bankers’ acceptances or other
similar instruments relate to other Indebtedness, then such other Indebtedness shall not be included; 
 (v) the principal
amount of any Disqualified Stock of KP Parent or a Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary, will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any
redemption or repurchase premium) or the liquidation preference thereof; 
 (vi) Indebtedness permitted by this
Section 4.01 need not be permitted solely by reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this Section 4.01 permitting such
Indebtedness; and 
 (vii) the amount of Indebtedness (A) issued at a price that is less than the principal amount
thereof will be equal to the amount of the liability in respect thereof determined on the basis of IFRS and (B) shall be the principal amount, or liquidation preference thereof, in the case of any other Indebtedness. 

In any case where the amount of Indebtedness that may be incurred pursuant to any clause in Section 4.01(b) is or may be based on Total
Assets, the amount that may be Incurred under such clause shall be deemed to include all amounts necessary to renew, refund, refinance, replace, defease or discharge any Indebtedness Incurred pursuant to such clause. 

Accrual of interest, accrual of dividends, the accretion of accreted value, the accretion or amortization of original issue discount, the
payment of interest in the form of additional Indebtedness, the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock or the reclassification of commitments or obligations not treated as Indebtedness due to a
change in IFRS will not be deemed to be an Incurrence of Indebtedness for purposes of this Section 4.01. 

  
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 If at any time an Unrestricted Subsidiary becomes a Restricted Subsidiary, any Indebtedness of
such Subsidiary shall be deemed to be Incurred by a Restricted Subsidiary of KP Parent as of such date (and, if such Indebtedness is not permitted to be Incurred as of such date under this Section 4.01, KP Parent shall be in Default of this
Section 4.01). 
 For purposes of determining compliance with any euro-denominated restriction on the Incurrence of Indebtedness, the
Euro Equivalent of the principal amount of Indebtedness denominated in another currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term Indebtedness, or first
committed or first Incurred (which ever yields the lower Euro Equivalent), in the case of Indebtedness Incurred under a revolving Credit Facility or Qualified Receivables Financing; provided that (a) if such Indebtedness is Incurred to
refinance other Indebtedness denominated in a currency other than euro, and such refinancing would cause the applicable euro-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such
refinancing, such euro-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such Refinancing Indebtedness does not exceed the amount set forth in clause (2) of the definition of
“Refinancing Indebtedness”; (b) the Euro Equivalent of the principal amount of any such Indebtedness outstanding on the Issue Date shall be calculated based on the relevant currency exchange rate in effect on the Issue Date;
and (c) if any such Indebtedness that is denominated in a different currency is subject to a Currency Agreement (with respect to the euro) covering principal amounts payable on such Indebtedness, the amount of such Indebtedness expressed in
euro will be adjusted to take into account the effect of such agreement. 
 Notwithstanding any other provision of this Section 4.01,
the maximum amount of Indebtedness that KP Parent or a Restricted Subsidiary may Incur pursuant to this Section 4.01 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount
of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing
Indebtedness is denominated that is in effect on the date of such refinancing. 
 SECTION 4.02 Limitation on Restricted Payments.

 (a) KP Parent will not, and will not permit any of its Restricted Subsidiaries, directly or indirectly, to: 

(i) declare or pay any dividend or make any other payment or distribution on or in respect of KP Parent or any Restricted
Subsidiary’s Capital Stock (including any payment in connection with any merger or consolidation involving KP Parent or any of its Restricted Subsidiaries) except: 

(A) dividends or distributions payable in Capital Stock of KP Parent (other than Disqualified Stock) or in options, warrants
or other rights to purchase such Capital Stock of KP Parent or in Subordinated Shareholder Funding; and 

  
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 (B) dividends or distributions payable to KP Parent or a Restricted Subsidiary
(and, in the case of any such Restricted Subsidiary making such dividend or distribution, to holders of its Capital Stock other than KP Parent or another Restricted Subsidiary on no more than a pro rata basis, measured by value); 

(ii) purchase, redeem, retire or otherwise acquire for value any Capital Stock of KP Parent or any direct or indirect Parent
Entity of KP Parent held by Persons other than KP Parent or a Restricted Subsidiary (other than in exchange for Capital Stock of KP Parent (other than Disqualified Stock)); 

(iii) make any principal payment on, or purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior
to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Indebtedness (other than (A) any such payment, purchase, repurchase, redemption, defeasance or other acquisition or retirement or in anticipation of
satisfying a sinking fund obligation, principal installment or final maturity, in each case, due within one year of the date of payment, purchase, repurchase, redemption, defeasance or other acquisition or retirement and (B) any Indebtedness
Incurred pursuant to Section 4.01(b)(iii); 
 (iv) make any payment (whether of principal, interest or other amounts)
on, or purchase, repurchase, redeem, defease or otherwise acquire or retire for value any Subordinated Shareholder Funding (other than any payment of interest thereon in the form of additional Subordinated Shareholder Funding); or 

(v) make any Restricted Investment in any Person, 

(each such dividend, distribution, payment, purchase, redemption, repurchase, defeasance, other acquisition, retirement or Restricted Investment referred to in
clauses (i) through (v) of this Section 4.02(a) is referred to herein as a “Restricted Payment”), if at the time KP Parent or such Restricted Subsidiary makes such Restricted Payment: 

(A) a Default shall have occurred and be continuing (or would result immediately thereafter therefrom); 

(B) KP Parent is not able to Incur an additional €1.00 of Indebtedness pursuant to the Fixed Charge Coverage Ratio test
as set forth in Section 4.01(a) after giving effect, on a pro forma basis, to such Restricted Payment; or 
 (C)
the aggregate amount of such Restricted Payment and all other Restricted Payments made subsequent to the Issue Date (and not returned or rescinded) (including Permitted Payments permitted by Section 4.02(b)(v), Section 4.02(b)(x) and
Section 4.02(b)(xvi), but excluding all other Restricted Payments permitted by Section 4.02(b) would exceed the sum of (without duplication): 

(1) 50% of Consolidated Net Income for the period (treated as one accounting period) from the first day of the fiscal quarter
commencing immediately prior to the Issue Date to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which internal consolidated financial statements of KP Parent are available (or, in the case such
Consolidated Net Income is a deficit, minus 100% of such deficit); 

  
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 (2) 100% of the aggregate Net Cash Proceeds, and the fair market value (as
determined in accordance with the next succeeding paragraph) of property or assets or marketable securities, received by KP Parent from the issue or sale of its Capital Stock (other than Disqualified Stock or Designated Preference Shares) or
Subordinated Shareholder Funding subsequent to the Issue Date or otherwise contributed to the equity (other than through the issuance of Disqualified Stock or Designated Preference Shares) of KP Parent subsequent to the Issue Date (other than
(v) Subordinated Shareholder Funding or Capital Stock in each case sold to a Subsidiary of KP Parent, (w) Net Cash Proceeds or property or assets or marketable securities received from an issuance or sale of such Capital Stock to a
Restricted Subsidiary or an employee stock ownership plan or trust established by KP Parent or any Subsidiary of KP Parent for the benefit of its employees to the extent funded by KP Parent or any Restricted Subsidiary, (x) Net Cash Proceeds or
property or assets or marketable securities to the extent that any Restricted Payment has been made from such proceeds in reliance on Section 4.02(b)(vi) and (y) Excluded Contributions; 

(3) 100% of the aggregate Net Cash Proceeds, and the fair market value of property or assets or marketable securities,
received by KP Parent or any Restricted Subsidiary from the issuance or sale (other than to KP Parent or a Restricted Subsidiary or an employee stock ownership plan or trust established by KP Parent or any Subsidiary of KP Parent for the benefit of
its employees to the extent funded by KP Parent or any Restricted Subsidiary) by KP Parent or any Restricted Subsidiary subsequent to the Issue Date of any Indebtedness that has been converted into or exchanged for Capital Stock of KP Parent (other
than Disqualified Stock or Designated Preference Shares) or Subordinated Shareholder Funding (plus the amount of any cash, and the fair market value (as determined in accordance with the next succeeding paragraph) of property or assets or marketable
securities, received by KP Parent or any Restricted Subsidiary upon such conversion or exchange) but excluding (w) Disqualified Stock or Indebtedness issued or sold to a Subsidiary of KP Parent, (x) Net Cash Proceeds to the extent that any
Restricted Payment has been made from such proceeds in reliance on Section 4.02(b)(vi) and (y) Excluded Contributions; 

  
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 (4) 100% of the aggregate Net Cash Proceeds, and the fair market value of
property or assets or marketable securities, received by KP Parent or any Restricted Subsidiary from the disposition of any Investment in any Unrestricted Subsidiary or the disposition or repayment of any Investment constituting a Restricted Payment
made after the Issue Date (other than a disposition to KP Parent or a Restricted Subsidiary of KP Parent or an employee stock ownership plan or trust established by KP Parent or any Subsidiary of KP Parent for the benefit of its employees to the
extent funded by KP Parent or any Restricted Subsidiary), excluding the amount of any Investment in such Unrestricted Subsidiary that constituted a Permitted Investment made pursuant to clause (11) of the definition of “Permitted
Investment” to the extent such amount replenishes the amounts available pursuant to such clause; 
 (5) in the
event that either (a) an Unrestricted Subsidiary (designated as such subsequent to the Issue Date) is redesignated as a Restricted Subsidiary, (b) all of the assets of such Unrestricted Subsidiary are transferred to KP Parent or a
Restricted Subsidiary or (c) such Unrestricted Subsidiary is merged or consolidated into KP Parent or a Restricted Subsidiary, 100% of the amount received in cash and the fair market value of any property or marketable securities received by KP
Parent or any Restricted Subsidiary in respect of such redesignation, merger, consolidation or transfer of assets, excluding the amount of any Investment in such Unrestricted Subsidiary that constituted a Permitted Investment made pursuant to clause
(11) of the definition of “Permitted Investment;” to the extent such amount replenishes the amounts available pursuant to such clause; and 

(6) 100% of any dividends or distributions received by KP Parent or a Restricted Subsidiary after the Issue Date from an
Unrestricted Subsidiary, 
 provided, however, that no amount will be included in Consolidated Net Income for purposes of Section 4.02(a)(C)(1)
to the extent that it is (at KP Parent’s option) included in Section 4.02(a)(C)(4), Section 4.02(a)(C)(5) or Section 4.02(a)(C)(6). Notwithstanding the foregoing, any amounts (such amounts, “Excluded Amounts”)
that would otherwise be included in the calculation of the amount available for Restricted Payments pursuant to Section 4.02(a)(C) will not be included to the extent (i) such amounts result from the receipt of Net Cash Proceeds from the
issuance or sale of Capital Stock of KP Parent or Subordinated Shareholder Funding or otherwise contributed to the equity of KP Parent, in each case, in contemplation of or in connection with (and in any case within 30 days prior to) an event that
would otherwise constitute a Change of Control (whether or not such event would constitute a Specified Change of Control Event) pursuant to the definition thereof, (ii) the purpose of the Net Cash Proceeds was to reduce the Consolidated Net
Leverage Ratio so that there would be a Specified Change of Control Event that would not have been achieved without the 

  
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 receipt of such Net Cash Proceeds and (iii) no Change of Control Offer is made in accordance with the terms
of this Indenture, unless, in any case, such Net Cash Proceeds are used to prepay, repay, retire, purchase or redeem Indebtedness (and if such Indebtedness is revolving Indebtedness, permanently reduce any related commitment). 

(b) The foregoing provisions will not prohibit any of the following (collectively, “Permitted Payments”): 

(i) any Restricted Payment made by exchange (including any such exchange pursuant to the exercise of a conversion right or
privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out of the proceeds of the substantially concurrent sale (other than to a Subsidiary of KP Parent) of, Capital Stock of KP Parent (other than
Disqualified Stock or Designated Preference Shares or Excluded Amounts), Subordinated Shareholder Funding or a substantially concurrent contribution to the equity (other than through the issuance of Disqualified Stock or Designated Preference Shares
or through Excluded Amounts or an Excluded Contribution) of KP Parent; provided, however, that to the extent so applied, the Net Cash Proceeds, or fair market value (as determined in accordance with the preceding sentence) of property or
assets or of marketable securities, from such sale of Capital Stock or Subordinated Shareholder Funding or such contribution will be excluded from Section 4.02(a)(C)(2) and Section 4.02(a)(C)(3); 

(ii) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Indebtedness made
by exchange for, or out of the proceeds of the substantially concurrent sale of, Refinancing Indebtedness permitted to be Incurred pursuant to Section 4.01; 

(iii) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Preferred Stock of KP Parent
or a Restricted Subsidiary made by exchange for or out of the proceeds of the substantially concurrent sale of Disqualified Stock or Preferred Stock of KP Parent or a Restricted Subsidiary, as the case may be, that, in each case, is permitted to be
Incurred pursuant to Section 4.01; 
 (iv) any purchase, repurchase, redemption, defeasance or other acquisition or
retirement of Subordinated Indebtedness: 
 (A) from Net Available Cash to the extent permitted under
Section 4.05, but only (1) if the Issuer shall have first complied with Section 4.05 and purchased all Notes tendered pursuant to any offer to repurchase all the Notes required thereby, prior to purchasing, repurchasing, redeeming,
defeasing or otherwise acquiring or retiring such Subordinated Indebtedness and (2) at a purchase price not greater than 100% of the principal amount of such Subordinated Indebtedness plus accrued and unpaid interest; 

  
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 (B) following the occurrence of a Change of Control (or other similar event
described therein as a “change of control”), but only (1) if the Issuer shall have first complied with Section 4.14 and purchased all Notes tendered pursuant to the offer to repurchase all the Notes required thereby, prior
to purchasing, repurchasing, redeeming, defeasing or otherwise acquiring or retiring such Subordinated Indebtedness and (2) at a purchase price not greater than 101% of the principal amount of such Subordinated Indebtedness plus accrued and
unpaid interest; or 
 (C) (1) consisting of Acquired Indebtedness (other than Indebtedness Incurred (a) to
provide all or any portion of the funds utilized to consummate the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise acquired by KP Parent or a Restricted Subsidiary or
(b) otherwise in connection with or contemplation of such transaction or series of transactions) and (2) at a purchase price not greater than 100% of the principal amount of such Subordinated Indebtedness plus accrued and unpaid interest
and any premium required by the terms of such Acquired Indebtedness; 
 (v) any dividends paid within 60 days after the
date of declaration if at such date of declaration such dividend would have complied with this Section 4.02; 

(vi) the purchase, repurchase, redemption, defeasance or other acquisition, cancellation or retirement for value of
Capital Stock of KP Parent, any Restricted Subsidiary or any Parent Entity (including any options, warrants or other rights in respect thereof) and loans, advances, dividends or distributions by KP Parent to any Parent Entity to permit any Parent
Entity to purchase, repurchase, redeem, defease or otherwise acquire, cancel or retire for value Capital Stock of KP Parent, any Restricted Subsidiary or any Parent Entity (including any options, warrants or other rights in respect thereof), or
payments to purchase, repurchase, redeem, defease or otherwise acquire, cancel or retire for value Capital Stock of KP Parent, any Restricted Subsidiary or any Parent Entity (including any options, warrants or other rights in respect thereof), in
each case from Management Investors; provided that such payments, loans, advances, dividends or distributions do not exceed an amount (net of repayments of any such loans or advances) equal to (A) €10.0 million in any fiscal
year, with unused amounts permitted to be carried over to the next fiscal year, so long as the aggregate amount of Restricted Payments made pursuant to this clause (vi) does not exceed €20.0 million in any fiscal year (after giving
effect to such carry-over) plus (B) the Net Cash Proceeds received by KP Parent or its Restricted Subsidiaries since the Issue Date (including through receipt of proceeds from the issuance or sale of its Capital Stock or Subordinated
Shareholder Funding to a Parent Entity), or as a contribution to the equity (in each case under this Section 4.02(b)(vi), other than through the issuance of Disqualified Stock or Designated Preference Shares) of KP Parent from, the issuance or
sale to Management Investors of Capital Stock (including any options, warrants or other rights in respect thereof) plus (C) the Net Cash Proceeds of key man life insurance policies, in each case, to the extent such Net Cash Proceeds are
not included in any calculation under Section 4.02(a)(C)(2) or Section 

  
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4.02(a)(C)(3) and are not Excluded Contributions or Excluded Amounts; and provided further that cancellation of Indebtedness owing to KP Parent or any Restricted Subsidiary from members of
management, directors, employees or consultants of any Parent, KP Parent or Restricted Subsidiaries in connection with a repurchase of Capital Stock of KP Parent or any Parent will not be deemed to constitute a Restricted Payment for purposes of
this covenant or any other provision of this Indenture; 
 (vii) the declaration and payment of dividends to holders of any
class or series of Disqualified Stock, or of any Preferred Stock of a Restricted Subsidiary, Incurred in accordance with Section 4.01; 

(viii) purchases, repurchases, redemptions, defeasances or other acquisitions or retirements of Capital Stock deemed to
occur upon the exercise of stock options, warrants or other rights in respect thereof if such Capital Stock represents a portion of the exercise price thereof; 

(ix) dividends, loans, advances or distributions to any Parent Entity or other payments by KP Parent or any Restricted
Subsidiary in amounts equal to (without duplication): 
 (A) the amounts required for any Parent Entity, without
duplication, to pay any Parent Expenses or any Related Taxes; or 
 (B) amounts constituting or to be used for purposes
of making payments of fees and expenses Incurred (1) in connection with the Transactions or disclosed in the Offering Memorandum or (2) to the extent specified in Section 4.06(b)(ii), Section 4.06(b)(iii),
Section 4.06(b)(v), Section 4.06(b)(vii) and Section 4.06(b)(xi); 
 (x) so long as no Default or Event
of Default has occurred and is continuing (or would result therefrom), the declaration and payment by KP Parent of, or loans, advances, dividends or distributions to any Parent Entity to pay, dividends on the common stock or common equity interests
of KP Parent or any Parent Entity following a Public Offering of such common stock or common equity interests, in an amount not to exceed in any fiscal year the greater of (A) 6% of the Net Cash Proceeds received by KP Parent from such Public
Offering or contributed to the equity (other than through the issuance of Disqualified Stock or Designated Preference Shares or through Excluded Amounts or an Excluded Contribution) of KP Parent or contributed as Subordinated Shareholder Funding to
KP Parent and (B) following the Initial Public Offering, an amount equal to the greater of (1) 6% of the Market Capitalization and (2) 6% of the IPO Market Capitalization; provided that in the case of this clause (B) after
giving pro forma effect to such loans, advances, dividends or distributions, the Consolidated Net Leverage Ratio shall be equal to or less than 4.0 to 1.0; 

(xi) payments by the Issuer, or loans, advances, dividends or distributions to any Parent Entity to make payments, to
holders of Capital Stock of KP Parent or any Parent Entity in lieu of the issuance of fractional shares of such Capital Stock; provided, however, that any such payment, loan, 

  
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advance, dividend or distribution shall not be for the purpose of evading any limitation of this Section 4.02 or otherwise to facilitate any dividend or other return of capital to the
holders of such Capital Stock (as determined in good faith by the Board of Directors or a member of Senior Management of KP Parent); 

(xii) Restricted Payments in an aggregate amount outstanding at any time not to exceed the aggregate cash amount of
Excluded Contributions, or consisting of non-cash Excluded Contributions, or Investments in exchange for or using as consideration Investments previously made under this Section 4.02(b)(xii); 

(xiii) payment of any Receivables Fees and purchases of receivables and related assets pursuant to a Receivables
Repurchase Obligation in connection with a Qualified Receivables Financing; 
 (xiv) (A) the declaration and
payment of dividends to holders of any class or series of Designated Preference Shares of KP Parent issued after the Issue Date; and (B) the declaration and payment of dividends to any Parent Entity or any Affiliate thereof, the proceeds of
which will be used to fund the payment of dividends to holders of any class or series of Designated Preference Shares of such Parent Entity or Affiliate issued after the Issue Date; provided, however, that, in the case of clauses (A) and
(B), the amount of all dividends declared or paid pursuant to this Section 4.02(b)(xiv) shall not exceed the Net Cash Proceeds received by KP Parent or the aggregate amount contributed in cash to the equity (other than through the issuance of
Disqualified Stock or Excluded Amounts or an Excluded Contribution or, in the case of Designated Preference Shares by Parent Entity or an Affiliate, the issuance of Designated Preference Shares) of KP Parent or contributed as Subordinated
Shareholder Funding to KP Parent, as applicable, from the issuance or sale of such Designated Preference Shares; 

(xv) dividends or other distributions of Capital Stock, Indebtedness or other securities of Unrestricted Subsidiaries;

 (xvi) long as no Default or Event of Default has occurred and is continuing (or would result therefrom), any
dividend, distribution, loan or other payment to any Parent Entity; provided that, on the date of any such dividend, distribution, loan or other payment, the Consolidated Net Leverage Ratio for KP Parent and its Restricted Subsidiaries would
have been equal to or less than 3.5 to 1.0 on a pro forma basis after giving effect thereto; 
 (xvii) so long as
no Default or Event of Default has occurred and is continuing (or would result therefrom), Restricted Payments in an aggregate amount outstanding at any time not to exceed €45.0 million; 

(xviii) the making of any payments and any reimbursements as contemplated in the section entitled “Use of
Proceeds” in the Offering Memorandum; and 

  
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 (xix) Restricted Payments used to repay, repurchase or otherwise redeem
Subordinated Indebtedness in an amount not to exceed €20.0 million per year. 
 (c) The amount of all Restricted Payments (other
than cash) shall be the fair market value on the date of such Restricted Payment of the assets or securities proposed to be paid, transferred or issued by KP Parent or such Restricted Subsidiary, as the case may be, pursuant to such Restricted
Payment. The fair market value of any cash Restricted Payment shall be its face amount, and the fair market value of any non-cash Restricted Payment shall be determined conclusively by the Board of Directors of KP Parent acting in good faith. 

SECTION 4.03 Limitation on Liens. KP Parent will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create,
Incur or suffer to exist any Lien upon any of its property or assets (including Capital Stock of a Restricted Subsidiary), whether owned on the Issue Date or acquired after that date, or any interest therein or any income or profits therefrom, which
Lien is securing any Indebtedness (such Lien, the “Initial Lien”), except (a) in the case of any asset or property that does not constitute Collateral, (i) Permitted Liens or (ii) Liens on assets or property that are
not Permitted Liens if obligations under the Notes and this Indenture are directly secured equally and ratably with, or prior to, in the case of Liens with respect to Subordinated Indebtedness, the Indebtedness secured by such Initial Lien for so
long as such Indebtedness is so secured, and (b) in the case of any property or asset that constitutes Collateral, Permitted Collateral Liens. 

Any such Lien created in favor of the Notes pursuant to Section 4.03(a)(ii) will be automatically and unconditionally released and
discharged upon the release and discharge of the Initial Lien to which it relates. 
 SECTION 4.04 Limitation on Restrictions on
Distributions from Restricted Subsidiaries. 
 (a) KP Parent will not, and will not permit any Restricted Subsidiary to, create or
otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 

(i) pay dividends or make any other distributions in cash or otherwise on its Capital Stock or pay any Indebtedness or
other obligations owed to KP Parent or any Restricted Subsidiary, or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to KP Parent or any other Restricted Subsidiary; 

(ii) make any loans or advances to KP Parent or any Restricted Subsidiary; or 

(iii) sell, lease or transfer any of its property or assets to KP Parent or any Restricted Subsidiary, 

provided that (x) the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating
distributions being paid on common stock and (y) the subordination of (including the application of any standstill requirements to) loans or advances made to KP Parent or any Restricted Subsidiary to other Indebtedness Incurred by 

KP Parent or any Restricted Subsidiary shall not be deemed to constitute such an encumbrance or restriction. 

  
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 (b) The provisions of Section 4.04(a) will not prohibit: 

(i) any encumbrance or restriction pursuant to (A) any Credit Facility (including the Senior Secured Credit Facilities
Agreement), or the Intercreditor Agreement, any Additional Intercreditor Agreement or the Security Documents or (B) any other agreement or instrument, in each case described in (A) or (B), in effect at or entered into on the Issue Date;

 (ii) any encumbrance or restriction pursuant to an agreement or instrument of a Person or relating to any Capital
Stock or Indebtedness of a Person, entered into on or before the date on which such Person was acquired by or merged, consolidated or otherwise combined with or into KP Parent or any Restricted Subsidiary, or on which such agreement or instrument is
assumed by KP Parent or any Restricted Subsidiary in connection with an acquisition of assets (other than Capital Stock or Indebtedness Incurred as consideration in, or to provide all or any portion of the funds utilized to consummate, the
transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was acquired by KP Parent or was merged, consolidated or otherwise combined with or into KP Parent or any Restricted Subsidiary entered
into or in connection with such transaction) and outstanding on such date; provided that, for the purposes of this Section 4.04(b)(ii), if another Person is the successor Person (as described in Section 5.01), any Subsidiary thereof
or agreement or instrument of such Person or any such Subsidiary shall be deemed acquired or assumed by KP Parent or any Restricted Subsidiary when such Person becomes the such successor Person; provided further, that, in the case of
Indebtedness, such Indebtedness was permitted to be Incurred under this Indenture; 
 (iii) any encumbrance or
restriction pursuant to an agreement or instrument effecting a refinancing of Indebtedness Incurred pursuant to, or that otherwise refinances, an agreement or instrument referred to in clause (i) or (ii) of this Section 4.04(b) or
this Section 4.04(a)(iii) (an “Initial Agreement”) or contained in any amendment, supplement or other modification to an agreement referred to in clause (i) or (ii) of this Section 4.04(b) or this
Section 4.04(b)(iii); provided, however, that the encumbrances and restrictions with respect to such Restricted Subsidiary contained in any such agreement or instrument are no less favorable in any material respect to the Holders taken
as a whole than the encumbrances and restrictions contained in the Initial Agreement or Initial Agreements to which such refinancing or amendment, supplement or other modification relates (as determined in good faith by the Board of Directors or a
member of Senior Management of KP Parent); 
 (iv) any encumbrance or restriction: 

(A) that restricts in a customary manner the subletting, assignment or transfer of any property or asset that is subject
to a lease, license or similar contract, or the assignment or transfer of any lease, license or other contract; 

  
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 (B) contained in mortgages, charges, pledges or other security agreements
permitted under this Indenture or securing Indebtedness of KP Parent or a Restricted Subsidiary permitted under this Indenture to the extent such encumbrances or restrictions restrict the transfer of the property or assets subject to such mortgages,
charges, pledges or other security agreements; or 
 (C) pursuant to customary provisions restricting dispositions of
real property interests set forth in any reciprocal easement agreements of KP Parent or any Restricted Subsidiary; 

(v) any encumbrance or restriction pursuant to Purchase Money Obligations and Capitalized Lease Obligations permitted
under this Indenture, in each case, that impose encumbrances or restrictions on the property so acquired in the nature of those described in Section 4.04(a)(iii), or any encumbrance or restriction pursuant to a joint venture agreement that
imposes restrictions on the distribution or transfer of the assets or Capital Stock of the joint venture; 
 (vi) any
encumbrance or restriction with respect to a Restricted Subsidiary (or any of its property or assets) imposed pursuant to an agreement entered into for the direct or indirect sale or disposition to a Person of all or substantially all the Capital
Stock or assets of such Restricted Subsidiary (or the property or assets that are subject to such restriction) pending the closing of such sale or disposition; 

(vii) customary provisions in leases, licenses, joint venture agreements and other similar agreements and instruments
entered into in the ordinary course of business; 
 (viii) encumbrances or restrictions arising or existing by reason of
applicable law or any applicable rule, regulation or order, or required by any regulatory authority; 
 (ix) any
encumbrance or restriction on cash or other deposits or net worth imposed by customers under agreements entered into in the ordinary course of business; 

(x) any encumbrance or restriction pursuant to Currency Agreements, Interest Rate Agreements or Commodity Hedging
Agreements; 
 (xi) any encumbrance or restriction arising pursuant to an agreement or instrument (A) relating to
any Indebtedness permitted to be Incurred subsequent to the Issue Date pursuant to the provisions of Section 4.01 if the encumbrances and restrictions contained in any such agreement or instrument taken as a whole are not materially less
favorable to the Holders of the Notes than (1) the encumbrances and restrictions contained in the Senior Secured Credit Facilities Agreement, together with the Security Documents, and the Intercreditor Agreement, in each case, as in effect on
the Issue Date or (2) as is customary in comparable financings (as determined in good faith by the Board of Directors or a member of Senior Management of KP Parent) or (B) constituting an Additional Intercreditor Agreement; 

  
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 (xii) restrictions effected in connection with a Qualified Receivables
Financing that, in the good faith determination of the Board of Directors or a member of Senior Management of KP Parent, are necessary or advisable to effect such Qualified Receivables Financing; or 

(xiii) any encumbrance or restriction existing by reason of any Lien permitted under Section 4.03. 

SECTION 4.05 Limitation on Sales of Assets and Subsidiary Stock. 

(a) KP Parent will not, and will not permit any Restricted Subsidiary to, consummate any Asset Disposition unless: 

(i) the consideration KP Parent or a Restricted Subsidiary receives for such Asset Disposition is not less than the fair
market value of the assets sold (as determined by KP Parent’s Board of Directors); and 
 (ii) at least 75% of the
consideration KP Parent or a Restricted Subsidiary receives in respect of such Asset Disposition consists of: 

(A) cash (including any Net Cash Proceeds received from the conversion within 180 days of such Asset Disposition of
securities, notes or other obligations received in consideration of such Asset Disposition); 
 (B) Cash Equivalents;

 (C) the assumption by the purchaser of (x) any liabilities recorded on KP Parent’s or a Restricted
Subsidiary’s balance sheet or the notes thereto (or, if Incurred since the date of the latest balance sheet, that would be recorded on the next balance sheet) (other than Subordinated Indebtedness or Indebtedness owed to KP Parent or a
Restricted Subsidiary), as a result of which neither KP Parent nor any of the Restricted Subsidiaries remains obligated in respect of such liabilities or (y) Indebtedness of a Restricted Subsidiary that is no longer a Restricted Subsidiary as a
result of such Asset Disposition, if KP Parent and each other Restricted Subsidiary is released from any guarantee of such Indebtedness as a result of such Asset Disposition; 

(D) Replacement Assets; 

(E) any Capital Stock or assets of the kind referred to in clause (iv) or (vi) of Section 4.05(b); 

(F) consideration consisting of Indebtedness of KP Parent or any Guarantor received from Persons who are not KP Parent or
any Restricted Subsidiary, but only to the extent that such Indebtedness (1) has been extinguished by KP Parent or the applicable Guarantor and (2) is not Subordinated Indebtedness of KP Parent or such Guarantor; 

  
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 (G) any Designated Non-Cash Consideration received by KP Parent or any
Restricted Subsidiary, having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant to this Section 4.05 that is at any one time outstanding, not to exceed the greater of
€25.0 million and 2.0% of Total Assets (with the fair market value of each issue of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value); or 

(H) a combination of the consideration specified in clauses (A) through (G) of this Section 4.05(a)(ii). 

(b) If KP Parent or any Restricted Subsidiary consummates an Asset Disposition, the Net Cash Proceeds of the Asset Disposition, within 365
days (or 545 days in the circumstances described in Section 4.05(b)(viii)) of the later of (i) the date of the consummation of such Asset Disposition and (ii) the receipt of such Net Cash Proceeds, may be used by KP Parent or such
Restricted Subsidiary to: 
 (i) prepay, repay, purchase or redeem any Indebtedness of KP Parent or any Restricted Subsidiary
(other than Indebtedness owed to KP Parent or an Affiliate of KP Parent or that is by its terms subordinated to the Notes or any Notes Guarantee); provided, however, that, in connection with any prepayment, repayment or
redemption of Indebtedness pursuant to this Section 4.05(b)(i), KP Parent or such Restricted Subsidiary will retire such Indebtedness and will cause the related commitment (if any) to be reduced in an amount equal to the principal amount so
prepaid, purchased or redeemed; 
 (ii) purchase Notes pursuant to an offer to all Holders of the Notes at a purchase price
in cash equal to at least 100% of the principal amount thereof, plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the date of purchase (subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date); 
 (iii) invest in any Replacement Assets; 

(iv) acquire all or substantially all of the assets of, or any Capital Stock of, another Similar Business, if, after giving
effect to any such acquisition of Capital Stock, the Similar Business is or becomes a Restricted Subsidiary; 
 (v) make a
capital expenditure; 
 (vi) acquire other assets (other than Capital Stock and cash or Cash Equivalents) that are used or
useful in a Similar Business; 
 (vii) consummate any combination of the foregoing; or 

  
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 (viii) enter into a binding commitment to apply the Net Cash Proceeds pursuant to
clause (i), (iii), (iv), (v) or (vi) of this Section 4.05(b) or a combination thereof; provided that, a binding commitment shall be treated as a permitted application of the Net Cash Proceeds from the date of such commitment
until the earlier of (A) the date on which such investment is consummated and (B) the 180th day following the expiration of the aforementioned 365-day period, if the investment has not been consummated by that date. 

(c) The amount of such Net Cash Proceeds not so used as set forth in Section 4.05(b) constitutes “Excess Proceeds”.
Pending the final application of any such Net Cash Proceeds, KP Parent may temporarily reduce revolving credit borrowings or otherwise invest such Net Cash Proceeds in any manner that is not prohibited by the terms of this Indenture. 

(d) On the 366th day after an Asset Disposition (or the 546th day if a binding commitment in Section 4.05(b)(viii) has been entered
into), or such earlier time as the Issuer elects, if the aggregate amount of Excess Proceeds exceeds €30.0 million, the Issuer will be required within 10 Business Days thereof to make an offer (the “Asset Disposition
Offer”) to all Holders and, to the extent the Issuer elects, to all holders of other outstanding Pari Passu Indebtedness, to purchase the maximum principal amount of Notes and any such Pari Passu Indebtedness to which the Asset Disposition
Offer applies that may be purchased out of the Excess Proceeds, at an offer price in respect of the Notes in an amount equal to (and, in the case of any Pari Passu Indebtedness, an offer price of no more than) 100% of the principal amount of the
Notes and 100% of the principal amount of Pari Passu Indebtedness, in each case, plus accrued and unpaid interest, if any, to, but not including, the date of purchase, in accordance with the procedures set forth in this Indenture or the agreements
governing the Pari Passu Indebtedness, as applicable, in minimum denominations of €100,000 and in integral multiples of €1,000 in excess thereof in the case of the Notes. 

(e) To the extent that the aggregate amount of Notes and Pari Passu Indebtedness so validly tendered and not properly withdrawn pursuant to an
Asset Disposition Offer is less than the Excess Proceeds, KP Parent or the relevant Restricted Subsidiary may use any remaining Excess Proceeds for general corporate purposes, subject to other covenants contained in this Indenture. If the aggregate
principal amount of the Notes surrendered in any Asset Disposition Offer by Holders and other Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the amount of Excess Proceeds, the Excess Proceeds shall be allocated
among the Notes and Pari Passu Indebtedness to be repaid or purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness. For the purposes of calculating the principal amount of
any such Indebtedness not denominated in euro, such Indebtedness shall be calculated by converting any such principal amounts into their Euro Equivalent determined as of a date selected by the Issuer that is within the Asset Disposition Offer Period
(as defined below). Upon completion of any Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero. 
 (f) To the
extent that any portion of Net Available Cash payable in respect of the Notes is denominated in a currency other than the currency in which the Notes are denominated, the amount thereof payable in respect of such Notes shall not exceed the net
amount of funds in the currency in which such Notes are denominated that is actually received by KP Parent or the relevant Restricted Subsidiary upon converting such portion of the Net Available Cash into such currency. 

  
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 (g) The Asset Disposition Offer, insofar as it relates to the Notes, will remain open for a
period of not less than 20 Business Days following its commencement (the “Asset Disposition Offer Period”). No later than five Business Days after the termination of the Asset Disposition Offer Period (the “Asset Disposition
Purchase Date”), the Issuer will repay the principal amount of Notes and, to the extent it elects, Pari Passu Indebtedness required to be repaid or purchased by it pursuant to this Section 4.05 (the “Asset Disposition Offer
Amount”) or, if less than the Asset Disposition Offer Amount has been so validly tendered, all Notes and Pari Passu Indebtedness validly tendered in response to the Asset Disposition Offer. 

(h) On or before the Asset Disposition Purchase Date, the Issuer will, to the extent lawful, accept for payment, on a pro rata basis to the
extent necessary, the Asset Disposition Offer Amount of Notes and Pari Passu Indebtedness or portions of Notes and Pari Passu Indebtedness so validly tendered and not properly withdrawn pursuant to the Asset Disposition Offer, or if less than the
Asset Disposition Offer Amount has been validly tendered and not properly withdrawn, all Notes and Pari Passu Indebtedness so validly tendered and not properly withdrawn and in minimum denominations of €100,000 and in integral multiples of
€1,000 in excess thereof. The Issuer will deliver to the Trustee an Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuer in accordance with the terms of this Section 4.05. The
Issuer or the Paying Agent, as the case may be, will promptly (but in any case not later than five Business Days after termination of the Asset Disposition Offer Period) mail or deliver to each tendering Holder an amount equal to the purchase price
of the Notes so validly tendered and not properly withdrawn by such Holder, and accepted by the Issuer for purchase, and the Issuer will promptly issue a new Note (or amend the applicable Global Note), and the Trustee (or an Authenticating Agent),
upon delivery of an Officer’s Certificate from the Issuer, will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note
surrendered; provided that each such new Note will be in a principal amount with a minimum denomination of €100,000. Any Note not so accepted will be promptly mailed or delivered (or transferred by book entry) by the Issuer to the Holder
thereof. 
 The Issuer will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other
securities laws or regulations in connection with the repurchase of Notes pursuant to this Indenture. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 4.05, the Issuer will comply
with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Indenture by virtue of such compliance. 

SECTION 4.06 Limitation on Affiliate Transactions. 

(a) KP Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or conduct any
transaction or series of related transactions (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of KP Parent (any such transaction or series of related transactions being an
“Affiliate Transaction”) involving aggregate value in excess of €5.0 million unless: 
 (i) the
terms of such Affiliate Transaction taken as a whole are not materially less favorable to KP Parent or such Restricted Subsidiary, as the case may be, than those that could be obtained in a comparable transaction at the time of such transaction or
the execution of the agreement providing for such transaction in arm’s-length dealings with a Person who is not such an Affiliate; 

  
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 (ii) in the event such Affiliate Transaction involves an aggregate value in
excess of €20.0 million, the terms of such transaction or series of related transactions have been approved by a resolution of the majority of the disinterested members of the Board of Directors of KP Parent resolving that such transaction
complies with clause (i) of this Section 4.06(a); and 
 (iii) in the event such Affiliate Transaction involves an
aggregate value in excess of €30.0 million, a written opinion of an accounting, appraisal or investment banking firm of international standing, or other recognized independent expert of international standing, or other recognized
independent expert of international standing with experience appraising the terms and conditions of the type of transaction or series of related transactions for which an opinion is required, stating that the transaction or series of related
transactions is (A) fair from a financial point of view taking into account all relevant circumstances or (B) on terms not less favorable than might have been obtained in a comparable transaction at such time on an arm’s length basis
from a Person who is not an Affiliate. 
 (b) The provisions of Section 4.06(a) will not apply to: 

(i) any Restricted Payment permitted to be made pursuant to Section 4.02, any Permitted Payments (other than pursuant to
Section 4.02(b)(ix)(B)(2)) or any Permitted Investment (other than Permitted Investments as defined in clauses (1), (2), (11), (14) and (19) of the definition thereof); 

(ii) any issuance or sale of Capital Stock, options, other equity-related interests or other securities, or other payments,
awards or grants in cash, securities or otherwise pursuant to, or the funding of, or entering into, or maintenance of, any employment, consulting, collective bargaining or benefit plan, program, agreement or arrangement, related trust or other
similar agreement and other compensation arrangements, options, warrants or other rights to purchase Capital Stock of KP Parent, any Restricted Subsidiary or any Parent Entity, restricted stock plans, long-term incentive plans, stock appreciation
rights plans, participation plans or similar employee benefits or consultants’ plans (including valuation, health, insurance, deferred compensation, severance, retirement, savings or similar plans, programs or arrangements) or indemnities
provided on behalf of officers, employees, directors or consultants approved by the Board of Directors of KP Parent, in each case, in the ordinary course of business; 

(iii) any Management Advances or Parent Expenses, and any waiver or transaction with respect thereto; 

  
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 (iv) any transaction between or among KP Parent and any Restricted Subsidiary (or
entity that becomes a Restricted Subsidiary as a result of such transaction), or between or among Restricted Subsidiaries or any Receivables Subsidiary; 

(v) the payment of reasonable fees and reimbursement of expenses to, and customary indemnities and employee benefit and
pension expenses provided on behalf of, directors, officers, consultants or employees of KP Parent, any Restricted Subsidiary of KP Parent or any Parent Entity (whether directly or indirectly and including through any Person owned or controlled by
any of such directors, officers or employees); 
 (vi) (A) the Transactions, (B) the entry into and performance of
obligations of KP Parent or any of its Restricted Subsidiaries under the terms of any transaction pursuant to or contemplated by, and any payments pursuant to or for purposes of funding, any agreement or instrument in effect as of or on the Issue
Date or described in “Related Party Transactions” in the Offering Memorandum, as these agreements and instruments may be amended, modified, supplemented, extended, renewed, replaced or refinanced from time to time in accordance with the
other terms of this Section 4.06 or to the extent not more disadvantageous to the Holders in any material respect, and (C) the entry into and performance of any registration rights or other listing agreement; 

(vii) the execution, delivery and performance of any Tax Sharing Agreement or any arrangement or payment pursuant to which KP
Parent or any Affiliate of KP Parent or any Restricted Subsidiary is required or permitted to file a consolidated or combined tax return, or the formation and maintenance of any consolidated group for tax, accounting or cash pooling or management
purposes in the ordinary course of business, the execution, delivery and performance of any Tax Sharing Agreement or any arrangement or payment pursuant to which KP Parent or any Affiliate of KP Parent or any Restricted Subsidiary is required or
permitted to file a consolidated or combined tax return, or the formation and maintenance of any consolidated group for tax, accounting or cash pooling or management purposes in the ordinary course of business, provided, however, that any
such Tax Sharing Agreement or arrangement or payment does not permit or require payments in excess of the amounts of tax that would be payable by KP Parent and its Restricted Subsidiaries on a stand-alone basis and the related tax liabilities of KP
Parent and its Restricted Subsidiaries are relieved thereby; 
 (viii) transactions with customers, clients, suppliers or
purchasers or sellers of goods or services, in each case, in the ordinary course of business, which are fair to KP Parent or the relevant Restricted Subsidiary in the reasonable determination of the Board of Directors or an Officer of KP Parent or
the relevant Restricted Subsidiary, or are on terms no less favorable than those that could reasonably have been obtained at such time from an unaffiliated party; 

  
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 (ix) any transaction between or among KP Parent or any Restricted Subsidiary and
any Affiliate of KP Parent or an Associate or similar entity, including any joint ventures, that would constitute an Affiliate Transaction solely because KP Parent or a Restricted Subsidiary or any Affiliate of KP Parent or a Restricted Subsidiary
owns an equity interest in or otherwise controls such Affiliate, Associate or similar entity; 
 (x) (A) issuances or sales
of Capital Stock (other than Disqualified Stock or Designated Preference Shares) of KP Parent or options, warrants or other rights to acquire such Capital Stock or Subordinated Shareholder Funding; provided that the interest rate and other
financial terms of such Subordinated Shareholder Funding are approved by a majority of the members of the Board of Directors of KP Parent in their reasonable determination and (B) any amendment, waiver or other transaction with respect to any
Subordinated Shareholder Funding in compliance with the other provisions of this Indenture, the Intercreditor Agreement or any Additional Intercreditor Agreement, as applicable; 

(xi) (A) payments by KP Parent or any Restricted Subsidiary to any Permitted Holder (whether directly or indirectly, including
through any Parent Entity) of annual management, consulting, monitoring or advisory fees and related expenses in an aggregate amount not to exceed €5.0 million per year and (B) customary payments by KP Parent or any Restricted
Subsidiary to any Permitted Holder (whether directly or indirectly, including through any Parent Entity) for financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including in
connection with loans, capital market transactions, acquisitions or divestitures, which payments (or agreements providing for such payments) in respect of this Section 4.06(b)(xi) are approved by a majority of the Board of Directors of KP
Parent in good faith; 
 (xii) any transactions for which KP Parent or a Restricted Subsidiary delivers to the Trustee a
letter from an Independent Financial Advisor stating that such transaction is (A) fair to KP Parent or such Restricted Subsidiary from a financial point of view or (B) on terms not less favorable that might have been obtained in a
comparable transaction at such time on an arm’s length basis from a Person who is not an Affiliate; 
 (xiii)
investments by any of the Equity Investors in securities of any of KP Parent’s Restricted Subsidiaries (and the payment of reasonable out-of-pocket expenses of the Equity Investors in connection therewith) so long as (A) the investment
complies with Section 4.06(a)(i), (B) the investment is being offered generally to other investors on the same or more favorable terms and (C) the investment constitutes less than 5% of the issue amount of such securities; 

(xiv) pledges of Capital Stock of Unrestricted Subsidiaries; and 

(xv) any transaction effected as part of a Qualified Receivables Financing. 

  
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 SECTION 4.07 No Impairment of Security Interest. KP Parent shall not, and shall not permit
any Restricted Subsidiary to, take or knowingly or negligently omit to take any action that would have the result of materially impairing the Security Interest with respect to the Collateral for the benefit of the Trustee and the Holders of Notes,
and KP Parent shall not, and shall not permit any Restricted Subsidiary to, grant to any Person other than the Collateral Trustee, for the benefit of the Trustee and the Holders of Notes, and the other beneficiaries described in the Security
Documents and the Intercreditor Agreement or any Additional Intercreditor Agreement, any interest whatsoever in any of the Collateral, except that (a) KP Parent and its Restricted Subsidiaries may Incur Permitted Collateral Liens, (b) KP
Parent and its Restricted Subsidiaries may undertake a Permitted Reorganization, (c) the Collateral may be discharged and released in accordance with this Indenture, the applicable Security Documents or the Intercreditor Agreement or any
Additional Intercreditor Agreement, (d) the applicable Security Documents may be amended from time to time to cure any ambiguity, mistake, omission, defect, manifest error or inconsistency therein and (e) the Issuer and its Restricted
Subsidiaries may amend the Security Documents in any manner that does not adversely affect the Holders of Notes in any material respect; provided, however, that in the case of clauses (a) and (b) above, except with respect to any
discharge or release in accordance with this Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement, the Incurrence of Permitted Liens or any action expressly permitted by this Indenture or the Intercreditor Agreement or
any Additional Intercreditor Agreement, the Security Documents may not be amended, extended, renewed, restated, supplemented, released or otherwise modified or replaced, unless contemporaneously with any such action, the Issuer delivers to the
Trustee, either (i) a solvency opinion, in form and substance reasonably satisfactory to the Trustee from an Independent Financial Advisor confirming the solvency of the relevant Person and its Subsidiaries, taken as a whole, after giving
effect to any transactions related to such amendment, extension, renewal, restatement, supplement, release, modification or replacement, (ii) a certificate from the Board of Directors of the relevant Person which confirms the solvency of the
Person granting such Security Interest after giving effect to any transactions related to such amendment, extension, renewal, restatement, supplement, release, modification or replacement, or (iii) an Opinion of Counsel, in form and substance
reasonably satisfactory to the Trustee, confirming that, after giving effect to any transactions related to such amendment, extension, renewal, restatement, supplement, release, modification or replacement, the Lien or Liens created under the
Security Documents, so amended, extended, renewed, restated, released, supplemented, modified or replaced are valid Liens not otherwise subject to any limitation, imperfection or new hardening period, in equity or at law, that such Lien or Liens
were not otherwise subject to immediately prior to such amendment, extension, renewal, restatement, release, supplement, release, modification or replacement. In the event that KP Parent or the relevant Restricted Subsidiary complies with the
requirements of this Section 4.07, the Trustee and the Collateral Trustee shall (subject to customary protections and indemnifications) consent to such amendments without the need for instructions from the Holders of Notes. 

SECTION 4.08 Additional Guarantees. 

(a) KP Parent will not cause or permit any Restricted Subsidiary that is not a Guarantor or the Issuer to Guarantee the Indebtedness
outstanding under the Senior Secured Credit Facilities, any Credit Facility or any other Public Debt, respectively, of the Issuer or a Guarantor, in each case unless such Restricted Subsidiary becomes a Guarantor on the date on which the Guarantee
is Incurred and executes and delivers to the Trustee a supplemental indenture providing for a Notes Guarantee of such Restricted Subsidiary, which Notes Guarantee will be senior to or pari passu with such Restricted Subsidiary’s

  
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Guarantee of such other Indebtedness; provided, however, that such Restricted Subsidiary shall not be obligated to become such a Guarantor to the extent and for so long as the Incurrence
of such Notes Guarantee could give rise to or result in: (i) any breach or violation of general statutory limitations, financial assistance, capital maintenance, corporate benefit, fraudulent preference or thin capitalization rules, retention
of title claims or the laws, rules or regulations (or analogous restriction) of any applicable jurisdiction; (ii) any risk or liability for the officers, directors or (except in the case of a Restricted Subsidiary that is a partnership)
shareholders of such Restricted Subsidiary (or, in the case of a Restricted Subsidiary that is a partnership, directors or shareholders of the partners of such partnership); or (iii) any significant cost, expense, liability or obligation
(including with respect to any Taxes) other than reasonable out-of-pocket expenses. 
 (b) At the option of KP Parent, any Notes Guarantee
may contain limitations on Guarantor liability to the extent reasonably necessary to recognize certain defenses generally available to guarantors or other considerations under applicable law or regulation. 

(c) Notes Guarantees granted pursuant to this Section 4.08 shall be released as set forth under Section 10.06. A Notes Guarantee of
a future Guarantor may also be released at the option of KP Parent if at the date of such release there is no Indebtedness of such Guarantor outstanding which was Incurred after the Issue Date and which could not have been Incurred in compliance
with this Indenture as at the date of such release if such Guarantor were not designated as a Guarantor as at that date. The Trustee shall take all necessary actions, including the granting of releases or waivers under the Intercreditor Agreement or
any Additional Intercreditor Agreement, to effectuate any release of a Notes Guarantee in accordance with these provisions, subject to customary protections and indemnifications. 

SECTION 4.09 Reports. 

(a) So long as any Notes are outstanding, KP Parent shall furnish to the Trustee the following reports: 

(i) within 120 days following the end of the fiscal year ending September 30, 2015 and the end of each fiscal year of
KP Parent thereafter, annual reports containing: (A) information with a level and type of detail that is substantially comparable in all material respects to information in the section entitled “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in the Offering Memorandum; (B) pro forma income statement and balance sheet information of KP Parent, together with explanatory footnotes, for any material acquisitions, dispositions
or recapitalizations that have occurred since the beginning of the most recently completed fiscal year as to which such annual report relates (unless such pro forma information has been provided in a previous report pursuant to clause
(ii) or (iii) of this Section 4.09(a)); provided that such pro forma financial information will be provided only to the extent available without unreasonable expense; (C) the audited consolidated balance sheet of KP
Parent as at the end of the most recent fiscal year with comparative balance sheet information as at the end of the prior fiscal year and audited consolidated income statements and statements of cash flow of KP Parent for the most recent two fiscal
years with comparative income statement and cash flow statement information for the 

  
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applicable prior fiscal year, including appropriate footnotes to such financial statements, for and as at the end of such fiscal years and the report of the independent auditors on the financial
statements; (D) a description of the management and shareholders of KP Parent and all material Affiliate Transactions and a description of all material debt instruments (together with the amount and currency of all material non-euro denominated
Indebtedness); (E) a description of material risk factors and material subsequent events, (F) Consolidated EBITDA and (G) a summary of all the exchange rates used to translate material non-euro denominated items in the income
statement into euros and segment data as required by IFRS and a review of such segments; provided that the information described in clauses (D), (E), (F) and (G) may be provided in the footnotes to the audited financial statements;

 (ii) within 60 days following the end of each of the first three fiscal quarters in each fiscal year of KP Parent,
beginning with the quarter ending December 31, 2015, quarterly financial statements containing the following information: (A) KP Parent’s unaudited condensed consolidated balance sheet as at the end of such quarter and unaudited
condensed statements of income and cash flow for the most recent quarter end year-to-date period ending on the unaudited condensed balance sheet date and the comparable prior period, together with condensed footnote disclosure; (B) pro
forma income statement and balance sheet information of KP Parent, together with explanatory footnotes, for any material acquisitions or dispositions that have occurred since the beginning of the most recently completed fiscal year as to which
such report relates (provided that such pro forma financial information will be provided only to the extent available without unreasonable expense; (C) an operating and financial review of the unaudited financial statements (including a
review of any segment data included in such financial statements as required by IFRS; and (D) material subsequent events, the amount and currency of all material non-euro denominated Indebtedness and a summary of all the exchange rates used to
translate material non-euro denominated items in the income statement into euros; provided that the information described in clause (D) may be provided in the footnotes to the unaudited financial statements; and 

(iii) promptly after the occurrence of a material event that KP Parent announces publicly or any acquisition, disposition
or restructuring, merger or similar transaction that is material to KP Parent and the Restricted Subsidiaries, taken as a whole, or a senior executive officer or director changes at KP Parent or a change in auditors of KP Parent, a report containing
a description of such event. 
 (b) In addition, to the extent not satisfied by the foregoing, KP Parent will furnish to the Holders and to
prospective investors, upon the request of such parties, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act for so long as the Notes are not freely transferable under the Exchange Act by persons who are not
“affiliates” under the Securities Act. 

  
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 (c) KP Parent will also make available to Holders and prospective Holders of the Notes copies of
all reports furnished to the Trustee on KP Parent’s website and if and so long as the Notes are listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market thereof and, to the extent that the
rules and regulations of the Luxembourg Stock Exchange so require, copies of such reports furnished to the Trustee will also be made available at the specified office of the listing agent in Luxembourg. 

(d) All financial statement information shall be prepared in accordance with IFRS as in effect on the date of such report or financial
statement and on a consistent basis for the periods presented, except as may otherwise be described in such information; provided, however, that the reports set forth in Section 4.09(a), Section 4.09(b) and
Section 4.09(c) may, in the event of a change in IFRS, present earlier periods on a basis that applied to such periods. No report need include separate financial statements for any Subsidiaries of KP Parent or any disclosure with respect to the
results of operations or any other financial or statistical disclosure not of a type included in the Offering Memorandum. In addition, the reports set forth above will not be required to contain any reconciliation to U.S. GAAP. 

(e) For purposes of this Section 4.09, an acquisition or disposition shall be deemed to be material if the entity or business acquired or
disposed of represents greater than 20% of KP Parent’s (i) total consolidated revenue or Consolidated EBITDA for the most recent four quarters for which annual or quarterly financial reports have been delivered to the Trustee or
(ii) consolidated assets as of the last day of the most recent quarter for which annual or quarterly financial reports have been delivered to the Trustee. 

(f) At any time that any of KP Parent’s Subsidiaries are Unrestricted Subsidiaries under this Indenture and any such Unrestricted
Subsidiary or a group of Unrestricted Subsidiaries, taken as a whole, would (if it were restricted) constitute a Significant Subsidiary of KP Parent, then the quarterly and annual financial information required by the first paragraph of this
Section 4.09 will include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, of the financial condition and results of operations of KP Parent and its Restricted Subsidiaries separate
from the financial condition and results of operations of the Unrestricted Subsidiaries of KP Parent. 
 (g) In the event that (i) KP
Parent becomes subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act, or elects to comply with such provisions, for so long as it continues to file the reports required by Section 13(a) with the SEC or
(ii) KP Parent elects to provide to the Trustee reports which, if filed with the SEC, would satisfy (in the good faith judgment of KP Parent) the reporting requirements of Section 13(a) or 15(d) of the Exchange Act (other than the
provision of U.S. GAAP information, certifications, exhibits or information as to internal controls and procedures), for so long as it elects, KP Parent will make available to the Trustee such annual reports, information, documents and other reports
that KP Parent is, or would be, required to file with the SEC pursuant to such Section 13(a) or 15(d). 
 (h) KP Parent may comply with
any requirement to provide reports or financial statements of KP Parent under this covenant by providing any financial statements or reports of a direct or indirect Parent Entity of KP Parent, so long as such report or financial statements include a
reasonably detailed description of the differences in KP Parent’s consolidated results compared to such Parent Entity. Upon complying with the foregoing requirement, KP Parent will be deemed to have complied with the provisions contained in
Sections 4.09(a) through 4.09(g). 

  
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 (i) All reports provided pursuant to this Section 4.09 shall be made in the English
language. 
 SECTION 4.10 Suspension of Covenants on Achievement of Investment Grade Status. 

(a) If, on any date following the Issue Date, the Notes have achieved Investment Grade Status and no Default or Event of Default has occurred
and is continuing (a “Suspension Event”), then, beginning on that day and continuing until such time, if any, at which such Notes cease to have Investment Grade Status (the “Reversion Date”), Section 4.01,
Section 4.02, Section 4.04, Section 4.05, Section 4.06, Section 4.08 and Section 5.01(b)(iv) of this Indenture will not apply to the Notes and, in each case, any related default provision of this Indenture, will cease
to be effective and will not be applicable to KP Parent and its Restricted Subsidiaries. 
 (b) Such covenants and any related default
provisions will again apply according to their terms from the first day on which a Suspension Event ceases to be in effect. Such covenants will not, however, be of any effect with regard to actions of KP Parent or the Issuer, as applicable, properly
taken during the continuance of the Suspension Event, and no action taken prior to the Reversion Date will constitute a Default or Event of Default. Section 4.02 will be interpreted as if it has been in effect since the date of this Indenture
but not during the continuance of the Suspension Event. On the Reversion Date, all Indebtedness Incurred during the continuance of the Suspension Event will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted
under Section 4.01(b)(iv)(B). In addition, this Indenture will also permit, without causing a Default or Event of Default, KP Parent or any of the Restricted Subsidiaries to honor any contractual commitments or take actions in the future after
any date on which such Notes cease to have an Investment Grade Status as long as the contractual commitments were entered into during the Suspension Event and not in anticipation of such Notes no longer having an Investment Grade Status. KP Parent
shall notify the Trustee that the conditions set forth in the first paragraph under this caption have been satisfied; provided that, no such notification shall be a condition for the suspension of the covenants described under this caption to
be effective. 
 SECTION 4.11 Additional Intercreditor Agreements. 

(a) The Indenture will provide that, at the request of KP Parent, in connection with the Incurrence by KP Parent or its Restricted
Subsidiaries of any Indebtedness permitted to be secured pursuant to clauses (1) and (2) of the definition of “Permitted Liens” or pursuant to clauses (1), (2) or (3) of the definition of “Permitted Collateral
Liens”, KP Parent, the Issuer, the relevant Restricted Subsidiaries and the Trustee shall enter into with the holders of such Indebtedness (or their duly authorized Representatives) an intercreditor agreement (an “Additional
Intercreditor Agreement”) or a restatement, amendment or other modification of the existing Intercreditor Agreement on substantially the same terms as the Intercreditor Agreement (or terms not materially less favorable to the Holders),
including containing substantially the same terms with respect to release of Notes Guarantees; provided that (i) any Indebtedness permitted to be secured pursuant to clauses (1) or (2) of the definition of “Permitted
Liens” with aggregate commitments and outstanding obligations at the time of initial incurrence of at least €50.0 million (including the amount of all undrawn commitments and matured and contingent reimbursement obligations
pursuant to letters of credit thereunder) will benefit 

  
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from the ability to cause the release of Notes Guarantees and Collateral, (ii) such Additional Intercreditor Agreement will not impose any personal obligations on the Trustee or, in the
opinion of the Trustee, adversely affect the rights, duties, liabilities, indemnities or immunities of the Trustee under this Indenture or the Intercreditor Agreement and (iii) if more than one such intercreditor agreement is outstanding at any
one time, the collective terms of such intercreditor agreements must not conflict. 
 (b) At the direction of KP Parent and without the
consent of Holders, the Trustee shall from time to time enter into one or more amendments to any Intercreditor Agreement to: (i) cure any ambiguity, omission, defect or inconsistency of any such agreement, (ii) increase the amount or types
of Indebtedness covered by any such agreement that may be Incurred by KP Parent or any Restricted Subsidiary that is subject to any such agreement (including with respect to any Intercreditor Agreement or Additional Intercreditor Agreement, the
addition of provisions relating to new Indebtedness ranking junior in right of payment to the Notes), (iii) add Restricted Subsidiaries to the Intercreditor Agreement or an Additional Intercreditor Agreement, (iv) amend the Intercreditor
Agreement or any Additional Intercreditor Agreement in accordance with the terms thereof or (v) make any other change to any such agreement that does not adversely affect the Holders in any material respect. KP Parent shall not otherwise direct
the Trustee to enter into any amendment to any Intercreditor Agreement without the consent of the Holders of the majority in aggregate principal amount of the Notes then outstanding, except as otherwise permitted by Article IX, and KP Parent may
only direct the Trustee to enter into any amendment to the extent such amendment does not impose any personal obligations on the Trustee or, in the opinion of the Trustee, adversely affect their respective rights, duties, liabilities or immunities
under this Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement. 
 (c) In relation to any Intercreditor
Agreement or Additional Intercreditor Agreement, prior to the taking of any Enforcement Action (as defined in the Intercreditor Agreement) the Trustee shall consent on behalf of the Holders to the payment, repayment, purchase, repurchase,
defeasance, acquisition, retirement or redemption of any obligations subordinated to the Notes thereby; provided, however, that such transaction would comply with Section 4.02. 

(d) Each Holder, by accepting a Note, shall be deemed to have agreed to and accepted the terms and conditions of the Intercreditor Agreement
or any Additional Intercreditor Agreement (whether then entered into or entered into in the future pursuant to the provisions described herein) and to have directed the Trustee to enter into any such Additional Intercreditor Agreement. A copy of the
Intercreditor Agreement or any Additional Intercreditor Agreement will be made available for inspection during normal business hours on any Business Day upon prior written request at our offices or at the offices of the listing agent. 

SECTION 4.12 Payment of Notes. The Issuer shall promptly pay the principal of and interest on the Notes on the dates and in the manner
provided in the Notes and in this Indenture. Principal and interest shall be considered paid on the date due if on such date the Paying Agent holds in accordance with this Indenture money sufficient to pay all principal and interest then due and the
Paying Agent is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. 

  
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 SECTION 4.13 Withholding Taxes. 

(a) All payments made by or on behalf of the Issuer or any Guarantor (including, in each case, any successor entity) (each, a
“Payor”) in respect of the Notes or with respect to any Notes Guarantee, as applicable, will be made free and clear of and without withholding or deduction for, or on account of, any Taxes unless the withholding or deduction of such
Taxes is then required by law. If any deduction or withholding for, or on account of, any Taxes imposed or levied by or on behalf of: 

(i) any jurisdiction from or through which payment on any such Note is made, or any political subdivision or governmental
authority thereof or therein having the power to tax; or 
 (ii) any other jurisdiction in which a Payor is organized,
engaged in business for tax purposes, or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clause (i) and (ii), a “Relevant
Taxing Jurisdiction”), 
 will at any time be required by law to be made from any payments made by or on behalf of the Payor or the Paying Agent
with respect to any Note or Notes Guarantee, including payments of principal, redemption price, interest or premium, if any, the Payor will pay (together with such payments) such additional amounts (the “Additional Amounts”) as may
be necessary in order that the net amounts received in respect of such payments, after such withholding, or deduction (including any such deduction or withholding from such Additional Amounts), will not be less than the amounts which would have been
received in respect of such payments on any such Note or Notes Guarantee in the absence of such withholding or deduction; provided, however, that no such Additional Amounts will be payable for or on account of: 

(A) any Taxes that would not have been so imposed but for the existence of any present or former connection between the
relevant Holder or Beneficial Owner (or between a fiduciary, settlor, beneficiary, member, partner or shareholder of, or possessor of power over the relevant Holder or beneficial owner, if the relevant Holder or beneficial owner is an estate,
nominee, trust, partnership, limited liability company or corporation) and the Relevant Taxing Jurisdiction (including, without limitation, being resident for tax purposes, or being a citizen or resident or national of, or carrying on a business or
maintaining a permanent establishment in, or being physically present in, the Relevant Taxing Jurisdiction) but excluding, in each case, any connection arising solely from the acquisition, ownership or holding of such Note or the receipt of any
payment or the exercise or enforcement of rights under such Note, this Indenture or a Notes Guarantee; 
 (B) any Tax
that is imposed or withheld by reason of the failure by the Holder or the Beneficial Owner of the Note to comply with a written request of the Payor addressed to the Holder, after reasonable notice (at least 30 days before any such withholding or
deduction would be made), to provide certification, information, documents or other evidence concerning the nationality, residence or 

  
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identity of the Holder or such Beneficial Owner or to make any declaration or similar claim or satisfy any other reporting requirement relating to such matters, which is required by a statute,
treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from all or part of such Tax but, only to the extent the Holder or Beneficial Owner is legally entitled to provide such certification or
documentation; 
 (C) any Taxes, to the extent that such Taxes were imposed as a result of the presentation of the Note
for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the Holder; 

(D) any Taxes that are payable otherwise than by deduction or withholding from a payment on or with respect to the Notes
or any Notes Guarantee; 
 (E) any estate, inheritance, gift, sales, transfer, personal property or similar tax,
assessment or other governmental charge; 
 (F) any Taxes that are required to be deducted or withheld on a payment
pursuant to the Directive or any law implementing, or complying with, or introduced in order to conform to, such Directive; 

(G) any Taxes imposed in connection with a Note presented for payment by or on behalf of a Holder or Beneficial Owner who
would have been able to avoid such Tax by presenting the Note to, or otherwise accepting payment from, another Paying Agent in a member state of the European Union; 

(H) any Taxes required to be deducted or withheld pursuant to section 1471(b) of the U.S. Internal Revenue Code (or any
amended or successor version that is substantively comparable) or otherwise imposed pursuant to sections 1471 through 1474 of the U.S. Internal Revenue Code (or any amended or successor version that is substantively comparable), any regulations or
agreements thereunder, official interpretations thereof, or any law implementing an intergovernmental agreement relating thereto; 

(I) any withholding Tax imposed by the United States or a political subdivision thereof; or 

(J) any combination of the items (A) through (I) above. 

(b) In addition, no Additional Amounts shall be paid with respect to a Holder who is a fiduciary or a partnership or any Person other than the
Beneficial Owner of the Notes, to the extent that the beneficiary or settler with respect to such fiduciary, the member of such partnership or the Beneficial Owner would not have been entitled to Additional Amounts had such beneficiary, settler,
member or Beneficial Owner held such Notes directly. 

  
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 (c) The Payor will (i) make any required withholding or deduction and (ii) remit the
full amount deducted or withheld to the relevant taxing authority in the Relevant Taxing Jurisdiction in accordance with applicable law. The Payor will use all reasonable efforts to obtain certified copies of tax receipts evidencing the payment of
any Taxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes and will provide such certified copies, or if, notwithstanding the Payor’s reasonable efforts to obtain such tax receipts, such tax receipts are not
available, certified copies of other reasonable evidence of such payments as soon as reasonably practicable to the Trustee. Such copies shall be made available to the Holders upon reasonable request and will be made available at the offices of the
Paying Agent. The Payor will attach to each certified copy a certificate or other reasonable evidence stating that the amount of withholding Taxes evidenced by the certified copy was paid in connection with payments in respect of the principal
amount of Notes then outstanding. 
 (d) If any Payor is obligated to pay Additional Amounts under or with respect to any payment made on
the Notes or any Notes Guarantee, at least 30 days prior to the date of such payment, the Payor will deliver to the Trustee an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so
payable and such other information necessary to enable the Paying Agent to pay Additional Amounts to Holders on the relevant payment date (unless such obligation to pay Additional Amounts arises less than 45 days prior to the relevant payment date,
in which case the Payor may deliver such Officer’s Certificate as promptly as practicable after the date that is 30 days prior to the payment date). The Trustee shall be entitled to rely solely, without further inquiry, on such Officer’s
Certificate as conclusive proof that such payments are necessary. 
 (e) Wherever in this Indenture or the Notes there is mentioned, in any
context: 
 (i) the payment of principal; 

(ii) purchase prices in connection with a purchase of Notes; 

(iii) interest; or 

(iv) any other amount payable on or with respect to the Notes or any Notes Guarantee, 

such reference shall be deemed to include payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable
in respect thereof. 
 (f) The Payor will pay the Holder and Beneficial Owner for any present or future stamp, transfer, issue,
registration, court or documentary taxes, or similar charges or levies (including any related interest or penalties with respect thereto) or any other excise, property or similar taxes or similar charges or levies (including any related interest or
penalties with respect thereto) that arise in a Relevant Taxing Jurisdiction from the execution, delivery or registration of, or receipt of payments with respect to, any Notes, any Notes Guarantee, this Indenture, or any other document or instrument
in relation thereto (other than in each case, in connection with a transfer of the Notes after the Issue Date and limited, solely to the extent of such taxes or similar charges or levies that arise from the receipt of any payments of principal or
interest on the Notes, to any such taxes or similar charges or levies that are not excluded under clauses (A) through (C) and (E) through (H) of 

  
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Section 4.13(a)) or any such taxes or similar charges or levies (including any related interest or penalties with respect thereto) that arise in any jurisdiction as a result of, or in
connection with, the enforcement of any Notes, any Notes Guarantee, this Indenture, or any other document or instrument in relation thereto 

(g) The foregoing obligations of this Section 4.13 will survive any termination, defeasance or discharge of this Indenture and will
apply mutatis mutandis to any jurisdiction in which any successor to a Payor is organized engaged in business for tax purposes or otherwise resident for tax purposes, or any jurisdiction from or through which any payment under, or with
respect to the Notes is made by or on behalf of such Payor, or any political subdivision or taxing authority or agency thereof or therein. 

SECTION 4.14 Change of Control. 

(a) If a Change of Control occurs, subject to the terms of the covenant described under this Section 4.14, each Holder will have the
right to require the Issuer to repurchase all or any part (equal to €100,000 or integral multiples of €1,000 in excess thereof, provided that Notes of €100,000 or less may only be redeemed in whole and not in part) of such
Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of the Notes repurchased, plus accrued and unpaid interest and Additional Amounts, if any, to the date of purchase (subject to the right of Holders of record on
the relevant record date to receive interest due on the relevant interest payment date). 
 (b) Unless the Issuer has unconditionally
exercised its right to redeem all the Notes and given notice of redemption under Section 3.03 and all conditions to such redemption have been satisfied or waived, no later than the date that is 60 days after any Change of Control, the Issuer
will send a notice (the “Change of Control Offer”) to the Paying Agent (with a copy to the Trustee) who will send such notice to each Holder of any Notes: 

(i) stating that a Change of Control has occurred or may occur and that such Holder has the right to require the Issuer to
purchase all or any part of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the date of purchase
(subject to the right of Holders of record on a record date to receive interest on the relevant interest payment date) (the “Change of Control Payment”); 

(ii) stating the repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice
is mailed) (the “Change of Control Payment Date”); 
 (iii) stating that any Note accepted for payment
pursuant to the Change of Control Offer will cease to accrue interest on the Change of Control Payment Date unless the Change of Control Payment is not paid, and that any Notes or part thereof not tendered will continue to accrue interest; 

(iv) describing the circumstances and relevant facts regarding the transaction or transactions that constitute the Change
of Control; 

  
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 (v) describing the procedures determined by the Issuer, consistent with this
Indenture, that a Holder must follow in order to have its Notes repurchased (including that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding
the Change of Control Payment Date, a facsimile or electronic transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have
such Notes purchased); and 
 (vi) if such notice is mailed prior to the occurrence of a Change of Control, stating that
the Change of Control Offer is conditional on the occurrence of such Change of Control. 
 (c) On the Change of Control Payment Date, if the
Change of Control shall have occurred, the Issuer will, to the extent lawful: 
 (i) accept for payment all Notes or
portion thereof properly tendered pursuant to the Change of Control Offer; 
 (ii) deposit with the Paying Agent an
amount equal to the Change of Control Payment in respect of all Notes so tendered; 
 (iii) deliver or cause to be
delivered to the Trustee an Officer’s Certificate stating the aggregate principal amount of Notes or portions of the Notes being purchased by the Issuer in the Change of Control Offer; 

(iv) in the case of Global Notes, deliver, or cause to be delivered, to the Trustee (or an Authenticating Agent) the
Global Notes in order to reflect thereon the portion of such Notes or portions thereof that have been tendered to and purchased by the Issuer; and 

(v) in the case of Definitive Registered Notes, deliver, or cause to be delivered, to the Registrar for cancellation all
Definitive Registered Notes accepted for purchase by the Issuer. 
 (d) If any Definitive Registered Notes have been issued, the Paying
Agent will promptly mail to each Holder of Definitive Registered Notes so tendered the Change of Control Payment for such Notes, and the Trustee (or an Authenticating Agent) will, at the cost of the Issuer, promptly authenticate and mail (or cause
to be transferred by book-entry) to each Holder of Definitive Registered Notes a new Definitive Registered Note equal in principal amount to the unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in
a principal amount that is at least €100,000 or integral multiples of €1,000 in excess thereof. 
 (e) For so long as the Notes
are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Issuer or KP Parent will publish notices relating to the Change of Control Offer in a daily newspaper with general circulation in Luxembourg (which is
expected to be the Luxemburger Wort) or, to the extent and in the manner permitted by such rules, post such notices on the official website of the Luxembourg Stock Exchange (www.bourse.lu). 

  
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 (f) The Issuer will not be required to make a Change of Control Offer with respect to the Notes
upon a Change of Control or repurchase any Notes as described under this Section 4.14 if (i) a third party makes the Change of Control Offer for such Notes in the manner, at the times and otherwise in compliance with the requirements set
forth in this Indenture applicable to a Change of Control Offer made by the Issuer and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (ii) a notice of redemption has been given pursuant to
Section 3.03. Notwithstanding anything to the contrary contained herein, a Change of Control Offer with respect to any Notes may be made in advance of a Change of Control, conditioned upon the consummation of such Change of Control, if a
definitive agreement is in place providing for the Change of Control at the time the Change of Control Offer for the Notes is made. 
 (g)
The Issuer will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section 4.14. To the
extent that the provisions of any securities laws or regulations conflict with provisions of this Indenture, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the
Change of Control provisions of this Indenture by virtue of such compliance. 
 (h) The provisions of this Section 4.14 may be waived
or modified with the written consent of Holders of a majority in outstanding principal amount of such Notes. 
 SECTION 4.15
[Reserved]. 
 SECTION 4.16 Compliance Certificate. 

(a) KP Parent is required to deliver to the Trustee (and the Trustee shall be able to rely without further inquiry on), within 120 days after
the end of each fiscal year, an Officer’s Certificate indicating whether the signers thereof know of any Default or Event of Default that occurred during the previous year. If they do, the certificate shall describe the Default or Event of
Default, its status and what action KP Parent is taking or proposes to take with respect thereto. 
 (b) KP Parent shall deliver to the
Trustee (and the Trustee shall be able to rely without further inquiry on), within 30 days after the occurrence of such Default of Event of Default, written notice of any events of which it is aware which would constitute certain Defaults, their
status and what action KP Parent is taking or proposes to take in respect thereof. 
 SECTION 4.17 Designation of Restricted and
Unrestricted Subsidiaries. 
 The Board of Directors of KP Parent may designate any Restricted Subsidiary to be an Unrestricted
Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned by KP Parent and its Restricted Subsidiaries in
the Subsidiary designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under Section 4.02 or under one or more clauses of
the definition of “Permitted Investments”, as determined by KP Parent. That designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise meets the definition of an
Unrestricted Subsidiary. KP Parent may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if that redesignation would not cause a Default. 

  
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 Any designation of a Subsidiary of KP Parent as an Unrestricted Subsidiary will be evidenced to
the Trustee by filing with the Trustee a copy of a resolution of the Board of Directors of KP Parent giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the preceding conditions and was
permitted by Section 4.02. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and
any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary as of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 4.01, KP Parent will be in default of such
covenant. The Board of Directors of KP Parent may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of
any outstanding Indebtedness of such Unrestricted Subsidiary, and such designation will only be permitted if (i) such Indebtedness is permitted under Section 4.01 calculated on a pro forma basis as if such designation had occurred
at the beginning of the applicable reference period; and (ii) no Default or Event of Default would be in existence following such designation. 

SECTION 4.18 Limitation on Layered Debt. 

Neither the Issuer nor any Guarantor will Incur any Indebtedness (including Permitted Debt) that is contractually subordinated in right of
payment to any other Indebtedness of the Issuer or any Guarantor unless such Indebtedness is also contractually subordinated in right of payment to the Notes and the applicable Notes Guarantee, if any, on substantially identical terms; provided,
however, that no Indebtedness will be deemed to be contractually subordinated in right of payment to any other Indebtedness of the Issuer or any Guarantor solely by virtue of being unsecured or by virtue of being secured with different
collateral or by virtue of being secured on a junior priority basis or by virtue of the application of waterfall, other payment ordering, standstill or release provisions affecting different tranches of Indebtedness. 

ARTICLE V 
 Successor Company

 SECTION 5.01 Merger and Consolidation. 

(a) KP Parent. KP Parent will not, directly or indirectly: (x) consolidate or merge with or into another Person (whether or not KP
Parent is the surviving corporation) or (y) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets of KP Parent and the Restricted Subsidiaries taken as a whole, in either case, in one
or more related transactions, to another Person, unless: 
 (i) either: (A) KP Parent is the surviving Person; or
(B) the Person formed by or surviving any such consolidation or merger (if other than KP Parent) or to which such sale, assignment, transfer, conveyance, lease or other disposition has been made is an entity organized or existing under the laws
of any member state of the Pre-Expansion European Union, Switzerland, Canada, any state of the United States or the District of Columbia, Norway or Switzerland; 

  
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 (ii) the Person formed by or surviving any such consolidation or merger with
KP Parent (if other than KP Parent) or the Person to which such sale, assignment, transfer, conveyance, lease or other disposition has been made will expressly assume, (A) by supplemental indenture, executed and delivered to the Trustee, all
the obligations of KP Parent under this Indenture and its Notes Guarantee and (B) all obligations of KP Parent under the Intercreditor Agreement, and any Additional Intercreditor Agreement and the Security Documents to which it is a party, as
applicable; 
 (iii) immediately after giving pro forma effect to such transaction or transactions (and treating
any Indebtedness which becomes an obligation of the surviving Person as a result of such transaction as having been incurred by the surviving Person at the time of such transaction or transactions), no Default or Event of Default exists; 

(iv) the KP Parent or the Person formed by or surviving any such consolidation or merger (if other than KP Parent), or to
which such sale, assignment, transfer, conveyance, lease or other disposition has been made would, 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 (A) be permitted to incur at least €1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.01(a) or (B) have a Fixed Charge Coverage
Ratio not less than it was immediately prior to giving effect to such transaction; and 
 (v) the KP Parent delivers to
the Trustee an Officer’s Certificate and Opinion of Counsel, in each case, stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this covenant and that all conditions precedent in this
Indenture relating to such transaction have been satisfied and that the Notes Guarantee constitutes the legal, valid and binding obligation of KP Parent or the Person formed by or surviving any such consolidation or merger (as applicable)
enforceable in accordance with its terms (provided that any such Opinion of Counsel may assume matters of fact, including as a factual matter that one or more conditions precedent have occurred). 

In the event of any transaction described in and complying with the conditions listed in this Section 5.01(a) in which KP Parent is not
the continuing Person, the successor Person formed or remaining or to which such transfer is made shall succeed to, and be substituted for, and may exercise every right and power of KP Parent, and KP Parent will be (other than in the case of a lease
of all or substantially all of its assets) discharged from all obligations and covenants under this Indenture. 

  
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 (b) The Issuer. The Issuer will not, directly or indirectly: (x) consolidate or merge
with or into another Person (whether or not the Issuer is the surviving corporation) or (y) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets of the Issuer and its Subsidiaries
that are Restricted Subsidiaries taken as a whole, in either case, in one or more related transactions, to another Person, unless: 

(i) either: (A) the Issuer is the surviving Person; or (B) the Person formed by or surviving any such
consolidation or merger (if other than the Issuer) or to which such sale, assignment, transfer, conveyance, lease or other disposition has been made is an entity organized or existing under the laws of any member state of the Pre-Expansion European
Union, Switzerland, Canada, any state of the United States or the District of Columbia, Norway or Switzerland; 

(ii) the Person formed by or surviving any such consolidation or merger with the Issuer (if other than the Issuer) or the
Person to which such sale, assignment, transfer, conveyance, lease or other disposition has been made will expressly assume, (A) by supplemental indenture, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee,
all the obligations of the Issuer under the Notes and this Indenture and (B) all obligations of the Issuer under the Intercreditor Agreement and any Additional Intercreditor Agreement, as applicable; 

(iii) immediately after giving pro forma effect to such transaction or transactions (and treating any Indebtedness
which becomes an obligation of the surviving Person as a result of such transaction as having been incurred by the surviving Person at the time of such transaction or transactions), no Default or Event of Default exists; and 

(iv) the Issuer delivers to the Trustee an Officer’s Certificate and Opinion of Counsel, in each case, stating that
such consolidation, merger or transfer and such supplemental indenture (if any) comply with this covenant and that all conditions precedent in this Indenture relating to such transaction have been satisfied and that this Indenture constitutes the
legal, valid and binding obligation of the Issuer or the Person formed by or surviving any such consolidation or merger (as applicable) enforceable in accordance with its terms (provided that any such Opinion of Counsel may assume matters of
fact, including as a factual matter that one or more conditions precedent have occurred). 
 In the event of any transaction described in
and complying with the conditions listed in this Section 5.01(b) in which the Issuer is not the continuing Person, the successor Person formed or remaining or to which such transfer is made shall succeed to, and be substituted for, and may
exercise every right and power of the Issuer, and the Issuer will be (other than in the case of a lease of all or substantially all of its assets) discharged from all obligations and covenants under this Indenture. 

  
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 (c) The Guarantors. The Guarantors (other than KP Parent or a Guarantor whose Notes
Guarantee is to be released in accordance with the terms of the Notes Guarantee and this Indenture in Section 10.01) will not, directly or indirectly: (x) consolidate or merge with or into another Person (whether or not such Guarantor, is
the surviving corporation) or (y) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets of such Guarantor and its Subsidiaries that are Restricted Subsidiaries taken as a whole, in
one or more related transactions, to another Person, unless: 
 (i) either (A) such Guarantor is the surviving
Person; or (B) the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) or the Person to which such sale, assignment, transfer, conveyance, lease or other disposition has been made assumes all the
obligations of such Guarantor under its Notes Guarantee, this Indenture, the Intercreditor Agreement, and any Additional Intercreditor Agreement and the Security Documents to which it is a party; 

(ii) immediately after giving pro forma effect to such transaction or transactions (and treating any Indebtedness
which becomes an obligation of the surviving corporation as a result of such transaction as having been incurred by the surviving corporation at the time of such transaction or transactions), no Default or Event of Default exists; and 

(iii) KP Parent delivers to the Trustee an Officer’s Certificate and Opinion of Counsel, in each case, stating that
such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Section 5.01(c) and that all conditions precedent in this Indenture relating to such transaction have been satisfied and that this Indenture, the
Notes Guarantee constitute legal, valid and binding obligations of the Guarantor or the Person formed by or surviving any such consolidation and merger (as applicable) enforceable in accordance with their terms (provided that any such Opinion
of Counsel may assume matters of fact, including as a factual matter that one or more conditions precedent have occurred. 
 (d) The
provisions set forth in this Section 5.01 shall not restrict (and shall not apply to): (A) any Restricted Subsidiary that is not the Issuer or a Guarantor from consolidating with, merging or liquidating into or transferring all or
substantially all of its properties and assets to the Issuer, a Guarantor or any other Restricted Subsidiary that is not the Issuer or a Guarantor; (B) any Guarantor (other than KP Parent) from merging or liquidating into or transferring all or
part of its properties and assets to the Issuer or another Guarantor; (C) any consolidation or merger of the Issuer into any Guarantor; provided that, if the Issuer is not the surviving entity of such merger or consolidation, the
relevant Guarantor will assume the obligations of the Issuer under the Notes, this Indenture, the Intercreditor Agreement and any Additional Intercreditor Agreement and the Security Documents if any, to which it is a party and
Section 5.01(b)(i), Section 5.01(b)(ii) and Section 5.01(b)(i)(vi) shall apply to such transaction; and (D) the Issuer or any Guarantor consolidating into or merging or combining with an Affiliate incorporated or organized for
the purpose of changing the legal domicile of such entity, reincorporating such entity in another jurisdiction, or changing the legal form of such entity; provided, however, that Section 5.01(b)(i), Section 5.01(b)(ii) and
Section 5.01(b)(iv), Section 5.01(a)(i), Section 5.01(a)(ii), Section 5.01(a)(iii) and Section 5.01(a)(vi) or Section 5.01(c)(i) and Section 5.01(c)(iii), as the case may be, shall apply to any such transaction.

  
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 ARTICLE VI 

Defaults and Remedies 

SECTION 6.01 Events of Default. Each of the following is an “Event of Default” under this Indenture: 

(a) default in any payment of interest on any Note issued under this Indenture when due and payable, continued for 30 days; 

(b) default in the payment of the principal amount of or premium, if any, on any Notes issued under this Indenture due at its Stated
Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise; 
 (c) failure by KP Parent or any of KP
Parent’s Restricted Subsidiaries to comply for 60 days after notice by the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes with its other agreements contained in this Indenture; 

(d) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any
Indebtedness for money borrowed by KP Parent or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by KP Parent or any of its Restricted Subsidiaries) other than Indebtedness owed to KP Parent or a Restricted Subsidiary
whether such Indebtedness or Guarantee now exists, or is created after the Issue Date, which default: 
 (i) is caused
by a failure to pay principal at Stated Maturity on such Indebtedness, immediately upon the expiration of the grace period provided in such Indebtedness (the “payment default”); or 

(ii) results in the acceleration of such Indebtedness prior to its maturity (the “cross acceleration
provision”), 
 and, in each case, either the principal amount of any such Indebtedness, together with the principal amount of any
other such Indebtedness under which there has been a payment default or the maturity of which has been so accelerated, aggregates €25.0 million or more; 

(e) KP Parent, the Issuer, or any Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer, or any group of
Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Issuer), would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences proceedings to be adjudicated bankrupt or insolvent; 

(ii) consents to the institution of bankruptcy, or insolvency proceedings against it, or the filing by it of a petition or
answer or consent seeking reorganization or relief under applicable Bankruptcy Law; 

  
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 (iii) consents to the appointment of a receiver, liquidator, assignee, trustee,
sequestrator or other similar official of it or for all or substantially all of its property; 
 (iv) makes a general
assignment for the benefit of its creditors; or 
 (v) admits in writing that it is unable to pay its debts as they
become due; 
 (f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against KP Parent, the Issuer, or any Restricted Subsidiaries that is a Significant Subsidiary of KP
Parent or the Issuer or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant Subsidiary, in a proceeding in which KP Parent, the Issuer,
or any such Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute
a Significant Subsidiary of KP Parent or the Issuer, is to be adjudicated bankrupt or insolvent; 
 (ii) appoints a
receiver, liquidator, assignee, trustee, sequestrator or other similar official of KP Parent, the Issuer, or any Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer or any group of Restricted Subsidiaries that, taken
together (as of the latest audited consolidated financial statements for the Issuer), would constitute a Significant Subsidiary of KP Parent or the Issuer, or for all or substantially all of the property of KP Parent, the Issuer or any Restricted
Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant
Subsidiary of KP Parent or the Issuer; or 
 (iii) orders the liquidation of KP Parent, the Issuer or any Restricted
Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant
Subsidiary of KP Parent or the Issuer and the order or decree remains unstayed and in effect for 60 consecutive days; 
 (g) failure by
KP Parent, the Issuer or any Significant Subsidiary of KP Parent or the Issuer, or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant
Subsidiary to pay final judgments aggregating in excess of €25.0 million (exclusive of any amounts that a solvent insurance company has acknowledged liability for), which judgments are not paid, discharged or stayed for a period of 60 days
after the judgment becomes final (the “judgment default provision”); 

  
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 (h) any security interest under the Security Documents shall, at any time, cease to be in full
force and effect (other than in accordance with the terms of the relevant Security Document, the Intercreditor Agreement, any Additional Intercreditor Agreement and this Indenture and except through the gross negligence or willful misconduct of the
Trustee or Collateral Trustee) with respect to Collateral having a fair market value in excess of €5.0 million for any reason other than the satisfaction in full of all obligations under this Indenture or the release of any such security
interest in accordance with the terms of this Indenture, the Intercreditor Agreement, any Additional Intercreditor Agreement or the Security Documents or any such security interest created thereunder shall be declared invalid or unenforceable or KP
Parent, the Issuer or any Restricted Subsidiary shall assert in writing that any such security interest is invalid or unenforceable and any such Default continues for 10 days; and 

(i) any Notes Guarantee of a Guarantor ceases to be in full force and effect (other than in accordance with the terms of such Notes
Guarantee or this Indenture) or is declared invalid or unenforceable in a judicial proceeding or any Guarantor denies or disaffirms in writing its obligations under its Notes Guarantee and any such Default continues for 10 days. 

However, a default under Section 6.01(c), 6.01(d) or 6.01(g) will not constitute an Event of Default until the Trustee or the Holders of 25% in principal
amount of the outstanding Notes under this Indenture notify the Issuer of the default and, with respect to Sections 6.01(c) and 6.01(g) the Issuer does not cure such default within the time specified in Sections 6.01(c) or 6.01(g), as applicable,
after receipt of such notice. 
 SECTION 6.02 Remedies Upon Event of Default. Holders of the Notes may not enforce this Indenture or
the Notes except as provided in this Indenture and may not enforce the applicable Security Documents except as provided in such Security Documents and the Intercreditor Agreement or any Additional Intercreditor Agreement. 

Notwithstanding anything to the contrary herein, (i) if a Default occurs for a failure to deliver a required certificate in connection
with another default (an “Initial Default”) then at the time such Initial Default is cured, such Default for a failure to report or deliver a required certificate in connection with the Initial Default will also be cured without any
further action and (ii) any Default or Event of Default for the failure to comply with the time periods prescribed in Section 4.09 or otherwise to deliver any notice or certificate pursuant to any other provision of this Indenture shall be
deemed to be cured upon the delivery of any such report required by such covenant or notice or certificate, as applicable, even though such delivery is not within the prescribed period specified in this Indenture. 

SECTION 6.03 Acceleration. 

(a) If an Event of Default (other than an Event of Default in Section 6.01(e) and Section 6.01(f)) occurs and is continuing, the
Trustee by notice to KP Parent or the Holders of at least 25% in principal amount of the outstanding Notes under this Indenture by written notice to KP Parent and the Trustee, may, and the Trustee at the request of such Holders shall, declare the
principal of, premium, if any, and accrued and unpaid interest on all the Notes under this Indenture to be due and payable. Upon such a declaration, such principal, premium and accrued and unpaid interest will be due and payable immediately. If an
Event of Default in Section 6.01(e) and Section 6.01(f) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all the Notes will become and be immediately due and payable without any declaration or
other act on the part of the Trustee or any Holders. 

  
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 (b) In the event of a declaration of acceleration of the Notes because an Event of Default in
Section 6.01(d) has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically annulled if the event of default or payment default triggering such Event of Default pursuant to Section 6.01(d) shall be
remedied or cured, or waived by the holders of the Indebtedness, or the Indebtedness that gave rise to such Event of Default shall have been discharged in full, within 30 days after the declaration of acceleration with respect thereto and if
(i) the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (ii) all existing Events of Default, except nonpayment of principal, premium or interest on the
Notes that became due solely because of the acceleration of the Notes, have been cured or waived. 
 SECTION 6.04 Other Remedies.
Subject to Articles XI and XII and to the duties of the Trustee as provided for in Article VII, if an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of or interest on the
Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 The Trustee may maintain a proceeding even if it
does not possess any of the Notes or does not produce any of them in the proceeding. 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. 

To the extent permitted by the Intercreditor Agreement, the Trustee may direct the Collateral Trustee (subject to being indemnified or secured
to its satisfaction in accordance with the Intercreditor Agreement) to take enforcement action with respect to the Collateral if any amount is declared or becomes due and payable pursuant to Section 6.02 (but not otherwise). 

SECTION 6.05 Waiver of Past Defaults. The Holders of a majority in principal amount of the outstanding Notes under this Indenture may
waive all past or existing Defaults or Events of Default (except with respect to nonpayment of principal, premium, interest or Additional Amounts, if any) and rescind any such acceleration with respect to such Notes and its consequences if
rescission would not conflict with any judgment or decree of a court of competent jurisdiction. 
 SECTION 6.06 Control by Majority.
The Holders of a majority in principal amount of the Notes then outstanding may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the
Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of other Holders or would involve the
Trustee in personal liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. 

  
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 SECTION 6.07 Limitation on Suits. (a) Except to enforce the right to receive payment
of principal or interest when due, no Holder may pursue any remedy with respect to this Indenture or the Notes unless: 

(i) such Holder has previously given the Trustee notice that an Event of Default is continuing; 

(ii) the Holders of at least 25% in principal amount of the outstanding Notes have requested the Trustee to pursue the
remedy; 
 (iii) such Holders have offered the Trustee customary indemnification or security against any loss, liability
or expense; 
 (iv) the Trustee has not complied with such request within 60 days after the receipt of the request and
the offer of such indemnification or security; and 
 (v) the Holders of a majority in principal amount of the
outstanding Notes have not given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period. 

SECTION 6.08 Rights of Holders to Receive Payment. Subject to Section 9.02, the right of any Holder to receive payment of
principal of and interest on the Notes held by such Holder, on or after the respective due dates expressed or provided for in the Notes, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be
impaired or affected without the consent of such Holder. 
 SECTION 6.09 Collection Suit by Trustee. If an Event of Default specified
in Section 6.01(a) or Section 6.01(b) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer or any other obligor on the Notes for the whole amount then due and
owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section 7.06. 
 SECTION
6.10 Trustee May File Proofs of Claim. Subject to the Intercreditor Agreement, the Trustee may file such proofs of claim and other papers or documents and take such actions as may be necessary or advisable (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Issuer (or any other obligor upon
the Notes) or any Guarantor, their creditors or their property and, shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian 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 consents to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the properly
incurred compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by
a lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive 

  
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in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. 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 of any series or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim
of any Holder in any such proceeding. 
 SECTION 6.11 Priorities. If the Trustee or the Collateral Trustee collects any money or
property pursuant to this Article VI, it shall, subject to the terms of the Intercreditor Agreement, pay out the money or property in the following order: 

FIRST: to the Trustee, the Agents and the Collateral Trustee for amounts due under Section 7.02, Section 7.06 and Section 11.06;

 SECOND: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium, if any, interest and Additional Amounts, if
any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, interest and Additional Amounts, if any, respectively; 

THIRD: to the Issuer, any Guarantor or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.11. At least 15 days before such record date,
the Trustee shall deliver in accordance with Section 12.01 to each Holder and the Issuer a notice that states the record date, the payment date and amount to be paid. 

SECTION 6.12 Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against
the Trustee or the Collateral Trustee for any action taken or omitted by it as the Trustee or the Collateral 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 attorneys’ fees, 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. This
Section 6.12 does not apply to a suit by the Trustee, the Collateral Trustee or a Paying Agent, a suit by a Holder pursuant to Section 6.08 or a suit by Holders of more than 10% in principal amount of the Notes then outstanding. 

SECTION 6.13 Waiver of Stay or Extension Laws. The Issuer (to the extent it may lawfully do so) shall 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 wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Issuer (to
the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of
every such power as though no such law had been enacted. 
 SECTION 6.14 Restoration of Rights and Remedies. If the Trustee or the
Collateral Trustee or any Holder 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 the
Collateral Trustee or to 

  
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such Holder, then and in every such case, subject to any determination in such proceeding, the Issuer, any Guarantor, the Trustee, the Collateral Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee, the Collateral Trustee and the Holders shall continue as though no such proceeding had been instituted. 

SECTION 6.15 Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Notes in Section 2.11, no right or remedy herein conferred upon or reserved to the Trustee, or the Collateral Trustee or to the Holders 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 of any right or remedy hereunder, or otherwise,
shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 SECTION 6.16 Delay or Omission Not
Waiver. No delay or omission of the Trustee, or the Collateral Trustee or of any Holder of any Note 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 VI or by law to the Trustee, or the Collateral 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, as the case may be. 
 SECTION 6.17 Indemnification of Trustee. Prior to taking any action under this Article VI,
the Trustee shall be entitled to indemnification or other security satisfactory to it in its sole discretion against all losses, liabilities and expenses caused by taking or not taking such action. 

ARTICLE VII 
 Trustee 

SECTION 7.01 Duties of Trustee. (a) If an Event of Default, of which a Responsible Officer of the Trustee has actual knowledge,
has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture or an indenture supplement hereto and use the same degree of care and skill in its 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: 

(i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no
implied covenants or obligations shall be read into this Indenture against the Trustee; provided that to the extent the duties of the Trustee under this Indenture and the Notes may be qualified, limited or otherwise affected by the provisions
of the Notes Documents, the Trustee shall be required to perform those duties only as so qualified, limited or affected, and shall be held harmless and shall not Incur any liability of any kind for so acting; and 

  
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 (ii) 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, with respect to certificates or opinions
specifically required to be furnished to it hereunder, 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) and shall be entitled to seek advice from legal counsel in relation thereto. 
 (c)
The Trustee may not be relieved from liability for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct, except that: 

(i) this Section 7.01(c) does not limit the effect of Section 7.01(b); 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer unless it is
proved that the Trustee was grossly negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be
liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.03, Section 6.05 or Section 6.06. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to Section 7.01(a), Section 7.01(b) and
Section 7.01(c). 
 (e) No provision of this Indenture, the Intercreditor Agreement or the other Notes Documents shall require the
Trustee to expend or risk its own funds or otherwise Incur liability in the performance of any of its duties hereunder or under the Intercreditor Agreement or the other Notes Documents or to take or omit to take any action under this Indenture or
under the Intercreditor Agreement or the other Notes Documents or take any action at the request or direction of Holders if it has grounds for believing that repayment of such funds is not assured to it or it does not receive indemnity or security
satisfactory to it in its discretion against any loss, liability or expense which might be incurred by it in compliance with such request or direction nor shall the Trustee be required to do anything which is illegal or contrary to applicable laws.
The Trustee will not be liable to the Holders if prevented or delayed in performing any of its obligations or discretionary functions under this Indenture by reason of any present or future law applicable to it, by any governmental or regulatory
authority or by any circumstances beyond its control. No provision of this Indenture or of the Notes Documents shall require the Trustee to indemnify the Collateral Trustee, and the Collateral Trustee waives any claim it may otherwise have by
operation of law in any jurisdiction to be indemnified by the Trustee acting as principal vis-à-vis its agent, the Collateral Trustee (but this does not prejudice the Collateral Trustee’s rights to bring any claim or suit against the
Trustee (including for damages in the case of gross negligence or willful misconduct of the Trustee)). 
 (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 Issuer. 

  
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 (g) Money held in trust by the Trustee need not be segregated from other funds except to the
extent required by law. 
 (h) Each Holder, by its acceptance of any Notes and the Guarantees of the Notes by the Guarantors, if any,
consents and agrees to the Agreed Security Principles and the terms of the Notes Documents, the Intercreditor Agreement, and any other Security Documents to which the Trustee may be a party (including, without limitation, the provisions providing
for foreclosure and release of Collateral) as the same may be in effect or as may be amended from time to time in accordance with their terms and authorizes and directs the Trustee to enter into and perform its obligations and exercise its rights
under the Notes Documents, the Intercreditor Agreement, and such Security Documents in accordance therewith, to bind the Holders on the terms set forth in the Notes Documents, the Intercreditor Agreement, and such Security Documents and to execute
any and all documents, amendments, waivers, consents, releases or other instruments authorized or required to be executed by it pursuant to the terms thereof. 

SECTION 7.02 Rights of Trustee. 

(a) The Trustee may refrain from taking any action in any jurisdiction if the taking of such action in that jurisdiction would, in its
opinion, based upon legal advice in the relevant jurisdiction, be contrary to any law of that jurisdiction or, to the extent applicable, the State of New York. Furthermore, the Trustee may also refrain from taking such action if it would otherwise
render it liable to any Person in that jurisdiction, the State of New York or if, in its opinion based upon such legal advice, it would not have the power to take such action in that jurisdiction by virtue of any applicable law in that jurisdiction,
in the State of New York or if it is determined by any court or other competent authority in that jurisdiction, in the State of New York that it does not have such power. 

(b) The Trustee may conclusively rely and shall be fully protected in relying on any document believed by it to be genuine and to have been
signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document. 
 (c) Before the
Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s
Certificate or Opinion of Counsel. 
 (d) The Trustee may act through attorneys and agents and shall not be responsible for the misconduct
or negligence of any agent or attorney appointed with due care. 
 (e) The Trustee shall not be liable for any action it takes or omits to
take in good faith which it believes to be authorized or within its rights or powers conferred upon it by this Indenture, the Intercreditor Agreement or any Additional Intercreditor Agreement or any other Notes Document; provided,
however, that the Trustee’s conduct does not constitute willful misconduct or gross negligence. 

  
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 (f) The Trustee may retain professional advisers to assist it in performing its duties under this
Indenture, the Intercreditor Agreement or any Additional Intercreditor Agreement or any Notes Document. The Trustee may consult with counsel, and the advice or Opinion of Counsel with respect to legal matters relating to this Indenture and the Notes
shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 

(g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any Officer’s Certificate, Opinion of
Counsel, or any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, approval, bond, debenture, note, other evidence of Indebtedness 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 Issuer, personally or by agent or attorney at the sole cost of the Issuer. 
 (h) The Trustee shall be under no obligation
to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders pursuant to the provisions of this Indenture or the Intercreditor Agreement, unless such Holders shall have offered to
the Trustee indemnity or other security satisfactory to the Trustee against the costs, expenses and liabilities which may be incurred by it in compliance with such request, order or direction. 

(i) In the event the Trustee receives inconsistent or conflicting requests and indemnity from two or more groups of Holders, each representing
less than the majority in aggregate principal amount of the Notes then outstanding, pursuant to the provisions of this Indenture (as qualified, limited or otherwise affected by the provisions of the Intercreditor Agreement), the Trustee, in its sole
discretion, may determine what action, if any, shall be taken and shall be held harmless and shall not Incur any liability for its failure to act until such inconsistency or conflict is, in its reasonable opinion, resolved. 

(j) The Trustee shall have no duty to inquire as to the performance of the Issuer with respect to the covenants contained in Article VI.
Delivery of reports, information and documents to the Trustee under Section 4.09 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute actual or constructive notice of any information contained
therein or determinable from information contained therein, including the Issuer’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

(k) The Trustee shall not have any obligation or duty to monitor, determine or inquire as to compliance, and shall not be responsible or
liable for compliance with restrictions on transfer, exchange, redemption, purchase or repurchase, as applicable, of minimum denominations imposed under this Indenture or under applicable law or regulation with respect to any transfer, exchange,
redemption, purchase or repurchase, as applicable, of any interest in any Notes. 
 (l) If any Guarantor is substituted to make payments on
behalf of the Issuer pursuant to Article X, the Issuer shall promptly notify the Trustee of such substitution. 

  
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 (m) The rights, privileges, protections, immunities and benefits given to the Trustee, including
its right to be indemnified or secured to its satisfaction and to be compensated, are extended to, and shall be enforceable by the Trustee in each of its capacities hereunder, under the Intercreditor Agreement, any Additional Intercreditor
Agreements and the other Notes Documents, by the Collateral Trustee and by each Agent in their various capacities hereunder, custodian and other Person employed to act as agent hereunder. Each of the Trustee, each Agent and the Collateral Trustee
shall not be liable for acting in good faith on instructions believed by it to be genuine and from the proper party. 
 (n) The Trustee
shall not be required to give any bond or surety with respect to the performance of its duties or the exercise of its powers under this Indenture. 

(o) At any time that the security granted pursuant to the Security Documents has become enforceable and the Holders have given a direction to
the Trustee to enforce such security, the Trustee is not required to give any direction to the Collateral Trustee with respect thereto unless it has been indemnified in accordance with Section 7.01(e). In any event, in connection with any
enforcement of such security, the Trustee is not responsible for: 
 (i) any failure of the Collateral Trustee to
enforce such security within a reasonable time or at all; 
 (ii) any failure of the Collateral Trustee to pay over the
proceeds of enforcement of the Security; 
 (iii) any failure of the Collateral Trustee to realize such security for the
best price obtainable; 
 (iv) monitoring the activities of the Collateral Trustee in relation to such enforcement; 

(v) taking any enforcement action itself in relation to such security; 

(vi) agreeing to any proposed course of action by the Collateral Trustee which could result in the Trustee incurring any
liability for its own account; or 
 (vii) paying any fees, costs or expenses of the Collateral Trustee. 

(p) The permissive rights of the Trustee to take the actions permitted by this Indenture will not be construed as an obligation or duty to do
so. 
 (q) Anything in this Indenture to the contrary notwithstanding, in no event shall the Trustee be liable for any consequential loss
(including loss of business, goodwill, opportunity or profit of any kind) of the Issuer, any Restricted Subsidiary or any other Person (or, in each case, any successor thereto), or any punitive damages for which such party becomes liable even if
foreseeable and even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 (r)
The Trustee may assume without inquiry in the absence of actual knowledge of a Responsible Officer that the Issuer is duly complying with its obligations contained in this Indenture required to be performed and observed by it, and that no Default or
Event of Default or other event which would require repayment of the Notes has occurred. 

  
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 (s) In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of, or caused by, directly or indirectly, forces beyond its control, including, without limitation, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or
acts of God; it being understood that the Trustee shall use reasonable efforts that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

(t) The Trustee may request that the Issuer deliver an Officer’s Certificate setting forth the names of the individuals or titles of
officers authorized at such time to take specified actions pursuant to this Indenture or the Notes Documents, which Officer’s Certificate may be signed by any Person authorized to sign an Officer’s Certificate, including any Person
specified as so authorized in any such certificate previously delivered and not superseded. 
 (u) No provision of this Indenture shall
require the Trustee to do anything which, in its good faith opinion, may be illegal or contrary to applicable law or regulation. 
 (v) The
Trustee shall not be required to take notice or be deemed to have notice of any Default or Event of Default hereunder unless a Responsible Officer of the Trustee shall be specifically notified in writing of such Default or Event of Default by the
Issuer or by the Holders of at least 25% of the aggregate principal amount of Notes then outstanding, at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture. 

(w) The Trustee and the Paying Agent shall be entitled to make payments net of any Taxes or other sums required by any applicable law to be
withheld or deducted. 
 SECTION 7.03 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become
the owner or pledgee of Notes and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee; provided that any amounts due to the Trustee as a creditor of the Issuer or otherwise (other
than amounts due pursuant to Section 7.02, Section 7.06 and Section 11.06 of this Indenture), shall not be paid under Section 6.11 prior to amounts due to any Holder. For the avoidance of doubt, any Agent, Paying Agent, Transfer
Agent, Authenticating Agent or Registrar may do the same with like rights. 
 SECTION 7.04 Trustee’s Disclaimer. The Trustee
shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, the Intercreditor Agreement, the Security Documents or the Notes or the Notes Guarantee or any other Notes Document or the Collateral, it
shall not be accountable for the Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s direction under any provision of this Indenture, and it shall not be responsible for any statement of the
Issuer in this Indenture, the Offering Memorandum or any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication if signed by the Trustee. The Trustee shall not be charged
with knowledge of the identity of any Significant Subsidiary unless either (a) a Responsible Officer shall have actual knowledge thereof or (b) the Trustee shall have received notice thereof in accordance with Section 12.01 hereof
from the Issuer or any Holder. Nothing hereunder shall require the Trustee to file any financing or continuation statements or recording any documents or instruments in any public office at any time or otherwise perfecting or maintain the perfection
of any Lien or security interest in the Collateral. 

  
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 SECTION 7.05 Notice of Defaults. If a Default or Event of Default occurs and is continuing
and a Responsible Officer of the Trustee is informed in writing of such occurrence by KP Parent, the Trustee must give notice of the Default to the Holders within 60 days after being notified by KP Parent. Except in the case of a Default in the
payment of principal of, or premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as the Trustee determines that withholding notice is in the interests of the Holders. 

SECTION 7.06 Compensation and Indemnity. The Issuer, or, upon the failure of the Issuer to pay, each Guarantor (if any), jointly and
severally, shall pay to the Trustee from time to time such compensation as the Issuer and Trustee may from time to time agree for its acceptance of this Indenture and services hereunder and under the Notes Documents. The Trustee’s compensation
shall not be limited by any law on compensation of a trustee of an express trust. 
 In the event of the occurrence of an Event of Default
or the Trustee considering it expedient or necessary or being requested by the Issuer to undertake duties which the Trustee reasonably determines to be of an exceptional nature or otherwise outside the scope of the normal duties of the Trustee, the
Issuer shall pay to the Trustee such additional remuneration for such duties. 
 The Issuer and each Guarantor (if any), jointly and
severally, shall reimburse the Trustee promptly upon request for all properly incurred disbursements, advances and expenses incurred or made by it (as evidenced in an invoice from the Trustee), including costs of collection, in addition to the
compensation for its services. Such expenses shall include the properly incurred compensation and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Issuer and each Guarantor (if any), jointly
and severally, shall indemnify the Trustee, the Agents and their respective officers, directors, agents and employers against any and all loss, liability, Taxes or expenses (including properly incurred attorneys’ fees) incurred by or in
connection with the acceptance or administration of its duties under this Indenture and the Notes Documents, including the costs and expenses of enforcing this Indenture against the Issuer (including this Section 7.06) and defending itself
against any claim (whether asserted by the Issuer or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, under the Intercreditor Agreement, any Additional
Intercreditor Agreement or the Notes Documents, as the case may be. 
 The Trustee shall notify the Issuer of any claim for which it may
seek indemnity promptly upon obtaining actual knowledge thereof; provided, however, that any failure so to notify the Issuer shall not relieve the Issuer or any Guarantor of its indemnity obligations hereunder, under the Intercreditor
Agreement, any Additional Intercreditor Agreement or any other Notes Documents, as the case may be. Except in cases where the interests of the Issuer and the Trustee may be adverse, the Issuer shall defend the claim and the indemnified party shall
provide reasonable cooperation at the Issuer’s and any Guarantor’s expense in the defense. Notwithstanding the foregoing, such indemnified party may, in its sole discretion, assume the defense of the claim against it and the Issuer and any
Guarantor shall, jointly and severally, pay the properly incurred fees and expenses of the indemnified party’s defense (as evidenced in an invoice from the Trustee). Such indemnified 

  
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parties may have separate counsel of their choosing and the Issuer and any Guarantor, jointly and severally, shall pay the properly incurred fees and expenses of such counsel (as evidenced in an
invoice from the Trustee). The Issuer need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense incurred
by an indemnified party through such party’s own willful misconduct, gross negligence or fraud. 
 To secure the Issuer’s and any
Guarantor’s payment obligations in this Section 7.06, the Trustee, the Collateral Trustee and the Agents have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to
pay principal of and interest on particular Notes. 
 The Issuer’s and any Guarantor’s payment obligations pursuant to this
Section 7.06 and any lien arising thereunder shall survive the satisfaction or discharge of this Indenture, any rejection or termination of this Indenture under any Bankruptcy Law or the resignation or removal of the Trustee and the Agents.
Without prejudice to any other rights available to the Trustee and the Agents under applicable law, when the Trustee and the Paying Agents Incur expenses after the occurrence of a Default specified in Section 6.01(e) and Section 6.01(f)
with respect to the Issuer, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. 
 For the
avoidance of doubt, the rights, privileges, protections, immunities and benefits given to the Trustee in this Section 7.06, including its right to be indemnified, are extended to, and shall be enforceable by the Trustee in each of its
capacities hereunder, under the Intercreditor Agreement and any Additional Intercreditor Agreement and by the Collateral Trustee, each Agent, custodian and other Person employed with due care to act as agent hereunder. For purposes of this
Section 7.06, “Trustee” shall include any predecessor Trustee; provided, however, that the negligence or misconduct of any Trustee shall not affect the rights of any other Trustee hereunder. 

SECTION 7.07 Replacement of Trustee. (a) The Trustee may resign at any time by giving written notice to the Issuer. The Holders of
a majority in principal amount of the Notes then outstanding may remove the Trustee at any time by so notifying the Trustee and may appoint a successor Trustee. The Issuer shall be entitled to remove the Trustee or any Holder who has been a bona
fide Holder for not less than six months may petition any court for removal of the Trustee and appointment of a successor Trustee, if: 

(i) the Trustee has or acquires a conflict of interest in its capacity as Trustee that is not eliminated; 

(ii) the Trustee is adjudged bankrupt or insolvent; or 

(iii) the Trustee otherwise becomes incapable of acting as Trustee hereunder. 

(b) If the Trustee resigns, is removed pursuant to Section 7.07(a) or if a vacancy exists in the office of Trustee for any reason (the
Trustee in such event being referred to herein as the retiring Trustee), the Issuer shall promptly appoint a successor Trustee. Any removal or resignation of the Trustee shall not become effective until the acceptance of appointment by the successor
Trustee. 

  
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 (c) A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Issuer. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture and the Notes Documents. The
successor Trustee shall mail a notice of its succession to Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to the Trustee hereunder have been paid
and subject to the lien provided for in Section 7.06. 
 (d) If a successor Trustee does not take office within 30 days after the
retiring Trustee resigns or is removed, (i) the retiring Trustee or the Holders of 10% in principal amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee, or (ii) the retiring
Trustee may appoint a successor Trustee at any time prior to the date on which a successor Trustee takes office; provided that such appointment is reasonably satisfactory to the Issuer. 

(e) Notwithstanding the replacement of the Trustee pursuant to this Section 7.07, the Issuer’s obligations under Section 7.06
shall continue for the benefit of the retiring Trustee. 
 (f) For the avoidance of doubt, the rights, privileges, protections, immunities
and benefits given to the Trustee in this Article VII, including its right to be indemnified, are extended to, and shall be enforceable by each Agent and the Collateral Trustee employed to act hereunder. 

SECTION 7.08 Successor Trustee by Merger. Any corporation into which the Trustee may be merged or converted, or any corporation with
which the Trustee may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation, including affiliated corporations, to which the Trustee shall sell or
otherwise transfer: (a) all or substantially all of its assets or (b) all or substantially all of its corporate trust business shall, on the date when the merger, conversion, consolidation or transfer becomes effective and to the extent
permitted by any applicable laws and subject to any credit rating requirements set out in this Noted Indenture become the successor Trustee under this Noted Indenture without the execution or filing of any paper or any further act on the part of the
parties to this Noted Indenture, unless otherwise required by the Issuer, and after the said effective date all references in this Noted Indenture to the Trustee shall be deemed to be references to such successor corporation. Written notice of any
such merger, conversion, consolidation or transfer shall immediately be given to the Issuer by the Trustee. 
 In case at the time such
successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by this Indenture, any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the
certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes either in the
name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the
Trustee shall have. 

  
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 SECTION 7.09 Certain Provisions. Each Holder by accepting a Note authorizes and directs on
his or her behalf the Trustee to enter into and to take such actions and to make such acknowledgements as are set forth in this Indenture and the Intercreditor Agreement or other documents entered into in connection therewith. 

The Trustee shall not be responsible for the legality, validity, effectiveness, suitability, adequacy or enforceability of the Security
Documents or any obligation or rights created or purported to be created thereby or pursuant thereto or any security or the priority thereof constituted or purported to be constituted thereby or pursuant thereto, nor shall it be responsible or
liable to any Person because of any invalidity of any provision of such documents or the unenforceability thereof, whether arising from statute, law or decision of any court. The Trustee shall be under no obligation to monitor or supervise the
functions of the Collateral Trustee under the Security Documents and shall be entitled to assume that the Collateral Trustee is properly performing its functions and obligations thereunder and the Trustee shall not be responsible for any diminution
in the value of or loss occasioned to the assets subject thereto by reason of the act or omission by the Collateral Trustee in relation to its functions thereunder. The Trustee shall have no responsibility whatsoever to the Issuer, any Guarantor or
any Holder as regards any deficiency which might arise because the Trustee is subject to any tax in respect of the Security Documents, the security created thereby or any part thereof or any income therefrom or any proceeds thereof. 

SECTION 7.10 Agents; General Provisions. 

(a) The rights, powers, duties and obligations and actions of each Agent under this Indenture are several and not (i) joint or
(ii) joint and several. 
 (b) The Issuer and the Agents acknowledge and agree that in the event of a Default or Event of Default, the
Trustee may, by notice in writing to the Issuer and the Agents, require that the Agents act as agents of, and take instructions exclusively from, the Trustee. Until they have received such written notice from the Trustee, the Agents shall act solely
as agents of the Issuer. 
 (c) The Agents shall act solely as agents of the Issuer and shall have no fiduciary or other obligation towards,
or have any relationship of agency or trust, for or with any Person other than the Issuer, except as expressly stated elsewhere in this Indenture. 

(d) Any Agent may resign, without liability for doing so, and be discharged from its duties under this Indenture at any time by giving thirty
(30) days’ prior written notice of such resignation to the Trustee and Issuer. The Trustee or Issuer may remove any Agent at any time by giving thirty (30) days’ prior written notice to any Agent. Upon such notice, a successor
Agent shall be appointed by the Issuer, who shall provide written notice of such to the Trustee. Such successor Agent shall become the Agent hereunder upon the resignation or removal date specified in such notice. If the Issuer is unable to replace
the resigning Agent within thirty (30) days after such notice, the Agent may, in its sole discretion, deliver any funds then held hereunder in its possession to the Trustee or may appoint a successor Agent, provided that such appoint
shall be reasonably satisfactory to the Issuer and Trustee, or apply to a court of competent jurisdiction for the appointment of a successor Agent or for other appropriate relief. The costs and expenses (including its counsels’ fees and
expenses) properly incurred by the Agent in connection with such proceeding shall be paid by the Issuer. Upon receipt of the identity of the successor Agent, the Agent shall deliver any funds then held hereunder to the successor Agent, less the
Agent’s fees, costs and expenses or other obligations owed to the Agent. Upon its resignation and delivery of any funds, the Agent shall be discharged of and from any and all further obligations arising in connection with this Indenture. 

  
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 (e) Each Agent shall treat money paid to it in the same way as any other banker, and shall not be
liable for any interest earned thereon. Further, such money will not be held in accordance with the rules established by the Financial Conduct Authority in the Financial Conduct Authority Handbook of rules and guidance from time to time in relation
to client money. 
 (f) Publication of Notices. Any obligation the Agents may have to publish a notice to Holders of Global Notes on
behalf of Issuer will be met upon delivery of the notice to Euroclear or Clearstream. 
 (g) Instructions. In the event that
instructions given to any Agent are not reasonably clear, then such Agent shall be entitled to seek clarification from the Issuer or other party entitled to give the Agents instructions under this Indenture by written request promptly and in any
event within one Business Day of receipt by such Agent of such instructions. If an Agent has sought clarification in accordance with this Section 7.10, then such Agent shall be entitled to take no action until such clarification is provided,
and shall not incur any liability for not taking any action pending receipt of such clarification. 
 ARTICLE VIII 

Satisfaction and Discharge of Indenture; Defeasance 

SECTION 8.01 Satisfaction and Discharge of Liability on Notes; Defeasance. 

(a) This Indenture, and the rights of the Trustee and the Holders under the Intercreditor Agreement and any Additional Intercreditor Agreement
and the relevant Security Documents, will be discharged and cease to be of further effect (except as to surviving rights of conversion or transfer or exchange of the Notes, as expressly provided for in this Indenture) as to all outstanding Notes
when (i) either (A) all such Notes previously authenticated and delivered (other than certain lost, stolen or destroyed Notes, and certain Notes for which provision for payment was previously made and thereafter the funds have been
released to the Issuer) have been delivered to the Paying Agent for cancellation; or (B) all such Notes not previously delivered to the Paying Agent for cancellation (1) have become due and payable, (2) will become due and payable at
their Stated Maturity within one year or (3) are to be called for redemption within one year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Paying Agent in the name, and at the expense,
of the Issuer; (ii) the Issuer has deposited or caused to be deposited with the Trustee (or another entity designated or appointed as agent by the Trustee for this purpose), money or in euro or euro-denominated European Government Obligations
or a combination thereof in an amount sufficient to pay and discharge the entire Indebtedness on such Notes not previously delivered to the Paying Agent for cancellation, for principal, premium, if any, and interest to the date of deposit (in the
case of Notes that have become due and payable), or to the Stated Maturity or redemption date, as the case may be; (iii) the Issuer has paid or caused to be paid all other sums payable under this Indenture; (iv) the Issuer has delivered
irrevocable instructions to the Trustee to apply the funds deposited towards the payment of such Notes at maturity or 

  
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on the redemption date, as the case may be; and (v) KP Parent has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (which the Trustee may rely on without
further inquiry) each to the effect that all conditions precedent under this Section 8.01 of this Indenture relating to the satisfaction and discharge of this Indenture have been complied with, provided that any such counsel may rely on
any Officer’s Certificate as to matters of fact (including as to compliance with the foregoing clauses (i), (ii) and (iii)). 

(b) The Issuer at any time may terminate all obligations of the Issuer and the Guarantors under the Notes and this Indenture (“legal
defeasance option”) and cure all then existing Defaults and Events of Default, except for certain obligations, including those respecting the defeasance trust, the rights, powers, trusts, duties, immunities and indemnities of the Trustee
and the obligations of the Issuer in connection therewith and obligations concerning issuing temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for
security payments held in trust. Subject to the foregoing, if the Issuer exercises its legal defeasance option, the rights of the Trustee and the Holders under the Security Documents, the Intercreditor Agreement or any Additional Intercreditor
Agreement in effect at such time will terminate (other than with respect to the defeasance trust). 
 (c) The Issuer at any time may
terminate its and the Guarantors’ obligations in Article IV (other than clauses (i), (ii) and (iv) of Section 5.01(b)) and Section 4.14 and the default provisions relating to such provisions in Section 6.01, the
operation of the cross-default upon a payment default, the cross acceleration provisions, the bankruptcy provisions with respect to Significant Subsidiaries (other than KP Parent and the Issuer), the judgment default provision, and the guarantee
provision and the security default provision in Section 6.01 (“covenant defeasance”). 
 (d) The Issuer at its option
at any time may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. If the Issuer exercises its legal defeasance option, payment of the Notes may not be accelerated because of an Event of
Default with respect to such Notes. If the Issuer exercises its covenant defeasance option with respect to the Notes, payment of such Notes may not be accelerated because of an Event of Default specified in Section 6.01(c) (other than with
respect to clauses (i), (ii) and (iv) of Section 5.01(b)), Section 6.05(d), Section 6.05(e) and Section 6.05(f) (with respect only to the Significant Subsidiaries other than the Issuer), Section 6.01(g),
Section 6.01(h) and Section 6.01(i). 
 SECTION 8.02 Conditions to Defeasance. (a) The Issuer may exercise its legal
defeasance option or its covenant defeasance option only if the Issuer has irrevocably deposited in trust (the “defeasance trust”) with the Trustee (or another entity designated or appointed as agent by the Trustee for this
purpose), cash in euro or euro-denominated European Government Obligations or a combination thereof, in each case sufficient for the payment of principal, premium, if any, and interest on the Notes, to redemption or maturity, as the case may be, and
must comply with certain other conditions, including delivery to the Trustee of: 
 (i) an Opinion of Counsel in the
United States to the effect that Holders and Beneficial Owners of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such deposit and defeasance and will be subject to U.S. federal income tax on the
same amount and in the same manner and at the same times as would have been the case if 

  
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such deposit and defeasance had not occurred (and in the case of legal defeasance only, such Opinion of Counsel in the United States must be based on a ruling of the U.S. Internal Revenue Service
or other change in applicable U.S. federal income tax law); 
 (ii) an Officer’s Certificate stating that the
deposit was not made by the Issuer with the intent of defeating, hindering, delaying, defrauding or preferring any creditors of the Issuer; 

(iii) an Officer’s Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject to customary
assumptions and exclusions), each stating that all conditions precedent provided for or relating to legal defeasance or covenant defeasance, as the case may be, have been complied with; 

(iv) an Opinion of Counsel to the effect that the trust resulting from the deposit does not constitute, or is qualified
as, a regulated investment company under the U.S. Investment Company Act of 1940; and 
 (v) all other documents or
other information that the Trustee may reasonably require in connection with either defeasance option. 
 SECTION 8.03 Application of
Money. The Trustee shall apply the deposited money and the money from the European Government Obligations, as the case may be, deposited with it pursuant to Section 8.02 in accordance with this Indenture to the payment of principal of and
interest on the Notes. 
 SECTION 8.04 Repayment to Issuer. The Trustee and the Paying Agent shall promptly turn over to the Issuer
upon request any money or European Government Obligations held by it as provided in this Article VIII which, in the written opinion of an internationally recognized firm of independent public accountants delivered to the Trustee (which delivery
shall only be required if European Government Obligations have been so deposited), are in excess of the amount thereof which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIII.

 Subject to any applicable abandoned property law, the Trustee shall pay to the Issuer upon written request any money held by them for the
payment of principal or interest that remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to the Issuer for payment as general creditors, and the Trustee and the Paying Agent shall have no further liability with
respect to such monies. 
 SECTION 8.05 Indemnity for European Government Obligations. The Issuer and any Guarantor, jointly and
severally, shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited European Government Obligations or the principal and interest received on such European Government Obligations. 

SECTION 8.06 Reinstatement. If the Trustee is unable to apply any money, European Government Obligations in accordance with this
Article VIII by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and the

  
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Guarantors’ obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII until such time as the Trustee is
permitted to apply all such money, European Government Obligations in accordance with this Article VIII; provided, however, that if the Issuer has made any payment of principal of or interest on any Notes because of the reinstatement
of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money, European Government Obligations held by the Trustee. 

ARTICLE IX 
 Amendments and
Waivers 
 SECTION 9.01 Without Consent of Holders. Without the consent of any Holder, KP Parent, the Issuer, any Guarantor, the
Trustee and the other parties thereto, as applicable, may amend or supplement any Notes Documents relating to the Notes to: 
 (a) cure
any ambiguity, omission, defect, error or inconsistency; 
 (b) provide for the assumption by a successor Person (as defined in Article
V of this Indenture) of the obligations of KP Parent or any Restricted Subsidiary under any such Notes Document; 
 (c) add to the
covenants or provide for a Notes Guarantee for the benefit of the Holders or surrender any right or power conferred upon KP Parent or any Restricted Subsidiary; 

(d) make any change that would provide additional rights or benefits to the Trustee or the Holders or that does not adversely affect the
rights or benefits to the Trustee or any of the Holders in any material respect under such Notes Document; 
 (e) make such provisions
as necessary (as determined in good faith by the Board of Directors or a member of Senior Management of KP Parent) for the issuance of Additional Notes; 

(f) provide for any Restricted Subsidiary to provide a Notes Guarantee in accordance with Section 4.01 or Section 4.08, to add
Notes Guarantees with respect to the Notes, to add security to or for the benefit of the Notes, or to confirm and evidence the release, termination, discharge or retaking of any Notes Guarantee or Lien (including the Collateral and the Security
Documents) or any amendment in respect thereof with respect to or securing the Notes when such release, termination, discharge or retaking or amendment is provided for under this Indenture, the Security Documents, the Intercreditor Agreement or any
Additional Intercreditor Agreement; 
 (g) conform the text of this Indenture or the Notes to any provision of the section entitled
“Description of the Notes” in the Offering Memorandum to the extent that such provision in the “Description of the Notes” in the Offering Memorandum was intended to be a verbatim recitation of a provision of this
Indenture or the Notes; 
 (h) evidence and provide for the acceptance and appointment under this Indenture or the Intercreditor
Agreement or any Additional Intercreditor Agreement of a successor Trustee or the Collateral Trustee pursuant to the requirements thereof or to provide for the accession by the Trustee or the Collateral Trustee to any Notes Document relating to such
Note; 

  
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 (i) in the case of the Security Documents, to grant a Lien in favor of the Collateral
Trustee for the benefit of the Holders or parties to the Senior Secured Credit Facilities, in any property which is required by the Security Documents or the Senior Secured Credit Facilities (as in effect on the Issue Date) to be mortgaged, pledged
or hypothecated, or in which a security interest is required to be granted to the Collateral Trustee, or to the extent necessary to grant a security interest in the Collateral for the benefit of any Person; provided that the granting of such
security interest is not prohibited by this Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and Section 4.07 is complied with; or 

(j) as provided in Section 4.11. 

Notwithstanding anything to the contrary in this Section 9.01, in order to effect an amendment authorized by Section 9.01(c) or Section 9.01(f)
in respect of providing for a Notes Guarantee, it shall only be necessary for the supplemental indenture providing for the accession of an additional Guarantor to be duly authorized and executed by (i) the Issuer, (ii) KP Parent,
(ii) the additional Guarantor and (iii) the Trustee. 
 SECTION 9.02 With Consent of Holders. KP Parent, the Issuer, the
Trustee and the other parties thereto, as applicable, may amend, supplement or otherwise modify the Notes Documents with the consent of Holders of at least a majority in principal amount of the Notes then outstanding (including consents obtained in
connection with a purchase of, or tender offer or exchange offer for, Notes) and, subject to Section 6.05 and Section 6.08, any Default or compliance with any provisions thereof may be waived with the consent of the Holders of at least a
majority in principal amount of the Notes then outstanding (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes). Without the consent of Holders holding not less than 90% of the then outstanding
principal amount of the Notes, then outstanding (or, alternatively, the consent of each Holder affected thereby), an amendment or waiver may not, with respect to any Notes: 

(a) reduce the principal amount of Notes whose Holders must consent to an amendment, waiver or modification; 

(b) reduce the stated rate of or extend the stated time for payment of interest on any Note; 

(c) reduce the principal of or extend the Stated Maturity of any Note; 

(d) reduce the premium payable upon the redemption of any Note or change the time at which any Note may be redeemed, in each case as
described in Section 5 of the Notes; 
 (e) make any Note payable in money other than that stated in the Note; 

(f) impair the right of any Holder to receive payment of principal of and interest or Additional Amounts, if any, on such Holder’s
Notes on or after the due dates therefor or to institute suit for the enforcement of any such payment on or with respect to such Holder’s Notes; 

  
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 (g) make any change to Section 4.13 that adversely affects the right of any Holder of such
Notes in any material respect or amends the terms of such Notes in a way that would result in a loss of an exemption from any of the Taxes described thereunder or an exemption from any obligation to withhold or deduct Taxes so described thereunder
unless the Issuer or the applicable Payor agrees to pay Additional Amounts, if any, in respect thereof; 
 (h) release any security
interest granted for the benefit of the Holders in the Collateral other than in accordance with the terms of the Security Documents, the Intercreditor Agreement, any applicable Additional Intercreditor Agreement or this Indenture; 

(i) waive a Default or Event of Default with respect to the nonpayment of principal, premium or interest or Additional Amounts, if any,
on the Notes (except pursuant to a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of such Notes and a waiver of the payment default that resulted from such acceleration); 

(j) release any Guarantor from any of its obligations under its Notes Guarantee or this Indenture, except in accordance with the terms of
this Indenture and the Intercreditor Agreement; or 
 (k) make any change in the amendment or waiver provisions which require the
Holders’ consent described in this sentence. 
 In formulating its decision on such matters as are described in Section 9.01 and
Section 9.02, the Trustee shall be entitled to require and rely absolutely on such evidence as it deems necessary, including Officer’s Certificates and Opinions of Counsel. 

For so long as the Notes are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Issuer or KP Parent will
publish notice of any amendment, supplement and waiver in Luxembourg in a daily newspaper with general circulation in Luxembourg (which is expected to be the Luxemburger Wort) or, to the extent and in the manner permitted by such rules, post
such notice on the official website of the Luxembourg Stock Exchange (www.bourse.lu). 
 It shall not be necessary for the consent of
the Holders under this Section 9.02 to approve the particular form of any proposed amendment of the Notes Documents, but it shall be sufficient if such consent approves the substance thereof. A consent to any amendment or waiver under this
Indenture by any Holder of the Notes given in connection with a tender of such Holder’s Notes will not be rendered invalid by such tender. 

After an amendment under this Section 9.02 becomes effective, in case of Holders of Definitive Notes, the Issuer shall mail to the
Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 9.02. 

Except as set forth in this Section 9.02, the Notes issued on the Issue Date, and any Additional Notes, will be treated as a single class
for all purposes under this Indenture, including with respect to waivers and amendments. 

  
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 SECTION 9.03 Revocation and Effect of Consents and Waivers. 

(a) A written consent to an amendment or a waiver by a Holder shall bind the Holder and every subsequent Holder of that Note or portion
of the Notes that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on the Note. However, any such Holder or subsequent Holder may revoke the written consent or waiver as to such
Holder’s Note or portion of the Note if the Trustee receives the notice of revocation before the date on which the Trustee receives an Officer’s Certificate from the Issuer certifying that the requisite number of consents have been
received. After an amendment or waiver becomes effective, it shall bind every Holder. An amendment or waiver becomes effective upon the (i) receipt by the Issuer or the Trustee of the requisite number of consents, (ii) satisfaction of
conditions to effectiveness as set forth in this Indenture and any indenture supplemental hereto containing such amendment or waiver and (iii) execution of such amendment or waiver (or supplemental indenture) by the Issuer and the Trustee. 

(b) The Issuer may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their written
consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding Section 9.03(a), those Persons who were Holders at such record date (or their duly
designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders after such record date. No such consent
shall be valid or effective for more than 120 days after such record date. 
 SECTION 9.04 Notation on or Exchange of Notes. If an
amendment changes the terms of a Note, the Trustee may require the Holder of the Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and return it to the Holder. Alternatively, if
the Issuer or the Trustee so determines, the Issuer in exchange for the Note shall issue and the Trustee or an Authenticating Agent shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or to issue a
new Note shall not affect the validity of such amendment. 
 SECTION 9.05 Trustee and Collateral Trustee to Sign Amendments. The
Trustee, the Issuer and the Collateral Trustee shall sign any amendment authorized pursuant to this Article IX if the amendment does not impose any personal obligations on the Trustee or the Collateral Trustee or adversely affect the rights, duties,
liabilities or immunities of the Trustee and the Collateral Trustee under this Indenture and the Intercreditor Agreement, as applicable. If it does, the Trustee or the Collateral Trustee may, but need not, sign it. In signing such amendment the
Trustee and the Collateral Trustee shall be entitled to receive an indemnity or security satisfactory to it and to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of
Counsel stating that such amendment complies with this Indenture, the other Notes Documents and that such amendment has been duly authorized, executed and delivered and is the legally valid and binding obligation of the Issuer and the Guarantors (if
any) enforceable against them in accordance with its terms, subject to customary exceptions. Subject to this Section 9.05 and the terms of the Intercreditor Agreement, the Collateral Trustee shall at the direction of the Issuer sign amendments
to this Indenture. 

  
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 ARTICLE X 

Notes Guarantee 
 SECTION
10.01 Notes Guarantee. 
 (a) The Notes will be guaranteed, as of the Issue Date, by KP Parent and the Initial Guarantors. 

(b) Subject to this Article X, any Guarantor, as primary obligor and not merely as a surety, jointly and severally, unconditionally, on a
senior basis and subject to the Agreed Security Principles and any limitations set out herein or in any supplemental indenture, guarantees to each Holder of a Note authenticated and delivered by the Trustee (or the Authenticating Agent), to the
Trustee and its successors and assigns to the Collateral Trustee (on behalf of and for the benefit of the Holders, for the purpose of this Article X, and not in its individual capacity, but solely in its role as representative of the Holders in
holding and enforcing the Collateral and the Security Documents), irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Issuer hereunder or thereunder, that: 

(i) the principal of, Additional Amounts and premium, if any, and interest on, the Notes will be promptly paid in full
when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest, Additional Amounts and premium, if any, on the Notes (to the extent permitted by law) and all other obligations of the
Issuer to the Holders or the Trustee or the Collateral Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

(ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that 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 or otherwise. 

Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and severally
obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
 (c)
To the extent permitted by the applicable law and subject to the Agreed Security Principles, each Guarantor hereby agrees that its obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of the Notes or
this Indenture, the absence of any action or any delay or omission to assert any claim or to demand or enforce any remedy hereunder or thereunder, any waiver, surrender, release or consent by any Holder of the Notes with respect to any provisions
hereof or thereof, the recovery of any judgment against the Issuer, 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 Guarantor hereby waives
diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever and covenant that
this Guarantee will not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 

  
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 (d) If any Holder, the Trustee, or the Collateral Trustee is required by any court or otherwise
to return to or for the benefit of the Issuer, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Guarantors, any amount paid by either the Issuer or the Guarantors to the
Trustee, the Collateral Trustee, or such Holder, this Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect. 

(e) Each Guarantor agrees that it will 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 Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders, the Collateral Trustee, and the Trustee, on the other hand, 

(i) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VI hereof for the purposes
of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and 

(ii) in the event of any declaration of acceleration of such obligations as provided in Article VI, such obligations
(whether or not due and payable) will forthwith become due and payable by the Guarantors for the purpose of this Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right
does not impair the rights of the Holders under the Guarantee. 
 (f) Each Guarantor also agrees to pay any and all costs and expenses
(including attorneys’ fees and expenses) incurred by the Trustee or the Collateral Trustee in enforcing any rights under this Section 10.01. 

SECTION 10.02 Successors and Assigns. This Article X shall be binding upon each Guarantor and its successors and assigns and shall
inure to the benefit of the successors and assigns of the Trustee, the Collateral Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon that party in
this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture. 

Each party to this Indenture hereby agrees and undertakes to execute and deliver all such documents and do all such acts and things which are
legally required to fully and effectively give effect to this Section 10.02. 
 SECTION 10.03 No Waiver. Neither a failure nor a
delay on the part of the Collateral Trustee, the Trustee or the Holders in exercising any right, power or privilege under this Article X shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further
exercise of any right, power or privilege. The rights, remedies and benefits of the Collateral Trustee, the Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either
may have under this Article X at law, in equity, by statute or otherwise. 

  
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 SECTION 10.04 Modification. No modification, amendment or waiver of any provision of this
Article X, nor the consent to any departure by any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance
and for the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstances. 

SECTION 10.05 Execution of Supplemental Indenture for Guarantors. Each Subsidiary which is required to become a Guarantor pursuant to
this Indenture shall promptly execute and deliver to the Trustee a supplemental indenture in the form attached to this Indenture as Exhibit B pursuant to which such Subsidiary shall become a Guarantor under this Article X. Concurrently with the
execution and delivery of such supplemental indenture, the Issuer shall deliver to the Trustee an Opinion of Counsel (reasonably acceptable to the Trustee and subject to customary qualifications and assumptions) and an Officer’s Certificate to
the effect that such supplemental indenture and any Security Documents executed and delivered in connection with such supplemental indenture have been duly authorized, executed and delivered by such Subsidiary and that, subject to the application of
bankruptcy, insolvency, moratorium, fraudulent conveyance or transfer and other similar laws relating to creditors’ rights generally to the principles of equity, whether considered in a proceeding at law or in equity, and any other matters
which are set out as qualifications or reservations as to matters of law of general application, the Guarantee of such Guarantor and any Security Documents executed and delivered in connection with such supplemental indenture are a legally valid and
binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms and to such other matters as the Trustee may reasonably request. The obligations of a Guarantor executing and delivering a supplemental indenture
to this Indenture providing for a Guarantee of the Notes under this Article X shall be subject to such limitations as are mandated under applicable laws in addition to the limitations set forth in Section 10.07 and set out in the relevant
supplemental indenture. 
 SECTION 10.06 Release of the Notes Guarantee. 

(a) The Notes Guarantee of any Guarantor will be released: 

(i) other than with respect to KP Parent and any Restricted Subsidiary that is a Holding Company of the Issuer, upon a sale or
other disposition (including by way of consolidation or merger) of the Capital Stock of the relevant Guarantor (whether by direct sale or sale of a holding company) or the sale or disposition of all or substantially all the assets of the Guarantor
other than to the Issuer or a Restricted Subsidiary, if the sale or other disposition does not violate Section 4.05 and the Guarantor ceases to be a Restricted Subsidiary of KP Parent as a result of the sale or other disposition; 

(ii) upon the designation in accordance with this Indenture of the Guarantor as an Unrestricted Subsidiary; 

  
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 (iii) upon legal defeasance, covenant defeasance or satisfaction and discharge of
the Indenture, as provided in Article VIII; 
 (iv) in accordance with the provisions of the Intercreditor Agreement or
any Additional Intercreditor Agreement, including upon an enforcement action; 
 (v) as described under Article IX; 

(vi) as described in Section 4.08; 

(vii) as a result of any transaction permitted by Section 5.01. 

(b) The Trustee shall take all necessary actions, including the granting of releases or waivers under the Intercreditor Agreement or any
Additional Intercreditor Agreement, reasonably requested by the Issuer to effectuate any release of a Notes Guarantee in accordance with these provisions, subject to customary protections and indemnifications. Each of the releases set forth above
shall be effected by the Trustee without the consent of the Holders or any other action or consent on the part of the Trustee. 
 SECTION
10.07 Limitations on Obligations of Guarantors. 
 (a) Any term or provision of this Indenture to the contrary notwithstanding, the
maximum aggregate amount of the obligations guaranteed hereunder by any Guarantor shall not exceed the maximum amount that can be hereby guaranteed by the applicable Guarantor without rendering the Guarantee, as it relates to such Guarantor,
voidable under applicable laws relating to bankruptcy, dissolution, insolvency, reorganization, liquidation, moratorium, fraudulent conveyance, fraudulent transfer, fraudulent disposition, transactions at an undervalue, extortionate credit
transactions, preferences, improper corporate purpose or benefit, financial assistance, capital maintenance or similar laws affecting the rights of creditors generally. 

(b) Specific Limitation for Switzerland. Notwithstanding anything to the contrary in this Indenture or any other Notes Documents, the
obligations of any Guarantor incorporated under the laws of Switzerland (“Swiss Guarantor”) and the rights of the Holders and the Trustee under the Notes Documents are subject to the following limitations: If and to the extent that
a Swiss Guarantor is liable under any provision of this Indenture or any other Notes Documents, for obligations other than its own obligations or obligations of one of its Subsidiaries (i.e. obligations of its direct or indirect parent companies or
shareholders, respectively, (upstream security) or sister companies (including any companies held by any of its shareholders) (crossstream security)) (“Swiss Restricted Obligations”) and that complying with such obligations would
constitute a repayment of capital (Einlagerückgewähr), a violation of the legally protected reserves (gesetzlich geschützte Reserven) or the payment of a (constructive) dividend (Gewinnausschüttung) by such
Swiss Guarantor, the following shall apply: 
 (i) the aggregate liability of such Swiss Guarantor for Swiss Restricted Obligations
shall be limited to the Swiss Available Amount (as defined below) at the time such Swiss Guarantor is required to perform under the Notes Documents, provided that this is a requirement under applicable law at that time and further provided that such
limitation shall not free such Swiss Guarantor from its obligations in excess thereof, but merely postpone the performance date therefore until such times as performance is again permitted notwithstanding such limitation; 

  
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 (ii) for the purposes of paragraph (a), “Swiss Available Amount” means the
maximum amount of such Swiss Guarantor’s profits and reserves available for distribution to its shareholder(s) under applicable Swiss law, presently being the amount equal to the positive difference between (1) the assets of such Swiss
Guarantor and (2) the aggregate of such Swiss Guarantor ‘s (A) liabilities other than Swiss Restricted Obligations, (B) stated capital, (C) statutory reserves (gesetzliche Reserven) to the extent such reserves must be
maintained by mandatory law and (D) any freely disposable equity that has to be blocked for any loans granted by the Swiss Guarantor to a direct or indirect parent company of the Swiss Guarantor or a direct or indirect subsidiary of any parent
company, in each case under (A) through (D) to the extent such reserves must be maintained by mandatory law and precedents by the Swiss Federal Supreme Court; 

(iii) immediately after having been requested to perform Swiss Restricted Obligations under the Notes Documents, the relevant Swiss
Guarantor shall: 
 (A) perform any Swiss Restricted Obligations which are not affected by the above limitations; and

 (B) in respect of any remainder, if and to the extent requested by the Trustee or required under then applicable
Swiss law, provide the Trustee with an interim balance sheet audited by the statutory auditors of such Swiss Guarantor setting out the Swiss Available Amount and, immediately thereafter, pay the Swiss Available Amount (less, if required, any Swiss
Withholding Tax) to the Trustee to the extent not already covered by (i) above; 
 (iv) in respect of Swiss Restricted
Obligations, each Swiss Guarantor shall: 
 (A) if and to the extent required by applicable law in force at the relevant
time: 
 (1) subject to any applicable double tax treaties, deduct the Swiss Withholding Tax at the rate of thirty five
percent (35%) (or such other rate as is in force at that time) from any payment made by it in respect of Swiss Restricted Obligations; 

(2) pay any such deduction to the Swiss Federal Tax Administration; and 

(3) notify and provide evidence to the Holders that the Swiss Withholding Tax has been paid to the Swiss Federal Tax
Administration; and 
 (B) to the extent such deduction is made, not be required to make a gross-up indemnify or
otherwise hold harmless the Holders for the deduction of the Swiss Withholding Tax, notwithstanding anything to the contrary contained in the Notes Documents, unless such payment is permitted 

  
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under the laws of Switzerland then in force. Each Swiss Guarantor shall use its best efforts to ensure that any person which is, as a result of a payment under the Notes Documents, entitled to a
full or partial refund of the Swiss Withholding Tax, will, as soon as possible after the deduction of the Swiss Withholding Tax, (x) request a refund of the Swiss Withholding Tax under any applicable law (including double tax treaties) and
(y) pay to the Trustee upon receipt any amount so refunded; 
 (v) each Swiss Guarantor shall, and its parent shall procure that
such Swiss Guarantor will, take and cause to be taken all and any other action, including, without limitation, the passing of any shareholders’ resolutions to approve any payment or other performance under this Indenture or any other Notes
Documents and the receipt of any confirmations from such Swiss Guarantor’s auditors, which may be useful or required as a matter of Swiss mandatory law in force at the time it is required to make a payment or perform other obligations under
this Indenture or any other Notes Documents in order to allow a prompt payment and performance of other obligations under this Indenture or any other Notes Documents with a minimum of limitations; and 

(vi) if the enforcement of Swiss Restricted Obligations would be limited due to the effects referred to in this Section 10.07(b),
then such Swiss Guarantor shall to the extent permitted by applicable law and the relevant Swiss accounting standards and the Notes Documents (A) convert restricted reserves into profits and reserves freely available for the distribution as
dividends (B) revalue hidden reserves, (C) write-up or realize any of its assets that are shown in its balance sheet with a book value that is significantly lower than the market value of the assets, in case of realization, however, only
if such assets are not necessary for such Swiss Guarantor’s business (nicht betriebsnotwendig) and all such other measures necessary or useful to allow the Swiss Guarantor to make the payments agreed hereunder with a minimum of
limitations. 
 (c) Limitation of Liability for German Guarantors. 

(i) Notwithstanding anything to the contrary in any Notes Document, if and to the extent that the guarantee pursuant to this
Article X or any liability, indemnity or other payment obligation under the Notes Documents, of a Guarantor incorporated in Germany (the “German Guarantor”) established as a limited liability company (Gesellschaft mit
beschränkter Haftung – GmbH) (the “German Guarantor Guarantee”), guarantees or secures liabilities owed by a direct or indirect shareholder of the German Guarantor or by any subsidiary of such direct or indirect
shareholder (other than the German Guarantor itself and its subsidiaries), the enforcement of the German Guarantor Guarantee shall be limited to an amount which would not have the effect of reducing the German Guarantor’s net assets
(Reinvermögen) (the “Net Assets”) to an amount of less than its stated share capital (Stammkapital) or, if the Net Assets are already an amount of less than its stated share capital, of causing such amount to be
further reduced (a “Capital Impairment”). 

  
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 (ii) The amount of the Net Assets shall be determined in accordance with the
German Commercial Code (Handelsgesetzbuch, the “HGB”) consistently applied by the relevant German Guarantor in preparing its unconsolidated balance sheets (Jahresabschluss) according to section 42 of the German Limited
Liability Company Act (Gesetz betreffend die Gesellschaften mit beschränkter Haftung, the “GmbHG”) and sections 242, 264 of the HGB in the previous years, provided that: 

(A) any amounts not available for distribution to the shareholders of the German Guarantor in accordance with section 268
para. 8 of the HGB shall be deducted when calculating the amount of the Net Assets of the German Guarantor; 
 (B) the
amount of any increase of the stated share capital (Stammkapital) of such German Guarantor carried out after the date of this Agreement (1) that has been effected in violation of the provisions of this Agreement or (2) to the extent
that it is not fully paid up, provided that the corresponding claim against its shareholders is not accounted for as an asset in the balance sheet of the German Guarantor at the time of enforcement of the German Guarantor Guaranty, shall be deducted
from the relevant stated share capital (Stammkapital) of the German Guarantor; 
 (C) loans and other
liabilities incurred by such German Guarantor in violation of any of the Notes Documents; and 
 (D) any loans provided
to the relevant German Guarantor by a member of the Group shall be disregarded in calculating the liabilities of that German Guarantor if such loans are made (A) by a direct or indirect shareholder of the relevant German Guarantor or
(B) any member of the Group, but only if and to the extent a waiver (Erlass) of the loan provided to the relevant German Guarantor (y) would not result in that member of the Group or its management breaching any obligations under
applicable law, and (z) is otherwise permissible and possible (e.g. it could not be permissible and possible where the relevant member of the Group is itself in administration or cannot dispose of the relevant receivable because it is subject
to security). 
 (iii) In a situation where a Holder of a Note, the Trustee and its successors, the Collateral Trustee (on
behalf of and for the benefit of the Holders, for the purpose of this Article X, and not in its individual capacity, but solely in its role as representative of the Holders in holding and enforcing the Collateral and the Security Documents) (the
“Secured Parties”) would, but for this Article X, be entitled to and seek to enforce the German Guarantor Guarantee, such German Guarantor shall upon demand of the Trustee within three months of such demand being made, and to the
extent necessary to discharge its obligations under this German Guarantor Guarantee, realise any and all of its assets that are shown in the balance sheet with a book value (Buchwert) that is significantly lower than the market value of the
asset if such asset is not necessary for its business (nicht betriebsnotwendig) provided that such realisation is legally permitted. 

(iv) The limitations set out in Section 10.07(c)(i) shall not apply to any German Guarantor Guarantee for any amounts
payable on the Notes to the extent such amounts are on-lent, or otherwise passed on, to the respective German Guarantor or any of its subsidiaries and are not repaid at the day of a payment demand under the German Guarantor Guarantee. 

  
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 (v) The limitations set out in Section 10.07(c)(i) shall not apply in case
of a Capital Impairment if and to the extent: 
 (A) a domination agreement (Beherrschungsvertrag) or a profit
transfer agreement (Gewinnabführungsvertrag) is in place (“besteht”) between the German Guarantor (as a dominated party) and the relevant primary obligor (either directly or indirectly through a chain of domination
and/or profit transfer agreements) each within the meaning of section 291 of the German Act on Stock Corporations (Aktiengesetz), with the German Guarantor as dominated entity (beherrschtes Unternehmen) (a “DPTA”) unless the
existence of such DPTA does not lead to the inapplicability of Section 30 para.1 sentence 1 GmbHG; or 
 (B) the
payments by the German Guarantor under the German Guarantor Guarantee are covered by a valuable consideration or recourse claim (vollwertiger Gegenleistungs- oder Rückgewähranspruch) against any of its direct or indirect
shareholders or the Issuer of any other Guarantor for whose liabilities the German Guarantor Guarantee was taken out; or 

(C) the German Guarantor has not abided to any of its obligations pursuant to Section 10.07(c)(i); or (D) that
they are not necessary for the purposes of protecting the German Guarantor’s managing directors from the risk of personal liability pursuant to section 30 of the GmbHG. 

(vi) The limitations set out in Section 10.07(c)(i) shall only apply to amounts demanded under the German Guarantor
Guarantee if: 
 (A) within 15 Business Days (for the purposes of this Section 10.07(c) only, the term
“Business Day” shall mean any banking day (Bankarbeitstag) of the German Central Bank (Bundesbank)) following the receipt by the German Guarantor of a payment demand under the German Guarantor Guarantee, such amounts
have been confirmed by the managing directors on behalf of such German Guarantor in writing to the Trustee of not being enforceable because of causing a Capital Impairment (taking into account the adjustments set out in Section 10.07(c)(i)) and
such confirmation is supported by evidence reasonably satisfactory to the Trustee, e.g. interim financial statements (Stichtagsbilanz) and a detailed calculation of its Net Assets (the “Management Determination”); or 

(B) the Trustee disagrees with the Management Determination and notifies the German Guarantor accordingly in writing (the
“Contesting Notice”), within 25 Business Days following the receipt by the German Guarantor of such Contesting Notice, such amounts have been determined by a firm of auditors of international standing and reputation appointed by the
relevant German Guarantor or any other auditor appointed by the relevant German Guarantor and approved by the Trustee (the “Auditors’ Determination”) of not being enforceable because of causing a Capital Impairment (taking into
account the adjustments set out in Section 

  
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10.07(c)(i)). Upon delivery of the Auditors’ Determination the relevant German Guarantor shall promptly pay such additional amounts under the German Guarantor Guarantee that have been
demanded but not been paid on the basis of the Management Determination, and that the Auditors’ Determination confirms can be paid without exceeding the limitations set out in Section 10.07(c)(i). 

(vii) If and to the extent that the German Guarantor Guarantee has been enforced without regard to the limitation set forth in
Section 10.07(c)(vi)(A) because the amount of the available Net Assets pursuant to the Auditors’ Determination is lower than the amount stated in the Management Determination, the Trustee and the other Secured Parties shall, upon written
demand of the relevant German Guarantor to the Trustee, such demand to be made no later than one month after the enforcement of the German Guarantor Guarantee, repay such amounts (if and to the extent already paid to the Collateral Trustee or the
other Secured Parties) which exceed the amounts calculated in the Auditors’ Determination as necessary to avoid a Capital Impairment of such German Guarantor provided that the Trustee shall repay such amounts to the extent either not
distributed to the other Secured Parties pursuant to the terms of the Notes Documents, or if already distributed, to the extent such Secured Party has repaid the distributed amount to the Trustee. 

(viii) In addition to the restrictions set out in this Section 10.07(c), if a German Guarantor demonstrates that,
according to decisions of the German Federal Supreme Court (Bundesgerichtshof) or a higher regional court of appeals (Oberlandesgericht), the enforcement of the Guarantee against such German Guarantor would result in personal liability
of its managing director(s) for a reimbursement of payments made under the Guarantee (including pursuant to section 64 sentence 3 GmbHG or section 826 of the German Civil Code (Bürgerliches Gesetzbuch)), the Trustee shall only be
entitled to enforce the Guarantee to the extent possible without the managing directors incurring such liability. In case of a limitation on the enforcement of the German Guarantor Guarantee pursuant to the preceding sentence, the German Guarantor
shall take all reasonable measures (including measures pursuant to paragraph (c) above) in order to increase the German Guarantor’s liquidity (Zahlungsfähigkeit) to the extent necessary to satisfy the amounts demanded under the
German Guarantor Guarantee. 
 (ix) The provisions in this Section 10.07(c) shall apply, mutatis mutandis, to any German
Guarantor being a limited partnership (Kommanditgesellschaft) with a limited liability company as its general partner (GmbH & Co. KG), provided that any Capital Impairment shall be determined in relation to any of its
general partners and the sum of their Net Assets. 
 (x) Nothing in this Section 10.07(c) shall limit the enforceability
(subject to the restrictions set forth in this Section 10.07(c)) legality or validity of the German Guarantor Guarantee nor prevent the Trustee from claiming in court that the provision of any German Guarantor Guarantee and/or demanding payment
under any German Guarantor Guarantee does not fall within the scope of any statutory limitations. Neither shall the Trustee’s rights 

  
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to any remedies it may have against any Guarantor be limited if any statutory limitations are determined by any competent court to be inapplicable. The agreement of the Trustee to abstain from
demanding (partial) payment under a German Guarantor Guarantee in accordance with the provisions above shall not constitute a waiver (Verzicht) of any security right granted under this Agreement or any other Notes Document to the Trustee or
the Collateral Trustee or a definite defense (Einwendung) of any German Guarantor against any of the secured obligations other than expressly set out herein. 

SECTION 10.08 Non-Impairment. The failure to endorse a Guarantee on any Note shall not affect or impair the validity thereof. 

ARTICLE XI 
 Collateral,
Security Documents and the Collateral Trustee 
 SECTION 11.01 Collateral and Security Documents. 

(a) The payment obligations of the Issuer and any Guarantors under the Notes, the Notes Guarantee, if any, and this Indenture will benefit
from the Collateral and property and assets that thereafter secure the obligations under this Indenture, the Notes or any Guarantee of the Notes pursuant to any Security Documents (including pursuant to Section 4.08). 

The Issuer will deliver to the Collateral Trustee or the Trustee, as applicable, copies of all documents delivered to the Collateral Trustee
or the Trustee, as applicable, pursuant to the Security Documents, and the Security Providers, KP Parent and the Issuer will, and the Issuer will cause each of its Restricted Subsidiaries to, do or cause to be done all such acts and things as may be
necessary or proper, or as may be required by the provisions of the Security Documents, to assure and confirm to the Trustee that the Collateral Trustee or the Trustee, as applicable, holds, for the benefit of the Trustee and the Holders, duly
created, enforceable and perfected Liens as contemplated hereby and by the Security Documents, so as to render the same available for the security and benefit of this Indenture and of the Notes secured thereby, according to the intent and purposes
herein expressed. Neither the Trustee nor the Collateral Trustee nor any of their respective officers, directors, employees, attorneys or agents will be responsible or liable for the existence, genuineness, value or protection of any property
securing the Notes, for the legality, enforceability, effectiveness or sufficiency of the Security Documents, for the creation, perfection, priority, sufficiency or protection of any Lien, or for any defect or deficiency as to any such matters, or
for any failure to demand, collect, foreclose or realize upon or otherwise enforce any of the Liens or Security Documents or any delay in doing so. 

(b) Each of the Security Providers, KP Parent, the Issuer, the Trustee and the Holders agrees that the Collateral Trustee or the Trustee, as
applicable, shall be the joint creditor (together with the Holders) of each and every obligation of the parties hereto under the Notes and this Indenture, and that accordingly the Collateral Trustee or the Trustee, as applicable, will have its own
independent right to demand performance by the Security Providers, KP Parent and the Issuer of those obligations, except that such demand shall only be made with the prior written notice to the Trustee and as permitted under the Intercreditor
Agreement. However, any discharge of such obligation to the Collateral Trustee, on the one hand, or to the Trustee or the Holders, as applicable, on the other hand, shall, to the same extent, discharge the corresponding obligation owing to the
other. 

  
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 (c) The Collateral Trustee and the Trustee agree that each of them will hold, as applicable, the
security interests in the Collateral created under the Security Documents to which it is a party as contemplated by this Indenture and the Intercreditor Agreement, and any and all proceeds thereof, for the benefit of, among others, the Trustee or
the Holders, without limiting the rights of the Collateral Trustee or the Trustee, as applicable, including under Section 11.02, to act in preservation of the security interest in the Collateral. The Collateral Trustee will, subject to being
indemnified or secured in accordance with the Intercreditor Agreement, take action or refrain from taking action in connection therewith only as directed by the Trustee, subject to the terms of the Intercreditor Agreement. 

(d) Each Holder, by its acceptance thereof of a Note, shall be deemed (i) to have consented and agreed to the terms of the Security
Documents, the Intercreditor Agreement and any Additional Intercreditor Agreement entered into in compliance with Section 4.11 (including, without limitation, the provisions providing for foreclosure and release of the Notes and the Notes
Guarantees and the Collateral, including upon enforcement) and authorizing the Collateral Trustee to enter into the Security Documents on its behalf, in each case, as these may be amended from time to time, (ii) to have authorized the Trustee
and the Collateral Trustee, as applicable, to enter into the Security Documents and the Intercreditor Agreement and to be bound thereby and to perform their obligations and exercise their rights thereunder in accordance therewith and
(iii) appointed and authorized the Trustee and the Collateral Trustee to give effect to the provisions in the Intercreditor Agreement, any Additional Intercreditor Agreements and the Security Documents. Each Holder, by accepting a Note,
appoints the Collateral Trustee and the Trustee, as applicable as its trustee, security agent or representative under the Security Documents and authorizes the Collateral Trustee and the Trustee to act on such Holder’s behalf, including by
entering into and complying with the provisions of the Intercreditor Agreement. The Trustee hereby acknowledges that the Collateral Trustee is authorized to act under the Security Documents on behalf of the Trustee, with the full authority and
powers of the Trustee thereunder. Each of the Collateral Trustee and the Trustee is hereby authorized to exercise such rights, powers and discretions as are specifically delegated to it by the terms of the Security Documents, including the power to
enter into the Security Documents, as trustee, security agent or on behalf of the Holders and the Trustee, together with all rights, powers and discretions as are reasonably incidental thereto or necessary to give effect to the trusts created or
authorization conferred thereunder. The Collateral Trustee shall, however, at all times be entitled to seek directions from the Trustee and shall be obligated to follow those directions if given. The Collateral Trustee hereby accepts its appointment
as the trustee of the Holders and the Trustee under the Security Documents, and its authorization to so act on such Holders’ and the Trustee’s behalf. The claims of Holders will be subject to the Intercreditor Agreement and any Additional
Intercreditor Agreement entered into in compliance with Section 4.11. 
 (e) Subject to Section 4.07, the Issuer is permitted to
pledge the Collateral in connection with future issuances of its Indebtedness or Indebtedness of its Restricted Subsidiaries, including any Additional Notes, in each case, to the extent permitted under this Indenture and on terms consistent with the
relative priority of such Indebtedness. 

  
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 SECTION 11.02 Suits To Protect the Collateral. Subject to the provisions of the Security
Documents and the Intercreditor Agreement, each of the Collateral Trustee and the Trustee, as applicable, shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral
by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Collateral Trustee or the Trustee, in its sole discretion, may deem expedient to preserve or protect the
security interests in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or
order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee). 

SECTION 11.03 Resignation and Replacement of Collateral Trustee. Any resignation or replacement of, the Collateral Trustee shall be
made in accordance with the Intercreditor Agreement. 
 SECTION 11.04 Amendments. Subject to the rights and obligations of the
Collateral Trustee under the terms of the Intercreditor Agreement, the Collateral Trustee agrees that it will enter into an amendment to the Intercreditor Agreement or enter into or amend any other Additional Intercreditor Agreement entered into in
accordance with Section 4.11 upon a direction of the Trustee to do so, given in accordance with Section 4.11, subject to the Intercreditor Agreement and subject to any applicable limitations set for in any Debt Documents (as defined in the
Intercreditor Agreement). The Collateral Trustee shall sign any amendment authorized pursuant to Article IX if the amendment does not adversely affect the rights, duties, liabilities or immunities of the Collateral Trustee, subject to the rights and
obligations of the Collateral Trustee under the terms of the Intercreditor Agreement. 
 SECTION 11.05 Release of Liens. 

(a) The Issuer and any applicable Guarantors granting Collateral will be entitled to release Security Interests in respect of such Collateral
owned by any such Person under any one or more of the following circumstances: 
 (i) in connection with any sale or
other disposition of Collateral to (A) a Person that is not KP Parent, the Issuer or a Restricted Subsidiary (but excluding any transaction subject to Section 5.01), if such sale or other disposition does not violate Section 4.05; or
(B) any Restricted Subsidiary that is not a Guarantor; provided that this clause (B) shall not be relied upon in the case of a transfer of Capital Stock to a Restricted Subsidiary (except to a Receivables Subsidiary); 

(ii) in the case of a Guarantor that is released from its Notes Guarantee pursuant to the terms of this Indenture, the
release of the property and assets, and Capital Stock, of such Guarantor; 
 (iii) as described under Article IX; 

(iv) upon payment in full of principal, interest and all other obligations under the Notes or legal defeasance, covenant
defeasance or satisfaction and discharge of the Notes, as provided in Article VIII; 
 (v) upon the designation of any
Restricted Subsidiary as an Unrestricted Subsidiary in accordance with the applicable provisions of this Indenture, the release of the property and assets, and Capital Stock, of such Unrestricted Subsidiary; 

  
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 (vi) in accordance with the Intercreditor Agreement and any Additional
Intercreditor Agreement, including an automatic release of Collateral in the case of a sale of the Collateral pursuant to an enforcement actions by the creditors under the Senior Secured Credit Facilities Agreement pursuant to the terms of the
Intercreditor Agreement; 
 (vii) as permitted by Section 4.07; or 

(viii) as otherwise permitted in accordance with this Indenture. 

(b) Security Interests in respect of the Collateral owned by KP Parent will be released to the extent specified by, and under the
circumstances described in, Section 11.05(a)(iii), Section 11.05(a)(iv), Section 11.05(a)(vi), Section 11.05(a)(vii) and Section 11.05(a)(viii). Additionally, the Security Interests in any Collateral owned by KP Parent will
be released to the extent necessary in connection with a sale, assignment or transfer by KP Parent of the Capital Stock of a direct Subsidiary thereof, in a manner that would constitute a Change of Control or Specified Change of Control Event;
provided that (i) no Default or Event of Default is caused by such transaction and (ii) the Person to which such sale, assignment, transfer, conveyance or other disposition is made accedes to the Intercreditor Agreement and any
Additional Intercreditor Agreement and either accedes to the Security Documents to which KP Parent is a party or enters into new Security Documents pursuant to which the Collateral previously held by KP Parent is pledged 

(c) The Collateral Trustee and the Trustee (to the extent action is required by it in order to effectuate such release) will take all
necessary action reasonably requested by the Issuer to effectuate any release of Collateral securing the Notes and the related Notes Guarantees, in accordance with the provisions of this Indenture, the Intercreditor Agreement, any Additional
Intercreditor Agreement and the relevant Security Document. Each of the releases set forth above shall be effected by the Collateral Trustee without the consent of the Holders of Notes or any action on the part of the Trustee (unless action is
required by it to effect such release). 
 (d) The Collateral Trustee and the Trustee will agree to any release of the Security Interest in
respect of the Collateral that is in accordance with this Indenture, the Intercreditor Agreement, any Additional Intercreditor Agreement and the relevant Security Document, without requiring any Holder consent or any action on the part of the
Trustee. Upon request of the Issuer, upon receipt of an Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent in respect of such release have been satisfied, the Collateral Trustee shall execute, deliver or
acknowledge any necessary or proper instruments of termination, satisfaction or release to evidence the release of Collateral permitted to be released pursuant to this Indenture, the Intercreditor Agreement, any Additional Intercreditor Agreement
and the Security Documents. At the request of the Issuer, the Collateral Trustee shall execute and deliver an appropriate instrument evidencing such release. 

  
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 SECTION 11.06 Compensation and Indemnity. The Issuer, failing which the Guarantors, if
any, to the extent legally possible and subject to the Agreed Security Principles, shall pay to the Collateral Trustee from time to time compensation for its services, subject to any terms of the Intercreditor Agreement as in effect from time to
time which may address the compensation of the Collateral Trustee. The Collateral Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer and each Guarantor, if any, jointly and
severally, if any, to the extent legally possible and subject to the Agreed Security Principles, shall reimburse the Collateral Trustee upon request for all out-of-pocket expenses properly incurred or made by it (as evidenced in an invoice from the
Collateral Trustee), including costs of collection, in addition to the compensation for its services. Such expenses shall include the properly incurred compensation and expenses, disbursements and advances of the Collateral Trustee’s agents,
counsel, accountants and experts. The Issuer and each Guarantor, if any, jointly and severally shall indemnify the Collateral Trustee and its officers, directors, agents and employers against any and all loss, liability or expense (including
properly incurred attorneys’ fees) incurred by or in connection with its rights, duties, and obligations under this Indenture, the Intercreditor Agreement, any Additional Intercreditor Agreement or the Security Documents, as the case may be,
including the properly incurred costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any such rights, powers or duties. The Collateral Trustee shall notify the Issuer of any claim
for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided, however, that any failure so to notify the Issuer shall not relieve the Issuer or any Guarantor of its indemnity obligations hereunder, under the
Intercreditor Agreement, any Additional Intercreditor Agreement or the Security Documents, as the case may be. The Issuer shall defend the claim and the indemnified party shall provide cooperation at the Issuer’s and any Guarantor’s
expense in the defense. Notwithstanding the foregoing, such indemnified party may, in its sole discretion, assume the defense of the claim against it and the Issuer and each Guarantor, if any, shall, jointly and severally, pay the properly incurred
fees and expenses of the indemnified party’s defense (as evidenced in an invoice from the Collateral Trustee). Such indemnified parties may have separate counsel of their choosing and the Issuer and the Guarantors, jointly and severally, if
any, to the extent legally possible and subject to the Agreed Security Principles, shall pay the properly incurred fees and expenses of such counsel (as evidenced in an invoice from the Collateral Trustee). The Issuer need not pay for any settlement
made without its consent, which consent shall not be unreasonably withheld. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party through such party’s own willful
misconduct or negligence. 
 To secure the Issuer’s and any Guarantor’s payment obligations in this Section 11.06, the
Collateral Trustee shall, subject to the Intercreditor Agreement and any Additional Intercreditor Agreement, have a lien on the Collateral and the proceeds of the enforcement of the Collateral for all monies payable to it under this
Section 11.06. 
 The Issuer’s and any Guarantor’s payment obligations pursuant to this Section 11.06 and any lien
arising hereunder shall, if any, to the extent legally possible and subject to the Agreed Security Principles (as applicable), survive the satisfaction or discharge of this Indenture, any rejection or termination of this Indenture under any
Bankruptcy Law or the resignation or removal of the Collateral Trustee. Without prejudice to any other rights available to the Collateral Trustee under applicable law, when the Collateral Trustee incurs expenses after the occurrence of a Default
specified in Section 6.01(e) or Section 6.01(f) with respect to the Issuer, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. 

  
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 SECTION 11.07 Conflicts. Each of the Issuer, the Guarantors (if any), the Trustee and the
Holders acknowledge and agree that the Collateral Trustee is acting as security agent not just on their behalf but also on behalf of the creditors named in the Intercreditor Agreement and acknowledge and agree that pursuant to the terms of the
Intercreditor Agreement, the Collateral Trustee may be required by the terms thereof to act in a manner which may conflict with the interests of the Issuer, the Guarantors, the Trustee and the Holders (including the Holders’ interests in the
Collateral and the Notes Guarantee) and that it shall be entitled to do so in accordance with the terms of the Intercreditor Agreement. 

ARTICLE XII 
 Miscellaneous

 SECTION 12.01 Notices. Any notice or communication shall be in writing and delivered in person or mailed by first-class mail
addressed as follows: 
 if to the Issuer: 

Klöckner Pentaplast of America, Inc. 

3585 Kloeckner Road 

Gordonsville, VA 22942 
 United
States 
 Fax: +49 2602 915 9725 

Attn: Dr. Markus Hölzl, Chief Financial Officer 

and 
 Kirkland & Ellis
International LLP 
 30 St Mary Axe 

London EC3A 8AF 
 United Kingdom

 Fax No: +44 20 7469 2001 

Attention: William Burke 
 if to
the Trustee: 
 Deutsche Trustee Company Limited 

Winchester House 
 1 Great
Winchester Street 
 London EC2N 2DB 

United Kingdom 
 Attention:
Managing Director, Trust & Security Services 
 Fax: +44 207 547 6149 

if to the Paying Agent: 

Deutsche Bank AG, London Branch 

Winchester House 
 1 Great
Winchester Street 
 London EC2N 2DB 

United Kingdom 
 Attention:
Debt & Agency Services 
 Fax: +44 207 547 6149 

  
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 if to the Registrar, Transfer Agent or Listing Agent: 

Deutsche Bank Luxembourg S.A. 

2, Boulevard Konrad Adenauer 

L-1115 Luxembourg 
 Grand Duchy
of Luxembourg 
 Attention: Lux Registrar 

Fax: +352 473 136 
 if to the
Collateral Trustee: 
 Credit Suisse AG, Cayman Islands Branch 

Eleven Madison Avenue, 6th Floor 

New York, NY 10010 
 United
States 
 Attention: Loan Operations – Boutique Management 

Fax: +1 212-325-8315 
 Each of
the Issuer or the Trustee by notice to the others may designate additional or different addresses for subsequent notices or communications. 

Any notice or communication sent to a Holder of (i) Definitive Registered Notes shall be in writing and shall be made by first-class
mail, postage prepaid, or by hand delivery to the Holder at the Holder’s address as it appears on the registration books of the Registrar, or (ii) Global Notes shall be delivered to the Depositary, Euroclear and Clearstream, as applicable,
for communication to entitled account holders, in each case with a copy to the Trustee. 
 For so long as any of the Notes are listed on the
Luxembourg Stock Exchange and the rules of the Luxembourg Stock Exchange so require, notices of the Issuer or KP Parent with respect to the Notes will be published in a daily newspaper with general circulation in Luxembourg (which is expected to be
the Luxemburger Wort) or, to the extent and in the manner permitted by such rules, post such notice on the official website of the Luxembourg Stock Exchange (www.bourse.lu). In addition, for so long as any Notes are represented by
Global Notes, all notices to Holders of the Notes will be delivered by or on behalf of the Issuer to Euroclear and Clearstream. 
 If and so
long as any Notes are represented by one or more Global Notes and ownership of book-entry interests therein are shown on the records of Euroclear or Clearstream or any successor securities clearing agency appointed by the Depositary at the request
of the Issuer, notices will be delivered to such securities clearing agency for communication to the owners of such book-entry interests. 

Notices given by first-class mail, postage prepaid, will be deemed given five calendar days after mailing. Notices given by publication will
be deemed to have been given on the date of such publication or, if published more than once on different dates, on the first date on which publication is made; provided that, if notices are mailed, such notice shall be deemed to have been
given on the later of such publication and the seventh day after being so 

  
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mailed. Any notice or communication mailed to a Holder shall be mailed to such Person by first-class mail or other equivalent means and shall be sufficiently given to such Holder if so mailed
within the time prescribed. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly
given, whether or not the addressee receives it. If a notice is given via Euroclear or Clearstream, it is fully given on the day the notice is given to Euroclear or Clearstream. 

Any notices provided by the Issuer or KP Parent to an Agent shall be in the English language or a certified translation. 

SECTION 12.02 Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Issuer to the Trustee to take
or refrain from taking any action under this Indenture, the Issuer shall furnish to the Trustee: 
 (a) an Officer’s Certificate in
form and substance reasonably satisfactory to the Trustee stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and any other matters
that the Trustee may reasonably request; and 
 (b) if requested by the Trustee, an Opinion of Counsel in form and substance reasonably
satisfactory to the Trustee stating that, in the opinion of such counsel, all such conditions precedent have been complied with and any other matters that the Trustee may reasonably request. 

SECTION 12.03 Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a covenant or
condition provided for in this Indenture (other than pursuant to Section 4.16) shall include: 
 (a) a statement that the Person
making such certificate or opinion has read such covenant or condition; 
 (b) 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; 
 (c) a
statement that, in the opinion of such Person, such Person has made such examination or investigation as is necessary to enable that Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and

 (d) a statement as to whether or not, in the opinion of such Person, such covenant or condition has been complied with. 

SECTION 12.04 When Notes Disregarded. In determining whether the Holders of the required principal amount of the Notes have concurred
in any direction, waiver or consent, the Notes owned by KP Parent or by any Person directly or indirectly controlled, or controlled by, or under direct or indirect common control with, KP Parent will be disregarded and deemed not to be outstanding,
except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which a Responsible Officer of the Trustee knows are so owned shall be so disregarded. Subject to the
foregoing, only Notes outstanding at the time shall be considered in any such determination. 

  
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 SECTION 12.05 Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by or a meeting of Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 

SECTION 12.06 Legal Holidays. If a payment date is not a Business Day, payment shall be made on the next succeeding day that is a
Business Day, and no interest shall accrue for the intervening period. If a regular record date is not a Business Day, the record date shall not be affected. 

SECTION 12.07 Governing Law. This Indenture and the Notes and the rights and duties of the parties thereunder, shall be governed by,
and construed in accordance with, the laws of the State of New York. 
 SECTION 12.08 Consent to Jurisdiction and Service. The Issuer
and each Guarantor (if any) irrevocably (a) agree that any legal suit, action or proceeding against the Issuer or any Guarantor arising out of or based upon this Indenture, the Notes or any Notes Guarantee or the transactions contemplated
hereby may be instituted in any U.S. Federal or state court in the Borough of Manhattan, The City of New York court and (b) waive, to the fullest extent they may effectively do so, any objection which they may now or hereafter have to the
laying of venue of any such proceeding. Each Guarantor has appointed (and any Subsidiary becoming a Guarantor shall appoint) the Issuer, as their authorized agent (the “Authorized Agent”) upon whom process may be served in any such
action arising out of or based on this Indenture, the Notes or the transactions contemplated hereby which may be instituted in any New York court, expressly consent to the jurisdiction of any such court in respect of any such action, and waive any
other requirements of or objections to personal jurisdiction with respect thereto, and the Issuer and each Guarantor waives any right to trial by jury. Such appointment shall be irrevocable. The Issuer represents and warrants that they have agreed
to act as such agent for service of process and agrees to take any and all action, including the filing of any and all documents and instruments that may be necessary to continue such appointment in full force and effect as aforesaid. Service of
process upon the Authorized Agent and written notice of such service to the Issuer and each Guarantor, if any, shall be deemed, in every respect, effective service of process upon the Issuer and each Guarantor, if any. 

SECTION 12.09 No Recourse Against Others. No director, officer, employee, incorporator or shareholder of the Issuer, any Guarantor or
any of their respective Subsidiaries or Affiliates, as such, shall have any liability for any obligations of the Issuer or any Guarantor under the applicable Notes Documents or for any claim based on, in respect of, or by reason of, such obligations
or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

SECTION 12.10 Successors. All agreements of the Issuer and each Guarantor, if any, in this Indenture and the Notes shall bind its
successors. All agreements of the Trustee in this Indenture shall bind its successors. 

  
 138 

 SECTION 12.11 Multiple Originals. The parties may sign any number of copies of this
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. 

SECTION 12.12 Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections of
this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

SECTION 12.13 Prescription. Claims against the Issuer and the Guarantors for the payment of principal, or premium, if any, on the Notes
will be prescribed ten years after the applicable due date for payment thereof. Claims against the Issuer and the Guarantors for the payment of interest on the Notes will be prescribed six years after the applicable due date for payment of interest.

  
 139 

 IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed as of the date first written
above. 
  

			
	KLÖCKNER PENTAPLAST OF AMERICA, INC., AS THE ISSUER
		
	By	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Officer / Vice President

  

			
	 KLÖCKNER PENTAPLAST GMBH

AS GUARANTOR

		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Managing Director
		
	By:	 	/s/ Dr. Rainer Rothermel
	Name:	 	Dr. Rainer Rothermel
	Title:	 	Managing Director

  
 (Signature Page to
Indenture) 

 
			
	 KLÖCKNER PENTAPLAST EUROPE GMBH & CO. KG

AS GUARANTOR

	
	acting by its general partner and sole manager
	KLÖCKNER PENTAPLAST GMBH itself
	duly represented by its permanent representative
		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Managing Director
		
	By:	 	/s/ Dr. Rainer Rothermel
	Name:	 	Dr. Rainer Rothermel
	Title:	 	Managing Director

  
 (Signature Page to
Indenture) 

 
			
	 KLÖCKNER PENTAPLAST GERMAN HOLDING GMBH & CO. KG

AS GUARANTOR

	
	 acting by its general partner and sole manager

KP HOLDING VERWALTUNGS GMBH
 itself duly represented by its
permanent representative

		
	By:	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Managing Director

  
 (Signature Page to
Indenture) 

 
			
	 KP HOLDING GMBH & CO. KG

AS GUARANTOR

	
	 acting by its general partner and sole manager

KP HOLDING VERWALTUNGS GMBH
 itself duly represented by its
permanent representative

		
	By:	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Managing Director

  
 (Signature Page to
Indenture) 

 
			
	 KP GERMANY ERSTE GMBH
 AS
GUARANTOR

		
	By:	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Managing Director

  
 (Signature Page to
Indenture) 

 
			
	 KP INTERNATIONAL HOLDING GMBH

AS GUARANTOR

		
	By:	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Managing Director

  
 (Signature Page to
Indenture) 

 
			
	 KLÖCKNER PENTAPLAST OF AMERICA/WITT PLASTICS, INC.

AS GUARANTOR

		
	By:	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Authorized Signatory

  
 (Signature Page to
Indenture) 

 
			
	 INTERTRANS CARRIER CORPORATION

AS GUARANTOR

		
	By:	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Authorized Signatory

  
 (Signature Page to
Indenture) 

 
			
	 KP INVESTMENT HOLDINGS LLC

AS GUARANTOR
  

By: Klöckner Pentaplast of America, Inc.
 Its: Sole Member
and Manager

		
	By:	 	/s/ Dr. Markus Hölzl
	Name:	 	Dr. Markus Hölzl
	Title:	 	Officer / Vice President

  
 (Signature Page to
Indenture) 

 
			
	 KLÖCKNER PENTAPLAST SCHWEIZ AG

AS GUARANTOR

		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Chairman of the Administrative Board
		
	By:	 	/s/ Dr. Rainer Rothermel
	Name:	 	Dr. Rainer Rothermel
	Title:	 	Member of the Administrative Board

  
 (Signature Page to
Indenture) 

 
			
	 KLEOPATRA UK LIMITED
 AS
GUARANTOR

		
	By:	 	/s/ Giles Peacock
	Name:	 	Giles Peacock
	Title:	 	Director
		
	By:	 	/s/ Ruediger Senft
	Name:	 	Ruediger Senft
	Title:	 	Company Secretary

  
 (Signature Page to
Indenture) 

 
			
	 KLÖCKNER PENTAPLAST LIMITED

AS GUARANTOR

		
	By:	 	/s/ Giles Peacock
	Name:	 	Giles Peacock
	Title:	 	Director
		
	By:	 	/s/ Stefan Brandt
	Name:	 	Stefan Brandt
	Title:	 	Director

  
 (Signature Page to
Indenture) 

 
			
	 KLEOPATRA HOLDINGS 2,
 AS
GUARANTOR
  
 acting by its general partner and sole manager KLEOPATRA HOLDINGS GP
S.A.
 itself duly represented by its permanent representative

		
	By	 	/s/ Julien GOFFIN
	Name:	 	Julien GOFFIN
	Title:	 	Authorised Signatory

  
 (Signature Page to
Indenture) 

 
			
	 KLEOPATRA LUXEMBOURG 2 S.À.R.L.

AS GUARANTOR

		
	By	 	/s/ Julien GOFFIN
	Name:	 	Julien GOFFIN
	Title:	 	Authorised Signatory

  
 (Signature Page to
Indenture) 

 
			
	 DEUTSCHE TRUSTEE COMPANY LIMITED,

AS TRUSTEE

		
	By	 	/s/ David Contino
	Name:	 	David Contino
	Title:	 	Associate Director
		
	By	 	/s/ Tracey Dean
	Name:	 	Tracey Dean
	Title:	 	Associate Director

 . 

  
 (Signature Page to
Indenture) 

 
			
	DEUTSCHE BANK AG, LONDON BRANCH,
	AS THE PAYING AGENT
		
	By	 	/s/ David Contino
	Name:	 	David Contino
	Title:	 	Vice President
		
	By	 	/s/ Tracey Dean
	Name:	 	Tracey Dean
	Title:	 	AVP

  
 (Signature Page to
Indenture) 

 
			
	DEUTSCHE BANK LUXEMBOURG S.A., AS
	THE REGISTRAR AND TRANSFER AGENT
		
	By	 	/s/ David Contino
	Name:	 	David Contino
	Title:	 	Attorney
		
	By	 	/s/ Tracey Dean
	Name:	 	Tracey Dean
	Title:	 	Attorney

 (Signature Page to Indenture) 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS
	BRANCH, AS COLLATERAL TRUSTEE
		
	By	 	/s/ Robert Hetu
	Name:	 	Robert Hetu
	Title:	 	Authorized Signatory
		
	By	 	/s/ Remy Riester
	Name:	 	Remy Riester
	Title:	 	Authorized Signatory

 (Signature Page to Indenture) 

 EXHIBIT A-1 

PROVISIONS RELATING 
 TO
THE NOTES 
 EXHIBIT A-1 

These provisions relating to the Notes are in addition to and not in lieu of the provisions relating to the Notes found in Articles II and III
of the Indenture. In the event any inconsistency between the language in this Exhibit A-1 and corresponding language in the Indenture, the language in the Indenture shall control. 

1. Definitions. 
 Capitalized terms used
but not otherwise defined in this Exhibit A-1 shall have the meanings assigned to them in the Indenture. For the purposes of this Exhibit A-1 the following terms shall have the meanings indicated below: 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Regulation S Global Note or
beneficial interest therein, the rules and procedures of the Depositary for such Global Note, Euroclear and Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time. 

“Clearstream” means Clearstream Banking, société anonyme, as currently in effect, or any successor
securities clearing agency. 
 “Definitive Registered Note”means a certificated Note that does not include the Global Notes
Legend. 
 “Depositary” means a common depositary of Euroclear and Clearstream, being initially Deutsche Bank Luxembourg
S.A., until a successor Depositary, if any, shall have become such, and thereafter, “Depositary” shall mean or include each Person who is then a Depositary hereunder. 

“Euroclear” means Euroclear Bank SA/NV, as currently in effect, or any successor securities clearing agency. 

“Global Notes” has the meaning given to it in Section 2.1(a)(v) of this Exhibit A-1. 

“Global Notes Legend” means the legend set forth under that caption in this Exhibit A-1 to the Indenture. 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Regulation S” means Regulation S under the Securities Act. 

“Regulation S Global Notes” has the meaning given to it in Section 2.1(a)(ii) of this Exhibit A-1. 

“Regulation S Notes” means all Notes offered and sold outside the United States in reliance on Regulation S. 

  
 A-1-1 

 “Regulation S Permanent Global Notes” has the meaning given to it in Section
2.1(a)(ii) of this Exhibit A-1. 
 “Regulation S Temporary Global Notes” has the meaning given to it in Section 2.1(a)(ii)
of this Exhibit A-1. 
 “Restricted Notes Legend” means the legend set forth under that caption in this Exhibit A-1. 

“Rule 144A” means Rule 144A under the Securities Act. 

“Rule 144A Global Notes” has the meaning given to it in Section 2.1(a)(i) of this Exhibit A-1. 

“Rule 144A Notes” means all Notes offered and sold to QIBs in reliance on Rule 144A. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder, as amended. 
 “Transfer Restricted Notes” means Definitive Registered Notes and any other Notes that
bear or are required to bear the Restricted Notes Legend. 
 2. The Notes. 

2.1. Form and Dating. 
 (a) Global
Notes. 
 (i) Notes sold within the United States to QIBs in reliance on Rule 144A under the Securities Act will initially be
represented by one or more global notes in registered form without interest coupons attached (the “Rule 144A Global Notes”). 

(ii) Notes sold outside the United States pursuant to Regulation S under the Securities Act will initially be represented by one or more
temporary global notes in registered form without interest coupons attached (the “Regulation S Temporary Global Notes”). Through and including the 40th day after the closing of the Offering (such period, through and including such
40th day, the “distribution compliance period,” as defined in Regulation S), beneficial interests in the Regulation S Temporary Global Notes may be held only through Euroclear and Clearstream, or a participant thereof, unless
transferred to a person that takes delivery through a 144A Global Note in accordance with the certification requirements described under this Section 2 and Section 2.07 of the Indenture. Upon expiration of the distribution compliance
period, the Regulation S Temporary Global Notes may be exchanged for one or more permanent global notes in registered form without interest coupons attached (the “Regulation S Permanent Global Notes” and, together with the
Regulation S Temporary Global Notes, the “Regulation S Global Notes” and together with the 144A Global Notes, the “Global Notes”) upon delivery to Euroclear and Clearstream, or a participant thereof, of
certification of compliance with the transfer restrictions applicable to the Notes pursuant to Regulation S as provided in the Indenture. The term Regulation S Global Notes as used herein shall refer to either Regulation S Temporary Global Notes or
Regulation S Permanent Global Notes, as the context requires. After the 40-day distribution compliance period ends, Holders may also hold their interests in the permanent Regulation S Global Note through organizations other than Clearstream or
Euroclear that are Euroclear and Clearstream participants. 

  
 A-1-2 

 (iii) The Rule 144A Global Notes, the Regulation S Temporary Global Notes and the Regulation S
Permanent Global Notes shall bear the Global Notes Legend, the Regulation S Temporary Global Notes shall bear the Regulation S Temporary Global Note legend, and the Rule 144A Global Notes shall bear the Restricted Notes Legend. 

(iv) The Rule 144A Global Notes and the Regulation S Global Notes shall be deposited on behalf of the purchasers of the Notes represented
thereby with the Depositary, and registered in the name of the nominee of the Depositary, duly executed by the Issuer and authenticated by the Trustee or an Authenticating Agent as provided in the Indenture. 

(v) The aggregate principal amount of the Global Notes may from time to time be increased or decreased by adjustments made on the records of
the Trustee or Registrar and the Depositary or its nominee and on the schedules thereto as hereinafter provided, in connection with transfers, exchanges, redemptions and repurchases of beneficial interests therein. 

(b) Book-Entry Provisions. This Section 2.1(b) shall apply only to a Global Note deposited with or on behalf of the Depositary.

 The Issuer shall execute and the Trustee or an Authenticating Agent, as the case may be, shall, in accordance with this
Section 2.1(b) and Section 2.2 and pursuant to an order of the Issuer signed by one Officer, authenticate and deliver initially one or more Global Notes that (i) shall be registered in the name of the nominee of the Depositary for
such Global Note or Global Notes and (ii) shall be delivered by the Trustee or Authenticating Agent, as the case may be, to such Depositary or pursuant to such Depositary’s instructions. 

Members of, or participants in, Euroclear or Clearstream (“Agent Members”) shall have no rights under the Indenture with
respect to any Global Note held on their behalf by the Depositary or under such Global Note, and the Depositary may be treated by the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner of such Global Note for all
purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect to any written certification, proxy or other authorization furnished by Euroclear
or Clearstream or impair, as between Euroclear or Clearstream and their respective Agent Members (as defined by Euroclear or Clearstream), the operation of customary practices thereof governing the exercise of the rights of a holder of a beneficial
interest in any Global Note. 
 (c) Definitive Registered Notes. Except as provided in Section 2.3 or 2.4 of this Exhibit A-1,
owners of beneficial interests in Global Notes will not be entitled to receive physical delivery of certificated Notes. 
 2.2. Authentication. The
Trustee or an Authenticating Agent, as the case may be, shall authenticate and make available for delivery the Notes upon a written order of the Issuer signed by one of its Officers. Such order shall (a) specify the amount of the Notes to be
authenticated, the date on which the original issue of Notes is to be authenticated, (b) direct the Trustee or an Authenticating Agent to authenticate such Notes and (c) certify that all conditions precedent to the issuance of such Notes
have been complied with in accordance with the terms hereof. 

  
 A-1-3 

 2.3. Transfer and Exchange. 

(a) Transfer and Exchange of Definitive Registered Notes. When Definitive Registered Notes are presented to the Registrar or Transfer
Agent, as the case may be, with a request: 
 (i) to register the transfer of such Definitive Registered Notes; or 

(ii) to exchange such Definitive Registered Notes for an equal principal amount of Definitive Registered Notes of other authorized
denominations, 
 the Registrar or the Transfer Agent, as the case may be, shall register the transfer or make the exchange as requested if its reasonable
requirements for such transaction are met, provided, however, that the Definitive Registered Notes surrendered for transfer or exchange: 

(1) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuer and the Registrar
or the Transfer Agent, as the case may be, duly executed by the Holder thereof or its attorney duly authorized in writing; and 
 (2) in the
case of Transfer Restricted Notes, are accompanied by the following additional information and documents, as applicable: 
 (i) if such
Definitive Registered Notes are being delivered to the Registrar or the Transfer Agent, as the case may be, by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect (in the form set
forth on the reverse side of the Note); 
 (iii) if such Definitive Registered Notes are being transferred to the Issuer, a certification to
that effect (in the form set forth on the reverse side of the Note); or 
 (iv) if such Definitive Registered Notes are being transferred
pursuant to an exemption from registration in accordance with Rule 144A, Regulation S or Rule 144 under the Securities Act or in reliance upon another exemption from the registration requirements of the Securities Act, (x) a certification to
that effect (in the form set forth on the reverse side of the Note) and (y) if the Issuer or Registrar or Transfer Agent, as the case may be, so requests, an opinion of counsel or other evidence reasonably satisfactory to it as to the
compliance with the restrictions set forth in the legend set forth in Section 2.3(e)(i) of this Exhibit A-1. 
 (b) Restrictions on
Transfer of a Definitive Registered Note for a Beneficial Interest in a Global Note. A Definitive Registered Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon
receipt by the Registrar of a Definitive Registered Note, duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuer, the Registrar and the Transfer Agent, together with: 

(i) for a Transfer Restricted Note certification (in the form set forth on the reverse side of the Note) that such Definitive Registered Note
is being transferred (1) to a QIB in accordance with Rule 144A or (2) outside the United States in an offshore transaction within the meaning of Regulation S and in compliance with Rule 904 under the Securities Act; and 

  
 A-1-4 

 (ii) written instructions directing the Registrar to make, or to direct the Depositary to make,
an adjustment on its books and records with respect to such Global Note to reflect an increase in the aggregate principal amount of the Notes represented by the Global Note, such instructions to contain information regarding the account to be
credited with such increase, 
 then the Trustee or an Authenticating Agent shall cancel such Definitive Registered Note and cause, or direct the Depositary
to cause, in accordance with the standing instructions and procedures existing between the Depositary and Euroclear and Clearstream, the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal
amount of the Definitive Registered Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive
Registered Note so canceled. If no Global Notes are then outstanding and the Global Note has not been previously exchanged for certificated securities pursuant to Section 2.4 of this Exhibit A-1, the Issuer shall issue and the Trustee or an
Authenticating Agent shall authenticate, upon written order of the Issuer in the form of an Officer’s Certificate, a new Global Note in the appropriate principal amount. 

(c) Transfer and Exchange of Global Notes. 

(i) The transfer and exchange of Global Notes or beneficial interests therein (“Book-Entry Interests”) shall be effected
through the Euroclear and/or Clearstream, in accordance with the Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Euroclear and/or Clearstream therefor. A transferor of Book-Entry Interest
shall deliver a written order given in accordance with the Euroclear and/or Clearstream’s procedures containing information regarding the participant account of the Euroclear and/or Clearstream to be credited with a beneficial interest in such
Global Note or another Global Note and such account shall be credited in accordance with such order with a beneficial interest in the applicable Global Note and the account of the Person making the transfer shall be debited by an amount equal to the
beneficial interest in the Global Note being transferred. 
 (ii) Transfers by an owner of a beneficial interest in a Rule 144A Global Note
(“144A Book-Entry Interests”) to a transferee who takes delivery of such interest through a Regulation S Global Note shall be made only upon receipt by the Registrar of a certification in the form provided in Exhibit B from the
transferor to the effect that such transfer is being made in accordance with Regulation S (“Regulation S Book-Entry Interest”) or pursuant to an exemption from registration under the Securities Act provided by Rule 144 (if
applicable) under the Securities Act. 
 (iii) Regulation S Book-Entry Interests may be transferred to a person who takes delivery in the
form of 144A Book-Entry Interests only upon delivery by the transferor of a written certification (in the form provided in the Indenture) to the effect that such transfer is being made to a person who the transferor reasonably believes is a
“qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A or otherwise in accordance with the transfer restrictions described in this Section 2, Section 2.07 of the
Indenture and in accordance with any applicable securities law of any other jurisdiction. 

  
 A-1-5 

 (iv) Notwithstanding any other provisions of this Exhibit A-1 (other than the provisions set
forth in Section 2.4 of this Exhibit A-1), a Global Note may not be transferred as a whole except by the Depositary to a successor Depositary or a nominee of such successor Depositary. 

(d) Legend. 
 (i) Except
as permitted by the following paragraph (ii), (iii) or (iv), each Note certificate evidencing the Global Notes and the Definitive Registered Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in
substantially the following form (each defined term in the legend being defined as such for purposes of the legend only): 
 “THIS
SECURITY HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE ‘‘SECURITIES ACT’’) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR
PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT. 
 THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR FOR WHICH IT
HAS PURCHASED SECURITIES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE ‘‘RESALE RESTRICTION TERMINATION DATE’’) WHICH IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR] [IN THE CASE OF REGULATION S NOTES:
40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE DATE ON WHICH THIS SECURITY WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF THE REGULATION S)] AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND
THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF THIS SECURITY) ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN
DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (‘‘RULE 144A’’), TO A PERSON IT, OR ANY PERSON ACTING ON ITS BEHALF,
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
(D) PURSUANT TO OFFERS AND SALES TO, OR FOR THE ACCOUNT OR BENEFIT OF, A PERSON OTHER THAN A U.S. PERSONS (AS DEFINED UNDER REGULATION S UNDER THE SECURITIES ACT (‘‘REGULATION S’’)) AND THAT OCCUR OUTSIDE THE UNITED STATES
IN COMPLIANCE WITH REGULATION S OR (E) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 

  
 A-1-6 

 SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO ANY REQUIREMENT OF LAW THAT THE
DISPOSITION OF ITS PROPERTY OR THE PROPERTY OF SUCH INVESTOR ACCOUNT OR ACCOUNTS BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL AND IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR TERRITORY OF THE UNITED STATES OR ANY OTHER
JURISDICTION, AND ANY APPLICABLE LOCAL LAWS AND REGULATIONS AND FURTHER SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHTS PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (E) TO REQUIRE THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM.” 
 Each Definitive Registered Note shall bear the
following additional legend: 
 “IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH
CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.” 

Each Regulation S Temporary Global Note will bear an additional legend substantially to the following effect: 

“THIS GLOBAL NOTE IS A TEMPORARY REGULATION S GLOBAL NOTE FOR PURPOSES OF REGULATION S UNDER THE SECURITIES ACT. NEITHER THIS TEMPORARY
GLOBAL NOTE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, DELIVERED OR EXCHANGED FOR AN INTEREST IN A PERMANENT GLOBAL NOTE OR OTHER NOTE EXCEPT UPON DELIVERY OF THE CERTIFICATIONS SPECIFIED IN THE INDENTURE.” 

To the extent that the Notes are issued with original issue discount for U.S. federal income tax purposes, each Note will bear an additional
legend substantially to the following effect: 
 “THIS [NOTE] HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT
(‘‘OID’’) FOR U.S. FEDERAL INCOME TAX PURPOSES. THE ISSUE PRICE, THE AMOUNT OF OID, THE ISSUE DATE AND THE YIELD TO MATURITY OF THIS [NOTE] MAY BE OBTAINED BY CONTACTING [TITLE OR NAME OF PERSON], [ADDRESS OF PERSON], TELEPHONE
[TELEPHONE # OF PERSON].” 
 (ii) Upon any sale or transfer of a Transfer Restricted Note that is a Definitive Registered Note, the
Registrar shall permit the Holder thereof to exchange such Transfer Restricted Note for a Definitive Registered Note that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer Restricted Note if the
Holder certifies in writing to the Transfer Agent and Registrar that its request for such exchange was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Note). 

(iii) Any Note acquired pursuant to Regulation S shall not be required to bear the Restricted Notes Legend. 

  
 A-1-7 

 (iv) Any additional Notes sold in a registered offering under the Securities Act shall not be
required to bear the Restricted Notes Legend. 
 (e) Cancellation or Adjustment of Global Note. At such time as all beneficial
interests in a Global Note have either been exchanged for Definitive Registered Notes, transferred, redeemed, repurchased or cancelled, such Global Note shall be returned by the Depositary to an Authenticating Agent for cancellation or retained and
cancelled by an Authenticating Agent. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Registered Notes, transferred in exchange for an interest in another Global Note, redeemed,
repurchased or cancelled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Registrar (if it is then the Depositary for such Global Note) with respect to
such Global Note, by the Trustee or the Depositary, to reflect such reduction. 
 (f) Obligations with Respect to Transfers and
Exchanges. 
 (g) (i) To permit registrations of transfers and exchanges, the Issuer shall execute and the Trustee or an Authenticating
Agent shall authenticate, Definitive Registered Notes and Global Notes at the Registrar’s request. 
 (ii) No service charge shall be
made for any registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any such transfer taxes,
assessments or similar governmental charge payable upon exchange or transfer pursuant to Section 2.07, 3.06, 4.05, 4.14 or 9.04 of the Indenture). 

(iii) Prior to the due presentation for registration of transfer of any Note, the Issuer, the Trustee, the Paying Agent or the Registrar may
deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Note and for all other purposes whatsoever, whether or not such Note is
overdue, and none of the Issuer, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 
 (iv) All
Notes issued upon any transfer or exchange pursuant to the terms of the Indenture shall evidence the same debt and shall be entitled to the same benefits under the Indenture as the Notes surrendered upon such transfer or exchange. 

(h) No Obligation of the Trustee and Paying Agent. 

(i) The Trustee and Paying Agent, as applicable, shall have no responsibility or obligation to the Depositary, any beneficial owner of a
Global Note, a member of, or a participant of Euroclear and/or Clearstream or any other person with respect to the accuracy of the records of Euroclear and/or Clearstream or their respective nominees or of any participant or member thereof, with
respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than Euroclear and/or Clearstream) of any notice (including any notice of redemption or repurchase) or
the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to the registered Holders (which shall be
the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee and Paying
Agent, as applicable, may rely and shall be fully protected in relying upon information furnished by the Euroclear and/or Clearstream with respect to its members, participants and any beneficial owners. 

  
 A-1-8 

 (ii) The Trustee and Paying Agent shall have no obligation or duty to monitor, determine or
inquire as to compliance, and shall not be responsible or liable for compliance, with any restrictions on transfer, exchange, redemption, purchase or repurchase, as applicable, imposed under the Indenture or under applicable law or regulation with
respect to any transfer, exchange, redemption, purchase or repurchase, as applicable of any interest in any Note (including, without limitation, any transfers between or among Euroclear or Clearstream participants, members or beneficial owners in
any Global Note) 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 the Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof, it being understood that without limiting the generality of the foregoing, the Trustee and Paying Agent shall not have any obligation or duty to monitor, determine or inquire as
to compliance, and shall not be responsible or liable for compliance, with restrictions on transfer, exchange, redemption, purchase or repurchase, as applicable, of minimum denominations imposed under the Indenture or under applicable law or
regulation with respect to any transfer, exchange, redemption, purchase or repurchase, as applicable, of any interest in any Note. 
 2.4. Definitive
Registered Notes. 
 (a) A Global Note deposited with the Depositary pursuant to Section 2.1 of this Exhibit A-1 shall be
transferred to the beneficial owners thereof in the form of Definitive Registered Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such transfer complies with
Section 2.3 of this Exhibit A-1 and (i) Euroclear and/or Clearstream notifies the Issuer that it is unwilling or unable to continue as a depositary for such Global Note and a successor depositary is not appointed by the Issuer within 120
days of such notice or after the Issuer becomes aware of such cessation, or (ii) if the owner of a book-entry interest in such Global Note requests such exchange in writing delivered through Euroclear and/or Clearstream or the Issuer following
an Event of Default and enforcement action is being taken in respect thereof under the Indenture. 
 (b) Any Global Note that is
transferable to the beneficial owners thereof pursuant to this Section 2.4 shall be surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee or an Authenticating
Agent shall authenticate and deliver, upon such transfer of each portion of such Global Note, an equal aggregate principal amount of Definitive Registered Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this
Section 2.4 shall be executed, authenticated and delivered only in minimum denominations of €100,000 principal amount and integral multiples of €1,000 in excess thereof, registered in such names as the Depositary shall direct. Any
certificated Note in the form of a Definitive Registered Note delivered in exchange for an interest in the Global Note shall, except as otherwise provided by Section 2.3(e), of this Exhibit A-1, bear the Restricted Notes Legend. 

  
 A-1-9 

 (c) Subject to the provisions of Section 2.4(b) of this Exhibit A-1, the registered Holder
of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or the Notes. 

(d) In the event of the occurrence of any of the events specified in Section 2.4(a)(i) or (ii) of this Exhibit A-1, the Issuer will
promptly make available to the Trustee a reasonable supply of Definitive Registered Notes in fully registered form without interest coupons. 

  
 A-1-10 

 EXHIBIT A-2 

[FORM OF FACE OF NOTE] 
 7 1⁄8% Senior Notes due 2020 
 EXHIBIT A-2

 [Global Notes Legend] 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV (“EUROCLEAR”), OR CLEARSTREAM BANKING, SOCIETE ANONYME (“CLEARSTREAM”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ITS AUTHORIZED NOMINEE, OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR OR CLEARSTREAM (AND ANY PAYMENT IS MADE TO ITS AUTHORIZED NOMINEE, OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR OR CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, ITS AUTHORIZED
NOMINEE, HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF EUROCLEAR OR
CLEARSTREAM OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE NOTES INDENTURE REFERRED TO ON THE REVERSE
HEREOF. 
 [Restricted Notes Legend] 
 THIS
SECURITY HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE ‘‘SECURITIES ACT’’) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR
PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT. 
 THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR FOR WHICH IT HAS PURCHASED
SECURITIES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE ‘‘RESALE RESTRICTION TERMINATION DATE’’) WHICH IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER
THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE DATE ON WHICH THIS SECURITY WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF THE REGULATION S)] AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON
WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF 

  
 A-2-1 

 THIS SECURITY) ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (‘‘RULE 144A’’), TO A PERSON IT, OR ANY PERSON
ACTING ON ITS BEHALF, REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO, OR FOR THE ACCOUNT OR BENEFIT OF, A PERSON OTHER THAN A U.S. PERSONS (AS DEFINED UNDER REGULATION S UNDER THE SECURITIES ACT (‘‘REGULATION S’’)) AND THAT OCCUR
OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S OR (E) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO ANY REQUIREMENT OF LAW THAT THE
DISPOSITION OF ITS PROPERTY OR THE PROPERTY OF SUCH INVESTOR ACCOUNT OR ACCOUNTS BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL AND IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR TERRITORY OF THE UNITED STATES OR ANY OTHER
JURISDICTION, AND ANY APPLICABLE LOCAL LAWS AND REGULATIONS AND FURTHER SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHTS PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (E) TO REQUIRE THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. 
 [Each Definitive Registered Note shall bear the following
additional legend:] 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION
AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 [Each Regulation S
Temporary Global Note shall bear the following additional legend] 
 THIS GLOBAL NOTE IS A TEMPORARY REGULATION S GLOBAL NOTE FOR PURPOSES OF REGULATION S
UNDER THE SECURITIES ACT. NEITHER THIS TEMPORARY GLOBAL NOTE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, DELIVERED OR EXCHANGED FOR AN INTEREST IN A PERMANENT GLOBAL NOTE OR OTHER NOTE EXCEPT UPON DELIVERY OF THE CERTIFICATIONS SPECIFIED IN THE
INDENTURE. 
 [To the extent that the Notes are issued with original issue discount for U.S. federal income tax purposes, each Note shall
bear the following additional legend] 
 THIS [NOTE] HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT (‘‘OID’’) FOR U.S. FEDERAL INCOME TAX
PURPOSES. THE ISSUE PRICE, THE AMOUNT OF OID, THE ISSUE DATE AND THE YIELD TO MATURITY OF THIS [NOTE] MAY BE OBTAINED BY CONTACTING [TITLE OR NAME OF PERSON], [ADDRESS OF PERSON], TELEPHONE [TELEPHONE # OF PERSON]. 

  
 A-2-2 

 Common Code. Reg S/144A 

ISIN Reg S/144A1 

7 1⁄8% Senior Notes due 2020 

 

			
	No.	  	€                    
		  	Date:                     

 KLÖCKNER PENTAPLAST OF AMERICA, INC. 

Klöckner Pentaplast of America, Inc., a corporation incorporated under the laws of the Delaware, promises to pay to
                     or its registered assigns the principal sum of
€                     subject to adjustments listed on the Schedule of Increases or Decreases in the Global Note attached hereto, on
November 1, 2020. 
 Interest Payment Dates: May 1, and November 1 of each year, commencing November 1, 2015. 

Record Dates: April 15 and October 15 of each year. 

Additional provisions of this Note are set forth on the other side of this Note. 

(Signature page to follow.) 
  

 

	1 	144A common code and ISIN is 122258629 and XS1222586296, respectively. 

 Reg. S Temporary common code and ISIN
is 122258432 and XS1222584325, respectively. 
 Reg. S Permanent common code and ISIN is 122258432 and XS1222584325, respectively. 

  
 A-2-3 

							
	Dated:	 		 	Klöckner Pentaplast of America, Inc., as Issuer
				
		 		 	By	 	 
		 		 		 	Name:
		 		 		 	Title:

  
 A-2-4 

 This is one of the Notes referred to 

in the within-mentioned Indenture: 
 Deutsche Bank Luxembourg
S.A., UK 
 Branch, not in its individual capacity 
 but solely
as Authenticating Agent 
 duly appointed by Deutsche Trustee Company 

Limited, as Trustee 
  

			
	By:	 	 
	Authorized Signatory
		
	By:	 	 
	Authorized Signatory

  
 A-2-5 

 7 1⁄8%
Senior Notes due 2020 
 1. Interest. 

(a) Klöckner Pentaplast of America, Inc., a corporation incorporated under the laws of Delaware (such company, and its successors and
assigns under the Indenture hereinafter referred to, being herein called the “Issuer”), promises to pay interest on the principal amount of this Note at a rate of 7 1⁄8% per annum from the date of issue until maturity. Interest on the Notes shall accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid or duly
provided for, from the Issue Date until the principal hereof is due. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 

(b) Interest on the Notes will: 

(i) accrue from the Issue Date or, if interest has already been paid, from the date it was most recently paid; 

(ii) be payable in cash semi-annually in arrears on May 1 and November 1 of each year, commencing on November 1, 2015;

 (c) The Issuer shall pay interest on overdue principal at a rate that is 1% higher than the rate borne by the Notes, and it shall
pay interest on overdue installments of interest at the same rate to the extent lawful. 
 2. Method of Payment. 

Holders must surrender Notes to the Paying Agent to collect principal payments. The Issuer shall pay principal, premium and Additional
Amounts, if any, and interest in euro. Principal, interest and premium and Additional Amounts, if any, on the Global Notes (as defined below) will be payable by one or more Paying Agents by wire transfer of immediately available funds to the account
specified by the registered holder thereof (being the common depositary or its nominee for Euroclear and Clearstream). 
 Principal,
interest, premium and Additional Amounts, if any, on the Definitive Registered Notes will be payable at the specified office or agency of one or more Paying Agents maintained for such purposes in London. In addition, interest on the Definitive
Registered Notes may be paid, at the option of the Issuer, by check mailed to the address of the Holder entitled thereto as shown on the register of holders of Notes for the Definitive Registered Notes. 

The rights of Holders to receive the payments of interest on the Notes are subject to the Applicable Procedures of the common depositary and
Euroclear and Clearstream. If the due date for any payment in respect of any Notes is not a Business Day at the place at which such payment is due to be paid, the Holder thereof will not be entitled to payment of the amount due until the next
succeeding Business Day at such place, and will not be entitled to any further interest or other payment as a result of any such delay. 
 3. Paying
Agent and Registrar. 
 Initially, Deutsche Bank AG, London Branch, will act as Paying Agent and Deutsche Bank Luxembourg S.A. will act
as Registrar and Transfer Agent. The Issuer may appoint and change any Registrar, Transfer Agent, or Paying Agent. The Issuer or any of its Restricted Subsidiaries may act as Registrar, Transfer Agent and Paying Agent. 

  
 A-2-6 

 4. Indenture. 

The Issuer issued the Notes under the Indenture dated as of April 28, 2015 (the “Indenture”). The terms of the Notes include
those stated in the Indenture. Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all terms and provisions of the Indenture, and Holders are referred to the Indenture
for a statement of such terms and provisions. In the event of a conflict, the terms of the Indenture, excluding the Annexes, control. 
 The
Notes are general, senior obligations of the Issuer. This Note is one of the Notes referred to in the Indenture. The Notes and, if issued, any Additional Notes are treated as a single class for all purposes under the Indenture, including, without
limitation, with respect to waivers, amendments, redemptions and offers to purchase, except as otherwise provided for therein. 
 5. Optional
Redemption. 
 (a) Except as provided in this Section 5 and Section 6, this Note is not redeemable until May 1, 2017.

 (b) At any time prior to May 1, 2017, the Issuer may on any one or more occasions redeem up to 40% of the original principal amount
of the Notes (including the original principal amount of any Additional Notes), upon not less than 10 nor more than 60 days’ notice, with funds in an aggregate amount not exceeding the Net Proceeds of one or more Equity Offerings at a
redemption price of 107.125% of the principal amount of the Notes so redeemed, plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the redemption date, subject to the right of Holders of record on the relevant
record date to receive interest due on the relevant interest payment date; provided that: 
 (1) at least 60% of the original
principal amount of the Notes (including the original principal amount of any Additional Notes) issued under this Indenture remain outstanding after each such redemption; and 

(2) the redemption occurs within 180 days after the closing of such Equity Offering. 

(c) At any time prior to May 1, 2017, the Issuer may redeem all or, from time to time, part of the Notes upon not less than 10 nor more
than 60 days’ notice at a redemption price equal to 100% of the principal amount of the Notes, plus the Applicable Premium plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the redemption date (subject to
the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

  
 A-2-7 

 (d) On and after May 1, 2017, the Issuer may redeem all or, from time to time, part of the
Notes upon not less than 10 nor more than 60 days’ notice, at the following redemption prices (expressed as a percentage of principal amount) plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the redemption
date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the twelve-month period beginning on May 1 of the years indicated below: 

 

					
	Year	  	Redemption Price	 
	 2017
	  	 	103.563	% 
	 2018
	  	 	101.782	% 
	 2019 and thereafter
	  	 	100.000	% 

 Any such redemption and notice may, in the Issuer’s discretion, be subject to the satisfaction or one or
more conditions precedent. 
 “Applicable Premium” means, with respect to any Note the greater of: 

(a) 1% of the principal amount of such Note; and 

(b) the excess (to the extent positive) of: 
  

	 	(A)	the present value at such redemption date of (1) the redemption price of such Note at May 1, 2017 (such redemption price (expressed in percentage of principal amount) being set forth in the table above in
Section 5(d) (excluding accrued and unpaid interest)), plus (2) all required interest payments due on such Note to and including May 1, 2017 (excluding accrued but unpaid interest), computed upon the redemption date using a discount
rate equal to the Bund Rate at such redemption date plus 50 basis points; over 

  

	 	(B)	the outstanding principal amount of such Note, 

 as calculated by the Issuer or on behalf of the Issuer by such
Person as the Issuer shall designate. 
 For the avoidance of doubt, calculation of Applicable Premium shall not be an obligation or duty of the Trustee or
any Paying Agent. 
 “Bund Rate” means the yield to maturity at the time of computation of direct obligations of the
Federal Republic of Germany (Bunds or Bundesanleihen) with a constant maturity (as officially compiled and published in the most recent financial statistics that has become publicly available at least two Business Days (but not more
than five Business Days) prior to the redemption date (or, if such financial statistics are not so published or available, any publicly available source of similar market data selected in good faith by the Board of Directors or a member of Senior
Management of KP Parent) most nearly equal to the period from the redemption date to May 1, 2017; provided, however, that if the period from the redemption date to May 1, 2017, is not equal to the constant maturity of a direct
obligation of the Federal Republic of Germany for which a weekly average yield is given, the Bund Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of direct obligations
of the Federal Republic of Germany for which such yields are given, except that if the period from such redemption date to May 1, 2017, is less than one year, the weekly average yield on actually traded direct obligations of the Federal
Republic of Germany adjusted to a constant maturity of one year shall be used. 

  
 A-2-8 

 Any redemption or notice pursuant to this Section 5 may, at the Issuer’s discretion, be
subject to the satisfaction of one or more conditions precedent, and as otherwise described in Article III of the Indenture. 
 6. Redemption for
Taxation Reasons. 
 The Issuer may redeem the Notes in whole, but not in part, at any time upon giving not less than 10 nor more than
60 days’ prior notice to the Holders of the Notes (which notice will be irrevocable) at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest, if any, to the date fixed for redemption (a
“Tax Redemption Date”) (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date) and all Additional Amounts (as defined below in Section 10), if any,
then due and which will become due on the Tax Redemption Date as a result of the redemption or otherwise, if any, if the Issuer determines in good faith that, as a result of: 

(1) any change in, or amendment to, the law or treaties (or any regulations or rulings promulgated thereunder) of a Relevant Taxing
Jurisdiction (as defined below) affecting taxation; or 
 (2) any amendment to, or change in an official written application,
administration or interpretation of such laws, treaties, regulations or rulings (including a holding, judgment or order by a court of competent jurisdiction or a change in published practice or revenue guidance) (each of the foregoing in clauses
(1) and (2), a “Change in Tax Law”), a Payor (as defined below) is, or on the next interest payment date in respect of the Notes would be, required to pay Additional Amounts with respect to such Notes (but, in the case of a
Guarantor, only if the payment giving rise to such requirement cannot be made by the Issuer or another Guarantor who can make such payment without the obligation to pay Additional Amounts), and such obligation cannot be avoided by taking reasonable
measures available to the Payor (including, for the avoidance of doubt, the appointment of a new Paying Agent where this would be reasonable). Such Change in Tax Law must (i) not have been announced before the Issue Date and (ii) become
effective on or after the Issue Date (or if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a date after the Issue Date, such later date). The foregoing provisions shall apply (a) to a Guarantor only after such
time as such Guarantor is obligated to make at least one payment on the Notes and (b) mutatis mutandis to any successor Person, after such successor Person becomes a party to the Indenture, with respect to a change or amendments
occurring after the time such successor Person becomes a party to the Indenture. 
 Notice of redemption for taxation reasons will be published in
accordance with the procedures described in Section 8. Notwithstanding the foregoing, no such notice of redemption will be given earlier than 60 days prior to the earliest date on which the Payor would be obligated to make such payment of
Additional Amounts. Prior to the publication or mailing of any notice of redemption of any Notes pursuant to the foregoing, the Issuer will deliver to the Trustee (a) an Officer’s Certificate stating that it is entitled to effect such
redemption and setting forth a statement of facts showing that the conditions precedent to its right so to redeem have been satisfied and (b) an opinion of an independent tax counsel of recognized standing qualified under the laws of the
Relevant Tax Jurisdiction to the effect 

  
 A-2-9 

 that the Payor has been or will become obligated to pay Additional Amounts as a result of a Change in Tax Law.
The Trustee will accept and shall be entitled to rely on such Officer’s Certificate and opinion as sufficient evidence of the satisfaction of the conditions precedent described above, without further inquiry, in which event it will be
conclusive and binding on the Holders. 
 7. Sinking Fund. 

The Issuer is not required to make mandatory redemption payments or sinking fund payments with respect to the Notes. 

8. Notice of Redemption. 
 Subject to
Section 3.03 of the Indenture, not less than 10 days but not more than 60 days before a date for redemption of Notes, the Issuer shall transmit to each Holder (with a copy to the Trustee and Registrar) a notice of redemption in accordance with
Section 12.01 of the Indenture; provided, however, that any notice of a redemption provided for by Section 6 of the Notes shall not be given earlier than 60 days prior to the earliest date on which the Payor would be obligated to
make a payment of Additional Amounts unless at the time such notice is given, the obligation to pay such Additional Amounts remains in effect. In addition, so long as the Notes are listed on the Luxembourg Stock Exchange and the rules of the
Luxembourg Stock Exchange so require, the Issuer or KP Parent shall publish notice of redemption in a daily newspaper with general circulation in Luxembourg (which is expected to be the Luxemburger Wort). Such notice of redemption may instead
be published on the website of the Luxembourg Stock Exchange (www.bourse.lu). The notice shall identify the Notes to be redeemed and shall state the information required pursuant to Section 3.03 of the Indenture. 

If less than all of the Notes are to be redeemed at any time, the Paying Agent or the Registrar will select the Notes for redemption in
compliance with the requirements of the principal securities exchange, if any, on which such Notes are listed, and in compliance with the requirements of Euroclear and Clearstream, or if such Notes are not so listed or such exchange prescribes no
method of selection and such Notes are not held through Euroclear or Clearstream, or Euroclear or Clearstream prescribes no method of selection, on a pro rata basis; provided, however, that no such partial redemption shall reduce the
outstanding aggregate principal amount of any Note not redeemed to less than €100,000. None of the Paying Agent, the Registrar or the Trustee will be liable for any selections made in accordance with this paragraph. 

For so long as the Notes are listed on the Luxembourg Stock Exchange and the rules of the Luxembourg Stock Exchange so require, the Issuer or
KP Parent will publish notice of redemption in a daily newspaper with general circulation in Luxembourg (which is expected to be the Luxemburger Wort) or, if, in the opinion of the Issuer or KP Parent, as applicable, such publication is not
practicable, in an English language newspaper having general circulation in Europe or, to the extent and in the manner permitted by such rules, post such notice on the official website of the Luxembourg Stock Exchange (www.bourse.lu). In
addition to such publication, if such Notes are in definitive certificated form, not less than 10 nor more than 60 days prior to the redemption date, the Issuer will mail such notice to Holders by first-class mail, postage prepaid, at their
respective addresses as they appear on the registration books of the Registrar. 

  
 A-2-10 

 If any Note is to be redeemed in part only, the notice of redemption that relates to that Note
shall state the portion of the principal amount thereof to be redeemed. In the case of a Definitive Registered Note, a new Definitive Registered Note in principal amount equal to the unredeemed portion of any Definitive Registered Note redeemed in
part will be issued in the name of the Holder thereof upon cancellation of the original Definitive Registered Note. In the case of a Global Note, an appropriate notation will be made on such Global Note to decrease the principal amount thereof to an
amount equal to the unredeemed portion thereof. Subject to the terms of the redemption notice, Notes called for redemption become due on the date fixed for redemption. On and after the redemption date, interest ceases to accrue on Notes or portions
of Notes called for redemption. 
 For Notes that are represented by Global Notes held on behalf of Euroclear or Clearstream, notices may be
given by delivery of the relevant notices to Euroclear and Clearstream for communication to entitled account holders in substitution for the aforesaid mailing. 

At the Issuer’s request, the Paying Agent shall give the notice of redemption in the Issuer’s name and at the Issuer’s expense.
In such event, the Issuer shall deliver to the Paying Agent, with a copy to the Trustee, at least 5 Business Days prior to the date on which notice of redemption is to be delivered to the Holders (unless a shorter period is satisfactory to the
Registrar), an Officer’s Certificate requesting that the Paying Agent give such notice and the information required and within the time periods specified by this Section 

9. [Reserved.] 
 10. Additional Amounts. 

All payments made by a Payor on the Notes or any Guarantee, as applicable, will be made free and clear of and without withholding or deduction
for, or on account of, any Taxes subject to and in accordance with Section 4.13 of the Indenture. 
 11. Repurchase of Notes at the Option of
Holders upon (i) a Change of Control and (ii) the occurrence of certain Asset Sales. 
 If a Change of Control occurs, each
Holder of Notes will have the right, subject to certain conditions specified in the Indenture, to require the Issuer to repurchase all or any part of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of the
Notes, plus accrued and unpaid interest to the date of purchase (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date) as provided in, and subject to the terms of, the
Indenture. 
 In accordance with Section 4.05 of the Indenture, the Issuer will be required to, or may be permitted to, offer to
purchase Notes upon the occurrence of certain events, including certain Asset Dispositions. 
 12. Security. 

The Notes will be secured by the Collateral. Reference is made to the Indenture and the Intercreditor Agreement for terms relating to such
security, including the release, termination and discharge thereof. Enforcement of the Security Documents is subject to the Intercreditor Agreement. The Issuer shall not be required to make any notation on this Note to reflect any grant of such
security or any such release, termination or discharge. 

  
 A-2-11 

 13. Denominations; Transfer; Exchange. 

The Senior Secured Notes are in registered form without interest coupons and in minimum denominations of €100,000 or integral multiples
of €1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. In connection with any such transfer or exchange, the Indenture will require the transferring or exchanging Holder to, among other things,
furnish appropriate endorsements and transfer documents, furnish information regarding the account of the transferee at Euroclear or Clearstream, where appropriate, furnish certain certificates and opinions, and pay any taxes, duties and
governmental charges in connection with such transfer or exchange. Any such transfer or exchange will be made without charge to the Holder, other than any taxes, duties and governmental charges payable in connection with such transfer. 

14. Persons Deemed Owners. 
 Except as
provided in Section 2, the registered Holder of this Note will be treated as the owner of it for all purposes. Only registered Holders will have rights under the Indenture, including, without limitation, with respect to enforcement and the
pursuit of other remedies. 
 15. Unclaimed Money. 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the
Issuer at its written request unless an abandoned property law designates another Person. After any such payment, Holders entitled to the money must look to the Issuer for payment as general creditors and the Trustee and the Paying Agent shall have
no further liability with respect to such monies. 
 16. Discharge and Defeasance. 

Subject to certain conditions, the Issuer at any time may terminate all of its obligations and all obligations of each Guarantor under the
Notes, any Guarantee and the Indenture if the Issuer, among other things, deposits or causes to be deposited with the Trustee money in euro or euro -denominated European Government Obligations, or a combination thereof, in an amount sufficient to
pay and discharge the entire Indebtedness on the Notes not previously delivered to the Trustee for cancellation, for principal, premium, if any, and interest to the date of deposit (in the case of Notes that have become due and payable), or to the
Stated Maturity or redemption date, as the case may be. 
 17. Amendment, Waiver. 

The Indenture and the Notes may be amended as set forth in the Indenture. 

  
 A-2-12 

 18. Defaults and Remedies. 

Each of the following is an “Event of Default” under the Indenture: 

(a) default in any payment of interest on any Notes issued under the Indenture when due and payable, continued for 30 days; 

(b) default in the payment of the principal amount of or premium, if any, on any Notes issued under the Indenture due at its Stated
Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise; 
 (c) failure by KP Parent, the Issuer or
any of KP Parent’s Restricted Subsidiaries to comply for 60 days after notice by the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes with its other agreements contained in the Indenture; 

(d) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any
Indebtedness for money borrowed by KP Parent or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by KP Parent or any of its Restricted Subsidiaries) other than Indebtedness owed to KP Parent or a Restricted Subsidiary
whether such Indebtedness or Guarantee now exists, or is created after the Issue Date, which default: 
 (i) is caused by a failure to
pay principal at Stated Maturity on such Indebtedness, immediately upon the expiration of the grace period provided in such Indebtedness (“payment default”); or 

(ii) results in the acceleration of such Indebtedness prior to its maturity (the “cross acceleration provision”), 

and, in each case, either the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there
has been a payment default or the maturity of which has been so accelerated, aggregates €25.0 million or more; 
 (e) KP
Parent, the Issuer, or any Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer, or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent),
would constitute a Significant Subsidiary of KP Parent or the Issuer, pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences proceedings to be adjudicated bankrupt or insolvent; 

(ii) consents to the institution of bankruptcy, or insolvency proceedings against it, or the filing by it of a petition or answer or
consent seeking reorganization or relief under applicable Bankruptcy Law; 
 (iii) consents to the appointment of a receiver,
liquidator, assignee, trustee, sequestrator or other similar official of it or for all or substantially all of its property; 

(iv) makes a general assignment for the benefit of its creditors; or 

(v) admits in writing that it is unable to pay its debts as they become due; 

  
 A-2-13 

 (f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law
that: 
 (i) is for relief against KP Paren the Issuer, or any Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the
Issuer, or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant Subsidiary of KP Parent or the Issuer, in a proceeding in which KP Parent
the Issuer, or any such Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent),
would constitute a Significant Subsidiary of KP Parent or the Issuer, is to be adjudicated bankrupt or insolvent; 
 (ii) appoints a
receiver, liquidator, assignee, trustee, sequestrator or other similar official of KP Parent, the Issuer, or any of its Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer, or any group of Restricted Subsidiaries
that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant Subsidiary of KP Parent or the Issuer, or for all or substantially all of the property of KP Parent, the Issuer or any of
its Restricted Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a
Significant Subsidiary of KP Parent or the Issuer; or 
 (iii) orders the liquidation of the Issuer or any of its Restricted
Subsidiaries that is a Significant Subsidiary of KP Parent or the Issuer, or any group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant
Subsidiary of KP Parent or the Issuer, and the order or decree remains unstayed and in effect for 60 consecutive days; 
 (g) failure
by KP Parent, the Issuer or any Significant Subsidiary of KP Parent or the Issuer or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for KP Parent), would constitute a Significant
Subsidiary to pay final judgments aggregating in excess of €25.0 million (exclusive of any amounts that a solvent insurance company has acknowledged liability for), which judgments are not paid, discharged or stayed for a period of 60 days
after the judgment becomes final (the “judgment default provision”); 
 (h) any security interest under the Security
Documents shall, at any time, cease to be in full force and effect (other than in accordance with the terms of the relevant Security Document, the Intercreditor Agreement, any Additional Intercreditor Agreement and the Indenture and except through
the gross negligence or willful misconduct of the Trustee or Collateral Trustee) with respect to Collateral having a fair market value in excess of €5.0 million for any reason other than the satisfaction in full of all obligations under
the Indenture or the release of any such security interest in accordance with the terms of the Indenture, the Intercreditor Agreement, any Additional Intercreditor Agreement or the Security Documents or any such security interest created thereunder
shall be declared invalid or unenforceable or KP Parent, the Issuer or any Restricted Subsidiary shall assert in writing that any such security interest is invalid or unenforceable and any such Default continues for 10 days; 

(i) any Notes Guarantee of a Guarantor ceases to be in full force and effect (other than in accordance with the terms of such Notes
Guarantee or the Indenture) or is declared invalid or unenforceable in a judicial proceeding or any Guarantor denies or disaffirms in writing its obligations under its Notes Guarantee and any such Default continues for 10 days. 

  
 A-2-14 

 However, a default under (c), (d) or (g) of this Section 18 will not constitute an Event of
Default until the Trustee or the Holders of 25% in principal amount of the outstanding Notes under the Indenture notify the Issuer of the default and, with respect to (c) and (g) the Issuer does not cure such default within the time
specified in Section (c) or (g), as applicable, of this Section 18 after receipt of such notice. 
 19. Trustee Dealings with the Issuer

 The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or
its Affiliates with the same rights it would have if it were not Trustee. For the avoidance of doubt, any Agent, Paying Agent, Transfer Agent, Authenticating Agent or Registrar may do the same with like rights. 

20. No Recourse Against Others. 
 No
director, officer, employee, incorporator or shareholder of KP Parent, the Issuer, any Guarantor or any of their respective Subsidiaries or Affiliates, as such, shall have any liability for any obligations of KP Parent, the Issuer or any Guarantor
under the applicable Notes Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting this Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. 
 21. Authentication. 

This Note shall not be valid until an authorized signatory of the Trustee or an Authenticating Agent (as the case may be) manually signs the
certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under the Indenture 
 22.
Abbreviations. 
 Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common),
TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 

23. Governing Law. 
 THIS SECURITY
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 24. Common Codes and ISINs. 

The Issuer in issuing the Notes may use Common Codes and ISINs (if then generally in use) and, if so, the Trustee shall use Common Codes and
ISINs in notices of redemption as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of
a redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. 

  
 A-2-15 

 25. Subject to Intercreditor Agreement. 

This Note and the Indenture are entered into with the benefit of and subject to the terms of the Intercreditor Agreement and any Additional
Intercreditor Agreement. In the event of any conflict between this Note, the Indenture and the Intercreditor Agreement or any Additional Intercreditor Agreement, the terms of the Intercreditor Agreement or any Additional Intercreditor Agreement, as
applicable, shall apply. 
 The Issuer will furnish to any Holder of Notes upon written request and without charge to the Holder a copy
of the Indenture which has in it the text of this Note. 

  
 A-2-16 

 [ASSIGNMENT FORM] 

To assign this Note, fill in the form below: 
 I or
we assign and transfer this Note to: 

			
	
	 
	(Print or type assignee’s legal name)
	
	 
	(Insert assignee’s soc. sec. or tax I.D. No.)
	
	 
	
	 
	
	 
	
	 
	
	(Insert assignee’s name, address and zip or post code)
	
	and irrevocably appoint
	
	 
	to transfer this Note on the books of the Issuer. The agent may substitute another to act for him.
	
	Date:                                   
 
	
	Your Signature:
	 
	
	Sign exactly as your name appears on the other side of this Note.

			
		
	Signature Guarantee*:	 	 
	*(Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the Trustee)

  
 A-2-17 

 [FORM OF CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFER RESTRICTED NOTES] 

This certificate relates to €             principal amount of Notes held in
(check applicable box) ☐ book-entry or ☐ definitive registered form by the undersigned. 
 The undersigned (check one box below): 

 

	☐	as requested the Trustee by written order to deliver, in exchange for its beneficial interest in the Global Note held by the Depositary, a Definitive Registered Note in definitive, registered form of authorized
denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above); 

  

	☐	as requested the Trustee by written order to exchange or register the transfer of a Note. 

 In connection with
any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the period referred to in Rule 144(k) under the Securities Act, the undersigned confirms that such Notes are being transferred in accordance with its
terms: 
 CHECK ONE BOX BELOW 
  

							
		 	(1)	  	☐	  	the Issuer; or
				
		 	(2)	  	☐	  	the Registrar for registration in the name of the Holder, without transfer; or
				
		 	(3)	  	☐	  	pursuant to an effective registration statement under the U.S. Securities Act of 1933; or
				
		 	(4)	  	☐	  	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the U.S. Securities Act of 1933) that purchases for its own account or for the account of a qualified institutional buyer to whom
notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the U.S. Securities Act of 1933; or
				
		 	(5)	  	☐	  	outside the United States in an offshore transaction within the meaning of Regulation S under the U.S. Securities Act in compliance with Rule 904 under the U.S. Securities Act of 1933; or
				
		 	(6)	  	☐	  	pursuant to Rule 144 under the U S. Securities Act of 1933 or another available exemption from registration.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (5) or (6) is checked, the Trustee may require, prior to registering any such transfer of the Notes, such legal opinions,
certifications and other information as the Trustee or the Issuer has reasonably requested to confirm that such 

  
 A-2-18 

 
transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933. 

Date:                         
            
 Your Signature: 

	
	
	 

 Sign exactly as your name appears on the other side of this Note. 

 

			
	Signature Guarantee*:	  	 

 *(Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature
guarantor acceptable to the Trustee) 
 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the U.S. Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule 144A
and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the
undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

Date:                         
            
  

			
	Signature:	  	 
		  	                                    (to be executed
by an executive officer of purchaser)

  
 A-2-19 

 Schedule of Increases and Decreases in the Global Notes 

The initial principal amount of this Global Note is
€            . The following increases or decreases in this Global Note have been made: 
  

									
	 Date of

Increase/Decrease
	  	Amount of
Decrease in
Principal Amount
of
this Global Note	  	Amount of
Increase in
Principal Amount
of
this Global Note	  	Principal Amount
of
this Global Note
Following such
Decrease or
Increase	  	Signature of
Authorized
Signatory of
Registrar or
Paying Agent

  
 A-2-20 

 [FORM OF OPTION OF HOLDER TO ELECT PURCHASE] 

If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.14 (Change of Control) or Section 4.05
(Limitation on Sales of Assets and Subsidiary Stock) of the Indenture, check the box: 
  

			
	 Asset Disposition ☐
	  	Change of Control ☐

 If you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 4.14 or
Section 4.05 of the Indenture, state the amount (minimum amount of €100,000): 
  

€                      
       

Date:                         
            
  

	
	Your Signature:
	 

 (Sign exactly as your name appears on the other side of the Note) 

 

			
	Signature Guarantee*:	 	 

 *(SIGNATURE MUST BE GUARANTEED BY A PARTICIPANT IN A RECOGNIZED SIGNATURE GUARANTY MEDALLION PROGRAM OR OTHER SIGNATURE
GUARANTOR ACCEPTABLE TO THE TRUSTEE) 

  
 A-2-21 

 EXHIBIT B 

FORM OF SUPPLEMENTAL INDENTURE 

SUPPLEMENTAL INDENTURE 

SUPPLEMENTAL INDENTURE No. [ • ] (this “Supplemental Indenture”), dated as of [ • ],
among [ • ], a company incorporated and existing under the laws of [ • ] (the “Additional Guarantor”), Klöckner Pentaplast of America, Inc. (the “Issuer”), and Deutsche Trustee Company Limited, as
trustee (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of
April 28, 2015 providing for the issuance of the Issuer’s 7 1⁄8% Senior Notes due 2020 (the “Notes”). 

WHEREAS, the Indenture provides that under certain circumstances a Parent Entity or Subsidiary of the Issuer may execute and deliver to the
Trustee a supplemental indenture pursuant to which such entity shall unconditionally guarantee all of the Issuer’s obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Additional Notes
Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Issuer, the Additional Guarantor and the Trustee
are authorized to execute and deliver this Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the Additional Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 

1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them
in the Indenture. 
 2. AGREEMENT TO GUARANTEE. The Additional Guarantor hereby agrees to
provide an unconditional Additional Guarantee on the terms and subject to the conditions set forth in the Additional Notes Guarantee and in the Indenture including but not limited to Article X thereof. 

3. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer,
employee, incorporator or stockholder of any Additional Guarantor, as such, shall have any liability for any obligations of the Issuer or any Guarantor under the Notes Documents, the Additional Notes Guarantee or this Supplemental Indenture or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

4. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE, THE NOTES AND THE ADDITIONAL
NOTES GUARANTEE, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 B-1 

 5. Each of the parties hereto irrevocably agrees that any suit, action or proceeding arising out
of, related to, or in connection with the Indenture, this Supplemental Indenture, the Notes and the Additional Notes Guarantee or the transactions contemplated hereby, and any action arising under U.S. federal or state securities laws, may be
instituted in any U.S. federal or state court located in the State and City of New York, Borough of Manhattan; irrevocably waives, to the fullest extent it may effectively do so, any objection which it may now or hereafter have to the laying of
venue of any such proceeding; and irrevocably submits to the jurisdiction of such courts in any such suit, action or proceeding. The Issuer and each of the Guarantors has appointed CT Corporation, as its authorized agent upon whom process may be
served in any such suit, action or proceeding which may be instituted in any federal or state court located in the State of New York, Borough of Manhattan arising out of or based upon the Indenture, this Supplemental Indenture, the Notes or the
transactions contemplated hereby or thereby, and any action brought under U.S. federal or state securities laws (the “Authorized Agent”). The Issuer and each of the Guarantors expressly consents to the jurisdiction of any such court
in respect of any such action and waives any other requirements of or objections to personal jurisdiction with respect thereto and waives any right to trial by jury. Such appointment shall be irrevocable unless and until replaced by an agent
reasonably acceptable to the Trustee. The Issuer and each of the Guarantors represents and warrants that the Authorized Agent has agreed to act as said agent for service of process, and the Issuer agrees to take any and all action, including the
filing of any and all documents and instruments, that may be necessary to continue such appointment in full force and effect as aforesaid. Service of process upon the Authorized Agent and written notice of such service to the Issuer shall be deemed,
in every respect, effective service of process upon the Issuer and any Guarantor. 
 6. COUNTERPARTS. The parties may sign
any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect
the construction hereof. 
 8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for
or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Additional Guarantor and the Issuer. 

  
 B-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
  

			
	Dated:
                                    
	
	KLÖCKNER PENTAPLAST OF AMERICA,
	INC.,
	as Issuer
		
	By:	 	 
		 	Name:
		 	Title:

  
 B-3 

 
			
	 DEUTSCHE TRUSTEE COMPANY

LIMITED,
 as Trustee

		
	By:	 	 
		 	    Authorized Signatory
		
	By:	 	 
		 	    Authorized Signatory

  
 B-4 

 
			
	[ADDITIONAL GUARANTOR]
		
	By:	 	 
		 	    Name:
		 	    Title:

  
 B-5 

 Schedule 1 

On the Issue Date, the Security Documents with respect to the Collateral will include: 

 

					
	 Name of Transaction Security

provider
	  	 Transaction Security Document
	  	Governing
Law
	 KP Holding GmbH & Co. KG
  

KP Holding Verwaltungs GmbH
  

Kleopatra Lux 2 S.à r.l.

	  	Share and interest pledge agreement relating to the shares in KP Holding Verwaltungs GmbH and KP International Holding GmbH and the partnership interest in KP Holding GmbH & Co. KG and Klöckner Pentaplast German Holding
GmbH & Co. KG	  	German law
			
	 Klöckner Pentaplast German
 Holding
GmbH & Co. KG
  
 KP Holding Verwaltungs GmbH

 
 KP International Holding GmbH
	  	Assignment of receivables agreement relating to, inter alia, the assignment of intra-group receivables	  	German law
			
	KP Holding GmbH & Co. KG	  		  	
			
	Kleopatra Holdings 2	  	A share and ISPECs pledge agreement between the Kleopatra Holdings 2 as pledgor and the Collateral Trustee in the presence of Kleopatra Lux 2 S.à.r.l. in respect of shares and ISPECs issued by the Kleopatra Lux 2
S.à.r.l.	  	Luxembourg
law
			
	Kleopatra Holdings 2	  	A receivables pledge agreement between the Kleopatra Holdings 2 as pledgor and the Collateral Trustee in respect of certain Luxembourg law receivables owed to Kleopatra Holdings 2	  	Luxembourg
law
			
	Kleopatra Lux 2 S.à.r.l.	  	A receivables pledge agreement between Kleopatra Lux 2 S.à.r.l. as pledgor and the Collateral Trustee in respect of certain Luxembourg law receivables owed to Kleopatra Lux 2 S.à.r.l.	  	Luxembourg
law

  
 Schedule-1EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

CREDIT AGREEMENT 

DATED AS OF APRIL 28, 2015 

AMONG 
 KLEOPATRA
HOLDINGS 2 SCA, AS PARENT, 
 KP HOLDING GMBH & CO. KG, AS HOLDINGS,

 KLÖCKNER PENTAPLAST GERMAN HOLDING GMBH & CO. KG, AS INTERMEDIATE GERMAN
HOLDINGS, 
 KP INTERNATIONAL HOLDING GMBH, AS INTERMEDIATE KPA HOLDINGS, 

KP GERMANY ERSTE GMBH, AS A GERMAN BORROWER, 

KLÖCKNER PENTAPLAST GMBH, AS A GERMAN BORROWER, 

KLÖCKNER PENTAPLAST OF AMERICA, INC., AS U.S. BORROWER, 

AND 
 THE OTHER
GUARANTORS PARTY HERETO, 
 AS GUARANTORS, 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 

AS ADMINISTRATIVE AGENT, 

AND 

THE OTHER LENDERS PARTY HERETO 

 
  

CREDIT SUISSE SECURITIES (USA) LLC, 

BARCLAYS BANK PLC 

AND 
 DEUTSCHE BANK
AG 
 AS JOINT LEAD ARRANGERS AND JOINT
LEAD BOOKRUNNERS, 
 AND 

JEFFERIES FINANCE LLC, 

AS JOINT LEAD ARRANGER AND JOINT LEAD
BOOKRUNNER SOLELY IN RESPECT OF 
 THE
INITIAL U.S. BORROWER DOLLAR TERM LOANS AND THE U.S. REVOLVING CREDIT FACILITY (AND
NOT IN 
 RESPECT OF ANY OF THE
OTHER FACILITIES) 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE I. Definitions and Accounting Terms	  	 	1	  
			
	 Section 1.01
	 	 Defined Terms
	  	 	1	  
	 Section 1.02
	 	 Other Interpretive Provisions
	  	 	58	  
	 Section 1.03
	 	 Accounting Terms
	  	 	60	  
	 Section 1.04
	 	 Rounding
	  	 	60	  
	 Section 1.05
	 	 References to Agreements and Laws
	  	 	60	  
	 Section 1.06
	 	 Times of Day
	  	 	60	  
	 Section 1.07
	 	 Timing of Payment or Performance
	  	 	60	  
	 Section 1.08
	 	 Currency Equivalents Generally
	  	 	61	  
	 Section 1.09
	 	 Change in Currency
	  	 	61	  
	 Section 1.10
	 	 Letter of Credit Amounts
	  	 	62	  
	 Section 1.11
	 	 Calculation of Baskets
	  	 	62	  
	 Section 1.12
	 	 Guaranty and Security Principles
	  	 	62	  
	 Section 1.13
	 	 Borrower Representative
	  	 	62	  
	 Section 1.14
	 	 [Reserved]
	  	 	62	  
	 Section 1.15
	 	 Luxembourg Terms
	  	 	63	  
		
	ARTICLE II. The Commitments and Credit Extensions	  	 	63	  
			
	 Section 2.01
	 	 The Loans
	  	 	63	  
	 Section 2.02
	 	 Borrowings, Conversions and Continuations of Loans
	  	 	65	  
	 Section 2.03
	 	 Letters of Credit
	  	 	66	  
	 Section 2.04
	 	 [Reserved]
	  	 	74	  
	 Section 2.05
	 	 Prepayments
	  	 	74	  
	 Section 2.06
	 	 Termination or Reduction of Commitments
	  	 	78	  
	 Section 2.07
	 	 Repayment of Loans
	  	 	80	  
	 Section 2.08
	 	 Interest
	  	 	81	  
	 Section 2.09
	 	 Fees
	  	 	82	  
	 Section 2.10
	 	 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	  	 	82	  
	 Section 2.11
	 	 Evidence of Indebtedness
	  	 	82	  
	 Section 2.12
	 	 Payments Generally; Administrative Agent’s Clawback
	  	 	83	  
	 Section 2.13
	 	 Sharing of Payments
	  	 	85	  
	 Section 2.14
	 	 Incremental Credit Extensions
	  	 	85	  
	 Section 2.15
	 	 Extensions of Loans and Incremental Revolving Credit Commitments
	  	 	89	  
	 Section 2.16
	 	 Cash Collateral
	  	 	91	  
	 Section 2.17
	 	 Defaulting Lenders
	  	 	92	  
	 Section 2.18
	 	 Specified Refinancing Debt
	  	 	93	  
	 Section 2.19
	 	 Ancillary Facilities
	  	 	96	  
	 Section 2.20
	 	 Designation of Borrowers
	  	 	101	  
	 Section 2.21
	 	 Designation of Guarantors
	  	 	102	  
		
	ARTICLE III. Taxes, Currency Equivalents, Increased Costs Protection and Illegality	  	 	102	  
			
	 Section 3.01
	 	 Taxes
	  	 	102	  
	 Section 3.02
	 	 [Reserved]
	  	 	106	  
	 Section 3.03
	 	 Illegality
	  	 	106	  
	 Section 3.04
	 	 Inability to Determine Rates
	  	 	107	  
	 Section 3.05
	 	 Increased Cost and Reduced Return; Capital Adequacy
	  	 	108	  
	 Section 3.06
	 	 Funding Losses
	  	 	108	  
	 Section 3.07
	 	 Matters Applicable to All Requests for Compensation
	  	 	109	  
	 Section 3.08
	 	 Replacement of Lenders under Certain Circumstances
	  	 	110	  

  
 -i- 

							
	 	 	 	  	Page	 
		
	ARTICLE IV. Conditions Precedent to Credit Extensions	  	 	112	  
			
	 Section 4.01
	 	 Closing Date
	  	 	112	  
	 Section 4.02
	 	 Conditions to All Credit Extensions
	  	 	114	  
		
	ARTICLE V. Representations and Warranties	  	 	115	  
			
	 Section 5.01
	 	 Organization; Powers
	  	 	115	  
	 Section 5.02
	 	 Authorization; Enforceability
	  	 	115	  
	 Section 5.03
	 	 Governmental Approvals; No Conflicts
	  	 	115	  
	 Section 5.04
	 	 Financial Condition; No Material Adverse Effect
	  	 	116	  
	 Section 5.05
	 	 Properties
	  	 	116	  
	 Section 5.06
	 	 Litigation and Environmental Matters
	  	 	116	  
	 Section 5.07
	 	 Compliance with Laws
	  	 	116	  
	 Section 5.08
	 	 Investment Company Status
	  	 	116	  
	 Section 5.09
	 	 Taxes
	  	 	116	  
	 Section 5.10
	 	 ERISA
	  	 	117	  
	 Section 5.11
	 	 Disclosure
	  	 	117	  
	 Section 5.12
	 	 Solvency
	  	 	117	  
	 Section 5.13
	 	 Capitalization and Subsidiaries
	  	 	118	  
	 Section 5.14
	 	 Security Interest in Collateral
	  	 	118	  
	 Section 5.15
	 	 Federal Reserve Regulations
	  	 	118	  
	 Section 5.16
	 	 Sanctions Laws and Anti-Corruption Laws
	  	 	118	  
	 Section 5.17
	 	 Central Administration; COMI
	  	 	119	  
	 Section 5.18
	 	 Senior Debt
	  	 	119	  
	 Section 5.19
	 	 Luxembourg Specific Representations
	  	 	119	  
		
	ARTICLE VI. Affirmative Covenants	  	 	120	  
			
	 Section 6.01
	 	 Financial Statements and Other Reports
	  	 	120	  
	 Section 6.02
	 	 Existence
	  	 	123	  
	 Section 6.03
	 	 Payment of Taxes
	  	 	123	  
	 Section 6.04
	 	 Maintenance of Properties
	  	 	123	  
	 Section 6.05
	 	 Insurance
	  	 	123	  
	 Section 6.06
	 	 Inspections
	  	 	123	  
	 Section 6.07
	 	 Maintenance of Book and Records
	  	 	124	  
	 Section 6.08
	 	 Compliance with Laws
	  	 	124	  
	 Section 6.09
	 	 Environmental
	  	 	125	  
	 Section 6.10
	 	 Designation of Subsidiaries
	  	 	126	  
	 Section 6.11
	 	 Use of Proceeds
	  	 	126	  
	 Section 6.12
	 	 Additional Collateral; Further Assurances
	  	 	126	  
	 Section 6.13
	 	 Guarantor Coverage Test
	  	 	128	  
	 Section 6.14
	 	 Maintenance of Ratings
	  	 	128	  
	 Section 6.15
	 	 Post-Closing Items
	  	 	128	  
		
	ARTICLE VII. Negative Covenants	  	 	128	  
			
	 Section 7.01
	 	 Indebtedness
	  	 	129	  
	 Section 7.02
	 	 Liens
	  	 	134	  
	 Section 7.03
	 	 No Further Negative Pledges
	  	 	138	  
	 Section 7.04
	 	 Restricted Payments; Certain Payments of Indebtedness
	  	 	139	  
	 Section 7.05
	 	 Restrictions on Subsidiary Distributions
	  	 	143	  
	 Section 7.06
	 	 Investments
	  	 	144	  
	 Section 7.07
	 	 Fundamental Changes; Disposition of Assets
	  	 	147	  
	 Section 7.08
	 	 Sales and Lease-Backs
	  	 	150	  
	 Section 7.09
	 	 Transactions with Affiliates
	  	 	150	  

  
 -ii- 

							
	 	 	 	  	Page	 
			
	 Section 7.10
	 	 Conduct of Business
	  	 	152	  
	 Section 7.11
	 	 Amendments or Waivers of Organizational Documents
	  	 	152	  
	 Section 7.12
	 	 Amendments of or Waivers with Respect to Restricted Debt
	  	 	152	  
	 Section 7.13
	 	 Fiscal Year
	  	 	152	  
	 Section 7.14
	 	 Change of COMI
	  	 	152	  
	 Section 7.15
	 	 Permitted Activities
	  	 	152	  
	 Section 7.16
	 	 Financial Covenant
	  	 	153	  
		
	ARTICLE VIII. Events of Default and Remedies	  	 	153	  
			
	 Section 8.01
	 	 Events of Default
	  	 	153	  
	 Section 8.02
	 	 Remedies Upon Event of Default
	  	 	155	  
	 Section 8.03
	 	 Right to Cure
	  	 	156	  
	 Section 8.04
	 	 Application of Funds
	  	 	157	  
	 Section 8.05
	 	 Clean Up Period
	  	 	158	  
		
	ARTICLE IX. Administrative Agent	  	 	158	  
			
	 Section 9.01
	 	 Appointment and Authorization of Administrative Agent and Collateral Trustee
	  	 	158	  
	 Section 9.02
	 	 Withholding Tax
	  	 	163	  
		
	ARTICLE X. Miscellaneous	  	 	164	  
			
	 Section 10.01
	 	 Notices
	  	 	164	  
	 Section 10.02
	 	 Waivers; Amendments
	  	 	165	  
	 Section 10.03
	 	 Expenses; Indemnity; Damage Waiver
	  	 	170	  
	 Section 10.04
	 	 Waiver of Claim
	  	 	171	  
	 Section 10.05
	 	 Successors and Assigns
	  	 	171	  
	 Section 10.06
	 	 Survival
	  	 	178	  
	 Section 10.07
	 	 Counterparts; Integration; Effectiveness
	  	 	179	  
	 Section 10.08
	 	 Severability
	  	 	179	  
	 Section 10.09
	 	 Right of Setoff
	  	 	179	  
	 Section 10.10
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	179	  
	 Section 10.11
	 	 Waiver of Jury Trial
	  	 	180	  
	 Section 10.12
	 	 Headings
	  	 	180	  
	 Section 10.13
	 	 Confidentiality
	  	 	180	  
	 Section 10.14
	 	 No Fiduciary Duty
	  	 	181	  
	 Section 10.15
	 	 Several Obligations; Violation of Law
	  	 	182	  
	 Section 10.16
	 	 USA PATRIOT Act
	  	 	182	  
	 Section 10.17
	 	 Disclosure
	  	 	182	  
	 Section 10.18
	 	 Appointment for Perfection
	  	 	182	  
	 Section 10.19
	 	 Interest Rate Limitation
	  	 	182	  
	 Section 10.20
	 	 Intercreditor Agreement; Appointment of Agents
	  	 	182	  
	 Section 10.21
	 	 Conflicts
	  	 	183	  
	 Section 10.22
	 	 Certain Undertakings with Respect to any Securitization Subsidiary
	  	 	183	  
		
	ARTICLE XI. [RESERVED]	  	 	184	  
		
	ARTICLE XII. LOAN GUARANTY	  	 	184	  
			
	 Section 12.01
	 	 Guaranty
	  	 	184	  
	 Section 12.02
	 	 Guaranty of Payment
	  	 	184	  
	 Section 12.03
	 	 No Discharge or Diminishment of Loan Guaranty
	  	 	184	  
	 Section 12.04
	 	 Defenses Waived
	  	 	185	  
	 Section 12.05
	 	 Authorization
	  	 	185	  

  
 -iii- 

							
	 	 	 	  	Page	 
			
	 Section 12.06
	 	 Rights of Subrogation
	  	 	186	  
	 Section 12.07
	 	 Reinstatement; Stay of Acceleration
	  	 	186	  
	 Section 12.08
	 	 Information
	  	 	186	  
	 Section 12.09
	 	 Maximum Liability
	  	 	186	  
	 Section 12.10
	 	 Limitation of Liability for German Guarantors
	  	 	187	  
	 Section 12.11
	 	 Contribution
	  	 	189	  
	 Section 12.12
	 	 Limitation of Liability for Swiss Guarantors
	  	 	190	  
	 Section 12.13
	 	 Limitation on Guaranty by Luxembourg Guarantor
	  	 	191	  
	 Section 12.14
	 	 Liability Cumulative
	  	 	192	  
	 Section 12.15
	 	 Keepwell
	  	 	192	  
	 Section 12.16
	 	 Loan Guaranty Limitations
	  	 	192	  

  
 -iv- 

			
	 SCHEDULES

		
	 1.01(a)
	  	 Collateral Documents and Provisions

	 1.01(b)
	  	 Guaranty and Security Principles

	 1.01(d)
	  	 Original Guarantors

	 1.01(f)
	  	 Excluded Subsidiaries

	 2.01
	  	 Commitments and Pro Rata Shares

	 4.01(e)
	  	 Jurisdictions of Local Counsel Opinions

	 5.13
	  	 Subsidiaries and Other Equity Investments

	 6.15
	  	 Post-Closing Items

	 7.01
	  	 Existing Indebtedness

	 7.02
	  	 Existing Liens

	 7.03
	  	 Existing Restrictions

	 7.05
	  	 Existing Restrictions on Subsidiary Distributions

	 7.06
	  	 Existing Investments

	 7.08
	  	 Sale and Lease-Back Transactions

	 9.01
	  	 Certain Addresses for Notices

	
	 EXHIBITS

	
	 Form of

		
	 A
	  	 Committed Loan Notice

	 B
	  	 Term Note

	 C
	  	 Revolving Credit Note

	 D
	  	 Compliance Certificate

	 E
	  	 Assignment and Assumption

	 F
	  	 Affiliate Lender Assignment and Assumption

	 G
	  	 Administrative Questionnaire

	 H
	  	 Solvency Certificate

	 I
	  	 Intercreditor Agreement

	 J
	  	 Joinder Agreement

  
 -v- 

 This CREDIT AGREEMENT (this “Agreement”) is entered into as of April 28,
2015, among Kleopatra Holdings 2, a corporate partnership limited by shares (société au commandite par actions), organized and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 46A4 Avenue
J.F. Kennedy, L4885 Luxembourg, and registered with the Luxembourg Companies Register under number B168851 (the “Parent”), KP Holding GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) established under the
laws of the Federal Republic of Germany and registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Montabaur under HRA 21369 (“Holdings”), Klöckner Pentaplast German Holding
GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) established under the laws of the Federal Republic of Germany and registered with the commercial register (Handelsregister) of the local court (Amtsgericht)
of Montabaur under HRA 20928 (“Intermediate German Holdings”), KP International Holding GmbH , a limited liability company (Gesellschaft mit beschränkter Haftung) organized under the laws of the Federal Republic of
Germany and registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Montabaur under HRB 24355 (“Intermediate KPA Holdings”), KP Germany Erste GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) organized under the laws of the Federal Republic of Germany and registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Montabaur under HRB 20918
(“KP Erste”), Klöckner Pentaplast GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) organized under the laws of the Federal Republic of Germany and registered with the commercial register
(Handelsregister) of the local court (Amtsgericht) of Montabaur under HRB 6803 (“KP GmbH” and together with KP Erste, each a “German Borrower” and collectively, the “German Borrowers”)
Klöckner Pentaplast of America, Inc., a Delaware corporation (the “U.S. Borrower”), the Revolving Borrowers named herein, certain Subsidiaries of the Parent party hereto as Guarantors, each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”), and Credit Suisse AG, Cayman Islands Branch (“Credit Suisse”), in its capacity as administrative agent for the Lenders (together with its
successors and assigns in such capacity, the “Administrative Agent”). 
 PRELIMINARY STATEMENTS 

The Borrowers have requested that, upon the satisfaction in full of the conditions precedent set forth in Article IV below, the
applicable Lenders (a)(i) make term loans in Dollars to the U.S. Borrower in an aggregate principal amount equal to $513,442,800 and (ii) make term loans in Dollars to KP Erste in an aggregate principal amount equal to $219,420,000, (b)
(i) make a term loan in Euros to KP GmbH in an aggregate principal amount of €100,000,000 and (ii) make a term loan in Euros to KP Erste in an aggregate principal amount of €113,000,000 and (c) make available to the
Borrowers a €25,000,000 multicurrency U.S. revolving credit facility and a €75,000,000 multicurrency worldwide revolving credit facility for the making, from time to time, of revolving loans and the issuance, from time to time, of letters
of credit, in each case, on the terms and subject to the conditions set forth in this Agreement. Concurrently herewith, the U.S. Borrower is issuing Senior Notes in an aggregate principal amount equal to the €300,000,000, subject to the terms
of the Intercreditor Agreement. 
 In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and
agree as follows: 
 ARTICLE I. 

Definitions and Accounting Terms 

Section 1.01    Defined Terms. As used in this Agreement, the following terms shall have the meanings set
forth below: 
 “Additional Amounts” has the meaning assigned to such term in the definition of “Applicable
Rate”. 
 “Additional Commitments” means any commitments added pursuant to Section 2.14,
2.15 or 10.02(d). 
 “Additional Lender” has the meaning assigned to such term in Section 2.14(b).

 “Additional Revolving Facility” means any revolving credit facilities added pursuant to
Section 2.14, 2.15 or 10.02(d)(ii). 

 “Additional Securitization Undertakings” means an unsecured guarantee or
recourse constituting Indebtedness and granted by any Borrower or any Subsidiary in respect of Recourse Permitted Securitizations. 

“Additional Term Loans” means any term loans added pursuant to Section 2.14, 2.15 or
10.02(d)(i). 
 “Adjusted Eurocurrency Rate” means, with respect to any Eurocurrency Rate Borrowing for any Interest
Period, an interest rate per annum equal to (a) with respect to any Eurocurrency Rate Borrowing denominated in Dollars, the greater of (i) the Eurocurrency Rate based on clause (a) of the definition of “Eurocurrency
Rate” with respect to Dollars for such Interest Period, multiplied by the Statutory Reserve Rate and (ii) solely with respect to Initial Term Loans, 1.00% per annum, (b) with respect to any Eurocurrency Rate Borrowing denominated in
Euros, the greater of (i) the Eurocurrency Rate based on clause (b) of the definition of “Eurocurrency Rate” with respect to Euros for such Interest Period and (ii) solely with respect to Initial Term Loans, 1.00% per
annum, (c) with respect to any Eurocurrency Rate Borrowing denominated in any Alternative Currency, the Eurocurrency Rate based on clause (c) of the definition of “Eurocurrency Rate” with respect to such other Alternative
Currency for such Interest Period. The Adjusted Eurocurrency Rate for any Eurocurrency Rate Borrowing that includes the Statutory Reserve Rate as a component of the calculation will be adjusted automatically with respect to all such Eurocurrency
Rate Borrowings then outstanding as of the effective date of any change in the Statutory Reserve Rate. 
 “Adjusted Group”
means Parent and its Subsidiaries, but excluding each Subsidiary organized under the laws of Argentina, Russia, Thailand, Brazil, China, India, Mexico, the United Arab Emirates, Egypt or Australia. 

“Administrative Agent” has the meaning assigned to such term in the preamble to this Agreement. 

“Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit G or any
other form approved by the Administrative Agent. 
 “Adverse Proceeding” means any action, suit, proceeding (whether
administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf Parent or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign
(including any Environmental Claims), whether pending or, to the knowledge of Parent or any of its Subsidiaries, threatened in writing against or affecting Parent or any of its Subsidiaries or any property of Parent or any of its Subsidiaries. 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly Controlling, Controlled by, or under
common Control with, that Person. No Person shall be an “Affiliate” solely because it is an unrelated portfolio company of the Sponsor or an unrelated holder of publicly available shares in Parent and none of the Administrative
Agent, any Lender (other than an Affiliated Lender or a Debt Fund Affiliate) or any of their respective Affiliates shall be considered an Affiliate of any Parent Company, any Borrower or any Subsidiary thereof. For purposes of this Agreement,
Jefferies International Limited and its Affiliates shall be deemed to be “Affiliates” of Jefferies Finance LLC. 

“Affiliated Lender” means any Non-Debt Fund Affiliate, any Parent Company, any
Borrower and/or any subsidiary of any Borrower, which, for the avoidance of doubt, excludes any Debt Fund Affiliate. 
 “Affiliated
Lender Cap” has the meaning assigned to such term in Section 10.05(g)(v). 
 “Agent-Related Persons” means
each Agent, together with its Related Parties. 
 “Agents” means, collectively, the Administrative Agent, the Collateral
Trustee, the Arrangers and the Supplemental Agents (if any). 
 “Aggregate Commitments” means the Commitments of all the
Lenders. 
 “Agreement” has the meaning assigned to such term in the preamble to this Agreement. 

  
 2 

 “Alternative Currency” means any currency (other than Dollars, Sterling and
Euros) agreed to by the Administrative Agent, each applicable L/C Issuer, each Revolving Credit Lender and the Borrower Representative. 

“Ancillary Commencement Date” means, in relation to an Ancillary Facility, the date on which that Ancillary Facility is first
made available, which date shall be a Business Day on and after the Closing Date, until and excluding the Business Day preceding the Maturity Date for the relevant Revolving Credit Facility. 

“Ancillary Commitment” means, in relation to an Ancillary Lender and an Ancillary Facility, the maximum amount which that
Ancillary Lender has agreed (whether or not subject to satisfaction of conditions precedent) to make available from time to time under an Ancillary Facility and which has been authorized as such under Section 2.19, in each
case as notified by the Ancillary Lender to the Administrative Agent pursuant to Section 2.19 to the extent that amount is not cancelled or reduced under this Agreement or the Ancillary Documents relating to that Ancillary
Facility. 
 “Ancillary Document” means each document relating to or evidencing the terms of an Ancillary Facility. 

“Ancillary Facility” means any ancillary facility made available by an Ancillary Lender in accordance with
Section 2.19. 
 “Ancillary Lender” means each Lender (or Affiliate of a Lender) which makes
available an Ancillary Facility in accordance with Section 2.19 and which is a party or which has otherwise acceded to the Intercreditor Agreement as an Ancillary Lender in accordance with its terms. 

“Ancillary Outstandings” means, at any time, in relation to an Ancillary Lender and an Ancillary Facility then in force, the
aggregate of the equivalents (as calculated by that Ancillary Lender) in Dollars, Sterling or Euros in the following amounts outstanding under that Ancillary Facility: 

(a)    the principal amount under each overdraft facility and on demand short term loan facility; 

(b)    the face amount of each guarantee, bond and letter of credit under that Ancillary Facility; and 

(c)    the amount fairly representing the aggregate exposure (excluding interest and similar charges) of that Ancillary
Lender under each other type of accommodation provided under that Ancillary Facility, 
 in each case net of any credit balances on any
account of any Borrower of an Ancillary Facility with the Ancillary Lender making available that Ancillary Facility to the extent that the credit balances are freely available to be set off by that Ancillary Lender against liabilities owed to it by
that Borrower under that Ancillary Facility and in each case as determined by such Ancillary Lender, acting reasonably in accordance with its normal banking practice and in accordance with the relevant Ancillary Document. 

For the purposes of this definition: 

(i)    in relation to any Borrowing denominated in Dollars, Euros or Sterling, the amount of that Borrowing (determined as
described in clauses (a) to (c) above) shall be used; and 
 (ii)    in relation to any borrowing not
denominated in Dollars, Euros or Sterling, the equivalent (calculated as specified in the relevant Ancillary Document or, if not so specified, as the relevant Ancillary Lender may specify, in each case in accordance with its usual practice at that
time for calculating that equivalent in Dollars, Euros or Sterling (acting reasonably)) of the amount of that Borrowing (determined as described in clauses (a) to (c) above) shall be used. 

“Anticipated Cure Deadline” has the meaning assigned to such term in Section 8.03(a). 

“Applicable Price” has the meaning assigned to such term in the definition of “Dutch Auction”. 

  
 3 

 “Applicable Rate” means a percentage per annum equal to (a) with respect to
the Initial Dollar Term Loans, (x) 4.00% per annum in the case of Eurocurrency Rate Loans and (y) 3.00% per annum in the case of Base Rate Loans; (b) with respect to the Initial Euro Term Loans, 4.00% per annum for Eurocurrency Rate Loans; and
(c) with respect to the Revolving Credit Loans, (x) the rate per annum set forth below under the caption “Revolving Credit Loans that are Eurodollar Loans denominated in Dollars” in the case of Eurocurrency Rate Loans denominated
in Dollars (y) the rate per annum set forth below under the caption “Revolving Credit Loans that are Eurodollar Loans denominated in Euros, Sterling or an Alternative Currency” in the case of Eurocurrency Rate Loans denominated in
Euros, Sterling or an Alternative Currency and (z) the rate per annum set forth below under the caption “Revolving Credit Loans that are Base Rate Loans” in the case of Base Rate Loans and (d) with respect to the Revolving
Facility Fees payable in respect of the commitments under the Revolving Credit Facility, the rate per annum set forth below under the caption “Revolving Facility Fees”, as the case may be, based upon the First Lien Net Leverage Ratio shown
on the most recent Compliance Certificate delivered by the Borrower Representative to the Administrative Agent pursuant to Section 6.01(d) prior to such date. 
  

																			
	 Level
	  	 First Lien Net Leverage Ratio
	  	Revolving Credit
Loans that are
Eurocurrency
Rate Loans
denominated in
Dollars	 	 	Revolving
Credit Loans
that are
Eurocurrency
Rate Loans
denominated
in Euros,
Sterling or 
an
Alternative
Currency	 	 	Revolving
Credit Loans
that are Base
Rate Loans	 	 	Revolving
Facility Fees	 
	 I
	  	Greater than 3.50:1.00	  	 	4.00	% 	 	 	4.25	% 	 	 	3.00	% 	 	 	0.50	% 
	 II
	  	Less than or equal to 3.50:1.00 but greater than 3.00:1.00	  	 	3.75	% 	 	 	4.00	% 	 	 	2.75	% 	 	 	0.50	% 
	 III
	  	Less than or equal to 3.00:1.00	  	 	3.50	% 	 	 	3.75	% 	 	 	2.50	% 	 	 	0.375	% 

 Any increase or decrease in the Applicable Rate pursuant to the grid set forth above shall take effect on the
date of receipt by the Administrative Agent of the financial statements required to be delivered pursuant to Section 6.01(b) or (c) and the related Compliance Certificate required to be delivered pursuant to Section
6.01(d). Notwithstanding anything to the contrary contained in this definition, from the Closing Date until delivery of the Compliance Certificate for the first full fiscal quarter ended after the Closing Date, the Applicable Rate with respect
to the Revolving Credit Loans and the Revolving Facility Fees shall be the rate applicable under Level I. 
 Notwithstanding anything
to the contrary set forth in this Agreement, (a) if the Borrowers shall fail to deliver the financial statements required to be delivered pursuant to Section 6.01(b) or (c) and/or the Compliance Certificate required to be
delivered pursuant to Section 6.01(d), in each case within the time periods specified therein, the Applicable Rate with respect to the Revolving Credit Loans and the Revolving Facility Fees from and including the 45th day after the end of such Fiscal Quarter or the 120th day after the end of such Fiscal Year, as the case may be, to but not including the date
the Borrowers deliver to the Administrative Agent such financial statements and/or Compliance Certificate shall conclusively equal the highest possible Applicable Rate provided for in this definition and (b) if (i) the First Lien Net Leverage
Ratio used to determine the Applicable Rate with respect to the Revolving Credit Loans and the Revolving Facility Fees for any period is incorrect as a result of any error, misstatement or misrepresentation contained in any financial statements
required to be delivered pursuant to Section 6.01(b) or (c) or the Compliance Certificate required to be delivered pursuant to Section 6.01(d), and (ii) as a result thereof, the Applicable Rate with respect to the
Revolving Credit Loans and the Revolving Facility Fees paid to the Lenders and/or the L/C Issuer, as the case may be, at any time pursuant to the Agreement is lower than the 

  
 4 

 
Applicable Rate with respect to the Revolving Credit Loans and the Revolving Facility Fees that would have been payable to the Lenders and/or the L/C Issuer, as the case may be, had the
Applicable Rate with respect to the Revolving Credit Loans and the Revolving Facility Fees been calculated on the basis of the correct First Lien Net Leverage Ratio, the Applicable Rate with respect to the Revolving Credit Loans and the Revolving
Facility Fees in respect of such period will be adjusted upwards automatically and retroactively, and the Borrowers shall pay to each Lender and/or the L/C Issuer, as the case may be, such additional amounts (“Additional Amounts”)
as are necessary so that after receipt of such amounts such Lender and/or the L/C Issuer, as the case may be, receives an amount equal to the amount it would have received had the Applicable Rate with respect to the Revolving Credit Loans and the
Revolving Facility Fees been calculated during such period on the basis of the correct First Lien Net Leverage Ratio. Additional Amounts shall be payable 10 days following delivery by the Administrative Agent to the Borrowers of a notice (which
shall be conclusive and binding absent manifest error) setting forth in reasonable detail the Administrative Agent’s calculation of the amount of any Additional Amounts owed to the Lenders and/or the L/C Issuer. The payment of Additional
Amounts shall be in addition to, and not in limitation of, any other amounts payable by the Borrowers pursuant to Section 2.09. Additional Amounts shall constitute “Obligations”. The agreements in this paragraph
shall survive the payment of the Loans and all other Obligations payable under the Agreement and the termination of the Commitments. 

“Appropriate Lender” means, at any time, (a) with respect to any Term Facility or the Revolving Credit Facility, a
Lender that has a Commitment with respect to such Term Facility or the Revolving Credit Facility or holds a Term Loan with respect to such Term Facility or a Revolving Credit Loan with respect to such Revolving Credit Facility, respectively, at such
time, (b) with respect to the Letter of Credit Sublimit, (i) each L/C Issuer and (ii) if any Letters of Credit have been issued pursuant to Section 2.03(a), the Revolving Credit Lenders, (c) with respect to any Incremental
Term Facility, a Lender that has a Commitment with respect to such Incremental Term Facility or holds an Incremental Term Loan at such time, (d) with respect to any Specified Refinancing Debt, a Lender that holds Specified Refinancing Term
Loans, (e) with respect to any Extended Term Loans, a Lender that holds an Extended Term Loan at such time and (f) with respect to any Extended Revolving Credit Commitments constituting a revolving credit facility, a Lender that has an
Extended Revolving Credit Commitment or holds Extended Revolving Loans. 
 “Approved Fund” means, with respect to any
Lender, any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities and is administered, advised or
managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages such Lender. 

“Arrangers” means the Lead Arrangers. 

“Assignment and Assumption” means (i) an assignment and assumption entered into by a Lender and an assignee that is not
an Affiliated Lender (with the consent of any party whose consent is required by Section 10.05), and accepted by the Administrative Agent, in the form of Exhibit E or any other form approved by the Administrative
Agent and the Borrower Representative and (ii) an assignment and assumption entered into by a Lender and an assignee that is an Affiliated Lender (with the consent of any party whose consent is required by
Section 10.05), and accepted by the Administrative Agent, in the form of Exhibit F or any other form approved by the Administrative Agent and the Borrower Representative. 

“Auction” has the meaning assigned to such term in the definition of “Dutch Auction”. 

“Auction Agent” means (a) the Administrative Agent or any of its Affiliates or (b) any other financial institution
or advisor engaged by the Borrower Representative (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Auction pursuant to the definition of “Dutch Auction” approved by the Administrative
Agent (such approval not to be unreasonably withheld or delayed). 
 “Auction Amount” has the meaning assigned to such term
in the definition of “Dutch Auction”. 
 “Auction Notice” has the meaning assigned to such term in the definition
of “Dutch Auction”. 

  
 5 

 “Auction Party” has the meaning assigned to such term in the definition of
“Dutch Auction”. 
 “Auction Response Date” has the meaning assigned to such term in the definition of
“Dutch Auction”. 
 “Auditors’ Determination” has the meaning assigned to such term in Section
12.10(f)(ii). 
 “Auto-Renewal Letter of Credit” has the meaning assigned to such term in Section 2.03(b)(iii).

 “Available Amount” means, at any time, an amount equal to, without duplication: 

(a)    the sum of: 

(i)    €25,000,000; plus 

(ii)    an amount, not less than zero, determined on a cumulative basis equal to 50.0% of Consolidated Net Income for the
period (taken as one accounting period) from the first day of the Fiscal Year of Parent ended September 30, 2016 to and including the last day of the most recently ended Fiscal Year of Parent for which internal consolidated financial statements
of Parent are available (or, in the case such Consolidated Net Income for such period is in deficit, minus 100% of such deficit); plus 

(iii)    100.0% of the aggregate net cash proceeds received by Parent relating to any capital contributions or other
proceeds of issuances of Capital Stock (other than (x) amounts used to make a Restricted Payment pursuant to Section 7.04(a)(viii) or a Restricted Debt Payment pursuant to Section 7.04(b)(v)(A), or (y) any amounts
constituting a Cure Amount or proceeds of issuances of Disqualified Capital Stock) received as Cash equity by Parent, plus the fair market value, as determined in good faith by the Borrower Representative, of marketable securities or other
property received by Parent as a capital contribution or in return for issuances of Capital Stock (other than any amounts constituting a Cure Amount or proceeds of issuances of Disqualified Capital Stock), in each case, during the period from and
including the day immediately following the Closing Date through and including such time; plus 
 (iv)    100.0%
of the aggregate principal amount of any Indebtedness or Disqualified Capital Stock, in each case, of any Borrower and/or any Subsidiary thereof issued after the Closing Date (other than Indebtedness or such Disqualified Capital Stock issued to any
Parent Company, any Borrower or a Subsidiary), which has been converted into or exchanged for Capital Stock of the Parent, any Borrower, and/or any Subsidiary thereof that does not constitute Disqualified Capital Stock, together with the fair market
value of any Cash Equivalents and the fair market value (as reasonably determined by the Borrower Representative) of any property or assets received by any Borrower or such Subsidiary thereof upon such exchange or conversion, in each case, during
the period from and including the day immediately following the Closing Date through and including such time; plus 

(v)    100.0% of the net cash proceeds received by Parent or any Subsidiary during the period from and including the day
immediately following the Closing Date through and including such time in connection with the Disposition to a Person (other than any Loan Party or any Subsidiary) of any Investment made pursuant to Section 7.06(r); plus 

(vi)    to the extent not already reflected as a return of capital with respect to any Investment for purposes of
determining the amount of such Investment, 100.0% the proceeds received by Parent and/or any Subsidiary during the period from and including the day immediately following the Closing Date through and including such time in connection with Cash
returns, Cash profits, Cash distributions and similar Cash amounts, including Cash principal repayments of loans, in each case received in respect of any Investment made pursuant to Section 7.06(r) (in an amount not to exceed the original
amount of each such Investment); plus 
 (vii)    100.0% of the amount equal to the sum of (A) the fair
market value of any Investments by any Borrowers and/or any Subsidiary pursuant to Section 7.06(r) in any Unrestricted Subsidiary (in an amount not to exceed the original amount of each such Investment) that has been re-designated as a Subsidiary or 

  
 6 

 
has been merged, consolidated or amalgamated with or into, or is liquidated, wound up or dissolved into, any Borrowers or any Subsidiary and (B) the fair market value (as reasonably
determined by the Borrower Representative) of the property or assets of any Unrestricted Subsidiary that have been transferred, conveyed or otherwise distributed (in an amount not to exceed the original amount of the Investment in such Unrestricted
Subsidiary) to any Borrowers and/or any Subsidiary, in each case, during the period from and including the day immediately following the Closing Date through and including such time; plus 

(viii)    any Declined Amounts; minus 

(b)    an amount equal to the sum of (i) Restricted Payments made pursuant to Section 7.04(a)(iii),
plus (ii) Restricted Debt Payments made pursuant to Section 7.04(b)(vi), plus (iii) Investments made pursuant to Section 7.06(r), in each case, made after the Closing Date and prior to such time, or
contemporaneously therewith. 
 “Average Exchange Rate” means on any day with respect to Dollars, Sterling, Euro or any
Alternative Currency, the rate at which such currency may be exchanged into any other currency, the arithmetic average of each of the spot rates set forth in the Reuters World Currency Page for such currency at approximately 11:00 a.m. (London
time) on each day of any applicable period; in the event that such rate does not appear on any Reuters World Currency Page, the Average Exchange Rate 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 Average Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the
market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about 10:00 a.m. (New York City time) on such date for the purchase of such particular currency for delivery two Business Days later
(based on the average for such applicable period). 
 “Bank Levy” means: 

(a)    the bank levy charged pursuant to section 73 and schedule 19 to the Finance Act 2011 (as amended); 

(b)    the bank levy imposed by the German Government under the Bank Restructuring Fund Regulation
(Restrukturierungsfondsverordnung, Fed. Law Gazette (Bundesgesetzblatt) 1 2011, p. 1406) (as amended) which has been issued pursuant to the provisions of the Bank Restructuring Fund Act (Restrukturierungsfondsgesetz, Fed. Law
Gazette (Bundesgesetzblatt) 1 2010, p. 1900, 1921) (as amended); and 
 (c)    any other Tax of a similar nature
in any jurisdiction, which is imposed by reference to some or all assets, liabilities and/or equity of a financial institution in force at the date of this Agreement. 

“Bankruptcy Code” means Title 11 of the U.S. Code (11 U.S.C. § 101 et seq.). 

“Base Rate” means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate on such
day plus 1/2 of 1.00%, (b) the Prime Rate on such day and (c) the Adjusted Eurocurrency Rate for Loans denominated in Dollars published on such day (or if such day is not a Business Day the next previous Business Day) for an Interest Period of
one month plus 1.00% and (d) solely with respect to Initial Dollar Term Loans, 2.00%. 
 “Base Rate Loan” means
a Loan denominated in Dollars that bears interest based on the Base Rate. 
 “Bona Fide Debt Fund” means any Person that is
engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business which is managed, sponsored or advised by any Person Controlling, Controlled by or under common
Control with (a) any competitor of Parent and/or any of its subsidiaries or (b) any Affiliate of such competitor, but with respect to which no personnel involved with any investment in such competitor or Affiliate (i) makes or
influences, has the right to make or influence or participates with others in making or influencing any investment decisions with respect to such Person or (ii) has any access to any information (other than information that is publicly
available) relating to Parent or its subsidiaries or any entity that forms a part of the business of Parent or any of its subsidiaries. 

  
 7 

 “Borrower Party” means any Borrower or any Subsidiary. 

“Borrower Representative” means the entity appointed to act on behalf of the Borrowers pursuant to
Section 1.13. 
 “Borrowers” means the collective reference to the Term Borrowers and the
Revolving Borrowers, and “Borrower” means any one of them. 
 “Borrowing” means a Revolving Credit
Borrowing or a Term Borrowing, as the context may require. 
 “Budget” has the meaning assigned to such term in Section
6.01(i). 
 “Business Day” means: 

(a)    any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws
of, or are in fact closed in, the United States, the United Kingdom or any other jurisdiction where the Administrative Agent’s office with respect to Loans denominated in Dollars is located; 

(b)    if such day relates to any interest rate settings as to a Eurocurrency Rate Loan or Letter of Credit denominated
in: 
 (i)    Dollars, any fundings, settlements, payments and disbursements in Dollars in respect of any such
Eurocurrency Rate Loan or Letter of Credit, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan or Letter of Credit, means any such day described in clause (a) above
that is also a London Banking Day; 
 (ii)    an Alternative Currency, any fundings, settlements, payments and
disbursements in such Alternative Currency, or any other dealings in such Alternative Currency to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan or Letter of Credit, means any such day described in clause
(a) above which is also a day on which dealings in deposits in such Alternative Currency are conducted by and between banks in the London interbank market and (other than any date that relates to any interest rate setting in respect of such
Alternative Currency) any such day on which banks are open for foreign exchange business in the principal financial center of the country of such Alternative Currency; and 

(iii)    Euros, any fundings, disbursements, settlements and payments in Euros in respect of any such Eurocurrency Rate
Loan or Letter of Credit, or any other dealings in Euros to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan or Letter of Credit, means any such day described in clause (a) above that is also a
TARGET Day; 
 if such day relates to any German law governed document or the performance of any obligation under the Loan Documents by any
Loan Party organized or formed in Germany, means any day other than a day on which commercial banks are authorized to close under the laws of, or are in fact closed in, Germany; and 

if such day relates to any Luxembourg law governed document or the performance of any obligation under the Loan Documents by any Luxembourg
Loan Party, means any day other than a day on which commercial banks are authorized to close under the laws of, or are in fact closed in, Luxembourg. 

“Capital Impairment” has the meaning assigned to such term in Section 12.10(a). 

“Capital Lease” means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person
as lessee that, in conformity with IFRS, is or is required to be accounted for as a capital lease on the balance sheet of that Person. 

  
 8 

 “Capital Stock” means any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or
options to purchase or other arrangements or rights to acquire any of the foregoing, but excluding for the avoidance of doubt any Indebtedness convertible into or exchangeable for any of the foregoing. 

“Cash” means money, currency or a credit balance in any demand or Deposit Account (for the avoidance of doubt, and in respect
of any financial covenant or ratio, the amount thereof shall be determined in accordance with IFRS). 
 “Cash
Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Administrative Agent or L/C Issuer (as applicable) and the Lenders, as collateral for L/C Obligations or obligations of Lenders
to fund participations in respect of either thereof (as the context may require), cash or deposit account balances (in the case of L/C Obligations in the respective currency or currencies in which the applicable L/C Obligations are denominated) or,
if the Administrative Agent or L/C Issuer benefiting 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 applicable L/C Issuer (which documents are hereby consented to by the Lenders). 
 “Cash Collateral”
shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents” means, as at any date of determination, (a) readily marketable securities (i) issued or directly
and unconditionally guaranteed or insured as to interest and principal by the U.S. government or (ii) issued by any agency or instrumentalities of the U.S. the obligations of which are backed by the full faith and credit of the U.S., in each
case maturing within one year after such date and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; (b) readily marketable direct obligations issued by any state of the U.S. or any political subdivision of
any such state or any public instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least
P-2 from Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency) and, in each
case, repurchase agreements and reverse repurchase agreements relating thereto; (c) commercial paper maturing no more than one year from the date of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2 from Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another
nationally recognized statistical rating agency); (d) deposits, money market deposits, time deposit accounts, certificates of deposit, or bankers’ acceptances (or similar instruments) maturing within one year after such date and issued or
accepted by any Lender or by any commercial bank organized under the laws of the U.S. or any state thereof or the District of Columbia that has capital and surplus of not less than €100,000,000 (each Lender and each commercial bank referred to
herein as a “Cash Equivalent Bank”) or, in each case, repurchase agreements and reverse repurchase agreements relating thereto; (e) shares of any money market mutual fund that (i) has substantially all of its assets
invested in the types of investments referred to in clauses (a) and (b) above, (ii) has net assets of not less than €250,000,000 and (iii) has a rating of at least A-2 from
S&P or at least P-2 from Moody’s; and (f) solely with respect to Foreign Subsidiaries, investments of the types and maturities described in clause (a) through (e) above issued,
where relevant, by a Cash Equivalent Bank or any commercial bank of recognized international standing chartered in the country where such Foreign Subsidiary is domiciled having unimpaired capital and surplus of at least €500,000,000. 

In the case of Investments by any Subsidiary that is not organized under the laws of the U.S., any state thereof or the District of Columbia,
Cash Equivalents shall also include (x) investments of the type and maturity described in clauses (a) through (f) above of foreign obligors, which investments or obligors have the ratings described in such clauses or
equivalent ratings from comparable foreign rating agencies and (y) other short-term investments utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the foregoing
investments in clauses (a) through (f) and in this paragraph. 
 “Cash Management Agreement” means any
agreement to provide cash management services, including (i) commercial credit cards, (ii) stored value cards, (iii) purchasing cards, (iv) treasury management, check drawing and 

  
 9 

 
automated payment services (including depository, overdraft, controlled disbursement, ACH transactions, return items, interstate depository network services, Society for Worldwide Interbank
Financial Telecommunication transfers, cash pooling (including by way of zero balancing) and operational foreign exchange management), (v) dealer incentive, supplier finance or similar programs, (vi) current account facilities and
(vii) arrangements or services similar to any of the foregoing; it being understood that Cash Management Agreements shall not include any agreements documenting any Ancillary Facilities. 

“Cash Management Bank” means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Agent
or an Affiliate of a Lender or an Agent, in its capacity as a party to such Cash Management Agreement; provided that such Person has executed and delivered an Ancillary Lender/Banking Services Provider Joinder Agreement (as defined in the
Intercreditor Agreement) in accordance with Section 6.03 of the Intercreditor Agreement. 
 “Cash Management
Obligations” means, with respect to any Person, the obligations of such Person under any Cash Management Agreement. 

“Change in Law” means (a) the adoption of any law, rule or regulation after the date of this Agreement, (b) any
change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender (or, for purposes of Section 3.05(b), by any Lending
Office of such Lender or by such Lender’s holding company, if any) with any request, guideline or directive of any Governmental Authority made or issued after the date of this Agreement (other than any such request, guideline or directive to
comply with any law, rule or regulation that was in effect on the date of this Agreement). For purposes of this definition and Section 3.05 (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof and (y) all requests, rules, guidelines, requirements or directives promulgated by the Bank for International Settlements,
the Basel Committee on Banking Supervision (or any successor or similar authority) or the U.S. or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case described in clauses (x) and (y) above, be
deemed to be a Change in Law, regardless of the date enacted, adopted, issued or implemented. Notwithstanding anything in this Agreement to the contrary, increased costs as a result of any Change in Law pursuant to this definition of “Change in
Law” shall only be reimbursable by any Borrower to the extent the applicable Lender is generally requiring reimbursement therefor from similarly situated borrowers under comparable syndicated credit facilities. 

“Change of Control” means the earliest to occur of: 

(a)    at any time prior to an IPO, the Permitted Holders ceasing to beneficially own, either directly or indirectly
(within the meaning of Rule 13d-3 and Rule 13d-5 under the Exchange Act), Capital Stock representing more than 50% of the total voting power of all of the outstanding
voting stock of the Parent; 
 (b)    at any time on or after an IPO, the acquisition by any Person or group (within the
meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act), including any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under
the Exchange Act, but excluding any employee benefit plan and/or Person acting as the trustee, agent or other fiduciary or administrator therefor), other than one or more Permitted Holders, in a single transaction or in a related series of
transactions, by way of merger, amalgamation, consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of Capital Stock
representing more than 35.0% of the total voting power of all of the outstanding voting stock of the Parent (unless the Permitted Holders have, at such time, the right or the ability by voting power, contract, or otherwise, to elect or designate for
election at least a majority of the board of directors of Parent); 
 (c)    Holdings ceases to be a direct or (solely
through a Qualified Intermediate Holding Company) indirect Wholly-Owned Subsidiary of Parent; 
 (d)    either of the
German Borrowers or the U.S. Borrower cease to be a direct or indirect Wholly-Owned Subsidiary of Parent; or 

  
 10 

 (e)    the occurrence of a “Change of Control” (or similar event,
however denominated), as defined in the Senior Notes Indenture. 
 “Charges” has the meaning assigned to such term in
Section 10.19. 
 “Clean Up Period” has the meaning assigned to such term in
Section 8.05. 
 “Closing Date” means the date on which (i) each of the conditions to
funding set forth in Article IV have been satisfied (or waived by the Lead Arrangers in respect of the applicable Facilities) and (ii) the borrowing of the Initial Term Loans occurs. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Collateral” means any and all property of a Loan Party subject to a Lien under the Collateral Documents and any and all
other property of any Loan Party, now existing or hereafter acquired, that is or becomes subject to a Lien pursuant to the Collateral Documents to secure the Secured Obligations. 

“Collateral Documents” means, collectively, the Pledge Agreement, the Security Agreement, the German Closing Security
Documents, the Luxembourg Security Documents and those certain foreign security and pledge agreements listed on Schedule 1.01(a) (as such schedule may be amended or supplemented from time to time), each of the collateral assignments, Security
Supplements, security agreements (one or more Copyright Security Agreements, Trademark Security Agreements and Patent Security Agreements, as applicable), pledge agreements or other similar agreements delivered to the Collateral Trustee pursuant to
Sections 6.12 or 6.15, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of (i) the Collateral Trustee for the benefit of the Secured Parties and/or (ii) the Secured
Parties in their capacities as such (or any of them) to the extent required by applicable Law. 
 “Collateral Trustee”
means Credit Suisse AG, Cayman Islands Branch, acting through such of its Affiliates or branches as it may designate, in its capacity as “First Priority Agent” under the Intercreditor Agreement and as collateral trustee or security or
collateral agent under any of the other Loan Documents, or any successor collateral or security agent permitted by the terms of the Loan Documents. 

“Commitment” means a Term Commitment and/or a Revolving Credit Commitment, as the context may require. 

“Committed Loan Notice” means a notice of (a) a Term Borrowing, (b) a Revolving Credit Borrowing, (c) a
conversion of Loans from one Type to the other or (d) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any
successor statute. 
 “Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit
D. 
 “Confidential Information” has the meaning assigned to such term in Section 10.13. 

“Consolidated Adjusted EBITDA” means, as to any Person for any period, an amount determined for such Person on a consolidated
basis equal to the total of (a) Consolidated Net Income of such Person for such period plus (b) the sum, without duplication, of (in each case, to the extent deducted in calculating Consolidated Net Income, other than in respect of
clauses (x), (xii) and (xiv) below) the amounts of: 
 (i)    Consolidated Interest Expense;

 (ii)    the Tax expenses (including pursuant to any Tax sharing arrangements including an amount equal to the amount
of tax distributions made to the holders of equity interests of such person as though 

  
 11 

 
such amounts had been paid as income taxes directly by such person or its restricted subsidiaries) and provisions for Taxes of each Borrower and its Subsidiaries, including, in each case federal,
state, provincial, local, foreign, unitary, franchise, excise, property, withholding and similar Taxes, including any penalties and interest; 

(iii)    total depreciation and amortization expense and impairment of non-core
assets; 
 (iv)    other non-Cash charges, losses, items or expenses; 

(v)    (A) Transaction Costs, (B) transaction fees, costs and expenses incurred (1) in connection with the
consummation of any transaction (or any transaction proposed and not consummated) permitted under this Agreement, including the issuance or offering of Capital Stock, Investments, acquisitions, Dispositions, recapitalizations, mergers,
consolidations or amalgamations, option buyouts or the incurrence, repayment, refinancing, amendment or modification of Indebtedness (including any amortization or write-off of debt issuance or deferred
financing costs, premiums and prepayment penalties) or similar transactions or (2) in connection with an IPO (whether or not consummated) and (C) the amount of any fee, cost, expense or reserve to the extent actually reimbursed or
reimbursable by third parties pursuant to indemnification or reimbursement provisions or similar agreements or insurance; provided that in respect of any fee, cost, expense or reserve with respect thereto incurred pursuant to clause (C) above,
such Person in good faith expects to receive reimbursement for such fee, cost, expense or reserve within the next four Fiscal Quarters (it being understood that to the extent not actually received within such Fiscal Quarters, such reimbursement
amounts shall be deducted in calculating Consolidated Adjusted EBITDA for such Fiscal Quarters); 
 (vi)    the amount
of any expense or deduction associated with any Subsidiary of such Person attributable to non-controlling interests or minority interests of third parties; 

(vii)    the amount of any portion of management, monitoring, consulting, transaction and advisory fees and related
expenses actually paid by or on behalf of, or accrued by, such Person or any of its subsidiaries (A) to the Investors (or their Affiliates or management companies) to the extent permitted under this Agreement or (B) as permitted by
Section 7.09(f); 
 (viii)    the amount of any costs, charges, accruals, reserves or expenses in connection
with a single or one-time event, including in connection with (A) any Permitted Acquisition after the Closing Date, (B) the consolidation or closing of facilities, branches or distribution centers or
plants during such period, (C) the closure, consolidation or transfer of production lines and (D) any discretionary bonuses for hourly employees outside of the ordinary course of business; 

(ix)    the amount of any earn-out and other contingent consideration obligations
in connection with any Permitted Acquisition or other Investment permitted pursuant to Section 6.06 and that are paid or accrued during such applicable period and on similar acquisitions and Investments completed prior to the Closing Date; 

(x)    the amount of any expected cost savings, operating improvements and expense reductions, product margin synergies
and other synergies (net of the amount of actual amounts realized) reasonably identifiable and factually supportable (in the good faith determination of the Borrower Representative) related to, after the Closing Date, permitted asset sales, mergers
or other business combinations, acquisitions, Investments, Dispositions or divestitures, operating improvements and expense reductions, restructurings, cost saving initiatives and certain other similar initiatives and specified transactions;
provided that such cost savings, operating improvements and expense reductions, product margin synergies and other synergies are reasonably expected to be realized within 18 months of the event giving rise thereto or the consummation of such
transaction; 
 (xi)    (A) costs, charges, accruals, reserves or expenses attributable to the undertaking and/or
implementation of cost savings initiatives or operating expense reductions, product margin synergies and other synergies and similar initiatives, integration, transition, reconstruction, decommissioning, recommissioning or reconfiguration of fixed
assets for alternative uses, facilities opening and pre-opening, business optimization and other restructuring costs, charges, accruals, reserves and expenses (including inventory optimization programs,

  
 12 

 
software development costs and costs related to the closure or consolidation of facilities, branches or distribution centers, and plants (without duplication of amounts in clause
(viii) above), the closure, consolidation or transfer of production lines between facilities (without duplications of amounts in clause (viii) above) and curtailments, costs related to entry into new markets, consulting and other
professional fees, signing costs and bonuses, retention or completion bonuses, executive recruiting costs, relocation expenses, severance payments, modifications to, or losses on settlement of, pension and post-retirement employee benefit plans, new
systems design and implementation costs, project startup costs and other expenses relating to the realization of synergies from the Transactions) and (B) costs, charges, accruals, reserves or expenses associated with “greenfield
startups” (including new customers, new products and new production lines) that are, in the case of this clause (xi)(B), reasonably identifiable and factually supportable (in the good faith determination of the Borrower Representative); 

(xii)    to the extent not included in Consolidated Net Income, proceeds of business interruption insurance in an amount
representing the earnings for the applicable period that such proceeds are intended to replace (whether or not received so long as such Person in good faith expects to receive the same within the next four Fiscal Quarters (it being understood that
to the extent not actually received within such Fiscal Quarters, such proceeds shall be deducted in calculating Consolidated Adjusted EBITDA for such Fiscal Quarters)); 

(xiii)    unrealized net losses in the fair market value of any arrangements under Hedge Agreements and losses, charges
and expenses attributable to the early extinguishment or conversion of Indebtedness, arrangements under Hedge Agreements or other derivative instruments (including deferred financing expenses written off and premiums paid); 

(xiv)    Cash actually received (or any netting arrangements resulting in reduced Cash expenditures) during such period,
and not included in Consolidated Net Income in any period, to the extent that the non-Cash gain relating to such Cash receipt or netting arrangement was deducted in the calculation of Consolidated Adjusted
EBITDA pursuant to clause (c)(i) below for any previous period and not added back; and 

(xv)    other add-backs and adjustments reflected in the Projections and
Information Memorandum; 
 minus (c) to the extent such amounts increase Consolidated Net Income: 

(A)    other non-Cash items, including deductions for the excess of
actual Cash rent paid over IFRS rent expense during such period due to the use of a straight line rent for IFRS purposes; provided that if any non-Cash gain or income relates to potential Cash items in any
future periods, such Person may determine not to deduct such non-Cash gain or income in the current period; 

(B)    unrealized net gains in the fair market value of any arrangements under Hedge Agreements; 

(C)    the amount added back to Consolidated Adjusted EBITDA pursuant to clause (b)(v)(C) above to the
extent such reimbursement amounts were not received within the time period required by such clause; 

(D)    the amount added back to Consolidated Adjusted EBITDA pursuant to clause (b)(xii) above to the
extent such business interruption proceeds were not received within the time period required by such clause; and 

(E)    to the extent that such Person adds back the amount of any
non-Cash charge to Consolidated Adjusted EBITDA pursuant to clause (b)(iv) above, the Cash payment in respect thereof in such future period. 

Notwithstanding anything to the contrary, but subject to any adjustment set forth in the definition of “Pro Forma Basis”, it is
agreed, that for the purpose of calculating the Total Net Leverage Ratio and the First Lien Net 

  
 13 

 
Leverage Ratio for any period that includes the Fiscal Quarter ended March 31, 2015, the Fiscal Quarter ended June 30, 2014, the Fiscal Quarter ended September 30, 2014 or the
Fiscal Quarter ended December 31, 2014, (i) Consolidated Adjusted EBITDA for the Fiscal Quarter ended March 31, 2015, shall be deemed to be €59,520,000, (ii) Consolidated Adjusted EBITDA for the Fiscal Quarter ended June 30,
2014, shall be deemed to be €46,080,000, (iii) Consolidated Adjusted EBITDA for the Fiscal Quarter ended September 30, 2014, shall be deemed to be €49,670,000 and (iv) Consolidated Adjusted EBITDA for the Fiscal Quarter ended
December 31, 2014, shall be deemed to be €39,990,000. 
 “Consolidated First Lien Debt” means, as at any date of
determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien on any property of Parent or its Subsidiaries, but excluding any such Consolidated Total Debt in which the applicable Liens
are expressly subordinated or junior to the Liens securing the Obligations. 
 “Consolidated Interest Expense” means, for
any period, the sum, without duplication, of: 
 (1)    consolidated interest expense of the Borrowers and their
Subsidiaries for such period, to the extent such expense was deducted (and not added back) in computing Consolidated Net Income (including (a) amortization of original issue discount resulting from the issuance of Indebtedness at less than par,
(b) all commissions, discounts and other fees and charges owed with respect to letters of credit or bankers acceptances and other fees and charges owed with respect to financing arrangements, including factoring agreements, letters of credit
and bankers acceptances, (c) non-cash interest payments (but excluding any non-cash interest expense attributable to the movement in the mark to market valuation of
Swap Obligations or other derivative instruments pursuant to IFRS), (d) the interest component of Capitalized Lease Obligations, and (e) net payments, if any made (less net payments, if any, received), pursuant to interest rate Swap
Obligations with respect to Indebtedness, and excluding (r) costs associated with obtaining Swap Obligations, (s) any expense resulting from the discounting of any Indebtedness in connection with the application of recapitalization
accounting or, if applicable, purchase accounting in connection with the Transactions or any acquisition, (t) penalties and interest relating to taxes, (u) any “additional interest” or “liquidated damages” with respect
to other securities for failure to timely comply with registration rights obligations, (v) amortization or expensing of deferred financing fees, amendment and consent fees, debt issuance costs, commissions, fees and expenses and discounted
liabilities, (w) any expensing of bridge, commitment and other financing fees and any other fees related to the Transactions or any acquisitions after the Closing Date, (x) commissions, discounts, yield and other fees and charges
(including any interest expense) related to any Permitted Securitization and (y) any accretion of accrued interest on discounted liabilities and any prepayment premium or penalty); plus 

(2)    consolidated capitalized interest of the Borrowers and their Subsidiaries for such period, whether paid or accrued;
less 
 (3)    interest income of the Borrowers and their Subsidiaries for such period. 

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by each Borrower to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with IFRS. 

“Consolidated Net Income” means, as to any Person (the “Subject Person”) for any period, the net income (or
loss) of the Subject Person on a consolidated basis for such period taken as a single accounting period determined in conformity with IFRS; provided that there shall be excluded, without duplication, 

(a)    the income (or loss) of any Person (other than a Subsidiary of the Subject Person) in which any other Person (other
than the Subject Person or any of its Subsidiaries) has an interest, except, with respect to any income, to the extent of the amount of dividends or distributions or other payments (including any ordinary course dividend, distribution or other
payment) paid in Cash (or to the extent converted into Cash) to the Subject Person or any of its Subsidiaries by such Person during such period, 

  
 14 

 (b)    gains, income, losses, expenses or charges (less all fees and
expenses chargeable thereto) attributable to asset Dispositions (including asset retirement costs) or returned surplus assets of any Pension Plan outside of the ordinary course of business, 

(c)    gains, income, losses, expenses or charges from (i) extraordinary items and (ii) nonrecurring or unusual
items (including (x) costs of and payments of actual or prospective legal settlements, fines, judgments or orders and (y) gains, income, losses, expenses or charges arising from insurance claims and settlements), 

(d)    any unrealized or realized net foreign currency translation or transaction gains or losses impacting net income
(including currency re-measurements of Indebtedness and any net gains or losses resulting from Hedge Agreements for currency exchange risk associated with the above or any other currency related risk and those
resulting from intercompany Indebtedness), 
 (e)    any net gains, charges or losses with respect to (i) disposed,
abandoned and discontinued operations (other than assets held for sale) and any accretion or accrual of discounted liabilities on the disposal of such disposed, abandoned and discontinued operations and (ii) facilities, plants, stores or
distribution centers that have been closed during such period, 
 (f)    any net income or loss (less all fees
and expenses or charges related thereto) attributable to the early extinguishment of Indebtedness, 
 (g)    any
charges, costs, expenses, accruals or reserves incurred pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement, pension plan, any stock subscription or shareholder agreement or any
distributor equity plan or agreement and (ii) any charges, costs, expenses, accruals or reserves in connection with the rollover, acceleration or payout of Capital Stock held by management of the Subject Person, in each case, to the extent that
(in the case of any Cash charges, costs and expenses) such charges, costs or expenses are funded with net Cash proceeds contributed to the Subject Person as a capital contribution or as a result of the sale or issuance of Capital Stock (other than
Disqualified Capital Stock) of the Subject Person, 
 (h)    [reserved], 

(i)    any (i) write-off or amortization made in such period of deferred
financing costs and premiums paid or other expenses incurred directly in connection with any early extinguishment of Indebtedness, (ii) good will or other asset impairment charges, write-offs or write-downs or (iii) amortization of
intangible assets, 
 (j)    (i) effects of adjustments (including the effects of such adjustments pushed down to the
Subject Person and its Subsidiaries) in the Subject Person’s consolidated financial statements pursuant to IFRS (including in the inventory, property and equipment, software, goodwill, intangible assets,
in-process research and development, deferred revenue, leases and debt line items thereof) resulting from the application of recapitalization accounting or acquisition or purchase accounting, as the case may
be, in relation to any consummated acquisition or the amortization or write-off of any amounts thereof and (ii) the cumulative effect of changes in accounting principles, and 

(k)    the net income for such period of any Subsidiary (other than any Guarantor or any Borrower), to the extent the
declaration or payment of dividends or similar distributions by that Subsidiary of its net income is not at the date of determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the
operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that Subsidiary or its stockholders, unless such restriction with respect to the payment of
dividends or similar distributions has been legally waived; provided that Consolidated Net Income will be increased by the amount of dividends or other distributions or other payments actually paid in Cash (or to the extent converted into Cash) to
Subject Person or a Subsidiary thereof in respect of such period, to the extent not already included therein. 

  
 15 

 “Consolidated Total Assets” means, at any date, all amounts that would, in
conformity with IFRS, be set forth opposite the caption “total assets” (or any like caption) on a consolidated balance sheet of the applicable Person and its Subsidiaries at such date. 

“Consolidated Total Debt” means, as at any date of determination, the aggregate principal amount of all Indebtedness for
borrowed money (including drawn letters of credit that have not been reimbursed within three Business Days (except to the extent reimbursed with Indebtedness for borrowed money)), Capital Leases and purchase money Indebtedness described in
clauses (a), (b), (c) and (d) of the definition of “Indebtedness” of the Parent and its Subsidiaries. 

“Consolidated Working Capital” means, as at any date of determination, the excess of Current Assets over Current Liabilities.

 “Contesting Notice” has the meaning assigned to such term in Section 12.10(f)(ii). 

“Contract Consideration” has the meaning given it in clause (b)(ix) of the definition of “Excess Cash Flow”. 

“Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any
material indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 

“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, and “Controlling” and “Controlled” have meanings correlative thereto. 

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 

“Creditor/Representative Joinder” has the meaning assigned to the term “Joinder Agreement” in the Intercreditor
Agreement and shall refer to the applicable “Joinder Agreement” as so defined. 
 “Cure Amount” has the meaning
assigned to such term in Section 8.03. 
 “Cure Right” has the meaning assigned to such term in
Section 8.03. 
 “Current Assets” means, at any time, the consolidated current assets (other than
Cash, the current portion of current and deferred Taxes based on income, profits or capital, permitted loans made to third parties, assets held for sale, pension assets, deferred bank fees, derivative financial instruments, Cash Equivalents and
insurance claims) of the Parent and its Subsidiaries. 
 “Current Liabilities” means, at any time, the consolidated current
liabilities of the Parent and its Subsidiaries at such time, but excluding, without duplication, (a) the current portion of any long-term Indebtedness, (b) outstanding revolving loans, (c) the current portion of interest expense,
(d) the current portion of any Capital Leases, (e) the current portion of current and deferred Taxes based on income, profits or capital, (f) liabilities in respect of unpaid earn-outs and other contingent consideration obligations,
(g) the current portion of any other long-term liabilities, (h) accruals relating to restructuring reserves; (i) liabilities in respect of funds of third parties on deposit with the Parent or any of its Subsidiaries, (j) any
liabilities recorded in connection with stock-based awards, partnership interest-based awards, awards of profits interests, deferred compensation awards and similar incentive based compensation awards or arrangements and (k) liabilities related
to Restricted Payments declared but not yet paid. 
 “Debt Fund Affiliate” means any Affiliated Lender that is a bona fide
debt fund or an investment vehicle that is primarily engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of business and with respect to which none of the
Borrowers or the Sponsor or any Affiliate of the Borrowers or the Sponsor makes investment decisions or has the power, directly or indirectly, to direct or cause the direction of such Affiliated Lender’s investment decisions. 

  
 16 

 “Debtor Joinder Agreement” has the meaning assigned to the term “Additional
Grantor Joinder Agreement” in the Intercreditor Agreement, as adopted to conform with local law requirements. 
 “Debtor Relief
Laws” means the U.S. Bankruptcy Code, the German Insolvency Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or
similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Declined Amounts” has the meaning assigned to such term in Section 2.05(c). 

“Declining Lender” has the meaning assigned to such term in Section 2.05(c). 

“Dedicated Receivables Accounts” means bank accounts of the Borrowers and their Subsidiaries, or any one of them,
(a) used to collect, receive and hold accounts receivable owed to any Borrower or any Subsidiary arising in the ordinary course of business from the sale of goods or services that are the subject of a Permitted Securitization or Permitted
Factoring Arrangement or (b) into which solely funds constituting the purchase price or other payments received from any Qualified Factoring Agent in connection with a Permitted Factoring Arrangement or any Securitization Subsidiary in
connection with a Permitted Securitization are credited, which bank accounts do not at any time, in the aggregate, hold on deposit more than €20,000,000 of funds of any Loan Party or any Subsidiary other than funds (1) described in
clause (a) of this definition and (2) in case of Permitted Factoring Arrangements with an originator/seller having its corporate seat in Germany or Switzerland, funds that are required to be used to satisfy in the ordinary course of
business obligations owed by the Borrowers or their Subsidiaries to suppliers provided such obligations are resulting from the supply of assets that are underlying the account receivables described in clause (a) above. 

“Default” means any event or condition which upon notice, lapse of time or both would (unless cured or waived) become an
Event of Default. 
 “Default Rate” means an interest rate equal to (after as well as before judgment), with respect to any
overdue principal for any Loan, the applicable interest rate for such Loan plus 2.00% per annum. 
 “Defaulting
Lender” means, subject to Section 2.17(b), any Lender that (a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans or participations in respect of Letters of Credit within three
Business Days of the date required to be funded by it hereunder, (b) has notified the Borrowers or the Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect with
respect to its funding obligations hereunder or, solely with respect to a Revolving Credit Lender, under other agreements generally in which it commits to extend credit (unless such writing or public statement relates to such Lender’s
obligation to fund a Loan 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 reasonable request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its
funding obligations (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such confirmation by the Administrative Agent) or (d) has, or has a direct or indirect parent
company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or
liquidation of its business or a custodian appointed for it or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that no Lender shall be a
Defaulting Lender solely by virtue of (x)(1) the ownership or acquisition by a Governmental Authority of any Equity Interest in that Lender or any direct or indirect parent company thereof or (2) the precautionary appointment of an
administrator, guardian or other similar official for such Lender or any direct or indirect parent thereof by a Governmental Authority under or based on the law of the country where such Lender (or such direct or indirect parent) is organized if the
laws, rules or regulations applicable to such appointment require that it not be publicly disclosed, so long as such ownership interest or such 

  
 17 

 
appointment, as the case may be, 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, or (y) the occurrence of any of the events described in clause
(d)(i), (d)(ii) or (d)(iii) of this definition which in each case has been dismissed or terminated prior to the date of this Agreement. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any
one or more of 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 2.17(b)) upon delivery of written notice of
such determination to the Borrowers, each L/C Issuer and each Lender. 
 “Deposit Account” means a demand, time, savings,
passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 

“Derivative Transaction” means (a) any interest-rate transaction, including any interest-rate swap, basis swap, forward
rate agreement, interest rate option (including a cap, collar or floor), and any other instrument linked to interest rates that gives rise to similar credit risks (including when-issued securities and forward deposits accepted), (b) any
exchange-rate transaction, including any cross-currency interest-rate swap, any forward foreign-exchange contract, any currency option, and any other instrument linked to exchange rates that gives rise to similar credit risks, (c) any equity
derivative transaction, including any equity-linked swap, any equity-linked option, any forward equity-linked contract, and any other instrument linked to equities that gives rise to similar credit risk and (d) any commodity (including precious
metal) derivative transaction, including any commodity-linked swap, any commodity-linked option, any forward commodity-linked contract, and any other instrument linked to commodities that gives rise to similar credit risks; provided that no
phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees, members of management, managers or consultants of the Parent or its subsidiaries shall be a Derivative
Transaction. 
 “Designated Gross Amount” has the meaning assigned to such term in Section 2.19(b)(ii). 

“Designated Net Amount” has the meaning assigned to such term in Section 2.19(b)(ii). 

“Designated Non-Cash Consideration” means the fair market value (as determined by the
Borrower Representative in good faith) of non-Cash consideration received by the Borrower Representative or a Subsidiary in connection with a Disposition pursuant to Section 7.07(h) that is designated
as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the Borrower Representative, setting forth the basis of such valuation (which amount will be reduced by the amount of
Cash or Cash Equivalents received in connection with a subsequent sale or conversion of such Designated Non-Cash Consideration to Cash or Cash Equivalents). 

“Designated Revolving Borrower” means any wholly-owned Subsidiary of Parent (other than any Revolving Borrower as of the
Closing Date) that is organized or incorporated under the laws of the United States, Germany, Luxembourg, the United Kingdom or any other jurisdiction acceptable to the Revolving Credit Lenders and the Administrative Agent, as to which an Election
to Participate shall be delivered to the Administrative Agent on or after the Closing Date in accordance with Section 2.20; provided that the status of any of the foregoing as a Designated Revolving Borrower shall
terminate if and when an Election to Terminate is delivered to the Administrative Agent in accordance with Section 2.20; provided, however, that (i) no Subsidiary incorporated or established under the
laws of, or for tax purposes resident in, Switzerland, or having a permanent establishment situated in Switzerland shall become a Designated Revolving Borrower and (ii) no Subsidiary incorporated or established in the Federal Republic of
Germany shall become a Designated Revolving Borrower of the U.S. Revolving Credit Facility. 
 “Discount Range” has the
meaning assigned to such term in the definition of “Dutch Auction”. 
 “Disposition” or
“Dispose” means the sale, lease, sublease, transfer, license, or other disposition of any property of any Person. 

  
 18 

 “Disqualified Capital Stock” means any Capital Stock which, by its terms (or by
the terms of any Security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (i) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily
redeemable (other than for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than for Qualified Capital Stock), in whole or in part, on or prior to 91 days
following the Latest Maturity Date at the time such Capital Stock is issued, (ii) is or becomes convertible into or exchangeable (unless at the sole option of the issuer thereof) for (a) debt securities or (b) any Capital Stock that
would constitute Disqualified Capital Stock, in each case at any time on or prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued, (iii) contains any mandatory repurchase obligation which may come into
effect prior to the Termination Date or (iv) provides for the scheduled payments of dividends in Cash on or prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued; provided that (x) any Capital
Stock that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Capital Stock is convertible, exchangeable or exercisable) the right to require the
issuer thereof to redeem such Capital Stock upon the occurrence of a change in control or a Disposition occurring prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall not constitute Disqualified Capital
Stock if such Capital Stock provides that the issuer thereof will not redeem any such Capital Stock pursuant to such provisions prior to the Termination Date and (y) for purposes of clauses (i) through (iv) above, it is
understood and agreed that if any such maturity, redemption, conversion, exchange, repurchase obligation or scheduled payment is in part, only such part coming into effect prior to, in the case of clauses (i), (ii) and
(iv) above, the date that is 91 days following the Latest Maturity Date and, in the case of clause (iii) above, prior to the Termination Date, shall constitute Disqualified Capital Stock. 

Notwithstanding the preceding sentence, (A) if such Capital Stock is issued to any plan for the benefit of directors, officers,
employees, members of management, managers or consultants or by any such plan to such directors, officers, employees, members of management, managers or consultants, in each case in the ordinary course of business of any Borrower or any Subsidiary,
such Capital Stock shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by the issuer thereof in order to satisfy applicable statutory or regulatory obligations and (B) no Capital Stock held by any
future, present or former employee, director, officer, manager, member of management or consultant (or their respective Affiliates or Immediate Family Members) of any Borrower (or any Parent Company or any Subsidiary) shall be considered
Disqualified Capital Stock because such stock is redeemable or subject to repurchase pursuant to any management equity subscription agreement, stock option, stock appreciation right or other stock award agreement, stock ownership plan, put
agreement, stockholder agreement or similar agreement that may be in effect from time to time. 
 “Disqualified
Institution” means (i) any Person identified to the Administrative Agent in writing prior to the date of the Engagement Letter, (ii) any direct commercial competitor of Parent and its Subsidiaries identified by name in writing to
the Administrative Agent and the Lenders after the Closing Date, which designations shall not apply retroactively to disqualify any Persons that have previously acquired an assignment or participation interest in the Loans or the Commitments and
(iii) any Affiliate of any Person referred to in clause (i) or (ii) above that is either readily identifiable by name or has otherwise been identified as an Affiliate by the Parent in writing; provided that a
“competitor” or an Affiliate of a competitor shall not include any Bona Fide Debt Fund (other than a Person identified in accordance with clause (i) above) that is engaged in making, purchasing, holding or otherwise investing
in commercial loans and similar extensions of credit in the ordinary course of business which is managed, sponsored or advised by any Person controlling, controlled by or under common control with such competitor or Affiliate thereof, as applicable,
and for which no personnel involved with the investment of such competitor or Affiliate thereof, as applicable, (A) makes any investment decisions or (B) has access to any information (other than information publicly available) relating to
the Loan Parties or any entity that forms a part of the Loan Parties’ business (including their subsidiaries); provided, further, that the list of Disqualified Institutions shall be made available to any Lender and any prospective
Lender upon such Lender’s or prospective Lender’s request; provided, however, that the Administrative Agent shall not have any liability in respect of any syndication, assignment or participation by any Lender to any
Disqualified Institution. 
 “Dollar” and “$” mean lawful money of the United States. 

“Dollar Amount” means, at any time: 

(a)    with respect to any Loan denominated in Dollars, the principal amount thereof then outstanding (or in which such
participation is held); 

  
 19 

 (b)    with respect to any Loan denominated in Euros or an Alternative
Currency, the principal amount thereof then outstanding in Euros or the relevant Alternative Currency, converted to Dollars in accordance with Section 1.08; and 

(c)    with respect to any L/C Obligation (or any risk participation therein), (A) if denominated in Dollars, the amount
thereof and (B) if denominated in Euros or an Alternative Currency, the amount thereof converted to Dollars in accordance with Section 1.08(a) and Section 1.08(b). 

“DPTA” has the meaning assigned to such term in Section 12.10(e)(i). 

“Dutch Auction” means an auction (an “Auction”) conducted by an Affiliated Lender or a Debt Fund Affiliate
(any such Person, the “Auction Party”) in order to purchase Term Loans (or any Additional Term Loans, which for purposes of this definition, shall be deemed to be Term Loans (and the holders thereof, Lenders)) in accordance with the
following procedures; provided that no Auction Party shall initiate any Auction unless (I) at least five Business Days shall have passed since the consummation of the most recent purchase of Term Loans pursuant to an Auction
conducted hereunder; or (II) at least three Business Days shall have passed since the date of the last Failed Auction which was withdrawn pursuant to clause (c)(i) below: 

(a)    Notice Procedures. In connection with an Auction, the Auction Party will provide notification to the Auction
Agent (for distribution to the relevant Lenders) of the Term Loans that will be the subject of the Auction (an “Auction Notice”). Each Auction Notice shall be in a form reasonably acceptable to the Auction Agent and shall
(i) specify the maximum aggregate principal amount of the Term Loans subject to the Auction, in a minimum amount of €5,000,000 and whole increments of €1,000,000 in excess thereof (or, in any case, such lesser amount as is
otherwise reasonably acceptable to the Auction Agent) (the “Auction Amount”), (ii) specify the discount to par, which may be a range (the “Discount Range”) of percentages of the par principal amount of the Term
Loans subject to such Auction, that represents the range of purchase prices that the Auction Party would be willing to accept in the Auction, (iii) be extended, at the sole discretion of the Auction Party, to (x) each Lender and/or
(y) each Lender with respect to any Term Loan Tranche and (iv) remain outstanding through the Auction Response Date. The Auction Agent will promptly provide each appropriate Lender with a copy of such Auction Notice and a form of the
Return Bid to be submitted by a responding Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m. (New York City time), on the date specified in such Auction Notice (or such later date as the Auction Party may agree to extend with
the reasonable consent of the Auction Agent) (the “Auction Response Date”). 
 (b)    Reply
Procedures. In connection with any Auction, each Lender holding the relevant Term Loans subject to such Auction may, in its sole discretion, participate in such Auction and may provide the Auction Agent with a notice of participation (the
“Return Bid”) which shall be in a form reasonably acceptable to the Auction Agent, and shall specify (i) a discount to par (that must be expressed as a price at which it is willing to sell all or any portion of such Term Loans)
(the “Reply Price”), which (when expressed as a percentage of the par principal amount of such Term Loans) must be within the Discount Range, and (ii) a principal amount of such Term Loans, which must be in whole increments of
€1,000,000 (or, in any case, such lesser amount as is specified in the Auction Notice) (the “Reply Amount”). A Lender may avoid the minimum amount condition specified in clause (ii) of the preceding sentence solely
when submitting a Reply Amount equal to the Lender’s entire remaining amount of such Term Loans. Lenders may only submit one Return Bid per Auction but each Return Bid may contain up to three bids only one of which may result in a Qualifying
Bid (as defined below). In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Agent, an Assignment and Assumption with the principal amount of the Term Loans to be assigned to be left
in blank, which amount shall be completed by the Auction Agent in accordance with the final determination of such Lender’s Qualifying Bid pursuant to clause (c) below. Any Lender whose Return Bid is not received by the Auction Agent
by the Auction Response Date shall be deemed to have declined to participate in the relevant Auction with respect to all of its Term Loans. 

(c)    Acceptance Procedures. Based on the Reply Prices and Reply Amounts received by the Auction Agent prior to
the applicable Auction Response Date, the Auction Agent, in consultation with the Auction 

  
 20 

 
Party, will determine the applicable price (the “Applicable Price”) for the Auction, which will be the lowest Reply Price for which the Auction Party can complete the Auction at
the Auction Amount; provided that, in the event that the Reply Amounts are insufficient to allow the Auction Party to complete a purchase of the entire Auction Amount (any such Auction, a “Failed Auction”), the Auction Party shall
either, at its election, (i) withdraw the Auction or (ii) complete the Auction at an Applicable Price equal to the highest Reply Price sufficient to complete a purchase of the entire Auction Amount. The Auction Party shall purchase the
relevant Term Loans (or the respective portions thereof) from each Lender with a Reply Price that is equal to or lower than the Applicable Price (“Qualifying Bids”) at the Applicable Price; provided that if the aggregate
proceeds required to purchase all Term Loans subject to Qualifying Bids would exceed the Auction Amount for such Auction, the Auction Party shall purchase such Term Loans at the Applicable Price ratably based on the principal amounts of such
Qualifying Bids (subject to rounding requirements specified by the Auction Agent in its discretion). If a Lender has submitted a Return Bid containing multiple bids at different Reply Prices, only the bid with the lowest Reply Price that is equal to
or less than the Applicable Price will be deemed to be the Qualifying Bid of such Lender (e.g., a Reply Price of €100 with a discount to par of 1.0%, when compared to an Applicable Price of €100 with a 2.0% discount to par, will not be
deemed to be a Qualifying Bid, while, however, a Reply Price of €100 with a discount to par of 2.50% would be deemed to be a Qualifying Bid). The Auction Agent shall promptly, and in any case within five Business Days following the Auction
Response Date with respect to an Auction, notify (I) the Borrower Representative of the respective Lenders’ responses to such solicitation, the effective date of the purchase of Term Loans pursuant to such Auction, the Applicable Price,
and the aggregate principal amount of the Term Loans and the Tranches thereof to be purchased pursuant to such Auction, (II) each participating Lender of the effective date of the purchase of Term Loans pursuant to such Auction, the Applicable
Price, and the aggregate principal amount and the Tranches of Term Loans to be purchased at the Applicable Price on such date, (III) each participating Lender of the aggregate principal amount and the Tranches of the Term Loans of such Lender
to be purchased at the Applicable Price on such date and (IV) if applicable, each participating Lender of any rounding and/or proration pursuant to the second preceding sentence. Each determination by the Auction Agent of the amounts stated in
the foregoing notices to the Borrower Representative and Lenders shall be conclusive and binding for all purposes absent manifest error. 

(d)    Additional Procedures. 

(i)    Once initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction.
Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Price. 

(ii)    To the extent not expressly provided for herein, each purchase of Term Loans pursuant to an Auction shall be
consummated pursuant to procedures consistent with the provisions in this definition, established by the Auction Agent acting in its reasonable discretion and as reasonably agreed by the Borrower Representative. 

(iii)    In connection with any Auction, the Borrowers and the Lenders acknowledge and agree that the Auction Agent may
require as a condition to any Auction, the payment of customary fees and expenses by the Auction Party in connection therewith as agreed between the Auction Party and the Auction Agent. 

(iv)    Notwithstanding anything in any Loan Document to the contrary, for purposes of this definition, each notice or
other communication required to be delivered or otherwise provided to the Auction Agent (or its delegate) shall be deemed to have been given upon the Auction Agent’s (or its delegate’s) actual receipt during normal business hours of such
notice or communication; provided that any notice or communication actually received outside of normal business hours shall be deemed to have been given as of the opening of business on the next Business Day. 

(v)    The Borrowers and the Lenders acknowledge and agree that the Auction Agent may perform any and all of its duties
under this definition by itself or through any Affiliate of the Auction Agent and expressly consent to any such delegation of duties by the Auction Agent to such Affiliate and the performance of such delegated duties by such Affiliate. The
exculpatory provisions pursuant to this Agreement shall apply to each Affiliate of the Auction Agent and its respective activities in connection with any purchase of Term Loans provided for in this definition as well as activities of the Auction
Agent. 

  
 21 

 “Eligible Assignee” means (a) a Lender, (b) a commercial bank,
insurance company, finance company, financial institution, any fund that invests in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act), (c) any Affiliate of a Lender, (d) an Approved Fund of a
Lender or (e) to the extent permitted under Section 10.05(g), any Affiliated Lender or any Debt Fund Affiliate; provided that in any event, “Eligible Assignee” shall not include (i) any natural person, (ii) any
Disqualified Institution or (iii) except as permitted under Section 10.05(g) (including with respect to Debt Fund Affiliates), the Parent or any of its Affiliates. 

“EMU Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation
of a single or unified European currency. 
 “Engagement Letter” means the Engagement Letter dated April 7, 2015 by
and among the Lead Arrangers, Kleopatra Holdings 2 S.C.A., and solely with respect to Section 9 thereof, Klöckner Pentaplast of America, Inc. 

“Environmental Claim” means any investigation, notice, notice of violation, claim, allegation, accusation, action, suit,
proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (a) pursuant to or in connection with any actual or alleged violation of any Environmental
Law; (b) in connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (c) in connection with any actual or alleged damage, injury, threat or harm to natural resources or the environment. 

“Environmental Laws” means any and all applicable current or future foreign or domestic, federal or state (or any subdivision
of either of them), statutes, ordinances, orders, rules, regulations, judgments, Governmental Authorizations, or any other applicable requirements of Governmental Authorities and the common law relating to (a) environmental matters, including
those relating to any Hazardous Materials Activity; or (b) the generation, use, storage, transportation or disposal of or exposure to Hazardous Materials, in any manner applicable to the Borrowers or any of their Subsidiaries or any Facility.

 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Borrowers or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation,
storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials into the environment or (e) any contract, agreement or other
consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity
Interests” means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated) of capital stock of (or other ownership or profit interests or units in) such Person and all of the
warrants, options or other rights for the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible securities). 

“ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” means, as applied to any Person, (a) any corporation which is a member of a controlled group of
corporations within the meaning of Section 414(b) of the Code of which that Person is a member and (b) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common control within the
meaning of Section 414(c) of the Code of which that Person is a member. 
 “ERISA Event” means (a) a “reportable
event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the 30-day notice period has been waived); (b) the
failure of any of the Borrowers, any of their Subsidiaries or any of their respective ERISA Affiliates to meet the minimum funding standard of Section 412 of the Code with respect to any Pension Plan, (c) the provision to the Borrowers,
any of their Subsidiaries or any of their respective ERISA Affiliates by the administrator of any Pension Plan pursuant to Section 4041(a)(2) or Section 302 of ERISA of a notice of intent to terminate such plan in a distress termination
described in Section 4041(c) of ERISA; (d) the withdrawal by the Borrowers, any of their Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or 

  
 22 

 
more contributing sponsors or the termination of any such Pension Plan resulting in liability to the Borrowers, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to
Section 4063 or 4064 of ERISA; (e) the institution by the PBGC of proceedings to terminate any Pension Plan, or the appointment of a trustee to administer any Pension Plan; (f) the imposition of liability on the Borrowers, any of
their Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) a complete or partial withdrawal (within the meaning of Sections 4203
and 4205 of ERISA) of the Borrowers, any of their Subsidiaries or any of their respective ERISA Affiliates from any Multiemployer Plan if there is any liability therefor under Title IV of ERISA, or the receipt by the Borrowers, any of their
Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section
4041A or 4042 of ERISA; (h) the occurrence of an act or omission which could reasonably be expected to give rise to the imposition on the Borrowers or any of their Subsidiaries of fines, penalties, excise taxes or related charges under Chapter
43 of the Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any Pension Plan; or (i) the incurrence of liability or the imposition of a Lien on the assets of the Borrowers or any of their
Subsidiaries pursuant to Section 436 or 430(k) of the Code or pursuant to Title IV of ERISA with respect to any Pension Plan, other than for PBGC premiums due but not delinquent. 

“Euro Amount” means, at any time: 

(a)    with respect to any Loan denominated in Euros, the principal amount thereof then outstanding (or in which such
participation is held); 
 (b)    with respect to any Loan denominated in Dollars, Sterling or an Alternative Currency,
the principal amount thereof then outstanding in Dollars, Sterling or the relevant Alternative Currency, converted to Euros in accordance with Section 1.08; and 

(c)    with respect to any L/C Obligation (or any risk participation therein), (A) if denominated in Euros, the amount
thereof and (B) if denominated in Dollars or an Alternative Currency, the amount thereof converted to Euros in accordance with Section 1.08(a) and Section 1.08(b). 

“Eurocurrency Rate” means, for any Interest Period: 

(a)    in the case of any Eurocurrency Rate Loan denominated in Dollars: 

(i)    the rate per annum equal to the rate determined by the Administrative Agent to be the offered rate that appears on
the Reuters Page LIBOR01 (or any successor thereto that displays an offered rate administered by ICE Benchmark Administration Limited (or any other Person that takes over the administration of that rate)) for deposits in Dollars (for delivery on the
first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or, if different, the date on which
quotations would customarily be provided by leading banks in the London interbank market for deposits of amounts in Dollars for delivery on the first day of such Interest Period; provided that if such rate is below zero, the Eurocurrency Rate will
be deemed to be zero; or 
 (ii)    if the rate referenced in the preceding clause (a)(i) is not available, the
Interpolated Rate; 
 (b)    in the case of any Eurocurrency Rate Loan denominated in Euros: 

(i)    the rate per annum equal to the rate determined by the Administrative Agent to be the offered rate that appears on
Reuters Page EURIBOR01 (or any successor thereto that displays an offered rate administered by the European Money Markets Institute (or any other Person that takes over the administration of that rate)) for deposits in Euros (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. (Brussels time) two Business Days prior to the first day of such Interest Period, or, if different, the date on which
quotations would customarily be provided by leading banks in the European interbank market for deposits of amounts in Euros for delivery on the first day of such Interest Period; provided that if such rate is below zero, the Eurocurrency Rate will
be deemed to be zero; or 

  
 23 

 (ii)    if the rate referenced in the preceding clause (b)(i) is not
available, the Interpolated Rate; 
 (c)    in the case of any Eurocurrency Rate Loan denominated in an Alternative
Currency: 
 (i)    the rate per annum equal to the rate determined by the Administrative Agent to be the offered rate
that appears on the Reuters Page LIBOR01 (or any successor thereto that displays an offered rate administered by ICE Benchmark Administration Limited (or any other Person that takes over the administration of that rate)) for deposits in such
Alternative Currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period,
or, if different, the date on which quotations would customarily be provided by leading banks in the London interbank market for deposits of amounts in the relevant currency for de-livery on the first day of
such Interest Period; provided that if such rate is below zero, Eurocurrency Rate will be deemed to be zero; or 

(ii)    if the rate referenced in the preceding clause (c)(i) is not available, the Interpolated Rate. 

“Eurocurrency Rate Loan” means a Loan, whether denominated in Dollars, Euros, Sterling or in an Alternative Currency, which
bears interest at a rate based on the applicable Adjusted Eurocurrency Rate. 
 “European Insolvency Regulation” means
Council Regulation (EC) No. 1346/2000 of May 29, 2000 on Insolvency Proceedings, as amended from time to time. 

“Euros” and “€” mean the lawful currency of the Participating Member States introduced in accordance
with the EMU Legislation. 
 “EU Sanctions Laws and Regulations” means any economic or financial sanctions or requirements
imposed by the European Union, the United Nations, the United Kingdom, the Federal Republic of Germany or the Grand Duchy of Luxembourg or Governmental Authorities of any of the foregoing. 

“Event of Default” has the meaning assigned to such term in Section 8.01. 

“Excess Cash Flow” means, for any Test Period ending on the last day of a Fiscal Year, an amount (if positive) equal to: 

(a)    the sum, without duplication, of the amounts for such period of the following: 

(i)    Consolidated Net Income for such period, plus 

(ii)    the amount of all non-Cash charges or expenses (including depreciation
and amortization) deducted in arriving at such Consolidated Net Income, but excluding any non-Cash charges representing an accrual or reserve for potential Cash items in any future period and excluding
amortization of all prepaid Cash items that were paid (or required to have been paid) in a prior period, plus 

(iii)    decreases in Consolidated Working Capital for such period (other than any such decreases (A) arising from
acquisitions or Dispositions of all or substantially all of the Capital Stock of any Subsidiary of the Borrowers or any business line, unit or division of the Borrowers or any such Subsidiary, in each case by the Borrowers and their Subsidiaries
completed during such period, (B) the application of acquisition and/or purchase recapitalization accounting, (C) the effect of reclassification during such period between Current Assets and long-term assets and Current Liabilities and
long-term liabilities (with a corresponding restatement to the prior period to give effect to such reclassification) and (D) the effect of any fluctuations in the amount of accrued and contingent obligations under any Hedge Agreement),
plus 

  
 24 

 (iv)    the aggregate net amount of any
non-Cash loss on Dispositions of property by the Borrowers and their Subsidiaries during such period (other than Dispositions in the ordinary course of business), to the extent deducted in arriving at such
Consolidated Net Income, plus 
 (v)    to the extent deducted, or not included in arriving at such Consolidated
Net Income, (A) increases in non-current deferred revenue, (B) increases in accruals for future lease payments in respect of closed branches plus accretion thereof, (C) increases in non-current IFRS rent equalization liabilities, (D) increases in deferred landlord allowances and (E) accretion of asset retirement obligations recorded in accordance with IFRS, plus 

(vi)    Cash income or gain (actually received in Cash) of the type described in clauses (b), (c),
(d), (e) and (f) of the definition of “Consolidated Net Income”, to the extent excluded from the calculation of Consolidated Net Income for such period pursuant to the definition thereof (other than in respect of
sales or dispositions to the extent the Borrowers is permitted to reinvest such proceeds or is required to prepay the Loan with such proceeds, in each case, pursuant to Section 2.05(b)(ii)), plus 

(vii)    expenses deducted from Consolidated Net Income during such period in respect of expenditures made during any
prior period for which a deduction from Excess Cash Flow was made in such prior period pursuant to clause (b) below, minus, 

(b)    the sum, without duplication, of the amounts for such period of the following: 

(i)    the amount of (A) all non-Cash credits, gains and income included in
arriving at such Consolidated Net Income (including non-Cash gains on bargain purchases and excluding any such credit, gain or income representing the reversal of an accrual or reserve for a potential Cash
item that reduced Consolidated Net Income in any prior period) and (B) all Cash expenses, charges and losses excluded in arriving at such Consolidated Net Income, in each case, to the extent not financed with the proceeds of long-term
Indebtedness (other than revolving Indebtedness), plus 
 (ii)    without duplication of amounts deducted from
Excess Cash Flow in respect of a prior period, the aggregate amount actually paid by the Borrowers and their Subsidiaries in Cash during such period or after such period and prior to the relevant date of such Excess Cash Flow prepayment required by
Section 2.05(b)(i) on account of capital expenditures and payments in respect of the exercise of purchase options under operating leases (excluding the principal amount of Indebtedness, other than revolving Indebtedness, incurred to finance
such capital expenditures), plus 
 (iii)    the aggregate amount of all principal payments and purchases of
Indebtedness of the Borrowers and their Subsidiaries (including (A) scheduled principal payments with respect to Indebtedness pursuant to Section 2.07(a) of this Agreement (or any equivalent provision in any Refinancing Indebtedness) and
voluntary prepayments of Term Loans pursuant to Section 2.05(a) of this Agreement (except prepayments of Revolving Credit Loans that are not accompanied by a corresponding permanent commitment reduction of the corresponding Revolving Credit
Commitments and Loans repurchased pursuant to Dutch Auctions or open market purchases in an amount equal to the discounted purchase price of such Loans paid in respect of such Loans pursuant to such Dutch Auctions or through open market purchases)
(or any equivalent provision in any Refinancing Indebtedness) (other than prepayments of loans deducted pursuant to clause (B) of Section 2.05(b)(i) of this Agreement)), (B) the principal component of payments in respect of
Capital Leases, (C) the amount of any mandatory prepayment of Term Loans pursuant to Section 2.05(b)(ii) of this Agreement (or any equivalent provision in any Refinancing Indebtedness), in each case, with the Net Proceeds of a Prepayment
Asset Sale to the extent required due to a Disposition that resulted in an increase in Consolidated Net Income and not in excess of the amount of such increase and (D) purchases of Term Loans by the Borrowers and their Subsidiaries pursuant to
Section 10.05(g) of this Agreement (or any equivalent provisions in any Refinancing Indebtedness), in each case, limited to the aggregate amount actually paid in Cash, but excluding (1) all other prepayments of Term Loans and
(2) all repayments of any revolving credit facility or arrangements (except to the extent there is an equivalent permanent reduction in commitments thereunder)) made during such period, except to the extent financed with the proceeds of
long-term Indebtedness (other than revolving Indebtedness), plus 

  
 25 

 (iv)    increases in Consolidated Working Capital for such period (other
than any such increases (A) arising from acquisitions or Dispositions of all or substantially all of the Capital Stock of any Subsidiary of the Borrowers or any business line, unit or division of the Borrowers or any such Subsidiary, in each
case by the Borrowers and their Subsidiaries completed during such period, (B) the application of acquisition and/or purchase recapitalization accounting, (C) the effect of reclassification during such period between Current Assets and
long-term assets and Current Liabilities and long-term liabilities (with a corresponding restatement to the prior period to give effect to such reclassification) and (D) the effect of any fluctuations in the amount of accrued and contingent
obligations under any Hedge Agreement), plus 
 (v)    to the extent included, or not deducted in arriving at
such Consolidated Net Income, the aggregate consideration actually paid in Cash by the Borrowers or any of their Subsidiaries during such period or after such period and prior to the relevant date of such Excess Cash Flow prepayment required by
Section 2.05(b)(i) with respect to Investments permitted under Section 7.06 (and not financed with long-term Indebtedness (other than revolving Indebtedness)) (other than Investments in (x) Cash and Cash
Equivalents and (y) the Borrowers or any of their Subsidiaries), plus 
 (vi)    to the extent included, or
not deducted in arriving at such Consolidated Net Income, (A) decreases in non-current deferred revenue, (B) decreases in accruals for future lease payments made in respect of closed branches,
(C) decreases in non-current IFRS rent equalization liabilities, (D) decreases in deferred landlord allowances and (E) amounts paid with respect to asset retirement obligations, plus 

(vii)    any required up-front Cash payments in respect of Hedge Agreements to
the extent not financed with the proceeds of long-term Indebtedness (other than revolving Indebtedness) and not deducted in arriving at such Consolidated Net Income, plus 

(viii)    the amount of Restricted Payments made in Cash during such period pursuant to clauses (a)(i),
(a)(ii), (a)(iii) (other than respect to amounts made using clause (a)(i) of the definition of “Available Amount), (a)(iv), (a)(vii), (a)(x) and (a)(xiii) of
Section 7.04 (or otherwise consented to by the Required Lenders) except, in each case, to the extent financed with long term Indebtedness (other than revolving Indebtedness), plus 

(ix)    without duplication of amounts deducted from Excess Cash Flow in respect of a prior period, at the option of the
Borrower Representative, the aggregate consideration (including earn-outs) required to be paid in Cash by the Borrowers or their Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered into prior to or
during such period relating to capital expenditures, acquisitions or Investments permitted by Section 7.06 or otherwise consented to by the Required Lenders (other than Investments in (x) Cash and Cash Equivalents and
(y) the Borrowers or any of their Subsidiaries) to be consummated or made during the period of four consecutive Fiscal Quarters of the Borrowers following the end of such period (except, in each case, to the extent financed with long-term
Indebtedness (other than revolving Indebtedness)); provided that to the extent the aggregate amount actually utilized to finance such capital expenditures, acquisitions or Investments during such subsequent period of four consecutive Fiscal Quarters
is less than the Contract Consideration, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of such subsequent period of four consecutive Fiscal Quarters, plus 

(x)    the amount of Cash Taxes paid in such period (and Tax reserves set aside and payable or reasonably estimated to be
payable within the four consecutive Fiscal Quarters following such period) to the extent such Taxes exceed the amount of Tax expense deducted in arriving at Consolidated Net Income for such period; provided that the amount of such shortfall shall be
added to the calculation of Excess Cash Flow at the end of such subsequent period of four consecutive Fiscal Quarters, plus 

(xi)    to the extent not expensed (or exceeding the amount expensed) during such period or not deducted (or exceeding
the amount deducted) in calculating Consolidated Net Income, the aggregate amount of expenditures, fees, costs and expenses paid in Cash by the Borrowers and their Subsidiaries during such period, other than to the extent financed with long-term
Indebtedness (other than revolving Indebtedness), plus 

  
 26 

 (xii)    the amount of any portion of management, monitoring, consulting,
transaction and advisory fees and related expenses actually paid by or on behalf of, or accrued by, such Person or any of its subsidiaries (A) to the Investors (or their Affiliates or management companies) to the extent permitted under this
Agreement or (B) as permitted by Section 7.09(f). 
 “Exchange Act” means the Securities Exchange Act of 1934,
as amended. 
 “Exchange Rate” means on any day with respect to Dollars, Sterling, Euros or any Alternative Currency, the
rate at which such currency may be exchanged into any other currency, as set forth at approximately 11:00 a.m. (London time) on such day on the Reuters World Currency Page for such currency; in the event that such rate does not appear on any
Reuters World Currency Page, the Exchange Rate 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 arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or
about 10:00 a.m. (New York City time) on such date for the purchase of such currency for delivery two Business Days later. 

“Excluded Information” means information regarding the Borrowers, the Sponsor or their respective Affiliates that may be
material to a decision made by a Lender to participate in any assignment to an Affiliated Lender, including any information which is (a) not publicly available, (b) material with respect to any Parent Company, the Borrowers and their
respective subsidiaries or their respective securities for purposes of applicable foreign, U.S. federal and state securities laws and (c) not of a type that would be publicly disclosed in connection with any issuance by the Parent Companies,
the Borrowers or any of their respective subsidiaries of debt or equity securities issued pursuant to a public offering, a Rule 144A offering or other private placement where assisted by a placement agent. 

“Excluded Subsidiary” means any Subsidiary that is (a) an Unrestricted Subsidiary, (b) not wholly owned directly by
any Parent Company, the German Borrowers, the U.S. Borrower or one or more of their respective wholly owned Subsidiaries, (c) an Immaterial Subsidiary (except to the extent necessary to comply with Section 6.13
hereof), (d) [reserved], (e) a Foreign Subsidiary for which the providing of a Guarantee of the Obligations would reasonably be expected to result in a violation or breach of, or conflict with, fiduciary duties of such Foreign Subsidiary’s
officers, directors, or managers as of the Closing Date, (f) a Subsidiary that is prohibited by applicable Law as of the Closing Date from guaranteeing the Facilities, or which would require governmental (including regulatory) consent,
approval, license or authorization to provide a guarantee unless, such consent, approval, license or authorization has been received, in each case so long as the Administrative Agent shall have received a certification from a Responsible Officer of
each Borrower as to the existence of such prohibition or consent, approval, license or authorization requirement as of the Closing Date, (g) a Subsidiary that is prohibited from guaranteeing the Facilities by any Contractual Obligation in
existence on the Closing Date and is listed on Schedule 1.01(f) hereto (or, in the case of any newly-acquired Subsidiary, in existence at the time of acquisition thereof but not entered into in contemplation thereof), (h) a Subsidiary with
respect to which a guarantee by it of the Facilities would result in material adverse tax consequences to Parent or one or more of its Subsidiaries, as reasonably determined by the Borrower Representative, (i) not-for-profit subsidiaries, (j) any Foreign Subsidiary to the extent excluded by application of the Guaranty and Security Principles, (k) Subsidiaries that are special purpose entities,
(l) any other Subsidiary with respect to which the Borrowers and the Administrative Agent reasonably agree that the cost or other consequences (including any adverse tax consequences) of guaranteeing the Facilities shall be excessive in view of
the benefits to be obtained by the Lenders therefrom or (m) any Subsidiary organized under the laws of any of Argentina, Russia, Thailand, Brazil, China, India, Mexico, the United Arab Emirates, Egypt or Australia; provided that
(i) no Borrower and no Parent Company shall constitute an “Excluded Subsidiary” and (ii) if a Subsidiary executes this Agreement as a “Guarantor,” then it shall not constitute an “Excluded Subsidiary” (unless
released from its obligations in accordance with the terms hereof); provided, further, that no Subsidiary of the Borrowers shall be an Excluded Subsidiary if such Subsidiary is not an “Excluded Subsidiary” (or comparable
term) for the purposes of any Incremental Equivalent Debt or Refinancing Notes. 
 “Excluded Swap Obligation” means, with
respect to any Guarantor, any Swap 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 Lien to secure, such Swap Obligation (or any Guarantee thereof) is or becomes
illegal or unlawful under the Commodity Exchange 

  
 27 

 
Act or any rule, regulation or order of the 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 and the regulations thereunder at the time the Guarantee of such Guarantor or the grant of such security interest would otherwise have become
effective with respect to such Swap Obligation but for such Guarantor’s failure to constitute an “eligible contract participant”; provided that with the written consent of the Administrative Agent and the Borrowers, a given
Excluded Swap Obligation (determined as provided above without regard to this proviso) may be excluded from this definition. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the
portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading
Commission (or the application or official interpretation of any thereof). 
 “Excluded Taxes” means any of the following
Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by such Recipient’s net income (however denominated), franchise Taxes, U.S. backup
withholding Taxes and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable Lending Office or any other kind
of permanent establishment located in, the jurisdiction imposing such Tax or (ii) that are Other Connection Taxes, (b) Taxes attributable to such Recipient’s failure to comply with Section 3.01(h), (c) any withholding Taxes
imposed under FATCA, (d) any U.S. withholding Taxes to the extent that the obligation to withhold amounts exists on the date that such Recipient became a party under this Agreement (other than pursuant to Section 3.08) or designates a new
Lending Office, except in each case to the extent such Recipient (or its assignor, if any) was entitled, at the time of such assignment or designation to receive additional amounts under Section 3.01(a) immediately prior to such assignment or
designation and (e) any Taxes that are required to be deducted or withheld on a payment by a Swiss Guarantor and/or another Loan Party qualifying as a Swiss resident pursuant to art 9 of the Swiss Withholding Tax Act. 

“Executive Order” means Executive Order No. 13224 of September 23, 2001, entitled Blocking Property and Prohibiting
Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)). 
 “Exempt Intra-Group
Obligation” means any Indebtedness of any Loan Party owing to any Subsidiary that is (i) not a Loan Party and (ii) organized in a jurisdiction in which no other Loan Party is organized, and the aggregate principal amount of such
Indebtedness does not exceed €10,000,000 at any time. 
 “Existing Credit Agreement” means that certain Amended and
Restated Credit Agreement dated as of June 21, 2012, among Kleopatra Holdings 2, Kleopatra Lux 2 S.à r.l., Klöckner Pentaplast German Holding GmbH & Co. KG, KP Germany Erste GmbH, UBS Limited, Kleopatra Pentaplast of
America, Inc. (formerly Acquisition Corp), as the borrower, the subsidiary guarantors party thereto, Jefferies Finance LLC, as lead arranger and the other parties thereto, as the same has been amended, restated, supplemented or otherwise modified
prior to the Closing Date. 
 “Existing PIK Notes” means the 10.250% / 11.000% Senior PIK Notes due 2017 of Kleopatra
Holdings 1 issued pursuant to that certain Indenture, dated as of May 8, 2013, among Kleopatra Holdings 1 (acting by its general partner and sole manager Kleopatra Holdings GP S.A.), Citibank, N.A., London Branch, as trustee, Citibank, N.A.,
London Branch, as paying agent and transfer agent, Citibank, N.A., London Branch, as security agent and Citigroup Global Markets Deutschland AG, as registrar. 

“Existing Senior Secured Notes” means the 11.625% Senior Secured Notes due 2017 of KP Germany Erste GmbH issued pursuant to
that certain Indenture, dated as of July 20, 2012, by and among KP Germany Erste GmbH, the guarantors party thereto, Citibank, N.A., London Branch, as trustee, Citibank, N.A., London Branch, as paying agent and transfer agent, Citigroup Global
Markets Deutschland AG, as registrar and Citibank, N.A., London Branch, as security agent. 
 “Extended Revolving Credit
Commitment” has the meaning assigned to such term in Section 2.15(a)(ii). 
 “Extended Revolving Loans” has
the meaning assigned to such term in Section 2.15(a)(ii). 

  
 28 

 “Extended Term Loans” has the meaning assigned to such term in Section
2.15(a)(iii). 
 “Extending Term Lender” means any Term Lender holding Extended Term Loans. 

“Extension” has the meaning assigned to such term in Section 2.15(a). 

“Extension Offer” has the meaning assigned to such term in Section 2.15(a). 

“Facility” means the Term Facilities, the Revolving Credit Facility or the Letter of Credit Sublimit, as the context may
require. 
 “Factoring Assets” means any accounts receivable owed to any Borrower or any Subsidiary (whether now existing
or arising or acquired in the future) arising in the ordinary course of business from the sale of goods or services, all collateral securing such accounts receivable, all contracts and contract rights and all guarantees or other obligations in
respect of such accounts receivable, all proceeds of such accounts receivable, any bank accounts (if such bank accounts are used solely to collect, receive and hold such proceeds) and other assets (including contract rights, transport insurance
policies and credit insurance policies) which are of the type customarily transferred or in respect of which security interests are customarily granted in connection with the factoring of accounts receivable and which are sold, transferred, pledged
or otherwise conveyed by a Borrower or a Subsidiary pursuant to a Permitted Factoring Arrangement. 
 “Failed Auction” has
the meaning assigned to such term in the definition of “Dutch Auction”. 
 “Fair Market Value” means the current
value that would be attributed to Securitization Assets or Factoring Assets by an independent and unaffiliated third party purchasing the Securitization Assets or Factoring Assets in an arms-length sale transaction, as determined in good faith by
the board of directors of the applicable Loan Party. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the
date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant
to Section 1471(b)(1) of the Code, and any intergovernmental agreements and fiscal or regulatory legislation, rules or official interpretations adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of
such Sections of the Code. 
 “Federal Funds Rate” means, for any day, the rate per annum 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, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day;
provided that (a) 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 Business Day and (b) 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 (rounded upward, if necessary, to a whole multiple of 1/100 of 1.0%) charged to the Administrative Agent on such day on
such transactions as determined by the Administrative Agent. 
 “Fee Letter” means the Fee Letters dated April 7, 2015
by and among Parent, Credit Suisse Securities (USA) LLC and Credit Suisse AG, Cayman Islands Branch. 
 “Finance Party”
means any Agent, Arranger, L/C Issuer or Lender. 
 “Financial Officer” of any Person means the chief financial officer,
the treasurer, any assistant treasurer, any vice president of finance or the controller of such Person or any officer with substantially equivalent responsibilities of any of the foregoing. 

“Financial Officer Certification” means, with respect to the financial statements for which such certification is required,
the certification of a Financial Officer of each Borrower that such financial statements fairly present, in all material respects, in accordance with IFRS, the consolidated financial condition of such Borrower as at the dates indicated and the
results of its operations and its cash flows for the periods indicated, subject to (in the case of unaudited financial statements only) changes resulting from audit and normal year-end adjustments. 

  
 29 

 “First Lien Net Leverage Ratio” means the ratio, as of any date of
determination, of (a) Consolidated First Lien Debt as of such date (net of the Unrestricted Cash Amount as of such date) to (b) Consolidated Adjusted EBITDA of Parent and its Subsidiaries for the Test Period then most recently ended for
which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable. 
 “Fiscal
Quarter” means a fiscal quarter of any Fiscal Year. 
 “Fiscal Year” means the fiscal year of the Parent ending on
September 30 of each year. 
 “Fitch” means Fitch Ratings Inc. and any successor thereto. 

“Foreign Benefit Event” means, with respect to any Foreign Plan, (a) the existence of unfunded liabilities in excess of
the amount permitted under any applicable Law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (b) the failure to make the required contributions or payments, under any applicable Law and any
applicable Foreign Plan (including, without limitation, mandatory contributions to the statutory pension insolvency insurance, the contributions to any funding vehicle, payments of the pensions of pensioners and increases in the pensions of
pensioners as required by the Foreign Plan and by statute), on or before the due date for such contributions or payments, (c) the failure to establish reserves in the financial statements that have to be established under any applicable Law and
prudent business practice, (d) the receipt of a notice by a Governmental Authority relating to (i) the intention to terminate any such Foreign Plan or to appoint a trustee or similar official to administer any such Foreign Plan or
(ii) the insolvency of any such Foreign Plan, (e) the incurrence of any liability by the German Borrower or any its Subsidiaries under any applicable Law on account of the complete or partial termination of such Foreign Plan or the
complete or partial withdrawal of any participating employer therein, or (f) the occurrence of any transaction that is prohibited under any applicable Law and that could reasonably be expected to result in the incurrence of any liability by the
German Borrower any of its Subsidiaries, or the imposition on the German Borrower or any of its Subsidiaries of, any fine, excise tax or penalty resulting from any noncompliance with any applicable Law. 

“Foreign Casualty Event” shall have the meaning assigned to such term in Section 2.05(b)(ix). 

“Foreign Disposition” shall have the meaning assigned to such term in Section 2.05(b)(ix). 

“Foreign Lender” means (a) if the applicable Borrower is a U.S. Person, a Lender that is not a U.S. Person, and
(b) if the applicable Borrower is not a U.S. Person, a Lender that is resident or organized under the Laws of a jurisdiction other than that in which the applicable Borrower is resident for tax purposes. 

“Foreign Plan” means any pension plan, benefit plan, fund (including any superannuation fund) or other similar program that,
under the applicable Law of any jurisdiction other than the United States, 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) by a Loan Party
or for which a Loan Party has to establish book reserves in the financial statements primarily for the benefit of employees employed and residing outside the United States. 

“Foreign Subsidiary” means any direct or indirect Subsidiary that is not a U.S. Subsidiary. 

“FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“Fronting Exposure” means, at any time there is a Defaulting Lender under any Tranche of the Revolving Credit Facility, with
respect to an L/C Issuer under such Tranche, such Defaulting Lender’s Pro Rata Share of the outstanding L/C Obligations under such Tranche (other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been
reallocated to other Non-Defaulting Lenders under such Tranche or Cash Collateralized in accordance with the terms hereof). 

  
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 “Funds Flow Statement” means a funds flow statement mutually agreed among the
relevant Borrowers and the Lead Arrangers in respect of each Facility which includes a statement of the sources and uses for the Transaction. 

“German Borrowers” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

“German Closing Security Documents” means (a) the German law share and interest pledge agreement among
(i) Kleopatra Lux 2 S.à r.l KP Holding Verwaltungs GmbH and Holdings as pledgors, (ii) Holdings, KP Holding Verwaltungs GmbH, Intermediate German Holdings and Intermediate KPA Holdings as pledged entities and (iii) the
Collateral Trustee as pledgee relating to the shares and interests, respectively, in the pledged entities, (b) the German law share and interest pledge agreement among (i) Intermediate German Holdings, each of the German Borrowers and
Klöckner Pentaplast Verwaltungs GmbH as pledgors, (ii) each of the German Borrowers, Klöckner Pentaplast Europe GmbH & Co. KG and Klöckner Pentaplast Verwaltungs GmbH as pledged companies and (iii) the Collateral
Trustee as pledgee relating to the shares and interests, respectively, in the pledged companies, (c) the German law security assignment agreement between Holdings, Intermediate German Holdings, each of the German Borrowers, Intermediate KPA
Holdings, Klöckner Pentaplast Europe GmbH & Co KG and KP Holding Verwaltungs GmbH as assignors and the Collateral Trustee relating to, amongst others, intra-group receivables (governed by German law) and (d) a German law account
pledge agreement among Holdings, Intermediate German Holdings, each of the German Borrowers, Intermediate KPA Holdings, Klöckner Pentaplast Europe GmbH & Co. KG and certain non-German Guarantors
as pledgors and the Collateral Trustee as pledgee relating to the respective bank accounts of the pledgors held in Germany. 

“German Disqualified Lender” means a Lender that is not resident or organized under the laws of a jurisdiction with which
Germany has an income tax treaty that provides for a complete exemption for withholding tax imposed on interest. 
 “German
Guarantor” means any Guarantor incorporated under the laws of Germany. 
 “German Guarantor Guaranty” has the
meaning assigned to such term in Section 12.10(a). 
 “German Insolvency Code” means the German
Insolvenzordnung of October 5, 1994, as amended. 
 “German Obligor” means, collectively, Holdings,
Intermediate German Holdings, the German Borrowers and any German Guarantor and “German Obligors” means all of them. 

“German Subsidiary” means any Subsidiary incorporated under the laws of Germany. 

“GmbHG” has the meaning assigned to such term in Section 12.10(b). 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government in any
jurisdiction (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Governmental
Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority. 

“Granting Lender” has the meaning assigned to such term in Section 10.05(e). 

“Guarantee” means any obligation, contingent or otherwise, of any Person guaranteeing, or having the economic effect of
guaranteeing, any Indebtedness or other monetary obligation of any other Person (the “Primary Obligor”) in any manner and including any obligation of such Person, (a) to purchase or pay (or advance or supply funds for the
purchase or payment of) such Indebtedness or other monetary obligation or to purchase (or to advance 

  
 31 

 
or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such
Indebtedness or other monetary obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the Primary Obligor so as to enable the Primary Obligor to pay such
Indebtedness or other monetary obligation, (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or monetary obligation, (e) entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part) or (f) secured by any Lien on any
assets of such Person securing any Indebtedness or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such
Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business, or customary and reasonable indemnity obligations in effect on
the Closing Date or entered into in connection with any acquisition, Disposition or other transaction permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an
amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. 
 “Guarantee Limitations” has the meaning assigned to such term in
Section 2.19(n). 
 “Guaranteed Obligations” has the meaning assigned to such term in
Section 12.01. 
 “Guarantor” means, collectively, (a) the Original Guarantors and
(b) each Subsidiary of the Parent that executes a Guarantee after the Closing Date pursuant to Section 6.12. 

“Guarantor Percentage” has the meaning assigned to such term in Section 12.11. 

“Guaranty and Security Principles” means the principles set forth on Schedule 1.01(b). 

“Hazardous Materials” means any chemical, material, substance or waste, or any constituent thereof, exposure to which is
prohibited, limited or regulated by any Environmental Law or any Governmental Authority. 
 “Hazardous Materials Activity”
means any past, current, proposed or threatened activity, event or occurrence involving any Hazardous Material, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge,
placement, generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Material, including any corrective action or response action with respect to any of the
foregoing. 
 “Hedge Agreement” means any agreement with respect to any Derivative Transaction between any Subsidiary and
any other Person. 
 “Hedge Bank” means any Person that has executed the Intercreditor Agreement as a “First Priority
Hedge Counterparty” (as defined in the Intercreditor Agreement) or executed and delivered (in its capacity as a “First Priority Hedge Counterparty” (as defined in the Intercreditor Agreement)) the applicable Joinder Agreement to the
Collateral Trustee and the Administrative Agent, which Joinder Agreement has been accepted in accordance with the terms of the Intercreditor Agreement. 

“Hedging Obligations” means, with respect to any Person, the net obligations of such Person under any Hedge Agreement. 

“HGB” has the meaning assigned to such term in Section 12.10(b). 

“Historical Financial Statements” has the meaning assigned to such term in Section 5.04(a). 

“Holdings” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

  
 32 

 “Honor Date” has the meaning assigned to such term in Section 2.03(c)(i).

 “IFRS” means the International Financial Reporting Standards promulgated by the International Accounting Standards
Board. 
 “Immaterial Subsidiary” means, at any date of determination, each Subsidiary (other than the Borrowers, any
Parent Company or Holdings) that has been designated by the Borrower Representative in writing to the Administrative Agent as an “Immaterial Subsidiary” for purposes of this Agreement (and not redesignated as a Material Subsidiary as
provided below); provided that (a) for purposes of this Agreement, on the date falling sixty (60) days after the date any financial statements referred to in Section 6.01(a) or Section 6.01(b) have been or are required
to be delivered, (i) the total assets of all Immaterial Subsidiaries by reference to the last day of the most recent Test Period shall not equal or exceed 5.0% of the total assets of Parent and its Subsidiaries at such date or (ii) the
gross revenues for such Test Period of all Immaterial Subsidiaries shall not equal or exceed 5.0% of the Consolidated Adjusted EBITDA of Parent and its Subsidiaries for such period, in each case determined on a consolidated basis in accordance with
IFRS and by reference to such financial statements, (b) the Borrower Representative shall not designate any new Immaterial Subsidiary if such designation would not comply with the provisions set forth in clause (a) above, and (c) if
the total assets or gross revenues of all Subsidiaries so designated by the Borrower Representative as “Immaterial Subsidiaries” (and not redesignated as “Material Subsidiaries”) shall exceed the limits set forth in clause
(a) above, then all such Subsidiaries as are required to comply with the limits set forth in clause (a) above, as designated by the Borrower Representative in a written notice to the Administrative Agent, shall be deemed to be
Material Subsidiaries; provided, further, that the Borrower Representative may designate and re-designate a Subsidiary as an Immaterial Subsidiary at any time, subject to the terms set forth in
this definition. 
 “Immediate Family Member” means with respect to any individual, such individual’s child,
stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling,
mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive relationships), any trust, partnership or other bona fide estate-planning
vehicle the only beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor, administrator, heir or legatee, in each case, acting on their behalf) or any private foundation or fund that is controlled
by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor. 
 “Incremental
Cap” has the meaning assigned to such term in Section 2.14(a). 
 “Incremental Commitment” means any
commitment made by a Lender to provide all or any portion of an Incremental Facility or Incremental Loans. 
 “Incremental
Equivalent Debt” has the meaning assigned to such term in Section 7.01(x). 
 “Incremental Facilities” has
the meaning assigned to such term in Section 2.14(a). 
 “Incremental Loans” has the meaning assigned to such term
in Section 2.14(a). 
 “Incremental Revolving Credit Commitment” means any commitment made by a Lender to provide
all or any portion of an Incremental Revolving Facility or Incremental Revolving Loans. 
 “Incremental Revolving Facility”
has the meaning assigned to such term in Section 2.14(a). 
 “Incremental Revolving Facility Lender” means, with
respect to any Incremental Revolving Facility, each Revolving Lender providing any portion of such Incremental Revolving Facility. 

“Incremental Revolving Loans” has the meaning assigned to such term in Section 2.14(a). 

“Incremental Term Commitment” means any commitment made by a Lender to provide all or any portion of an Incremental Term
Facility or Incremental Term Loans. 

  
 33 

 “Incremental Term Facility” has the meaning assigned to such term in Section
2.14(a). 
 “Incremental Term Loans” has the meaning assigned to such term in Section 2.14(a). 

“Indebtedness” as applied to any Person, means, without duplication, (a) all indebtedness for borrowed money;
(b) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with IFRS (without giving effect to any discounting or write-off
of any amounts that would otherwise constitute Indebtedness); (c) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments to the extent the same would appear as a liability on a balance sheet prepared in
accordance with IFRS (without giving effect to any discounting or write-off of any amounts that would otherwise constitute Indebtedness); (d) any obligation owed for all or any part of the deferred purchase
price of property or services (excluding (w) any earn out obligation or purchase price adjustment until such obligation becomes a liability on the balance sheet (excluding the footnotes thereto) in accordance with IFRS (without giving effect to
any discounting or write-off of any amounts that would otherwise constitute Indebtedness) and is past-due in accordance with its terms, (x) any such obligations
incurred under ERISA, (y) accrued expenses and trade accounts payable in the ordinary course of business (including on an inter-company basis) and (z) liabilities associated with customer prepayments and deposits), which purchase price is
(i) due more than six months from the date of incurrence of the obligation in respect thereof or (ii) evidenced by a note or similar written instrument to the extent the same would appear as a liability on a balance sheet prepared in
accordance with IFRS (without giving effect to any discounting or write-off of any amounts that would otherwise constitute Indebtedness); (e) all Indebtedness of others secured by any Lien on any property or
asset owned or held by such Person regardless of whether the indebtedness secured thereby shall have been assumed by such Person or is non-recourse to the credit of such Person; (f) the face amount of any
letter of credit issued for the account of such Person or as to which such Person is otherwise liable for reimbursement of drawings (except to the extent the relevant reimbursement obligations relate to trade payables and are satisfied within 20
days following the incurrence thereof); (g) the Guarantee by such Person of the Indebtedness of another; (h) all obligations of such Person in respect of any Disqualified Capital Stock and (i) all net obligations of such Person in respect
of any Derivative Transaction, including any Hedge Agreement, whether or not entered into for hedging or speculative purposes; provided that (i) in no event shall obligations under any Derivative Transaction be deemed
“Indebtedness” for any calculation of the Total Net Leverage Ratio, the First Lien Net Leverage Ratio or any other financial ratio under this Agreement and (ii) the amount of Indebtedness of any Person for purposes of clause
(e) shall be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such Indebtedness and (B) the fair market value of the property encumbered thereby as determined by such Person in good faith. For all purposes
hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint
venturer, except to the extent such Person’s liability for such Indebtedness is otherwise limited and only to the extent such Indebtedness would otherwise be included in the calculation of Consolidated Total Debt; provided that notwithstanding
anything herein to the contrary, the term “Indebtedness” shall not include, and shall be calculated without giving effect to, (y) the effects of Accounting Standards Codification Topic 815 and related interpretations to the extent
such effects would otherwise increase or decrease an amount of Indebtedness for any purpose hereunder as a result of accounting for any embedded derivatives created by the terms of such Indebtedness; and any such amounts that would have constituted
Indebtedness hereunder but for the application of this proviso shall not be deemed an incurrence of Indebtedness hereunder and (z) the effects of Statement of Financial Accounting Standards No. 133 and related interpretations to the extent
such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Agreement as a result of accounting for any embedded derivative created by the terms of such Indebtedness and any such amounts that would have
constituted Indebtedness under this Agreement but for the application of this sentence shall not be deemed to be an incurrence of Indebtedness under this Agreement. 

“Indemnified Taxes” means (a) all Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or
on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), all Other Taxes. 

“Indemnitee” has the meaning assigned to such term in Section 10.03(b). 

“Information” has the meaning assigned to such term in Section 5.11(a). 

  
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 “Initial Dollar Term Borrowing” means the Initial U.S. Borrower Dollar Term
Borrowing and the Initial German Borrower Dollar Term Borrowing. 
 “Initial Dollar Term Commitments” means the Initial
U.S. Borrower Dollar Term Commitments and the Initial German Borrower Dollar Term Commitments. 
 “Initial Dollar Term
Loans” means the Initial U.S. Borrower Dollar Term Loans and the Initial German Borrower Dollar Term Loans. 
 “Initial
Erste Euro Term Borrowing” means a borrowing consisting of simultaneous Initial Erste Euro Term Loans having the same Interest Period made by each of the Term Lenders with an Initial Erste Euro Term Commitment pursuant to Section
2.01(b)(i) on the Closing Date. 
 “Initial Erste Euro Term Commitment” means, as to each Term Lender, its obligation
to make Initial Erste Euro Term Loans to the Borrowers pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Euro Term Lender’s name on Schedule 2.01 under the caption
“Initial Erste Euro Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with
this Agreement including as such amount may be reduced from time to time pursuant to Section 2.06 or reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to an Assignment and
Assumption. The initial aggregate amount of the Initial Erste Euro Term Commitments is €113,000,000. 
 “Initial Erste Euro
Term Loans” has the meaning assigned to such term in Section 2.01(b)(i). 
 “Initial Euro Term Borrowing”
means the Initial Erste Euro Term Borrowing and the Initial GmbH Euro Term Borrowing. 
 “Initial Euro Term Commitments”
means the Initial Erste Euro Term Commitments and the Initial Gmbh Euro Term Commitments. 
 “Initial Euro Term Loans”
means the Initial Erste Euro Term Loans and the Initial GmbH Euro Term Loans. 
 “Initial German Borrower Dollar Term
Borrowing” means a borrowing consisting of simultaneous Initial German Borrower Dollar Term Loans having the same Interest Period made by each of the Term Lenders with an Initial German Borrower Dollar Term Commitment pursuant to Section
2.01(a) on the Closing Date. 
 “Initial German Borrower Dollar Term Commitment” means, as to each Term Lender, its
obligation to make Initial German Borrower Dollar Term Loans to the German Borrowers pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01
under the caption “Initial German Borrower Dollar Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time
to time in accordance with this Agreement including as such amount may be reduced from time to time pursuant to Section 2.06 or reduced or increased from time to time pursuant to assignments by or to such Term Lender
pursuant to an Assignment and Assumption. The initial aggregate amount of the Initial German Borrower Dollar Term Commitments is an aggregate principal amount equal to $219,420,000. 

“Initial German Borrower Dollar Term Loans” has the meaning assigned to such term in Section 2.01(a). 

“Initial GmbH Euro Term Borrowing” means a borrowing consisting of simultaneous Initial Gmbh Euro Term Loans having the same
Interest Period made by each of the Term Lenders with an Initial GmbH Euro Term Commitment pursuant to Section 2.01(b)(ii) on the Closing Date. 

“Initial GmbH Euro Term Commitment” means, as to each Term Lender, its obligation to make Initial GmbH Euro Term Loans to the
Borrowers pursuant to Section 2.01(b) in an aggregate principal amount not to 

  
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exceed the amount set forth opposite such Euro Term Lender’s name on Schedule 2.01 under the caption “Initial GmbH Euro Term Commitment” or opposite such caption in the
Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement including as such amount may be reduced from time to time pursuant
to Section 2.06 or reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to an Assignment and Assumption. The initial aggregate amount of the Initial GmbH Euro Term Commitments is
€100,000,000. 
 “Initial GmbH Euro Term Loans” has the meaning assigned to such term in Section 2.01(b)(ii).

 “Initial Term Borrowings” means (a) the Initial Euro Term Borrowing and (b) the Initial Dollar Term Borrowing.

 “Initial Term Commitments” means (a) the Initial Euro Term Commitments and (b) the Initial Dollar Term
Commitments. 
 “Initial Term Loans” means (a) the Initial Euro Term Loans and (b) the Initial Dollar Term Loans.

 “Initial U.S. Borrower Dollar Term Borrowing” means a borrowing consisting of simultaneous Initial U.S. Borrower Dollar
Term Loans having the same Interest Period made by each of the Term Lenders with an Initial U.S. Borrower Dollar Term Commitment pursuant to Section 2.01(a) on the Closing Date. 

“Initial U.S. Borrower Dollar Term Commitment” means, as to each Term Lender, its obligation to make Initial U.S. Borrower
Dollar Term Loans to the U.S. Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Initial U.S. Borrower
Dollar Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement
including as such amount may be reduced from time to time pursuant to Section 2.06 or reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to an Assignment and Assumption. The
initial aggregate amount of the Initial U.S. Borrower Dollar Term Commitments is an aggregate principal amount equal to $513,442,800). 

“Initial U.S. Borrower Dollar Term Loans” has the meaning assigned to such term in Section 2.01(a). 

“Intercreditor Agreement” means that certain Intercreditor Agreement substantially in form of Exhibit I hereto. 

“Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period
applicable to such Loan and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three
months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date of the Facility under which such
Loan was made (commencing with the last Business Day of September 2015). 
 “Interest Period” means, as to each
Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan and ending on the date one, three or six months thereafter, or to the extent consented to by
all Appropriate Lenders, 12 months thereafter (or such shorter interest period as may be agreed to by all Appropriate Lenders), as selected by the Borrower Representative in a Committed Loan Notice; provided that: 

(a)    any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next
succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

  
 36 

 (b)    any Interest Period that begins on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c)    no Interest Period shall extend beyond the scheduled Maturity Date of the Facility under which such Loan was made.

 “Intermediate German Holdings” has the meaning assigned to such term in the introductory paragraph to this Agreement.

 “Intermediate KPA Holdings” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

“Interpolated Rate” means, in relation to the Eurocurrency Rate for any Eurocurrency Rate Loan, the rate per annum determined
by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable Eurocurrency Rate for the longest
period (for which the applicable Eurocurrency Rate is available for the applicable currency) that is shorter than the Interest Period of that Eurocurrency Rate Loan and (b) the applicable Eurocurrency Rate for the shortest period (for which
such Eurocurrency Rate is available for the applicable currency) that exceeds the Interest Period of that Eurocurrency Rate Loan, in each case, as of (x) in the case of the Eurocurrency Rate based on clauses (a) and (c) of
the definition of “Eurocurrency Rate”, 11:00 a.m. (London time) or (y) in the case of the Eurocurrency Rate based on clause (b) of the definition of “Eurocurrency Rate”, 11:00 a.m. (Brussels time), two Business
Days prior to the first day of such Interest Period. When determining the rate for a period which is less than the shortest period for which the relevant Eurocurrency Rate is available, the applicable Eurocurrency Rate for purposes of clause
(a) above shall be deemed to be the Overnight Rate. 
 “Investment” means (a) any purchase or other
acquisition by the Borrowers or any of their Subsidiaries of, or of a beneficial interest in, any of the Securities of any other Person (other than the Borrowers or a Guarantor), (b) the acquisition by purchase or otherwise (other than purchases or
other acquisitions of inventory, materials, supplies and/or equipment in the ordinary course of business) of all or a substantial portion of the business, property or fixed assets of any Person or any division or line of business or other business
unit of any Person and (c) any loan, advance (other than (i) advances to current or former employees, officers, directors, members of management, managers, consultants or independent contractors of the Borrowers or their Subsidiaries or
any Parent Company for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business and (ii) advances made on an intercompany basis in the ordinary course of business for the purchase
of inventory) or capital contribution by the Borrowers or any of their Subsidiaries to any other Person (other than the Borrowers or any Guarantor). Subject to Section 6.10, 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, but giving effect to any repayments of principal in the case of Investments in the form of loans and any return of capital or return on Investment in the case of equity Investments (whether as a distribution, dividend, redemption or sale
but not in excess of the amount of the initial Investment). 
 “Investors” has the meaning assigned to such term in the
definition “Permitted Holders”. 
 “IPO” means any offering, including a Public Offering, of shares of common
stock or other common equity interests that are listed on an exchange or publicly offered (which shall include an offering pursuant to Rule 144A or Regulation S under the Securities Act to professional market investors or similar persons) pursuant
to which Net Proceeds of at least $50,000,000 are received by any Parent Company and contributed to Parent or any Subsidiary. 

“IPO Holdco” has the meaning specified in the definition “Public Offering”. 

“IP Rights” has the meaning assigned to such term in Section 5.05(b). 

  
 37 

 “ISP” means, with respect to any Letter of Credit, the “International
Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Issuer Documents” means, with respect to any Letter of Credit, the Letter of Credit Application, and any other document,
agreement and instrument entered into by the applicable L/C Issuer and the applicable Borrower or any Subsidiary or in favor of such L/C Issuer and relating to such Letter of Credit. 

“Joinder Agreement” has the meaning assigned to such term in Section 2.20. 

“Junior Indebtedness” means any Subordinated Indebtedness or Indebtedness secured by Liens that are expressly junior to the
Liens of the Collateral Trustee for the benefit of the Senior Secured Parties (as defined in the Intercreditor Agreement) with respect to the Collateral. 

“Latest Maturity Date” means, at any date of determination, the latest maturity or expiration date applicable to any Term
Loan Tranche or Revolving Tranche at such time under this Agreement (including the latest maturity date or expiration date of any Extended Revolving Credit Commitment or any Extended Term Loan, in each case as extended in accordance with this
Agreement from time to time). 
 “Laws” means, collectively, all applicable international, foreign, federal, provincial,
state and local laws, statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with
the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority. 

“L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s funding of its participation in any L/C
Borrowing in accordance with its Pro Rata Share. 
 “L/C Borrowing” means an extension of credit resulting from a drawing
under any Letter of Credit which has not been reimbursed by the Borrowers on the date required under Section 2.03(c)(i) or refinanced as a Revolving Credit Borrowing. 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the renewal or increase of the amount thereof. 
 “L/C Issuer” means any Lender reasonably acceptable to the
Borrower Representative and the Administrative Agent that agrees to issue Letters of Credit pursuant hereto, in its capacity as an issuer of Letters of Credit hereunder; provided that the Borrower Representative may elect to remove any L/C
Issuer as an L/C Issuer hereunder upon written notice to the Administrative Agent and such L/C Issuer (other than with respect to Letters of Credit issued on or prior to the date of such notice). 

“L/C Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding
Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.10. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule
3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lead Arrangers” means Credit Suisse Securities (USA) LLC, Barclays Bank PLC, Deutsche Bank AG and Jefferies Finance LLC in
their respective capacities as exclusive joint global coordinators and bookrunners. For the avoidance of doubt, Jefferies Finance LLC is only acting as Lead Arranger under this Agreement in respect of the Initial U.S. Borrower Dollar Term Loans and
the U.S. Revolving Credit Facility and not in respect of any of the other Facilities. 

  
 38 

 “Legal Requirements” shall mean, as to any person, the Organizational Documents
of such person, and any treaty, law (including the common law), statute, ordinance, code, rule, regulation, guidelines, license, permit requirement, Order or determination of an arbitrator or a court or other Governmental Authority, and the
interpretation or administration thereof, in each case applicable to or binding upon such person or any of its property or to which such person or any of its property is subject. 

“Lender” has the meaning assigned to such term in the introductory paragraph to this Agreement and, as the context requires,
includes each L/C Issuer and each Ancillary Lender. 
 “Lending Office” means, as to any Lender, the office or offices of
such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower Representative and the Administrative Agent. 

“Letter of Credit” means (a) any letter of credit issued hereunder (which may be a commercial letter of credit or a
standby letter of credit) and (b) any guarantee, indemnity or other instrument, in each case in a form requested by the Borrower Representative and agreed by the applicable L/C Issuer. Notwithstanding anything herein to the contrary, neither
Credit Suisse AG nor any of its branches or Affiliates shall be required to issue any commercial letters of credit or guarantee hereunder. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the
form from time to time in use by the applicable L/C Issuer, together with a request for L/C Credit Extension in a form customarily used by such L/C Issuer or in such other form as is reasonably acceptable to such L/C Issuer, substantially in form
and substance reasonably acceptable to the applicable L/C Issuer and Administrative Agent. 
 “Letter of Credit Expiration
Date” means, subject to Section 2.03(a)(i)(C), the day that is five Business Days prior to the scheduled Maturity Date then in effect for the applicable Revolving Tranche (or, if such day is not a Business Day, the next preceding
Business Day). 
 “Letter of Credit Sublimit” means a Euro Amount equal to €25,000,000. The Letter of Credit Sublimit
is part of, and not in addition to, the Revolving Credit Facility. 
 “Lien” means any mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention
agreement (including extended retention of title arrangements), any easement, right of way or other encumbrance on title to real property, and any Capital Lease having substantially the same economic effect as any of the foregoing), in each case, in
the nature of security; provided that in no event shall an operating lease in and of itself be deemed a Lien. 
 “Loan”
means an extension of credit by a Lender to a Borrower under Article II in the form of a Term Loan (solely with respect to extensions of credit made to the Term Borrowers) or a Revolving Credit Loan (solely with respect to extensions of
credit made to the relevant Revolving Borrowers). 
 “Loan Documents” means, collectively, (i) this Agreement,
(ii) the Notes, (iii) the Guarantee, (iv) the Collateral Documents, (v) each Letter of Credit Application, (vi) the Intercreditor Agreement and any other intercreditor agreement entered into in accordance with the terms of
this Agreement, (vi) any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of this Agreement, (vii) the Fee Letter, (viii) any Refinancing Amendment, (ix) any Ancillary Document and
(x) any other documents or instrument designated by the Borrower Representative and the Administrative Agent as a “Loan Document.” Any reference in this Agreement or any other Loan Document to a Loan Document shall include all
appendices, exhibits or schedules thereto, and all amendments, restatements, amendments and restatements, supplements or other modifications thereto. 

“Loan Guaranty” means the guaranty set forth in Article XII of this Agreement. 

“Loan Parties” means, collectively, the Borrowers and the Guarantors. 

  
 39 

 “Loan Party EBITDA” means, for any period for any Loan Party, the aggregate
(without double counting) earnings before interest, tax, depreciation and amortization attributable to such Loan Party for such period, calculated on the same basis as Consolidated Adjusted EBITDA, but on an unconsolidated basis, and excluding all
intra-group items and investments in such Loan Party’s Subsidiaries. 
 “Local Facilities” means any advance made by a
Lender or an Affiliated Lender under a bilateral local loan agreement as described under Section 2.22. 
 “Local Facilities
Guarantee” has the meaning assigned to such term in Section 2.19. 
 “Local Facilities Guarantee
Amount” has the meaning assigned to such term in Section 2.19. 
 “London Banking Day”
means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank market. 

“Luxembourg” means the Grand Duchy of Luxembourg. 

“Luxembourg Companies Register” means the Luxembourg Register of Commerce and Companies. 

“Luxembourg Guarantor” means any Guarantor whose registered office is in Luxembourg. 

“Luxembourg Loan Party” means the Parent and any Loan Party whose registered office or place of central administration is in
Luxembourg. 
 “Luxembourg Security Documents” means (i) the Luxembourg law account pledge agreement made between the
Parent as pledgor and the Collateral Trustee relating to the bank accounts of the Parent held with account banks in Luxembourg, (ii) the Luxembourg law receivables pledge agreement made between the Parent as pledgor and the Collateral Trustee
relating to certain receivables owed to the Parent and governed by Luxembourg law, (iii) the Luxembourg law account pledge agreement made between Kleopatra Lux 2 S.à r.l as pledgor and the Collateral Trustee relating to the bank accounts
of Kleopatra Lux 2 S.à r.l held with account banks in Luxembourg, (iv) the Luxembourg law receivables pledge agreement made between Kleopatra Lux 2 S.à r.l as pledgor and the Collateral Trustee relating to certain receivables owed
to Kleopatra Lux 2 S.à r.l and governed by Luxembourg law and (v) the Luxembourg law share and ISPECs pledge agreement among Parent as pledgor, Kleopatra Lux 2 S.à r.l and the Collateral Trustee relating to the shares of, and any
ISPECs issued by, Kleopatra Lux 2 S.à r.l. 
 “Majority Lenders” means, with respect to any Tranche, those Non-Defaulting Lenders having Loans or Commitments in respect of such Tranche and which would constitute the Required Lenders under, and as defined in, this Agreement if all outstanding Obligations of the other
Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated. 
 “Management
Determination” has the meaning assigned to such term in Section 12.10(f)(i). 
 “Material Adverse Effect”
means (a) a material adverse effect on the business, assets, property, liabilities (actual or contingent), financial condition or results of operations of the Restricted Group, taken as a whole, (b) a material adverse effect on the ability
of the Loan Parties (taken as a whole) to perform their respective obligations under the Loan Documents or (c) a material adverse effect on the rights and remedies of the Agents or the Lenders under the Loan Documents. 

“Material Non-Public Information” means information which is (i) material with
respect to Parent or any of its Subsidiaries, or any of the securities of any of the foregoing, for purposes of applicable foreign, U.S. federal and state securities laws and (ii) not publicly available. 

“Material Subsidiary” means, at any time each Subsidiary of Parent that is not an Immaterial Subsidiary (but including, in
any case, any Subsidiary that has been designated as a Material Subsidiary as provided in, or has been designated as an Immaterial Subsidiary in a manner that does not comply with, the definition of “Immaterial Subsidiary”). 

  
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 “Maturity Date” means: (a) with respect to the Revolving Credit Facility,
the earlier of (i) the date that is four years and nine months after the Closing Date, which date is January 28, 2020 (the “Original Revolving Maturity Date”) and (ii) the date of termination in whole of the Revolving
Credit Commitments and the Letter of Credit Commitments pursuant to Section 2.06(a) or 8.02; and (b) with respect to the Initial Term Loans, the earliest of (i) the date that is five years after the Closing Date, which date
is April 28, 2020 (the “Original Term Maturity Date”), (ii) the date of termination in whole of the Initial Term Commitments pursuant to Section 2.06(a) prior to any Initial Term Borrowing and (iii) the date that
the Initial Term Loans are declared due and payable pursuant to Section 8.02; provided that the reference to Maturity Date with respect to (i) Term Loans and Revolving Credit Commitments that are the subject of
a loan modification offer pursuant to Section 10.02, (ii) Term Loans and Revolving Credit Commitments that are incurred pursuant to Sections 2.14 or 2.18 and (iii) Extended Term Loans and Extended
Revolving Credit Commitments, shall, in each case, be the final maturity date as specified in the loan modification documentation, incremental documentation, specified refinancing documentation or Extension Offer, as applicable thereto. 

“Maximum Amount” has the meaning assigned to such term in Section 12.12(a). 

“Maximum Liability” has the meaning assigned to such term in Section 12.09. 

“Maximum Rate” has the meaning assigned to such term in Section 10.19. 

“Minimum Extension Condition” has the meaning assigned to such term in Section 2.15(b). 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Multiemployer Plan” means any employee benefit plan which is a “multiemployer plan” as defined in Section
4001(a)(3) of ERISA, to which any Loan Party or any of its Subsidiaries, or any of their respective ERISA Affiliates, makes or is obligated to make contributions and with respect to which any of them has an ongoing obligation. 

“Narrative Report” means, with respect to the financial statements for which such narrative report is required, a narrative
report describing the operations of the Borrowers and their Subsidiaries for the applicable Fiscal Quarter or Fiscal Year and for the period from the beginning of the then current Fiscal Year to the end of such period to which such financial
statements relate. 
 “Net Assets” has the meaning assigned to such term in Section 12.10(a). 

“Net Insurance/Condemnation Proceeds” means an amount equal to: (a) any Cash payments or proceeds (including Cash
Equivalents) received by the Borrowers or any of their Subsidiaries (x) under any casualty insurance policy in respect of a covered loss thereunder of any assets of the Borrowers or any of their Subsidiaries or (y) as a result of the
taking of any assets of the Borrowers or any of their Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a
taking, minus (b) (i) any actual out-of-pocket costs incurred by the Borrowers or any of their Subsidiaries in connection with the adjustment, settlement or
collection of any claims the Borrowers or any of their Subsidiaries in respect thereof, (ii) the payment of the outstanding principal amount of, premium or penalty, if any, and interest and other amounts on any Indebtedness (other than the
Loans or any other Indebtedness (except for Indebtedness permitted pursuant to Section 7.01(l))) secured by a Lien on the assets in question that is pari passu or junior to the Lien on the Collateral securing the Secured Obligations)
that is secured by a Lien on the assets in question and that is required to be repaid (or otherwise comes due or would be in default, in each case, pursuant to the terms thereof as a result of such loss, taking or sale and is repaid) under the terms
thereof as a result of such loss, taking or sale, (iii) [reserved], (iv) in the case of a taking, the reasonable out-of-pocket costs of putting any affected property in
a safe and secure position, (v) any selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, transfer and
similar Taxes and the Borrower 

  
 41 

 
Representative’s good faith estimate of income Taxes paid or payable (including pursuant to Tax sharing arrangements in connection with such sale)) in connection with any sale of such assets
as referred to in clause (a)(y) of this definition and (vi) any amounts provided as a reserve, in accordance with IFRS, against any liabilities under any indemnification obligations or purchase price adjustments associated with any sale
or taking of such assets as referred to in clause (a)(y) of this definition (provided that to the extent and at the time any such amounts are released from such reserve, such amounts shall constitute Net Insurance/Condemnation
Proceeds). 
 “Net Proceeds” means (a) with respect to any Disposition (including any Prepayment Asset Sale), the Cash
proceeds thereof (including Cash Equivalents and Cash proceeds subsequently received (as and when received) in respect of non-Cash consideration initially received), net of (i) selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, transfer and similar Taxes and the Borrower Representative’s good faith
estimate of income Taxes paid or payable (including pursuant to Tax sharing arrangements) in connection with such sale), (ii) amounts provided as a reserve, in accordance with IFRS, against any liabilities under any indemnification obligations or
purchase price adjustment associated with such Disposition (provided that to the extent and at the time any such amounts are released from such reserve, such amounts shall constitute Net Proceeds), (iii) the principal amount, premium or
penalty, if any, interest and other amounts on any Indebtedness (other than the Loans or any other Indebtedness (except for Indebtedness permitted pursuant to Section 7.01(l))) secured by a Lien on the assets in question that is pari
passu or junior to the Lien on the Collateral securing the Secured Obligations) which is secured by the asset sold in such Disposition and which is required to be repaid or otherwise comes due or would be in default, in each case, pursuant to
the terms thereof as a result of such Disposition and is repaid (other than any such Indebtedness assumed by the purchaser of such asset), and (iv) Cash escrows (until released from escrow to the Borrower Representative or any of its
Subsidiaries) from the sale price for such Disposition; and (b) with respect to any issuance or incurrence of Indebtedness or Capital Stock, the Cash proceeds thereof, net of all Taxes and customary fees, commissions, costs, underwriting
discounts and other fees and expenses incurred in connection therewith. 
 “Non-U.S. Lender
Party” means each Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is not a United States person as defined in Section 7701(a)(30) of the Code. 

“Non-Consenting Lender” has the meaning assigned to such term in Section
3.08(c). 
 “Non-Debt Fund Affiliate” means the Sponsor and any Affiliate of the Sponsor other than any Debt Fund
Affiliate, Parent or any Subsidiary of Parent. 
 “Non-Defaulting Lender” means, at
any time, any Lender other than a Defaulting Lender. 
 “Non-Paying Guarantor” has
the meaning assigned to such term in Section 12.11. 
 “Note” means a Term Note or a Revolving
Credit Note, as the context may require. 
 “Obligated Party” has the meaning assigned to such term in
Section 12.02. 
 “Obligations” means all advances to, and debts, liabilities, obligations,
covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to
become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents include (x) the obligation to pay principal,
interest, Letter of Credit commissions, charges, expenses, fees, indemnities and other amounts payable by any Loan Party under any Loan Document and (y) the obligation of any Loan Party to reimburse any amount in respect of any of the foregoing
that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party; provided that for the avoidance of doubt, the “Obligations” shall not include any Excluded Swap Obligations. 

  
 42 

 “OFAC” means the Office of Foreign Assets Control of the United States Treasury
Department. 
 “Organizational Documents” means (a) with respect to any corporation, the certificate or articles of
incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction), (b) with respect to any limited liability company, the certificate or articles of
formation or organization, articles of association and operating or limited liability company agreement (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction), (c) with
respect to any Loan Party established under the laws of Germany, solely its articles of association (Satzung or Gesellschaftsvertrag, as applicable) and, if applicable, any by-laws
(Geschäftsordnung) of its supervisory or advisory board, (d) with respect to any Loan Party established under the laws of Switzerland, solely its articles of association (Statuten) and a certified excerpt of the commercial
register (Handelsregisterauszug) in relation to such Loan Party and (e) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture, trust or other applicable agreement of
formation or organization, articles of association and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its
formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 
 “Original
Guarantor” means Parent and each Subsidiary of Parent listed on Schedule 1.01(d) hereto. 
 “Original Revolving
Maturity Date” has the meaning assigned to such term in the definition of “Maturity Date”. 
 “Original Term
Maturity Date” has the meaning assigned to such term in the definition of “Maturity Date”. 
 “Other
L/C” has the meaning assigned to such term in Section 2.03(b)(v). 
 “Other Connection Taxes” means Taxes
imposed on any Recipient as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having executed, delivered, become a party to, performed
its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to and/or enforced any Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, excise, filing or similar Taxes
that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes
that are imposed with respect to an assignment (other than an assignment made pursuant to Section 3.08). 

“Outstanding Amount” means: (a) with respect to the Term Loans and Revolving Credit Loans on any date, the aggregate
outstanding principal Dollar Amount or Euro Amount, as applicable, thereof after giving effect to any borrowings and prepayments or repayments of the Term Loans and Revolving Credit Loans (including any refinancing of outstanding unpaid drawings
under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing and any Ancillary Outstandings), as the case may be, occurring on such date; and (b) with respect to any L/C Obligations with respect to any Revolving Tranche on
any date, the Dollar Amount or Euro Amount, as applicable, of such L/C Obligations on such date after giving effect to any L/C Credit Extension with respect to such Revolving Tranche occurring on such date and any other changes in the aggregate
amount of the L/C Obligations with respect to such Revolving Tranche as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit (including any refinancing of outstanding unpaid drawings
under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing under such Revolving Tranche) or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date. 

“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the Federal Funds Rate and
(b) with respect to any amount denominated in Euros or an Alternative Currency, the rate of interest per annum at which overnight deposits in such currency, in an amount approximately equal to the amount with respect to which such rate is being
determined, would be offered for such day by a branch or Affiliate of the Administrative Agent in the applicable offshore interbank market for such currency to major banks in such interbank market. 

  
 43 

 “Parent” has the meaning assigned to such term in the introductory paragraph to
this Agreement. 
 “Parent Company” means (a) Parent (and, solely with respect to Section 7.04 (and any related
definitions) any direct or indirect parent company of Parent (which may be organized as, among other things, a Luxembourg limited liability company)), (b) Holdings, (c) Intermediate German Holdings, (d) Intermediate KPA Holdings,
(e) any Qualified Intermediate Holding Company, (f) any other Person of which any Borrower is a direct or indirect Wholly-Owned Subsidiary, but excluding any holder of publicly issued shares of Parent and (g) any general partner or
manager of any of the preceding entities in clauses (a) through (f). 
 “Participant” has the meaning
assigned to such term in Section 10.05(c)(i). 
 “Participant Register” has the meaning assigned to such term in
Section 10.05(c)(ii). 
 “Participating Member State” means each state so described in any EMU Legislation. 

“Party” means a party to this Agreement. 

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Plan” means any employee pension benefit plan, as defined in Section 3(2) of ERISA (other than a Multiemployer
Plan), subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrowers or any of their Subsidiaries, or any of their respective ERISA Affiliates, is (or, if such plan
were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Permitted Acquisition” means any acquisition by any Borrower or any of its Subsidiaries, whether by purchase, merger,
amalgamation or otherwise, of all or substantially all of the assets of or any business line, unit, or division or any plant of, any Person or of at least a majority of the outstanding Capital Stock of any Person (but in any event including any
Investment in a Subsidiary which serves to increase such Borrower’s or any Subsidiary’s respective equity ownership in such Subsidiary); provided that on the date of execution of the purchase agreement in respect of such
acquisition, no Event of Default shall have occurred and be continuing or would result from the execution of such agreement. 

“Permitted Factoring Arrangement” means any transaction or series of transactions entered into by any Borrower or any
Subsidiary pursuant to which any Borrower or such Subsidiary sells, conveys, assigns or otherwise transfers Factoring Assets to a Qualified Factoring Agent; provided that such transaction is on customary market terms as determined in good faith by
the board of directors or board of managers, as applicable, of the applicable Loan Party, including but not limited to (i) a non-recourse factoring arrangement between Klöckner Pentaplast Europe
GmbH & Co KG and GE Capital Factoring GmbH as it may be extended, amended, restated from time to time in the form of a Permitted Factoring Arrangement; (ii) a non-recourse factoring arrangement
between GE Capital Bank AG and Klöckner Pentaplast Schweiz AG as it may be extended, amended, restated from time to time in the form of a Permitted Factoring Arrangement and (iii) the U.S. Receivables Purchase Facility as it may be
extended, amended, restated from time to time in the form of a Permitted Factoring Arrangement. 
 “Permitted Holders”
means (i) Strategic Value Partners LLC, a limited liability company incorporated in Delaware (together with its respective affiliates and funds managed or advised by it or its affiliates, the “Sponsor”), (ii) Perella Weinberg
Partners, (iii) UBS AG, London Branch and (iv) and other investors disclosed to the Administrative Agent prior to the Closing Date, which may include members of management of the Borrowers and their subsidiaries (together with the Sponsor,
Perella Weinberg Partners and UBS AG, London Branch, the “Investors”). 
 “Permitted Liens” means Liens
permitted pursuant to Section 7.02. 

  
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 “Permitted Securitization” means a Securitization that complies with the
following criteria: (i) the Securitization (including financing terms, covenants, termination events and other provisions) is in the aggregate fair and reasonable to the Borrowers and their Subsidiaries (other than the Securitization
Subsidiary), on the one hand, and the related Securitization Subsidiary, on the other hand, (ii) the Securitization, including the sale of the Securitization Assets and/or the incurrence of Indebtedness in connection therewith, is effected on
market terms, taking into account the applicable Securitization market for assets similar to the respective Securitization Assets and the structure implemented for such Securitization (as determined in good faith by the Parent), and
(iii) subject to the Guarantee and Security Principles, the Securitization Seller’s Retained Interest and all proceeds thereof shall constitute Collateral hereunder and all necessary steps to perfect a security interest in favor of the
Collateral Trustee in such Securitization Seller’s Retained Interest are taken by the applicable Borrower or Subsidiary. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Platform” has the meaning assigned to such term in Section
6.01(l). 
 “Pledge Agreement” means that certain Pledge Agreement dated as of the Closing Date to be entered into by
and among KP International Holding GmbH, as grantor, and the Collateral Trustee, together with each other security agreement and security agreement supplement executed and delivered pursuant to Section 6.12. 

“Prepayment Amount” has the meaning assigned to such term in Section 2.05(c). 

“Prepayment Asset Sale” means any Disposition by the Borrowers or their Subsidiaries made pursuant to Section 7.07(h),
7.07(j), 7.07(o), 7.07(q), 7.07(r) or 7.07(s). 
 “Prepayment Date” has the meaning
assigned to such term in Section 2.05(c). 
 “Prime Rate” means the rate of interest per annum determined from time
to time by Credit Suisse AG as its prime rate in effect at its principal office in New York City and notified to the Borrower Representative. The prime rate is a rate set by Credit Suisse AG based upon various factors including Credit Suisse
AG’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such rate. 

“Pro Forma Basis” or “pro forma effect” means with respect to any determination of the Total Net Leverage
Ratio, the First Lien Net Leverage Ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets (including, in each case, component definitions thereof) that all specified transactions and the following transactions in connection therewith shall
be deemed to have occurred as of the first day of the applicable Test Period (or, in the case of Consolidated Total Assets, as of the last day of such Test Period) with respect to any test or covenant for which such calculation is being made:
(a) income statement items (whether positive or negative) attributable to the property or Person subject to such specified transaction, (i) in the case of a Disposition of all or substantially all of the Capital Stock of any Subsidiary of
any Borrower or any business line, unit or division of any Borrower or any of its Subsidiaries or any designation of a subsidiary as an Unrestricted Subsidiary, shall be excluded, and (ii) in the case of a Permitted Acquisition, Investment or
designation of an Unrestricted Subsidiary as a Subsidiary shall be included, (b) any retirement or repayment of Indebtedness (other than normal fluctuations in revolving Indebtedness incurred for working capital purposes), (c) any Indebtedness
incurred by any Borrower or any of its Subsidiaries in connection therewith; provided that, (x) if such Indebtedness has a floating or formula rate, such Indebtedness shall have an implied rate of interest for the applicable period for
purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness at the relevant date of determination (taking into account any interest hedging arrangements applicable to such
Indebtedness), (y) interest on any obligations with respect to Capital Leases shall be deemed to accrue at an interest rate reasonably determined by a Responsible Officer of such Borrower to be the rate of interest implicit in such obligation in
accordance with IFRS and (z) interest on any Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a Eurocurrency interbank offered rate or other rate shall be determined to have been
based upon the rate actually chosen, or if none, then based upon such optional rate chosen as such Borrower or such Subsidiary may designate and (d) the acquisition of any assets included in calculating Consolidated Total Assets, whether
pursuant to any specified transaction or any Person becoming a subsidiary or merging, amalgamating or consolidating with or 

  
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into any Borrower or any of its subsidiaries or the Disposition of any business line, unit or division included in calculating Consolidated Total Assets; provided that, the foregoing pro
forma adjustments described in clause (a) above may be applied to any such test or covenant solely to the extent that such adjustments are consistent with the definition of “Consolidated Adjusted EBITDA” and give effect to
events (including operating expense reductions) that are (x) directly attributable to such transaction, (y) expected to have a continuing impact on the Borrowers and their subsidiaries and (z) factually supportable. 

“Projections” means the projections of the Borrowers and the Subsidiaries included in the Information Memorandum (or a
supplement thereto). 
 “Pro Rata Share” means, with respect to each Lender and any Facility or all the Facilities or any
Tranche or all the Tranches (as the case may be) at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place, and subject to adjustment as provided in Section 2.17), the numerator of which is
the amount of the Commitments of such Lender under the applicable Facility or the Facilities or Tranche or Tranches (and, in the case of any Term Loan Tranche after the applicable borrowing date and without duplication, the outstanding principal
amount of Term Loans under such Tranche, of such Lender, at such time) at such time and the denominator of which is the amount of the Aggregate Commitments under the applicable Facility or the Facilities or Tranche or Tranches at such time (and, in
the case of any Term Loan Tranche and without duplication, the outstanding principal amount of Term Loans under such Tranche, at such time); provided that if the commitment of each Lender to make Loans and the obligation of each L/C Issuer to
make L/C Credit Extensions have been terminated pursuant to Section 8.02, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after
giving effect to any subsequent assignments made pursuant to the terms hereof. The initial Pro Rata Share of each Lender as of the Closing Date is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender became a party hereto, as applicable. 
 “Public Market” means any time after: (1) an
Equity Offering has been consummated; and (2) shares of common stock or other common equity interests of the IPO Holdco having a market value in excess of $50,000,000 on the date of such Equity Offering have been distributed pursuant to such
Equity Offering. 
 “Public Offering” means an Equity Offering of common stock or other common equity interests of Holdings
or any Parent Entity or any successor of Holdings or any Parent Entity (the “IPO Holdco”) following which there is a Public Market and, as a result of which, the shares of common stock or other common equity interests of the IPO
Holdco in such offering are listed on an internationally recognized exchange or traded on an internationally recognized market. 

“Purchase” has the meaning assigned to such term in the definition of “Dutch Auction”. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding
$10,000,000 at the time the relevant guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity
Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 “Qualified Capital Stock” of any Person means any Capital Stock of such Person that is not Disqualified Capital Stock.

 “Qualified Factoring Agent” means a bank, financial institution or other third party which provides financing pursuant
to transactions similar to the type described in the definition of “Permitted Factoring Arrangement” in the ordinary course of its business, including (1) GE Capital Bank AG, GE Capital Factoring GmbH and their respective Affiliates
and (2) General Electric Capital Corporation and its Affiliates. 
 “Qualified Holding Company Debt” means unsecured
Indebtedness of any Parent Company (A) that is not subject to any Guarantee by any subsidiary of any Parent Company, (B) that will not mature prior to the date that is 

  
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six (6) months after the Latest Maturity Date in effect on the date of the issuance or incurrence thereof, (C) that has no scheduled amortization or scheduled payments of principal
prior to the date that is six (6) months after the Latest Maturity Date in effect on the date of the issuance or incurrence thereof and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (it being
understood that such Indebtedness may have mandatory prepayment, repurchase or redemption provisions satisfying the requirements of clause (D) below) and (D) that has mandatory prepayment, repurchase or redemption, covenant, default
and remedy provisions customary for senior discount notes of an issuer that is the parent of a borrower under senior secured credit facilities; provided that the Borrower Representative shall have delivered a certificate of a
Responsible Officer to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the
documentation relating thereto, stating that the Borrower Representative has reasonably determined in good faith that such terms and conditions satisfy the foregoing requirement (and such certificate shall be conclusive evidence that such terms and
conditions satisfy the foregoing requirement unless the Administrative Agent notifies the Borrower Representative within such five Business Day period that it disagrees with such determination (including a reasonably detailed description of the
basis upon which it disagrees)); provided, further, that any such Indebtedness shall constitute Qualified Holding Company Debt only if immediately after giving effect to the issuance or incurrence thereof and the use of proceeds
thereof, no Event of Default shall have occurred and be continuing. 
 “Qualified Intermediate Holding Company” means a
Wholly-Owned Subsidiary of Parent (a) subject to the Guaranty and Security Principles, all of the Equity Interests of which have been pledged by Parent as Collateral and (b) that (i) is organized in either Luxembourg or Germany,
(ii) is a Guarantor, (iii) directly owns 100.0% of Holdings, and (iv) subject to the Guaranty and Security Principles, has granted a Lien on substantially all of its assets as Collateral, including a pledge of all of the Equity
Interests of Holdings and all of its intercompany receivables; provided, that the Guaranty and Security Principles shall not prevent (i) the pledge by Parent of the Equity Interests of the Qualified Intermediate Holding Company as
Collateral, (ii) the Qualified Intermediate Holding Company from providing a Loan Guaranty, and (iii) the Qualified Intermediate Holding Company from pledging the Equity Interests of Holdings and its intercompany receivables as Collateral.

 “Qualifying Bid” has the meaning assigned to such term in the definition of “Dutch Auction”. 

“Qualifying Bids” has the meaning assigned to such term in the definition of “Dutch Auction”. 

“Real Estate Asset” means all right, title and interest of any Loan Party in and to any real property and the improvements
and fixtures thereon. 
 “Receiving Party” has the meaning assigned to such term in Section 3.01(h)(iv). 

“Recipient” means the Administrative Agent, any Lender and any L/C Issuer, or any other recipient of any payment to be made
by or on account of any obligation of any Loan Party hereunder or under any other Loan Document, as applicable. 
 “Refinancing
Amendment” means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrowers, the Administrative Agent and the Lenders providing Specified Refinancing Debt, effecting the
incurrence of such Specified Refinancing Debt in accordance with Section 2.18. 
 “Refinancing
Notes” means one or more series of (1) senior secured notes secured by the Collateral on a first lien “equal and ratable” basis with the Liens securing the Obligations issued by the Borrowers or (2) senior unsecured
notes or senior secured notes secured by the Collateral on a “junior” basis with the Liens securing the Obligations issued by the Borrowers, in each case, in respect of a refinancing of outstanding Indebtedness of the Term Borrowers under
any one or more Term Loan Tranches with the consent of the Administrative Agent (not to be unreasonably withheld, conditioned or delayed); provided that, (a) if such Refinancing Notes shall be secured, then such Refinancing Notes shall
only be secured by a security interest in the Collateral that secured the Term Loan Tranche being refinanced; (b) such Refinancing Notes shall be issued subject to customary intercreditor arrangements that are reasonably satisfactory to the
Administrative Agent (it being understood that, if such Refinancing Notes are senior unsecured notes, the form of Intercreditor Agreement is satisfactory to the 

  
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Administrative Agent); (c) no Refinancing Notes shall (i) mature prior to the date that is 91 days after the Latest Maturity Date with respect to Term Loans then in effect immediately after
giving effect to such refinancing or (ii) be subject to any amortization prior to the final maturity thereof, or be subject to any mandatory redemption or prepayment provisions or rights (except customary asset sale or change of control
provisions); (d) the covenants, events of default, guarantees, collateral and other terms of such Refinancing Notes are customary for similar debt securities in light of then-prevailing market conditions at the time of issuance (it being understood
that no Refinancing Notes shall include any financial maintenance covenants (including indirectly by way of a cross-default to this Agreement), but that customary cross-acceleration provisions may be included and that any negative covenants with
respect to indebtedness, investments, liens or restricted payments shall be incurrence-based) and in any event are not more restrictive, when taken as a whole, to the Restricted Group than those set forth in this Agreement (other than with respect
to interest rate, prepayment premiums and redemption provisions), except for covenants or other provisions applicable only to periods after the Latest Maturity Date then in effect immediately after giving effect to such refinancing (provided
that a certificate of a Responsible Officer of the Borrower Representative delivered to the Administrative Agent in good faith at least five Business Days prior to the incurrence of such Refinancing Notes, together with a reasonably detailed
description of the material terms and conditions of such Refinancing Notes or drafts of the documentation relating thereto, stating that the Borrower Representative has determined in good faith that such terms and conditions satisfy the requirements
set forth in this clause (d), shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Administrative Agent provides notice to the Borrower Representative of its objection during such five Business Day
period (including a reasonable description of the basis upon which it objects)); (e) such Refinancing Notes may not have guarantees or Liens that are more extensive than those which applied to the Indebtedness being refinanced; and (f) the Net
Cash Proceeds of such Refinancing Notes shall be applied, substantially concurrently with the incurrence thereof, to the pro rata prepayment of outstanding Term Loans under the applicable Term Loan Tranche being so refinanced. 

“Register” has the meaning assigned to such term in Section 10.05(b)(iv). 

“Regulation S-X” means Regulation S-X under
the Securities Act. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners,
members, directors, managers, officers, employees, agents, attorneys-in-fact, trustees and advisors of such Person and of such Person’s Affiliates. 

“Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge,
dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including
the movement of any Hazardous Material through the air, soil, surface water or groundwater. 
 “Relevant Entity” has the
meaning assigned to such term in Section 2.08(e). 
 “Relevant Party” has the meaning assigned to such term in
Section 3.01(h)(iv). 
 “Relevant Transaction” has the meaning assigned to such term in Section 2.05(b)(ii).

 “Replaceable Lender” has the meaning assigned to such term in Section 3.08(a). 

“Replaced Revolving Facility” has the meaning assigned to such term in Section 10.02(d). 

“Replaced Term Loans” has the meaning assigned to such term in Section 10.02(d). 

“Replacement Revolving Facility” has the meaning assigned to such term in Section 10.02(d). 

“Replacement Term Loans” has the meaning assigned to such term in Section 10.02(d). 

  
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 “Reply Amount” has the meaning assigned to such term in the definition of
“Dutch Auction”. 
 “Reply Price” has the meaning assigned to such term in the definition of “Dutch
Auction”. 
 “Repricing Transaction” means each of (a) the prepayment, repayment, refinancing, substitution or
replacement of all or a portion of the Term Loans substantially concurrently with the incurrence by any Loan Party of any term loans (including any Replacement Term Loans or Specified Refinancing Term Loans) having an effective interest cost or
weighted average yield (with the comparative determinations to be made by the Administrative Agent in a manner consistent with generally accepted financial practices, and in any event consistent with the second proviso to Section 2.14(a)(iv))
that is less than the effective interest cost or weighted average yield (as determined by the Administrative Agent on the same basis) applicable to such Term Loans so prepaid, repaid, refinanced, substituted or replaced and (b) any amendment,
waiver or other modification to this Agreement that would have the effect of reducing the effective interest cost of, or weighted average yield (to be determined by the Administrative Agent on the same basis as set forth in preceding clause
(a)) of, the Term Loans; provided that the primary purpose of such prepayment, repayment, refinancing, substitution, replacement, amendment, waiver or other modification was to reduce the effective interest cost or weighted average yield
of the Term Loans. Any such determination by the Administrative Agent as contemplated by preceding clauses (a) and (b) shall be conclusive and binding on all Lenders, and the Administrative Agent shall have no liability to any
Person with respect to such determination absent bad faith, gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final, non-appealable decision). 

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a Committed
Loan Notice, and (b) with respect to an L/C Credit Extension, a Letter of Credit Application. 
 “Required Lenders”
means, as of any date of determination, Lenders having more than 50.0% of the sum of the (a) Total Outstandings (with the aggregate Euro Amount of each Lender’s risk participation and funded participation in L/C Obligations being deemed
“held” by such Lender for purposes of this definition), (b) aggregate unused Term Commitments and (c) aggregate unused Revolving Credit Commitments; provided that the unused Term Commitments of, unused Revolving Credit
Commitment of, and the portion of the Total Outstandings held or deemed held by, (x) any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders and (y) any Affiliate Lenders (other than Debt Fund
Affiliates) shall be deemed to have voted in the same proportion as Lenders that are not Affiliate Lenders vote on such matter. 

“Required Revolving Lenders” means, as of any date of determination, Revolving Credit Lenders holding more than 50.0% of the
sum of the Euro Amount of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such
Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or
deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders. 

“Requirements of Law” means, with respect to any Person, collectively, the common law and all federal, state, local, foreign,
multinational or international laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments, writs, injunctions, decrees (including administrative or judicial precedents or authorities) and the
interpretation or administration thereof by, and other determinations, directives, requirements or requests of any Governmental Authority, in each case whether or not having the force of law and that are applicable to or binding upon such Person or
any of its property or to which such Person or any of its property is subject. 
 “Responsible Officer” means the chief
executive officer, manager, president, vice president, executive vice president, chief financial officer, treasurer or assistant treasurer, manager (gérant), director (Geschäftsführer or administrateur), any
authorized signatory appointed by the board of directors (conseil d’administration) or board of managers (conseil de gérance), proxy holder (Prokurist), secretary or assistant secretary or other similar officer of a
Loan Party or, if applicable, of the general partner of such Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

  
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 “Restricted Debt” has the meaning set forth in Section 7.04(b). 

“Restricted Debt Payment” has the meaning set forth in Section 7.04(b). 

“Restricted Group” means Parent, Holdings, Intermediate German Holdings, Intermediate KPA Holdings, the Borrowers, and their
respective Subsidiaries. 
 “Restricted Payment” means any dividend or other distribution (whether in cash, securities or
other property) with respect to any Equity Interest of any Person, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance,
acquisition, cancellation or termination of any such Equity Interest, or on account of any return of capital to such Person’s stockholders, partners or members (or the equivalent Persons thereof). 

“Revaluation Date” means: 

(a)    with respect to any Revolving Credit Loan denominated in Dollars, Euros, Sterling or an Alternative Currency, each
of the following: (i) each date of a Borrowing of such Revolving Credit Loan, (ii) each date of a continuation of such Revolving Credit Loan pursuant to the terms of this Agreement, (iii) the date of any voluntary reduction of a
Revolving Credit Commitment pursuant to this Agreement and (iv) the last day of each Fiscal Quarter of Parent; 

(b)    with respect to any Letter of Credit denominated in Dollars, Euros, Sterling or an Alternative Currency, each of
the following: (i) each date of such L/C Credit Extension, (ii) each date of any amendment of such Letter of Credit that would have the effect of increasing the face amount thereof and (iii) the last day of each Fiscal Quarter of
Parent; 
 (c)    with respect to any bank guarantee denominated in Dollars, Euros, Sterling or an Alternative Currency,
each of the following: (i) each date of issuance of such bank guarantee, (ii) each date of any amendment of such bank guarantee that would have the effect of increasing the stated amount thereof and (iii) the last day of each Fiscal
Quarter of Parent; and 
 (d)    with respect to any Ancillary Facility denominated in Dollars, Euros, Sterling or an
Alternative Currency, each of the following: (i) each Ancillary Commencement Date, (ii) each date of any amendment thereto that would have the effect of increasing the Ancillary Commitment thereunder and (iii) the last day of each
Fiscal Quarter of Parent. 
 “Revolving Borrowers” means the German Borrowers, the U.S. Borrower and any Designated
Revolving Borrower; provided that in respect of an Ancillary Facility only, any Affiliate of a Borrower that becomes a borrower of that Ancillary Facility pursuant to Section 2.19 shall also be considered a
“Revolving Borrower”. 
 “Revolving Credit Borrowing” means a borrowing of any Tranche of any Revolving Credit
Facility consisting of simultaneous Revolving Credit Loans of the same Type and currency and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(c).

 “Revolving Credit Commitment” means the U.S. Revolving Credit Commitments and/or the Worldwide Revolving Credit
Commitments, as the context may require. The aggregate Revolving Credit Commitments of all Revolving Credit Lenders shall be €100,000,000 on the Closing Date, as such amount may be adjusted from time to time in accordance with the terms of this
Agreement (including pursuant to Section 2.19). 
 “Revolving Credit Facility” means the U.S. Revolving Credit
Facility and/or the Worldwide Revolving Credit Facility, as the context may require. 

  
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 “Revolving Credit Lender” means a U.S. Revolving Credit Lender and/or a
Worldwide Revolving Credit Lender, as the context may require. 
 “Revolving Credit Loan” means each of the U.S. Revolving
Credit Loan and Worldwide Revolving Credit Loan. 
 “Revolving Credit Note” means a promissory note of the Revolving
Borrowers payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C hereto, evidencing the aggregate indebtedness of the Revolving Borrowers to such Revolving Credit Lender resulting from the
Revolving Credit Loans made by such Revolving Credit Lender. 
 “Revolving Facility Fees” means the U.S. Revolving Facility
Fees and the Worldwide Revolving Facility Fees. 
 “Revolving Facility Utilisation” means a Revolving Credit Loan or a
Letter of Credit. 
 “Revolving Tranche” means (a) the Revolving Credit Facility, (b) any Extended Revolving
Credit Commitments, and (c) any commitments with respect to Incremental Revolving Facilities (other than any Incremental Revolving Facility in the form of an increase to the Commitments under the Revolving Credit Facility), in each case,
including the extensions of credit made thereunder. 
 “S&P” means Standard & Poor’s Financial Services
LLC, a wholly owned subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto. 
 “Sale and Lease-Back
Transactions” has the meaning assigned to such term in Section 7.08. 
 “Same Day Funds”
means disbursements and payments in immediately available funds. 
 “Sanctioned Country” means, at any time, a country or
territory which is the subject of Sanctions Laws and Regulations or EU Sanctions Laws and Regulations. 
 “Sanctioned
Person” has the meaning assigned to such term in Section 5.16(a). 
 “Sanctions Laws and Regulations” means
(i) any sanctions or requirements imposed by, or based upon the obligations or authorities set forth in, the USA PATRIOT Act; Executive Order No. 13224 of September 23, 2001, entitled Blocking Property and Prohibiting Transactions
With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)); the U.S. International Emergency Economic Powers Act (50 U.S.C. §§ 1701 et seq.); the U.S. Trading with the Enemy Act (50 U.S.C. App.
§§ 1 et seq.); the U.S. Syria Accountability and Lebanese Sovereignty Act; the U.S. Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010; the Iran Sanctions Act; the Iran Threat Reduction and Syria Human Rights
Act; the National Defense Authorization Act for Fiscal Year 2012, or the National Defense Authorization Act for Fiscal Year 2013, all as amended, or the foreign assets control regulations (including but not limited to 31 C.F.R., Subtitle B, Chapter
V) or any other law or executive order relating thereto administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control, and any similar law, regulation, or executive order enacted in the United States after the date of
this Agreement and (ii) any sanctions or requirements imposed under similar laws or regulations enacted by the United Kingdom that apply to any Borrower or Subsidiary. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Secured Cash Management Agreement” means any Cash Management Agreement that is entered into by and between
any Subsidiary and any Cash Management Bank (including any such Cash Management Agreement in existence on the Closing Date), except for any such Cash Management Agreement designated by the Borrower Representative in writing to the Administrative
Agent as an “unsecured cash management agreement” as of the Closing Date or, if later, as of the time of entering into such Cash Management Agreement. 

  
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 “Secured Cash Management Obligations” means all Cash Management Obligations
under any Secured Cash Management Agreement. 
 “Secured Hedge Agreement” means any Hedge Agreement permitted under
Article VII that is entered into by and between any Subsidiary and any Hedge Bank. 
 “Secured Hedging
Obligations” means all Hedging Obligations under any Secured Hedge Agreement; provided that the “Secured Hedging Obligations” shall not include any Excluded Swap Obligations. 

“Secured Obligations” means (a) the Obligations, (b) the Secured Hedging Obligations and (c) the Secured Cash
Management Obligations. 
 “Secured Parties” means, collectively, the Administrative Agent, the Collateral Trustee, the
Lenders, the Hedge Banks to the extent they are party to one or more Secured Hedge Agreements, the Cash Management Banks to the extent they are party to one or more Secured Cash Management Agreements, any Supplemental Agent and each co-agent or sub-agent appointed by the Administrative Agent or the Collateral Trustee from time to time pursuant to Article IX or the Intercreditor Agreement. 

“Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or
participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known
as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing; provided
that “Securities” shall not include any earn-out agreement or obligation or any employee bonus or other incentive compensation plan or agreement. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Securitization” means any transaction or series of transactions entered into by any Borrower or any Subsidiary pursuant to
which such Borrower or such Subsidiary, as the case may be, sells, conveys, assigns, grants an interest in or otherwise transfers to a Securitization Subsidiary, Securitization Assets (and/or grants a security interest in such Securitization Assets
transferred or purported to be transferred to such Securitization Subsidiary), and which Securitization Subsidiary finances the acquisition of such Securitization Assets (i) with cash, (ii) with the issuance to such Borrower or such
Subsidiary of Securitization Seller’s Retained Interests or an increase in such Securitization Seller’s Retained Interests or (iii) with proceeds from the sale or collection of Securitization Assets. 

“Securitization Assets” means any accounts receivable owed to any Borrower or any Subsidiary (whether now existing or arising
or acquired in the future) arising in the ordinary course of business from the sale of goods or services, all collateral securing such accounts receivable, all contracts and contract rights and all guarantees or other obligations in respect of such
accounts receivable, all proceeds of such accounts receivable, any bank accounts (if such bank accounts are used solely to collect, receive and hold such proceeds) and other assets (including contract rights, transport insurance policies and credit
insurance policies) which are of the type customarily transferred or in respect of which security interests are customarily granted in connection with securitizations of accounts receivable and which are sold, transferred, pledged or otherwise
conveyed by a Borrower or a Subsidiary pursuant to a Securitization. 
 “Securitization Seller’s Retained Interest”
means the debt or equity interests held by any Borrower or any Subsidiary in a Securitization Subsidiary to which Securitization Assets have been transferred, including any such debt or equity received as consideration for or as a portion of the
purchase price for the Securitization Assets transferred, or any other instrument through which any Borrower or any Subsidiary has rights to or receives distributions in respect of any residual or excess interest in the Securitization Assets. 

“Securitization Subsidiary” means a Person to which any Borrower or any Subsidiary sells, conveys, transfers or grants a
security interest in Securitization Assets, which Person (i) is formed for the limited purpose of effecting one or more Securitizations and related activities, or, in the case of a Person that is a financing conduit,

  
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which Person is formed for the limited purpose of effecting financing transactions, (ii) does not have any Indebtedness that is guaranteed by or otherwise recourse to any member of the
Restricted Group or any of their respective assets or properties (other than pursuant to Standard Securitization Undertakings), and (iii) with respect to which none of the Restricted Group has any obligation to maintain such Person’s
financial condition or cause such entity to achieve any specified level of operating results (other than pursuant to Standard Securitization Undertakings); provided that, in the event such Securitization Subsidiary is a subsidiary of the
Parent, it shall have been designated by the board of directors in its sole discretion, as an Unrestricted Subsidiary. 
 “Security
Agreement” means that certain Security Agreement dated as of the Closing Date to be entered into by and among, inter alia, Klöckner Pentaplast of America, Inc., Klöckner Pentaplast of America/Witt Plastics, Inc., Intertrans
Carrier Company and kp Investments Holdings, LLC, as grantors, and the Collateral Trustee, together with each other security agreement and security agreement supplement executed and delivered pursuant to Section 6.12. 

“Security Agreement Joinder” means a “Joinder Agreement” as such term is defined in the Security Agreement. 

“Security Supplement” has the meaning assigned to such term in the Security Agreement. 

“Senior Note Documents” shall mean the Senior Notes Indenture and the other “Notes Documents” under and as defined
in the Senior Notes Indenture, as each such document may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and of the Intercreditor Agreement. 

“Senior Notes” shall mean the €300 million in aggregate principal amount of 7.125% Senior Notes due 2020 issued by
the U.S. Borrower on the date hereof. 
 “Senior Notes Indenture” shall mean the indenture, dated as of the date hereof,
among, inter alios, the U.S. Borrower, as issuer, Deutsche Trustee Company Limited, as trustee, Credit Suisse AG, Cayman Island Branch, as security agent, Deutsche Bank AG, London Branch, as paying agent, Deutsche Bank Luxembourg S.A.,
as transfer agent, and Deutsche Bank Luxembourg S.A., as registrar, as such document may be amended, restated, supplemented or otherwise modified from time to time. 

“SPC” has the meaning assigned to such term in Section 10.05(e). 

“Specified Refinancing Debt” has the meaning assigned to such term in Section 2.18(a). 

“Specified Refinancing Revolving Credit Commitment” has the meaning assigned to such term in Section 2.18(a). 

“Specified Refinancing Term Commitment” has the meaning assigned to such term in Section 2.18(a). 

“Specified Refinancing Term Loans” has the meaning assigned to such term in Section 2.18(a). 

“Sponsor” has the meaning assigned to such term in the definition “Permitted Holders.” 

“Standard Securitization Undertakings” means representations, warranties, covenants, repurchase obligations, guarantees of
performance and indemnities entered into by Parent or any Subsidiary which are customary on the date thereof for the parent of a seller or servicer of assets transferred in connection with a Permitted Securitization; provided that, solely
with respect to Recourse Permitted Securitizations, the “Standard Securitization Undertakings” shall include Additional Securitization Undertakings. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the FRB to which the Administrative Agent is
subject with respect to the Adjusted Eurocurrency Rate, for Eurocurrency 

  
 53 

 
funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the FRB). Such reserve percentages shall include those imposed pursuant to such Regulation D.
Eurocurrency Rate Loans shall be deemed to constitute Eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under
such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Sterling” and “£” means the lawful currency of the United Kingdom. 

“Subordinated Indebtedness” means any Indebtedness of any Parent Company, the Borrowers, or any of their respective
Subsidiaries that is expressly subordinated in right of payment to the Obligations (other than Indebtedness among any of the Loan Parties and their respective subsidiaries). 

“subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint
venture or other business entity of which more than 50.0% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons
(whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by such Person
or one or more of the other subsidiaries of such Person or a combination thereof; provided that in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding. 
 “Subsidiary” means any subsidiary
of the Parent other than an Unrestricted Subsidiary. 
 “Supplier” has the meaning assigned to such term in Section
3.01(h)(iv). 
 “Swap 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. 

“Swiss Federal Tax Administration” means the tax authorities referred to in article 34 of the Swiss Withholding Tax Act. 

“Swiss Guarantor” shall mean Klöckner Pentaplast Schweiz AG, a stock corporation (Aktiengesellschaft) established
under the laws of Switzerland and registered under registration number CHE-105.830.713, whose registered office is located at Sportweg 38, CH-3097, Liebefeld,
Switzerland and any other Subsidiary Guarantor incorporated in and under the laws of Switzerland. 
 “Swiss Withholding
Tax” means any taxes imposed under the Swiss Withholding Tax Act. 
 “Swiss Withholding Tax Act” means the Swiss
Federal Act on the Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time. 

“TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment
system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euros. 

“Tax Structure Memorandum” means the KP Refinancing 2014/2015 Tax Technical Analysis of Contemplated Execution Steps, dated
April 24, 2015, prepared by Ernst and Young. 

  
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 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Borrowers” means the German Borrowers and the U.S. Borrower and “Term Borrower” means any one of them.

 “Term Borrowing” means a borrowing of the same Type of Term Loan of a single Tranche from all the Lenders having Term
Commitments of the respective Tranche on a given date (or resulting from a conversion or conversions on such date) having, in the case of Eurocurrency Rate Loans, the same Interest Period. 

“Term Commitment” means, as to each Term Lender, (i) the Initial Term Commitments, (ii) an Incremental Term
Commitment or (iii) a Specified Refinancing Term Commitment. The amount of each Lender’s Initial Term Commitment is as set forth in the definition thereof and the amount of each Lender’s other Term Commitments shall be as set forth in
the Assignment and Assumption, or in the amendment or agreement relating to the respective Term Commitment Increase, Incremental Term Commitment, commitments with respect to Extended Term Loans or Specified Refinancing Term Commitment pursuant to
which such Lender shall have assumed its Term Commitment, as the case may be, as such amounts may be adjusted from time to time in accordance with this Agreement. 

“Term Facility” means a facility in respect of any Term Loan Tranche, as the context requires. 

“Term Lender” means (a) at any time on or prior to the Closing Date, any Lender that has an Initial Term Dollar
Commitment and/or an Initial Euro Term Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term Loans and/or Term Commitments at such time. 

“Term Loan” means an advance made by any Term Lender under any Term Facility. 

“Term Loan Tranche” means the respective facility and commitments utilized in making Term Loans hereunder, including
(i) as of the Closing Date (A) the Initial U.S. Borrower Dollar Term Loans, (B) the Initial German Borrower Dollar Term Loans and (C) the Initial Euro Term Loans, and (ii) additional Term Loan Tranches that may be added
after the Closing Date (i.e., Incremental Term Loans, Specified Refinancing Term Loans, Extended Term Loans, and Specified Refinancing Term Commitments). 

“Term Note” means a promissory note of the Term Borrowers payable to the order of any Term Lender or its registered assigns,
in substantially the form of Exhibit B hereto, evidencing the indebtedness of the Term Borrowers to such Term Lender resulting from the Term Loans under the same Term Loan Tranche made or held by such Term Lender. 

“Termination Date” means the date on which all Commitments have expired or terminated and the principal of and interest on
each Loan and all fees, expenses and other amounts payable under any Loan Document (other than contingent indemnification obligations for which no claim or demand has been made) have been paid in full in Cash, and no Letter of Credit shall remain
outstanding (other than Letters of Credit which have been Cash Collateralized). 
 “Test Period” means a period of four
consecutive Fiscal Quarters. 
 “Threshold Amount” means €25,000,000. 

“Total Net Leverage Ratio” means the ratio, on any date of determination, of (a) Consolidated Total Debt as of such date
(less the Unrestricted Cash Amount as of such date) to (b) Consolidated Adjusted EBITDA of Parent and its Subsidiaries for the Test Period then most recently ended for which financial statements have been delivered pursuant to Section
6.01(b) or (c), as applicable. 
 “Total Outstandings” means the aggregate Outstanding Amount of all Loans and
all L/C Obligations. 

  
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 “Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of
all Revolving Credit Loans and L/C Obligations. 
 “Trade Date” has the meaning assigned to such term in Section
10.05(f)(i). 
 “Tranche” means any Term Loan Tranche or any Revolving Tranche. 

“Transaction” means, collectively, (a) the execution and delivery of the Loan Documents and the borrowing of the Loans
hereunder, (b) the issuance of the Senior Notes on the Closing Date in an aggregate principal amount equal to €300,000,000), (c) the repayment of existing indebtedness of Parent and its Subsidiaries consisting of the Indebtedness under the
Existing Credit Agreement and the release and termination of Liens securing such existing indebtedness, (d) the satisfaction and discharge of the Existing Senior Secured Notes and the Existing PIK Notes, defeasance of the covenants thereunder
and extinguishment of the intercompany debt related thereto, (e) certain payments to the holders of Capital Stock of Parent in an aggregate amount not to exceed €350,000,000 on or about the Closing Date and (f) the payment of all
fees, costs and expenses incurred in connection with the transactions described in the foregoing provisions of this definition (the “Transaction Costs”). “Transactions” shall have a corresponding meaning. 

“Transaction Costs” has the meaning given to such term in the definition of “Transaction”. 

“Transformative Acquisition” means any acquisition that either (a) is not permitted by the terms of this Agreement
immediately prior to the consummation of such acquisition or (b) if permitted by the terms of this Agreement immediately prior to the consummation of such acquisition, would not provide the Parent and its Subsidiaries with adequate flexibility
under this Agreement for the continuation and/or expansion of their combined operations following such consummation, as determined by the Borrower Representative acting in good faith. 

“Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurocurrency Rate Loan. 

“Umbrella Ancillary Facility” has the meaning assigned to such term in Section 2.19. 

“Umbrella Ancillary Lender” has the meaning assigned to such term in Section 2.19. 

“Unfunded Advances/Participations” means (a) with respect to the Administrative Agent, the aggregate amount, if any
(i) made available to the Borrowers on the assumption that each Lender has made available to the Administrative Agent such Lender’s share of the applicable Borrowing available to the Administrative Agent as contemplated by Section
2.12(b) and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender and (b) with respect to
any L/C Issuer, the aggregate amount, if any, of amounts drawn under Letters of Credit in respect of which a Revolving Credit Lender shall have failed to make Revolving Credit Loans or L/C Advances to reimburse such L/C Issuer pursuant to Section
2.03(c). 
 “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as the same may from
time to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. 

“United States” and “U.S.” mean the United States of America. 

“Unreimbursed Amount” has the meaning assigned to such term in Section 2.03(c)(i). 

“Unrestricted Cash Amount” means, as of any date of determination, the amount of (a) unrestricted Cash and Cash
Equivalents of Parent and its Subsidiaries and (b) Cash and Cash Equivalents restricted as a result of being pledged in favor of the Facilities on a first priority basis (and which may be pledged to secure other Indebtedness in accordance with
the terms of this Agreement), in the case of clause (a), determined in accordance with IFRS. 

  
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 “Unrestricted Subsidiary” means (i) any subsidiary of Parent designated by
the Borrower Representative as an Unrestricted Subsidiary pursuant to Section 6.10 subsequent to the Closing Date and (ii) any Securitization Subsidiary, if a subsidiary of the Parent. 

“Upstream or Cross-Stream Secured Obligations” has the meaning assigned to such term in Section 12.12(a). 

“U.S. Bankruptcy Code” means Title 11 of the Bankruptcy Code of the United States or any successor thereof (as amended). 

“U.S. Borrower” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

“U.S. Lender Party” means each Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is a
United States person as defined in Section 7701(a)(30) of the Code. 
 “U.S. Person” means any Person that is a
“United States person” as defined in Section 7701(a)(30) of the Code. 
 “U.S. Receivables Purchase Facility”
means the receivables purchase facility under (1) the Amended and Restated First Tier Receivables Purchase Agreement dated March 28, 2011, as amended, restated, supplemented or otherwise modified on or prior to the date hereof (the
“First Tier U.S. RPA”), among Klockner Pentaplast Receivables Funding LLC as the buyer (the “U.S. RPA SPV”), the U.S. Borrower, as an originator, and Klöckner Pentaplast of America/Witt Plastics, Inc., as an
originator (“KP Witt”, and together with the U.S. Borrower, the “U.S. RPA Originators”); (2) the amended and restated second tier receivables purchase agreement dated March 28, 2011, as amended, restated,
supplemented or otherwise modified on or prior to the date hereof (the “Second Tier U.S. RPA” and, together with the First Tier U.S. RPA, the “U.S. RPAs”), among the U.S. RPA SPV, as the seller, General Electric
Capital Corporation, as the purchaser (the “U.S. RPA Purchaser”), and the U.S. Borrower and KP Witt, as Servicers and U.S. RPA Originators; and (3) the Performance Guaranty dated as of 19 June 2012, as amended, restated,
supplemented or otherwise modified on or prior to the date hereof (the “U.S. RPA Parent Guaranty”), by Parent in favor of the U.S. RPA SPV and the U.S. RPA Purchaser; provided that the U.S. Receivables Purchase Facility may
be amended, restated, supplemented or otherwise modified after the date hereof so long as it qualifies as a Permitted Factoring Arrangement. 

“U.S. Revolving Credit Commitment” means, as to each Revolving Credit Lender in respect of the U.S. Revolving Credit Facility
(each a “U.S. Revolving Credit Lender”), its obligation to (a) make U.S. Revolving Credit Loans to the Borrowers pursuant to Section 2.01(c) and (b) purchase participations in L/C Obligations, in an aggregate
principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “U.S. Revolving Credit Commitment” or in the Assignment and Assumption pursuant to
which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including pursuant to Section 2.19). The U.S. Revolving Credit Commitments shall
include all Extended U.S. Revolving Credit Commitments, commitments with respect to Incremental Revolving Facilities, and Ancillary Commitments. The aggregate U.S. Revolving Credit Commitment of all U.S. Revolving Credit Lenders shall be
€25,000,000 on the Closing Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement (including pursuant to Section 2.19). 

“U.S. Revolving Credit Facility” means, at any time, the aggregate amount of the U.S. Revolving Credit Lenders’ U.S.
Revolving Credit Commitments at such time. 
 “U.S. Revolving Credit Lender” means, at any time, any Lender that has a U.S.
Revolving Credit Commitment at such time (and after the termination of all U.S. Revolving Credit Commitments, any Lender that holds any Outstanding Amount in respect of U.S. Revolving Credit Loans and/or L/C Obligations). 

“U.S. Revolving Credit Loan” has the meaning assigned to such term in Section 2.01(c). 

“U.S. Revolving Facility Fees” has the meaning assigned to such term in Section 2.09(a)(i). 

  
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 “U.S. RPA Assets” means (i) all right, title and interest of the U.S. RPA
Originators in, to and under “Debts” and “Associated Rights” (each as defined in the Second Tier U.S. RPA) transferred from time to time to the U.S. RPA SPV on, prior to or after the date hereof, pursuant to the U.S. Receivables
Purchase Facility, and (ii) all assets of the U.S. RPA SPV. 
 “U.S. Subsidiary” means any Subsidiary of the Parent
that is organized under the laws of the United States, any state thereof or the District of Columbia. 
 “USA PATRIOT Act”
means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26,
2001)). 
 “VAT” means (a) any tax imposed in compliance with the Council Directive of November 28, 2006 on the
common system of value added tax (EC Directive 2006/112) and (b) any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in clause
(a) above, or imposed elsewhere. 
 “Weighted Average Life to Maturity” means, when applied to any Indebtedness at
any date, the number of years (and/or portion thereof) obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of
principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment;
by (b) the then outstanding principal amount of such Indebtedness. 
 “Wholly-Owned Subsidiary” of any Person means a
subsidiary of such Person, 100.0% of the Capital Stock of which (other than directors’ qualifying shares or shares required by law to be owned by a resident of the relevant jurisdiction) shall be owned by such Person or by one or more
Wholly-Owned Subsidiaries of such Person. 
 “Worldwide Revolving Credit Commitment” means, as to each Revolving Credit
Lender in respect of the Worldwide Revolving Credit Facility (each a “Worldwide Revolving Credit Lender”), its obligation to (a) make Worldwide Revolving Credit Loans to the Borrowers pursuant to Section 2.01(c) and
(b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Worldwide Revolving
Credit Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including pursuant to
Section 2.19). The Worldwide Revolving Credit Commitments shall include all Extended Worldwide Revolving Credit Commitments, commitments with respect to Incremental Worldwide Revolving Facilities, and Ancillary Commitments.
The aggregate Revolving Worldwide Credit Commitment of all Worldwide Revolving Credit Lenders shall be €75,000,000 on the Closing Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement (including
pursuant to Section 2.19). 
 “Worldwide Revolving Credit Facility” means, at any time, the
aggregate amount of the Worldwide Re-volving Credit Lenders’ Worldwide Revolving Credit Commitments at such time. 

“Worldwide Revolving Facility Fees” has the meaning assigned to such term in Section 2.09(a)(ii). 

“Worldwide Revolving Credit Lender” means, at any time, any Lender that has a Worldwide Revolving Credit Commitment at such
time (and after the termination of all Worldwide Revolving Credit Commitments, any Lender that holds any Outstanding Amount in respect of Worldwide Revolving Credit Loans and/or L/C Obligations). 

“Worldwide Revolving Credit Loan” has the meaning assigned to such term in Section 2.01(c). 

Section 1.02    Other Interpretive Provisions. With reference to this Agreement and each other Loan Document,
unless otherwise specified herein or in such other Loan Document: 
 (a)    The meanings of defined terms are equally
applicable to the singular and plural forms of the defined terms. 

  
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 (b)    The words “herein,” “hereto,” “hereof”
and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 

(c)    References in this Agreement to an Exhibit, Schedule, Article, Section or clause refer (A) to the appropriate
Exhibit or Schedule to, or Article, Section or clause in this Agreement or (B) to the extent such references are not present in this Agreement, to the Loan Document in which such reference appears. 

(d)    The terms, “include”, “includes” and “including” are by way of example and not
limitation. 
 (e)    The term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 

(f)    Any reference herein to any Person shall be construed to include such Person’s successors and assigns. 

(g)    In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including”. 

(h)    The term “will” will be construed to have the same meaning and effect as the term “shall”. 

(i)    Section headings herein and in the other Loan Documents are included for convenience of reference only and shall
not affect the interpretation of this Agreement or any other Loan Document. 
 (j)    A Borrower providing cash cover
for an Ancillary Facility means a Borrower paying an amount in the currency of the Ancillary Facility to an interest bearing account in the name of such Borrower and the following conditions being met: 

(i)    the account is with the Collateral Trustee or the relevant Ancillary Lender for which that cash cover is to be
provided; 
 (ii)    until no amount is or may be outstanding under that Ancillary Facility, withdrawals from the
account may only be made to pay a Lender amounts due and payable to it under this Agreement in respect of that Ancillary Facility; and 

(iii)    such Borrower has executed a security document over that account, in form and substance satisfactory to the
Collateral Trustee or Ancillary Lender with which that account is held, creating a first ranking security interest over that account. 

(k)    A Borrower repaying or prepaying an Ancillary Outstandings means: 

(i)    that Borrower providing cash cover in respect of the Ancillary Outstandings; 

(ii)    the maximum amount payable under the Ancillary Facility being reduced or cancelled in accordance with its terms;
or 
 (iii)    the Ancillary Lender being satisfied that it has no further liability under that Ancillary Facility, and
the amount by which Ancillary Outstandings are repaid or prepaid under clauses (i) and (ii) above is the amount of the relevant cash cover or reduction or, in the case of (iii) the full amount of such Ancillary Outstandings.

  
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 (l)    An amount borrowed includes any amount utilized under an Ancillary
Facility. 
 Section 1.03    Accounting Terms. 

(a)    All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with IFRS, as in effect from time to time. 

(b)    If at any time any change in IFRS or the application thereof would affect the computation or interpretation of any
financial ratio, basket, requirement or other provision set forth in any Loan Document, and either the Borrowers or the Required Lenders shall so request, the Administrative Agent and the Borrower Representative shall negotiate in good faith to
amend such ratio, basket, requirement or other provision to preserve the original intent thereof in light of such change in IFRS or the application thereof (subject to the approval of the Required Lenders not to be unreasonably withheld, conditioned
or delayed) (provided that any change affecting the computation of the ratio set forth in Section 7.16 shall be subject solely to the approval of the Required Revolving Lenders (not to be unreasonably withheld,
conditioned or delayed) and the Borrowers); provided that, until so amended, (i) (A) such ratio, basket, requirement or other provision shall continue to be computed or interpreted in accordance with IFRS or the application thereof prior
to such change therein and (B) the Borrower Representative shall provide to the Administrative Agent and the Lenders a written reconciliation, in form and substance reasonably satisfactory to the Administrative Agent, between calculations of
such ratio, basket, requirement or other provision made before and after giving effect to such change in IFRS or the application thereof or (ii) subject to the rights of the Required Lenders set forth in this Section 1.03(b), the
Borrower Representative may elect to fix IFRS (for purposes of such ratio, basket, requirement or other provision) as of another later date notified in writing to the Administrative Agent from time to time. 

(c)    Notwithstanding anything to the contrary contained herein, all such financial statements shall be prepared, and all
financial covenants contained herein or in any other Loan Document shall be calculated, in each case, without giving effect to any election under IAS 39 (or any similar accounting principle) permitting a Person to value its financial liabilities at
the fair value thereof. 
 Section 1.04    Rounding. Any financial ratios required to be maintained by
Parent, or satisfied in order for a specific action to be permitted, under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such
ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

Section 1.05    References to Agreements and Laws. Unless otherwise expressly provided herein,
(a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto,
but only to the extent that such amendments, restatements, extensions, supplements and other modifications are permitted by any Loan Document and (b) references to any Law shall include all statutory and regulatory provisions consolidating,
amending, replacing, supplementing or interpreting such Law. 
 Section 1.06    Times of Day. Unless
otherwise specified, all references herein to times of day shall be references to Eastern time (daylight savings or standard, as applicable). 

Section 1.07    Timing of Payment or Performance. When the payment of any obligation or the performance of any
covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as specifically provided in Section 2.12 or as described in the definition
of “Interest Period”) or performance shall extend to the immediately succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. 

  
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 Section 1.08    Currency Equivalents Generally. 

(a)    Whenever in this Agreement in connection with a borrowing, conversion, continuation or prepayment of a Eurocurrency
Rate Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Euros, but such borrowing, Eurocurrency Rate Loan or Letter of Credit is denominated in Dollars,
Sterling or an Alternative Currency, such amount shall be the Euro Amount thereof, such Euro Amount to be determined by the Administrative Agent at the Exchange Rate of such Euro Amount (rounded to the nearest unit of Dollars, Sterling or such
Alternative Currency, with 0.5 or a higher unit being rounded upward). The Administrative Agent shall determine the Euro Amount of each Revolving Credit Loan denominated in Dollars, Sterling or an Alternative Currency and each L/C Obligation in
respect of Letters of Credit denominated in Dollars, Sterling or an Alternative Currency as of each Revaluation Date and shall promptly notify the Borrower Representative and the Lenders of each Euro Amount so determined by it. Each such
determination shall be based on the Exchange Rate (x) on the date of the related Request for Credit Extension for purposes of the initial such determination for any Revolving Credit Loan, Letter of Credit or bank guarantee and (y) on the
fourth Business Day prior to the date as of which such Euro Amount is to be determined, for purposes of any subsequent determination. Such Exchange Rates shall become effective as of such Revaluation Date and shall be the Exchange Rates employed in
converting any amounts between Dollars, Sterling or such Alternative Currency, on the one hand, and Euros, on the other hand, until the next Revaluation Date to occur. 

(b)    Any amount specified in this Agreement (other than in Articles II, IX and X or as set forth in
Section 1.08(c)) or any of the other Loan Documents to be in Euros shall also include the equivalent of such amount in any currency other than Euros, such equivalent amount to be determined at the Exchange Rate for Dollars, Sterling or the
Alternative Currency; provided that if any basket is exceeded solely as a result of fluctuations in applicable currency exchange rates after the last time such basket was utilized, such basket will not be deemed to have been exceeded solely
as a result of such fluctuations in currency exchange rates. 
 (c)    For purposes of determining the Total Net
Leverage Ratio and the First Lien Net Leverage Ratio, amounts denominated in a currency other than Euros will be converted to Euros for the purposes of (A) testing the financial covenant under Section 7.16, at the
Average Exchange Rate as of the last day of the fiscal quarter for which such measurement is being made, and (B) the Total Net Leverage Ratio and the First Lien Net Leverage Ratio (other than for the purposes of determining compliance with
Section 7.16), at the Average Exchange Rate as of the date of calculation, and will, in the case of Indebtedness, reflect the currency translation effects, determined in accordance with IFRS, of Hedge Agreements permitted
hereunder for currency exchange risks with respect to the applicable currency in effect on the date of determination of the Euro equivalent of such Indebtedness. 

(d)    For the purposes of determining the Dollar Amount, any amount in a currency other than Dollars shall be converted
to Dollars at the rate of exchange quoted by the Reuters World Currency Page for such currency at 11:00 a.m. (London time) on such day (or, in the event such rate does not appear on any Reuters World Currency Page, by reference to such other
publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrower Representative, or, in the absence of such agreement, such rate shall instead be the arithmetic average of the spot rates of
exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about 10:00 a.m. (New York City time) on such date for the purchase of Dollars for delivery
two Business Days later); provided, however, that notwithstanding the foregoing, for the purposes of determining the Dollar Amount for the payment of Loans with any Excess Cash Flow as required by Section 2.05(b), any amount in a
currency other than Dollars shall be converted to Dollars at the same rate of exchange used to determine Consolidated Net Income. 

Section 1.09    Change in Currency. 

(a)    Each obligation of any Loan Party to make a payment denominated in the national currency unit of any member state of
the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any such member state,
the basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed
basis shall be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately
prior to such date, such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period. 

  
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 (b)    Each provision of this Agreement shall be subject to such reasonable
changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro.

 (c)    Each provision of this Agreement also shall be subject to such reasonable changes of construction as the
Administrative Agent may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 

Section 1.10    Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit
at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time after giving effect to any expiration periods applicable thereto; provided, however, that with respect to any Letter of Credit that, by
its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit
after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

Section 1.11    Calculation of Baskets. If any of the baskets set forth in Article VII of this
Agreement are exceeded solely as a result of fluctuations to Consolidated Total Assets for the most recently completed Fiscal Quarter after the last time such baskets were calculated for any purpose under Article VII, such baskets will not be
deemed to have been exceeded solely as a result of such fluctuations. 
 Section 1.12    Guaranty and Security
Principles. The Collateral Documents and each other guaranty and security document delivered or to be delivered under this Agreement, and any obligation to enter into such document or obligation, in each case by any Foreign Subsidiary shall be
subject in all respects to the Guaranty and Security Principles set forth in Schedule 1.01(b). 

Section 1.13    Borrower Representative. Each Borrower (other than the U.S. Borrower) hereby
(i) designates the U.S. Borrower as its Borrower Representative and (ii) designates the Parent to act on its behalf. The Borrower Representative and/or Parent will be acting as agent and attorney-in-fact on each Borrower’s behalf for the purposes of issuing notices of Borrowing and notices of conversion/continuation of any Loans pursuant to Section 2.02 or
similar notices, giving instructions with respect to the disbursement of the proceeds of the Loans, selecting interest rate options, requesting Letters of Credit, giving and receiving all other notices and consents hereunder or under any of the
other Loan Documents and taking all other actions (including in respect of compliance with covenants and certifications) on behalf of any Borrower or the Borrowers under the Loan Documents. For the purposes of this
Section 1.13, each Borrower (other than the U.S. Borrower) hereby relieves the Borrower Representative and the Parent to the fullest extent legally possible from the restrictions of section 181 of the German Civil Code
(Bürgerliches Gesetzbuch) and similar restrictions applicable pursuant to any other applicable law. Each of the Borrower Representative and the Parent hereby accepts such appointment. Each Borrower agrees that each notice,
election, representation and warranty, covenant, agreement and undertaking made on its behalf by the Borrower Representative or the Parent, as applicable, shall be deemed for all purposes to have been made by such Borrower and shall be binding upon
and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower. The Administrative Agent, the L/C Issuers and each Lender shall be entitled to rely, and shall be fully protected in relying, upon any
notice or other communication pursuant to any Loan Document from the Borrower Representative or the Parent and may regard any such notice or other communication as a notice or communication from all Loan Parties. Except as otherwise expressly
provided by this Agreement or any Loan Document, the Administrative Agent, the L/C Issuers and the Lenders, and their respective Related Parties, shall not be liable to the Borrower Representative, the Parent or any Borrower for any action taken or
omitted to be taken by the Borrower Representative, the Parent or the Borrowers pursuant to this Section 1.13. 

Section 1.14    [Reserved]. 

  
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 Section 1.15    Luxembourg Terms. Without prejudice to the
generality of any provision of this Agreement, in any Loan Document where it relates to a Luxembourg Loan Party, a reference to: 

(a)    a winding-up, administration or dissolution includes, without limitation,
bankruptcy (faillite), insolvency, liquidation, composition with creditors (concordat préventif de faillite), moratorium or reprieve from payment (sursis de paiement), controlled management (gestion
contrôlée), fraudulent conveyance (action paulienne), general settlement with creditors, reorganization or similar laws affecting the rights of creditors generally; 

(b)    a receiver, administrative receiver, administrator, trustee, custodian, sequestrator, conservator or similar
officer includes, without limitation, a juge délégué, commissaire, juge-commissaire, mandataire ad hoc, administrateur provisoire, liquidateur or curateur; 

(c)    a lien or security interest includes any hypothèque, nantissement, gage, privilège,
sûreté réelle, droit de rétention, and any type of security in rem (sûreté réelle) or agreement or arrangement having a similar effect and any transfer of title by way of security; 

(d)    a person being unable to pay its debts includes that person being a state of cessation de paiements; 

(e)    creditors process means an executory attachment (saisie exécutoire) or conservatory attachment
(saisie conservatoire); 
 (f)     an officer is a reference to a gérant or administrateur;
and 
 (g)    by-laws, organizational documents or constitutional documents
includes its up-to-date (restated) articles of association (statuts coordonnés), if any. 

ARTICLE II. 
 The Commitments
and Credit Extensions 
 Section 2.01    The Loans. 

(a)    The Initial Dollar Term Borrowing. 

(i)    Subject to the terms and conditions set forth herein, each Term Lender with an Initial U.S. Borrower Dollar Term
Commitment severally, and not jointly, agrees to make a single loan denominated in Dollars to the U.S. Borrower (the “Initial U.S. Borrower Dollar Term Loans”) on the Closing Date in an amount not to exceed such Term Lender’s
Initial U.S. Borrower Dollar Term Commitment. The Initial U.S. Borrower Dollar Term Borrowings shall consist of Initial U.S. Borrower Dollar Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial U.S. Borrower
Dollar Term Commitments. Amounts borrowed under this Section 2.01(a)(i) and subsequently repaid or prepaid may not be reborrowed. Initial U.S. Borrower Dollar Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided
herein. 
 (ii)    Subject to the terms and conditions set forth herein, each Term Lender with an Initial German
Borrower Dollar Term Commitment severally, and not jointly, agrees to make a single loan denominated in Dollars to KP Erste (the “Initial German Borrower Dollar Term Loans”) on the Closing Date in an amount not to exceed such Term
Lender’s Initial German Borrower Dollar Term Commitment. The Initial German Borrower Dollar Term Borrowings shall consist of Initial German Borrower Dollar Term Loans made simultaneously by the Term Lenders in accordance with their respective
Initial German Borrower Dollar Term Commitments. Amounts borrowed under this Section 2.01(a)(ii) and subsequently repaid or prepaid may not be reborrowed. Initial German Borrower Dollar Term Loans may be Base Rate Loans or Eurocurrency Rate
Loans as further provided herein. 

  
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 (b)    The Initial Euro Term Borrowing. 

(i)    Subject to the terms and conditions set forth herein, each Term Lender with an Initial Erste Euro Term Commitment
severally, and not jointly, agrees to make a single loan denominated in Euros to KP Erste (the “Initial Erste Euro Term Loans”) on the Closing Date in an amount not to exceed such Term Lender’s Initial Erste Euro Term
Commitment. The Initial Erste Euro Term Borrowing shall consist of Initial Erste Euro Term Loans made simultaneously by each Term Lender with an Initial Erste Euro Term Commitment in accordance with the amount of their respective Initial Erste Euro
Term Commitments. Amounts borrowed under this Section 2.01(b)(i) and subsequently repaid or prepaid may not be reborrowed. Initial Erste Euro Term Loans shall be Eurocurrency Rate Loans as further provided herein. 

(ii)    Subject to the terms and conditions set forth herein, each Term Lender with an Initial GmbH Euro Term Commitment
severally, and not jointly, agrees to make a single loan denominated in Euros to KP GmbH (the “Initial GmbH Euro Term Loans”) on the Closing Date in an amount not to exceed such Term Lender’s Initial GmbH Euro Term Commitment.
The Initial GmbH Euro Term Borrowing shall consist of Initial GmbH Euro Term Loans made simultaneously by each Term Lender with an Initial GmbH Euro Term Commitment in accordance with the amount of their respective Initial GmbH Euro Term
Commitments. Amounts borrowed under this Section 2.01(b)(ii) and subsequently repaid or prepaid may not be reborrowed. Initial GmbH Euro Term Loans shall be Eurocurrency Rate Loans as further provided herein. 

(c)    The Revolving Credit Borrowings. (i) Subject to the terms and conditions set forth herein, each U.S.
Revolving Credit Lender severally, and not jointly, agrees to make loans denominated in Dollars, Euros, Sterling and any other currency agreed by all of the U.S. Revolving Credit Lenders and the Administrative Agent (each such loan, a “U.S.
Revolving Credit Loan”) to the U.S. Borrower and any Designated Revolving Borrower which is not a Subsidiary incorporated or established in the Federal Republic of Germany on a joint and several basis from time to time on and after the
Closing Date, on any Business Day until and excluding the Business Day preceding the Maturity Date for the Revolving Credit Facility, in an aggregate Euro Amount not to exceed at any time outstanding the amount of such Lender’s U.S. Revolving
Credit Commitment, (ii) subject to the terms and conditions set forth herein, each Worldwide Revolving Credit Lender severally, and not jointly, agrees to make loans denominated in Dollars, Euros, Sterling and any other currency agreed by all
of the Worldwide Revolving Credit Lenders and the Administrative Agent (each such loan, a “Worldwide Revolving Credit Loan”) to the Revolving Borrowers on a joint and several basis from time to time on and after the Closing Date, on
any Business Day until and excluding the Business Day preceding the Maturity Date for the Revolving Credit Facility, in an aggregate Euro Amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment;
provided that the aggregate principal amount of Revolving Credit Loans made on the Closing Date shall not exceed €15,000,000, (iii) subject to the conditions set forth herein and in the Ancillary Documents, an Ancillary Lender that is a
U.S. Revolving Credit Lender shall not make available an Ancillary Facility to a Subsidiary incorporated or established in the Federal Republic of Germany in place of all or part of its U.S. Revolving Credit Commitment; and (iv) subject to the
conditions set forth herein and in the Ancillary Documents, an Ancillary Lender that is a Worldwide Revolving Credit Lender shall make an Ancillary Facility available to the Parent and its Restricted Subsidiaries in place of all or part of its
Worldwide Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing under the Revolving Credit Facility, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving
Credit Facility and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Revolving Credit
Commitment. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(c), prepay under Section 2.05,
and reborrow under this Section 2.01(c). Revolving Credit Loans may be Base Rate Loans (if denominated in Dollars) or Eurocurrency Rate Loans, as further provided herein. To the extent that any portion of the Revolving Credit Facility has
been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, each Revolving Credit Borrowing (including any deemed Revolving Credit Borrowings made pursuant to Sections 2.03) shall be allocated pro
rata among the Revolving Tranches. 
 (d)    Subsequent Tranches. After the Closing Date, subject to and upon the
terms and conditions set forth herein, each Lender with a Term Commitment (other than an Initial Term Commitment) with respect to any Tranche of Term Loans (other than Initial Term Loans) severally, and not jointly, agrees to make a Term Loan under
such Tranche to the applicable Term Borrower in an amount not to exceed such Term Lender’s Term Commitment under such Tranche on the date of incurrence thereof, which Term Loans under such Tranche

  
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shall be incurred pursuant to a single drawing on the date set forth for such incurrence. Such Term Loans may be Base Rate Loans if denominated in Dollars or Eurocurrency Rate Loans as further
provided herein. Once repaid, Term Loans incurred hereunder may not be reborrowed. 
 (e)    Lender Branches.
Each Lender may, at its option, make any Loan available to any Borrower formed or organized in Germany by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall
not affect the obligation of such Borrower(s) to repay such Loan in accordance with the terms of this Agreement. 

Section 2.02    Borrowings, Conversions and Continuations of Loans. 

(a)    Each Term Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans or Revolving Credit Loans from
one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon irrevocable notice by the Borrower Representative (on behalf of the Borrowers) to the Administrative Agent; provided that Eurocurrency Rate Loans
denominated in a currency other than Dollars may not be converted into Base Rate Loans. Each such notice must be in writing and must be received by the Administrative Agent not later than 11:00 a.m. (New York City time) (i) three Business Days
prior to the requested date of any Borrowing of, conversion of Base Rate Loans to, or continuation of, Eurocurrency Rate Loans denominated in Dollars, (ii) three Business Days prior to the requested date of any Borrowing or continuation of
Eurocurrency Rate Loans denominated in Euros, Sterling or any other Alternative Currency and (iii) one Business Day prior to the requested date of any Borrowing of, or conversion of Eurocurrency Rate Loans to, Base Rate Loans denominated in
Dollars; provided, however, that if the Borrowers wish to request Eurocurrency Rate Loans in an Alternative Currency having an Interest Period other than one, three or six months in duration as provided in the definition of
“Interest Period”, the applicable notice from the Borrower Representative (on behalf of the Borrowers) must be received by the Administrative Agent not later than 11:00 a.m. (New York City time) five Business Days prior to the requested
date of such Borrowing, conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Appropriate Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later
than 10:00 a.m. (New York City time) three Business Days prior to the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrowers whether or not the requested Interest Period has been consented
to by all the Appropriate Lenders. Each notice by the Borrower Representative pursuant to this Section 2.02(a) shall be delivered to the Administrative Agent in the form of a written Committed Loan Notice, appropriately completed and signed
by a Responsible Officer of the Borrower Representative (on behalf of the Borrowers). Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of not less than (x) €1,000,000 or a whole multiple
of €1,000,000 in excess thereof if denominated in Euros, (y) $1,000,000 or a whole multiple of $1,000,000 in excess thereof if denominated in Dollars, or (z) a Euro Amount of €1,000,000 or a whole multiple of a Euro Amount of
€1,000,000 in excess thereof if denominated in an Alternative Currency. Except as provided in Sections 2.03(d) and 2.04(c), each Borrowing of, or conversion to, Base Rate Loans shall be in a principal amount of $1,000,000 or a
whole multiple of a $1,000,000 in excess thereof. Each Committed Loan Notice shall specify (i) which Term Borrower or Revolving Borrower, as the case may be, is requesting a Term Borrowing (and whether such Term Borrowing is a Borrowing of Euro
Term Loans or Dollar Term Loans), a Revolving Credit Borrowing, a conversion of a Tranche of Term Loans or Revolving Credit Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the
Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) in the case of Revolving Credit Loans, the currency in which the
Revolving Credit Loans to be borrowed are to be denominated, (v) the Type of Loans to be borrowed or to which an existing Tranche of Term Loans or Revolving Credit Loans are to be converted and (vi) if applicable, the duration of the
Interest Period with respect thereto. If, (x) with respect to any Eurocurrency Rate Loans denominated in Dollars, the applicable Borrower fails to specify a Type of Loan in a Committed Loan Notice or if such Borrower fails to give a timely
notice requesting a conversion or continuation, then the applicable Tranche of Term Loans or Revolving Credit Loans shall be made as, or converted to, Base Rate Loans or (y) with respect to any Eurocurrency Rate Loans denominated in Euros,
Sterling or an Alternative Currency, the applicable Borrower fails to specify a Type of Loan in a Committed Loan Notice or if the Borrowers fail to give a timely notice requesting a conversion or continuation, then the applicable Tranche of Term
Loans or Revolving Credit Loans shall be made as, or converted to, a Eurocurrency Rate Loan with an Interest Period of one month. Any such automatic conversion or continuation pursuant to the immediately preceding sentence shall be effective as of
the last day of the Interest Period then in effect with respect to the applicable 

  
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Eurocurrency Rate Loans. If the Borrower Representative (on behalf of the Borrowers) requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Committed Loan
Notice, but fails to specify an Interest Period (or fails to give a timely notice requesting a continuation of Eurocurrency Rate Loans), it will be deemed to have specified an Interest Period of one month. If no currency is specified, the requested
Borrowing shall be in Euros. 
 (b)    Following receipt of a Committed Loan Notice, the Administrative Agent shall
promptly notify each applicable Lender of the amount of its ratable share of the applicable Tranche of Term Loans or Revolving Credit Loans, and if no timely notice of a conversion or continuation of Eurocurrency Rate Loan is provided by the
Borrower Representative (on behalf of the Borrowers), the Administrative Agent shall notify each Lender of the details of any automatic conversion to Eurocurrency Rate Loans with an Interest Period of one month or Base Rate Loans, as applicable, as
described in Section 2.02(a). In the case of a Term Borrowing or a Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the
Administrative Agent’s office not later than 12:00 p.m. (New York City time) in the case of any Loan denominated in Dollars, and not later than 8:00 a.m. (New York City time) in the case of any Loan denominated in Euros, Sterling or an
Alternative Currency, on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (or, if such Borrowing is the initial Credit Extension,
Section 4.01), the Administrative Agent shall make all funds so received available to the applicable Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the applicable
Borrower on the books of the Administrative Agent with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the
Borrower Representative (on behalf of the Borrowers); provided, however, that if, on the date the Committed Loan Notice with respect to such Borrowing is given by the Borrower Representative (on behalf of the Borrowers), there are L/C
Borrowings outstanding, then the proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C Borrowings, and second, to the applicable Borrower as provided above. 

(c)    Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of
an Interest Period for such Eurocurrency Rate Loan unless the Borrowers pay the amount due under Section 3.06 in connection therewith. During the existence of an Event of Default, at the election of the Administrative Agent
or the Required Lenders, no Loans denominated in Dollars may be requested as, converted to or continued as Eurocurrency Rate Loans. 

(d)    The Administrative Agent shall promptly notify the Borrowers and the Lenders of the interest rate applicable to any
Interest Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate by the Administrative Agent shall be conclusive in the absence of manifest error. 

(e)    After giving effect to all Term Borrowings, all Revolving Credit Borrowings, all conversions of Term Loans or
Revolving Credit Loans from one Type to the other, and all continuations of Term Loans or Revolving Credit Loans as the same Type, there shall not be more than ten Interest Periods in effect. 

(f)    The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other
Lender of its obligation, if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on the date of any Borrowing. 

Section 2.03    Letters of Credit. 

(a)    The Letter of Credit Commitment. Subject to the terms and conditions set forth herein, (A) each L/C
Issuer agrees, in reliance upon the agreements of the other Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of
Credit Expiration Date, to issue Letters of Credit and bank guarantees for the account of any Borrower or any Subsidiary, other than subsidiaries of Parent incorporated or organized under the laws of the Federal Republic of Germany (provided
that the applicable Borrower hereby irrevocably agrees to reimburse the applicable L/C Issuer for amounts drawn on any Letters of Credit issued for the account of any other Borrower or any Subsidiary on a

  
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joint and several basis with such Subsidiary) and to amend or renew Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drafts under the
Letters of Credit and (B) the Revolving Credit Lenders under any Revolving Tranche severally agree to participate in Letters of Credit issued for the account of any Borrower or any Subsidiary; provided that no L/C Issuer shall be
obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no Lender shall be obligated to participate in any Letter of Credit, if as of the date of such L/C Credit Extension (w) the Total Revolving Credit Outstandings
would exceed the Revolving Credit Facility, (x) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender under the applicable Revolving Tranche, plus such Lender’s Pro Rata Share of the Outstanding Amount of all
L/C Obligations under such Revolving Tranche, would exceed such Lender’s Revolving Credit Commitment under such Revolving Tranche, (y) the Outstanding Amount of the L/C Obligations would exceed the Letter of Credit Sublimit or (z) the
Letter of Credit is denominated in an Alternative Currency which has not been agreed to by the Administrative Agent, such L/C Issuer, all of the Revolving Credit Lenders and the Borrower Representative. Within the foregoing limits, and subject to
the terms and conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have
expired or that have been drawn upon and reimbursed. 
 (i)    No L/C Issuer shall be under any obligation to issue any
Letter of Credit if: 
 (A)    any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive from any Governmental Authority with jurisdiction over such L/C Issuer shall
prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which, in
each case, such L/C Issuer in good faith deems material to it; 
 (B)    subject to Section
2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than 12 months after the date of issuance or last renewal, unless the Required Revolving Lenders and the L/C Issuer, in their sole discretion, have approved such
expiry date; 
 (C)    the expiry date of such requested Letter of Credit would occur after the Letter of
Credit Expiration Date, unless (i) all the Revolving Credit Lenders, the Administrative Agent and the L/C Issuer have approved such expiry date and/or (ii) the L/C Issuer has approved such expiry date and such requested Letter of Credit
has been Cash Collateralized by the applicant requesting such Letter of Credit in accordance with Section 2.16 at least five Business Days prior to the Letter of Credit Expiration Date; provided that in no event
shall any such extension act as an extension of the obligation of the Revolving Credit Lenders to participate in participating reimbursement obligations in respect of Letters of Credit following the Maturity Date; 

(D)    the issuance of such Letter of Credit would violate one or more generally applicable policies of
such L/C Issuer in place at the time of such request; 
 (E)    such Letter of Credit is in an initial
stated amount of less than a Euro Amount equal to €10,000 or such lesser amount as is acceptable to the applicable L/C Issuer and the Administrative Agent in each of their sole discretion; 

(F)    the L/C Issuer does not as of the issuance date of such requested Letter of Credit issue Letters of
Credit in the requested currency; or 
 (G)    any Revolving Credit Lender under the applicable Revolving
Tranche is at that time a Defaulting Lender, unless the applicable L/C Issuer has entered into arrangements, including reallocation of the Defaulting Lender’s Pro Rata Share of the outstanding L/C

  
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Obligations pursuant to Section 2.17(a)(iv) or the delivery of Cash Collateral in accordance with Section 2.16 with the Borrowers or such Lender to eliminate such
L/C Issuer’s actual or potential Fronting Exposure under such Revolving Tranche (after giving effect to Section 2.17(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or
that Letter of Credit and all other L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure under such Revolving Tranche. 

(ii)    No L/C Issuer shall be under any obligation to amend any Letter of Credit if (A) such L/C Issuer would have
no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(iii)    Each L/C Issuer shall act on behalf of the Revolving Credit Lenders under the applicable Revolving Tranche with
respect to any Letters of Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken
or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in
Article IX included each L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to each L/C Issuer. 

(b)    Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit. (i) Each
Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Representative delivered to the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application,
including agreed-upon draft language for such Letter of Credit reasonably acceptable to the applicable L/C Issuer (it being understood that such draft language for each such Letter of Credit must be in English or, if agreed to in the sole discretion
of the applicable L/C Issuer, accompanied by an English translation certified by the applicable Borrower to be a true and correct English translation), appropriately completed and signed by a Responsible Officer of the applicable Borrower. Such
Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. (New York City time) at least three Business Days in the case of a Letter of Credit to be denominated in Dollars, or at
least five Business Days in the case of a Letter of Credit to be denominated in Euros, Sterling or an Alternative Currency (or, in either case, such shorter period as such L/C Issuer and the Administrative Agent may agree in a particular instance in
their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail
reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day not later than the Letter of Credit Expiration Date, unless the Administrative Agent and the
L/C Issuer otherwise agree); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder;
(F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the currency in which the requested Letter of Credit will be denominated (which must be Dollars, Euros, Sterling or such other
Alternative Currency); (H) the Person for whose account the requested Letter of Credit is to be issued (which must be a Borrower Party); and (I) such other matters as the applicable L/C Issuer may reasonably request. In the case of a request
for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (1) the Letter of Credit to be amended; (2) the proposed date of
amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment and (4) such other matters as the applicable L/C Issuer may reasonably request. 

(ii)    Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer will confirm with the
Administrative Agent that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower Representative on behalf of the applicable Borrower and, if not, such L/C Issuer will provide the Administrative Agent with
a copy thereof. Upon receipt by such L/C Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, such L/C
Issuer shall, on the requested date, issue a Letter of Credit for the account of the applicable Borrower or any Subsidiary (as designated in the Letter of Credit Application) or enter into the applicable amendment, as the case may be. Immediately
upon the issuance of each Letter of Credit under any Revolving Tranche, each Revolving Credit Lender under such Revolving Tranche shall 

  
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be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of Credit in an amount equal to such Lender’s
Pro Rata Share of such Revolving Tranche multiplied by the amount of such Letter of Credit. 
 (iii)    If the Borrower
Representative on behalf of the applicable Borrower Party so requests in any applicable Letter of Credit Application, the applicable L/C Issuer may, in its sole discretion, agree to issue a Letter of Credit that has automatic renewal provisions
(each, an “Auto-Renewal Letter of Credit”); provided that if the applicable L/C Issuer would not have been obligated to issue such Letter of Credit as permitted under Section 2.03(a), then the L/C Issuer may prevent any such
renewal at the commencement of the upcoming 12-month period (unless Cash Collateralized or backstopped in a manner reasonably acceptable to the Administrative Agent and the applicable L /C Issuer) by giving
prior notice to the beneficiary thereof and the Borrower Representative not later 30 days after the commencement of such 12-month period. Unless otherwise directed by the applicable L/C Issuer, the Borrower
Representative shall not be required to make a specific request to the applicable L/C Issuer for any such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Lenders under the applicable Revolving Tranche shall be deemed to have
authorized (but may not require) the applicable L/C Issuer to permit the renewal of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that such L/C Issuer shall
not permit any such renewal if such L/C Issuer has determined that it would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof (by reason of the provisions of Section 2.03(a)(i) or
otherwise). 
 (iv)    Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an
advising bank with respect thereto or to the beneficiary thereof, the applicable L/C Issuer will also (A) deliver to the Borrower Representative, the applicable Borrower Party and the Administrative Agent a true and complete copy of such Letter
of Credit or amendment and (B) notify each Revolving Credit Lender of the applicable Revolving Tranche of such issuance or amendment and the amount of such Revolving Credit Lender’s Pro Rata Share therein. 

(v)    If (a) the beneficiary of a Letter of Credit issued hereunder is an issuer of a letter of credit not governed
by this Agreement to a Borrower or any Subsidiary (an “Other L/C”), and (b) such Letter of Credit is issued to provide credit support for such Other L/C, no amendments may be made to such Other L/C without the consent of the
applicable L/C Issuer hereunder. 
 (c)    Drawings and Reimbursements; Funding of Participations. (i) Upon
receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C Issuer shall notify the Borrower Representative (on behalf of the Borrowers) and the Administrative Agent thereof. Each
L/C Issuer shall notify the Borrower Representative (on behalf of the Borrowers) on the date of any payment by such L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), and the Borrowers shall reimburse such L/C
Issuer through the Administrative Agent (or to the applicable L/C Issuer if required by applicable Law) in an amount equal to the amount of such drawing (and in the same currency in which such drawing was made) no later than on the next succeeding
Business Day (and any reimbursement made on such next Business Day shall be taken into account in computing interest and fees in respect of any such Letter of Credit) after the Borrower Representative shall have received notice of such payment with
interest on the amount so paid or disbursed by such L/C Issuer, to the extent not reimbursed prior to 3:00 p.m. (New York City time) on the respective Honor Date, from and including the date paid or disbursed to but excluding the date such L/C
Issuer was reimbursed by the Borrowers therefor at a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Rate as in effect from time to time for Revolving Credit Loans that are maintained as Base Rate
Loans. If the Borrowers fail to so reimburse such L/C Issuer on such next Business Day, the Administrative Agent shall promptly notify each Revolving Credit Lender of the applicable Revolving Tranche of the Honor Date, the amount of the unreimbursed
drawing (expressed in the Euro Amount thereof in the case of Dollars, Sterling or an Alternative Currency) (the “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s Pro Rata Share thereof. In such event,
(x) in the case of an Unreimbursed Amount denominated in Dollars, the Borrowers shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans and (y) in the case of an Unreimbursed Amount denominated in Euros, Sterling
or an Alternative Currency expressed in its Euro Amount, the Borrowers shall be deemed to have requested a Revolving Credit Borrowing of Eurocurrency Rate Loans denominated in Euros, in each case, under the applicable Revolving Tranche and to be
disbursed on such date in an amount equal to (A) the Unreimbursed Amount plus (B) in the case of any Unreimbursed Amount denominated in Sterling or any 

  
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Alternative Currency and expressed in its Euro Amount, an additional amount equal to the amount required to convert Euros into Sterling or such Alternative Currency, without regard to the minimum
and multiples specified in Section 2.02 for the principal amount of Base Rate Loans or Eurocurrency Rate Loans, as the case may be, but subject to the amount of the unutilized portion of the Revolving Credit Commitments
under the applicable Revolving Tranche and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C Issuer or the Administrative Agent pursuant to this
Section 2.03(c)(i) may be given by telephone if promptly confirmed in writing; provided that the lack of such a prompt confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii)    Each Revolving Credit Lender under the applicable Revolving Tranche (including each Lender acting as an L/C
Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the applicable L/C Issuer, at the Administrative
Agent’s office in an amount equal to its Pro Rata Share of the Unreimbursed Amount not later than 3:00 p.m. (New York City time) in the case of amounts denominated in Dollars, and not later than 8:00 a.m. (New York City time) in the case of
amounts denominated in Euros, Sterling or an Alternative Currency, in each case on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit
Lender that so makes funds available shall be deemed to have made a Revolving Credit Loan in the form of in the case of a Letter of Credit (x) denominated in Dollars, a Base Rate Loan to the Borrowers in such amount and (y) denominated in
Euros, Sterling or an Alternative Currency, a Eurocurrency Rate Loan denominated in Euros to the Borrowers in such amount plus, in the case of any Unreimbursed Amount denominated in any Alternative Currency expressed in its Euro Amount, an
additional amount equal to the amount required to convert Euros into such Alternative Currency. The Administrative Agent shall remit the funds so received to the applicable L/C Issuer. 

(iii)    With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base
Rate Loans for Letters of Credit denominated in Dollars or Eurocurrency Rate Loans for Letters of Credit denominated in Euros, Sterling or an Alternative Currency, as the case may be, because the conditions set forth in
Section 4.02 cannot be satisfied or for any other reason, the Borrowers shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced
plus, in the case of any Unreimbursed Amount denominated in Sterling or an Alternative Currency expressed in its Euro Amount, an additional amount equal to the amount required to convert Euros into Sterling or such Alternative Currency, as
the case may be, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate then applicable to Revolving Credit Loans. In such event, each Revolving Credit Lender’s payment to the
Administrative Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Section 2.03. 
 (iv)    Until each
Revolving Credit Lender under the applicable Revolving Tranche funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in
respect of such Lender’s Pro Rata Share of such amount shall be solely for the account of such L/C Issuer. 

(v)    Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse the
applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim,
recoupment, defense or other right which such Lender may have against such L/C Issuer, any Borrower or any other Person for any reason whatsoever, (B) the unavailability of any currency, (C) the occurrence or continuance of a Default or
(D) 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 Revolving Credit Loans pursuant to this Section
2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower Representative (on behalf of the Borrowers) of a Committed Loan Notice). No such making of an L/C Advance shall relieve
or otherwise impair the obligation of the Borrowers to reimburse the applicable L/C Issuer for the amount of any payment made by the applicable L/C Issuer under any Letter of Credit, together with interest as provided herein. 

  
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 (vi)    If any Revolving Credit Lender fails to make available to the
Administrative Agent for the account of the applicable L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without
limiting the other provisions of this Agreement, such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is
required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the greater of the applicable Overnight Rate from time to time in effect and a rate reasonably determined by such L/C Issuer in
accordance with banking industry rules on interbank compensation, plus any reasonable administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with
interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the applicable L/C Issuer
submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error. 

(d)    Repayment of Participations. (i) If, at any time after an L/C Issuer under any Revolving Tranche has
made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Revolving Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), the
Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or, in the case of any Unreimbursed Amount denominated in Sterling or an Alternative Currency expressed in its Euro Amount, an
additional amount equal to the amount required to convert Euros into Sterling or such Alternative Currency, as the case may be, or, in each case interest thereon (whether directly from the Borrowers or otherwise, including proceeds of Cash
Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such
Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. 

(ii)    If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to
Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving
Credit Lender under the applicable Revolving Tranche shall pay to the Administrative Agent for the account of such L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause (ii) shall survive the payment in full of the Obligations and
the termination of this Agreement. 
 (e)    Obligations Absolute. The obligation of the Borrowers to reimburse
the applicable L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all
circumstances, including the following: 
 (i)    any lack of validity or enforceability of such Letter of Credit, this
Agreement, or any other agreement or instrument relating thereto; 
 (ii)    the existence of any claim, counterclaim,
setoff, defense or other right that the Borrowers may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the applicable L/C Issuer
or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii)    any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged,
fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of
Credit; 

  
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 (iv)    any payment by the applicable L/C Issuer under such Letter of Credit
against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the applicable L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in
bankruptcy, debtor-in-possession, assignee for the benefit of creditors, administrator, administrative receiver, judicial manager, liquidator, receiver or other
representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 

(v)    any exchange, release or non-perfection of any Collateral, or any release
or amendment or waiver of or consent to departure from the Guaranty or any other guarantee, for all or any of the Obligations of the Borrowers in respect of such Letter of Credit; or 

(vi)    any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any
other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrowers. 
 The Borrowers shall promptly
examine a copy of each Letter of Credit and each amendment thereto that is delivered to them and, in the event of any claim of noncompliance with the instructions of the Borrower Representative (on behalf of the Borrowers) or other irregularity, the
Borrower Representative (on behalf of the Borrowers) will promptly notify the applicable L/C Issuer. The Borrowers shall be conclusively deemed to have waived any such claim against any L/C Issuer and its correspondents unless such notice is given
as aforesaid. 
 (f)    Role of L/C Issuer. Each Lender and the Borrowers agree that, in paying any drawing under
a Letter of Credit, the applicable L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity
or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the applicable L/C Issuer, any Agent-Related Person nor any of the respective correspondents, participants or assignees of the
applicable L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Revolving Credit Lenders or the Required Revolving Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final, non-appealable judgment) or (iii) the due execution,
effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application. The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee with respect to
its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrowers from pursuing such rights and remedies as they may have against the beneficiary or transferee at Law or
under any other agreement. None of the applicable L/C Issuer, any Agent-Related Person, nor any of the respective correspondents, participants or assignees of such L/C Issuer, shall be liable or responsible for any of the matters described in
clauses (i) through (vi) of Section 2.03(c); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrowers may have a claim against such L/C Issuer, and such L/C Issuer may be
liable to the Borrowers, to the extent, but only to the extent, of any direct, as opposed to indirect, special, punitive, consequential or exemplary, damages suffered by the Borrowers which a court of competent jurisdiction determines in a final non-appealable judgment were caused by such L/C Issuer’s willful misconduct or gross negligence. In furtherance and not in limitation of the foregoing, the applicable L/C Issuer may accept documents that appear
on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and such L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 

(g)    Letter of Credit Fees. The Borrowers shall pay to the Administrative Agent for the account of each Revolving
Credit Lender in accordance with its Pro Rata Share, a Letter of Credit fee which shall accrue for each Letter of Credit of each Revolving Tranche in an amount equal to the Applicable Rate then in effect for Eurocurrency Rate Loans denominated in
Dollars with respect to the Revolving Credit Facility multiplied by the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum
amount increases periodically pursuant to the terms of such Letter of Credit); provided, however, that any Letter of Credit fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which
such Defaulting Lender has not provided 

  
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Cash Collateral satisfactory to the applicable L/C Issuer pursuant to this Section 2.03 shall be payable, to the maximum extent permitted by applicable Law, to the other
Lenders under the applicable Revolving Tranche in accordance with the upward adjustments in their respective Pro Rata Shares allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to
the applicable L/C Issuer for its own account. Such Letter of Credit fees shall be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, in respect of the
quarterly period then ending (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and on
the Maturity Date for the Revolving Credit Facility. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each
period during such quarter that such Applicable Rate was in effect. Each payment of fees under this Section 2.03(g) on any Letters of Credit shall be made in Euros. 

(h)    Fronting Fee and Documentary and Processing Charges Payable to an L/C Issuer. The Borrowers shall pay
directly to the applicable L/C Issuer for its own account a fronting fee at a rate equal to 0.125% per annum computed on the maximum daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee
shall be due and payable on the last Business Day of each March, June, September and December in respect of the quarterly period then ending (or portion thereof, in the case of the first payment), commencing with the first such date to occur after
the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and on the Maturity Date for the Revolving Credit Facility. For purposes of computing the maximum daily amount available to be drawn under any
Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.08. Each payment of fees required above under this Section 2.03(h) on any Letters of Credit denominated in an
Alternative Currency shall be made in the relevant Alternative Currency (even if the Borrowers are required to convert currency to do so). In addition, the Borrowers shall pay directly to the applicable L/C Issuer for its own account the customary
issuance, presentation, administration, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges
are due and payable within five Business Days of demand and are nonrefundable. 
 (i)    Conflict with Letter of
Credit Application. In the event of any conflict between the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control. 

(j)    Reporting. To the extent that any Letters of Credit are issued by an L/C Issuer other than the
Administrative Agent, each such L/C Issuer shall furnish to the Administrative Agent a report detailing the daily L/C Obligations outstanding under all Letters of Credit issued by it under any Revolving Tranche of the Revolving Credit Facility, such
report to be in a form and at reporting intervals as shall be agreed between the Administrative Agent and such L/C Issuer; provided that in no event shall such reports be furnished at intervals greater than 31 days. 

(k)    Provisions Related to Extended Revolving Credit Commitments. If the Maturity Date in respect of any
Revolving Tranche of Revolving Credit Commitments occurs prior to the expiration of any Letter of Credit, then (i) if one or more other tranches of Revolving Credit Commitments in respect of which the Maturity Date shall not have occurred are
then in effect, such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in
respect thereof pursuant to this Section 2.03) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Revolving
Tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated)
and to the extent any Letters of Credit are not able to be reallocated pursuant to this clause (i) and there are outstanding Revolving Credit Loans under the non-terminating Revolving Tranches, the
Borrowers agree to repay all such Revolving Credit Loans (or such lesser amount as is necessary to reallocate all Letters of Credit pursuant to this clause (i)) or (ii) to the extent not reallocated pursuant to immediately preceding
clause (i), the Borrowers shall Cash Collateralize any such Letter of Credit in accordance with Section 2.16 but only up to the amount of such Letter of Credit not so reallocated. Except to the extent of
reallocations of participations pursuant to clause (i) of the immediately preceding sentence, the occurrence of a Maturity Date with respect to a given tranche of Revolving Credit Commitments shall have no effect upon (and shall not
diminish) the percentage participations of the Revolving Credit Lenders in any Letter of Credit issued before such Maturity Date. 

  
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 Section 2.04    [Reserved]. 

Section 2.05    Prepayments. 

(a)    Optional. (i) The Borrowers may, upon written notice by the Borrower Representative (on behalf of the
Borrowers) to the Administrative Agent, at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty except as set forth in Section 2.05(a)(iv) below; provided that (1) such notice must
be received by the Administrative Agent not later than 12:00 p.m. (New York City time) (A) three Business Days prior to any date of prepayment of Eurocurrency Rate Loan and (B) one Business Day prior to any date of prepayment of Base Rate
Loans; (2) any prepayment of Eurocurrency Rate Loans shall be in a principal Euro Amount of €1,000,000 (or in the case of a prepayment of a Loan denominated in Dollars, $1,000,000) or a whole multiple of the Euro Amount of €1,000,000
(or in the case of prepayment of a Loan denominated in Dollars, $1,000,000) in excess thereof; and (3) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof or, in each
case, if less, the entire principal amount thereof then outstanding (it being understood that Base Rate Loans shall be denominated in Dollars only). Each such notice shall specify the date and amount of such prepayment, the Tranche of Loans to be
prepaid, the Type(s) of Loans to be prepaid and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans (except that if the class of Loans to be prepaid includes both Base Rate Loans and Eurocurrency Rate Loans, absent
direction by the Borrower Representative (on behalf of the Borrowers), the applicable prepayment shall be applied first to Base Rate Loans to the full extent thereof before application to Eurocurrency Rate Loans, in each case in a manner that
minimizes the amount payable by the Borrowers in respect of such prepayment pursuant to Section 3.06). The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such
Lender’s ratable portion of such prepayment (based on such Lender’s ratable share of the relevant Facility). If such notice is given by the Borrower Representative (on behalf of the Borrowers), subject to
clause (iii) below, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by
all accrued interest thereon, together with any additional amounts required pursuant to Section 2.05(a)(iv) and Section 3.06. Subject to Section 2.17, each prepayment of outstanding Term
Loan Tranches pursuant to this Section 2.05(a) shall be applied to each Term Loan Tranche on a pro rata basis (or, if agreed to in writing by the Majority Lenders of a Term Loan Tranche, in a manner that provides for more favorable prepayment
treatment of other Term Loan Tranches, so long as each other such Term Loan Tranche receives its Pro Rata Share of any amount to be applied more favorably, except to the extent otherwise agreed by the Majority Lenders of each Term Loan Tranche
receiving less than such Pro Rata Share) (other than a prepayment of Term Loans with the proceeds of (x) Indebtedness incurred pursuant to Section 2.18 or (y) any Refinancing Notes issued to the extent permitted
under Section 7.02(o)(i), which, in each case, shall be applied to the Term Loan Tranche being refinanced pursuant thereto). All voluntary prepayments of a Term Loan Tranche in accordance with this Section 2.05(a) shall be applied to
the remaining scheduled installments of the respective Term Loan Tranche as directed by the Borrowers (or, if the Borrowers have not made such designation, in direct order of maturity); and each such prepayment shall be paid to the Appropriate
Lenders on a pro rata basis, except as set forth above. 
 (ii)    [Reserved]. 

(iii)    Notwithstanding anything to the contrary contained in this Agreement, any notice of prepayment under
Section 2.05(a) may state that it is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such
notice may be revoked by the applicable Borrowers (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. 

(iv)    In the event that, on or prior to the date that is six (6) months after the Closing Date, any Borrower
(x) prepays, repays, refinances, substitutes or replaces any Term Loans in connection with a Repricing Transaction, or (y) effects any amendment, modification or waiver of, or consent under, this Agreement resulting in a Repricing
Transaction (in each case other than in connection with Indebtedness incurred for a Change of Control, a Transformative Acquisition or an IPO), such Borrower shall pay to the Administrative Agent, for the

  
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ratable account of each of the applicable Lenders, (I) in the case of clause (x), a premium of 1.00% of the aggregate principal amount of the Term Loans so prepaid, repaid,
refinanced, substituted or replaced and (II) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the Term Loans that are the subject of such Repricing Transaction outstanding immediately prior to such
amendment, modification, waiver or consent. If, on or prior to the date that is six (6) months after the Closing Date, all or any portion of the Term Loans held by any Lender are prepaid, repaid, refinanced, substituted or replaced as a result
of, or in connection with, such Lender not agreeing or otherwise consenting to any waiver, consent, modification or amendment referred to in clause (y) above (or otherwise in connection with a Repricing Transaction), such
prepayment, repayment, refinancing, substitution or replacement will be made at 101% of the principal amount so prepaid, repaid, refinanced, substituted or replaced. All such amounts shall be due and payable on the date of effectiveness of such
Repricing Transaction. 
 (b)    Mandatory. (i) Within five (5) Business Days after financial
statements have been delivered pursuant to Section 6.01(c) and the related Compliance Certificate has been delivered pursuant to Section 6.01(d) (or, if earlier, the date on which such financial statements and such Compliance
Certificate are required to be delivered pursuant to such clauses), the Borrowers shall prepay an aggregate principal amount of Term Loans in an amount equal to (A) 50.0% (as may be adjusted pursuant to the proviso below) of Excess Cash Flow for the
Fiscal Year covered by such financial statements commencing with the Fiscal Year ended September 30, 2016, minus (B) the sum of (1) the aggregate amount of voluntary principal prepayments of the Loans made during such fiscal
year or after year-end and prior to when such Excess Cash Flow prepayment is due (except prepayments of Revolving Credit Loans that are not accompanied by a corresponding permanent commitment reduction of the
corresponding Revolving Credit Commitments but including Loans repurchased pursuant to Dutch Auctions or open market purchases in an amount equal to the discounted purchase price of such Loans paid in respect of such Loans pursuant to such Dutch
Auctions or through open market purchases), in each case other than to the extent that any such prepayment is funded with the proceeds of a Prepayment Asset Sale, Specified Refinancing Debt, Refinancing Notes or any long-term Indebtedness and
(2) any amount not required to be applied pursuant to Section 2.05(b)(ix) during such period; provided that such percentage in respect of any Excess Cash Flow Period shall be reduced to 25.0% or 0% if the Total Net Leverage Ratio
(as of the last day of the Fiscal Year to which such Excess Cash Flow Period relates and as evidenced by financial statements that have been delivered pursuant to Section 6.01(c) and a Compliance Certificate delivered pursuant to Section
6.01(d) in each case in respect of such Fiscal Year) was less than or equal to 5.00:1.00 or 4.50:1.00, respectively. 

(ii)    (A) If (x) any member of the Restricted Group Disposes of any property or assets pursuant to a Prepayment
Asset Sale and such Disposition results in the receipt of Net Proceeds or (y) any casualty event occurs and results in the receipt by any member of the Restricted Group of Net Insurance/Condemnation Proceeds, in each case, in excess of (x)
€10,000,000 in a single transaction or series of related transactions and (y) €30,000,000 in the aggregate in any Fiscal Year (any such transaction or series of related transactions resulting in Net Proceeds or Net Insurance/Condemnation
Proceeds, a “Relevant Transaction”), (1) the Borrower Representative (on behalf of the Borrowers) shall give written notice to the Administrative Agent thereof promptly after the date of receipt of such Net Proceeds or Net
Insurance/Condemnation Proceeds, as applicable, and (2) except to the extent the Borrowers elect in such notice to reinvest all or a portion of such Net Proceeds or Net Insurance/Condemnation Proceeds, as applicable, in accordance with
Section 2.05(b)(ii)(B) (which election shall not be permitted while an Event of Default exists), the Borrowers shall prepay, subject to Section 2.05(b)(viii) an aggregate principal amount of Term Loans in an amount equal to all Net
Proceeds or Net Insurance/Condemnation Proceeds, as applicable, received from such Relevant Transaction within five (5) Business Days of receipt thereof by such member of the Restricted Group; provided that the Borrowers may use a
portion of the Net Cash Proceeds received from such Relevant Transaction to prepay or repurchase any other Indebtedness that is secured by the Collateral on a first lien “equal and ratable” basis with Liens securing the Obligations to the
extent such other Indebtedness and the Liens securing the same are permitted hereunder and the documentation governing such other Indebtedness requires such a prepayment or repurchase thereof with the proceeds of such Relevant Transaction, to the
extent not deducted in the calculation of Net Cash Proceeds, in each case in an amount not to exceed the product of (1) the amount of such Net Cash Proceeds and (2) a fraction, the numerator of which is the outstanding principal amount of
such other Indebtedness (or to the extent such amount is not in Euros, such equivalent amount of such Indebtedness converted into Euros as determined in accordance with Section 1.08) and the denominator of which is the
aggregate outstanding principal amount of Term Loans and such other Indebtedness (or to the extent such amount is not in Euros, such equivalent amount of such Indebtedness converted into Euros as determined in accordance with
Section 1.08). 

  
 75 

 (B)    With respect to any Net Proceeds or Net
Insurance/Condemnation Proceeds, as applicable, realized or received with respect to any Relevant Transaction, at the option of the Borrowers, the Borrowers may reinvest all or any portion of such Net Proceeds or Net Insurance/Condemnation Proceeds,
as applicable, in the business within 365 days following receipt of such Net Proceeds or Net Insurance/Condemnation Proceeds, as applicable (or, if the relevant member of the Restricted Group has contractually committed within 365 days following
receipt of such Net Proceeds or Net Insurance/Condemnation Proceeds, as applicable, to reinvest such Net Proceeds or Net Insurance/Condemnation Proceed, as applicable, then within 545 days following receipt of such Net Proceeds or Net
Insurance/Condemnation Proceeds, as applicable); provided, however, that if any of such Net Proceeds or Net Insurance/Condemnation Proceed, as applicable, are no longer intended to be so reinvested at any time after the occurrence of
the Relevant Transaction (or are not reinvested within such 365 days or 545 days, as applicable), an amount equal to any such Net Proceeds or Net Insurance/Condemnation Proceeds, as applicable, shall be promptly applied to the prepayment of Term
Loans (subject to the proviso set forth in clause (A) above) as set forth in this Section 2.05. 

(iii)    Upon the incurrence or issuance by any member of the Restricted Group of any Refinancing Notes, any Specified
Refinancing Term Loans or any Indebtedness not expressly permitted to be incurred or issued pursuant to Section 7.01, the Borrowers shall prepay an aggregate principal amount of Term Loan Tranches in an amount equal to
100.0% of all Net Proceeds received therefrom immediately upon receipt thereof by such member of the Restricted Group. 

(iv)    [Reserved]. 

(v)    Upon the incurrence by any member of the Restricted Group of any Specified Refinancing Debt constituting revolving
credit facilities, the Borrowers shall prepay an aggregate principal amount of the applicable Tranche of Revolving Credit Loans in an amount equal to 100.0% of all Net Proceeds received therefrom immediately upon receipt thereof by such member of
the Restricted Group. 
 (vi)    If for any reason the sum of the Total Revolving Credit Outstandings under any
Revolving Tranche at any time exceed the sum of the Revolving Tranches then in effect (including after giving effect to any reduction in the Revolving Credit Commitments pursuant to Section 2.06), the Borrowers shall
immediately prepay Revolving Tranches and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess, and each prepayment and the provision of Cash Collateral shall be applied to each Revolving Tranche on a pro rata basis;
provided, however, that the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(vi) unless after the prepayment in full of the Revolving Tranches the sum of the Total
Revolving Credit Outstandings exceed the aggregate Revolving Credit Commitments under such Tranche. 
 (vii)    Subject
to Section 2.17, each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied to each Term Loan Tranche on a pro rata basis (or, if agreed to in writing by the Majority Lenders of a Term Loan
Tranche, in a manner that provides for more favorable prepayment treatment of other Term Loan Tranches, so long as each other such Term Loan Tranche receives its Pro Rata Share of any amount to be applied more favorably, except to the extent
otherwise agreed by the Majority Lenders of each Term Loan Tranche receiving less than such Pro Rata Share) (other than a prepayment of (x) Term Loans or Revolving Credit Loans, as applicable, with the proceeds of Indebtedness incurred pursuant
to Section 2.18, which shall be applied to the Term Loan Tranche or Revolving Tranche, as applicable, being refinanced pursuant thereto or (y) Term Loans with the proceeds of any Refinancing Notes issued to the extent
permitted under Section 7.02(a)(i), which shall be applied to the Term Loan Tranche being refinanced pursuant thereto). Amounts to be applied to a Term Loan Tranche in connection with prepayments made pursuant to this Section 2.05(b)
shall be applied (A) (to the extent applicable) to the scheduled installments with respect to such Term Loan Tranche in direct order of maturity of the remaining scheduled installments following the relevant prepayment event or, (B) if there
are no scheduled installments with respect to such Term Loan Tranche, to reduce the final bullet amount due on maturity of such Term Loan Tranche. Each prepayment of Term Loans under a Facility pursuant to this Section 2.05(b) shall be
applied on a pro rata basis to the then outstanding Base Rate Loans and Eurocurrency Rate Loans under such Facility; provided that, if there are no Declining Lenders with respect to such prepayment, then the amount thereof

  
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shall be applied first to Base Rate Loans under such Facility to the full extent thereof before application to Eurocurrency Rate Loans, in each case in a manner that minimizes the amount payable
by the Borrowers in respect of such prepayment pursuant to Section 3.06. 
 (viii)    All
prepayments under this Section 2.05 shall be made together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect
of such Eurocurrency Rate Loan pursuant to Section 3.06 and, to the extent applicable, any additional amounts required pursuant to Section 2.05(a)(iv). Notwithstanding any of the other provisions of this Section
2.05(b), so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05(b), other than on the last day of the Interest Period therefor,
either Borrower may, in its sole discretion, deposit the amount of any such prepayment otherwise required to be made thereunder with the Administrative Agent to be held as security for the obligations of the applicable Borrower to make such
prepayment pursuant to a cash collateral agreement to be entered into on terms reasonably satisfactory to the Administrative Agent until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any
further action by or notice to or from the Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05(b) (determined as of the date such prepayment was required to be
originally made); provided that, such unpaid Eurocurrency Rate Loans shall continue to bear interest in accordance with Section 2.08 until such unpaid Eurocurrency Rate Loans have been prepaid. Upon the occurrence
and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrowers or any other Loan Party) to apply such amount to the prepayment of the
outstanding Loans in accordance with this Section 2.05(b) (determined as of the date such prepayment was required to be originally made). Notwithstanding anything to the contrary contained in this Agreement, any amounts held by the
Administrative Agent pursuant to this clause (vii) pending application to the applicable Term Loans shall be held and applied to the satisfaction of the applicable Term Loans prior to any other application of such property as may be
provided for herein. 
 (ix)    Notwithstanding any other provisions of this Section 2.05, to
the extent that any or all of the Net Proceeds of any Disposition pursuant to a Prepayment Asset Sale by a Subsidiary (a “Foreign Disposition”) or the Net Insurance/Condemnation Proceeds of any casualty event from a Subsidiary (a
“Foreign Casualty Event”), in each case giving rise to a prepayment event pursuant to Section 2.05(b)(ii), or Excess Cash Flow attributable to a Subsidiary giving rise to a prepayment event pursuant to Section
2.05(b)(i) are or is prohibited, restricted or delayed by applicable local law from being repatriated to Germany, Luxembourg or the United States, as the case may be, (A) the portion of such Net Proceeds, Net Insurance/Condemnation Proceeds
or Excess Cash Flow so affected will not be required to be applied to repay Term Loans at the times provided in this Section 2.05 but may be retained by the applicable Subsidiary so long, but only so long, as the applicable
local law will not permit repatriation to Germany, Luxembourg or the United States, as the case may be (the Borrowers hereby agreeing to use commercially reasonable efforts to cause the applicable Subsidiary to promptly take all actions reasonably
required by the applicable local law to permit such repatriation), and once such repatriation of any of such affected Net Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow is permitted under the applicable local law, such
repatriation will be immediately effected and such repatriated Net Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow will be promptly (and in any event not later than two Business Days after such repatriation) applied (net of
additional taxes payable or reserved against as a result thereof) to the repayment of the Loans pursuant to this Section 2.05 to the extent provided herein and (B) to the extent that the Borrower Representative has
determined in good faith that repatriation of any or all of the Net Proceeds of any Foreign Disposition, Net Insurance/Condemnation Proceeds of any Foreign Casualty Event or Excess Cash Flow would have a material adverse tax cost consequence (taking
into account any foreign tax credit or benefit actually realized in connection with such repatriation) with respect to such Net Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow, the Net Proceeds, Net Insurance/Condemnation Proceeds
or Excess Cash Flow so affected may be retained by the applicable Subsidiary; provided that, in the case of this clause (B), on or before the date on which any Net Proceeds or Net Insurance/Condemnation Proceeds so retained would
otherwise have been required to be applied to reinvestments or prepayments pursuant to this Section 2.05 (or 12 months after the date such Excess Cash Flow would have been so required to be applied if it were Net Proceeds),
(x) the applicable Borrower shall apply an amount equal to such Net Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow to such reinvestments or prepayments as if such Net Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash
Flow had been received by the applicable Borrower rather than such Subsidiary, less the amount of 

  
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additional taxes that would have been payable or reserved against if such Net Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow had been repatriated (or, if less, the Net
Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow that would be calculated if received by such Subsidiary) or (y) such Net Proceeds, Net Insurance/Condemnation Proceeds or Excess Cash Flow are applied to the repayment of
Indebtedness of a Subsidiary, in each case, other than as mutually agreed by the Borrower Representative and the Administrative Agent. 

(x)    The Borrower Representative shall deliver to the Administrative Agent, at the time of each prepayment required
under this Section 2.05(b), a certificate signed by a Responsible Officer of the Borrower Representative setting forth in reasonable detail the calculation of the amount of such prepayment. Each such certificate shall specify the Borrowings
being prepaid and the principal amount of each Borrowing (or portion thereof) to be prepaid. 
 (c)    Term Lender Opt-Out. With respect to any prepayment of Initial Term Loans and, unless otherwise specified in the documents therefor, other Term Loan Tranches pursuant to Section 2.05(b)(i), (ii) or
(iii), any Appropriate Lender, at its option (but solely to the extent the Borrower Representative elects for this Section 2.05(c) to be applicable to a given prepayment), may elect not to accept such prepayment as provided below. The
Borrower Representative (on behalf of the Borrowers) may notify the Administrative Agent of any event giving rise to a prepayment under Section 2.05(b)(i), (ii) or (iii) at least three Business Days prior to the date of
such prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount of such prepayment that is required to be made under Section 2.05(b)(i), (ii) or (iii) (the
“Prepayment Amount”). The Administrative Agent will promptly notify each Appropriate Lender of the contents of any such prepayment notice so received from the Borrower Representative (on behalf of the Borrowers), including the date
on which such prepayment is to be made (the “Prepayment Date”). Any Appropriate Lender may (but solely to the extent the Borrower Representative elects for this Section 2.05(c) to be applicable to a given prepayment) decline
to accept all (but not less than all) of its share of any such prepayment (any such Lender, a “Declining Lender”) by providing written notice to the Administrative Agent on or prior to the time and in the manner specified by the
Administrative Agent in its notice to the Appropriate Lenders regarding such prepayment. If any Appropriate Lender does not give a notice to the Administrative Agent within the timeframe specified by the Administrative Agent informing the
Administrative Agent that it declines to accept the applicable prepayment, then such Lender will be deemed to have accepted such prepayment. On any Prepayment Date, an amount equal to the Prepayment Amount minus the portion thereof allocable to
Declining Lenders, in each case for such Prepayment Date, shall be paid to the Administrative Agent by the Borrowers and applied by the Administrative Agent ratably to prepay Term Loans under the Term Loan Tranches owing to Appropriate Lenders
(other than Declining Lenders) in the manner described in Section 2.05(b) for such prepayment. Any amounts that would otherwise have been applied to prepay Term Loans, Incremental Term Loans or Specified Refinancing Term Loans owing to
Declining Lenders shall be retained by the Borrowers (such amounts, “Declined Amounts”). 
 (d)    All
Loans shall be repaid, whether pursuant to this Section 2.05 or otherwise, in the currency in which they were made. 

Section 2.06    Termination or Reduction of Commitments. 

(a)    Optional. The Borrowers may, upon written notice by the Borrower Representative (on behalf of the Borrowers)
to the Administrative Agent, terminate the unused portions of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the unused Revolving Credit Commitments under any Revolving Tranche, or from time to time permanently reduce
the unused portions of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the unused Revolving Credit Commitments under any Revolving Tranche; provided that (i) any such notice shall be received by the
Administrative Agent five Business Days (or such shorter period as the Administrative Agent shall agree) prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of (x) €2,000,000 or
any whole multiple of €500,000 in excess thereof in respect of Commitments denominated in Euros and (y) $2,000,000 or any whole multiple of $500,000 in excess thereof in respect of Commitments denominated in Dollars and (iii) the Borrowers
shall not terminate or reduce (A) the Commitments under any Tranche of the Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, (x) the Total Revolving Credit Outstandings would exceed the
Revolving Credit Facility or (y) the Total Revolving Credit Outstandings with respect to such Tranche would exceed 

  
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the Revolving Credit Commitments under such Tranche or (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash
Collateralized hereunder would exceed the Letter of Credit Sublimit. Any such notice of termination or reduction of commitments pursuant to this Section 2.06(a) may state that it is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower Representative (by written notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. 

(b)    Mandatory. (i) The Aggregate Commitments under a Term Loan Tranche shall be automatically and
permanently reduced to zero on the date of the initial incurrence of Term Loans under such Term Loan Tranche. 

(ii)    Upon the incurrence by any member of the Restricted Group of any Specified Refinancing Debt constituting
revolving credit facilities, the Revolving Credit Commitments of the Lenders of the Tranche of Revolving Credit Loans being refinanced shall be automatically and permanently reduced on a ratable basis by an amount equal to 100.0% of the Commitments
under such revolving credit facilities. 
 (iii)    If after giving effect to any reduction or termination of Revolving
Credit Commitments under this Section 2.06, the Letter of Credit Sublimit exceeds the amount of the Revolving Credit Facility at such time, the Letter of Credit Sublimit shall be automatically reduced by the amount of such
excess. 
 (iv)    If, after giving effect to any determination of the Euro Amount for Revolving Credit Loans and L/C
Obligations on any Revaluation Date, the aggregate Outstanding Amount of the Revolving Credit Loans exceeds the aggregate amount of Revolving Credit Commitments then in effect by 5.0% or more, the Borrowers shall, within five Business Days of
receipt of notice thereof from the Administrative Agent setting forth such calculation in reasonable detail, prepay the applicable outstanding Euro Amount of the Revolving Credit Loans or take other action as the Administrative Agent, in its
discretion, may direct (including Cash Collateralization of the applicable L/C Obligations in amounts from time to time equal to such excess) to the extent necessary to eliminate any such excess. 

(v)    The aggregate Revolving Credit Commitments with respect to the applicable Revolving Credit Facility shall
automatically and permanently be reduced to zero on the Maturity Date with respect to such Revolving Credit Facility. 

(c)    Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the
Lenders of the applicable Revolving Credit Facility of any termination or reduction of the Commitments under the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of
Commitments under a Facility or Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than
the termination of the Commitment of any Lender as provided in Section 3.08). All Revolving Facility Fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the
effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any
prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches. 

  
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 Section 2.07    Repayment of Loans. 

(a)    Initial Term Loans. The Term Borrowers shall repay to the Administrative Agent for the ratable account of the
Term Lenders holding Initial Term Loans the aggregate principal amount of all Initial Term Loans outstanding in consecutive quarterly scheduled installments (which scheduled installments shall, to the extent applicable, be reduced as a result of the
application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06): 
  

									
	 Date
	 	 Amount of Initial

U.S. Borrower Dollar
 Term
Loans
	 	 Amount of Initial

German Borrower
 Dollar Term
Loans
	 	 Amount of Initial

Erste Euro Term

Loans
	 	 Amount of Initial

GmbH Euro Term

Loans

	 The last Business Day of each March, June, September and December
ending prior to the Maturity Date for the Initial Term Loans, starting with September 30, 2015
	 	$1,283,607	 	$548,550	 	€282,500	 	€250,000
					
	 Maturity Date for the Initial Term Loans
	 	All unpaid aggregate principal amounts of any outstanding Initial U.S. Borrower Dollar Term Loans owed by the U.S. Borrower	 	All unpaid aggregate principal amounts of any outstanding Initial German Borrower Dollar Term Loans owed by KP Erste	 	All unpaid aggregate principal amounts of any outstanding Initial Erste Euro Term Loans owed by KP Erste	 	All unpaid aggregate principal amounts of any outstanding Initial GmbH Euro Term Loans owed by KP GbmH

 (b)    The principal amount of Incremental Term Loans of each Term Lender shall be repaid
as provided in the amendment to this Agreement in respect of such Incremental Term Loans as contemplated by Section 2.14, subject to the requirements of Section 2.14 (which installments shall, to
the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Incremental Term
Loans pursuant to Section 2.14 (such increased scheduled installments to be calculated in the same manner (and on the same basis) as the schedule set forth in the amendment to this Agreement in respect of such Incremental
Term Loans as contemplated by Section 2.14 for the initial incurrence of such Incremental Term Loans)). To the extent not previously paid, each Incremental Term Loan shall be due and payable on the Maturity Date applicable
to such Incremental Term Loans. 
 (c)    The principal amount of Specified Refinancing Term Loans of each Term Lender
shall be repaid as provided in the Refinancing Amendment, subject to the requirements of Section 2.18 (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in
accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Specified Refinancing Term Loans pursuant to Section 2.18 (such increased
scheduled installments to be calculated in the same manner (and on the same basis) as the schedule set forth in the Refinancing Amendment for the initial incurrence of such Specified Refinancing Term Loans)). To the extent not previously paid, each
Specified Refinancing Term Loan shall be due and payable on the Maturity Date applicable to such Specified Refinancing Term Loans. 

(d)    The principal amount of Extended Term Loans of each Extending Term Lender shall be repaid as provided in the
amendment to this Agreement in respect of such Extended Term Loans as contemplated by Section 2.15, subject to the requirements of Section 2.15 (which installments shall, to the extent applicable,
be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06). To the extent not previously paid, each Extended Term Loan shall be due and payable on the Maturity
Date applicable to such Extended Term Loans. 
 (e)    Revolving Credit Loans. The Borrowers shall repay to the
Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facility of a given Tranche the aggregate principal amount of all of its Revolving Credit Loans of such Tranche
outstanding on such date. 
 (f)    All Loans shall be repaid, whether pursuant to this
Section 2.07 or otherwise, in the currency in which they were made. 

  
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 Section 2.08    Interest. 

(a)    (i) Each Eurocurrency Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof for
each Interest Period from the applicable borrowing date or conversion date, as the case may be, at a rate per annum equal to the sum of (A) the Adjusted Eurocurrency Rate applicable to the currency in which such Eurocurrency Rate Loan is
incurred for such Interest Period plus (B) the Applicable Rate for Eurocurrency Rate Loans under such Facility; and (ii) each Base Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date or conversion date, as the case may be, at a rate per annum equal to the sum of (A) the Base Rate plus (B) the Applicable Rate for Base Rate Loans under such Facility. Each Revolving Credit Loan denominated
in Euro or an Alternative Currency shall be a Eurocurrency Rate Loan. The Borrowers shall pay interest on all overdue principal of any Loan, which shall include all principal amounts following an acceleration pursuant to
Section 8.02 (including an automatic acceleration), at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. Accrued and unpaid interest on past due
amounts (including interest on past due interest) shall be due and payable upon demand. 
 (b)    Accrued interest on
each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein; provided that in the event of any repayment or prepayment of any Loan (other than Revolving
Credit Loans bearing interest based on the Base Rate that are repaid or prepaid without any corresponding termination or reduction of the Revolving Credit Commitments other than as set forth in Section 2.14(e)), accrued interest on the
principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any
proceeding under any Debtor Relief Law. 
 (c)    Interest on each Loan shall be payable in the currency in which each
Loan was made. 
 (d)    All computations of interest hereunder shall be made in accordance with
Section 2.10 of this Agreement. 
 (e)    When entering into this Agreement, the parties have
assumed that the interest payable is not and will not become subject to any tax deduction on account of Swiss Withholding Tax. Notwithstanding the foregoing, if a tax deduction is required by law in respect of any payment by a Swiss Guarantor or any
other Loan Party qualifying as a Swiss resident pursuant to art 9 of the Swiss Withholding Tax Act (a “Relevant Entity”) under this Agreement or any other Loan Document and should it be unlawful for such Relevant Entity to comply
with any applicable gross-up provision in this Agreement or any other Loan Document for any reason (where this would otherwise be required by the terms of such gross-up
provision) then: (i) the applicable interest rate in relation to that interest payment shall be the interest rate which would have applied to that interest payment as provided for divided by 1 minus the rate at which the relevant tax deduction
is required to be made under Swiss domestic tax law and/or applicable double taxation treaties (where the rate at which the relevant tax deduction is required to be made is for this purpose expressed as a fraction of 1); (ii) such Relevant Entity
shall: (A) pay the relevant interest at the adjusted rate in accordance with clause (i) above and (B) make the tax deduction on the interest so recalculated; and (iii) all references to a rate of interest under this Agreement or
any other Loan Document shall be construed accordingly. 
 (f)    To the extent that interest payable by a Relevant
Entity under this Agreement or any other Loan Document becomes subject to Swiss Withholding Tax, each relevant Lender and each Relevant Entity shall promptly cooperate in completing any procedural formalities (including submitting forms and
documents required by the appropriate tax authority to the extent possible and necessary (i) for such Swiss Guarantor to obtain authorization to make interest payments without them being subject to Swiss Withholding Tax and (ii) to ensure
that any person which is entitled to a full or partial refund under any applicable double taxation treaty is so refunded. 

  
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 Section 2.09    Fees. In addition to certain fees described in
Sections 2.03(g) and (h): 
 (a)    Revolving Facility Fees. 

(i)    The relevant Borrowers shall pay to the Administrative Agent for the account of each U.S. Revolving Credit Lender
in accordance with its Pro Rata Share of each Tranche of the U.S. Revolving Credit Facility a revolving facility fee (collectively, the “U.S. Revolving Facility Fees”) calculated at a rate per annum equal to (x) the Applicable
Rate with respect to U.S. Revolving Facility Fees multiplied by (y) the actual daily amount (whether used or unused) of the U.S. Revolving Credit Commitments. The U.S. Revolving Facility Fees shall accrue at all times from the Closing
Date until the Maturity Date for the U.S. Revolving Credit Facility, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the last Business Day of the first full
fiscal quarter to end following the Closing Date, and on the Maturity Date for the U.S. Revolving Credit Facility. 

(ii)    The relevant Borrowers shall pay to the Administrative Agent for the account of each Worldwide Revolving Credit
Lender in accordance with its Pro Rata Share of each Tranche of the Worldwide Revolving Credit Facility a revolving facility fee (collectively, the “Worldwide Revolving Facility Fees”) calculated at a rate per annum equal to
(x) the Applicable Rate with respect to Worldwide Revolving Facility Fees multiplied by (y) the actual daily amount (whether used or unused) of the Worldwide Revolving Credit Commitments. The Worldwide Revolving Facility Fees shall
accrue at all times from the Closing Date until the Maturity Date for the Worldwide Revolving Credit Facility, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with
the last Business Day of the first full fiscal quarter to end following the Closing Date, and on the Maturity Date for the Worldwide Revolving Credit Facility. 

(b)    Other Fees. The Borrowers shall pay to the Arrangers and the Administrative Agent for their own respective
accounts or for the account of the Lenders, as appropriate, fees in the amounts and at the times specified in the Fee Letter. 

(c)    All of the foregoing fees shall be (i) computed on the basis of the actual number of days elapsed in a year of
360 days, including, with respect to the Revolving Facility Fees, the first day but excluding the last day occurring in the period for which the relevant Revolving Facility Fees are payable, and (ii) paid on the dates due in immediately
available funds to the Administrative Agent for distribution, as appropriate, to the Lenders and/or the Administrative Agent. Once paid, none of the foregoing fees shall be refundable under any circumstances. 

Section 2.10    Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 

(a)    All computations of interest for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as the
case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable,
being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on
which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an
interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 

Section 2.11    Evidence of Indebtedness. 

(a)    The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such
Lender and evidenced by one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c), as a non-fiduciary agent for the
Borrowers, in each case in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be prima facie evidence absent manifest error of the amount of the Credit Extensions made by the Lenders
to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In the event of
any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest
error. Upon the request of any Lender made through the Administrative Agent, the Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Note payable to such Lender, which shall evidence such Lender’s Loans in
addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

  
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 (b)    In addition to the accounts and records referred to in Section
2.11(a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records and, in the case of the Administrative Agent, entries in the Register, evidencing the purchases and sales by such Lender
of participations in Letters of Credit. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error. 
 (c)    Entries made in good faith by the
Administrative Agent in the Register pursuant to Sections 2.11(a) and (b), and by each Lender in its accounts or records pursuant to Sections 2.11(a) and (b), shall be prima facie evidence of the amount of principal and
interest due and payable or to become due and payable from the Borrowers to, in the case of the Register, each Lender and, in the case of such accounts or records, such Lender, under this Agreement and the other Loan Documents, absent manifest
error; provided that the failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such accounts or records shall not limit the obligations of the Borrowers under this
Agreement and the other Loan Documents. 
 Section 2.12    Payments Generally; Administrative Agent’s
Clawback. 
 (a)    General. All payments to be made by the Borrowers shall be made without condition or
deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein and except with respect to payments in an Alternative Currency, all payments by the Borrowers hereunder shall be made to the Administrative
Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s office and in immediately available funds not later than 12:00 p.m. (New York City time) in the case of amounts denominated in
Dollars, and not later than 8:00 a.m. (New York City time) in the case of amounts denominated in Euros, Sterling or any Alternative Currency, in each case on the date specified herein. If, for any reason, any Borrower is prohibited by any Law from
making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in Euros in the Euro Amount of the Alternative Currency payment amount. The Administrative Agent will promptly distribute to each Lender its
ratable share in respect of the relevant Facility or Tranche thereof (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the
Administrative Agent after 12:00 p.m. (New York City time) in the case of payments denominated in Dollars, or 8:00 a.m. (New York City time) in the case of payments denominated in Euros, Sterling or any Alternative Currency, shall in each case be
deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next
following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; provided, however, that, if such extension would cause payment of interest on or principal of Eurocurrency Rate
Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately preceding Business Day. 

(b)    (i) 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 Borrowing of Eurocurrency Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 p.m. (New York City time) on the date of such Borrowing) that such Lender will
not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with and at the time required by Section
2.02(b) and may, in reliance upon such assumption, make available to the Borrowers a corresponding amount. In such event, if any Lender does not in fact make its share of the applicable Borrowing available to the Administrative Agent, then such
Lender and the Borrowers severally agree to pay to the Administrative Agent forthwith on demand an amount equal to such applicable share in immediately available funds with interest thereon, for each day from and including the date such amount is
made available to the Borrowers by the Administrative Agent to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the applicable Overnight Rate and a rate
reasonably determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any reasonable administrative, processing or similar fees customarily charged

  
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by the Administrative Agent in connection with the foregoing and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Base Rate Loans. If both the
Borrowers and such Lender pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period. If such
Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrowers shall be without prejudice to any claim the
Borrowers may have against a Lender that shall have failed to make its share of any Borrowing available to the Administrative Agent. 

(ii)    Payments by the Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall
have received notice from the Borrower Representative (on behalf of the Borrowers) prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an L/C Issuer hereunder that the Borrowers will not make
such payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the applicable L/C Issuer, as the
case may be, the amount due. In such event, if the Borrowers do not in fact make such payment, then each of the Appropriate Lenders or the applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed by the Administrative Agent to but excluding the date of
payment to the Administrative Agent, at the greater of the applicable Overnight Rate and a rate reasonably determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any reasonable
administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing. 
 A notice of
the Administrative Agent to any Lender or the Borrowers with respect to any amount owing under this Section 2.12(b) shall be conclusive, absent manifest error. 

(c)    Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for
any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions to the applicable Credit Extension set
forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender on demand, without interest. 

(d)    Obligations of the Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund
participations in Letters of Credit and to make payments pursuant to Section 9.01 are several and not joint. The failure of any Lender to make any Loan or to fund any such participation or to make any payment under
Section 9.01 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its
Loan or, to fund its participation or to make its payment under Section 9.01. 

(e)    Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in
any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(f)    Insufficient Funds. If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto
in accordance with the amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
principal and L/C Borrowings then due to such parties. 
 (g)    Unallocated Funds. If the Administrative Agent
receives funds for application to the Obligations of the Loan Parties under or in respect of the Loan Documents under circumstances for which the Loan Documents do not specify the manner in which such funds are to be applied, the Administrative
Agent may, but shall not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such Lender’s 

  
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ratable share of the sum of (a) the Outstanding Amount of all Loans outstanding at such time and (b) the Outstanding Amount of all L/C Obligations outstanding at such time, in repayment
or prepayment of such of the outstanding Loans or other Obligations then owing to such Lender. 

Section 2.13    Sharing of Payments. If, other than as expressly provided elsewhere herein (including the
application of funds arising from the existence of a Defaulting Lender), any Lender shall obtain on account of the Loans made by it, or the participations in L/C Obligations held by it, any payment (whether voluntary, involuntary, through the
exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact and (b) purchase from the other
Lenders such participations in the Loans made by them and/or such subparticipations in the participations in L/C Obligations held by them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment in
respect of such Loans or such participations, as the case may be, pro rata with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the
circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to
the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the
total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon. The Borrowers agree that any Lender so
purchasing a participation from another Lender may, to the fullest extent permitted by Law, exercise all its rights of payment (including the right of setoff, but subject to Section 10.09) with respect to such participation
as fully as if such Lender were the direct creditor of each Borrower in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased
under this Section 2.13 and will in each case notify the Lenders following any such purchases or repayments. Each Lender that purchases a participation pursuant to this Section 2.13 shall from and
after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the
original owner of the Obligations purchased. For the avoidance of doubt, the provisions of this Section 2.13 shall not be construed to apply to (A) the application of Cash Collateral provided for in
Section 2.16, (B) the assignments and participations (including by means of a Dutch Auction and open market debt repurchases) described in Section 10.05, (C) (i) the incurrence of any
Incremental Term Loans in accordance with Section 2.14, (ii) the prepayment of Revolving Credit Loans in accordance with Section 2.14(e) in connection with an Incremental Revolving Facility or (iii) any
Specified Refinancing Debt in accordance with Section 2.18, (D) any loan modification offer described in Section 10.01 or Extension described in Section 2.15, or
(E) any applicable circumstances contemplated by Section 2.05(b), 2.14, 2.17 or 3.08. 

Section 2.14    Incremental Credit Extensions. 

(a)    The Borrowers may, at any time, on one or more occasions deliver a written request to Administrative Agent
(whereupon the Administrative Agent shall promptly deliver a copy of such request to each of the Lenders) to (i) add one or more new tranches of term facilities and/or increase the principal amount of the Term Loans or any Additional Term Loans
by requesting new term loans commitments to be added to such Loans (any such new tranche or increase, an “Incremental Term Facility” and any loans made pursuant to an Incremental Term Facility, “Incremental Term
Loans”) and/or (ii) add one or more new tranches of incremental revolving facilities and/or increase the principal amount of any such tranche of incremental revolving facilities (each, an “Incremental Revolving
Facility” and, together with any Incremental Term Facility, “Incremental Facilities”; and the loans thereunder, “Incremental Revolving Loans” and, together with any Incremental Term Loans,
“Incremental Loans”) in an aggregate principal amount not to exceed, as of any date of determination, (x) €150,000,000 (the “Incremental Amount”) (less the aggregate principal amount of all Incremental
Equivalent Debt incurred or issued in reliance on the Incremental Amount), plus (y) an amount equal to any voluntary prepayment made with respect to the Term Loans, Extended Term Loans and/or Replacement Term Loans (including Loans
repurchased pursuant to Dutch Auctions or open market purchases in an amount equal to the discounted purchase price of such Loans paid in respect of such Loans pursuant to such Dutch Auctions or through open market purchases) and/or the permanent
commitment reduction to be made with respect to any Revolving Facility or any Additional Revolving Facility, in each case excluding prepayments or reductions made with proceeds of long-term Indebtedness, plus (z) an unlimited

  
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amount so long as, in the case of this clause (z), after giving effect to such Incremental Facility, the First Lien Net Leverage Ratio calculated on a Pro Forma Basis as of the last day of
the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, would not exceed 3.95:1.00 (it being understood that for purposes of clause (z) of
this Section 2.14(a), (A) any Incremental Revolving Facilities shall be deemed to be fully drawn, (B) if the proceeds of the relevant Incremental Facility will be applied to finance an acquisition or other Investments permitted under
this Agreement, compliance with the First Lien Net Leverage Ratio will be determined as of the date of the execution of the definitive agreement with respect thereto for the most recently ended Test Period for which financial statements have been
delivered pursuant to Section 6.01(b) or (c), as applicable, (C) the Cash proceeds of the relevant Incremental Facility or Incremental Equivalent Debt shall be excluded in calculating the Unrestricted Cash Amount used in
determining the First Lien Net Leverage Ratio and (D) all Indebtedness under any Incremental Facilities (and any Refinancing Indebtedness in respect thereof) shall be treated as Consolidated First Lien Debt for purposes of the incurrence
thereof and all future incurrences of Incremental Facilities under this clause (y), whether such Incremental Facilities are secured on a first lien basis, junior lien basis or unsecured) (the amounts described in clauses (x),
(y) and (z) above, the “Incremental Cap”) (it being understood that (I) the Borrowers shall be deemed to have used amounts under clause (y) prior to utilization of amounts under clause
(x) or (z) and that the Borrowers shall be deemed to have used amounts under clause (z) (to the extent compliant therewith) prior to utilization of amounts under clause (x), and (II) Loans may be incurred under
both clauses (x) and (z), and proceeds from any such incurrence may be utilized in a single transaction by first calculating the incurrence under clause (z) above and then calculating the incurrence under
clause (x) above) specifying the amount so requested; provided that: 
 (i)    each such request
shall be in an amount not less than €5,000,000, 
 (ii)    except as separately agreed from time to time between
the Borrowers and any Lender, no Lender shall be obligated to provide all or any portion of any Incremental Commitment and the determination to provide such commitment shall be within the sole and absolute discretion of such Lender, 

(iii)    the creation or provision of any Incremental Facility or Incremental Loan shall not require the approval of any
existing Lender other than any existing Lender providing all or part of any Incremental Commitment, 
 (iv)    the
interest rate applicable to any Incremental Facility or Incremental Loans will be determined by the Borrower Representative and the lenders providing such Incremental Facility or Incremental Loans; provided that in the case of Incremental
Term Loans or Incremental Term Facilities that are incurred on or prior to the date that is 12 months after the Closing Date and are pari passu in right of payment and with respect to security with the Initial Term Loans, such interest rate
will not be more than 0.50% higher than the corresponding interest rate applicable to the Initial Term Loans unless the interest rate margin with respect to the Initial Term Loans is adjusted to be equal to the interest rate with respect to the
relevant Incremental Term Loans or Incremental Term Facility, minus, 0.50%; provided, further, that in determining the applicable interest rate: (w) original issue discount or upfront fees paid by the Borrowers in
connection with the Initial Term Loans or such Incremental Term Facility or Incremental Term Loans (based on a four-year average life to maturity or lesser remaining life to maturity), shall be included, (x) any amendments to the Applicable
Rate that became effective subsequent to the Closing Date but prior to the time of the addition of such Incremental Term Facility or Incremental Term Loans shall be included, (y) arrangement, commitment, structuring and underwriting fees and
any amendment fees paid or payable to the Arrangers (or their Affiliates) in their respective capacities as such in connection with the Initial Term Loans or to one or more arrangers (or their Affiliates) in their capacities as such applicable to
such Incremental Term Facility or Incremental Term Loans shall be excluded and (z) if such Incremental Term Facility or Incremental Term Loans include any interest rate floor greater than that applicable to the Initial Term Loans, and such
floor is applicable to the Term Loans on the date of determination, such excess amount shall be equated to interest margin for determining the increase, 

(v)    the final maturity date with respect to any Incremental Term Loans shall be no earlier than the Original Term
Maturity Date, 
 (vi)    (A) any Incremental Revolving Facility shall be subject to substantially the same terms and
conditions (other than pricing, fees, maturity and other immaterial terms which shall be determined by the 

  
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Borrowers and the lenders providing such Incremental Revolving Facility as the then-existing Revolving Facility) and (B) no Incremental Revolving Facility shall have a final maturity date
earlier than (or require commitment reductions prior to) the Original Revolving Maturity Date, 
 (vii)    the Weighted
Average Life to Maturity of any Incremental Term Facility shall be no shorter than the Weighted Average Life to Maturity of the then-existing Term Loans (without giving effect to any prepayments thereof), 

(viii)    any Incremental Facility (A) will be subject to, and governed by, the Intercreditor Agreement or another
intercreditor agreement on terms reasonably satisfactory to the Administrative Agent and (B) may rank pari passu or junior in right of payment and pari passu or junior with respect to security with the Term Loans or may be
unsecured, 
 (ix)    any prepayment (other than scheduled amortization payments) of Incremental Term Loans that are
pari passu in right of payment and pari passu with respect to security with the Initial Term Loans shall be made on a pro rata basis with all then existing Term Loans (and all other then-existing Incremental Term Loans, Extended Term
Loans and Replacement Term Loans requiring ratable prepayment), except that the Borrowers and the lenders in respect of such Incremental Term Loans shall be permitted, in their sole discretion, to elect to prepay or receive, as applicable, any
prepayments on a less than pro rata basis (but not on a greater than pro rata basis), 
 (x)    (A) except as otherwise
agreed by the lenders providing such Incremental Facilities in connection with a Permitted Acquisition, no Event of Default shall exist immediately prior to or after giving effect to any Incremental Facility and (B) except as otherwise agreed
by the lenders providing such Incremental Facilities in connection with a Permitted Acquisition, the representations and warranties in the Loan Documents shall be true and correct in all material respects (and in all respects if any such
representation or warranty is already qualified by materiality) immediately prior to, and after giving effect to, the incurrence of such Incremental Facility and the use of proceeds thereof, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality) as of such earlier date, 

(xi)    on the date of the making of any Incremental Term Loans that will be added to any Class of Term Loans or
Additional Term Loans, and notwithstanding anything to the contrary set forth in Section 2.08, such Incremental Term Loans shall be added to (and constitute a part of) each Borrowing of outstanding Term Loans or Additional
Term Loans, as applicable, of the same type with the same Interest Period of the respective Class on a pro rata basis (based on the relative sizes of the various outstanding Borrowings), so that each Term Lender will participate proportionately
in each then outstanding Borrowing of Term Loans or Additional Term Loans, as applicable, of the same type with the same Interest Period of the respective Class, 

(xii)    the covenants and events of default of any Incremental Term Facility or Incremental Term Loans, if not
consistent with the terms of then-existing Term Loans, shall not be materially more restrictive to the Borrowers, when taken as a whole, than the terms of the then-existing Term Loans, unless (1) the Lenders under the then-existing Term Loans
also receive the benefit of such more restrictive terms (it being understood that, to the extent that any covenant is added for the benefit of any Incremental Term Facility, no consent shall be required from the Administrative Agent or any Lender to
the extent that such covenant is also added for the benefit of any then-existing Term Loans) or (2) any such provisions apply after the Original Term Maturity Date, 

(xiii)    except as otherwise required or permitted in clauses (i) through (xii) above, all other
terms of such Incremental Term Facilities, if not consistent with the terms of the Term Loans, shall be as agreed by the Borrower Representative, the Administrative Agent and the lenders providing such Incremental Term Facilities, 

(xiv)    any Incremental Facility or Incremental Loans that are secured shall be secured only by the Collateral and any
Incremental Facility or Incremental Loans shall not be guaranteed by any Person that is not a Loan Party, and 

  
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 (xv)    to the extent that the borrower of any Revolving Credit Loans made
under this Section 2.14 is incorporated or organized in the Republic of Germany (including the German Borrowers), the terms of the Incremental Facility shall provide that the proviso appearing in Section 6.11 shall not
apply to any Revolving Credit Loan made to such borrower under this Section 2.14; 

(b)    Incremental Commitments may be provided by any existing Lender, or by any other lender (any such other lender being
called an “Additional Lender”); provided that the Administrative Agent shall have consented (such consent not to be unreasonably withheld) to such Additional Lender’s providing such Incremental Commitments if such
consent would be required under Section 10.05(b) for an assignment of Loans to such Additional Lender; provided, further, that any such Additional Lender that is an Affiliated Lender shall be subject to the provisions of
Section 10.05(g), mutatis mutandis, to the same extent as if such Incremental Commitments and related Obligations had been obtained by such Lender by way of assignment. 

(c)    Each Lender or Additional Lender providing a portion of the Incremental Commitments shall execute and deliver to
the Administrative Agent and the Borrower Representative all such documentation (including an amendment to this Agreement or any other Loan Document) as may be reasonably required by the Administrative Agent to evidence and effectuate such
Incremental Commitments. On the effective date of such Incremental Commitments, each Additional Lender added as a new Lender pursuant to such Incremental Commitments shall become a Lender for all purposes in connection with this Agreement. 

(d)    [Reserved]. 

(e)    To the extent the Borrowers elect to implement any Incremental Revolving Facility, then notwithstanding any other
provision of this Agreement to the contrary, (i) the Borrowers shall be permitted to modify the terms of this Agreement with the consent of only the Administrative Agent to appropriately incorporate revolving facility mechanics (including those
related to payments, prepayments, purchases of participations and reallocation mechanisms and letter of credit and/or other subfacilities) and other provisions and commitment schedules relating to Revolving Tranches generally and (ii) (x) to
the extent any other Incremental Revolving Facility or any Extended Revolving Credit Commitments or Replacement Revolving Facility then exists, (1) the borrowing and repayment (except for (A) payments of interest and fees at different
rates on any such Revolving Tranches (and related outstandings), (B) repayments required upon the maturity date of any such Revolving Tranches and (C) repayments made in connection with a permanent repayment and termination of commitments
(subject to clause (3) below)) of Loans with respect to any such Revolving Tranches after the effective date of such Incremental Revolving Facility shall be made on a pro rata basis with all other Revolving Tranches, (2) all letters
of credit under any such Revolving Tranches shall be participated on a pro rata basis by all lenders with commitments under such Revolving Tranches and (3) the permanent repayment of Loans with respect to, and termination of commitments under,
any such Revolving Tranches after the effective date of such Incremental Revolving Facility shall be made on a pro rata basis with all other revolving facilities, except that the Borrowers shall be permitted to permanently repay and terminate
commitments of any such revolving facility in full without any requirement to permanently repay and terminate the commitments of any other revolving facilities with a later maturity date than such revolving facility on a pro rata basis and
(y) at no time shall there be more than four separate Classes of revolving commitments hereunder (including Extended Revolving Credit Commitments, Incremental Revolving Credit Commitments and Replacement Revolving Facilities). 

(f)    Upon the implementation of any Incremental Revolving Facility pursuant to this
Section 2.14, if such Incremental Revolving Facility is through an increase to the existing Revolving Credit Facility (rather than by implementing a new Incremental Revolving Credit Commitment), (i) each revolving Lender
immediately prior to such increase will automatically and without further act be deemed to have assigned to each relevant Incremental Revolving Facility Lender, and each relevant Incremental Revolving Facility Lender will automatically and without
further act be deemed to have assumed a portion of such revolving Lender’s participations hereunder in outstanding letters of credit, if applicable, such that, after giving effect to each deemed assignment and assumption of participations, all
of the revolving Lenders’ (including each Incremental Revolving Facility Lender) participations hereunder in letters of credit and (ii) the existing Revolving Credit Lenders of the applicable Class shall assign Revolving Credit Loans
to certain other Revolving Credit Lenders of such Class (including the Revolving Credit Lenders providing the relevant Incremental Revolving Facility), and such other Revolving Credit Lenders (including the Revolving Credit Lenders providing the
relevant Incremental Revolving Facility) shall purchase such Revolving 

  
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Credit Loans, in each case to the extent necessary so that all of the Revolving Credit Lenders of such Class participate in each outstanding borrowing of Revolving Credit Loans pro rata on
the basis of their respective Revolving Credit Commitments of such Class (after giving effect to any increase in the Revolving Credit Commitment pursuant to this Section 2.14); it being understood and agreed 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. 

(g)    The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to this Agreement and
the other Loan Documents with the Loan Parties as may be necessary in order to establish new tranches or sub-tranches in respect of Loans or commitments increased or extended pursuant to this
Section 2.14 and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower Representative in connection with the establishment of such new tranches
or sub-tranches, in each case on terms consistent with this Section 2.14, including any amendments that are not adverse to the interests of any Lender that are made to effectuate
changes necessary to enable any Incremental Term Loans that are intended to be fungible with the Initial Term Loans to be fungible with such Initial Term Loans, which shall include any amendments to Section 2.07(a) that do not reduce the
ratable amortization received by each Lender thereunder. 
 (h)    This Section 2.14 shall
supersede any provisions in Section 2.13 or 10.02 to the contrary. 

Section 2.15    Extensions of Loans and Incremental Revolving Credit Commitments. 

(a)    Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an
“Extension Offer”) made from time to time by the Borrowers to all Lenders holding Loans of any Class with a like maturity date or commitments with a like maturity date, in each case on a pro rata basis (based on the aggregate
outstanding principal amount of the respective Loans or commitments of such Class with a like maturity date) and on the same terms to each such Lender, the Borrowers are hereby permitted to consummate from time to time transactions with
individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of each such Lender’s Loans and/or commitments and otherwise modify the terms of such Loans and/or commitments pursuant to the terms of the
relevant Extension Offer (including by increasing the interest rate or fees payable in respect of such Loans and/or commitments (and related outstandings) and/or modifying the amortization schedule, if any, in respect of such Lender’s Loans)
(each, an “Extension”, and each group of Loans or commitments, as applicable, in each case as so extended, as well as the original Loans and the original commitments (in each case not so extended), being a
“tranche”; any Extended Term Loans shall constitute a separate tranche of Loans from the tranche of Loans from which they were converted and any Extended Revolving Credit Commitments shall constitute a separate tranche of revolving
commitments from the tranche of revolving commitments from which they were converted), so long as the following terms are satisfied: 

(i)    no Default under Section 8.01(a), 8.01(f) or 8.01(g) or Event of Default shall exist at the
time the notice in respect of an Extension Offer is delivered to the applicable Lenders, and no Default under Section 8.01(a), 8.01(f) or 8.01(g) or Event of Default shall exist immediately prior to or after giving effect to the
effectiveness of any Extension; 
 (ii)    except as to (x) interest rates, fees and final maturity (which shall,
subject to immediately succeeding clause (iv), be determined by the Borrowers and any Lender that agrees to an Extension of its commitments and set forth in the relevant Extension Offer) and (y) any covenants or other provisions
applicable only to periods after the Latest Maturity Date, the commitments of any Lender under any Incremental Revolving Facility or Replacement Revolving Facility that agrees to an extension with respect to such commitments extended pursuant to an
Extension (an “Extended Revolving Credit Commitment”; and the Loans thereunder, “Extended Revolving Loans”), and the related outstandings, shall be a revolving commitment (or related outstandings, as the case may
be) with the same terms (or terms not less favorable to existing Lenders) as the original revolving commitments (and related outstandings) provided hereunder; provided, however, that with respect to representations and warranties,
affirmative and negative covenants (including financial covenants) and events of default to be applicable to any Extended Revolving Loans, such provisions may be more favorable to the lenders of the applicable Extended Revolving Loans than those
originally applicable to the Revolving Credit Loans subject to the Extension Offer, so long as (and only so long as) such provisions also expressly apply to (and for the benefit of) the tranche of 

  
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revolving loans subject to the Extension Offer and each other Class of revolving commitments hereunder; provided that (x) to the extent any
non-extended revolving commitments remain, or any other Incremental Revolving Facility, Extended Revolving Credit Commitments or Replacement Revolving Facility then exists, (1) the borrowing and repayment
(except for (A) payments of interest and fees at different rates on such revolving facilities (and related outstandings), (B) repayments required upon the maturity date of any such revolving facilities and (C) repayment made in connection
with a permanent repayment and termination of commitments (subject to clause (3) below)) of Loans with respect to such revolving facilities after the effective date of such Extended Revolving Credit Commitments shall be made on a pro
rata basis with all other revolving facilities, (2) all letters of credit under any such revolving facilities shall be participated on a pro rata basis by all Lenders with commitments under any such revolving facilities and (3) the
permanent repayment of Loans with respect to, and termination of commitments under, any such revolving facilities after the effective date of such Extended Revolving Credit Commitments shall be made on a pro rata basis with all other such revolving
facilities, except that the Borrowers shall be permitted to permanently repay and terminate commitments of any such revolving facility in full without any requirement to permanently repay and terminate the commitments of any other revolving
facilities with a later maturity date than such revolving facility on a pro rata basis and (y) at no time shall there be more than three separate Classes of revolving commitments hereunder (including Extended Revolving Credit Commitments,
Incremental Revolving Credit Commitments and Replacement Revolving Facilities); 
 (iii)    except as to
(x) interest rates, fees, amortization, final maturity date, premiums, required prepayment dates and participation in prepayments (which shall, subject to immediately succeeding clauses (iv), (v) and (vi), be determined by
the Borrower Representative and any Lender that agrees to an Extension of its Term Loans and set forth in the relevant Extension Offer) and (y) any covenants or other provisions applicable only to periods after the Latest Maturity Date (in each
case, as of the date of such Extension), the Term Loans of any Lender extended pursuant to any Extension (any such extended Term Loans, the “Extended Term Loans”) shall have the same terms (or terms not less favorable to existing
Lenders) as the tranche of Term Loans subject to such Extension Offer; provided, however, that with respect to representations and warranties, affirmative and negative covenants (including financial covenants) and events of default to
be applicable to any such tranche of Extended Term Loans, such provisions may be more favorable to the lenders of the applicable tranche of Extended Term Loans than those originally applicable to the tranche of Term Loans subject to the Extension
Offer, so long as (and only so long as) such provisions also expressly apply to (and for the benefit of) the tranche of Term Loans subject to the Extension Offer and each other Class of Term Loans hereunder; 

(iv)    (x) the final maturity date of any Extended Term Loans shall be no earlier than the then applicable Latest
Maturity Date at the time of Extension and (y) no Extended Revolving Credit Commitments or Extended Revolving Loans shall have a final maturity date earlier than (or require commitment reductions prior to) the Latest Maturity Date applicable to
any then-existing Revolving Credit Loans, Incremental Revolving Loans, Extended Revolving Loans or Loans under any Replacement Revolving Facility; 

(v)    the Weighted Average Life to Maturity of any Extended Term Loans shall be no shorter than the remaining Weighted
Average Life to Maturity of the Term Loans or any other Extended Term Loans extended thereby (without giving effect to any prepayments thereof); 

(vi)    any Extended Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than a
pro rata basis) in any voluntary or mandatory repayments or prepayments (but, for purposes of clarity, not scheduled amortization payments) in respect of the Term Loans (and any Additional Term Loans then subject to ratable repayment requirements),
in each case as specified in the respective Extension Offer; 
 (vii)    if the aggregate principal amount of Loans or
commitments, as the case may be, in respect of which Lenders shall have accepted the relevant Extension Offer shall exceed the maximum aggregate principal amount of Loans or commitments, as the case may be, offered to be extended by the Borrowers
pursuant to such Extension Offer, then the Loans or commitments, as the case may be, of such Lenders shall be extended ratably up to such maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with
respect to which such Lenders have accepted such Extension Offer; 
 (viii)    the Extensions shall be in a minimum
amount of €5,000,000; 

  
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 (ix)    any applicable Minimum Extension Condition shall be satisfied or
waived by the Borrowers; and 
 (x)    all documentation in respect of such Extension shall be consistent with the
foregoing. 
 (b)    With respect to all Extensions consummated by the Borrowers pursuant to this
Section 2.15, (i) such Extensions shall not constitute voluntary or mandatory payments for purposes of Section 2.05, (ii) the scheduled amortization payments (in so far as such schedule affects
payments due to Lenders participating in the relevant Class) set forth in Section 2.07(a) shall be adjusted to give effect to the Extension of the relevant Class and (iii) except as set forth in clause (a)(viii) above, no
Extension Offer is required to be in any minimum amount or any minimum increment; provided that the Borrower Representative may at its election specify as a condition (a “Minimum Extension Condition”) to consummating any such
Extension that a minimum amount (to be determined and specified in the relevant Extension Offer in the Borrower Representative’s sole discretion and which may be waived by the Borrower Representative) of Loans or commitments (as applicable) of
any or all applicable tranches be tendered. The Administrative Agent and the Lenders hereby consent to the transactions contemplated by this Section 2.15 (including, for the avoidance of doubt, the payment of any interest,
fees or premium in respect of any Extended Term Loans and/or Extended Revolving Credit Commitments on such terms as may be set forth in the relevant Extension Offer) and hereby waive the requirements of any provision of this Agreement (including
Sections 2.05, 2.07 or 2.13) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this Section 2.15. 

(c)    No consent of any Lender or the Administrative Agent shall be required to effectuate any Extension, other than the
consent of each Lender agreeing to such Extension with respect to one or more of its Loans and/or commitments under any Class (or a portion thereof). All Extended Term Loans and Extended Revolving Credit Commitments and all obligations in respect
thereof shall be Secured Obligations under this Agreement and the other Loan Documents that are secured by the Collateral and guaranteed on a pari passu basis with all other applicable Secured Obligations under this Agreement and the other
Loan Documents. The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to this Agreement and the other Loan Documents with the Borrower Representative as may be necessary in order to establish new tranches or sub-tranches in respect of Loans or commitments so extended and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower Representative in
connection with the establishment of such new tranches or sub-tranches, in each case on terms consistent with this Section 2.15. 

(d)    In connection with any Extension, the Borrower Representative shall provide the Administrative Agent at least ten
Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including regarding timing, rounding and other adjustments and to ensure reasonable
administrative management of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this
Section 2.15. 
 Section 2.16    Cash Collateral. 

(a)    Upon the request of the Administrative Agent or the applicable L/C Issuer (i) if the applicable L/C Issuer has
honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing or (ii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the
Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations. At any time that there shall exist a Defaulting Lender, immediately upon the request of the Administrative Agent or the applicable L/C
Issuer, the Borrowers shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover 101.0% of all Fronting Exposure of such Defaulting Lender after giving effect to Section 2.17(a)(iv) and any Cash Collateral provided by
such Defaulting Lender. 
 (b)    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 or the Collateral Trustee. The Borrowers, and to the extent provided by any Lender, such Lender,
hereby grants to (and subjects to the control of) the Administrative Agent and the Collateral Trustee, for the benefit of the Administrative Agent, the 

  
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applicable L/C Issuer and the Lenders, and agrees to maintain, a first priority security interest 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 Section 2.16(c). 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 or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby,
the Borrowers and the relevant Defaulting Lender shall, 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. 

(c)    Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this
Section 2.16 or Section 2.03, 2.05, 2.06, 2.17, 8.02 or 8.04 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund 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. 

(d)    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 (after giving effect to such release) 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 10.07(b)(viii))) 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), (f) or (g) or an Event of Default (and following application as provided in this Section 2.16 may be
otherwise applied in accordance with Section 8.04) and (y) the Person providing Cash Collateral and the applicable L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting
Exposure or other obligations. 
 Section 2.17    Defaulting Lenders. 

(a)    Notwithstanding anything to the contrary contained in this Agreement, if any Revolving Credit Lender becomes a
Defaulting Lender, or any Term Lender becomes a Defaulting Lender pursuant to clause (a), (b) or (c) of the definition of “Defaulting Lender” (or, in the case of Section 2.17(a)(i) below, pursuant to
clause (a), (b), (c) or (d) of the definition of “Defaulting Lender”), then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i)    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 10.02. 
 (ii)    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, pursuant to Article VIII or otherwise, and including any amounts made
available to the Administrative Agent by that Defaulting Lender pursuant to Section 10.09), 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 L/C Issuers hereunder; third, if so reasonably
determined by the Administrative Agent or reasonably requested by the applicable L/C Issuer, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of any participation in any Letter of Credit; fourth, as the
Borrower Representative (on behalf of the Borrowers) may request (so long as no Event of Default exists), to the funding of any Loan 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 Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders or the applicable L/C Issuer as a result of any non-appealable
judgment of a court of competent jurisdiction obtained by any Lender or L/C Issuer against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Event of
Default pursuant to Section 8.01(a), (f) or (g) exists, to the payment of any amounts owing to the Borrowers as a result of any non-appealable judgment of a court of competent
jurisdiction obtained by 

  
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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 Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its
appropriate share and (y) such Loans or L/C Borrowings were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C
Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C 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 2.17(a)(ii) shall be deemed paid to and redirected by that
Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii)    That Defaulting Lender (x) shall not
be entitled to receive any Revolving Facility Fee pursuant to Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been
required to have been paid to that Defaulting Lender) and (y) shall be limited in its right to receive Letter of Credit fees as provided in Section 2.03(g). 

(iv)    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 Letters of Credit pursuant to Section 2.03, the “Pro Rata Share” of each non-Defaulting Lender under a Revolving Tranche shall be determined without giving effect to the Commitment under such Revolving Tranche of that Defaulting Lender; provided that (i) each such
reallocation shall be given effect unless an Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender under a Revolving Tranche to acquire, refinance or fund participations
in Letters of Credit issued under such Revolving Tranche shall not exceed the positive difference, if any, of (1) the Commitment under such Revolving Tranche of that non-Defaulting Lender minus
(2) the sum of (A) the aggregate Outstanding Amount of the Revolving Credit Loans and (B) the aggregate Outstanding Amount of the Pro Rata Share of the L/C Obligations, in each case, under such Revolving Tranche of that Revolving
Credit Lender. 
 (b)    If the Borrowers, the Administrative Agent and each L/C Issuer 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 Loans of the other Lenders or take such other actions as the Administrative Agent may
reasonably determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their ratable shares (without giving effect to the application of
Section 2.17(a)(iv)) in respect of that Lender, 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; 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. 

Section 2.18    Specified Refinancing Debt. 

(a)    The Borrowers may on a several but not joint basis or on a joint and several basis, from time to time after the
Closing Date, and subject to the consent of the Administrative Agent (which consent shall not be unreasonably withheld, delayed or conditioned), add one or more new term loan facilities and new revolving credit facilities to the Facilities
(“Specified Refinancing Debt”; and the commitments in respect of such new term facilities, the “Specified Refinancing Term Commitment” and the loans thereunder, “Specified Refinancing Term Loans”;
and the commitments in respect of such new revolving credit facilities, the “Specified Refinancing Revolving Credit Commitment”) pursuant to procedures reasonably specified by the Administrative Agent and reasonably acceptable to
the Borrowers, to refinance (i) all or any portion of any Term Loan Tranches then outstanding under this Agreement and (ii) all or any portion of any Revolving Tranches then in effect under this Agreement, in each case pursuant to a
Refinancing Amendment; provided that such Specified Refinancing Debt: (i) will rank pari passu or junior in right of payment as the other Loans and Commitments hereunder and if secured,

  
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will rank pari passu or junior in respect of security as the other Loans and Commitments hereunder; (ii) will not be Guaranteed by any Person that is not a Loan Party; (iii) will
be (x) if secured by the Collateral on a first lien “equal and ratable” basis with the Liens securing the Obligations, incurred by one or more of the Borrowers on a several and not joint basis or (y) if secured on a
“junior” basis with the Liens securing the Obligations or unsecured, incurred by either Borrower, in each case, pursuant to the Intercreditor Agreement or another intercreditor agreement reasonably satisfactory to the Administrative Agent;
(iv) will have such pricing (including interest, fees and premiums), optional prepayment and redemption terms as may be agreed by the Borrowers and the applicable Lenders thereof; (v) (x) to the extent constituting revolving credit
facilities, will not have a maturity date (or have mandatory commitment reductions or amortization) that is prior to the scheduled Maturity Date of the Revolving Tranche being refinanced and in any event no earlier than the Original Revolving
Maturity Date and (y) to the extent constituting term loan facilities, will have a maturity date that is not prior to the scheduled Maturity Date of the Term Loans being refinanced and in any event no earlier than the Original
Term Maturity Date, and will have a Weighted Average Life to Maturity that is not shorter than the Weighted Average Life to Maturity of the Term Loans being refinanced; (vi) any Specified Refinancing Term Loans shall share ratably in any
prepayments of Term Loans pursuant to Section 2.05 (or otherwise provide for more favorable prepayment treatment for the then outstanding Term Loan Tranches than the Specified Refinancing Term Loans); (vii) each Revolving
Credit Borrowing (including any deemed Revolving Credit Borrowings made pursuant to Section 2.03) and participations in Letters of Credit pursuant to Section 2.03 shall be allocated pro rata among
the Revolving Tranches in accordance with Section 2.18(e) below; (viii) subject to clauses (iv) and (v) above, will have terms and conditions (other than pricing and optional prepayment and redemption terms) that are
substantially identical to, or less favorable, when taken as a whole, to the lenders providing such Specified Refinancing Debt than, the terms and conditions of the Facilities and Loans being refinanced) (provided that a certificate of the
Responsible Officer of the Borrower Representative delivered to the Administrative Agent in good faith at least five Business Days prior to the incurrence of such Specified Refinancing Debt, together with a reasonably detailed description of the
material terms and conditions of such Specified Refinancing Debt or drafts of the documentation relating thereto, stating that the Borrower Representative had determined in good faith that such terms and conditions satisfy the requirements set forth
in this clause (viii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Administrative Agent provides notice to the Borrower Representative of an objection (including a reasonable description
of the basis upon which it objects) within five Business Days after being notified of such determination by the Borrower Representative); and (ix) the Net Proceeds of such Specified Refinancing Debt shall be applied, substantially concurrently
with the incurrence thereof, to the pro rata prepayment of outstanding Loans being so refinanced, in each case pursuant to Sections 2.05 and 2.06, as applicable; provided, however, that such Specified Refinancing
Debt (X) may provide for any additional or different financial or other covenants or other provisions that are agreed among the Borrowers and the Lenders thereof and applicable only during periods after the then Latest Maturity Date in effect
and (Y) shall not have a principal or commitment amount (or accreted value) greater than the Loans being refinanced (excluding accrued interest, fees, discounts, premiums or expenses). 

(b)    The Borrower Representative (on behalf of the Borrowers) shall make any request for Specified Refinancing Debt
pursuant to a written notice to the Administrative Agent specifying in reasonable detail the proposed terms thereof. Any proposed Specified Refinancing Debt shall first be requested on a ratable basis from existing Lenders in respect of the Facility
and Loans being refinanced. At the time of sending such notice to such Lenders, the Borrowers (in consultation with the Administrative Agent) shall specify the time period within which each applicable Lender is requested to respond (which shall in
no event be less than ten Business Days from the date of delivery of such notice or such shorter period as may be agreed by the Administrative Agent in its sole discretion). Each applicable Lender shall notify the Administrative Agent within such
time period whether or not it agrees to participate in providing such Specified Refinancing Debt and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Lender’s ratable share in respect of the
applicable Facility) of such Specified Refinancing Debt. Any Lender approached to provide all or a portion of any Specified Refinancing Debt may elect or decline, in its sole discretion, to provide such Specified Refinancing Debt. Any Lender not
responding within such time period shall be deemed to have declined to participate in providing such Specified Refinancing Debt. The Administrative Agent shall notify the Borrowers and each applicable Lender of the Lenders’ responses to each
request made hereunder. To achieve the full amount of a requested issuance of Specified Refinancing Debt, and subject to the approval of the Administrative Agent and each L/C Issuer, if applicable (in each case, which approval shall not be
unreasonably withheld, conditioned or delayed), the Borrowers may also invite additional Eligible Assignees to become Lenders in respect of such Specified Refinancing Debt pursuant to a joinder agreement to this Agreement in form and substance
reasonably satisfactory to the Administrative Agent. 

  
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 (c)    The effectiveness of any Refinancing Amendment shall be subject to the
satisfaction on the date thereof of each of the conditions set forth in Section 2.18(a) above and Section 4.02, and delivery to the Administrative Agent of a certificate of the Borrowers dated the date thereof signed
by a Responsible Officer of each Borrower, certifying and attaching the resolutions adopted by each Borrower approving such Specified Refinancing Debt, and certifying that the conditions precedent set forth in Section 2.18(a) above and
Section 4.02 have been satisfied and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of legal opinions, board resolutions, officers’ certificates and/or
reaffirmation agreements, including any supplements or amendments to the Collateral Documents providing for such Specified Refinancing Debt to be secured thereby, consistent with those delivered on the Closing Date under
Section 4.01 or delivered from time to time pursuant to Sections 6.12 and/or 6.15 (other than changes to such legal opinions resulting from a change in Law, change in fact or change to counsel’s form of
opinion reasonably satisfactory to the Administrative Agent). The Lenders hereby authorize the Administrative Agent to enter into the Refinancing Amendment and any other amendments to this Agreement and the other Loan Documents with the Borrowers as
may be necessary in order to establish new Tranches of Specified Refinancing Debt and to make such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrowers in connection with the
establishment of such new Tranches, in each case on terms consistent with and/or to effect the provisions of this Section 2.18. 

(d)    Each class of Specified Refinancing Debt incurred under this Section 2.18 shall be in an
aggregate principal amount that is (x) not less than a Euro Amount of €10,000,000 and (y) an integral multiple of a Euro Amount of €1,000,000 in excess thereof. Any Refinancing Amendment may provide for the issuance of Letters of
Credit for the account of the Borrowers (on a joint and several basis) in respect of a Revolving Tranche, pursuant to any revolving credit facility established thereby, in each case on terms substantially equivalent to the terms applicable to
Letters of Credit under the Revolving Credit Commitments. 
 (e)    The Administrative Agent shall promptly notify each
Lender as to the effectiveness of each Refinancing Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary
to reflect the existence and terms of the Specified Refinancing Debt incurred pursuant thereto (including the addition of such Specified Refinancing Debt as separate “Facilities” hereunder and treated in a manner consistent with the
Facilities being refinanced, including for purposes of prepayments and voting). Any Refinancing Amendment may, without the consent of any Person other than the Borrowers, the Administrative Agent and the Lenders providing such Specified Refinancing
Debt, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrowers, to effect the provisions of or consistent with this
Section 2.18. In addition, if so provided in the relevant Refinancing Amendment and with the consent of each L/C Issuer, participations in Letters of Credit expiring on or after the scheduled Maturity Date in respect of the
Revolving Tranche shall be reallocated from Lenders holding Revolving Credit Commitments to Lenders holding extended revolving commitments in accordance with the terms of such Refinancing Amendment; provided, however, that such
participation interests shall, upon receipt thereof by the relevant Lenders holding extended revolving commitments, be deemed to be participation interests in respect of such extended revolving commitments and the terms of such participation
interests (including the commission applicable thereto) shall be adjusted accordingly. 
 (f)    To the extent the
Borrowers elect to implement any Specified Refinancing Revolving Credit Commitment, then notwithstanding any other provision of this Agreement to the contrary, (i) the Borrowers shall be permitted to modify the terms of this Agreement with the
consent of only the Administrative Agent to appropriately incorporate revolving facility mechanics (including those related to payments, prepayments, purchases of participations and reallocation mechanisms and letter of credit and/or other
subfacilities) and other provisions and commitment schedules relating to Revolving Tranches generally and (ii) (x) to the extent any other Specified Refinancing Revolving Credit Commitment or any Extended Revolving Credit Commitments or
Replacement Revolving Facility then exists, (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on any such Revolving Tranches (and related outstandings), (B) repayments required upon the
maturity date of any such Revolving Tranches and (C) repayments made in connection with a permanent repayment and termination of commitments (subject to clause (3) below)) of Loans with respect to any such Revolving Tranches after
the effective date of such Specified Refinancing Revolving Credit Commitment shall be made on a pro rata basis with all other Revolving Tranches, (2) all letters of credit under any such Revolving Tranches shall be

  
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participated on a pro rata basis by all lenders with commitments under such Revolving Tranches and (3) the permanent repayment of Loans with respect to, and termination of commitments under,
any such Revolving Tranches after the effective date of such Specified Refinancing Revolving Credit Commitment shall be made on a pro rata basis with all other revolving facilities, except that the Borrowers shall be permitted to permanently repay
and terminate commitments of any such revolving facility in full without any requirement to permanently repay and terminate the commitments of any other revolving facilities with a later maturity date than such revolving facility on a pro rata basis
and (y) at no time shall there be more than four separate Classes of revolving commitments hereunder (including Extended Revolving Credit Commitments, Incremental Revolving Credit Commitments and Replacement Revolving Facilities). 

Section 2.19    Ancillary Facilities. 

(a)    Type of Facility. An Ancillary Facility may be by way of any of the following (or any combination of the
following): (i) an overdraft, cheque clearing, automatic payment or other current account facility; (ii) a guarantee, bonding or documentary or stand by letter of credit facility; (iii) a short term loan facility; (iv) a derivatives
facility; (v) a foreign exchange facility; and (vi) any other facility or accommodation as may be required or desirable in connection with the business of the Restricted Group and which is agreed by the Parent and the relevant Ancillary
Lender. 
 (b)    Availability. 

(i)    If the Borrower Representative and a Lender agree and except as otherwise provided herein, the Lender may provide
an Ancillary Facility on a bilateral basis in place of all or part of that Lender’s unused Revolving Credit Commitment (which shall (except for the purposes of determining the Required Lenders, Required Revolving Lenders, Revolving Credit
Lenders and of Section 10.05) be reduced by the amount of the Ancillary Commitment under that Ancillary Facility). 

(ii)    An Ancillary Facility shall not be made available unless at least five Business Days prior to the Ancillary
Commencement Date for that Ancillary Facility, the Administrative Agent has received from the Borrower Representative a notice in writing of the establishment of that Ancillary Facility and specifying: (A) the Revolving Borrower(s) (or, subject
to Section 2.19(i), Affiliate(s) of a Revolving Borrower) which may use that Ancillary Facility provided that no Subsidiary incorporated or established in the Federal Republic of Germany shall be a Borrower in respect of an Ancillary
Facility which is provided in place of all or part of any Lender’s unused U.S. Revolving Credit Commitment; (B) the Ancillary Commencement Date and expiry date of that Ancillary Facility; (C) the type or types of Ancillary Facility to
be provided, including whether such Ancillary Facility will be an Umbrella Ancillary Facility with Local Facilities pursuant to Section 2.19(n); (D) the Ancillary Lender (and any Umbrella Ancillary Local Lender(s), if any); (E) the amount of
the Ancillary Commitment, the maximum amount of the Ancillary Facility and, if the Ancillary Facility is an overdraft facility comprising more than one account, its maximum gross amount (that amount being the “Designated Gross
Amount”) and its maximum net amount (that amount being the “Designated Net Amount”); and (F) the currency or currencies of that Ancillary Facility (if not denominated in Dollars, Euros or Sterling), without prejudice
to the rights of the Administrative Agent to so request, any other information which the Administrative Agent may reasonably request in relation to that Ancillary Facility. 

(iii)    The Administrative Agent shall promptly notify each Revolving Lender of the establishment of an Ancillary
Facility. 
 (iv)    No amendment or waiver of any term of an Ancillary Facility shall require the consent of any
Lender other than the relevant Ancillary Lender unless such amendment or waiver itself relates to or gives rise to a matter which would require an amendment of or under this Agreement (including, for the avoidance of doubt, under this clause
(iv)). In such a case, the provisions of this Agreement with regard to amendments and waivers will apply. 

(v)    Subject to compliance with clause (ii) above, (A) the Lender concerned will become an Ancillary
Lender; and (B) the Ancillary Facility will be available, with effect from the date agreed by the Borrower Representative and the Ancillary Lender. 

  
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 (c)    Terms of Ancillary Facilities. 

(i)    Except as provided in clause (ii) below, the terms of any Ancillary Facility will be those agreed by
the relevant Ancillary Lender and the Borrower Representative. 
 (ii)    However, those terms (A) to the extent
relating to the rate of interest, fees and other remuneration in respect of that Ancillary Facility, must be based upon the normal market rates and terms at that time of that Ancillary Lender; (B) may only allow Revolving Borrowers (or
Affiliates of Revolving Borrowers nominated pursuant to Section 2.19(i)) to use that Ancillary Facility provided that no Subsidiary incorporated or established in the Federal Republic of Germany shall be a Borrower in respect of an
Ancillary Facility which is provided in place of all or part of any Lender’s unused U.S. Revolving Credit Commitment; (C) may not allow the Ancillary Outstandings to exceed the Ancillary Commitment under that Ancillary Facility;
(D) may not allow the Ancillary Commitment of a Lender to exceed the Commitment with respect to the Revolving Credit Facility of that Lender; and (E) must require that the Ancillary Commitment is reduced to zero, and that all Ancillary
Outstandings are repaid (or cash cover is provided in respect of all the Ancillary Outstandings) not later than the Maturity Date for the Revolving Credit Facility (or such earlier date as the Revolving Credit Commitment of the relevant Ancillary
Lender (or its Affiliate) is reduced to zero). 
 (iii)    If there is any inconsistency between any term of an
Ancillary Facility and any term of this Agreement, this Agreement shall prevail except for (i) an Ancillary Facility comprising more than one account where the terms of the Ancillary Documents shall prevail to the extent necessary to permit the
netting of balances on those accounts; and (ii) where the relevant term of this Agreement would be contrary to, or inconsistent with, the law governing the relevant Ancillary Document, in which case that term of this Agreement shall not
prevail. 
 (iv)    Interest, commission and fees on Ancillary Facilities are dealt with in Section 2.19(m).

 (d)    Repayment of Ancillary Facility. 

(i)    An Ancillary Facility shall cease to be available on the Maturity Date for the Revolving Facility under which it
was established or such earlier date on which its expiry date occurs or on which it is cancelled in accordance with the terms of this Agreement. 

(ii)    If and to the extent that an Ancillary Facility expires, or is cancelled (in whole or in part), other than on the
Maturity Date for the Revolving Facility under which it was established, in accordance with its terms or is otherwise cancelled in accordance with this Agreement, the Ancillary Commitment of the Ancillary Lender shall be reduced, and the Revolving
Credit Commitment of the relevant Lender will immediately be increased, accordingly by an amount equal to the amount of the Ancillary Commitment of that Ancillary Facility (or, if less, that part of it which has expired or been cancelled). 

(iii)    No Ancillary Lender may demand repayment or prepayment of any amounts or demand cash cover for any liabilities
made available or incurred by it under its Ancillary Facility (except where the Ancillary Facility is provided on a net limit basis to the extent required to bring any gross outstanding down to the net limit) prior to its expiry date unless
(A) the Revolving Credit Commitments have been cancelled in full, or all outstanding Borrowings under the Revolving Facility have become due and payable in accordance with the terms of this Agreement, or the Administrative Agent has declared
all outstanding Borrowings under the Revolving Facility immediately due and payable, or the expiry date of the Ancillary Facility occurs; or (B) it becomes unlawful in any applicable jurisdiction for the Ancillary Lender to perform any of its
obligations as contemplated by this Agreement or to fund, issue or maintain its participation in its Ancillary Facility; or (C) the Ancillary Outstandings (if any) under that Ancillary Facility can be refinanced by a Revolving Credit Borrowing
and the Ancillary Lender gives sufficient notice to enable a Revolving Facility Utilisation to be made to refinance those Ancillary Outstandings. 

(iv)    For the purposes of determining whether or not the Ancillary Outstandings under an Ancillary Facility mentioned
in clause (iii)(C) above can be refinanced by a Borrowing of the Revolving 

  
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Facility, (A) the Revolving Credit Commitment of the Ancillary Lender will be increased by the amount of its Ancillary Commitment; and (B) the Borrowing may (so long as clause
(iii)(A) above does not apply) be made irrespective of whether a Default has occurred and is continuing is outstanding or any applicable condition precedent is not satisfied (but only to the extent that the proceeds are applied in refinancing
those Ancillary Outstandings). 
 (v)    On the making of a Borrowing of the Revolving Facility to refinance all or
part of any Ancillary Outstandings, (A) each Lender will participate in that Borrowing in an amount (as determined by the Administrative Agent) which will result as nearly as possible in the aggregate amount of its participation in the
Revolving Credit Borrowings then outstanding bearing the same proportion to the aggregate amount of the Revolving Credit Borrowings then outstanding as its Revolving Credit Commitment bears to the Commitments; and (B) the relevant Ancillary
Facility shall be cancelled to the extent of such refinancing. 
 (vi)    In relation to an Ancillary Facility which
comprises an overdraft facility where a Designated Net Amount has been established, the Ancillary Lender providing that Ancillary Facility shall only be obliged to take into account for the purposes of calculating compliance with the Designated Net
Amount those credit balances which it is permitted to take into account by the then current law and regulations in relation to its reporting of exposures to the applicable regulatory authorities as netted for capital adequacy purposes. 

(e)    Ancillary Outstandings. Each Borrower and each Ancillary Lender agrees with and for the benefit of each
Lender that: 
 (i)    the Ancillary Outstandings under any Ancillary Facility provided by that Ancillary Lender shall
not at any time exceed the Ancillary Commitment applicable to that Ancillary Facility and where the Ancillary Facility is an overdraft facility comprising more than one account, Ancillary Outstandings under that Ancillary Facility shall not exceed
the Designated Net Amount in respect of that Ancillary Facility; and 
 (ii)    where all or part of the Ancillary
Facility is an overdraft facility comprising more than one account, the Ancillary Outstandings (calculated on the basis that the words “net of any credit balances on any account of any Borrower of an Ancillary Facility with the Ancillary Lender
making available that Ancillary Facility to the extent that the credit balances are freely available to be set off by that Ancillary Lender against liabilities owed to it by that Borrower under that Ancillary Facility” in brackets in paragraph
(a) of the definition of that term were deleted) shall not exceed the Designated Gross Amount applicable to that Ancillary Facility. 

(f)    Voluntary Cancellation of Ancillary Facilities. The Borrower Representative may, if it gives the
Administrative Agent and the relevant Ancillary Lender not less than five Business Days’ prior notice, cancel the whole or any part of the Ancillary Commitment under an Ancillary Facility, except as expressly set forth in the applicable
agreement for an Ancillary Facility and notified in writing to the Administrative Agent. 
 (g)    Information.
Each Borrower and each Ancillary Lender shall, promptly upon request by the Administrative Agent, supply the Administrative Agent with any information relating to the operation of an Ancillary Facility (including the Ancillary Outstandings) as the
Administrative Agent may reasonably request from time to time. Each Borrower consents to all such information being released to the Administrative Agent and the other Finance Parties. 

(h)    Affiliates of Lenders as Ancillary Lenders. 

(i)    Subject to the terms and conditions herein, an Affiliate of a Revolving Lender may become an Ancillary Lender. In
such case, the Revolving Lender and its Affiliate shall be treated as a single Revolving Lender whose Revolving Credit Commitment is the amount set out opposite the relevant Lender’s name in Schedule 2.01 and/or the amount of any Revolving
Credit Commitment transferred to or assumed by that Lender under this Agreement, to the extent (in each case) not cancelled, reduced or transferred by it under this Agreement. For the purposes of calculating the Lender’s Commitment with respect
to the Revolving Facility, the Lender’s Commitment shall be reduced to the extent of the aggregate of the Ancillary Commitments of its Affiliates. 

  
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 (ii)    The Borrower Representative shall specify any relevant Affiliate of
a Revolving Credit Lender in any notice delivered by the Borrower Representative to the Administrative Agent pursuant to Section 2.19(b). 

(iii)    An Affiliate of a Revolving Credit Lender which becomes an Ancillary Lender shall accede to the Intercreditor
Agreement and any person which so accedes to the Intercreditor Agreement shall, at the same time, become a party to this Agreement as an Ancillary Lender of the Intercreditor Agreement. 

(iv)    If a Lender assigns all of its rights and benefits or transfers all of its rights and obligations to a new
Lender, its Affiliate shall cease to have any obligations under this Agreement or any Ancillary Document. 

(v)    Where this Agreement or any other Loan Document imposes an obligation on an Ancillary Lender and the relevant
Ancillary Lender is an Affiliate of a Lender and is not a party to that document, the relevant Lender shall ensure that the obligation is performed by its Affiliate. 

(i)    Affiliates of Borrowers. 

(i)    Subject to the terms of this Agreement, an Affiliate of a Revolving Borrower may with the approval of the relevant
Ancillary Lender become a borrower with respect to an Ancillary Facility. 
 (ii)    The Borrower Representative shall
specify any relevant Affiliate of a Revolving Borrower in any notice delivered by the Borrower Representative to the Administrative Agent pursuant to Section 2.19(b)(ii). 

(iii)    If a Borrower ceases to be a Revolving Borrower under this Agreement, its Affiliate shall cease to have any
rights under this Agreement or any Ancillary Document. 
 (iv)    Where this Agreement or any other Loan Document
imposes an obligation on a Borrower under an Ancillary Facility and the relevant Borrower is an Affiliate of a Borrower and is not a party to that document, the relevant Borrower shall ensure that the obligation is performed by its Affiliate. 

(v)    Any reference in this Agreement or any other Loan Document to a Borrower being under no obligations (whether
actual or contingent) as a Borrower under such Loan Document shall be construed to include a reference to any Affiliate of a Borrower being under no obligations under any Loan Document or Ancillary Document. 

(j)    Revolving Facility Commitment Amounts. Notwithstanding any other term of this Agreement, each Lender shall
ensure that at all times its Revolving Credit Commitment is not less than (A) its Ancillary Commitment; or (B) the Ancillary Commitment of its Affiliate. 

(k)    Adjustments required in relation to Ancillary Facilities. The Administrative Agent may, by notice in writing
to the Revolving Credit Lenders, reallocate drawn and undrawn U.S. Revolving Credit Commitments and Worldwide Revolving Credit Commitments (as applicable) at the end of an Interest Period among U.S. Revolving Credit Lenders and Worldwide Revolving
Credit Lenders (as applicable) as may be necessary to ensure that any Revolving Credit Lender that intends to enter into an Ancillary Facility has an undrawn Revolving Facility Commitment sufficient to allow it to enter into such Ancillary Facility;
provided that for the avoidance of doubt no such reallocation may increase any Revolving Credit Lender’s Revolving Facility Commitment. 

(l)    Adjustment for Ancillary Facilities Upon Acceleration. 

(i)    In this Section 2.19(l): 

“Revolving Outstandings” means, in relation to a Lender, the aggregate of the equivalent in Dollars, Euros or Sterling of
(i) its participation in each Revolving Credit Borrowing 

  
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then outstanding (together with the aggregate amount of all accrued interest, fees and commission owed to it as a Lender under the Revolving Facility), and (ii) if the Lender is also an
Ancillary Lender, the Ancillary Outstandings in respect of Ancillary Facilities provided by that Ancillary Lender (together with the aggregate amount of all accrued interest, fees and commission owed to it as an Ancillary Lender in respect of the
Ancillary Facility); and 
 “Total Revolving Outstandings” means the aggregate of all Revolving Outstandings. 

(ii)    If a notice is served by the Administrative Agent in accordance with Section 8.02 (or
the proviso to Section 8.02 becomes applicable as a consequence of the occurrence of any event described in Section 8.01(f) or (g) which is continuing), each Lender and each Ancillary Lender shall
promptly adjust by corresponding transfers (to the extent necessary) their claims in respect of amounts outstanding to them under the Revolving Credit Facility and each Ancillary Facility to ensure that after such transfers the Revolving
Outstandings of each Lender bear the same proportion to the Total Revolving Outstandings as such Lender’s Revolving Credit Commitment bears to the total Revolving Credit Commitments, each as at the date such notice is served (or the proviso to
Section 8.02 applies). 
 (iii)    If an amount outstanding under an Ancillary Facility is a
contingent liability and that contingent liability becomes an actual liability or is reduced to zero after the original adjustment is made under Section 2.19(a) above, then each Lender and Ancillary Lender will make a further adjustment by
corresponding transfers (to the extent necessary) to put themselves in the position they would have been in had the original adjustment been determined by reference to the actual liability or, as the case may be, zero liability and not the
contingent liability. 
 (iv)    Prior to the application of the provisions of Section 2.19(l)(i), an Ancillary
Lender that has provided an overdraft comprising more than one account under an Ancillary Facility shall set off any liabilities owing to it under such overdraft facility against credit balances on any account comprised in such overdraft facility.

 (v)    All calculations to be made pursuant to this Section 2.19(l) shall be made by the Administrative Agent
based upon information provided to it by the Lenders and Ancillary Lenders. 
 (vi)    This Section 2.19(l)
shall not oblige any Lender to accept the transfer of a claim relating to an amount outstanding under an Ancillary Facility which is not denominated in either Dollars, Euros, Sterling or an Alternative Currency for the purposes of the Revolving
Credit Facility or in another currency acceptable to that Lender. 
 (m)    Interest, Commission and Fees on
Ancillary Facilities. The rate and time of payment of interest, commission, fees and any other remuneration in respect of each Ancillary Facility shall be determined by agreement between the relevant Ancillary Lender and the borrower of that
Ancillary Facility. 
 (n)    Umbrella Facilities. 

(i)    To the extent an Ancillary Lender (an “Umbrella Ancillary Lender”) has established an Ancillary
Facility with a Borrower in accordance with this Section 2.19 and has designated such Ancillary Facility in connection with the establishment of Local Facilities as described in this Section 2.19(n) in writing to the Administrative Agent
as an “Umbrella Ancillary Facility” (any such Ancillary Facility, an “Umbrella Ancillary Facility”), then an Affiliate of such Ancillary Lender (such Affiliate, an “Umbrella Ancillary Local Lender”) may
make bilateral loans to an Affiliate of a Revolving Borrower on the basis of separate agreements with a total maximum principal amount not to exceed the aggregate principal amount of the Umbrella Ancillary Facilities established by such Umbrella
Ancillary Lender pursuant to this Section 2.19(n) (“Local Facilities”). No Ancillary Lender shall be obliged to make available Local Facilities. 

  
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 (ii)    The Obligations under Local Facilities will be guaranteed (the
“Local Facilities Guarantee”) by the relevant Borrower under the applicable Ancillary Facility, with the maximum amount guaranteed being the “Local Facilities Guarantee Amount”; provided that with respect to
any relevant German Borrower, such guarantee shall be subject to the same provisions applicable to any German Guarantor provided for in Section 12.10, mutatis mutandis, to the same extent as if fully set forth herein
(the “Guarantee Limitations”). The Local Facilities Guarantee Amount shall not exceed the amount of the corresponding Local Facility. 

(iii)    The Umbrella Ancillary Facility shall be deemed utilized, without duplication, by the sum of (i) all direct
borrowings or other utilizations by the applicable Borrower under the Umbrella Ancillary Facility, including arising by payment on the Local Facilities Guarantee, and (ii) the Local Facilities Guarantee Amount. 

(iv)    Upon the making of any demand by an Umbrella Facility Local Lender under the Local Facilities Guarantee, the
relevant Borrower shall borrow, under the applicable Umbrella Ancillary Facility, an aggregate principal amount sufficient to satisfy the applicable obligations of the relevant Affiliate of the Borrower with respect to the Local Facility in respect
of which such demand was made (and no payment on the Local Facilities Guarantee may be made except from the proceeds of a drawing under the Umbrella Ancillary Facility); provided, however, that any relevant German Borrower’s
obligation to comply with this clause (iv) shall be limited to the same extent that the Local Facilities Guarantee is limited by the Guarantee Limitations. 

(v)    The relevant Umbrella Ancillary Lender’s obligation to extend credit under the Umbrella Ancillary Facility in
the circumstances described in clause (iv) above shall be absolute and unconditional and shall not be affected by any circumstance whatsoever, including (A) any setoff, counterclaim, recoupment, defense or other right available to such
Umbrella Ancillary Lender, the relevant Borrower or any other Person for any reason whatsoever, (B) the unavailability of any currency, (C) the occurrence or continuance of a default under the Loan Documents, any Ancillary Facility or any
Local Facility or (D) any other occurrence, event or condition, whether or not similar to any of the foregoing (including whether or not the conditions set forth in Section 4.02 are then satisfied). 

(vi)    Upon receipt of the proceeds of any borrowing pursuant to clause (iv) above, the relevant Borrower shall
concurrently (and no later than one (1) Business Day after receipt thereof) apply the proceeds of such borrowing in satisfaction of amounts demanded under the Local Facilities Guarantee (such obligation being subject to the Guarantee
Limitations). 
 (vii)    Unless previously established in connection with an Umbrella Facility pursuant to Section
2.19(b)(ii) above, a Local Facility may only be established upon two (2) Business Days prior written notice from the applicable Borrower to the Umbrella Ancillary Facility to the Administrative Agent and subject to the utilization of the Local
Facility (and the making of the applicable Local Facilities Guarantee in connection therewith) not causing the obligations of the applicable Borrower to exceed (x) the applicable Ancillary Commitments of the relevant Umbrella Ancillary Lender
and its Affiliates, or the Revolving Credit Commitments of the relevant Umbrella Ancillary Lender and its Affiliates or (y) the total maximum amount of permitted Local Facilities pursuant to this Section 2.19. 

(viii)    The Borrower Representative shall notify the Administrative Agent at least one (1) Business Day in advance
of the termination of any Local Facility. 
 (ix)    Subject to the terms of this Section 2.19, the terms and
conditions of any Local Facility will be as agreed between the relevant Umbrella Ancillary Lender and the borrower of such Local Facility, but in any event may not be in conflict with any term or provision of this Agreement. In the event of any
conflict between the terms of this Agreement and the terms of any Local Facility, the terms of this Agreement shall control. 

Section 2.20    Designation of Borrowers. 

(a)    Parent may from time to time designate one or more Designated Revolving Borrowers for purposes of this Agreement
(subject to the requirements of Section 2.01(c) and the definition of “Designated 

  
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Revolving Borrower”) by delivering to the Administrative Agent (i) a Joinder Agreement in substantially the form attached as Exhibit J hereto (the “Joinder Agreement”),
(ii) a Debtor Joinder Agreement with respect to the Intercreditor Agreement duly executed by such Subsidiary and the Borrower Representative five (5) Business Days prior to the proposed effectiveness of such election, (iii) all
documentation and other information with respect to such Subsidiary required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act
no later than five (5) Business Days prior to the date of such notice (or such later date as may be agreed by the Administrative Agent) and (iv) (A) such documents as set out in Section 4.01(b)(i) as they relate to such Designated
Revolving Borrower and (as the case may be) its shareholders (as if references to certified copy documents are to those documents in sub-paragraph (A) above of this paragraph (iii) and reference to
the “Closing Date” being the date on which it becomes a Designated Revolving Borrower hereunder); and (B) a legal opinion of local counsel to the Administrative Agent (or if customary in the relevant jurisdiction or otherwise, to such
Designated Revolving Borrower) relating to such Designated Revolving Borrower and covering matters customarily covered by such opinion from such counsel in the relevant jurisdiction for such accession in form and substance reasonably satisfactory to
the Administrative Agent; and (C) a copy of each Collateral Document as the Administrative Agent may reasonably request (but always in accordance with Section 6.12 and the Guarantee and Security Principles with respect
to Foreign Subsidiaries for accession of any Guarantor and (as applicable) substantially on the same terms as Collateral Documents already in existence), in each case executed by such Designated Revolving Borrower. 

(b)    Parent may terminate the status of any Subsidiary as a Designated Revolving Borrower for purpose of making further
Revolving Credit Borrowings under this Agreement by delivering to the Administrative Agent a written notice of election to terminate such status as a Designated Revolving Borrower (an “Election to Terminate”) duly executed on behalf
of such Subsidiary and Parent; provided, at the time of such Election to Terminate, such Subsidiary shall have no Revolving Credit Loans, Ancillary Outstandings or L/C Obligations, and no interest, fees or other amounts shall be then due and
payable under the Loan Documents by such Subsidiary. After the delivery of an Election to Terminate in accordance with the requirements of the preceding sentence such Subsidiary shall be relieved of its obligations under this Agreement as a
Designated Revolving Borrower (other than in respect of unpaid fees and interest accrued on or prior to the date of such termination) and the commitments of the Revolving Credit Lenders to make any Credit Extension or any extension of credit under
any Ancillary Facility with respect to such Designated Revolving Borrower shall be irrevocably and permanently terminated, but after the delivery of such Election to Terminate such Subsidiary shall still be deemed to be a Subsidiary Guarantor under
this Agreement and the delivery of such an Election to Terminate shall not affect the obligations of any other Designated Revolving Borrower under this Agreement or any other Loan Document or thereafter incurred by any other Designated Revolving
Borrower. 
 Section 2.21    Designation of Guarantors. Parent (i) shall as required by (and within the
time periods prescribed by) Section 6.13 cause any Subsidiary organized in a jurisdiction in which an existing Guarantor is organized (or identified by the Borrower Representative to the Collateral Trustee and reasonably satisfactory to the
Collateral Trustee) and (ii) may, in its sole discretion, cause such Subsidiaries, in the case of each of the foregoing clauses (i) and (ii) to Guarantee the Obligations by causing such Subsidiary to execute and deliver to the
Administrative Agent a Joinder Agreement, a Debt Joinder Agreement, a Security Agreement Joinder (in the case of any U.S. Subsidiary) and each other document listed in Section 2.20(a) (as if references to the “Designated Revolving
Borrower” were to such Subsidiary and “acceding borrower” were to “acceding guarantor”), and any such Subsidiary shall thereafter be a Guarantor and Loan Party hereunder for all purposes. 

ARTICLE III. 

Taxes, Currency Equivalents, Increased Costs Protection and Illegality 

Section 3.01    Taxes. 

(a)    Any and all payments by or on account of any obligation of the Borrowers or any other Loan Party hereunder or under
any other Loan Document or Ancillary Document shall be made without deduction or withholding for any Taxes, except as required by applicable Law. If any applicable Law (including an administrative order by a German tax authority pursuant to Sec. 50a
para 7 German Income Tax Act, and as determined in the good faith discretion of an applicable withholding agent) requires the deduction or withholding of any Tax from or in respect of any such payment, then the Borrower, the other Loan Party,
Administrative Agent or 

  
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other applicable withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in
accordance with applicable Law and, if such Tax is an Indemnified Tax, the sum payable by the applicable Borrower or other applicable Loan Party shall be increased as necessary so that after all such deductions or withholdings have been made
(including such deductions and withholdings applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or
withholding been made. 
 (b)    In addition but without duplication, the Loan Parties shall timely pay to the relevant
Governmental Authority in accordance with applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c)    Without duplication, the Loan Parties shall jointly and severally indemnify each Recipient, within 30 days after
demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such Recipient or required to
be withheld or deducted from a payment to such Recipient and any reasonable out-of-pocket expenses arising therefrom or with respect thereto, whether or not such
Indemnified 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 Borrower Representative 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. 

(d)    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 Borrowers and any Loan
Party to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.05(c) 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 Loan 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 Loan 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
Section 3.01(d). 
 (e)    Within 30 days after any payment of Taxes by any Loan Party to a Governmental
Authority pursuant to this Section 3.01, such Loan 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. 

(f)    If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any
Indemnified Taxes as to which it has been indemnified pursuant to this Section 3.01 (including by the payment of additional amounts pursuant to Section 3.01(a) or payment of Other Taxes pursuant to Section
3.01(b)), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of payments made under this Section 3.01 with respect to the Indemnified Taxes giving rise to such refund), net of
all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall promptly repay to such indemnified party the amount paid over pursuant to this Section 3.01(f) (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 3.01(f), in no event will the
indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 3.01(f) the payment of which would place the indemnified party in a less favorable net after-Tax
position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to
such Tax had never been paid. This Section 3.01(f) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party
or any other Person. 

  
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 (g)    Each Lender agrees that, upon the occurrence of any event giving rise
to the operation of Section 3.01(a) or (c) with respect to such Lender it will, if requested by the Borrower Representative (on behalf of the Borrowers), use commercially reasonable efforts (subject to such Lender’s overall
internal policies of general application and legal and regulatory restrictions) to avoid or reduce to the greatest extent possible any indemnification or additional amounts being due under this Section 3.01, including to
designate another Lending Office for any Loan or Letter of Credit affected by such event; provided that such efforts are made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s) to suffer no
material economic, legal or regulatory disadvantage; provided, further, that nothing in this Section 3.01(g) shall affect or postpone any of the Obligations of the Borrowers or the rights of such Lender pursuant to Sections
3.01(a) and (c). The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender as a result of a request by the Borrower Representative (on behalf of the Borrowers) under this Section 3.01(g). 

(h)    (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to any payments
made under any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrower Representative (on behalf of the Borrowers) or the Administrative Agent, such properly completed and
executed documentation reasonably requested by the Borrower Representative (on behalf of the Borrowers) or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any
Lender, if reasonably requested by the Borrower Representative (on behalf of the Borrowers) or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Borrower Representative (on
behalf of the Borrowers) or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to
the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 3.01(h)(ii), (iii) and (iv) below) shall not be required if in
the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii)    If a payment made to a Recipient under any Loan Document would be subject to U.S. federal withholding Tax imposed
by FATCA if such Recipient were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Recipient shall deliver to the Borrower Representative
(on behalf of the Borrowers) and the Administrative Agent at the time or times prescribed by Law and at such time or times reasonably requested by the Borrowers or the Administrative Agent such documentation prescribed by applicable Law (including
as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower Representative (on behalf of the Borrowers) or the Administrative Agent as may be necessary for the Borrowers and the
Administrative Agent to comply with their obligations under FATCA to determine whether such Recipient has complied with such Recipient’s obligations under FATCA and, if necessary, to determine the amount to deduct and withhold from such
payment. Solely for purposes of this clause (ii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(iii)    Each Non-U.S. Lender Party that, at any of the following times, is
entitled to an exemption from, or a reduced rate of, U.S. federal withholding Tax with respect to payments made under any Loan Document shall (w) on or prior to the date such Non-U.S. Lender Party becomes
a “Non-U.S. Lender Party” hereunder, (x) on or prior to the date on which any such form or certification expires or becomes obsolete, (y) after the occurrence of any event requiring a
change in the most recent form or certification previously delivered by it pursuant to this clause (h) and (z) from time to time if requested by the U.S. Borrower or Agent (or, in the case of a participant or SPV, the relevant Lender), provide
Agent and the U.S. Borrower (or, in the case of a participant or SPV, the relevant Lender) with two completed copies of each of the following, as applicable: (A) Forms W-8ECI (claiming exemption from U.S.
federal withholding Tax because the income is effectively connected with a U.S. trade or business), W-8BEN or W-8BEN-E (claiming
exemption from, or a reduction of, U.S. federal withholding Tax) and/or W-8IMY (together with appropriate forms, certifications and supporting statements) or any successor forms, (B) in the case of a Non-U.S. Lender Party claiming exemption under Sections 871(h) or 881(c) of the Code, 

  
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Form W-8BEN or W-8BEN-E (claiming exemption from U.S. federal withholding
Tax) or any successor form and a certificate in form and substance acceptable to U.S. Borrower and Agent that such Non-U.S. Lender Party is not (1) a “bank” within the meaning of Section
881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the U.S. Borrower within the meaning of Section 881(c)(3)(B) of the Code or (3) a “controlled foreign corporation” described in Section 881(c)(3)(C) of
the Code or (C) any other applicable document prescribed by any Requirement of Law or reasonably requested by Agent or the U.S. Borrower as will permit such payments to be made without such withholding or at a reduced rate of such withholding.
Unless the U.S. Borrower and Agent have received forms or other documents satisfactory to them indicating that payments under any Loan Document to or for a Non-U.S. Lender Party are not subject to withholding
Tax or are subject to such Tax at a reduced rate, the Credit Parties and Agent shall withhold amounts required to be withheld by applicable Requirements of Law from such payments at the applicable statutory rate. 

(iv)    Each U.S. Lender Party shall (A) on or prior to the date such U.S. Lender Party becomes a “U.S. Lender
Party” hereunder, (B) on or prior to the date on which any such form or certification expires or becomes obsolete, (C) after the occurrence of any event requiring a change in the most recent form or certification previously delivered
by it pursuant to this clause (h) and (D) from time to time if requested by the U.S. Borrower or Agent (or, in the case of a participant or SPV, the relevant Lender), provide Agent and the U.S. Borrower (or, in the case of a participant or SPV,
the relevant Lender) with two completed copies of Form W-9 (certifying that such U.S. Lender Party is entitled to an exemption from U.S. backup withholding) or any successor form and any other applicable
document prescribed by any Requirement of Law or reasonably requested by Agent or the U.S. Borrower as will permit any payment under any Loan Document to be made without withholding or at a reduced rate of withholding. 

Each Lender agrees that if any documentation it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall
promptly update and deliver such form or certification to the Borrowers and the Administrative Agent or promptly notify the Borrowers and the Administrative Agent in writing of its legal ineligibility to do so. 

Notwithstanding any other provision of this Section 3.01(h), a Lender shall not be required to deliver any documentation that such
Lender is not legally eligible to deliver. 
 (v)    VAT. (i) All amounts expressed to be payable under any
Loan Document by any Party to a Finance Party which (in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to Section
3.01(i)(ii) below, if VAT is or becomes chargeable on any supply made by any Finance Party to any Party under any Loan Document and such Finance Party is required to account to the relevant tax authority for the VAT, that Party must pay to such
Finance Party (in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of the VAT (and such Finance Party must promptly provide an appropriate VAT invoice to that Party). 

(vi)    If VAT is or becomes chargeable on any supply made by any Finance Party (the “Supplier”) to any
other Finance Party (the “Receiving Party”) under any Loan Document, and any Party other than the Receiving Party (the “Relevant Party”) is required by the terms of any Loan Document to pay an amount equal to the
consideration for that supply to the Supplier (rather than being required to reimburse or indemnify the Receiving Party in respect of that consideration): 

(A)    (where the Supplier is the person required to account to the relevant tax authority for the VAT) the
Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The Receiving Party must (where this paragraph (A) applies) promptly pay to the Relevant Party an
amount equal to any credit or repayment the Receiving Party receives from the relevant tax authority which the Receiving Party reasonably determines relates to the VAT chargeable on that supply; and 

(B)    (where the Receiving Party is the person required to account to the relevant tax authority for the
VAT) the Relevant Party must promptly, following demand from the Receiving Party, pay to the Receiving Party an amount equal to the VAT chargeable on that supply but only to the extent that the Receiving Party reasonably determines that it is not
entitled to credit or repayment from the relevant tax authority in respect of that VAT. 

  
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 (vii)    Where a Loan Document requires any Party to reimburse or indemnify
a Finance Party for any cost or expense, that Party shall reimburse or indemnify (as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Finance
Party reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority. 

(viii)    Any reference in this Section 3.01(i) to any Party shall, at any time when such Party is treated as a
member of a group (including but not limited to any fiscal unities) for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is treated as making the supply, or (as appropriate) receiving
the supply under the grouping rules. 
 (ix)    In relation to any supply made by a Finance Party to any Party under a
Loan Document, if reasonably requested by such Finance Party, that Party must promptly provide such Finance Party with details of that Party’s VAT registration and such other information as is reasonably requested in connection with such
Finance Party’s VAT reporting requirements in relation to such supply. 
 (x)    For the avoidance of doubt, the
term “Lender” shall, for purposes of this Section 3.01, include any L/C Issuer. 

(xi)    The Administrative Agent, and, if legally entitled to do so, any successor or supplemental Administrative Agent
that is not a United States person under Section 7701(a)(30) of the Code, shall deliver to the U.S. Borrower two duly completed copies of Internal Revenue Service Form W-8IMY certifying that it is a
“U.S. branch” and that the payments it receives for the account of others are not effectively connected with the conduct of a trade or business in the United States and that it is using such form as evidence of its agreement with the
Borrower to be treated as a United States person with respect to such payments (and the U.S. Borrower and the Administrative Agent agree to so treat the Administrative Agent as a United States person with respect to such payments as contemplated by
Treasury Regulation Section 1.1441-1(b)(2)(iv)(A)), with the effect that the Borrower can make payments to the Administrative Agent without deduction or withholding of any Taxes imposed by
Section 1441 of the Code. For this purpose, the Administrative Agent represents and warrants to the U.S. Borrower that it is a U.S. branch of a foreign bank subject to regulatory supervision by the Federal Reserve Board (within the meaning
of Treasury Regulation Section 1.1441-1(b)(2)(iv)(A)). 

Section 3.02    [Reserved]. 

Section 3.03    Illegality. 

(a)    If any Lender reasonably 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, maintain or fund Loans or Ancillary Commitments whose interest is determined by reference to the Eurocurrency Rate (whether denominated in Dollars, Euros,
Sterling or an Alternative Currency), or to determine or charge interest rates based upon the Adjusted Eurocurrency Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take
deposits of, Dollars, Euros, Sterling or any Alternative Currency in the applicable interbank market, then, on notice thereof by such Lender to the Borrower Representative through the Administrative Agent, (i) any obligation of such Lender to
make or continue Eurocurrency Rate Loans in the affected currency or currencies or to convert Base Rate Loans to Eurocurrency Rate Loans shall be suspended and (ii) if such notice asserts the illegality of such Lender making or maintaining Base
Rate Loans the interest rate on which is determined by reference to the Adjusted Eurocurrency Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender, shall, if necessary to avoid such illegality, be determined by
the Administrative Agent without reference to the Eurocurrency Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrowers that the circumstances giving rise to such determination no longer
exist. Upon receipt of such notice, (x) the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay such Loans or, (I) if applicable and such Loans are denominated in Dollars, convert all of such
Lender’s Eurocurrency Rate Loans to Base Rate Loans (the interest rate 

  
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on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Adjusted Eurocurrency Rate component of
the Base Rate) or (II) if applicable and such Loans are denominated in Euros or Alternative Currencies other than Dollars, the interest rate with respect to such Loans shall be determined by an alternative rate mutually acceptable to the
Borrowers and the Appropriate Lenders, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or immediately, if such Lender may not lawfully continue to
maintain such Eurocurrency Rate Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurocurrency Rate, the Administrative Agent shall during the period of such suspension
compute the Base Rate applicable to such Lender without reference to the Eurocurrency Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge
interest rates based upon the Eurocurrency Rate. Upon any such prepayment or conversion, the applicable Borrower shall also pay accrued interest on the amount so prepaid or converted and all amounts due, if any, in connection with such prepayment or
conversion under Section 3.06. 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. 
 (b)    If it becomes unlawful for a Lender to perform any of its
obligations as contemplated by this Agreement or to fund, issue or maintain its participation in any Loan or Ancillary Commitment, (i) that Lender, shall promptly notify the Administrative Agent upon becoming aware of that event, (ii) the
Commitments of that Lender will be immediately cancelled, (iii) the Administrative Agent shall notify the Borrower Representative who shall either (x) replace such Lender by causing such Lender to (and such Lender shall be obligated to)
assign pursuant to Section 10.05(b) (with the assignment fee to be paid by the Borrowers in such instance unless waived by the Administrative Agent) all of its rights and obligations under this Agreement to one or more Eligible Assignees;
provided that neither the Administrative Agent nor any Lender shall have any obligation to the Borrowers to find a replacement Lender or other such Person, or (y) repay and cause each other Borrower to repay all Obligations owing (and
the amount of all accrued interest and fees in respect thereof) to that Lender relating to the Loans and participations held by such Lender, in the case of clauses (x) and (y) above on the last day of the Interest Period for each
Loan occurring after receipt by the Borrower Representative of notice pursuant to clause (iii) or, if earlier, the date specified by the Lender in the notice delivered to the Administrative Agent (being no earlier than the last day of
any applicable grace period permitted by law). 
 (c)    If it becomes unlawful for a L/C Issuer to issue or leave
outstanding any Letter of Credit then, (i) that L/C Issuer shall promptly notify the Administrative Agent upon becoming aware of that event and (ii) upon the Administrative Agent notifying the Borrower Representative, the Borrower
Representative shall procure that each Loan Party shall use its best endeavors to procure the release of each Letter of Credit issued by that L/C Issuer and outstanding at such time. 

Section 3.04    Inability to Determine Rates. If the Required Lenders reasonably determine that for any
reason, adequate and reasonable means do not exist for determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan, or that the Eurocurrency Rate for any requested Interest Period with
respect to a proposed Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, or that deposits are not being offered to banks in the relevant interbank market for the applicable amount and the
Interest Period of such Eurocurrency Rate Loan, the Administrative Agent will promptly so notify the Borrowers and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans in the affected currency
or currencies shall be suspended and (y) in the event of a determination described in the preceding sentence with respect to the Eurocurrency Rate component of the Base Rate, the utilization of the Eurocurrency Rate component in determining the
Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower Representative (on behalf of the Borrowers) may revoke any
pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein (or, in
the case of a pending request for a Loan denominated in Euros or an Alternative Currency, the Borrowers and the Lenders may establish a mutually acceptable alternative rate). 

  
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 Section 3.05    Increased Cost and Reduced Return; Capital
Adequacy. 
 (a)    If any Lender reasonably determines that as a result of any Change in Law, in each case after the
date hereof (other than to the extent any increased cost is suffered or incurred with respect to any Bank Levy (or any payment attributable to, or any liability arising as a consequence of a Bank Levy)), or such Lender’s compliance therewith,
there shall be any material increase in the cost to such Lender of agreeing to make or making, funding or maintaining any Loan or Ancillary Commitment the interest on which is determined by reference to the Eurocurrency Rate or (as the case may be)
issuing or participating in Letters of Credit, or a material reduction in the amount received or receivable by such Lender in connection with any of the foregoing (including Taxes on or in respect of its loans, letters of credit, commitments, or
other obligations, or its deposits, reserves, other liabilities or capital attributable thereto, but excluding for purposes of this Section 3.05(a) any such increased costs or reduction in amount resulting from (i) Indemnified Taxes
indemnifiable under Section 3.01, (ii) Excluded Taxes, and (iii) reserve requirements reflected in the Eurocurrency Rate), then within 15 days after demand of such Lender setting forth in reasonable detail such
increased costs (with a copy of such demand to the Administrative Agent given in accordance with Section 3.06), the Borrowers shall pay to such Lender such additional amounts as will compensate such Lender for such
increased cost or reduction. 
 (b)    If any Lender reasonably determines that any Change in Law (other than to the
extent any increased cost is suffered or incurred with respect to any Bank Levy (or any payment attributable to, or any liability arising as a consequence of a Bank Levy)), regarding capital adequacy or any change therein or in the interpretation
thereof, in each case after the date hereof, or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of
such Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and such Lender’s desired return on capital), then within 15 days after demand of such Lender setting forth in reasonable detail
the charge and the calculation of such reduced rate of return (with a copy of such demand to the Administrative Agent given in accordance with Section 3.06), the Borrowers shall pay to such Lender such additional amounts as
will compensate such Lender for such reduction. 
 (c)    The Borrowers shall pay to each Lender, (i) as long as
such Lender shall be required to maintain reserves or liquidity with respect to liabilities or assets consisting of or including Eurocurrency Rate funds or deposits, additional interest on the unpaid principal amount of each Eurocurrency Rate Loan
equal to the actual costs of such reserves or liquidity allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive in the absence of manifest error), and (ii) as long as such
Lender shall be required to comply with any liquidity requirement, reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the
funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender
(as determined by such Lender in good faith, which determination shall be conclusive absent manifest error) which in each case shall be due and payable on each date on which interest is payable on such Loan; provided the Borrowers shall have
received at least 15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or cost from such Lender. If a Lender fails to give notice fifteen days prior to the relevant Interest Payment Date, such additional
interest or cost shall be due and payable 15 days from receipt of such notice. 
 (d)    For purposes of this
Section 3.05, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules,
guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case
pursuant to Basel III, shall, in each case, be deemed to have gone into effect after the date hereof, regardless of the date enacted, adopted or issued. 

Section 3.06    Funding Losses. Upon written demand of any Lender (with a copy to the Administrative Agent)
from time to time, setting forth in reasonable detail the basis for calculating such compensation, the Borrowers shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

 (a)    any continuation, conversion, payment or prepayment of any Eurocurrency Rate Loan on a day other than the last
day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

  
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 (b)    any failure by the Borrowers (for a reason other than the failure of
such Lender to make a Loan or pursuant to a conditional notice) to prepay, borrow, continue or convert any Eurocurrency Rate Loan on the date or in the amount notified by the Borrowers; 

(c)    any failure by a Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due
thereon) on its scheduled due date or any payment of any Loan or drawing under any Letter of Credit (or interest due thereon) in a different currency from such Loan or Letter of Credit drawing; or 

(d)    any mandatory assignment of such Lender’s Eurocurrency Rate Loans pursuant to
Section 3.07 on a day other than the last day of the Interest Period for such Loans, 

(e)    including foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds
obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained, or from the performance of any foreign exchange contract (but excluding anticipated profits). The Borrowers shall also pay any
customary administrative fees charged by such Lender in connection with the foregoing. 

Section 3.07    Matters Applicable to All Requests for Compensation. 

(a)    A certificate of any Agent or any Lender claiming compensation under this Article III and setting forth in
reasonable detail a calculation of the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, such Agent or such Lender may use any reasonable averaging and
attribution methods. With respect to any Lender’s claim for compensation under Section 3.03, 3.04 or 3.05, the Loan Parties shall not be required to compensate such Lender for any amount incurred more
than 180 days prior to the date that such Lender notifies the Borrower Representative of the event that gives rise to such claim; provided that, if the circumstance giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(b)    If any Lender requests compensation under Section 3.01 or 3.05, or a Borrower is
required to pay any additional amount to any Lender, the L/C Issuer, or any Governmental Authority for the account of any Lender or the L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to
Section 3.03, then such Lender or the L/C Issuer, as applicable, will, if requested by the Borrower Representative (on behalf of the Borrowers) and at the Borrowers’ expense, use commercially reasonable efforts to
designate another Lending Office for any Loan or Letter of Credit affected by such event; provided that such efforts (i) would eliminate or reduce amounts payable pursuant to Sections 2.06(b)(iv), 3.01, 3.04 or
3.05, as applicable, in the future and (ii) would not, in the judgment of such Lender or such L/C Issuer, as applicable, be inconsistent with the internal policies of, or otherwise be disadvantageous in any material legal, economic or
regulatory respect to such Lender or its Lending Office or such L/C Issuer. The provisions of this Section 3.07(b) shall not affect or postpone any Obligations of the Borrowers or rights of such Lender pursuant to
Section 3.05. 
 (c)    If any Lender requests compensation by the Borrowers under
Section 3.05, the Borrower Representative (on behalf of the Borrowers) may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue from one Interest
Period to another Eurocurrency Rate Loans denominated in Dollars, or to convert Base Rate Loans into Eurocurrency Rate Loans denominated in Dollars, until the event or condition giving rise to such request ceases to be in effect (in which case the
provisions of Section 3.07(e) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested. 

(d)    If the obligation of any Lender to make or continue from one Interest Period to another any Eurocurrency Rate Loan
denominated in Dollars, or to convert Base Rate Loans into Eurocurrency Rate Loans denominated in Dollars shall be suspended pursuant to Section 3.07(c) hereof, such Lender’s Eurocurrency Rate

  
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Loans denominated in Dollars shall be automatically converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for such Eurocurrency Rate Loans (or, in the case of
an immediate conversion required by Section 3.03, on such earlier date as required by Law) and, unless and until such Lender gives notice as provided below that the circumstances specified in
Section 3.03, 3.04 or 3.05 hereof that gave rise to such conversion no longer exist: 

(i)    to the extent that such Lender’s Eurocurrency Rate Loans denominated in Dollars have been so converted, all
payments and prepayments of principal that would otherwise be applied to such Lender’s Eurocurrency Rate Loans denominated in Dollars shall be applied instead to its Base Rate Loans; and 

(ii)    all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as
Eurocurrency Rate Loans denominated in Dollars shall be made or continued instead as Base Rate Loans, and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans denominated in Dollars shall remain as Base
Rate Loans. 
 (e)    If any Lender gives notice to the Borrower Representative (with a copy to the Administrative
Agent) that the circumstances specified in Section 3.03, 3.04 or 3.05 hereof that gave rise to the conversion of such Lender’s Eurocurrency Rate Loans denominated in Dollars pursuant to this
Section 3.07 no longer exist (which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurocurrency Rate Loans denominated in Dollars made by other Lenders are outstanding, such
Lender’s Base Rate Loans shall be automatically converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Eurocurrency Rate Loans denominated in Dollars, to the extent necessary so that, after giving effect
thereto, all Loans held by the Lenders holding Eurocurrency Rate Loans denominated in Dollars and by such Lender are held pro rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective
Commitments. 
 (f)    A Lender shall not be entitled to any compensation pursuant to the foregoing sections to the
extent such Lender is not imposing such charges or requesting such compensation from borrowers (similarly situated to the Borrowers hereunder) under comparable syndicated credit facilities. 

Section 3.08    Replacement of Lenders under Certain Circumstances. 

(a)    If at any time (i) the Borrowers become obligated to pay additional amounts or indemnity payments described in
Section 3.01 or 3.05 (other than with respect to Other Taxes) as a result of any condition described in such Sections or any Lender ceases to make Eurocurrency Rate Loans as a result of any condition described in
Section 3.03 or 3.04, (ii) any Lender becomes a Defaulting Lender or (iii) any Lender becomes a Non-Consenting Lender (as defined below in this
Section 3.08) (collectively, a “Replaceable Lender”), then the Borrowers may, on ten Business Days’ prior written notice from the Borrower Representative to the Administrative Agent and such Lender,
either (x) replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to Section 10.05(b) (with the assignment fee to be paid by the Borrowers in such instance unless waived by the
Administrative Agent) all of its rights and obligations under this Agreement (or, in the case of a Non-Consenting Lender, all of its rights and obligations under this Agreement with respect to the Facility or
Facilities for which its consent is required) to one or more Eligible Assignees; provided that neither the Administrative Agent nor any Lender shall have any obligation to the Borrowers to find a replacement Lender or other such Person or
(y) so long as no Event of Default shall have occurred and be continuing, terminate the Commitment of such Lender or L/C Issuer, as the case may be, and (1) in the case of a Lender (other than an L/C Issuer), repay all Obligations of the
Borrowers owing (and the amount of all accrued interest and fees in respect thereof) to such Lender relating to the Loans and participations held by such Lender as of such termination date and (2) in the case of an L/C Issuer, repay all
obligations of the Borrowers owing to such L/C Issuer relating to the Loans and participations held by such L/C Issuer as of such termination date and cancel or backstop on terms satisfactory to such L/C Issuer any Letters of Credit issued by it;
provided that (i) in the case of any such replacement of, or termination of Commitments with respect to a Non-Consenting Lender such replacement or termination shall be sufficient (together with
all other consenting Lenders including any other Replacement Lender) to cause the adoption of the applicable modification, waiver or amendment of the Loan Documents and (ii) in the case of any such replacement as a result of Borrowers having
become obligated to pay amounts described in Section 3.01 or 3.04, such replacement would eliminate or reduce payments pursuant to Section 3.01 or 3.04, as applicable,

  
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in the future. Any Lender being replaced pursuant to this Section 3.08(a) shall (i) execute and deliver an Assignment and Assumption with respect to such Lender’s Commitment and
outstanding Loans and participations in L/C Obligations and (ii) deliver any Notes evidencing such Loans to the Borrower Representative (for return to the applicable Borrower) or the Administrative Agent. Pursuant to such Assignment and
Assumption, (A) the assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s Commitment and outstanding Loans and participations in L/C Obligations, (B) all Obligations relating to the Loans and
participations (and the amount of all accrued interest, fees and premium, if due, in respect thereof) so assigned shall be paid in full by the assignee Lender to such assigning Lender concurrently with such assignment and assumption and
(C) upon such payment and, if so requested by the assignee Lender, the assigning Lender shall deliver to the assignee Lender the applicable Note or Notes executed by the Borrowers, the assignee Lender shall become a Lender hereunder and the
assigning Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans, Commitments and participations, except with respect to indemnification provisions under this Agreement, which shall survive as to such assigning
Lender. In connection with any such replacement, if any such Replaceable Lender does not execute and deliver to the Administrative Agent a duly executed Assignment and Assumption reflecting such replacement within five Business Days of the date on
which the assignee Lender executes and delivers such Assignment and Assumption to such Replaceable Lender, then such Replaceable Lender shall be deemed to have executed and delivered such Assignment and Assumption without any action on the part of
the Replaceable Lender. In connection with the replacement of any Lender pursuant to this Section 3.08(a), the Borrowers shall pay to such Lender such amounts as may be required pursuant to Section 3.06. 

(b)    Notwithstanding anything to the contrary contained above, (i) any Lender that acts as an L/C Issuer may not be
replaced hereunder at any time that it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such L/C Issuer (including the furnishing of a back-up standby letter of credit in form
and substance, and issued by an issuer reasonably satisfactory to such L/C Issuer or the depositing of Cash Collateral into a cash collateral account in amounts and pursuant to arrangements consistent with the requirements of
Section 2.16) have been made with respect to such outstanding Letter of Credit and (ii) the Lender that acts as the Administrative Agent may not be replaced hereunder except in accordance with the terms of
Section 9.01. 
 (c)    In the event that (i) the Borrower Representative (on behalf of
the Borrowers) or the Administrative Agent has requested the Lenders to consent to a waiver of any provisions of the Loan Documents or to agree to any amendment or other modification thereto, (ii) the waiver, amendment or modification in
question requires the agreement of all affected Lenders in accordance with the terms of Section 10.02 or all the Lenders with respect to a certain Tranche of the Loans and (iii) the Required Lenders have agreed to such
waiver, amendment or modification, then any Lender who does not agree to such waiver, amendment or modification, in each case, shall be deemed a “Non-Consenting Lender”; provided, that
the term “Non-Consenting Lender” shall also include (x) any Lender that rejects (or is deemed to reject) an Extension Offer under Section 2.15, which Extension Offer
has been accepted by at least the Majority Lenders of the respective Tranche of Loans whose Loans and/or Commitments are to be extended pursuant to such Extension Offer and (y) any Lender that does not elect to become a lender in respect of any
Specified Refinancing Debt pursuant to Section 2.18. If any applicable Lender shall be deemed a Non-Consenting Lender and is required to assign all or any portion of its Term Loans or
its Term Loans are prepaid by the applicable Borrower(s), pursuant to Section 3.08(c) on or prior to the six month anniversary of the Closing Date in connection with any such waiver, amendment or modification constituting a Repricing
Transaction, the applicable Borrower(s) shall pay such Non-Consenting Lender a fee as contemplated by Section 2.05(a)(iv). 

(d)    Survival. All of the Loan Parties’ obligations under this Article III shall survive termination
of the Aggregate Commitments and repayment of all other Obligations hereunder, any assignment by or replacement of a Lender, any resignation of the Administrative Agent and the termination of this Agreement. 

  
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 ARTICLE IV. 

Conditions Precedent to Credit Extensions 

Section 4.01    Closing Date. The obligations of the Lenders to make the initial Credit Extensions hereunder
shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.02): 

(a)    Loan Documents. The Administrative Agent (or its counsel) shall have received (i) from each of the Loan
Parties and each of the Lenders holding Commitments as of the Closing Date a counterpart of this Agreement signed on behalf of each such party, (ii) each Note (to the extent requested at least three Business Days prior to the Closing Date),
(iii) from each of the Loan Parties party thereto, counterparts of each of the Collateral Documents and other documents described on Part A of Schedule 1.01(a) and the Intercreditor Agreement, each signed on behalf of such party and
(iv) from each other party required to be party to the Intercreditor Agreement as of the Closing Date, counterparts of the Intercreditor Agreement, each signed on behalf of each such other party. 

(b)    Closing Certificates; Certified Charters; Good Standing Certificates. The Administrative Agent shall have
received (i) a certificate of each Loan Party (excluding any Loan Party organized in Switzerland, Germany or Luxembourg), dated the Closing Date and executed by a Responsible Officer of such Loan Party, which shall (A) certify that
attached thereto is a true and complete copy of the resolutions or written consents of its board of directors, members or other governing body authorizing the execution, delivery and performance of the Loan Documents to which it is a party and, in
the case of each Borrower, the Borrowings hereunder, and that such resolutions or written consents have not been modified, rescinded or amended and are in full force and effect, (B) identify by name and title and bear the signatures of the
Responsible Officer or authorized signatory of such Loan Party authorized to sign the Loan Documents to which it is a party and (C) certify that attached thereto is a true and complete copy of the certificate or articles of incorporation,
association or organization (or memorandum of association or other equivalent thereof) of each Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party and a true and correct copy of its by-laws or operating, management, partnership or similar agreement (to the extent applicable) and that such documents or agreements have not been amended since the date of the last amendment thereto shown on the
certificate of good standing referred to below (except as otherwise attached to such certificate and certified therein as being the only amendments thereto as of such date), (ii) a certificate of good standing (or subsistence) with respect to each
Loan Party excluding any Loan Party organized in Switzerland, Luxembourg or Germany, from the Secretary of State (or similar official) of the state of such Loan Party’s organization (to the extent relevant and available in the jurisdiction of
organization of such Loan Party), (iii) in relation to each Loan Party incorporated or established in Germany, (A) an up-to-date (aktuell) certified
commercial register extract (beglaubigter Handelsregisterauszug), articles of association (Satzung) or, as the case may be, partnership agreement (Gesellschaftsvertrag), of each such Loan Party, a list of shareholders or
partners (Gesellschafterliste) (if applicable) (B) a copy of resolutions signed by all the holders of the issued shares or partnership interests as the case may be of each such Loan Party and, if applicable, a copy of a resolution of the
supervisory board (Aufsichtsrat) and/or advisory board (Beirat) of each such Loan Party, approving the terms of, and the transactions contemplated by this Agreement and the other Loan Documents, (C) a specimen of the signature of
each person authorized to execute the Credit Agreement, any other Loan Document and other documents and notices to be signed and/or dispatched by each such Loan Party under or in connection with this Agreement and/or the other Loan Documents to
which each such Loan Party is a party and (D) a certificate of an authorized signatory of each such Loan Party certifying that each copy document relating to it specified in (A) to (C) above is correct, complete and in full force and
effect as at a date no earlier than the Closing Date, (iv) in relation to each Loan Party incorporated or established in Switzerland, (A) an up-to-date
(aktuell) certified commercial register extract (beglaubigter Handelsregisterauszug) and an update to date certified copy of the current articles of association (Statuten) of each such Loan Party (B) a copy of
resolutions of the board of directors or managing officers (as applicable) and a copy of the minutes of a shareholder or quotaholder meeting, as applicable, meeting of each such Loan Party, each approving the terms of, and the transactions
contemplated by this Agreement and the other Loan Documents to which it is a party, (C) a specimen of the signature of each person authorized to execute the Credit Agreement, any other Loan Document and other documents and notices to be signed
and/or dispatched by each such Loan Party under or in connection with this Agreement and/or the other Loan Documents to which each such Loan Party is a party and (D) a certificate of an authorized signatory of each such Loan Party certifying
that each copy document relating to it specified in (iv)(A) to (C) above is correct, complete and in full force and effect as at a date no earlier than the Closing Date and (v) in relation to each Luxembourg Loan Party, (A) an up-to-date electronic certified true and complete excerpt of the Luxembourg Companies Register dated no earlier than one Business Day prior to the Closing Date, (B) an up-to-date electronic certified true and complete certificate of non-registration of judgments (certificat de non-inscription d’une décision judiciaire), issued by the Luxembourg Companies Register no earlier than one Business Day prior to the Closing Date and reflecting the situation no more than two
Business Days prior to the Closing Date certifying that, as of the date of the day immediately preceding such certificate, the Luxembourg Loan Party has not been declared bankrupt (en faillite), and that it has not applied for general
settlement or composition with creditors (concordat préventif de faillite), controlled management 

  
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(gestion contrôlée), or reprieve from payment (sursis de paiement), judicial or voluntary liquidation (liquidation judiciaire ou volontaire), such other
proceedings listed at Article 13, items 2 to 11, 13 and Article 14 of the Luxembourg Act dated December 19, 2002 on the Register of Commerce and Companies, on Accounting and on Annual Accounts of the Companies (as amended from time to time)
(and which include foreign court decisions as to faillite, concordat or analogous procedures according to European Insolvency Regulation), (C) a manager certificate dated as of the Closing Date (signed by a manager and/or director, as
applicable, or authorized signatory) that the relevant Luxembourg Loan Party are not subject to nor, as applicable, do they meet or threaten to meet the criteria of bankruptcy (faillite), insolvency, voluntary or judicial liquidation
(liquidation volontaire ou judiciaire), composition with creditors (concordat préventif de faillite), controlled management (gestion contrôlée), reprieve from payment (sursis de paiement), general
settlement with creditors, reorganization or similar laws affecting the rights of creditors generally and no application has been made or is to be made by their respective managers or, as far as they are aware, by any other person for the
appointment of a commissaire, juge-commissaire, liquidateur, curateur or similar officer pursuant to any voluntary or judicial insolvency, winding-up, liquidation or similar
proceedings, and (D) a true and complete specimen of signatures for each of the manager and/or director, as applicable, or authorized signatories having executed for and on behalf of the relevant Luxembourg Loan Party respectively the Loan
Documents. 
 (c)    Know Your Customer. No later than three Business Days in advance of the Closing Date, the
Administrative Agent and each Lender shall have received all documentation and other information reasonably requested by it in writing at least 10 days in advance of the Closing Date, which documentation or other information is required by
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act. 

(d)    Tax Structure Memorandum; Funds Flow Statement. The Administrative Agent, the Lead Arrangers and the Lenders
shall have received a Tax Structure Memorandum and Funds Flow Statement, in each case, reasonably satisfactory thereto (it being acknowledged and agreed that the draft Tax Structure Memorandum dated as of April 24, 2015 is satisfactory to the
Administrative Agent and the Lead Arrangers) and, in the case of the Tax Structure Memorandum, capable of being relied upon by the Lenders and the Lead Arrangers (to the extent customary for providers of tax structure memoranda on European secured
loan financings) pursuant to customary reliance letters, and shall be satisfied, in their reasonable discretion. The Funds Flow Statement shall only be reasonably satisfactory to Jefferies Finance LLC as Lead Arranger and Lender as it relates to the
Initial U.S. Borrower Dollar Term Loans and the U.S. Revolving Credit Facility and not in respect of any of the other Facilities. 

(e)    Legal Opinions. The Administrative Agent shall have received, on behalf of itself and the Lenders on the
Closing Date, a customary written opinion of (i) Kirkland & Ellis LLP, special counsel for Parent, the Borrowers and each other Loan Party and (ii) local counsel as specified on Schedule 4.01(e), in each case (A) dated
the Closing Date, (B) addressed to the Administrative Agent, the Collateral Trustee and the Lenders and (C) in form and substance reasonably satisfactory to the Administrative Agent and covering such matters relating to the Loan Documents
as the Administrative Agent shall reasonably request; provided, that counsel to the Administrative Agent shall provide such opinions to the extent customary in any applicable jurisdiction to be mutually agreed. 

(f)    Fees. The Administrative Agent shall have received (i) all fees required to be paid by the Borrowers on
the Closing Date pursuant to the Fee Letter and (ii) all expenses for which invoices have been presented at least three Business Days prior to the Closing Date (including the reasonable fees and expenses of legal counsel), in each case on or
before the Closing Date, in each case which amounts may be offset against the proceeds of the Term Loans. 

(g)    Existing Indebtedness. The Administrative Agent shall have received (i) a customary payoff letter
evidencing that all Indebtedness and other obligations under and pursuant to the Existing Credit Agreement has been (or will on the Closing Date be) paid in full, and that all commitments, Liens, security interests and guarantees in connection
therewith will be terminated and released on the Closing Date, (ii) evidence indicating that the Existing Senior Secured Notes have been, or are being, refinanced in the manner described in the offering memorandum relating to the Senior Notes
(the “Offering Memorandum”) in accordance with the underlying indenture for the Existing Senior Secured Notes (to the extent cash in an amount sufficient to satisfy and discharge such Existing Senior Secured Notes has been deposited with
the trustee therefore in accordance with the terms of the 

  
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indenture with respect thereto), and (iii) evidence indicating that the Existing PIK Notes have been, or are being, refinanced in the manner described in the Offering Memorandum in
accordance with the underlying indenture for the Existing PIK Notes, within three business days of the Closing Date (to the extent cash in an amount sufficient to satisfy and discharge such Existing Senior Secured Notes has been deposited with the
trustee therefore in accordance with the terms of the indenture with respect thereto). On the Closing Date, after giving pro forma effect to the Transactions (including the repayment in full of the existing indebtedness of the Parent and its
Subsidiaries), Parent and its Subsidiaries shall have no material Indebtedness outstanding other than the Indebtedness hereunder and the Senior Notes. 

(h)    Solvency. The Administrative Agent shall have received (i) a solvency opinion from Duff &
Phelps, LLC in form and substance reasonably acceptable to the Administrative Agent and addressed to certain of the Loan Parties, capable of being relied upon by the Administrative Agent and, to the extent set forth therein, the Lenders; and
(iii) a solvency certificate dated as of the Closing Date in substantially the form of Exhibit H from a Financial Officer of the Parent certifying as to the matters set forth therein. 

(i)    Pledged Stock, Stock Powers. The Collateral Trustee (or its bailee) shall have received, if applicable, the
certificates representing the Capital Stock pledged pursuant to the Collateral Documents, together with an undated stock or similar power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and any
perfection formalities, notices and other documents which, in each case, are required to be delivered, performed or undertaken pursuant to the relevant Collateral Document on or prior to the Closing Date except as set forth on Schedule 6.15;
provided, that the share certificate(s) of Klöckner Pentaplast Schweiz AG shall have been received by the Collateral Trustee within the time frame set forth in the Swiss Collateral Documents. 

(j)    Filings Registrations and Recordings. Subject to the terms of each applicable Collateral Document and except
with respect to the actions set forth on Schedule 6.15, each document (including any UCC (or similar) financing statement) required by the Collateral Documents or under law or reasonably requested by the Administrative Agent or the Collateral
Trustee to be filed, registered or recorded in order to create in favor of the Collateral Trustee, for the benefit of itself and the other Secured Parties, a perfected Lien on the Collateral described therein, prior and superior in right to any
other Person (other than with respect to Permitted Liens), shall be in proper form for filing, registration or recordation. 

(k)    Guarantor Coverage Test Certificate. The Administrative Agent shall have received a certificate dated as of
the Closing Date from a Responsible Officer of the Borrower Representative, certifying compliance with Section 6.13. 

For purposes of determining whether the conditions specified in this Section 4.01 have been satisfied, by funding
its Loans hereunder (or in connection with any Assignment and Assumption), the Administrative Agent and each Lender that has executed this Agreement (or such Assignment and Assumption) shall be deemed to have consented to, approved or accepted, or
to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to the Administrative Agent or such Lender, as the case may be. To the extent requested by the Borrower
Representative and subject to the foregoing, each Lender authorizes (but does not require) the Administrative Agent to confirm compliance with the conditions precedent in this Section 4.01. The Administrative Agent shall
not be liable for any damages, costs or losses whatsoever as a result of giving any such confirmation. 

Section 4.02    Conditions to All Credit Extensions. The obligation of each Lender to honor any Request for
Credit Extension (including on the Closing Date, and other than a Committed Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurocurrency Rate Loans) is subject to satisfaction of the following conditions
precedent: 
 (a)    The representations and warranties of the Borrowers and each other Loan Party contained in
Article V or any other Loan Document shall be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality) on and as of the date of such Credit Extension, except
(i) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if any such representation or warranty is already
qualified by materiality) as of such earlier date and (ii) any reference to the Historical Financial Statements shall be deemed to refer to the most recent financial statements, if any, furnished pursuant to Section 6.01(c), prior to
such proposed Credit Extension. 

  
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 (b)    No Default or Event of Default shall exist, or would result from such
proposed Credit Extension or from the application of the proceeds therefrom. 
 (c)    The Administrative Agent and, if
applicable, the applicable L/C Issuer, shall have received a Request for Credit Extension in accordance with the requirements hereof. 

Each Request for a Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type or a
continuation of Eurocurrency Rate Loans) submitted by the Borrowers shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied (unless waived in accordance
with Section 10.02) on and as of the date of the applicable Credit Extension. 
 ARTICLE V. 

Representations and Warranties 

Each of the Parent Companies, the Borrowers and the other Loan Parties represents and warrants to the Administrative Agent and the Lenders (in
the case of representations and warranties on the Closing Date, after giving effect to the Transaction) that: 

Section 5.01    Organization; Powers. Each of the Loan Parties and each of its Subsidiaries (a) is duly
organized, validly existing and in good standing (to the extent such concept exists in the relevant jurisdiction) under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to own its property and assets
and to carry on its business as now conducted and (c) is qualified to do business in, and is in good standing (to the extent such concept exists in the relevant jurisdiction) in, every jurisdiction where its ownership, lease or operation of
properties or conduct of its business requires such qualification; except, in each case referred to in this Section 5.01 (other than clauses (a) and (b) with respect to each Parent Company and each
Borrower) where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

Section 5.02    Authorization; Enforceability. The execution, delivery and performance of each of the Loan
Documents are within each applicable Loan Party’s corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational action of such Loan Party. Each Loan Document to which any Loan Party is
a party has been duly executed and delivered by such Loan Party and is a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting
creditors’ rights generally and to general principles of equity and principles of good faith and fair dealing. 

Section 5.03    Governmental Approvals; No Conflicts. The execution and delivery of the Loan Documents by each
Loan Party party thereto and the performance by such Loan Party thereof (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, provided that, in the future, the
registration of any Loan Documents with the Administration de l’enregistrement et des Domaines may be requested in case of legal proceedings before a Luxembourg courts or when such Loan Document has to be produced before an official Luxembourg
authority and except (i) such as have been obtained or made and are in full force and effect, (ii) for filings necessary to perfect Liens created pursuant to the Loan Documents and (iii) such consents, approvals, registrations,
filings, or other actions the failure to obtain or make which could not be reasonably expected to have a Material Adverse Effect, (b) will not violate any (i) of such Loan Party’s Organizational Documents or (ii) any Requirements
of Law applicable to such Loan Party which, in the case of this clause (b)(ii), could reasonably be expected to have a Material Adverse Effect and (c) will not violate or result in a default under any Contractual Obligation of any of the
Loan Parties which in the case of this clause (c) could reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 5.04    Financial Condition; No Material Adverse Effect.

 (a)    The Borrower Representative has heretofore furnished to the Administrative Agent the consolidated balance sheet
of the Parent and related consolidated statements of operations and cash flows and stockholders’ equity as of and for the Fiscal Years ended 2012, 2013 and 2014 and the Fiscal Quarter ended December 31, 2014 (collectively, the
“Historical Financial Statements”). Such financial statements present fairly, in all material respects, the consolidated financial position and results of operations and cash flows of the Parent as of such dates and for such periods
in accordance with IFRS. 
 (b)    Since September 30, 2014, no Material Adverse Effect has occurred. 

Section 5.05    Properties. 

(a)    The Borrowers and each of their Subsidiaries has good and valid fee simple title (or similar concept under any
applicable jurisdiction) to or rights to purchase, or valid leasehold interests in, or other limited property interests in, all its Real Estate Assets and has good title to its personal property and assets, in each case, except (i) for defects
in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes or (ii) where the failure to have such title or rights would not
reasonably be expected to have a Material Adverse Effect. All such properties and assets are free and clear of Liens, other than Permitted Liens. 

(b)    Each of the Borrowers and each of their Subsidiaries has valid title to or a valid license or right to use all
patents, trademarks, service marks, trade names, copyrights, proprietary know how and data and other rights in works of authorship (including all copyrights embodied in software) and all other similar intellectual property rights (the foregoing,
collectively, “IP Rights”) needed to conduct the businesses of the Borrowers and their Subsidiaries as presently conducted without, to the knowledge of the Borrower Representative, any infringement or misappropriation of the IP
Rights of third parties, except where such failure to own or license or have rights to use would not, or where such infringement or misappropriation would not, have, individually or in the aggregate, a Material Adverse Effect. 

Section 5.06    Litigation and Environmental Matters. 

(a)    There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or,
to the knowledge of any Parent Company or any Borrower, threatened in writing against or affecting the Loan Parties or any of their Subsidiaries which would reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect. 
 (b)    Except for any matters that, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect, (i) no Loan Party nor any of its Subsidiaries has received notice of any claim with respect to any Environmental Liability or knows of any basis for any Environmental Liability and (ii) no Loan Party
nor any of its Subsidiaries (A) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law or (B) has become subject to any Environmental
Liability. 
 (c)    Neither any Borrower nor any of its Subsidiaries has treated, stored, transported or disposed of
Hazardous Materials at or from any currently or formerly operated real estate or facility relating to its business in a manner that would reasonably be expected to have a Material Adverse Effect. 

Section 5.07    Compliance with Laws. Each Loan Party and its Subsidiaries is in compliance with all
Requirements of Law applicable to it or its property, except, in each case, where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

Section 5.08    Investment Company Status. No Loan Party is an “investment company” required to be
registered under the Investment Company Act of 1940. 
 Section 5.09    Taxes. Each Loan Party and its
Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to 

  
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have been paid by it that are due and payable, except (a) Taxes (or any requirement to file Tax returns with respect thereto) that are being contested in good faith by appropriate
proceedings and for which such Loan Party or such Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with IFRS or GAAP, as applicable, or (b) to the extent that the failure to do so, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

Section 5.10    ERISA. 

(a)    No ERISA Event has occurred in the five-year period prior to the date on which this representation is made or deemed
made and is continuing that, when taken together with all other such ERISA Events, would reasonably be expected to result in a Lien on the assets of a Loan Party or otherwise have a Material Adverse Effect. 

(b)    With respect to each Foreign Plan, (i) all of the terms and conditions of such Foreign Plan and all statutory
requirements in relation to such Foreign Plan have been complied with, (ii) to the extent applicable, reserves have been established in the financial statements furnished to Lenders in respect of any unfunded liabilities in accordance with
applicable Law and prudent business practice or, where required, in accordance with ordinary accounting practices in the jurisdiction in which such Foreign Plan is maintained, (iii) except as disclosed or reflected in such financial statements,
there are no aggregate unfunded liabilities with respect to such Foreign Plan and the present value of the aggregate accumulated benefit liabilities of all Foreign Plans did not, as of the last annual valuation date applicable thereto, exceed the
assets of all such Foreign Plans, except with respect to each of the foregoing clauses (i), (ii) and (iii) of this Section 5.10(b), as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect. 
 (c)    As of the Closing Date, except as individually or in the aggregate would not reasonably be expected to
have a Material Adverse Effect: (a) there are no strikes, lockouts or slowdowns against the Borrower Representative pending or, to the knowledge of Borrower Representative, threatened in writing and (b) the hours worked by and payments
made to employees of the German Borrowers and the Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law or applicable collective bargaining agreement dealing with such
matters. 
 Section 5.11    Disclosure. 

(a)    As of the Closing Date, all written information (other than the Projections, other forward-looking information and
information of a general economic or industry-specific nature) that has been made available by the Loan Parties concerning the Parent Companies, the Borrowers and their Subsidiaries, the Transactions and included in the Information Memorandum or
otherwise prepared by, or on behalf of, the foregoing by any of their respective representatives, and made available to any Lender or the Administrative Agent in connection with the Transactions on or before the Closing Date (the
“Information”), when taken as a whole, did not, when furnished, contain any untrue statements 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 (after giving effect to all supplements and updates thereto from time to time). 

(b)    The Projections have been prepared in good faith based upon assumptions believed by Parent to be reasonable at the
time furnished (it being recognized that such Projections are not to be viewed as facts and are subject to significant uncertainties and contingencies many of which are beyond Parent’s control, that no assurance can be given that any particular
financial projections will be realized, that actual results may differ from projected results and that such differences may be material). 

Section 5.12    Solvency. 

(a)    As of the Closing Date, to the best of management’s knowledge (without having led a recent sale process and
after giving effect to recent market and currency fluctuations) immediately after the consummation of the Transactions to occur on the Closing Date and the incurrence of indebtedness and obligations being incurred in connection with this Agreement
and the Senior Notes Indenture on the Closing Date, (i) the sum of 

  
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the debt (excluding contingent liabilities for which no accrual has been made in the accounts) of the Parent and its Subsidiaries, taken as a whole, does not exceed the fair value of the assets
of the Parent and its Subsidiaries, taken as a whole, (ii) the present fair saleable value of the assets of the Parent and its Subsidiaries, taken as a whole, is not less than the amount that will be required to pay the probable liabilities
(excluding contingent liabilities) of the Parent and its Subsidiaries, taken as a whole, on their debts as they become absolute and matured, (iii) the cash flows of the Parent and its Subsidiaries, taken as a whole, are not unreasonably small
in relation to the business of the Parent and its Subsidiaries, taken as a whole, contemplated as of the Closing Date, (iv) the Parent and its Subsidiaries, taken as a whole, do not intend to incur, or believe that they will incur, debts
(including current obligations and contingent liabilities) beyond their ability to pay such debt as they mature in the ordinary course of business, and (v) no German Obligor is unable to pay its debts as they fall due
(zahlungsunfähig) within the meaning of section 17 of the German Insolvency Code, or is overindebted (überschuldet) within the meaning of section 19 of the German Insolvency Code. 

Section 5.13    Capitalization and Subsidiaries. Schedule 5.13 sets forth, in each case as of the Closing
Date, (a) a correct and complete list of the name of each Subsidiary of Parent and the ownership interest therein held by Parent or its applicable Subsidiary, and (b) the type of entity of Parent and each of its Subsidiaries. 

Section 5.14    Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents
create legal, valid and enforceable Liens on all of the Collateral in favor of the Collateral Trustee (or the Secured Parties as required by applicable law or any designee or trustee on its behalf), for the benefit of itself and the other Secured
Parties, subject, as to enforceability, to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith and fair dealing, and upon the making of such
filings and taking of such other actions required to be taken hereby or by the applicable Loan Documents (including the filing of appropriate financing statements with the office of the Secretary of State of the state of organization of each Loan
Party, in each case in favor of the Collateral Trustee (or the Secured Parties as required by applicable law or any designee or trustee on its behalf) for the benefit of itself and the other Secured Parties and the delivery to the Collateral Trustee
of any stock certificates or promissory notes required to be delivered pursuant to the applicable Loan Documents), such Liens constitute perfected Liens (with the priority such Liens are expressed to have within the relevant Collateral Document) on
the Collateral (to the extent such Liens are required to be perfected under the terms of the Loan Documents), once the relevant perfection steps have been taken, securing the Secured Obligations, in each case as and to the extent set forth therein.

 Section 5.15    Federal Reserve Regulations. 

(a)    On the Closing Date, not more than 25.0% of the value of the assets of the Parent and its Subsidiaries, taken as a
whole, is represented by margin stock (within the meaning of Regulation U issued by the FRB). 
 (b)    None of the
Parent Companies, the Borrowers nor any of their respective Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying, margin stock (within the meaning of
Regulation U issued by the FRB). 
 (c)    No part of the proceeds of any Loan will be used, whether directly or
indirectly, and whether immediately, incidentally or ultimately, for any purpose that entails a violation of the provisions of Regulation T, U or X of the FRB. 

Section 5.16    Sanctions Laws and Anti-Corruption Laws. 

(a)    (i) None of Parent, the Borrowers or any of their respective Subsidiaries nor, to the knowledge of any Borrower, any
director, officer, agent or employee or Affiliate of any of the foregoing is (A) a Person who is the subject or target of any sanctions administered or enforced by the U.S. Government (including, without limitation, the United States Treasury
Department’s Office of Foreign Assets Control or the United States Department of State and including, without limitation, the designation as a “Specially Designated National,” “Blocked Person,” or a “Foreign Sanctions
Evaders,)” or the United Nations Security Council, or (B) the subject or target of any similar sanctions under EU Sanctions Laws and Regulations, or (C) otherwise the subject or target of any Sanctions Laws and Regulations or EU
Sanctions Laws and Regulations (this clause (i), a “Sanctioned Person”); 

  
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and (ii) no Borrower will directly or, to the knowledge of any Borrower, indirectly use the proceeds of the Loans or otherwise make available such proceeds to any Person for the purpose of
financing the activities of any Person (A) in any manner that will result in a violation by any Person (including any Person participating in the transaction, whether as underwriter, initial purchaser, advisor, investor or otherwise) of
Sanctions Laws and Regulations or EU Sanctions Laws and Regulations, or (B) who at such time is the subject or target of any Sanctions Laws and Regulations or EU Sanctions Laws and Regulations. 

(b)    Each Loan Party is in compliance, in all material respects, with Sanctions Laws and Regulations and EU Sanctions
Laws and Regulations. 
 (c)    No part of the proceeds of any Loan will be used, directly or, to the knowledge of any
Borrower, indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity or any other Person, if applicable, in
order to obtain, retain or direct business or obtain any improper advantage, in violation of the U.S. Foreign Corrupt Practices Act of 1977, the United Kingdom Bribery Act of 2010, as amended and any similar laws, rules or regulations issued,
administered or enforced by any Governmental Authority having jurisdiction over any of the Borrowers. 
 (d)    The
representations and warranties contained in this Section 5.16 made by any Company incorporated or organized under the laws of the Federal Republic of Germany or any other member state of the European Union, solely with respect to itself, are
subject to any Legal Requirements applicable to such Company. In particular, no representations and warranties under this Section 5.16 shall be made by any Loan Party to the extent it would violate or expose such entity or any director, officer
or employee thereof to any liability under any anti-boycott law, regulation or statute that is in force from time to time in the European Union (and/or any of its member states) that are applicable to such entity (including without limitation, EU
Regulation (EC) 2271/96 and Section 7 of the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung - AWV)). The representations given by any Loan Party to
any Finance Party resident in Germany (gebietsansässig) are made only to the extent that any Finance Party resident in Germany (gebietsansässig) would be permitted to receive such representations pursuant to Section 7 of
the AWV or any other law applicable to such Finance Party resident in Germany. 
 Section 5.17    Central
Administration; COMI. Each German Borrower has, for the purposes of the European Insolvency Regulation, the center of its main interests at the place of its registered office in Germany and, as of the Closing Date, has no establishment (as
defined in the European Insolvency Regulation) outside Germany. Each Loan Party formed in the European Union has its central administration and, for purposes of the European Insolvency Regulation, the center of its main interests at the place of its
registered office in the European Union and, as of the Closing Date, has no establishment (as defined in the European Insolvency Regulation) outside the European Union. 

Section 5.18    Senior Debt. The Obligations constitute “Senior Indebtedness” (or any comparable
term) under, and as defined in, the documentation governing any Junior Indebtedness. 

Section 5.19    Luxembourg Specific Representations. (i) Each Luxembourg Loan Party is in compliance with
the Luxembourg Act dated May 31, 1999 on the domiciliation of companies, as amended from time to time and all related regulations; (ii) the central administration (administration centrale), the place of effective management
(siège de direction effective) and (for the purposes of the European Insolvency Regulation) the center of main interests (centre des intérêts principaux) of each Luxembourg
Loan Party is located at the place of its registered office (siège statutaire) in Luxembourg; (iii) no Luxembourg Loan Party has filed and, to the best of its knowledge, no Person has filed a request with any
competent court seeking that any Luxembourg Loan Party, be declared subject to bankruptcy (faillite), general settlement or composition with creditors (concordat préventif de faillite) controlled management
(gestion contrôlée), reprieve from payment (sursis de paiement), judicial or voluntary liquidation (liquidation judiciaire ou volontaire), such other proceedings listed at Article 13, items 2 to
11, 13 and Article 14 of the Luxembourg Act dated December 19, 2002 on the Register of Commerce and Companies, on Accounting and on Annual Accounts of the Companies (as amended from time to time), (and which include foreign court decision as to
faillite, concordat or analogous procedures according to the European Insolvency Regulation); and (iv) each Luxembourg Loan Party is not, and will not, as a result only of its entry into the Loan

  
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Documents or the performance of its obligations thereunder, be in a state of cessation of payments (cessation des paiements), or be deemed to in a such state, and has not, and will not, as
a result of its entry into the Loan Documents or the performance of its obligations thereunder, lose its creditworthiness (ébranlement de crédit), or be deemed to have lost such creditworthiness and is not aware, or may not
reasonably be aware of such circumstances. 
 ARTICLE VI. 

Affirmative Covenants 
 So
long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations as to which no claim has been asserted and obligations and liabilities under Secured Cash Management Agreements
and Secured Hedge Agreements) hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (other than Letters of Credit which have been Cash Collateralized), each of the Parent (solely to the extent applicable to
it), each Borrower and each other Loan Party covenants and agrees with the Administrative Agent and the Lenders that: 

Section 6.01    Financial Statements and Other Reports. The Borrower Representative will deliver to the
Administrative Agent for delivery to each Lender: 
 (a)    [Reserved]; 

(b)    Quarterly Financial Statements. As soon as available, and in any event within 45 days following the end of each of
the first three Fiscal Quarters of each Fiscal Year (or, if applicable, any later date by which the Parent (or any other Parent Company) is required to file its annual report under applicable public reporting requirements), the consolidated balance
sheet of the Parent as at the end of such Fiscal Quarter and the related consolidated statements of operations and cash flows of the Parent for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of
such Fiscal Quarter and the corresponding figures from the Budget for the current Fiscal Year setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable
detail, together with a Financial Officer Certification and a Narrative Report with respect thereto, subject to the absence of footnotes and normal year-end adjustments; 

(c)    Annual Financial Statements. As soon as available, and, in any event within 120 days after the end of each Fiscal
Year (or, if applicable, any later date by which the Parent (or any other Parent Company) is required to file its annual report under applicable public reporting requirements), (i) the consolidated balance sheet of the Parent as at the end of such
Fiscal Year and the related consolidated statements of operations and cash flows of the Parent for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year, in reasonable detail,
together with a Narrative Report with respect thereto; and (ii) with respect to such consolidated financial statements, a report thereon of independent certified public accountants of recognized international standing (which report shall be
unqualified as to “going concern” and scope of audit (except for a “going concern” statement pertaining to impending debt maturities occurring within 12 months of such audit or a breach or anticipated breach of financial
covenants)), and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of the Parent as at the dates indicated and the results of its consolidated operations and cash
flows for the periods indicated in conformity with IFRS; 
 (d)    Compliance Certificate. Together with each delivery
of consolidated financial statements of the Parent pursuant to Sections 6.01(b) and 6.01(c), (i) a duly executed and completed Compliance Certificate (A) certifying that no Default or Event of Default has occurred and is continuing (or if a
Default or Event of Default has occurred and is continuing, describing in reasonable detail such Default or Event of Default and the steps being taken to cure, remedy or waive the same), (B) in the case of financial statements delivered pursuant to
Section 6.01(c), setting forth reasonably detailed calculations of Excess Cash Flow for each Fiscal Year beginning with the financial statements for the Fiscal Year ended September 30, 2015, (C) in the case of financial statements delivered
pursuant to Sections 6.01(b) and 6.01(c), setting forth reasonably detailed calculations of the Total Net Leverage Ratio and Consolidated Total Assets and, to the extent utilized in any particular quarter (but in no event no less frequent than once
per year), the Available Amount as of the last day of the Fiscal Quarter or Fiscal Year, as the case may be, covered by such financial statements or stating that there has been no change to such amounts since the date of delivery of the last
Compliance Certificate, (D) in the case of financial statements delivered pursuant to 

  
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Sections 6.01(b) and 6.01(c), setting forth reasonably detailed calculations as to Material Subsidiaries and certifying the calculation of the Guarantor Coverage Test and (E) to the extent
such financial covenant is then in effect with respect to such Test Period, certifying compliance with Section 7.16 and setting forth reasonably detailed calculations of the First Lien Net Leverage Ratio as of the last day of such Test Period,
(ii) a summary of the pro forma adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from the consolidated statement of operations and the consolidated balance sheet and (iii) a list identifying each
subsidiary of each Borrower as a Subsidiary or an Unrestricted Subsidiary as of the date of delivery of such Compliance Certificate or confirming that there is no change in such information since the later of the Closing Date and the date of the
last such list; 
 (e)    [Reserved]; 

(f)    Notice of Default. Promptly upon any Responsible Officer of any Parent Company or any Borrower obtaining knowledge
(i) of any Default or Event of Default or (ii) of the occurrence of any event or change that has caused or evidences either in any case or in the aggregate, a Material Adverse Effect, a reasonably-detailed notice specifying the nature and
period of existence of such condition, event or change and what action the Parent or such Borrower has taken, is taking and proposes to take with respect thereto; 

(g)    Notice of Litigation. Promptly upon any Responsible Officer of any Parent Company or any Borrower obtaining
knowledge of (i) the institution of, or threat in writing of, any Adverse Proceeding not previously disclosed in writing by the Loan Parties to the Administrative Agent or (ii) any material development in any Adverse Proceeding that, in
the case of either clauses (i) or (ii), could reasonably be expected to have a Material Adverse Effect, written notice thereof together with such other non-privileged information as may be reasonably
available to the Loan Parties to enable the Lenders to evaluate such matters; 
 (h)    ERISA. Promptly upon any
Responsible Officer of any Parent Company or any Borrower becoming aware of the occurrence of any ERISA Event that could reasonably be expected to have a Material Adverse Effect, a written notice specifying the nature thereof; 

(i)    Budget. As soon as available, and in any event within 120 days after the commencement of each Fiscal Year (or, if
applicable, any later date by which the Parent (or any other Parent Company) is required to file its annual report under applicable public reporting requirements), commencing with the Fiscal Year ended September 30, 2016, a budget for each
Fiscal Quarter of such Fiscal Year (a “Budget”), including a forecasted consolidated balance sheet and forecasted consolidated statements of operations and cash flows of the Parent for such Fiscal Year, prepared in reasonable detail
setting forth, with appropriate discussion, the principal assumptions on which such Budget is based; 

(j)    Information Regarding Collateral. The Borrower Representative will furnish to the Administrative Agent and the
Collateral Trustee prompt written notice of any change (i) in any Loan Party’s legal name, (ii) in any Loan Party’s type of organization, (iii) in any Loan Party’s jurisdiction of organization or (iv) in any Loan
Party’s organizational identification number (to the extent necessary to perfect or maintain the perfection and priority of the Collateral Trustee’s security interest in the applicable Collateral); 

(k)    [Reserved]; 

(l)    Other Information. Promptly upon their becoming available and without duplication of any obligations with respect
to any such information that is otherwise required to be delivered under the provisions of any Loan Document, copies of (i) all financial statements, reports, notices and proxy statements sent or made available generally by each Borrower to its
public security holders acting in such capacity or by any Subsidiary of each Borrower to its public security holders other than the Borrowers or another Subsidiary of the Borrowers and (ii) all regular and periodic reports and all registration
statements (other than on Form S-8 or similar form) and prospectuses, if any, furnished or filed by any Borrower or any of its Subsidiaries with any securities exchange or with the SEC or any governmental or
private regulatory authority with jurisdiction over matters relating to securities. Each Borrower hereby acknowledges that (A) the Administrative Agent and/or the Arrangers will make available to the Lenders materials and/or information
provided by or on behalf of each Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic 

  
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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 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,” each Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers and the
Lenders to treat such Borrower Materials as not containing any Material Non-Public Information (although it may be sensitive and proprietary) (provided, however, that to the extent such Borrower Materials
constitute Confidential Information, they shall be treated as set forth in Section 10.13); (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 treat any Borrower Materials that are not marked “PUBLIC” as being suitable for posting on a portion of the Platform designated “Public Side
Information”; and 
 (m)    Such other certificates, reports and information (financial or otherwise) as the
Administrative Agent may reasonably request from time to time in connection with the Parent’s, the Borrowers’ or their Subsidiaries’ financial condition or business. 

Documents required to be delivered pursuant to this Section 6.01 may be delivered electronically and if so
delivered, shall be deemed to have been delivered on the date (i) on which the Borrower Representative (x) posts such documents or (y) provides a link thereto on the Borrower Representative’s website on the Internet at the
website address listed on Schedule 9.01 (which such Schedule may be updated from time to time); (ii) on which such documents are delivered by the Borrower Representative to the Administrative Agent for posting on the Borrower
Representative’s behalf on IntraLinks/SyndTrak or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent);
(iii) on which executed certificates or other documents are faxed to the Administrative Agent (or electronically mailed to an address provided by the Administrative Agent); provided that, other than with respect to items required to be
delivered pursuant to Section 6.01(l) above, the Borrower Representative shall promptly notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents on the Borrowers’ website and
provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents; or (iv) in respect of the items required to be delivered pursuant to Section 5.01(l) above in respect of
information furnished or filed by the Borrowers or any of their respective Subsidiaries with any securities exchange or with the SEC or any governmental or private regulatory authority (other than Form 10-Q
Reports and Form 10-K Reports described in Section 6.01(b) and (c), respectively), such items have been made available on the SEC website or the website of the relevant analogous governmental or
private regulatory authority or securities exchange. 
 Notwithstanding the foregoing, the obligations in Section 6.01(b) and
(c) may be satisfied by furnishing (A) the applicable financial statements and Narrative Reports of Parent (or any other Parent Company) or (B) any Borrower’s or Parent’s (or any other Parent Company thereof), as
applicable, Form 10-K or 10-Q, as applicable, filed with the SEC, in each case, within the time periods specified in such paragraphs; provided that, with respect
to each of clauses (A) and (B), (i) to the extent such financial statements relate to any Parent Company, such financial statements shall be accompanied by consolidating information that explains in reasonable detail the
differences between the information relating to such Parent Company, on the one hand, and the information relating to the Borrowers on a standalone basis, on the other hand, which consolidating information shall be certified by a Responsible Officer
of the Borrower Representative as having been fairly presented and (ii) to the extent such statements are in lieu of statements required to be provided under Section 6.01(c), such statements shall be accompanied by a report and opinion
of an independent certified public accounting firm of internationally recognized standing, which report and opinion shall satisfy the applicable requirements set forth in Section 6.01(c); provided, further, that notwithstanding
anything to the contrary herein, neither the Borrowers nor any Subsidiaries shall be required to deliver, disclose, permit the inspection, examination or making of copies of or excerpts from, or any discussion of, any document, information, or other
matter (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative
Agent (or any Lender (or their respective representatives or contractors)) is prohibited by applicable law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product or (iv) with respect to which
any Loan Party owes confidentiality obligations (to the extent not created in contemplation of such Loan Party’s Obligations under this Section 6.01) to any third party. 

  
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 Section 6.02    Existence. Except as otherwise permitted under
Section 6.07, each Borrower will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect its existence and all rights and franchises, licenses and permits necessary in the normal conduct of its
business except to the extent (other than with respect to the preservation of existence of each Borrower) failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided that neither any Borrower nor any of
its Subsidiaries shall be required to preserve any such existence, right or franchise, licenses and permits if such Person or such Person’s board of directors (or similar governing body) shall determine that the preservation thereof is no
longer desirable in the conduct of the business of such Person, and that the loss thereof is not disadvantageous in any material respect to such Person or to the Lenders. 

Section 6.03    Payment of Taxes. Each Loan Party will, and will cause each of its Subsidiaries to, pay all
Taxes imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty or fine accrues thereon; provided that no such Tax need be paid if (a) it is being contested in good
faith by appropriate proceedings and adequate reserves or other appropriate provisions, as shall be required in conformity with IFRS or GAAP, as applicable, shall have been made therefor and, in the case of a Tax which has or may become a Lien
against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax or (b) failure to pay or discharge the same could not reasonably be expected to result in a
Material Adverse Effect. 
 Section 6.04    Maintenance of Properties. Each Borrower will, and will cause
each of its Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear and casualty and condemnation excepted, all property reasonably necessary to the normal conduct of business of each
Borrower and its Subsidiaries and from time to time will make or cause to be made all needed and appropriate repairs, renewals and replacements thereof except as expressly permitted by this Agreement or where the failure to maintain such properties
or make such repairs, renewals or replacements could not reasonably be expected to have a Material Adverse Effect. 

Section 6.05    Insurance. Except where the failure to do so would not reasonably be expected to have a
Material Adverse Effect, each Borrower will maintain or cause to be maintained, with financially sound and reputable insurers, such insurance coverage with respect to liabilities, losses or damage in respect of the assets, properties and businesses
of such Borrower and its Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with
such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons. Each such policy of insurance shall (i) to the extent applicable, name the Collateral Trustee, on behalf of the Secured
Parties, as an additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy with respect to the Collateral (excluding any business interruption insurance policy), contain a loss payable clause
or endorsement to the extent available from such insurance carrier that names the Collateral Trustee, on behalf of the Secured Parties, as the loss payee thereunder and, to the extent available, provides for at least 30 days’ prior written
notice to the Administrative Agent of any modification or cancellation of such policy (or 10 days’ prior written notice for any cancellation due to non-payment of premiums); provided that with
respect to clause (ii), the Loan Parties shall only have to use commercially reasonably efforts with respect to non-U.S. insurance policies. 

Section 6.06    Inspections. Each Borrower will, and will cause each of its Subsidiaries to, permit any
authorized representatives designated by the Administrative Agent to visit and inspect any of the properties of any Borrower or any of its Subsidiaries at which the principal financial records and executive officers of the applicable Person are
located, to inspect, copy and take extracts from its financial and accounting records, and to discuss its affairs, finances and accounts with its officers and independent public accountants (provided that any Borrower may, if it so chooses,
be present at or participate in any such discussion), all upon reasonable notice, reasonable coordination in and at such reasonable times during normal business hours and as often as may reasonably be requested; provided that (x) only
the Administrative Agent on behalf of the Lenders may exercise the rights of the Administrative Agent and the Lenders under this Section 6.06, and (y) except as provided in the proviso below in connection with the
occurrence and continuance of an Event of Default, (i) the Administrative Agent shall 

  
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not exercise such rights more often than one time during any calendar year and (ii) only one such time per calendar year shall be at the expense of each Borrower; provided,
further, that when an Event of Default has occurred and is continuing, the Administrative Agent (or any of its representatives or independent contractors) may do any of the foregoing at the expense of the Borrowers in accordance with
Section 10.03(a) at any time during normal business hours and upon reasonable advance notice; provided that notwithstanding anything to the contrary herein, neither any Borrower nor any Subsidiary shall be required to disclose, permit
the inspection, examination or making of copies of or excerpts from, or any discussion of, any document, information, or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent (or any Lender (or their respective representatives or contractors)) is prohibited by applicable law,
(iii) that is subject to attorney-client or similar privilege or constitutes attorney work product or (iv) with respect to which any Loan Party owes confidentiality obligations (to the extent not created in contemplation of such Loan
Party’s Obligations under this Section 6.06) to any third party. 

Section 6.07    Maintenance of Book and Records. Each Borrower will, and will cause its Subsidiaries to,
maintain proper books of record and account, in which entries that are full, true and correct in all material respects shall be made of all material financial transactions and matters involving the assets and business of such Borrower and its
Subsidiaries, as the case may be, and permit the preparation of consolidated financial statements in accordance with IFRS to be derived therefrom. 

Section 6.08    Compliance with Laws. 

(a)    Each Borrower will comply, and shall cause each of its Subsidiaries to comply, with the requirements of all
applicable Laws (including all Environmental Laws, ERISA, OFAC, USA PATRIOT Act, United States Foreign Corrupt Practices Act of 1977, EU Sanctions Laws and Regulations, the United Kingdom Bribery Act of 2010 and the Sanctions Laws and Regulations)
and orders, writs, injunctions and decrees of any Governmental Authority applicable to it or to its business or property, except, other than with respect to OFAC and the USA PATRIOT Act, to the extent the failure of such Borrower or such Subsidiary
to comply could not reasonably be expected to have a Material Adverse Effect. 
 (b)    The German Borrower shall
ensure, and shall cause each of its German Subsidiaries to ensure, that all pension schemes operated by or maintained for the benefit of members of the Group incorporated in Germany and/or any of their directors and employees and former directors
and employees are (to the extent legally required) fully funded, or if applicable that sufficient reserves have been made, based on the statutory funding objective under all Laws and regulations applicable to each member of the Group incorporated in
Germany and that no action or omission is taken by any member of the Group incorporated in Germany in relation to such pension scheme which has or is reasonably likely to have a Material Adverse Effect (including without limitation, the termination
or commencement of winding-up proceedings of any such pension scheme or any member of the Group incorporated in Germany ceasing to employ any member of such pension scheme) and shall ensure that, to the extent
applicable, all mandatory contributions to the statutory pension insolvency insurance, the contribution to any funding vehicle and the payments of the pensions of pensioners as required by any such pension scheme and by statute are paid in full when
due. 
 (c)    The Parent Companies and the Borrowers shall not, and the Parent Companies and the Borrowers shall ensure
that no Subsidiary shall, use any part of the proceeds of any Loan, directly or, to the knowledge of any Borrower, indirectly, for any payments to any governmental official or employee, political party, candidate for political office, or anyone else
acting in an official capacity or any other person, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the U.S. Foreign Corrupt Practices Act of 1977, the United Kingdom Bribery Act of 2010, as amended
and any similar laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over any of the Borrowers or to fund activities of a Sanctioned Person or in a Sanctioned Country or otherwise in violation
of Sanctions Laws and Regulations or EU Sanctions Laws and Regulations. 
 (d)    Each Parent Company and each Borrower
will maintain in effect and enforce policies and procedures designed to ensure compliance by each Parent Company, each Borrower and their respective Subsidiaries and their respective directors, officers, employees and agents with Sanctions Laws and
Regulations or EU Sanctions Laws and Regulations. 

  
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 (e)    Nothing in this Agreement shall create or establish an obligation or
right for any Loan Party to the extent it would violate or expose such entity or any director, officer or employee thereof to any liability under any anti-boycott law, regulation or statute that is in force from time to time in the European Union
(and/or any of its member states) that are applicable to such entity (including without limitation, EU Regulation (EC) 2271/96 and Section 7 of the German Foreign Trade Ordinance (Verordnung zur Durchführung des
Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung AWV)). 

Section 6.09    Environmental. 

(a)    Environmental Disclosure. The Borrower Representative will deliver to the Administrative Agent: 

(i)    as soon as practicable following receipt thereof, copies of all environmental audits, investigations, analyses and
reports of any kind or character, whether prepared by personnel of any Borrower or its Subsidiaries or by independent consultants, Governmental Authorities or any other Persons, with respect to significant environmental matters at any
Borrower’s or any Loan Party’s real property or facility or with respect to any Environmental Claims, in each case, that might reasonably be expected to have a Material Adverse Effect; 

(ii)    promptly upon the occurrence thereof, written notice describing in reasonable detail (A) any Release
required to be reported by any Borrower or any of its Subsidiaries to any Governmental Authority under any applicable Environmental Laws that could reasonably be expected to have a Material Adverse Effect, (B) any remedial action taken by any
Borrower or any of its Subsidiaries or any other Persons of which any Borrower or any of a Borrower’s Subsidiaries has knowledge in response to (1) any Hazardous Materials Activities, the existence of which has a reasonable possibility of
resulting in one or more Environmental Claims having, individually or in the aggregate, a Material Adverse Effect or (2) any Environmental Claims that, individually or in the aggregate, have a reasonable possibility of resulting in a Material
Adverse Effect and (C) any Borrower’s discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that reasonably could be expected to have a Material Adverse Effect; 

(iii)    as soon as practicable following the sending or receipt thereof by any Borrower or any of its Subsidiaries, a
copy of any and all non-privileged written communications with respect to (A) any Environmental Claims that, individually or in the aggregate, have a reasonable possibility of giving rise to a Material
Adverse Effect, (B) any Release required to be reported by any Borrower or any of its Subsidiaries to any Governmental Authority that reasonably could be expected to have a Material Adverse Effect, and (C) any request made to any Borrower
or any of its Subsidiaries for information from any Governmental Authority that suggests such authority is investigating whether any Borrower or any of its Subsidiaries may be potentially responsible for any Hazardous Materials Activity which is
reasonably expected to have a Material Adverse Effect; 
 (iv)    prompt written notice describing in reasonable detail
(A) any proposed acquisition of stock, assets, or property by any Borrower or any of its Subsidiaries that could reasonably be expected to expose any Borrower or any of its Subsidiaries to, or result in, Environmental Claims that could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (B) any proposed action to be taken by any Borrower or any of its Subsidiaries to modify current operations in a manner that could subject any
Borrower or any of its Subsidiaries to any additional obligations or requirements under any Environmental Law that are reasonably likely to have a Material Adverse Effect; and 

(v)    with reasonable promptness, such other documents and information as from time to time may be reasonably requested
by the Administrative Agent in relation to any matters disclosed pursuant to this Section 5.09(a). 

(b)    Hazardous Materials Activities, Etc. Each Loan Party shall promptly take, and shall cause each of its
Subsidiaries promptly to take, any and all actions necessary to (i) cure any violation of applicable Environmental Laws by such Loan Party or its Subsidiaries that could reasonably be expected to have a Material Adverse Effect and
(ii) make an appropriate response to any Environmental Claim against such Loan Party or any of its Subsidiaries and discharge any obligations it may have to any Person thereunder, in each case, where failure to do so could reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 Section 6.10    Designation of Subsidiaries. The board of
directors (or equivalent governing body or any committee thereof) of the Borrower Representative may at any time designate (or redesignate) any subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Subsidiary; provided
that (i) immediately before and after such designation, no Default or Event of Default shall have occurred and be continuing, (ii) after giving effect to such designation, the Total Net Leverage Ratio shall be no greater than 5.35:1.00
calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, prior to such designation, (iii) no
subsidiary may be designated as an Unrestricted Subsidiary if it is a “restricted subsidiary” for the purpose of the Senior Notes or any Junior Indebtedness or any other Indebtedness in excess of the Threshold Amount, and (iv) as of
the date of the designation thereof no Unrestricted Subsidiary shall own any Capital Stock in any Borrower or its Subsidiaries or hold any Indebtedness of, or any Lien on any property of, any Borrower or its Subsidiaries. The designation of any
subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Borrower Representative therein at the date of designation in an amount equal to the portion of the fair market value of the net assets of such subsidiary attributable to
the Borrower Representative’s equity interest therein as reasonably estimated by the Borrower Representative (and such designation shall only be permitted to the extent such Investment is permitted under Section 7.06).
The designation of any Unrestricted Subsidiary as a Subsidiary shall constitute the incurrence or making at the time of designation of any Investments, Indebtedness or Liens of such Subsidiary existing at such time; provided that upon a re-designation of such Unrestricted Subsidiary as a Subsidiary, the Borrower Representative shall be deemed to continue to have an Investment in a Subsidiary in an amount (if positive) equal to (a) such
Borrower’s “Investment” in such Subsidiary at the time of such re-designation, less (b) the portion of the fair market value of the net assets of such Subsidiary attributable to the
Borrower Representative’s equity therein at the time of such re-designation. 

Section 6.11    Use of Proceeds. The Borrowers shall (x) use proceeds of the Term Loans solely to finance
a portion of the Transactions (including the payment of the Transaction Costs) and (y) use proceeds of any Incremental Facility, the Revolving Credit Loans and the borrowings under any Ancillary Commitment for working capital and other general
corporate purposes, including the financing of Permitted Acquisitions, other Investments and Restricted Payments permitted hereunder and any other use not prohibited by the Loan Documents, provided that, in each case, the Borrowers
shall not use proceeds of the Initial U.S. Borrower Dollar Term Loans or the U.S. Revolving Credit Loans for obligations in respect of any Subsidiary incorporated or organized under the laws of the Federal Republic of Germany. No part of the
proceeds of any Loan will be used, whether directly or indirectly, (i) for any purpose that would entail a violation of Regulation T, U or X, or (ii) in a manner which would constitute a “use of proceeds in Switzerland” as
interpreted by the Swiss Federal Tax Administration for purposes of Swiss Withholding Tax, unless a written confirmation or countersigned tax ruling application from the Swiss Federal Tax Administration has been obtained confirming that such use
does not result in any Loans qualifying as a Swiss financing for Swiss Withholding Tax purposes. 

Section 6.12    Additional Collateral; Further Assurances. 

(a)    [Reserved]. 

(b)    (x) Subject to the Guaranty and Security Principles in the case of Foreign Subsidiaries and (y) in order to
ensure that the covenant in Section 6.13 below is satisfied, each Borrower and each Guarantor will cause substantially all of their respective assets (including all Capital Stock and intercompany receivables directly owned
by them but excluding all Real Estate Assets) to be subject at all times to a first priority (to the extent such a first priority concept is applicable in the jurisdiction of such Borrower or Guarantor) perfected Lien in favor of the Collateral
Trustee pursuant to the terms and conditions of the Collateral Documents (subject to Permitted Liens), including by taking the actions referred to in Section 6.12(f) within the time periods provided therein. 

(c)    Without limiting the foregoing, (x) subject to the Guaranty and Security Principles in the case of Foreign
Subsidiaries and (y) in order to ensure that the covenant in Section 6.13 below is satisfied, each Loan Party will promptly execute and deliver, or cause to be promptly executed and delivered, to the Collateral Trustee
such documents, agreements and instruments, and will take or cause to be taken such further actions (including the filing and recording of financing statements and other documents and such other actions or deliveries (including legal opinions of
counsel) of the type required by Article IV, as applicable), which the Administrative Agent or the Collateral Trustee may, from time to time, reasonably request to carry out the terms and conditions of

  
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this Agreement and the other Loan Documents and to ensure perfection and priority of the Liens created or intended to be created by the Collateral Documents (to the extent required herein or
therein), all at the expense of the Borrowers in accordance with Section 10.03(a). 
 (d)    [Reserved].

 (e)    [Reserved]. 

(f)    To the extent any Subsidiary becomes or is required to become a Guarantor pursuant to Section 6.13, the
Parent, each Borrower and each other Loan Party shall cause such Subsidiary to (within the time periods provided in Section 6.13 for such Subsidiary to become a Guarantor, or such earlier date as is provided in the
following clauses (A) through (F), or in each case such later date as may be agreed by the Administrative Agent) execute and deliver (A) all documentation and other information with respect to such Subsidiary required by regulatory
authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act no later than five (5) Business Days prior to the date of the effectiveness of the
applicable Joinder Agreement with respect to such Subsidiary (or such later date as may be agreed by the Administrative Agent), (B) such documents as set out in Section 4.01(b)(i) as they relate to such Subsidiary and (as the case may be)
their shareholders (as if references to certified copy documents are to those documents in sub-paragraph (A) above of this paragraph (f) and reference to the “Closing Date” being the date
on which Subsidiary becomes a Guarantor hereunder); (C) a legal opinion of local counsel to the Administrative Agent (or if customary in the relevant jurisdiction or otherwise, to such Subsidiary) relating to such Subsidiary and/or the Collateral
Documents required pursuant to paragraph (F) below and covering matters customarily covered by such opinion from such counsel in the relevant jurisdiction for such accession in form and substance reasonably satisfactory to the Administrative
Agent, (D) a Joinder Agreement, (E) a Debtor Joinder Agreement with respect to the Intercreditor Agreement five (5) Business Days prior to the proposed effectiveness of the Joinder Agreement with respect to such Subsidiary and
(F) appropriate Collateral Documents granting Liens over the shares of such Subsidiary and substantially all of such Subsidiary’s assets (excluding Real Estate Assets and subject, in the case of Foreign Subsidiaries, to the Guaranty and
Security Principles) on substantially the same terms as the Collateral Documents then in effect with respect to Subsidiaries organized in the same jurisdiction as existing Guarantors, and otherwise in form and substance reasonably satisfactory to
the Collateral Trustee, to the extent such Subsidiary becomes or is required to become a Guarantor pursuant to (and within the time periods provided in) Section 6.13. 

(g)    [Reserved]. 

Notwithstanding anything to the contrary in this Section 6.12 or any other Collateral Document, with respect to any U.S. Subsidiary,
(a) the Collateral Trustee shall not require the taking of a Lien on, or require the perfection of any Lien granted in, those assets of such U.S. Subsidiary as to which (i) the cost, burden, difficulty or consequence of obtaining or
perfecting such Lien (including any stamp, intangibles or other tax or expenses relating to such Lien) outweighs the benefit to the Lenders of the security afforded thereby as reasonably determined by the Borrower Representative and the
Administrative Agent or (ii) the granting of a Lien on such asset would violate any enforceable anti-assignment provisions of contracts or applicable law or, in the case of assets consisting of licenses, agreements or similar contracts, to the
extent the granting of such Lien therein would violate the terms of such license, agreement or similar contract relating to such asset (in each case, after giving effect to the applicable anti-assignment provisions of the UCC or other applicable
law) or would trigger the termination of any contract pursuant to any “change of control” or similar provision, (b) [reserved], (c) no actions shall be required to be taken in order to create, grant or perfect any security interest in any
assets of any U.S. Subsidiary located outside of the U.S. and no foreign law security or pledge agreements (other than with respect to Equity Interests of any Foreign Subsidiary held by such U.S. Subsidiary) or foreign intellectual property filings
or searches shall be required, (d) Liens required to be granted or perfected pursuant to this Section 6.12 shall be subject to the Intercreditor Agreement and to exceptions and limitations consistent with those set
forth in the Collateral Documents, (e) the Loan Parties shall not be required to seek or obtain any landlord lien waiver, estoppel, warehousemen waiver or other collateral access or similar letter or agreement in respect of any asset of any
U.S. Subsidiary and (f) no Loan Party shall be required to (i) grant or take any other action with respect to a security interest in any assets excluded pursuant to the terms of Section 2.2 of the Security Agreement or any U.S. RPA
Assets or (ii) take any action with respect to perfection of any security interest in (subject to the qualifications set forth in Section 3.3 of the Security Agreement) (A) assets requiring perfection through control agreements or
other control arrangements (other than control of promissory 

  
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notes and pledged Capital Stock as provided in this Agreement, the Pledge Agreement and the Security Agreement and filing of UCC-1 financing statements),
(B) vehicles or other assets subject to state law certificate of title statutes, (C) commercial tort claims with an individual value of less than €10,000,000 (as reasonably determined by the Borrower Representative) or (D) letter of
credit rights to the extent a security interest therein may not be perfected as supporting obligations by the filing of a UCC-1 financing statement on the primary collateral; provided that
notwithstanding the foregoing or anything in the Collateral Documents, the foregoing shall not include any Proceeds (as defined in the UCC), substitutions or replacements of any such property (unless such Proceeds, substitutions or replacements
would otherwise constitute property of any U.S. Subsidiary so excluded). 
 Section 6.13    Guarantor Coverage
Test. Subject to the Guaranty and Security Principles in the case of Foreign Subsidiaries, Parent shall ensure that (i) on the Closing Date, and (ii) on the date of delivery of each Compliance Certificate under Section 6.01(d)
in relation to the financial statements referred to in Section 6.01(c): 
 (a)    the aggregate (without double
counting) Loan Party EBITDA of the Loan Parties for the Test Period most recently then ended on each such date exceeds 80% of the Consolidated Adjusted EBITDA of the Adjusted Group for such most recently then ended Test Period; and 

(b)    the aggregate gross assets of the Loan Parties for the Test Period most recently then ended on each such date
exceeds 80% of the consolidated gross assets of the Adjusted Group; 
 in each case, calculated excluding goodwill, intra-group items and investments in
Subsidiaries of any Loan Party and tested on delivery of and by reference to the annual financial statements in respect of the relevant Fiscal Year delivered to the Administrative Agent in accordance with Section 6.01(c) (or, for purposes of
making the determination in respect of the Closing Date, by reference to the Historical Financial Statements) (the “Guarantor Coverage Test”); provided that, if on any relevant test date the Guarantor Coverage Test is not
met, such other subsidiaries of the Parent shall become Guarantors in accordance with Section 2.21 and shall deliver such documents and instruments as are required by, and take such other actions as specified in, Section
2.21(f), within 75 days (or 45 days to the extent such subsidiary is organized in a jurisdiction where another Loan Party is organized) of the relevant test date to ensure that the Guarantor Coverage Test is satisfied (calculated as if such
additional Guarantors had been Guarantors for the purposes of the relevant test) and that the requirements of Section 2.21(f) are satisfied; provided, further, that, if the Guarantor Coverage Test and the requirements of
Section 2.21(f) are satisfied within such time period, no Default or Event of Default shall arise in respect thereof. 
 For the purposes of
calculating the Guarantor Coverage Test, (i) each entity with negative Loan Party EBITDA shall be deemed to have zero Loan Party EBITDA, and Consolidated Adjusted EBITDA shall be calculated by reference to each member of the Adjusted Group that
has positive Consolidated Adjusted EBITDA and (ii) with respect to any Subsidiary organized under the laws of each of Argentina, Russia, Thailand, Brazil, China, India, Mexico, the United Arab Emirates, Egypt or Australia, the Consolidated
Adjusted EBITDA of such Subsidiary and the gross assets of such Subsidiary shall be excluded from the numerator and denominator for the purposes of calculating the Guarantor Coverage Test. 

Section 6.14    Maintenance of Ratings. Each Borrower shall use commercially reasonable efforts to maintain
public corporate credit and public corporate family ratings with respect to the Parent; provided that in no event shall any Borrower be required to maintain any specific rating with any such agency. 

Section 6.15    Post-Closing Items. The Loan Parties shall comply with each of the requirements described on
Schedule 6.15 within the time period set forth on such Schedule (or such longer period as the Administrative Agent may agree in its sole discretion). 

ARTICLE VII. 
 Negative
Covenants 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent
indemnification obligations as to which no claim has been asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) hereunder shall remain unpaid or

  
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unsatisfied, or any Letter of Credit shall remain outstanding (other than Letters of Credit which have been Cash Collateralized), each of the Parent (solely to the extent applicable to it), each
Borrower and each other Loan Party covenants and agrees with the Administrative Agent and the Lenders that: 

Section 7.01    Indebtedness. No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, create, incur, assume or otherwise become or remain liable with respect to any Indebtedness, except: 

(a)    (i) the Secured Obligations (including, without limitation, any Additional Term Loans and any Additional Revolving
Facility); provided that the aggregate amount of Secured Hedging Obligations and Secured Hedging Obligations in respect of Secured Hedge Agreements and Secured Cash Management Agreements between any Hedge Bank or any Cash Management Bank,
respectively, and any Subsidiary that is not a Loan Party shall not exceed the (i) greater of (1) €125,000,000 and (2) 10.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test
Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable minus (ii) the amount of Indebtedness incurred by Subsidiaries that are not Loan Parties in reliance on Sections
7.01(h), 7.01(i), 7.01(p) and 7.01(v) minus (iii) the aggregate outstanding amount of Investments made by Loan Parties in Subsidiaries that are not Loan Parties in reliance on Section 7.06(b), (ii)(x)
Indebtedness of the U.S. Borrower in respect the Senior Notes and (y) any Permitted Refinancing thereof and (iii) Indebtedness pursuant to the Existing Senior Secured Notes that will be satisfied and discharged on approximately
May 16, 2015, to the extent cash in an amount sufficient to satisfy and discharge such Existing Senior Secured Notes has been deposited with the trustee therefore in accordance with the terms of the indenture with respect thereto and defeased
pending redemption on approximately July 16, 2015; 
 (b)    Indebtedness of the Parent to any Subsidiary and of
any Subsidiary to any other Subsidiary; provided that in the case of any Indebtedness of a Subsidiary that is not a Loan Party owing to a Loan Party, such Indebtedness shall (x) be permitted as an Investment by Section 7.06(b) or
(y) be of the type described in clause (ii) of the parenthetical under clause (c) of the definition of “Investment”; provided, further, that all such Indebtedness having a principal amount in
excess of €1,000,000 on an individual basis of any Loan Party to any Subsidiary that is not a Loan Party and which is not an Exempt Intra-Group Obligation must be expressly subordinated to the Obligations of such Loan Party pursuant to the
terms of the Intercreditor Agreement or otherwise on terms reasonably acceptable to the Administrative Agent; 

(c)    Indebtedness arising from agreements providing for indemnification, adjustment of purchase price or similar
obligations (including contingent earn-out obligations) incurred in connection with any Disposition permitted hereunder, any acquisitions permitted hereunder or other purchases of assets or Capital Stock, and
Indebtedness arising from guaranties, letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments securing the performance of any Borrower or any such Subsidiary pursuant to such agreements; 

(d)    Indebtedness which may be deemed to exist pursuant to any performance and completion guaranties or customs, stay,
performance, bid, surety, statutory, appeal, performance and return of money bonds, tenders, statutory obligations, leases, governmental contracts, trade contracts or other similar obligations incurred in the ordinary course of business or in
respect of any letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments to support any of the foregoing items; 

(e)    Indebtedness in respect of commercial credit cards, stored value cards, purchasing cards and treasury management
services, including Cash Management Obligations, and other netting services, overdraft protections, automated clearing-house arrangements, employee credit card programs, controlled disbursement, ACH transactions, return items, interstate depository
network service, Society for Worldwide Interbank Financial Telecommunication transfers, cash pooling and operational foreign exchange management, and, in each case, similar arrangements and otherwise in connection with cash management, including
cash management arrangements among Parent and its Subsidiaries, and Deposit Accounts; 
 (f)    (x) Indebtedness in
respect of Guarantees of the obligations of suppliers, customers and licensees in the ordinary course of business, (y) Indebtedness incurred in the ordinary course of business in respect of obligations of the Borrowers or any Subsidiary
to pay the deferred purchase price of goods or services or progress payments in connection with such goods and services and (z) Indebtedness in respect of any letter of credit, bankers’ acceptance, bank guaranty or similar instrument
supporting trade payables, warehouse receipts or similar facilities entered into in the ordinary course of business; 

  
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 (g)    Guarantees of Indebtedness or other obligations of the Borrowers or
any Subsidiary with respect to Indebtedness otherwise permitted to be incurred pursuant to this Section 7.01 or obligations not prohibited by this Agreement; provided that, in the case of any Guarantees by a Loan
Party of the obligations of a non-Loan Party, the related Investment is permitted under Section 7.06; 

(h)    Indebtedness (i) existing, or pursuant to commitments existing, on the Closing Date and described on
Schedule 7.01 and (ii) intercompany Indebtedness; provided that (x) all such Indebtedness having a principal amount in excess of €1,000,000 of any Loan Party to any Loan Party or any other Subsidiary must be subject to
the Intercreditor Agreement or another intercreditor agreement reasonably satisfactory to the Administrative Agent and (y) the aggregate principal amount at any time outstanding of all intercompany Indebtedness of Subsidiaries that are not Loan
Parties incurred under this Section 7.01(h) shall not exceed (i) the greater of (1) €125,000,000 and (2) 10.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period
for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable minus (ii) the amount of Indebtedness incurred by Subsidiaries that are not Loan Parties in reliance on Sections
7.01(a)(i), 7.01(i), 7.01(p) and 7.01(v) minus (iii) the aggregate outstanding amount of Investments made by Loan Parties in Subsidiaries that are not Loan Parties in reliance on Section 7.06(b); 

(i)    Non-intercompany Indebtedness of Subsidiaries that are not Loan Parties;
provided that the aggregate principal amount at any time outstanding of such Indebtedness incurred under this Section 7.01(i) shall not exceed (i) the greater of (1) €125,000,000 and (2) 10.0% of Consolidated Total Assets of
Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, minus (ii) the amount of
Indebtedness incurred by Subsidiaries that are not Loan Parties in reliance on Sections 7.01(a)(i), 7.01(h), 7.01(p) and 7.01(v) minus (iii) the aggregate outstanding amount of Investments made by Loan Parties in
Subsidiaries that are not Loan Parties in reliance on Section 7.06(b); 
 (j)    Indebtedness consisting of
obligations owing under any customer or supplier incentive, supply, license or similar agreements entered into in the ordinary course of business; 

(k)    Indebtedness consisting of (i) the financing of insurance premiums and/or (ii) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; 

(l)    Indebtedness with respect to Capital Leases and purchase money Indebtedness incurred prior to or within 270 days of
the acquisition or lease or completion of construction, repair or replacement of, or improvement to or installation of assets in an aggregate principal amount at any time outstanding not to exceed the greater of (i) €50,000,000 and (ii) 4.0%
Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable; 

(m)    Indebtedness of a Person that becomes a Subsidiary or Indebtedness assumed in connection with a Permitted
Acquisition after the Closing Date; provided that (i) such Indebtedness (A) existed at the time such Person became a Subsidiary or the assets subject to such Indebtedness were acquired and (B) was not created or incurred in
connection or contemplation thereof, (ii) at the time of the execution of the definitive agreement governing such Permitted Acquisition, no Event of Default exists or would result therefrom, (iii) so long as (A) if such Indebtedness
is unsecured or secured on a junior lien basis to the Liens securing the Obligations, the Total Net Leverage Ratio is no greater than 5.35:1.00 and (B) if such Indebtedness is secured on a pari passu basis with the Obligations, the First
Lien Net Leverage Ratio is no greater than 3.95:1.00, in each case calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or
(c), as applicable, prior to the date of the execution of the definitive agreement governing such acquisition, (iv) no Loan Party (other than such Person or any other Person that such Person merges with or that acquires the assets of
such Person in connection with such Permitted Acquisition) shall have any liability or other obligation with respect to such Indebtedness and (v) if such Indebtedness is secured, no Lien thereon shall extend to or cover any other assets other
than the assets acquired in such Permitted Acquisition (other than the proceeds or products thereof, accessions or additions thereto and improvements thereon) or attach to any other property of any Loan Party; 

  
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 (n)    Indebtedness consisting of promissory notes issued to any stockholders
of any Parent Company or any current or former directors, officers, employees, members of management, managers or consultants of any Parent Company, the Borrowers or any subsidiary (or their respective Immediate Family Members) to finance the
purchase or redemption of Capital Stock of any Parent Company permitted by Section 7.04(a); 
 (o)    the
Borrowers and their Subsidiaries may become and remain liable for (i) any Refinancing Notes and (ii) any other Indebtedness refinancing, refunding, extending, renewing or replacing any Indebtedness permitted under Sections 7.01(h), (i),
(l), (m), (p), (s), (w) and (ii) (in the case of each of the foregoing clauses (i) and (ii), “Refinancing Indebtedness”) and any subsequent Refinancing Indebtedness in respect thereof; provided that (i) the principal amount of
such Indebtedness does not exceed the principal amount of the Indebtedness being refinanced, refunded or replaced, except (A) by an amount equal to unpaid accrued interest and premiums (including tender premiums) thereon plus underwriting
discounts, other reasonable and customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payments) incurred in connection with such refinancing or replacement, (B) by an amount equal to any
existing commitments unutilized thereunder (to the extent such commitments are permanently terminated) and (C) by additional amounts permitted to be incurred pursuant to this Section 7.01 (so long as such additional Indebtedness meets the
other applicable requirements of the relevant subsection of this Section 7.01 and, if secured, is secured pursuant to and meets the applicable requirements of clauses (b), (h), (i) or (m) of Section 7.02), (ii)
such Indebtedness has a final maturity on or later than (and, in the case of revolving Indebtedness, shall not require mandatory commitment reductions, if any, prior to) the final maturity of the Indebtedness being refinanced, refunded or replaced
and, other than with respect to revolving Indebtedness, a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of the Indebtedness being refinanced, refunded or replaced, (iii) the terms of such
Refinancing Indebtedness with an original principal amount in excess of the Threshold Amount (excluding pricing, fees, premiums, rate floors, optional prepayment or redemption terms (and, if applicable, subordination terms)), are not, taken as a
whole (as reasonably determined by the Borrower Representative), more favorable to the lenders providing such Indebtedness than those applicable to the Indebtedness being refinanced, refunded or replaced (other than any covenants or any other
provisions applicable only to periods after the Latest Maturity Date as of such date or which are on then current market terms for the applicable type of Indebtedness), (iv) such Indebtedness is secured only by Liens permitted pursuant to Section
7.02(k) at the time of such refinancing, refunding or replacement (it being understood that such Indebtedness may go from being secured to being unsecured), (v) such Indebtedness is incurred by the obligor or obligors in respect of the Indebtedness
being refinanced, refunded or replaced, except in the case of amounts incurred pursuant to clause (i)(C) of this proviso, to the extent otherwise permitted pursuant to this Section 7.01, Section 7.02 and Section 7.06), (vi) if the
Indebtedness being refinanced, refunded or replaced was originally contractually subordinated to the Obligations in right of payment (or the Liens securing such Indebtedness were originally contractually subordinated to the Collateral), such
Indebtedness is contractually subordinated to the Obligations in right of payment (or the Liens securing such Indebtedness shall be subordinated to the Collateral) on terms not materially less favorable, taken as a whole, to the Lenders than those
applicable to the Indebtedness (or Liens, as applicable) being refinanced, refunded or replaced, taken as a whole, (vii) as of the date of incurring such Indebtedness and after giving effect thereto, no Event of Default shall exist or have
occurred and be continuing and (viii) subject to clause (vi) above, (A) such Indebtedness shall be pari passu or junior in right of payment and be pari passu or junior with respect to security with the remaining Obligations hereunder or
shall be unsecured; provided that (A) any such Indebtedness that is pari passu or junior with respect to the Collateral or that is unsecured shall be subject to the Intercreditor Agreement or another intercreditor agreement on terms reasonably
satisfactory to the Administrative Agent and the Borrower Representative, (B) if such Indebtedness being refinanced, refunded or replaced is secured, it shall not be secured by any assets other than the Collateral, (C) if such Indebtedness
being refinanced, refunded or replaced is Guaranteed, it shall not be Guaranteed by any Person other than a Loan Party, (D) such Indebtedness is incurred under (and pursuant to) documentation other than this Agreement, and the incurrence of
such Refinancing Indebtedness shall be without duplication of any amounts outstanding under Section 7.01 and (E) Refinancing Indebtedness in respect of Incremental Facilities and Indebtedness incurred pursuant to Section 7.01(m)(iii)(B)
and Section 7.01(p)(ii) (and Refinancing Indebtedness in respect thereof) shall be treated as Consolidated First Lien Debt for purposes of all future incurrences of Incremental Facilities and Incremental Equivalent Debt incurred in reliance on
clause (z) of the Incremental Cap, and for purposes of all future incurrences of Indebtedness incurred pursuant to Section 7.01(m)(iii)(B), Section 7.01(p)(ii) and Section 7.01(v)(ii) (and all Refinancing Indebtedness in respect thereof),
whether such Indebtedness is secured on a first lien basis, junior lien basis or unsecured; 

  
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 (p)    Indebtedness incurred to finance Permitted Acquisitions after the
Closing Date, so long as (i) if such Indebtedness is unsecured or secured on a junior lien basis to the Liens securing the Obligations, the Total Net Leverage Ratio is no greater than 5.35:1.00 and (ii) if such Indebtedness is secured on a
pari passu basis with the Obligations, the First Lien Net Leverage Ratio is no greater than 3.95:1.00, in each case calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period for which financial statements have
been delivered pursuant to Section 6.01(b) or (c), as applicable, prior to the date of the execution of the definitive agreement governing such acquisition; provided, however, that such limits shall not apply to
(A) Indebtedness owed to the seller of any property or assets acquired in a Permitted Acquisition or other Investment permitted by Section 7.06 in an aggregate principal amount at any time outstanding for all such
Indebtedness not to exceed €100,000,000, which any such Indebtedness may only be secured pursuant to Section 7.02(u) and (B) Indebtedness in an aggregate principal amount that does not exceed the Threshold Amount for any Permitted
Acquisition, which Indebtedness shall not mature or require any payment of principal (other than payments as part of an “applicable high yield discount obligation” (AHYDO) catch-up payments,
customary offers to repurchase in connection with any change of control, Disposition or casualty event and customary acceleration rights after an event of default), in each case, prior to the date that is 91 days after the Latest Maturity Date as of
such date; provided, further, that the aggregate principal amount outstanding of any such Indebtedness of Subsidiaries that are not Loan Parties incurred under this Section 7.01(p) shall not exceed (i) the greater of (1)
€125,000,000 and (2) 10.0% Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c),
as applicable, minus (ii) the amount of Indebtedness incurred by Subsidiaries that are not Loan Parties in reliance on Sections 7.01(a)(i), 7.01(h), 7.01(i) and 7.01(v) minus (iii) the aggregate
outstanding amount of Investments made by Loan Parties in Subsidiaries that are not Loan Parties in reliance on Section 7.06(b); 

(q)    Indebtedness incurred pursuant to Local Facilities established pursuant to
Section 2.19(n); 
 (r)    Indebtedness of the Borrowers or any Subsidiary under any
Derivative Transaction not entered into for speculative purposes; 
 (s)    Other Indebtedness in an aggregate principal
amount at any time outstanding not to exceed the greater of (i) €50,000,000 and (ii) 4.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have
been delivered pursuant to Section 6.01(b) or (c), as applicable; 
 (t)    (i) to the extent constituting
Indebtedness, obligations of Parent or any Subsidiary incurred pursuant to Permitted Factoring Arrangements, and (ii) to the extent constituting Indebtedness, obligations of Parent or any Subsidiary which is the seller or servicer (or any
obligation of Parent or any Subsidiary in respect of a seller or servicer) in a Permitted Securitization in respect of any Standard Securitization Undertakings; it being understood that, in each case, notwithstanding the terms of this Agreement, the
Intercreditor Agreement and the Collateral Documents and regardless of whether such Permitted Factoring Arrangements or Permitted Securitizations are deemed to constitute Indebtedness or not, the Administrative Agent shall take all necessary steps
(including providing instruction to the Collateral and Security Agent) to enable Loan Parties to release all Liens over (x) Securitization Assets that are the subject of a Permitted Securitization, (y) Factoring Assets that are the subject
of a Permitted Factoring Arrangement and claims against the Qualified Factoring Agent in connection with a Permitted Factoring Arrangement and (z) Dedicated Receivables Accounts used in connection with any such Permitted Securitization or
Permitted Factoring Arrangement; 
 (u)    [reserved]; 

(v)    unlimited other Indebtedness of Parent or any Loan Party, so long as (i) if such Indebtedness is unsecured or
secured on a junior lien basis to the Liens securing the Obligations, the Total Net Leverage Ratio is no greater than 5.35:1.00 and (ii) if such Indebtedness is secured on a pari passu basis with the Obligations, the First Lien Net
Leverage Ratio determined on a Pro Forma Basis is no greater than 3.95:1.00 

  
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(provided that any Refinancing Indebtedness in respect of Indebtedness incurred under this clause (ii) shall be treated as Consolidated First Lien Debt for purposes of all
future incurrences of Indebtedness under this clause (ii)), in each case determined on a consolidated basis for Parent and its Subsidiaries’ most recently ended four fiscal quarters for which internal financial statements are available
immediately preceding the date on which such incurrence test is tested; provided that (i) any such Indebtedness shall be subject to the Intercreditor Agreement or another intercreditor agreement reasonably satisfactory to the
Administrative Agent and (ii) in the case of any such Indebtedness that is secured on a first lien basis, (A) any such Indebtedness shall not have a shorter Weighted Average Life to Maturity than the Weighted Average Life to Maturity of
the then-existing Term Loans (without giving effect to any prepayments thereof) and shall not mature and shall not be subject to mandatory redemption, repurchase, repayment or sinking fund obligations (other than AHYDO
catch-up payments, customary offers to repurchase on a change of control, Disposition or casualty event and customary acceleration rights after an event of default), in each case prior to the date which is 91
days after the Latest Maturity Date as of such date and (B) the covenants and events of default of any such Indebtedness, if not consistent with the terms of then-existing Term Loans, shall not be materially more restrictive to the Borrowers,
when taken as a whole, than the terms of the then-existing Term Loans (other than covenants and/or events of defaults that are effective after the Latest Maturity Date), unless (1) the Lenders under the then-existing Term Loans also receive the
benefit of such more restrictive terms (it being understood that, to the extent that any covenant is added for the benefit of any such Indebtedness, no consent shall be required from the Administrative Agent or any Lender to the extent that such
covenant is also added for the benefit of any then-existing Term Loans) or (2) any such provisions apply after the Original Term Maturity Date; provided, further, that the aggregate principal amount outstanding of any such
Indebtedness of Subsidiaries that are not Loan Parties incurred under this Section 7.01(v) shall not exceed, prior to the date of the execution of the definitive agreement governing such acquisition, (i) the greater of (1)
€125,000,000 and (2) 10.0% Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c),
as applicable, minus (ii) the amount of Indebtedness incurred by Subsidiaries that are not Loan Parties in reliance on Sections 7.01(a)(i), 7.01(h), 7.01(i) and 7.01(p) minus (iii) the aggregate
outstanding amount of Investments made by Loan Parties in Subsidiaries that are not Loan Parties in reliance on Section 7.06(b); provided, further, that any such Indebtedness that is pari passu with the Credit Facility in
right of payment and security shall be in the form of notes and not loans; 
 (w)    Indebtedness incurred in connection
with Sale and Lease-Back Transactions permitted pursuant to Section 7.08; 
 (x)    secured or
unsecured notes and/or loans (and/or commitments in respect thereof) issued or incurred by any Borrower (or a co-issuer in addition thereto) in lieu of Incremental Facilities (such notes, “Incremental
Equivalent Debt”); provided that (i) the aggregate outstanding principal amount (or committed amount, if applicable) of all Incremental Equivalent Debt, together with the aggregate outstanding principal amount (or committed
amount, if applicable) of all Incremental Loans and Incremental Commitments provided pursuant to Section 2.14 of this Agreement (other than those provided solely in reliance on Section 2.14(a)(y) of this Agreement),
shall not exceed the Incremental Cap, (ii) any Incremental Equivalent Debt shall be subject to clauses (v), (vii), (ix) and (xii) of the proviso to Section 2.14(a) of this Agreement, (iii) any such
notes that are secured shall be secured only by the Collateral and on a pari passu or junior basis with the Secured Obligations, (iv) any such loans that are secured shall be secured only by the Collateral and on a junior basis with the
Secured Obligations (iv) any such Indebtedness shall be subject to the Intercreditor Agreement or another intercreditor agreement reasonably satisfactory to the Administrative Agent; and (v) such Incremental Equivalent Debt shall not be
guaranteed by any Person that is not a Loan Party; provided, further, that any Incremental Equivalent Debt that is pari passu with the Credit Facility in right of payment and security shall be in the form of notes and not loans;

 (y)    Indebtedness (including obligations in respect of letters of credit, bank guarantees, surety bonds,
performance bonds or similar instruments with respect to such Indebtedness) incurred in respect of workers compensation claims, self-insurance, unemployment insurance (including premiums related thereto), other types of social security, pension
obligations, vacation pay, health, disability or other employee benefits (including, without limitation, any Indebtedness incurred pursuant to Section 8a of the German Old Age Employees Part Time Act (Altersteilzeitgesetz) or Section 7e of
the Fourth Book of the German Social Code (Sozialgesetzbuch IV)); 
 (z)    Indebtedness representing
(i) deferred compensation to current or former directors, officers, employees, members of management, managers and consultants of any Parent Company, the Borrowers or any Subsidiary in the ordinary course of business and (ii) deferred
compensation or other similar arrangements in connection with the Transactions, any Permitted Acquisition or any other Investment permitted hereby; 

  
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 (aa)    [reserved]; 

(bb)    [reserved]; 

(cc)    unfunded pension fund and other employee benefit plan obligations and liabilities incurred in the ordinary course
of business to the extent that the unfunded amounts would not otherwise cause an Event of Default under Section 8.01(i); 

(dd)    Indebtedness in an aggregate principal amount outstanding not to exceed the greater of (i) €30,000,000 and
(ii) 2.35% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, as
an account party in respect of trade letters of credit issued in the ordinary course of business; 
 (ee)    customer
deposits and advance payments received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business; 

(ff)    without duplication of any other Indebtedness, all premiums (if any), interest (including post-petition interest
and payment in kind interest), accretion or amortization of original issue discount, fees, expenses and charges with respect to Indebtedness permitted hereunder; 

(gg)    Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar
instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five Business Days of
incurrence; 
 (hh)    [reserved]; and 

(ii)    Indebtedness in respect of local working capital facilities, short term and long term capital expenditures and/or
overdraft facilities and other similar facilities, not to exceed an aggregate principal amount of €100,000,000 at any time outstanding. 

Section 7.02    Liens. No Loan Party shall, nor shall it permit any of its Subsidiaries to, create, incur,
assume or permit or suffer to exist any Lien on or with respect to any property of any kind owned by it, whether now owned or hereafter acquired, or any income or profits therefrom, except: 

(a)    Liens created pursuant to the Loan Documents securing the Secured Obligations; 

(b)    Liens for Taxes, assessments or other governmental charges or levies which are (i) not then due or, if due,
obligations with respect to such Taxes that are not at such time required to be paid pursuant to Section 6.03 or (ii) being contested in good faith in accordance with Section 6.03; 

(c)    statutory Liens (and rights of set-off) of landlords, banks, carriers,
warehousemen, mechanics, repairmen, workmen and materialmen, and other Liens imposed by law, in each case incurred in the ordinary course of business (i) for amounts not yet overdue by more than 30 days, (ii) for amounts that are overdue
by more than 30 days and that are being contested in good faith by appropriate proceedings, so long as such reserves or other appropriate provisions, if any, as shall be required by IFRS shall have been made for any such contested amounts or
(iii) with respect to which the failure to make payment could not reasonably be expected to have a Material Adverse Effect; 

(d)    Liens incurred (i) in the ordinary course of business in connection with workers’ compensation,
unemployment insurance and other types of social security laws and regulations (including, without limitation, Liens incurred pursuant to Section 8a of the German Old Age Employees Part Time Act 

  
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(Altersteilzeitgesetz) or Section 7e of the Fourth Book of the German Social Code (Sozialgesetzbuch IV)), (ii) in the ordinary course of business to secure the performance of
tenders, statutory obligations, surety, stay, customs and appeal bonds, bids, leases, government contracts, trade contracts, performance and return-of-money bonds and
other similar obligations (exclusive of obligations for the payment of borrowed money), (iii) pursuant to pledges and deposits of Cash or Cash Equivalents in the ordinary course of business securing (x) any liability for reimbursement or
indemnification obligations of insurance carriers providing property, casualty, liability or other insurance to Parent, the Borrowers and their subsidiaries or (y) leases or licenses of property otherwise permitted by this Agreement,
(iv) over bank accounts pursuant to the general terms and conditions of German or Swiss banks or savings banks (Allgemeine Bedingungen der Banken oder Sparkassen, Allgemeine Geschäftsbedingungen) or (v) to secure obligations in
respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments posted with respect to the items described in clauses (i) through (iii) above and to the extent permitted under
Section 7.01; 
 (e)    Liens consisting of easements, rights-of-way, restrictions, encroachments, and other minor defects or irregularities in title, in each case which do not, in the aggregate, materially interfere with the ordinary conduct of the business of
the Borrowers and any Subsidiary, taken as a whole, or the use of the affected property for its intended purpose; 

(f)    Liens consisting of any (i) interest or title of a lessor or
sub-lessor under any lease of real estate permitted hereunder, (ii) landlord lien permitted by the terms of any lease or pursuant to Law, (iii) restriction or encumbrance to which the interest or
title of such lessor or sub-lessor may be subject or (iv) subordination of the interest of the lessee or sub-lessee under such lease to any restriction or
encumbrance referred to in the preceding clause (iii); 
 (g)    Liens solely on any Cash earnest money deposits
made by the Borrowers or any Subsidiary in connection with any letter of intent or purchase agreement with respect to any Investment permitted hereunder; 

(h)    purported Liens evidenced by the filing of UCC financing statements relating solely to operating leases or
consignment or bailee arrangements entered into in the ordinary course of business; 
 (i)    Liens in favor of customs
and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 

(j)    Liens in connection with any zoning, building or similar law or right reserved to or vested in any Governmental
Authority to control or regulate the use of any or dimensions of real property or the structure thereon, including Liens in connection with any condemnation or eminent domain proceeding or compulsory purchase order; 

(k)    Liens on assets securing Indebtedness permitted pursuant to Section 7.01(o) (solely with respect to the
permitted refinancing of Indebtedness permitted pursuant to Sections 7.01(h), (i), (l), (m), (p), (s) and (w)); provided that (i) no such Lien extends to any asset not covered by the Lien
securing the Indebtedness that is refinanced (other than the proceeds and products thereof, accessions thereto and improvements thereon) or as otherwise permitted under this Section 7.02 with respect to such Lien and
(ii) if the Indebtedness being refinanced was subject to intercreditor arrangements, then any refinancing Indebtedness in respect thereof shall be subject to intercreditor arrangements not materially less favorable to the Lenders (as reasonably
determined by the Borrower Representative), taken as a whole, than the intercreditor arrangements governing the Indebtedness that is refinanced or shall be otherwise reasonably acceptable to the Administrative Agent; 

(l)    Liens described on Schedule 7.02 and any modifications, replacements, refinancings,
renewals or extensions thereof; provided that (i) no such Lien extends to any additional property other than (A) after-acquired property that is affixed or incorporated into the property covered by such Lien or financed by
Indebtedness permitted under Section 7.01 and (B) proceeds and products thereof, accessions thereto and improvements thereon (it being understood that individual financings of the type permitted under Section
7.01(l) provided by any lender may be cross-collateralized to other financings of such type provided by such lender or its Affiliates) and (ii) such modification, replacement, refinancing, renewal or extension of the obligations secured or
benefited by such Liens, if constituting Indebtedness, is permitted by Section 7.01; 

  
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 (m)    Liens arising out of Sale and Lease-Back Transactions permitted under
Section 7.08; 
 (n)    Liens securing Indebtedness permitted pursuant to Section
7.01(l); provided that any such Lien shall encumber only the asset acquired with the proceeds of such Indebtedness and proceeds and products thereof, accessions thereto and improvements thereon (it being understood that individual
financings of the type permitted under Section 7.01(l) provided by any lender may be cross-collateralized to other financings of such type provided by such lender or its Affiliates); 

(o)    (i) Liens securing Indebtedness permitted pursuant to Section 7.01(m) on assets acquired or on the Capital
Stock and assets of the relevant newly acquired Subsidiary; provided that no such Lien (x) extends to or covers any other assets (other than the proceeds or products thereof, accessions or additions thereto and improvements thereon) and
(y) was created in contemplation of the applicable acquisition of assets or Capital Stock, and (ii) Liens securing Indebtedness incurred pursuant to Section 7.01(p); provided that, with respect to the foregoing clause
(ii), (A)(1) the First Lien Net Leverage Ratio calculated on a Pro Forma Basis (without netting the cash proceeds of any such Indebtedness for the purposes of such calculation) as of the last day of the most recently ended Test Period for which
financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, would not exceed 3.95:1.00 prior to the date of execution of the definitive agreements governing the acquisition pursuant to which such
Indebtedness to be secured thereby is to assumed or incurred, as applicable, and (2) the Total Net Leverage Ratio calculated on a Pro Forma Basis (without netting the cash proceeds of any such Indebtedness for the purposes of such calculation)
as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, would not exceed 5.35:1.00 prior to the date of execution of the definitive
agreements governing the acquisition pursuant to which such Indebtedness to be secured thereby is to assumed or incurred, as applicable, and (B) in the case of any Liens on the Collateral, such Indebtedness shall be either secured on a pari
passu basis with the Secured Obligations and be subject to the Intercreditor Agreement or secured on a junior lien basis with respect to the Secured Obligations pursuant to an intercreditor agreement reasonably satisfactory to the Administrative
Agent; 
 (p)    Liens (i) that are contractual rights of setoff or netting relating to (A) the establishment
of depositary relations with banks not granted in connection with the issuance of Indebtedness, (B) pooled deposit or sweep accounts of the Parent, the Borrowers or any Subsidiary to permit satisfaction of overdraft or similar obligations
incurred in the ordinary course of business of the Parent, the Borrowers or any Subsidiary, (C) purchase orders and other agreements entered into with customers of the Borrowers or any Subsidiary in the ordinary course of business and
(D) commodity trading or other brokerage accounts incurred in the ordinary course of business, (ii) Liens encumbering reasonable customary initial deposits and margin deposits and (iii) bankers Liens and rights and remedies as to
Deposit Accounts; 
 (q)    Liens on assets and Capital Stock of Subsidiaries that are
non-Loan Parties (including Capital Stock owned by such Persons) securing Indebtedness of Subsidiaries that are non-Loan Parties permitted pursuant to
Section 7.01; 
 (r)    Liens securing obligations (other than obligations representing
Indebtedness for borrowed money) under operating, reciprocal easement or similar agreements entered into in the ordinary course of business of the Borrowers and any Subsidiary; 

(s)    [Reserved]; 

(t)    Liens securing Indebtedness incurred pursuant to Section 7.01(x) and subject to the
Intercreditor Agreement or another intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent; 

(u)    other Liens on assets securing Indebtedness or other obligations in an aggregate principal amount at any time
outstanding not to exceed the greater of (i) €50,000,000 and (ii) 4.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered
pursuant to Section 6.01(b) or (c), as applicable, prior to the date of the applicable incurrence; 

  
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 (v)    Liens on assets securing judgments, awards, attachments or decrees not
constituting an Event of Default under Section 8.01(h); 
 (w)    leases, licenses, subleases or sublicenses
granted to others in the ordinary course of business which do not (i) interfere in any material respect with the business of the Borrowers and any Subsidiary (other than an Immaterial Subsidiary) or (ii) secure any Indebtedness; 

(x)    Liens on Securities that are the subject of repurchase agreements constituting Investments permitted under
Section 7.06 arising out of such repurchase transaction; 
 (y)    Liens securing obligations
in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments permitted under Sections 7.01(c), (d), (f), (q) and (y); 

(z)    Liens arising (i) out of conditional sale, title retention, consignment or similar arrangements for the sale
of any assets or property in the ordinary course of business and permitted by this Agreement or (ii) by operation of law under Article 2 of the UCC; 

(aa)    Liens (i) in favor of the Borrowers or the Loan Parties and (ii) granted by any non-Loan Party in favor of any other non-Loan Party, in the case of each of clauses (i) and (ii) above, securing intercompany Indebtedness permitted under
Section 7.01; 
 (bb)    Liens on insurance policies and the proceeds thereof securing the
financing of the premiums with respect thereto; 
 (cc)    Liens on specific items of inventory or other goods and the
proceeds thereof securing such Person’s obligations in respect of documentary letters of credit or banker’s acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or
goods; 
 (dd)    Liens securing obligations (i) under Hedge Agreements in connection with any Derivative
Transactions of the type described in Section 7.01(r), (ii) of the type described in Section 7.01(e) and (iii) of the type described in Section 7.01(ii); 

(ee)    (i) Liens on Capital Stock of joint ventures or Unrestricted Subsidiaries securing capital contributions to or
obligations of such Persons and (ii) customary rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements with respect to non-Wholly-Owned Subsidiaries; 

(ff)    [reserved]; 

(gg)    Liens on Cash, Cash Equivalents or other property arising in connection with the defeasance, discharge or
redemption of Indebtedness permitted under Section 7.01 and Section 7.04; 

(hh)    Liens consisting of any condemnation or eminent domain proceeding or compulsory purchase order affecting real
property; 
 (ii)    Liens on U.S. RPA Assets pursuant to the U.S. Receivable Purchase Facility; 

(jj)    Liens on Securitization Assets, Factoring Assets and/or Dedicated Receivables Accounts in connection with any
Permitted Securitization or Permitted Factoring Arrangement and (ii) Liens on the assets of Borrowers or any Subsidiary securing Indebtedness permitted to be incurred pursuant to Section 7.01(t); 

  
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 (kk)    Leases of the properties of any Borrower or its Subsidiaries, and the
rights of ordinary course leases described in Section 9-321 of the UCC, in each case entered into in the ordinary course of Borrower or its Subsidiaries’ business so long as such Leases do not,
individually or in the aggregate, (i) interfere in any material respect with the ordinary conduct of the business of the Borrower or its Subsidiaries or (ii) materially impair the use (for its intended purposes) or the value of the
property subject thereto; and 
 (ll)    Liens of a collecting bank arising in the ordinary course of business under Section 4-208 of the UCC covering only the items being collected upon. 

Section 7.03    No Further Negative Pledges. No Loan Party shall, nor shall it permit any of its Subsidiaries
to, enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties, whether now owned or hereafter acquired, for the benefit of the Secured Parties with respect to the Obligations, except with respect to: 

(a)    specific property or assets to be sold pursuant to any Disposition permitted by
Section 7.07 (including the Disposition of any Factoring Assets); 
 (b)    restrictions
contained in any agreement with respect to Indebtedness permitted by Section 7.01 that is secured by a Permitted Lien, but only if such restrictions apply only to the Person or Persons obligated under such Indebtedness and
its or their Subsidiaries or the property or assets securing such Indebtedness; 
 (c)    restrictions contained in the
documentation governing Indebtedness permitted by clauses (l), (p), (s), (u) and (x) of Section 7.01 (and clause (o) of Section 7.01 to the
extent relating to any refinancing, refunding or replacement of Indebtedness incurred in reliance on clauses (a), (l), (p), (s), (u) and (x) of
Section 7.01); 
 (d)    restrictions by reason of customary provisions restricting
assignments, subletting or other transfers (including the granting of any Lien) contained in leases, subleases, licenses, sublicenses and other agreements entered into in the ordinary course of business (provided that such restrictions are
limited to the relevant leases, subleases, licenses, sublicenses or other agreements and/or the property or assets secured by such Liens or the property or assets subject to such leases, subleases, licenses, sublicenses or other agreements, as the
case may be); 
 (e)    any Dedicated Receivables Accounts and claims against the Qualified Factoring Agent in
connection with any Permitted Factoring Arrangement; 
 (f)    provisions limiting the Disposition or distribution of
assets or property in joint venture agreements, sale-leaseback agreements, stock sale agreements and other similar agreements, which limitation is applicable only to the assets that are the subject of such agreements (or the Persons the Capital
Stock of which is the subject of such agreement); 
 (g)    any encumbrance or restriction assumed in connection with an
acquisition of property or the Capital Stock of any Person, so long as such encumbrance or restriction relates solely to the property so acquired (or to the Person or Persons (and its or their subsidiaries) bound thereby) and was not created in
connection with or in contemplation of such acquisition; 
 (h)    restrictions imposed by customary provisions in
partnership agreements, limited liability company organizational governance documents, joint venture agreements and other similar agreements that restrict the transfer of the assets of, or ownership interests in, such partnership, limited liability
company, joint venture or similar Person; 
 (i)    restrictions on Cash or other deposits imposed by Persons under
contracts entered into in the ordinary course of business or for whose benefit such Cash or other deposits exist; 

  
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 (j)    restrictions set forth in documents which exist on the Closing Date
and described on Schedule 7.03; 
 (k)    restrictions contained in documents governing Indebtedness and Liens on
Capital Stock permitted hereunder of any Subsidiary that is not a Loan Party; 
 (l)    restrictions set forth in any
Loan Document, Senior Note Documents, any Hedge Agreement and/or any agreement relating to any Cash Management Obligation or obligations of the type referred to in Section 7.01(e); and 

(m)    other restrictions or encumbrances imposed by any amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (a) through (l) above; provided that such amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Borrowers, no more restrictive with respect to such encumbrances and other restrictions, taken as a whole, than those prior to such amendment,
modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

Section 7.04    Restricted Payments; Certain Payments of Indebtedness. 

(a)    The Loan Parties shall not pay or make, directly or indirectly, any Restricted Payment, except that: 

(i)    the Loan Parties may make Restricted Payments to the extent necessary to permit any Parent Company: 

(A)    to pay general administrative costs and expenses (including corporate overhead, legal or similar
expenses and customary wages, salary, bonus and other benefits payable to directors, officers, employees, members of management, consultants and/or independent contractors of any Parent Company), franchise fees, franchise Taxes and similar fees,
Taxes and expenses required in connection with maintaining the organizational existence of such Parent Company, in each case, which are reasonable and customary and incurred in the ordinary course of business, plus any reasonable and customary
indemnification claims made by current or former directors, officers, members of management, employees or consultants of any Parent Company, in each case, to the extent attributable to the ownership or operations of any Parent Company (but
excluding, for the avoidance of doubt, the portion of any amount, if any, that is attributable to the ownership or operation of any subsidiary of any Parent Company other than Parent and/or its subsidiaries); provided that Restricted Payments
under this Section 7.04(a)(i)(A) that are attributable to any Unrestricted Subsidiary shall be permitted only to the extent that either (x) such Unrestricted Subsidiary has made one or more Cash distributions, advances or loans to Parent
or any of its Subsidiaries for such purpose in an amount up to the amount of such Unrestricted Subsidiary’s proportionate share of such costs, expenses, franchise fees and Taxes and similar fees, Taxes and expenses or (y) the amount of
such Restricted Payments made by a Borrower on behalf of such Unrestricted Subsidiary is treated as an Investment subject to Section 7.06 hereof; 

(B)    to pay audit and other accounting and reporting expenses at such Parent Company to the extent
relating to the ownership or operations of any Parent Company (but excluding, for the avoidance of doubt, the portion of any such expenses, if any, attributable to the ownership or operations of any subsidiary of any Parent Company other than
Parent, any Borrower and/or its subsidiaries), Parent, any Borrower and/or its subsidiaries; provided that Restricted Payments under this Section 7.04(a)(i)(B) that are attributable to any Unrestricted Subsidiary shall be permitted
only to the extent that either (x) such Unrestricted Subsidiary has made one or more Cash distributions, advances or loans to Parent or any of its Subsidiaries for such purpose in an amount up to the amount of such Unrestricted
Subsidiary’s proportionate share of such accounting and reporting expenses or (y) the amount of such Restricted Payments made by Parent on behalf of such Unrestricted Subsidiary is treated as an Investment subject to
Section 7.06 hereof; 

  
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 (C)    for the payment of insurance premiums to the extent
relating to the ownership or operations of any Parent Company (but excluding, for the avoidance of doubt, the portion of such premiums, if any, attributable to the ownership or operations of any subsidiary of any Parent Company other than Parent,
any Borrower and/or its subsidiaries), Parent, any Borrower and/or its subsidiaries; provided that Restricted Payments under this Section 7.04(a)(i)(C) that are attributable to any Unrestricted Subsidiary shall be permitted only to the
extent that either (x) such Unrestricted Subsidiary has made one or more Cash distributions advances or loans to Parent or any of its Subsidiaries for such purpose in an amount up to the amount of such Unrestricted Subsidiary’s
proportionate share of such insurance premiums or (y) the amount of such Restricted Payments made by Parent on behalf of such Unrestricted Subsidiary is treated as an Investment subject to Section 7.06 hereof; 

(D)    pay fees and expenses related to debt or equity offerings, investments or acquisitions permitted or
not restricted by this Agreement (whether or not consummated); 
 (E)    to pay the consideration to
finance any Investment permitted under Section 7.06 (provided that (x) such Restricted Payments under this Section 7.04(a)(i)(E) shall be made substantially concurrently with the closing of such
Investment and (y) such Parent Company shall, promptly following the closing thereof, cause all such property acquired to be contributed to any Borrower or one of its Subsidiaries, or the merger, consolidation or amalgamation of the Person
formed or acquired into any Borrower or one of its Subsidiaries, in order to consummate such Investment in a manner that causes such Investment to comply with the applicable requirements of Section 7.06 as if undertaken as
a direct Investment by such Borrower or such Subsidiary); and 
 (F)    to pay customary salary, bonus,
severance and other benefits payable to current or former directors, officers, members of management, managers, employees or consultants (or any Immediate Family Member thereof) of any Parent Company plus any reasonable and customary
indemnification claims made by current or former directors, officers, members of management, managers, employees or consultants of any Parent Company, to the extent such salary, bonuses, severance and other benefits or claims in respect of any of
the foregoing are directly attributable and reasonably allocated to the ownership or operations of any Parent Company (but excluding, for the avoidance of doubt, the portion of any amount, if any, that is attributable to the ownership or operation
of any subsidiary of any Parent Company other than Parent, any Borrower and/or its subsidiaries), Parent, any Borrower and/or its subsidiaries, in each case, so long as such Parent Company applies the amount of any such Restricted Payment for such
purpose; provided that Restricted Payments under this Section 7.04(a)(i)(F) that are attributable to any Unrestricted Subsidiary shall be permitted only to the extent that either (x) such Unrestricted Subsidiary has made one or
more Cash distributions, advances or loans to Parent or any of its Subsidiaries for such purpose in an amount up to the amount of such Unrestricted Subsidiary’s proportionate share of such salary, bonus, severance and other benefits or
(y) the amount of such Restricted Payments made by Parent on behalf of such Unrestricted Subsidiary is treated as an Investment subject to Section 7.06 hereof. 

(ii)    the Loan Parties may pay (or make Restricted Payments to allow any Parent Company to pay) for the repurchase,
redemption, retirement or other acquisition or retirement for value of Capital Stock of any Parent Company, any Borrower or any subsidiary held by any future, present or former employee, director, member of management, officer, manager or consultant
(or any Immediate Family Member thereof) of any Parent Company, any Borrower or any subsidiary: 

(A)    in accordance with the terms of notes issued pursuant to Section 7.01(n),
so long as the aggregate amount of all Cash payments made in respect of such notes, together with the aggregate amount of Restricted Payments made pursuant to Section 7.04(a)(ii)(D), 

  
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does not exceed €10,000,000 in any Fiscal Year, which, if not used in any Fiscal Year, may be carried forward to the next subsequent Fiscal Year, so long as the aggregate amount of all
Restricted Payments made pursuant to Section 7.04(a)(ii) in any Fiscal Year (after giving effect to such carry forward) shall not exceed €20,000,000; 

(B)    with the proceeds of any sale or issuance of the Capital Stock of any Parent Company; 

(C)    with the net proceeds of any key-man life insurance policies
received by Parent and the Subsidiaries during such Fiscal Year; or 
 (D)    with Cash and Cash
Equivalents in an amount not to exceed, together with the aggregate amount of all Cash payments made in respect of notes issued pursuant to Section 7.01(n), €10,000,000 in any Fiscal Year, which, if not used in any
Fiscal Year, may be carried forward solely to the next subsequent Fiscal Year, so long as the aggregate amount of all Restricted Payments made pursuant to Section 7.04(a)(ii) in any Fiscal Year (after giving effect to such carry forward)
shall not exceed €20,000,000; 
 (iii)    the Loan Parties may make additional Restricted Payments in an amount
not to exceed the portion, if any, of the Available Amount on such date that such Borrower elects to apply to this clause (iii); provided that (i) no Event of Default shall have occurred and be continuing at the time of the
declaration thereof, and (ii) with respect to amounts utilized pursuant to clauses (a)(i) and (ii) of the definition of “Available Amount”, after giving Pro Forma Effect thereto, the Total Net Leverage Ratio
(calculated on a Pro Forma Basis) is not greater than 5.00:1.00 as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, on or prior
to the making of such Restricted Payment; 
 (iv)    the Loan Parties may make Restricted Payments (i) to any
Parent Company to enable such Parent Company to make Cash payments in lieu of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock of such
Parent Company or (ii) consisting of (A) payments made or expected to be made in respect of required withholding or similar Taxes payable by any future, present or former officers, directors, employees, members of management, managers or
consultants of the Borrowers, any subsidiary or Parent Company or any of their respective Immediate Family Members and/or (B) repurchases of Capital Stock in consideration of the payments described in clause (A) above, including demand
repurchases in connection with the exercise of stock options; 
 (v)    the Loan Parties may repurchase (or make
Restricted Payments to any Parent Company to enable it to repurchase) Capital Stock upon the exercise of options or warrants or other securities convertible into or exchangeable for Capital Stock if such Capital Stock represents all or a portion of
the exercise price of such options or warrants or other securities as part of a “cashless” exercise; 

(vi)    the Loan Parties may make Restricted Payments the proceeds of which are applied on the Closing Date, solely to
effect the consummation of the Transactions and the payment of any Transaction Costs; 
 (vii)    After the
consummation of an IPO, so long as no Event of Default shall have occurred and be continuing at the time of the declaration thereof, the Loan Parties may (or may make Restricted Payments to any Parent Company to enable it to) make Restricted
Payments with respect to any Capital Stock in an amount not to exceed 6.0% per annum of the net Cash proceeds received by or contributed to any Borrower from an IPO; 

(viii)    the Loan Parties may make Restricted Payments to (i) redeem, repurchase, retire or otherwise acquire any
(A) Capital Stock (“Treasury Capital Stock”) of such Loan Party or any of such Loan Party’s Subsidiary or (B) Capital Stock of any Parent Company, in the case of each of clauses (A) and (B) above,
in exchange for, or out of the proceeds of the substantially concurrent sale (other than to such Borrower or such 

  
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Subsidiary) of, Qualified Capital Stock of such Loan Party or any Parent Company to the extent any such proceeds are contributed to the capital of such Loan Parties or any Subsidiary of such Loan
Parties in respect of Qualified Capital Stock (“Refunding Capital Stock”) and (ii) declare and pay dividends on the Treasury Capital Stock out of the proceeds of the substantially concurrent sale (other than to such Loan Party
or a Subsidiary of such Loan Party) of the Refunding Capital Stock; 
 (ix)    to the extent constituting a Restricted
Payment, the Loan Parties may consummate any transaction permitted by Section 7.06 (other than Sections 7.06(j) and 7.06(t)), Section 7.07 (other than Section 7.07(g)) and
Section 7.09 (other than Section 7.09(d)); 
 (x)    [reserved]; 

(xi)    the Loan Parties may pay any dividend or consummate any redemption within 60 days after the date of the
declaration thereof or the provision of a redemption notice with respect thereto, as the case may be, if at the date of such declaration or notice, the dividend or redemption notice would have complied with the provisions hereof; 

(xii)    the Loan Parties or any Subsidiary may make additional Restricted Payments; provided that after giving
Pro Forma Effect thereto, (A) the Total Net Leverage Ratio (calculated on a Pro Forma Basis) is not greater than 3.50:1.00 as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to
Section 6.01(b) or (c), as applicable, on or prior to the making of such Restricted Payment and (B) no Event of Default shall have occurred and be continuing at the time of the declaration thereof; and 

(xiii)    the Loan Parties or any Subsidiary may make additional Restricted Payments in an aggregate amount not to exceed
€20,000,000 per annum; provided that no Event of Default shall have occurred and be continuing at the time of the declaration thereof. 

(b)    No Loan Party shall, nor shall they permit any Subsidiary to, make any payment in Cash, securities or other
property on or in respect of principal of or interest on any Junior Indebtedness (such Indebtedness, the “Restricted Debt”), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any Restricted Debt (collectively, “Restricted Debt Payments”), except: 

(i)    the purchase, defeasance, redemption, repurchase, repayment or other acquisition or retirement of any Restricted
Debt made by exchange for, or out of the proceeds of the substantially concurrent incurrence of, Refinancing Indebtedness permitted by Section 7.01(o); 

(ii)    payments as part of an “applicable high yield discount obligation”
catch-up payment; 
 (iii)    payments of regularly scheduled interest and
payments of fees, expenses and indemnification obligations as and when due in respect of any Restricted Debt (other than payments with respect to Subordinated Indebtedness prohibited by the subordination provisions thereof); 

(iv)    payments with respect to intercompany Indebtedness permitted under Section 7.01,
subject to the subordination provisions applicable thereto; 
 (v)    (A) Restricted Debt Payments in exchange for, or
with proceeds of any issuance of Capital Stock of any Parent Company or Qualified Capital Stock of any Borrower or any Subsidiary, and/or any capital contribution in respect of Qualified Capital Stock of any Loan Party or any Subsidiary,
(B) Restricted Debt Payments as a result of the conversion of all or any portion of Restricted Debt into Qualified Capital Stock of any Parent Company, any Borrower or any Subsidiary and (C) to the extent constituting a Restricted Debt
Payment, payment-in-kind interest with respect to any Restricted Debt that is permitted under Section 7.01; 

  
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 (vi)    Restricted Debt Payments in an aggregate amount not to exceed the
portion, if any, of the Available Amount on such date that any Borrower elects to apply to this clause (vi); provided that (x) no Default or Event of Default shall have occurred and be continuing either before or after giving
effect to such Restricted Debt Payment and (y) with respect to amounts utilized pursuant to clauses (a)(i) and (ii) of the definition of “Available Amount”, after giving Pro Forma Effect thereto, the Total Net
Leverage Ratio (calculated on a Pro Forma Basis) is not greater than 5.00:1.00 as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as
applicable, on or prior to the making of such Restricted Debt Payment; 
 (vii)    [reserved]; and 

(viii)    additional Restricted Debt Payments to repay Junior Indebtedness or Subordinated Indebtedness in an aggregate
amount not to exceed €20,000,000 per annum. 
 Section 7.05    Restrictions on Subsidiary
Distributions. Except as provided herein or in any other Loan Document, no Loan Party shall, nor shall it permit any of its Subsidiaries to, enter into or cause to exist any agreement restricting the payment of dividends or other distributions
or the making of Cash loans or advances by any Subsidiary to any Borrower or any other Loan Party that is a Subsidiary of any Borrower, except: 

(a)    in any agreement evidencing (x) Indebtedness of a Subsidiary that is not a Loan Party permitted by
Section 7.01, (y) Indebtedness permitted by Section 7.01 that is secured by a Permitted Lien if such encumbrance or restriction applies only to the Person obligated under such Indebtedness and its
Subsidiaries or the property or assets intended to secure such Indebtedness and (z) Indebtedness permitted pursuant to clauses (l), (o) (as it relates to Indebtedness in respect of clauses (a), (p), (s),
(u) and (x) of Section 7.01), (p), (s), (u) and (x) of Section 7.01; 

(b)    by reason of customary provisions restricting assignments, subletting or other transfers contained in leases,
subleases, licenses, sublicenses, joint venture agreements and similar agreements entered into in the ordinary course of business; 

(c)    that are or were created by virtue of any Lien granted upon, transfer of, agreement to transfer or grant of, any
option or right with respect to any property, assets or Capital Stock not otherwise prohibited under this Agreement; 

(d)    assumed in connection with an acquisition of property or the Capital Stock of any Person, so long as such
encumbrance or restriction relates solely to the Person and its Subsidiaries (including the Capital Stock of such Person) and/or property so acquired and was not created in connection with or in anticipation of such acquisition; 

(e)    in any agreement for the Disposition of a Subsidiary (or all or substantially all of the property and/or assets
thereof) that restricts the payment of dividends or other distributions or the making of loans or advances by that Subsidiary pending such Disposition; 

(f)    in provisions in agreements or instruments which prohibit the payment of dividends or the making of other
distributions with respect to any class of Capital Stock of a Person other than on a pro rata basis; 
 (g)    imposed
by customary provisions in partnership agreements, limited liability company organizational governance documents, joint venture agreements and other similar agreements that restrict the transfer of ownership interests in such partnership, limited
liability company, joint venture or similar Person; 
 (h)    on Cash or other deposits imposed by Persons under
contracts entered into in the ordinary course of business or for whose benefit such Cash or other deposits exist; 

(i)    set forth in documents which exist on the Closing Date and listed on Schedule 7.05; 

  
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 (j)    customary net worth or similar provisions contained in leases,
contracts or other documents entered into by the Borrowers or any Subsidiary so long as the Borrowers or such Subsidiary has determined in good faith that such net worth or similar provisions could not reasonably be expected to impair the ability of
the Borrowers or such Subsidiary to meet its ongoing obligations; 
 (k)    (A) those arising under or as a result of
applicable law, rule, regulation or order or the terms of any license, authorization, concession or permit and (B) those arising in any Hedge Agreement or any agreement relating to any Cash Management Obligation or obligations of the type set
forth in Section 7.01(e); and 
 (l)    restrictions of the types referred to in the first paragraph of this
Section 7.05 above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses
(a) through (k) above; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Borrower Representative, no
more restrictive with respect to such restrictions taken as a whole than those in existence prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

Section 7.06    Investments. No Loan Party shall, nor shall it permit any of its Subsidiaries to, make or own
any Investment in any other Person except: 
 (a)    Cash or Investments that were Cash Equivalents at the time made;

 (b)    (i) Investments existing on the Closing Date in any Borrower or any Subsidiary, and (ii) Investments made
after the Closing Date among any Parent Company, the Borrowers or any Subsidiaries thereof; provided that the aggregate outstanding amount of Investments by Loan Parties in Subsidiaries that are not Loan Parties pursuant to this Section
7.06(b) shall not exceed (i) the greater of (1) €100,000,000 and (2) 8.00% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been
delivered pursuant to Section 6.01(b) or (c), as applicable, minus (ii) the amount of Indebtedness incurred by Subsidiaries that are not Loan Parties in reliance on Sections 7.01(h), 7.01(i), 7.01(p)
and 7.01(v); 
 (c)    Investments (i) constituting deposits, prepayments and other credits to suppliers,
and (ii) made in connection with obtaining, maintaining or renewing client and customer contracts and (iii) in the form of advances made to distributors, suppliers, licensors and licensees, in each case, in the ordinary course of business
or, in the case of clause (iii), to the extent necessary to maintain the ordinary course of supplies to any Borrower or any Subsidiary; 

(d)    [reserved]; 

(e)    Permitted Acquisitions; 

(f)    Investments existing on, or contractually committed to as of, the Closing Date and described on Schedule
7.06 or consisting of intercompany Investments outstanding on the Closing Date and any modification, replacement, renewal or extension thereof so long as such modification, renewal or extension thereof does not increase the amount of such
Investment except by the terms thereof or as otherwise permitted by this Section 7.06; 

(g)    Investments received in lieu of Cash in connection with any Disposition permitted by
Section 7.07; 
 (h)    loans or advances to present or former employees, directors, members
of management, officers, managers or consultants, independent contractors or other service providers (or their respective Immediate Family Members) of any Parent Company, any Borrower or its Subsidiaries to the extent permitted by Requirements of
Law, in connection with such Person’s purchase of Capital Stock of any Parent Company or Subsidiary, (i) in an aggregate principal amount not to exceed €10,000,000 at any one time outstanding or (ii) so long as the proceeds of
such Capital Stock are substantially contemporaneously contributed to such Borrower or such Subsidiary; 

  
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 (i)    Investments consisting of extensions of credit in the nature of
accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business; 

(j)    Investments consisting of Indebtedness permitted under Section 7.01 (other than
Indebtedness permitted under Sections 7.01(b) and (g)), Permitted Liens, Restricted Payments permitted under Section 7.04 (other than Section 7.04(a)(ix)), Restricted Debt Payments permitted by
Section 7.04 and mergers, consolidations, amalgamations, liquidations, winding up, dissolutions or Dispositions permitted by Section 7.07 (other than Section 7.07(a) (if made in reliance on
clause (ii)(y)), Section 7.07(b) (if made in reliance on clause (ii)), Section 7.07(c)(i) (if made in reliance on the proviso therein), Section 7.07(c)(ii) and Section 7.07(g)); 

(k)    Investments in the ordinary course of business consisting of endorsements for collection or deposit and customary
trade arrangements with customers; 
 (l)    Investments (including debt obligations and Capital Stock) received
(i) in connection with the bankruptcy or reorganization of any Person, (ii) in settlement of delinquent obligations of, or other disputes with, customers, suppliers and other account debtors arising in the ordinary course of business,
(iii) upon foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment and/or (iv) as a result of the settlement, compromise, resolution of litigation, arbitration or other disputes;

 (m)    loans and advances of payroll payments or other compensation to present or former employees, directors,
members of management, officers, managers or consultants of any Parent Company (to the extent such payments or other compensation relate to services provided to such Parent Company (but excluding, for the avoidance of doubt, the portion of any such
amounts, if any, attributable to the ownership or operation of any subsidiary of any Parent Company other than Parent and/or its subsidiaries)) or any Loan Party in the ordinary course of business; 

(n)    Investments to the extent that payment for such Investments is made solely with Capital Stock of any Parent Company
or Qualified Capital Stock of any Parent Company, in each case, to the extent not resulting in a Change of Control; 

(o)    (i) Investments of a Subsidiary acquired after the Closing Date, or of any Person acquired by, or merged into or
consolidated or amalgamated with, any Borrower or any Subsidiary after the Closing Date, in each case pursuant to an Investment otherwise permitted by this Section 7.06 after the Closing Date to the extent that such
Investments of such Person were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation and (ii) any
modification, replacement, renewal or extension of any Investment permitted under clause (i) of this Section 7.06(o) so long as any such modification, replacement, renewal or extension thereof does not increase the amount of such
Investment except as otherwise permitted by this Section 7.06; 
 (p)    [reserved]; 

(q)    Investments made after the Closing Date by each Borrower and/or any of its Subsidiaries in an aggregate amount at
any time outstanding not to exceed (i) the greater of (A) €100,000,000 and (B) 8.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have
been delivered pursuant to Section 6.01(b) or (c), as applicable, plus (ii) in the event that (A) any Loan Party makes any Investment after the Closing Date in any Person that is not a Subsidiary and (B) such
Person subsequently becomes a Subsidiary, an amount equal to 100.0% of the fair market value of such Investment as of the date on which such Person becomes a Subsidiary; 

(r)    Investments made after the Closing Date by the Borrowers and any Subsidiary in an aggregate outstanding amount not
to exceed the portion, if any, of the Available Amount on such date that the Borrower Representative elects to apply to this Section 7.06(r); provided that, with respect to amounts utilized

  
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pursuant to clauses (a)(i) and (ii) of the definition of “Available Amount,” (i) no Default or Event of Default has occurred and is continuing and (ii) after
giving Pro Forma Effect thereto, the Total Net Leverage Ratio (calculated on a Pro Forma Basis) is not greater than 5.00:1.00 as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to
Section 6.01(b) or (c), as applicable, on or prior to the making of such Restricted Payment; 
 (s)    (i)
Guarantees of leases (other than Capital Leases) or of other obligations not constituting Indebtedness and (ii) Guarantees of the lease obligations of suppliers, customers, franchisees and licensees of any Borrower and any Subsidiaries, in each
case in the ordinary course of business; 
 (t)    Investments in any Parent Company in amounts and for purposes for
which Restricted Payments to Parent are permitted under Section 7.04(a); provided that any such Investments made as provided above in lieu of such Restricted Payments shall reduce availability under the applicable Restricted Payment
basket under Section 7.04(a); 
 (u)    Investments made by any Subsidiary that is not a Loan Party to the extent
such Investments are made with the proceeds received by such Subsidiary from an Investment made by a Loan Party in such Subsidiary pursuant to this Section 7.06; 

(v)    Investments under any Derivative Transactions permitted to be entered into under
Section 7.01; 
 (w)    Investments in any subsidiary in connection with reorganizations and
related activities related to tax planning; provided that, after giving effect to any such reorganization and related activities, the security interest of the Collateral Trustee in the Collateral, taken as a whole, is not materially impaired
or after giving effect to such Investment, the Borrowers and their Subsidiaries shall otherwise be in compliance with Section 6.13; 

(x)    Investments in joint ventures, or in a Subsidiary to enable such Subsidiary to make Investments in joint ventures,
in an aggregate outstanding amount not to exceed the greater of (i) €75,000,000 and (ii) 6.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements
have been delivered pursuant to Section 6.01(b) or (c), as applicable; 
 (y)    unfunded pension fund and
other employee benefit plan obligations and liabilities to the extent that they are permitted to remain unfunded under applicable law; 

(z)    Investments in a Securitization Subsidiary made in connection with a Permitted Securitization; 

(aa)    additional Investments in an aggregate outstanding amount not to exceed the greater of (i) €50,000,000 and
(ii) 4.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable; 

(bb)    Investments consisting of the licensing or contribution of IP Rights pursuant to joint marketing arrangements with
other Persons; 
 (cc)    any Borrower or any Subsidiary may make additional Investments; provided that after
giving Pro Forma Effect thereto, (i) the Total Net Leverage Ratio (calculated on a Pro Forma Basis) is not greater than 4.35:1.00 as of the last day of the most recently ended Test Period for which financial statements have been delivered
pursuant to Section 6.01(b) or (c), as applicable, on or prior to the making of such Restricted Payment and (ii) no Default or Event of Default shall have occurred and be continuing; and 

(dd)    Investments in securities of trade creditors or customers in the ordinary course of business and consistent with
past practices that are received in settlement of bona fide disputes or pursuant to any plan of reorganization or liquidation or similar arrangement upon the bankruptcy or insolvency of such trade creditors or customers. 

  
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 Section 7.07    Fundamental Changes; Disposition of Assets. No
Loan Party shall, nor shall it permit any of its Subsidiaries to, enter into any transaction of merger or consolidation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or make any Disposition having a fair
market value in excess of €10,000,000, in a single transaction or in a related series of transactions, except: 

(a)    (i) Each Borrower may be merged, consolidated or amalgamated with or into any Person, or convey, sell, transfer or
otherwise dispose of all or substantially all of its business, assets or property to another Person; provided that such Borrower shall be the continuing or surviving Person and (ii) any Subsidiary of any Borrower may be merged or
consolidated or amalgamated with or into, or convey, sell, transfer or otherwise dispose of all or substantially all of its business, assets or property to, such Borrower or any other Subsidiary of Parent; provided that (x) in the case
of such a transaction involving any Borrower, such Borrower shall be the continuing or surviving Person, (y) in the case of such a transaction involving any Guarantor (other than any Borrower), either (A) a Guarantor shall be the
continuing or surviving Person or the continuing or surviving Person shall expressly assume all of the obligations of such Guarantor under this Agreement and the other Loan Documents to which such Guarantor is a part of pursuant to a supplement
hereto or thereto reasonably satisfactory to the Administrative Agent or (B) such transaction shall be treated as an Investment and shall comply with Section 7.06, and (z) in the case of such a transaction
involving a Subsidiary, either (A) a Subsidiary shall be the continuing or surviving Person or (B) such transaction shall be treated as an Investment and shall comply with Section 7.06 (other than in reliance on
Section 7.06(j)); 
 (b)    Dispositions (including of Capital Stock) among any Parent Company, the Borrowers,
and their respective Subsidiaries (upon voluntary liquidation or otherwise); provided that any such Disposition by a Loan Party to a Person that is not a Loan Party shall be (i) for fair market value (as reasonably determined by such
Person) and at least 75.0% of the consideration for such Disposition consists of Cash or Cash Equivalents at the time of such Disposition or (ii) treated as an Investment and otherwise made in compliance with
Section 7.06 (other than in reliance on Section 7.06(j)); 
 (c)    (i) the liquidation
or dissolution of any Subsidiary or change in form of entity of any Subsidiary if the Borrower Representative determines in good faith that such liquidation, dissolution or change in form (x) is in the best interests of the Borrowers and
(y) is not materially disadvantageous to the Lenders and, in the case of a liquidation or dissolution of any Subsidiary either any Borrower or any Subsidiary receives any assets of such dissolved or liquidated Subsidiary; provided that
in the case of a dissolution or liquidation of a Loan Party that results in a distribution of assets to a Subsidiary that is not a Loan Party, such distribution shall be treated as an Investment and shall comply with
Section 7.06 (other than Section 7.06(j)) and (ii) any merger, amalgamation, dissolution, liquidation or consolidation, the purpose of which is to effect (A) a Disposition otherwise permitted under this
Section 7.07 (other than Section 7.07(a), (b) or (c)) or (B) an Investment permitted under Section 7.06 (other than in reliance on Section 7.06(j));
provided, further, in the case of a change in the form of entity of any Subsidiary that is a Loan Party, the security interests in the Collateral of such Loan Party shall remain in full force and effect and perfected to the same extent
as prior to such change; 
 (d)    (x) Dispositions of inventory or equipment in the ordinary course of business
(including on an intercompany basis) and (y) the leasing or subleasing of real property in the ordinary course of business; 

(e)    Dispositions of (x) surplus, obsolete, used or worn out property or other property that, in the reasonable
judgment of the Borrower Representative, is (A) no longer useful in its business (or in the business of any of its Subsidiaries) or (B) otherwise economically impracticable to maintain and (y) any assets acquired in connection with
the acquisition of another Person or a division or line of business of such Person which the Borrower Representative reasonably determines are surplus assets; 

(f)    Dispositions of Cash Equivalents or other assets that were Cash Equivalents when the original Investment was made
(in each case, for the fair market value thereof); 

  
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 (g)    Dispositions, mergers, amalgamations, consolidations or conveyances
that constitute Investments permitted pursuant to Section 7.06 (other than Section 7.06(j)), Permitted Liens, Restricted Payments permitted by Section 7.04(a) (other than Section 7.04(a)(ix)) and
Sale and Lease-Back Transactions permitted by Section 7.08; 
 (h)    Dispositions for fair
market value; provided that with respect to any such Disposition with a purchase price in an aggregate amount in excess of the greater of (i) €20,000,000 and (ii) 1.5% of Consolidated Total Assets of Parent and its Subsidiaries, as of
the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, at least 75.0% of the consideration for such Disposition shall consist of Cash or
Cash Equivalents (provided that for purposes of the 75.0% Cash consideration requirement (w) the amount of any Indebtedness or other liabilities (other than Indebtedness or other liabilities that are subordinated to the Obligations or
that are owed to any Borrower or any Subsidiary) of any Borrower or any applicable Subsidiary (as shown on such Person’s most recent balance sheet or in the notes thereto) that are assumed by the transferee of any such assets and for which such
Borrower and such Subsidiary shall have been validly released by all relevant creditors in writing, (x) the amount of any trade-in value applied to the purchase price of any replacement assets acquired in
connection with such Disposition, (y) any Securities received by any Borrower or any Subsidiary from such transferee that are converted by such Person into Cash or Cash Equivalents (to the extent of the Cash or Cash Equivalents received) within
180 days following the closing of the applicable Disposition and (z) any Designated Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value, taken together
with all other Designated Non-Cash Consideration received pursuant to this clause (z) that is at that time outstanding, not in excess of the greater of (i) €25,000,000 and (ii) 2.0% of
Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable, in each case,
shall be deemed to be Cash); provided, further, that (i) immediately prior to and after giving effect to such Disposition, no Event of Default shall have occurred that is continuing on the date on which the agreement governing
such Disposition is executed and (ii) the Net Proceeds of such Disposition shall be applied and/or reinvested as (and to the extent) required by Section 2.05(b)(ii); 

(i)    to the extent that (i) the relevant property is exchanged for credit against the purchase price of similar
replacement property or (ii) the proceeds of the relevant Disposition are promptly applied to the purchase price of such replacement property; 

(j)    Dispositions of Investments in joint ventures or any Subsidiary that is not a Wholly-Owned Subsidiary to the extent
required by, or made pursuant to, buy/sell arrangements between the joint venture or similar parties set forth in joint venture arrangements and similar binding arrangements; 

(k)    Dispositions, discounting or forgiveness of accounts receivable in the ordinary course of business or in connection
with the collection or compromise thereof; 
 (l)    Dispositions and/or terminations of leases, subleases, licenses or
sublicenses (including the provision of software under an open source license), which (i) do not materially interfere with the business of any Borrower and any Subsidiaries or (ii) relate to closed branches or manufacturing facilities or
the discontinuation of any product or service line; 
 (m)    (i) termination of leases in the ordinary course of
business, (ii) the expiration of any option agreement in respect of real or personal property and (iii) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or other litigation claims
(including in tort) in the ordinary course of business; 
 (n)    Dispositions of property subject to casualty,
foreclosure, eminent domain or condemnation proceedings (including in lieu thereof or any similar proceeding); 

(o)    Disposition or consignment, license, sublicense, conveyance of equipment, inventory or other assets (including fee
and leasehold interests in real property) with respect to facilities that are temporarily not in use, held for sale or closed; provided that the Net Proceeds of any such Disposition of fee owned Real Estate Assets shall be applied and/or
reinvested as (and to the extent) required by Section 2.05(b)(ii) (with any Net Proceeds of Term Loan Priority Collateral to be held in a Term Proceeds Account pending application for such purpose if any Default then exists); 

  
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 (p)    [reserved]; 

(q)    Dispositions of non-core assets acquired in connection with an acquisition
permitted hereunder and sales of Real Estate Assets acquired in an acquisition permitted hereunder which, within 90 days of the date of the acquisition, are designated in writing to the Administrative Agent as being held for sale and not for the
continued operation of any Borrower or any of its Subsidiaries or any of their respective businesses; provided that (i) the Net Proceeds received in connection with any such Dispositions shall be applied and/or reinvested as (and to the
extent) required by Section 2.05(b)(ii) and (ii) no Event of Default shall have occurred and be continuing on the date on which the definitive agreement governing the relevant Disposition is executed; 

(r)    exchanges or swaps, including transactions covered by Section 1031 of the Code (or any comparable provision of
any foreign jurisdiction), of property or assets so long as the exchange or swap is made for fair value (as reasonably determined by the Borrower Representative) for like property or assets; provided that (i) within 90 days of any such
exchange or swap, in the case of any Loan Party and to the extent such property does not constitute “Excluded Property” (as defined in the Security Agreement), the Collateral Trustee has a perfected Lien having the same priority as any
Lien held on the Real Estate Assets so exchanged or swapped and (ii) any Net Proceeds received as “cash boot” in connection with any such transaction shall be applied and/or reinvested as (and to the extent) required by
Section 2.05 (b)(ii); 
 (s)    other Dispositions for fair market value in an aggregate
amount since the Closing Date of not more than the greater of €50,000,000 and 4.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most recently ended Test Period for which financial statements have been
delivered pursuant to Section 6.01(b) or (c), as applicable; 
 (t)    (i) Dispositions, licensing,
sublicensing and cross-licensing arrangements involving any IP Rights of any Borrower or any Subsidiary in the ordinary course of business, and (ii) the Disposition, abandonment, cancellation or lapse of IP Rights, or any issuances or
registrations, or applications for issuances or registrations, of any IP Rights, which, in the reasonable good faith determination of such Borrower are not material to the conduct of the business of such Borrower and/or its Subsidiaries, or are no
longer economical to maintain in light of its use; 
 (u)    terminations of Derivative Transactions; 

(v)    Dispositions of Capital Stock of, or sale of Indebtedness or other Securities of, Unrestricted Subsidiaries; 

(w)    Dispositions of Real Estate Assets and related assets in the ordinary course of business in connection with
relocation activities for directors, officers, employees, members of management, managers or consultants of any Parent Company, any Borrower or any Subsidiary; 

(x)    Dispositions of U.S. RPA Assets pursuant to the U.S. Receivables Purchase Facility; 

(y)    Dispositions of assets in connection with the closing or sale of an office in the ordinary course of business of
the Borrowers and the Subsidiaries, which consist of leasehold interests in the premises of such office, the equipment and fixtures located at such premises and the books and records relating exclusively and directly to the operations of such
office; provided that as to each and all such sales and closings, (i) on the date on which the agreement governing such Disposition is executed, no Event of Default shall result and (ii) such sale shall be on commercially reasonable
prices and terms in a bona fide arm’s-length transaction; 
 (z)    the
sale of motor vehicles and information technology equipment purchased at the end of an operating lease and resold thereafter; 

  
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 (aa)    Dispositions of letters of credit and/or bank guarantees (and/or the
rights thereunder) to banks or other financial institutions in the ordinary course of business in exchange for Cash and/or Cash Equivalents; and 

(bb)    so long as a Borrower or a Subsidiary of a Borrower receives at least Fair Market Value therefor (taking into
account any Securitization Seller’s Retained Interest), any sale of Securitization Assets in connection with a Permitted Securitization or sale of Factoring Assets in connection with a Permitted Factoring Arrangement. 

To the extent any Collateral is Disposed of as expressly permitted by this Section 7.07 to any Person other than a
Loan Party, such Collateral shall automatically be sold free and clear of the Liens created by the Loan Documents, and the Collateral Trustee shall be authorized to take, and shall take, any actions deemed appropriate in order to effect the
foregoing, in each case in accordance with the Intercreditor Agreement. 
 Section 7.08    Sales and
Lease-Backs. Each Borrower shall not, nor shall it permit any of its Subsidiaries or any other Loan Parties to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property
(whether real, personal or mixed), whether now owned or hereafter acquired, which the Borrowers or such Subsidiary (a) has sold or transferred or is to sell or to transfer to any other Person (other than the Borrowers or any of its
Subsidiaries) and (b) intends to use for substantially the same purpose as the property which has been or is to be sold or transferred by the Borrowers or Subsidiary to any Person (other than any Borrower or any of a Borrower’s
Subsidiaries) in connection with such lease (such a transaction described herein, a “Sale and Lease-Back Transaction”); provided that any Sale and Lease-Back Transaction shall be permitted so long as such Sale and Lease-Back
Transaction is either (A) permitted by Section 7.01(l) (or which otherwise constitutes a Capital Lease or purchase money Indebtedness permitted by Section 7.01), (B) described on Schedule 7.08 hereto or
(C)(1) made for Cash consideration, (2) the Borrowers or the applicable Subsidiary would otherwise be permitted to enter into, and remain liable under, the applicable underlying lease and (3) the aggregate fair market value of the assets
sold subject to all Sale and Lease-Back Transactions under this clause (C) shall not exceed the greater of (i) €50,000,000 and (ii) 4.0% of Consolidated Total Assets of Parent and its Subsidiaries, as of the last day of the most
recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01(b) or (c), as applicable; provided, further, that the Net Proceeds of a Disposition of Term Loan Priority Collateral
pursuant to this Section 7.08 shall be held in a Term Proceeds Account pending application by each Borrower and/or any of its Subsidiaries for a purpose not prohibited by this Agreement if any Default or Event of Default
then exists. 
 Section 7.09    Transactions with Affiliates. Each Loan Party shall not, nor shall it permit
any of its Subsidiaries to enter into any transaction or series of transactions (including the purchase, sale, lease or exchange of any property or the rendering of any service) involving, pursuant to any such transaction, payments in excess of
€5,000,000 in any Fiscal Year with any of their Affiliates on terms that are less favorable to the Borrowers or such Subsidiary, as the case may be (as reasonably determined by the Borrower Representative), than those that might be obtained at
the time in a comparable arm’s-length transaction from a Person who is not an Affiliate; provided that the foregoing restriction shall not apply to: 

(a)    any transaction between or among each Borrower and/or one or more Subsidiaries (or any entity that becomes a
Subsidiary as a result of such transaction) to the extent permitted or not restricted by this Agreement; 
 (b)    any
issuance, sale or grant of securities or other payments, awards or grants in Cash, securities or otherwise pursuant to, or the funding of employment arrangements, stock options and stock ownership plans approved by the board of directors (or
equivalent governing body) of any Parent Company or of the Borrowers or any Subsidiary; 
 (c)    (i) any collective
bargaining agreements, employment agreements or arrangements, severance agreements or compensatory (including profit sharing) arrangements entered into by any Borrower or any of its Subsidiaries with their respective current or former officers,
directors, members of management, managers, employees, consultants or independent contractors or those of any Parent Company, (ii) any subscription agreement or similar agreement pertaining to the repurchase of Capital Stock pursuant to
put/call rights or similar rights with 

  
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current or former officers, directors, members of management, managers, employees, consultants or independent contractors and (iii) transactions pursuant to any employee compensation
arrangement, benefit plan, stock option plan or arrangement, any health, disability or similar insurance plan which covers current or former officers, directors, members of management, employees, consultants or independent contractors; 

(d)    (i) transactions permitted by Sections 7.01(c), (n), (z) and (cc), 7.04 and
7.06(h), (m), (o), (v), (w), (x), (y), and (z) and (ii) issuances of Capital Stock and debt securities not restricted by this Agreement; 

(e)    [reserved]; 

(f)    the payment or accrual of advisory, management and monitoring fees to the Sponsor in an aggregate amount in any
fiscal year not to exceed €1,000,000 (which accrued amounts may be paid at any time subject to the proviso below), and related indemnities and reasonable costs and expenses; provided that, upon the occurrence and during the continuance
of an Event of Default, such advisory, management and monitoring fees may accrue, but not be payable in cash during such period, but all such accrued amounts (plus accrued interest, if any, with respect thereto) may be payable in cash upon
the cure or waiver of such Event of Default (it being understood and agreed that indemnities and expenses may be paid during the continuance of any Event of Default). 

(g)    the Transactions, including the payment of Transaction Costs; 

(h)    customary compensation to Affiliates in connection with any financial advisory, financing, underwriting or
placement services or in respect of other investment banking activities and other transaction fees, which payments are approved by the majority of the members of the board of directors (or similar governing body) or a majority of the disinterested
members of the board of directors (or similar governing body) of such Borrower in good faith; 
 (i)    Guarantees
permitted by Section 7.01 or Section 7.06; 
 (j)    loans and other
transactions to the extent permitted under this Article VII; 
 (k)    the payment of customary fees, reasonable
out of pocket costs to and indemnities provided on behalf of, current or former members of the board of directors (or similar governing body), officers, employees, members of management, managers, consultants and independent contractors of each
Borrower and its Subsidiaries in the ordinary course of business and, in the case of payments to such Person in such capacity on behalf of any Parent Company, to the extent attributable to the operations of each Borrower and its Subsidiaries; 

(l)    transactions with customers, clients, suppliers or joint ventures purchasers, sellers of goods or services or
providers of employees or other labor entered into in the ordinary course of business, which are fair to each Borrower and/or its applicable Subsidiary in the good faith determination of the board of directors (or similar governing body) of each
Borrower or the senior management thereof, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party; 

(m)    the payment of reasonable
out-of-pocket costs and expenses related to registration rights and customary indemnities provided to shareholders under any shareholder agreement; 

(n)    (i) any purchase by Parent of the Capital Stock of (or contribution to the equity capital of) any Borrower and
(ii) the making of any intercompany loans by Parent to each Borrower or any Subsidiary; 
 (o)    any transaction
in respect of which a Borrower delivers to the Administrative Agent a letter addressed to the board of directors (or equivalent governing body) of such Borrower from an independent certified accounting, appraisal or investment banking firm of
internationally recognized standing stating that such transaction is on terms that are no less favorable to the Borrowers or the applicable Subsidiary than might be obtained at the time in a comparable arm’s length transaction from a Person who
is not an Affiliate; 

  
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 (p)    any issuance, sale or grant of securities or other payments, awards or
grants in Cash, securities or otherwise pursuant to, or the funding of employment arrangements, stock options and stock ownership plans approved by a majority of the members of the board of directors (or similar governing body) or a majority of the
disinterested members of the board of directors (or similar governing body) of the Borrowers in good faith; 

(q)    transactions related to Permitted Securitizations; and 

(r)    the sale or other disposition of a nominal amount of Equity Interests in a
Non-U.S. Subsidiary in order to qualify members of the board of directors or equivalent governing body of such Non-U.S. Subsidiary to the extent required by applicable
law. 
 Section 7.10    Conduct of Business. From and after the Closing Date, each Loan Party shall not, nor
shall it permit any of its Subsidiaries to, engage in any material line of business other than the businesses engaged in by each Borrower or its Subsidiaries on the Closing Date and similar, complementary, ancillary or related businesses. 

Section 7.11    Amendments or Waivers of Organizational Documents. Each Loan Party shall not, nor shall it
permit any of its Subsidiaries to, amend or modify, in each case in a manner that is materially adverse to the Lenders (in their capacities as such) such Person’s Organizational Documents without obtaining the prior written consent of the
Administrative Agent; provided that, for purposes of clarity, it is understood and agreed that any Borrower and any of a Borrower’s Subsidiaries may effect a change to their respective organizational forms to the extent permitted under
Section 7.07. 
 Section 7.12    Amendments of or Waivers with Respect to Restricted
Debt. Each Loan Party shall not, nor shall it permit any of its Subsidiaries to, amend or otherwise change the terms of any Restricted Debt (or the documentation governing the foregoing) or the Senior Notes if the effect of such amendment or
change, together with all other amendments or changes made, is materially adverse to the interests of the Lenders (in their capacities as such); provided that, for purposes of clarity, it is understood and agreed that the foregoing limitation
shall not otherwise prohibit any Refinancing Indebtedness or any other replacement, refinancing, amendment, supplement, modification, extension, renewal, restatement or refunding of any Restricted Debt or the Senior Notes, in each case, that is
permitted under Section 7.01 in respect thereof. 
 Section 7.13    Fiscal Year.
The Parent shall not change its Fiscal Year-end. 

Section 7.14    Change of COMI. No Loan Party subject to the European Insolvency Regulation shall knowingly,
without the prior written consent of the Administrative Agent, change its centre of main interest (as that term is used in Article 3(1) of the European Insolvency Regulation) unless, upon having unknowingly changed its centre of main interest, it
promptly changes its centre of main interest back to its previous centre of main interest. 

Section 7.15    Permitted Activities. No Parent Company shall (a) incur any Indebtedness for borrowed
money other than (i) the Indebtedness under the Loan Documents, (ii) Guarantees of Indebtedness of any Borrower and a Borrower’s Subsidiaries permitted hereunder, and (iii) Qualified Holding Company Debt; (b) create or
suffer to exist any Lien upon any property or assets now owned or hereafter acquired by it other than (i) the Liens created under the Collateral Documents, (ii) any other Lien created in connection with the Transactions,
(iii) Permitted Liens on the Collateral that are secured on a pari passu or junior basis or junior thereto with the Secured Obligations, so long as such Permitted Liens secure Guarantees permitted under clause (a)(iii) of this
Section 7.15(a) and the underlying Indebtedness subject to such Guarantee is permitted to be secured on the same basis pursuant to Section 7.01 and (iv) Liens of the type permitted under
Section 7.02 (other than in respect of debt for borrowed money); (c) engage in any business activity or own any material assets other than (i) holding, directly or indirectly, the Capital Stock of the Borrowers and,
indirectly, any other subsidiary of the Borrowers; (ii) performing its obligations under the Loan Documents, the Senior Notes and other Indebtedness, Liens (including the granting of Liens) and Guarantees permitted under clause (a)(ii) of this
Section 7.15(a); (iii) issuing its own Capital Stock (including, for the avoidance of doubt, the making of any dividend or distribution on account of, or any redemption, retirement, sinking fund or similar payment, purchase or other
acquisition for value of, any shares of any class of Capital Stock); (iv) filing Tax reports and paying Taxes and other customary obligations related thereto in the 

  
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ordinary course (and contesting any Taxes); (v) preparing reports to Governmental Authorities and to its shareholders; (vi) holding director and shareholder meetings, preparing
organizational records and other organizational activities required to maintain its separate organizational structure or to comply with applicable Requirements of Law; (vii) effecting an IPO and/or any transaction in connection therewith;
(viii) holding Cash and other assets received in connection with Restricted Payments received from, or Investments made by each Borrower and its subsidiaries or contributions to the capital of, or proceeds from the issuance of, Capital Stock of
Parent, in each case, pending the application thereof; (ix) providing indemnification for its current or former officers, directors, members of management, managers, employees and advisors or consultants; (x) participating in tax,
accounting and other administrative matters; (xi) making Investments contemplated by the Transactions and transactions with respect to any Parent Company that are otherwise specifically permitted or expressly contemplated by Article VII;
(xii) complying with applicable Requirements of Law (including with respect to the maintenance of its existence) and activities incidental to the foregoing; (xiii) performing activities incidental to any of the foregoing and
(xiv) providing a performance guaranty that constitutes a Standard Securitization Undertaking in connection with a Permitted Securitization; or (d) consolidate or amalgamate with, or merge with or into, any Person. 

Section 7.16    Financial Covenant. Except with the written consent of the Required Revolving Lenders, Parent
shall not permit the First Lien Net Leverage Ratio (a) as of the last day of any Test Period ending on or prior to September 30, 2017 (commencing with the Test Period ending March 30, 2015) to exceed 5.55:1.00 and (b) as of the
last day of any Test Period ending on December 31, 2017 or thereafter to exceed 5.00:1.00; provided that the provisions of this Section 7.16 shall not be applicable to any such Test Period if, on the last day of
such Test Period, the aggregate principal amount of Revolving Credit Loans (excluding (1) loans to fund OID, (2) bank guarantees, (3) Letters of Credit and (4) any Ancillary Facility) is equal to or less than 32.5% of the
Revolving Credit Commitments. 
 ARTICLE VIII. 

Events of Default and Remedies 

Section 8.01    Events of Default. Any of the following shall constitute an “Event of
Default”: 
 (a)    Failure To Make Payments When Due. Failure by any Borrower to pay (i) when due
any principal of any Loan, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee or any other amount due hereunder within five Business
Days after the date due; or 
 (b)    Default in Other Agreements. (i) Failure of any Loan Party or any of
its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in clause (a) above) with an aggregate outstanding principal
amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Loan Party or any of its Subsidiaries with respect to any other term of (A) one or more items of
Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness (other than, with respect to Indebtedness
consisting of Hedge Agreements, termination events or equivalent events pursuant to the terms of such Hedge Agreements and which is not as a result of any default thereunder by any Loan Party or any Subsidiary), in each case beyond the grace period,
if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, that Indebtedness to become or be declared
due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided, that clause (ii) of this Section 8.01(b) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder; or 

(c)    Breach of Certain Covenants. Failure of any Loan Party, as required by the relevant provision, to perform or
comply with any term or condition contained in Section 6.01(f)(i), Section 6.02 (as it applies to the preservation of the existence of the Borrowers), Section 6.11 or Article VII;
provided that an Event of Default under (i) Section 7.16 is subject to the Cure Right set forth in Section 8.03 and an Event of Default with respect to such Section shall not occur until the expiration of the
Anticipated Cure Deadline and (ii) Section 7.16 shall not constitute an Event of Default for purposes of any Term Loan unless and until the Administrative Agent 

  
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(with the consent, or at the request, of the Required Lenders) has actually terminated the Revolving Credit Commitments and declared all outstanding Revolving Credit Loans to be immediately due
and payable in accordance with this Agreement and such declaration has not been rescinded on or before such date; or 

(d)    Breach of Representations, Etc. Any representation, warranty or certification made or deemed made by any
Loan Party in any Loan Document or in any certificate or document required to be delivered in connection herewith or therewith shall be untrue in any material respect as of the date made or deemed made; or 

(e)    Other Defaults Under Loan Documents. Any Loan Party shall default in the performance of or compliance with
any term contained herein or any of the other Loan Documents, other than any such term referred to in any other Section of this Article VIII, and such default shall not have been remedied or waived within 30 days after receipt by the
Borrower Representative of written notice from the Administrative Agent of such default; or 
 (f)    Involuntary
Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of any Parent Company, any Borrower or any of their Subsidiaries (other than an Immaterial Subsidiary) in an
involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal
or state law; or (ii) (x) an involuntary case shall be commenced against any Parent Company, any Borrower or any of their Subsidiaries (other than an Immaterial Subsidiary) under the Bankruptcy Code or under any other applicable bankruptcy,
insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, administrator, administrative receiver, trustee, custodian or
other officer having similar powers over any Parent Company, any Borrower or any of their Subsidiaries (other than its Immaterial Subsidiaries), or over all or a substantial part of its property, shall have been entered; or (y) there shall have
occurred the involuntary appointment of an interim receiver, administrator, administrative receiver, trustee, liquidator or other custodian of any Parent Company, any Borrower or any of their Subsidiaries (other than its Immaterial Subsidiaries) for
all or a substantial part of its property; and any such event described in this clause (ii)(x) shall continue for 60 consecutive days without having been dismissed, vacated, bonded or discharged, for the avoidance of doubt, the mere
(i) delivery of payment order (“Zahlungsbefehl”) in Switzerland and (ii) the provisional lifting of a stay (Rechtsvorschlag) in summary proceedings (provisorische Rechtsöffnung) shall not constitute, or
be construed as the occurrence of, an Event of Default; or 
 (g)    Voluntary Bankruptcy; Appointment of Receiver,
Etc. (i) Any Parent Company, any Borrower or any of their Subsidiaries (other than any Immaterial Subsidiary) shall have an order for relief entered with respect to it or shall commence a voluntary case under the Bankruptcy Code or under
any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law,
or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian or administrator, administrative receiver, liquidator, compulsory manager or similar officer for it or for all or a substantial part of its
property; or (ii) any Parent Company, any Borrower or any of their Subsidiaries (other than any Immaterial Subsidiary) shall make a general assignment for the benefit of creditors; or (iii) any Parent Company, any Borrower or any of their
Subsidiaries (other than any Immaterial Subsidiary) shall admit in writing its inability to pay its debts as such debts become due (or in the case of a German Obligor, such German Obligor is unable to pay its debt as they fall due
(zahlungsunfähig) within the meaning of section 17 of the German Insolvency Code or becomes over-indebted (überschuldet) within the meaning of section 19 of the German Insolvency Code; or 

(h)    Judgments and Attachments. Any one or more final money judgments, writs or warrants of attachment or similar
process involving in the aggregate at any time an amount in excess of the Threshold Amount (in either case to the extent not adequately covered by self-insurance (if applicable) or by insurance as to which a third party insurance company has been
notified and not denied coverage) shall be entered or filed against any Borrower or any of its Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed pending appeal for a period of 60 days; or

  
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 (i)    Employee Benefit Plans. There shall occur one or more ERISA
Events or Foreign Benefit Events, which individually or in the aggregate results in liability of any Borrower or any of a Borrower’s Subsidiaries in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect;
or 
 (j)    Change of Control. A Change of Control shall occur; or 

(k)    Guaranties, Collateral Documents and Other Loan Documents. At any time after the execution and delivery
thereof, (i) any material Guarantee of the Secured Obligations for any reason, other than the occurrence of the Termination Date, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be
null and void or any Guarantor shall repudiate in writing its obligations thereunder (other than as a result of the discharge of such Guarantor in accordance with the terms thereof), (ii) this Agreement, any material Collateral Document, the
Intercreditor Agreement or any other intercreditor or subordination agreement required to be entered into pursuant to the terms of this Agreement ceases to be in full force and effect (other than by reason of a release of Collateral in accordance
with the terms hereof or thereof or the occurrence of the Termination Date or any other termination of such Collateral Document, Intercreditor Agreement, intercreditor agreement or subordination agreement, as applicable, in accordance with the terms
thereof) or shall be declared null and void, (iii) the Collateral Trustee shall not have or shall cease to have a valid and perfected Lien (subject to the qualifications set forth in Section 3.3 of the Security Agreement) in any Collateral
purported to be covered by the Collateral Documents with the priority required by and subject to such limitations and restrictions as are set forth by the relevant Collateral Document (except to the extent (x) any such loss of perfection or
priority results from the failure of the Collateral Trustee or any Secured Party to take any action within its control, (y) such loss is covered by a lender’s title insurance policy as to which the insurer has been notified of such loss
and does not deny coverage or (z) such loss of perfected security interest may be remedied by the filing of appropriate documentation without the loss of priority) and any such failure of such Lien to be valid and perfected shall have continued
for a period of 20 consecutive days or (iv) any Loan Party shall contest the validity or enforceability of any material provision of any Loan Document in writing or deny in writing that it has any further liability (other than by reason of the
occurrence of the Termination Date), including with respect to future advances by the Lenders, under any Loan Document to which it is a party; or 

Section 8.02    Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders (or, if an Event of Default under Section 7.16 occurs and is continuing, at the request of, or with the consent of, the
Required Revolving Lenders only, which has not been rescinded, and in such case, without limiting Section 8.01(c), only with respect to the Revolving Credit Facility and any Letters of Credit, L/C Credit Extensions and L/C Obligations), take
any or all of the following actions: 
 (a)    declare the commitment of each Lender to make Loans and any obligation of
the L/C Issuers to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 

(b)    declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all
other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers; 

(c)    require that the Borrowers Cash Collateralize the L/C Obligations (in an amount equal to 101.0% of the then
Outstanding Amount thereof); and 
 (d)    exercise on behalf of itself, the L/C Issuers and the Lenders all rights and
remedies available to it, the L/C Issuers and the Lenders under the Loan Documents, under any document evidencing Indebtedness in respect of which the Facilities have been designated as “Designated Senior Debt” (or any comparable term)
and/or under applicable Law, 
 provided, however, that upon the occurrence of an Event of Default under Section 8.01(f) or (g),
the obligation of each Lender to make Loans to such Borrower and any obligation of the L/C Issuers to make L/C Credit Extensions to such Borrower shall automatically terminate, the unpaid principal amount of all outstanding Loans to such

  
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Borrower and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of such Borrower to Cash Collateralize its L/C Obligations as aforesaid
shall automatically become effective, in each case without further act of the Administrative Agent or any Lender; provided that no proceeding under the Bankruptcy Code shall result in (x) any contingent obligation owed by any Guarantor
that is not subject to such proceeding under the applicable Guarantee becoming an actual obligation until the Administrative Agent (acting on the instructions of the Required Lenders) notifies the Parent or (y) any Loan, L/C Obligations or
Ancillary Facility made to any Loan Party that is not subject to such proceeding being accelerated (or any Commitment or Ancillary Commitment to the extent in favor of any Loan Party that is not subject to such proceeding being cancelled, or any
cash cover to be provided in respect of L/C Obligations issued for the account of any Loan Party that is not subject to such proceeding being required) without notice being given to the relevant Loan Party by the Administrative Agent (acting on the
instructions of the Required Lenders). 
 Section 8.03    Right to Cure. 

(a)    Notwithstanding anything to the contrary contained in Section 8.01 or 8.02, in the
event that the Borrowers fail to comply with the requirements of the financial covenant set forth in Section 7.16 at any time when the Borrowers are required to comply with such financial covenant, pursuant to the terms
thereof, then (A) from the end of the most recently ended Fiscal Quarter until the expiration of the fifteenth Business Day subsequent to the date the relevant financial statements are required to be delivered pursuant to Sections
6.01(b) or (c) (the last day of such period being the “Anticipated Cure Deadline”), the Parent shall have the right to issue Equity Interests or obtain a contribution to its equity (which shall be in the form of common
equity, qualified preferred equity or otherwise in a form reasonably acceptable to the Administrative Agent) in each case, for cash, and contribute the proceeds to the Borrowers, in each case in the form of common Equity Interests (the “Cure
Right”), and upon the receipt by the Borrowers of such cash (the “Cure Amount”), pursuant to the exercise by the Borrowers of such Cure Right, the calculation of Consolidated Adjusted EBITDA as used in the financial
covenant set forth in Section 7.16 shall be recalculated giving effect to the following pro forma adjustments: 

(i)    Consolidated Adjusted EBITDA shall be increased, solely for the purpose of measuring the financial covenant set
forth in Section 7.16 and not for any other purpose under this Agreement (including but not limited to determining the availability or amount of any covenant baskets or carve-outs (including the determination of Available
Amount or the Applicable Rate)), by an amount equal to the Cure Amount; provided that (1) the receipt by the Borrowers of the Cure Amount pursuant to the Cure Right shall be deemed to have no other effect whatsoever under this Agreement
(including but not limited to determining the availability or amount of any covenant baskets or carve-outs or the Applicable Rate) and (2) no Cure Amount shall reduce Indebtedness on a Pro Forma Basis for the applicable period for purposes of
calculating the financial covenant set forth in Section 7.16 or calculating the First Lien Net Leverage Ratio or the Total Net Leverage Ratio, nor shall any Cure Amount held by any Borrower or any of its Subsidiaries count
toward the Unrestricted Cash Amount for the purposes of calculating any net obligations or liabilities under the terms of this Agreement; 

(ii)    If, after giving effect to the foregoing recalculations, the Borrowers shall then be in compliance with the
requirements of the financial covenant set forth in Section 7.16, the Borrowers shall be deemed to have satisfied the requirements of the financial covenant set forth in Section 7.16 as of the
relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of the financial covenant set forth in Section 7.16 that had
occurred shall be deemed cured for the purposes of this Agreement; and 
 (iii)    Upon receipt by the Administrative
Agent of written notice, on or prior to the Anticipated Cure Deadline, that the Parent intends to exercise the Cure Right in respect of a fiscal quarter, the Lenders shall not be permitted to accelerate Loans held by them, to terminate the Revolving
Credit Commitments held by them or to exercise remedies against the Collateral on the basis of a failure to comply with the requirements of the financial covenant set forth in Section 7.16, unless such failure is not cured
pursuant to the exercise of the Cure Right on or prior to the Anticipated Cure Deadline. Notwithstanding the foregoing, if an Event of Default under Section 7.16 would have occurred and been continuing had the Parent not
had the option to exercise the Cure Right as set forth in this Section 8.03 and not exercised such Cure Right pursuant to this Section 8.03, no Lender or L/C Issuer shall be required, at any time
while such Event of Default under Section 7.16 has occurred and is continuing and prior to the earlier of (x) the receipt of the Cure Amount by the Borrowers as provided in this Section 8.03
and (y) the Anticipated Cure Deadline, to make any Loan or issue any Letter of Credit under this Agreement. 

  
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 (b)    Notwithstanding anything herein to the contrary, (i) in each four
consecutive fiscal-quarter period there shall be at least two fiscal quarters in respect of which the Cure Right is not exercised, (ii) there can be no more than five fiscal quarters in respect of which the Cure Right is exercised during the
term of the Facilities and (iii) for purposes of this Section 8.03, the Cure Amount utilized shall be no greater than the minimum amount required to remedy the applicable failure to comply with the financial covenant
set forth in Section 7.16. 
 Section 8.04    Application of Funds. After the
exercise of remedies provided for in Section 8.02 (or after an actual or deemed entry of an order for relief with respect to any Borrower under any Debtor Relief Law), any amounts received on account of the Obligations
(whether as a result of a payment under a Guaranty, any realization on the Collateral, any setoff rights, any distribution in connection with any proceedings or other action of any Loan Party in respect of Debtor Relief Laws or otherwise and whether
received in cash or otherwise) shall, subject to the provisions of Sections 2.16 and 2.17 and subject to the provisions of the Intercreditor Agreement, be applied by the Administrative Agent in the following order: 

(a)    first, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other
amounts (including fees, disbursements and other charges of counsel payable under Section 10.03 and amounts payable under Article III and amounts owing in respect of (x) the preservation of Collateral or the
Collateral Trustee’s security interest in the Collateral or (y) with respect to enforcing the rights of the Secured Parties under the Loan Documents) payable to the Administrative Agent and the Collateral Trustee in their respective
capacity as such; 
 (b)    second, to payment in full of Unfunded Advances/Participations (the amounts so
applied to be distributed between or among, as applicable, the Administrative Agent and the L/C Issuers pro rata in accordance with the amounts of Unfunded Advances/Participations owed to them on the date of any such distribution); 

(c)    third, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other
amounts (other than principal, interest and Letter of Credit fees) payable to the Lenders and the L/C Issuers (including fees, disbursements and other charges of counsel payable under Section 10.03) arising under the Loan
Documents and amounts payable under Article III, ratably among them in proportion to the respective amounts described in this clause (c) held by them; 

(d)    fourth, (i) to payment of that portion of the Obligations constituting unpaid principal of the Loans,
the L/C Borrowings, accrued and unpaid Letter of Credit fees and interest on the Loans and L/C Borrowings and obligations of the Loan Parties then owing under Secured Hedge Agreements and the Secured Cash Management Agreements and (ii) to Cash
Collateralize that portion of L/C Obligations comprising the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrowers pursuant to Sections 2.03 and 2.16, ratably among the Lenders,
the L/C Issuers, the Hedge Banks party to such Secured Hedge Agreements and the Cash Management Banks party to such Secured Cash Management Agreements in proportion to the respective amounts described in this clause (d) held by them;
provided that (x) any such amounts applied pursuant to the foregoing clause (ii) shall be paid to the Administrative Agent for the ratable account of the applicable L/C Issuers to Cash Collateralize such L/C Obligations,
(y) subject to Sections 2.03(d) and 2.16, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to this clause (e) shall be applied to satisfy drawings under such Letters of
Credit as they occur and (z) upon the expiration of any Letter of Credit, the pro rata share of Cash Collateral attributable to such expired Letter of Credit shall be applied by the Administrative Agent to the other Obligations, if any, in
accordance with the priority of payments set forth in this Section 8.04; 

(e)    fifth, to the payment of all other Obligations of the Loan Parties owing under or in respect of the Loan
Documents that are then due and payable to the Administrative Agent and the other Secured Parties, ratably based upon the respective aggregate amounts of all such Obligations then owing to the Administrative Agent and the other Secured Parties; and

  
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 (f)    last, after all of the Obligations have been paid in full
(other than contingent indemnification obligations not yet due and owing), to the Borrowers or as otherwise required by Law. 

Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded
from the application of payments described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may reasonably request, from the applicable Cash Management
Bank or Hedge Bank, as the case may be, within five (5) Business Days of written request from the Administrative Agent. Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the
preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent and the Collateral Trustee pursuant to the terms of Article IX and the Intercreditor Agreement for itself and
its Affiliates as if a “Lender” party hereto. 
 It is understood and agreed by each Loan Party and each Secured Party that the
Administrative Agent shall have no liability for any determinations made by it in this Section 8.04, in each case except to the extent resulting from the gross negligence or willful misconduct of the Administrative Agent
(as determined by a court of competent jurisdiction in a final and non-appealable decision). Each Loan Party and each Secured Party also agrees that the Administrative Agent may (but shall not be required to),
at any time and in its sole discretion, and with no liability resulting therefrom, petition a court of competent jurisdiction regarding any application of Collateral in accordance with the requirements hereof, and the Administrative Agent shall be
entitled to wait for, and may conclusively rely on, any such determination. 
 Notwithstanding anything to the contrary in this Agreement or
any other Loan Document, in no circumstances shall proceeds of any Collateral constituting an asset of a Loan Party which is not a Qualified ECP Guarantor be applied towards the payment of any Obligations under Secured Hedge Agreements. 

Section 8.05    Clean Up Period. 

(a)    Subject to Section 8.05(b) below, notwithstanding any other provision of any Loan Document, a matter or
circumstance relating exclusively to any member of the target group which is the subject of a Permitted Acquisition which would otherwise constitute a Default or Event of Default will not constitute a Default or Event of Default (other than with
respect to Section 8.01(a), 8.01(f) or 8.01(g)) during the sixty (60) day period immediately following the closing date of such Permitted Acquisition) (the “Clean Up Period”); provided that:
(i) it is capable of remedy and appropriate steps are being taken to remedy it, (ii) the circumstances giving rise to it have not been procured by or approved by any Parent Company or any Subsidiary and (iii) could not reasonably be
expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (b)    If the relevant circumstances
are continuing after the Clean Up Period, there shall be a breach of representation or warranty, breach of covenant or Event of Default, as the case may be, notwithstanding the above (and without prejudice to the rights and remedies of the Lenders).

 ARTICLE IX. 

Administrative Agent 

Section 9.01    Appointment and Authorization of Administrative Agent and Collateral Trustee. 

Each of the Lenders and L/C Issuers hereby irrevocably appoints Credit Suisse (or any successor appointed pursuant hereto) as its agent and attorney-in-fact and authorizes the Administrative Agent and the Collateral Trustee to take such actions on its behalf, including execution of the other Loan Documents, and to
exercise such powers as are delegated to the Administrative Agent or the Collateral Trustee, as applicable, by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. The provisions of this
Article IX are solely for the benefit of the Administrative Agent, the Collateral Trustee, the Lenders and the other Secured Parties, and no Loan Party shall have any rights as a third party beneficiary of any of the provisions hereof, except
as expressly contemplated hereby. 

  
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 In relation to any Collateral Document governed by Swiss law (“Swiss Collateral
Documents”) and the security interest provided thereunder and without limiting the generality of any other provision of this Section 9.01, the Collateral Trustee shall hold and administer any
non-accessory security (nicht-akzessorische Transaktionssicherheit) granted under a Swiss Collateral Document as fiduciary (treuhänderisch) in its own
name but for the benefit of the Secured Parties and hold and administer any accessory security interest (akzessorische Transaktionssicherheit) granted under a Swiss Collateral Document as direct representative (direkter Stellvertreter)
in the name and on behalf of the Secured Parties. 
 Each Secured Party (other than the Collateral Trustee) hereby appoints the Collateral
Trustee as its direct representative (direkter Stellvertreter) and authorizes the Collateral Trustee (whether or not by or through employees or agents) (i) to exercise such rights, remedies, powers and discretions as are specifically
delegated to or conferred upon the Collateral Trustee under the Swiss Collateral Documents together with such powers and discretions as are reasonably incidental thereto, (ii) to take such action on its behalf as may from time to time be
authorized under or in accordance with the Swiss Collateral Documents and (iii) to accept, enter into and execute as its direct representative (direkter Stellvertreter) any pledge or other creation of any accessory security right granted
in favor of such Secured Party in connection with the Swiss Collateral Documents under Swiss law and to agree to and execute in its name and on its behalf as its direct representative (direkter Stellvertreter) any amendments, confirmations
and/or alterations to any Swiss Collateral Document which creates a pledge or any other accessory security right (akzessorische Sicherheit) including the release or confirmation of release of such security. 

Any Person serving as Administrative Agent or Collateral Trustee 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 Collateral Trustee, as applicable, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, unless the context
otherwise requires or unless such Person is in fact not a Lender, include each Person serving as Administrative Agent or Collateral Trustee, as applicable, 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 the Loan Parties or any subsidiary of a Loan Party or other Affiliate thereof as if it were not the
Administrative Agent or Collateral Trustee, as applicable, hereunder. The Lenders acknowledge that, pursuant to such activities, the Administrative Agent, the Collateral Trustee or their respective Affiliates may receive information regarding any
Loan Party or any of its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that neither the Administrative Agent nor the Collateral Trustee shall be
under any obligation to provide such information to them. 
 Neither the Administrative Agent nor the Collateral Trustee shall have any
duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) neither the Administrative Agent nor the Collateral Trustee shall be subject to any fiduciary or other implied
duties, regardless of whether a Default or Event of Default has occurred and is continuing and without limiting the generality of the foregoing, the use of the term “agent” herein and in the other Loan Documents with reference to the
Administrative Agent or the Collateral Trustee, as applicable, is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law and instead, such term is used merely as a matter
of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties, (b) neither the Administrative Agent nor the Collateral Trustee shall have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and powers that are expressly contemplated by the Loan Documents that the Administrative Agent or the Collateral Trustee, as applicable, is required to exercise in writing as
directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02) after the Administrative Agent or the Collateral Trustee, as
applicable, has received such direction; provided that neither the Administrative Agent nor the Collateral Trustee shall be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent or
the Collateral Trustee, as applicable, to liability or that is contrary to any Loan Document or applicable laws, and (c) except as expressly set forth in the Loan Documents, neither the Administrative Agent nor the Collateral Trustee shall have
any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Subsidiaries that is communicated to or obtained by the Person serving as Administrative Agent, the Collateral
Trustee or any of their respective Affiliates in any capacity. Neither the Administrative Agent nor the Collateral Trustee shall be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such
other number or percentage of the 

  
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Lenders as shall be necessary, or as the Administrative Agent or the Collateral Trustee, as applicable, shall believe in good faith shall be necessary, under the circumstances as provided in
Section 10.02) or in the absence of its own gross negligence or willful misconduct as determined by the final, non-appealable judgment of a court of competent jurisdiction, in
connection with its duties expressly set forth herein. Neither the Administrative Agent nor the Collateral Trustee shall be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof is given to the
Administrative Agent or the Collateral Trustee, as applicable, by the Borrower Representative or any Lender, and neither the Administrative Agent nor the Collateral Trustee shall be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of
any Loan Document or any other agreement, instrument or document, (v) the creation, perfection or priority of Liens on the Collateral or the existence, value or sufficiency of the Collateral, (vi) the satisfaction of any condition set
forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or the Collateral Trustee, as applicable, or (vii) the properties, books or
records of any Loan Party or any Affiliate thereof. 
 If any Lender acquires knowledge of a Default or Event of Default, it shall promptly
notify the Administrative Agent and the other Lenders thereof in writing. Each Lender agrees that, except with the written consent of the Administrative Agent, it will not take any enforcement action hereunder or under any other Loan Document,
accelerate the Obligations under any Loan Document, or exercise any right that it might otherwise have under applicable law or otherwise to credit bid at foreclosure sales, UCC sales, any sale under Section 363 of the Bankruptcy Code or other
similar Dispositions of Collateral. Notwithstanding the foregoing, however, a Lender may take action to preserve or enforce its rights against a Loan Party where a deadline or limitation period is applicable that would, absent such action, bar
enforcement of the Obligations held by such Lender, including the filing of proofs of claim in a case under the Bankruptcy Code. 

Notwithstanding anything to the contrary contained herein or in any of the other Loan Documents, the Loan Parties, the Administrative Agent,
the Collateral Trustee and the Secured Parties agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guarantee of the Secured Obligations provided by the Loan Parties, it being
understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the Administrative Agent or the Collateral Trustee, as applicable, on behalf of the Secured Parties in accordance with the terms hereof and the terms of
the Intercreditor Agreement, and all powers, rights and remedies under the other Loan Documents may be exercised solely by the Administrative Agent or the Collateral Trustee, as applicable, and (ii) in the event of a foreclosure by the
Collateral Trustee on any of the Collateral pursuant to a public or private Disposition (including pursuant to Section 363 of the Bankruptcy Code), (A) the Collateral Trustee, as agent for and representative of the Secured Parties, shall be
entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such Disposition, to use and apply any of the Obligations as a credit on account of the purchase price
for any Collateral payable by the Collateral Trustee at such Disposition and (B) the Collateral Trustee or any Lender may be the purchaser or licensor of any or all of such Collateral at any such Disposition. 

No Cash Management Bank or (except as set forth in the Intercreditor Agreement) any Hedge Bank shall have any rights in connection with the
management or release of any Collateral or of the obligations of any Guarantor under this Agreement. 
 Each of the Lenders hereby exempts
the Administrative Agent and the Collateral Trustee from any restrictions on multiple representation and self-dealing under any applicable law, in particular from the restrictions pursuant to section 181 German Civil Code (Bürgerliches
Gesetzbuch), in each case to the extent legally possible, and authorizes the Administrative Agent and the Collateral Trustee in any further delegation of powers hereunder, to exempt any agent or attorney-in-fact from any such restriction. A Lender which is barred by its organizational documents or by-laws from granting such exemption shall notify the
Administrative Agent and the Collateral Trustee accordingly. 

  
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 The Administrative Agent and the Collateral Trustee 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 website 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 Trustee 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 a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent and
the Collateral Trustee may presume that such condition is satisfactory to such Lender unless the Administrative Agent or the Collateral Trustee, as applicable, shall have received notice to the contrary from such Lender prior to the making of such
Loan. The Administrative Agent and the Collateral Trustee 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. 
 The Administrative Agent and the Collateral Trustee may
perform any and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent or the Collateral Trustee, as applicable. The Administrative
Agent, the Collateral Trustee and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of this
Article IX shall apply to any such sub-agent and to the respective Related Parties of the Administrative Agent, the Collateral Trustee and any such sub-agent, and
shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as the Administrative Agent or the Collateral Trustee, as applicable. 

The Administrative Agent may resign at any time by giving ten days prior written notice to the Lenders and the Borrower Representative. Upon
receipt of any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower Representative (not to be unreasonably withheld or delayed), to appoint a successor Administrative Agent which shall be a
commercial bank with an office in the U.S. having combined capital and surplus in excess of €1,000,000,000; provided that during the existence and continuation of an Event of Default under Section 8.01(a) or, with respect to a
Parent Company or a Borrower, Section 8.01(f) or (g), no consent of the Borrowers shall be required; provided, further, that in no event shall a Disqualified Institution be the successor Administrative Agent. If no
successor shall have been so appointed as provided above and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may (but shall not be
obligated to), on behalf of the Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above if such Administrative Agent shall notify the Borrower Representative and the Lenders that no qualifying Person has accepted
such appointment then such resignation shall nonetheless become effective in accordance with such notice and (i) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents
and (ii) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly (and each Lender will cooperate with the Borrowers to enable the
Borrowers to take such actions), until such time as the Required Lenders or the Borrower Representative, as applicable, appoints a successor Administrative Agent, as provided for above in this Article IX. Upon the acceptance of its
appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent (other than any rights to indemnity payments owed
to the retiring Administrative Agent), and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to
its predecessor unless otherwise agreed between the Borrower Representative and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article IX and Section 10.03 shall
continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was
acting as Administrative Agent. 
 Each Lender acknowledges that it has, independently and without reliance upon the Arrangers, the
Administrative Agent, the Collateral Trustee 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 either the Arrangers, the Administrative Agent, the Collateral Trustee or any other Lender or any of their Related Parties and

  
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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 Loan Document or related agreement or any document furnished hereunder or thereunder. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent or the Collateral Trustee, as
applicable, herein, neither the Administrative Agent nor the Collateral Trustee shall have any duty or responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and
other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of the Administrative Agent, the Collateral Trustee or any of their respective Related Parties. 

Anything herein to the contrary notwithstanding, the Arrangers and the joint bookrunners shall not have any right, power, obligation,
liability, responsibility or duty under this Agreement or any other Loan Document, except in their respective capacities, as applicable, as the Administrative Agent or a Lender hereunder. Further, the parties hereto all acknowledge and agree that
Jefferies Finance LLC is only acting as Lead Arranger under this Agreement in respect of the Initial U.S. Borrower Dollar Term Loans and the U.S. Revolving Credit Facility and not in respect of any of the other Facilities. 

Each Finance Party and Secured Party confirms that the Administrative Agent has authority to accept on its behalf (and ratifies the acceptance
on its behalf of any letters or reports already accepted by the Administrative Agent) the terms of any reliance letter or engagement letters relating to the Tax Structure Memorandum or any reports or letters provided by accountants in connection
with the Loan Documents or the transactions contemplated in the Loan Documents and to bind it in respect of the Tax Structure Memorandum, reports or letters and to sign such letters on its behalf and further confirms that it accepts the terms and
qualifications set out in such letters. 
 Subject to the terms of the Intercreditor Agreement, each of the Lenders irrevocably authorizes
and instructs the Administrative Agent to (or to instruct the Collateral Trustee to), and the Administrative Agent (in the case of clause (d), subject to any such agreements being reasonably satisfactory to the Administrative Agent) shall (or
shall instruct the Collateral Trustee to), 
 (a)    release any Lien on any property, including capital stock, granted
to or held (directly or indirectly) by the Administrative Agent under any Loan Document (i) upon the occurrence of the Termination Date, (ii) that is sold or to be sold or transferred as part of or in connection with any Disposition
permitted under the Loan Documents to a Person that is not a Loan Party, (iii) that does not constitute (or ceases to constitute) Collateral, (iv) if the property subject to such Lien is owned by a Guarantor, upon the release of such
Guarantor from its Loan Documents otherwise in accordance with the Loan Documents, (v) [reserved] or (vi) if approved, authorized or ratified in writing by the Required Lenders or such greater number of Lenders as may be required in accordance
with Section 10.02; 
 (b)    release any Guarantor from its obligations under the Loan
Documents if such Person ceases to be a Subsidiary (or becomes an Excluded Subsidiary) as a result of a single transaction or related series of transactions permitted hereunder; provided, however, that the release of any Guarantor from
its obligations under this Agreement if such Guarantor becomes an Excluded Subsidiary shall only be permitted if, at the time such Guarantor becomes an Excluded Subsidiary, (1) no Default or Event of Default shall have occurred and be
outstanding, (2) after giving effect to such release and the consummation of the transaction that causes such Person to be an Excluded Subsidiary, such Borrower is deemed to have made a new Investment in such Person for purposes of
Section 7.06 (as if such Person were then newly acquired) and such Investment is permitted pursuant to Section 7.06 (other than Section 7.06(f)) at such time and (3) a Responsible
Officer of the Borrower Representative certifies to the Administrative Agent compliance with preceding clauses (1) and (2); provided, further, that no such release shall occur if such Guarantor continues to be a
guarantor in respect of any Refinancing Indebtedness in respect of any of the foregoing; 
 (c)    subordinate any Lien
on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted pursuant to Section 7.02(d), (e), (f), (g), (k)
(solely with respect to Indebtedness permitted by Sections 7.01(i), (l), (m) and (p) (to the extent such Indebtedness is secured by Section 7.02(u))), (l), (m), (n), (o)(i), (p),
(q), (r), (u), (x), (y), (bb), (cc), (dd) (solely to the extent securing any Cash or Cash Equivalents or any other property that does not constitute Collateral), (ee) and (gg);
and 

  
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 (d)    enter into subordination, intercreditor and/or similar agreements with
respect to Indebtedness that is (i) required to be subordinated hereunder and/or (ii) secured by Liens, and which Indebtedness contemplates an intercreditor, subordination or collateral trust agreement. 

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Collateral Trustee’s authority to
release or subordinate its interest (or the Administrative Agent’s authority to instruct the Collateral Trustee to release or subordinate its interest) in particular types or items of property, or the Administrative Agent’s authority to
release any Guarantor from its obligations under the Guaranty pursuant to this Article IX and the Intercreditor Agreement. In each case as specified in this Article IX but subject to the terms of the Intercreditor Agreement, the
Administrative Agent will instruct the Collateral Trustee to (and each Lender hereby authorizes the Administrative Agent to instruct the Collateral Trustee to), at the Borrowers’ expense, execute and deliver to the applicable Loan Party such
documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such
Guarantor from its obligations under the Loan Guaranty, in each case in accordance with the terms of the Loan Documents and this Article IX. 

The Administrative Agent and the Collateral Trustee are authorized to enter into the Intercreditor Agreement (including as provided in
Section 10.20) and any other intercreditor agreement contemplated hereby with respect to Indebtedness that is (i) required or permitted to be subordinated hereunder and/or (ii) secured by Liens and which
Indebtedness contemplates an intercreditor, subordination or collateral trust agreement (any such other intercreditor agreement, an “Additional Agreement”), and the parties hereto acknowledge that the Intercreditor Agreement and any
Additional Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement or any Additional Agreement and (b) hereby authorizes and
instructs the Administrative Agent and/or the Collateral Trustee to enter into the Intercreditor Agreement or any Additional Agreement and to subject the Liens on the Collateral securing the Secured Obligations to the provisions thereof. The
foregoing provisions are intended as an inducement to the Secured Parties to extend credit to the Borrowers and such Secured Parties are intended third-party beneficiaries of such provisions and the provisions of the Intercreditor Agreement and/or
any Additional Agreement. 
 To the extent the Administrative Agent, the Collateral Trustee or any of their respective Affiliates is not
reimbursed and indemnified by the Borrowers (and without limiting their obligation to do so), the Lenders will reimburse and indemnify the Administrative Agent, the Collateral Trustee and any of their respective Affiliates in proportion to their
respective Pro Rata Share for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against or
incurred by the Administrative Agent, the Collateral Trustee or any of their respective Affiliates in performing its duties hereunder or under any other Loan Document or in any way relating to or arising out of this Agreement or any other Loan
Document; provided that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative
Agent’s, the Collateral Trustee’s or such Affiliate’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). 

Section 9.02    Withholding Tax. To the extent required by any applicable Laws, the Administrative Agent may
withhold from any payment to any Lender an amount equivalent to any withholding tax applicable to such payment. If any other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold tax from amounts paid to or
for the account of any Lender for any reason, or the Administrative Agent has paid over to the applicable Governmental Authority applicable withholding tax relating to a payment to a Lender but no deduction has been made from such payment, such
Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent as Tax or otherwise, including any penalties, additions to tax or interest and together with any and all expenses
incurred, unless such amounts have been indemnified by any Borrower or other Loan Party. 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 

  
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owing to such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 9.02. The agreements in this
Section 9.02 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or
discharge of all other Obligations. 
 ARTICLE X. 

Miscellaneous 

Section 10.01    Notices. 

(a)    Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to
Section 10.01(b) 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 facsimile or email, as follows: 

 

	 	(i)	if to any Loan Party, to the Borrower Representative at: 

 Kloeckner Pentaplast Group 

Industriestrasse 3-5 

56412 Heiligenroth 
 Germany

 Fax: +49 2602 915 9725 

Attn: Dr. Markus Hölzl, Chief Financial Officer 

Email: M.Hoelzl@kpfilms.com 

with copies to (which shall not constitute notice): 

Strategic Value Partners (UK) LLP 

5 Savile Row, Mayfair 

London W1S 3PD 
 Fax: +49
69 80806 2299 
 Attn: Alexis Pourchet 

Email: apourchet@svpglobal.co.uk 

and 
 Kirkland &
Ellis International LLP 
 30 St Mary Axe 

London EC3A 8AF 
 United Kingdom

 Attn: Neel V. Sachdev / Darío D. Avram 

Fax: +44 (0) 20 7469 2001 

Email: neel.sachdev@kirkland.com / dario.avram@kirkland.com 
  

	 	(ii)	if to the Administrative Agent, at: 

 Credit Suisse AG 

Attn: Loan Operations – Agency Manager 

Eleven Madison Avenue, 6th Floor 

Phone: 919-994-6369 

New York, NY 10010 
 Fax: +1 212-322-2291 
 Email: agency.loanops@credit-suisse.com 

  
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 (iii)    if to the Collateral Trustee, at its notice address provided
pursuant to Section 17.18 of the Intercreditor Agreement; 
 (iv)    if to any other Lender, to it at its address
or facsimile number set forth in its Administrative Questionnaire. 
 All such notices and other communications (A) sent by hand or
overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof or three Business Days after dispatch if sent by certified
or registered mail, in each case, delivered, sent or mailed (properly addressed) to such party as provided in this Section 10.01 or in accordance with the latest unrevoked direction from such party given in accordance with
this Section 10.01 or (B) sent by facsimile shall be deemed to have been given when sent and when receipt has been confirmed by telephone; provided that received notices and other communications sent by
telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, such notices or other communications shall be deemed to have been given at the opening of business on the next
Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in Section 10.01(b) below shall be effective as provided in such Section 10.01(b). 

(b)    Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communications (including e-mail and Internet or Intranet websites) pursuant to procedures set forth herein or otherwise approved by the Administrative Agent. The Administrative Agent or the Borrower
Representative (on behalf of the Loan Parties) may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures set forth herein or otherwise approved by it; provided
that approval of such procedures may be limited to particular notices or communications. All such notices and other communications (i) 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 not given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient, and (ii) 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 clause (b)(i) of notification that such notice
or communication is available and identifying the website address therefor. For reasons of technical practicality, electronic communication may be sent in unencrypted form, even if the content may be subject to confidentiality and banking secrecy.

 (c)    Any party hereto may change its address or facsimile number for notices and other communications hereunder by
notice to the other parties hereto. 
 (d)    Each Public Lender agrees to cause at least one individual at or on behalf
of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such
Public Lender’s compliance procedures and applicable Law, including applicable foreign, U.S. federal and state securities laws, to make reference to the Borrower Materials that are not made available through the “Public Side
Information” portion of the Platform and that may contain Material Non-Public Information. In the event that any Public Lender has determined for itself to not access any information disclosed through the
Platform or otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither Borrower nor Administrative Agent has any responsibility for such Public Lender’s decision
to limit the scope of the information it has obtained in connection with this Agreement and the other Loan Documents. 

Section 10.02    Waivers; Amendments. 

(a)    No failure or delay by the Administrative Agent or any Lender in exercising any right or power hereunder or under
any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would
otherwise have. No waiver of any provision of any Loan 

  
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Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by Section 10.02(b), and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, to the extent permitted by law, the making of a Loan shall not be construed as a waiver of any Default or Event
of Default, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default or Event of Default at the time. 

(b)    Subject to clauses (A) and (B) below, neither this Agreement nor any other Loan Document nor any
provision hereof or thereof may be waived, amended or modified, except (i) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower Representative and the Required Lenders (or the
Administrative Agent with the consent of the Required Lenders) or (ii) in the case of any other Loan Document (other than any such waiver, amendment or modification to effectuate any modification thereto expressly contemplated by the terms of
such other Loan Documents), pursuant to an agreement or agreements in writing entered into by the Administrative Agent or the Collateral Trustee, as applicable, and the Loan Party or Loan Parties that are parties thereto, with the consent of the
Required Lenders; provided that, notwithstanding the foregoing: 
 (A)    solely with the consent
of each Lender directly and adversely affected thereby (but without the necessity of obtaining the consent of the Required Lenders), any such agreement may: 

(1)    increase the Commitment or Additional Commitment of such Lender (other than with respect to any
Incremental Revolving Facility pursuant to Section 2.14 in respect of which such Lender has agreed to be an Additional Lender); it being understood that no amendment, modification or waiver of, or consent to departure from,
any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments or Additional Commitments shall constitute an increase of any Commitment or Additional Commitment
of such Lender; 
 (2)    reduce or forgive the principal amount of any Loan or any amount due on any
Loan Installment Date; 
 (3)    extend the scheduled final maturity of any Loan or postpone any Loan
Installment Date or the date of any scheduled payment of interest or fees payable hereunder; 

(4)    reduce the rate of interest (other than to waive any obligations of the Borrowers to pay interest
at the default rate of interest under Section 2.08(a)) or the amount of any fees owed to such Lender; it being understood that any change in any ratio used in the calculation of any interest or fees due hereunder (including any component
definition thereof) shall not constitute a reduction in any rate of interest or fees hereunder; 

(5)    extend the expiry date of such Lender’s Commitment or Additional Commitment; it being
understood that no amendment, modification or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments or
Additional Commitments shall constitute an extension of any Commitment or Additional Commitment of any Lender; and 

(6)    amend or modify the provisions of Section 2.18(a) (with respect to pro rata allocation among
Lenders), 2.18(b), 2.18(c) of this Agreement in a manner that would by its terms alter the pro rata sharing of payments required thereby and Section 8.04 of this Agreement in a manner that would by its terms
alter the priority provided for therein (except in connection with transactions permitted under Section 2.14, 2.15, 8.04, 10.02(c) or 10.05(g) or as otherwise provided in this
Section 10.02); and 

  
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 (B)    no such agreement shall: 

(1)    change any of the provisions of this Section or the definitions of “Required Lenders” to
reduce any of the voting percentages required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the consent of each Lender; 

(2)    release all or substantially all of the Collateral from the Lien granted pursuant to the Loan
Documents (except as otherwise permitted herein or in the other Loan Documents, including pursuant to Article VIII or the Intercreditor Agreement), without the prior written consent of each Lender; provided such release shall not
require the consent of Cash Management Banks; 
 (3)    release all or substantially all of the value of
the Guarantees under the Loan Guaranty (except as otherwise permitted herein or in the other Loan Documents, including pursuant to the Intercreditor Agreement), without the prior written consent of each Lender; provided such release shall not
require the consent of Cash Management Banks; or 
 (4)    change the currency in which any Loan is
denominated or the currency of funding or payment of any Loan without the consent of each affected Lender; 
 provided, further, that no such
agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent. 

(c)    Notwithstanding the foregoing, the Required Revolving Lenders may amend, waive or otherwise modify Sections
7.16 and 8.03 and the defined terms used solely for purposes of Sections 7.16 and 8.03 or waive any Default or Event of Default resulting from a breach of Sections 7.16 and 8.03 without the consent of any
Lenders other than the Required Revolving Lenders. 
 (d)    Notwithstanding the foregoing, this Agreement may be
amended: 
 (i)    with the written consent of the Administrative Agent, the Borrower Representative and the Lenders
providing the relevant Replacement Term Loans to permit the refinancing or replacement of all or any portion of the outstanding Term Loans, Extended Term Loans, Incremental Term Loans or then-existing Replacement Term Loans under the applicable
Class (such loans, the “Replaced Term Loans”) with one or more replacement term loans hereunder (“Replacement Term Loans”) pursuant to a Refinancing Amendment; provided that: 

(A)    the aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate
principal amount of such Replaced Term Loans, plus the amount of accrued interest and premium thereon and underwriting discounts, fees, commissions and expenses associated therewith, 

(B)    such Replacement Term Loans have a final maturity date equal to or later than the final maturity
date of, and have a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, such Replaced Term Loans at the time of such refinancing, 

(C)    the Replacement Term Loans shall be pari passu or junior in right of payment and pari
passu or junior in right of security with the remaining portion of the relevant Term Loans, Extended Term Loans, Incremental Term Loans or other then-existing Replacement Term Loans (provided that if pari passu or junior as to
payment or Collateral, such Replacement Term Loans shall be subject to an intercreditor agreement on terms reasonably satisfactory to the Administrative Agent and the Borrower Representative), or be unsecured, 

  
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 (D)    if any such Replacement Term Loans are secured, they
shall not be secured by any assets other than the Collateral, 
 (E)    if any such Replacement Term
Loans are guaranteed, they shall not be guaranteed by any Person other than one or more Loan Parties, 

(F)    any Replacement Term Loans may participate on a pro rata basis or a less than pro rata basis (but
not greater than a pro rata basis) in any voluntary or mandatory repayments or prepayments in respect of the Term Loans (and any other Incremental Term Loans, Extended Term Loans or Replacement Term Loans then subject to ratable repayment
requirements), in each case as agreed by the Borrower Representative and the Lenders providing the relevant Replacement Term Loans, 

(G)    such Replacement Term Loans shall have pricing (including interest, fees and premiums) and, subject
to preceding clause (F), optional prepayment and redemption terms as may be agreed to by the Borrower Representative and the lenders providing such Replacement Term Loans, 

(H)    no Default under Section 8.01(a), 8.01(f) or 8.01(g) or Event of Default shall
exist immediately prior to or after giving effect to the effectiveness of such replacement, and 

(I)    the other terms and conditions of such Replacement Term Loans (excluding pricing, interest, fees,
rate floors, premiums, optional prepayment or redemption terms, security and maturity date, subject to preceding clauses (B) through (G)) shall be substantially identical to, or (taken as a whole) no more favorable (as reasonably
determined by the Borrower Representative) to the lenders providing such Replacement Term Loans than those applicable to the Replaced Term Loans (other than any covenants or other provisions applicable only to periods after the Latest Maturity Date
(in each case, as of the date of incurrence of such Replacement Term Loans)) or shall be on then current market terms for such type of Indebtedness, and 

(ii)    with the written consent of the Administrative Agent, the Borrower Representative and the Lenders providing the
relevant Replacement Revolving Facility (as defined below) to permit the refinancing or replacement of all or any portion of any Incremental Revolving Credit Commitments, Extended Revolving Credit Commitments or commitments under any existing
Replacement Revolving Facility under the applicable Class (a “Replaced Revolving Facility”) with a replacement revolving facility hereunder (a “Replacement Revolving Facility”) pursuant to a Refinancing Amendment;
provided that: 
 (A)    the aggregate principal amount of such Replacement Revolving Facility
shall not exceed the aggregate principal amount of such Replaced Revolving Facility, plus the amount of accrued interest and premium thereon, any committed but undrawn amounts and underwriting discounts, fees, commissions and expenses
associated therewith, 
 (B)    no Replacement Revolving Facility shall have a final maturity date (or
require commitment reductions) prior to the final maturity date of such Replaced Revolving Facility at the time of such refinancing, 

(C)    the Replacement Revolving Facility shall be pari passu or junior in right of payment and
pari passu or junior in right of security, or junior thereto with the remaining portion of the relevant revolving commitments (provided that if pari passu or junior as to payment or Collateral, such Replacement Revolving
Facility shall be subject to an intercreditor agreement on terms reasonably satisfactory to the Administrative Agent and the Borrower Representative and may be, at the option of the Administrative Agent and the Borrower Representative, documented in
a separate agreement or agreements), or be unsecured, 

  
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 (D)    if any such Replacement Revolving Facility is secured,
it shall not be secured by any assets other than the Collateral, 
 (E)    if any such Replacement
Revolving Facility is guaranteed, it shall not be guaranteed by any Person other than one or more Loan Parties, 

(F)    any such Replacement Revolving Facility shall be subject to the same “ratability”
provisions applicable to Extended Revolving Credit Commitments and Extended Revolving Loans provided for in the proviso in clause (ii) of Section 2.15(a), mutatis mutandis, to the same extent as if fully set forth herein,

 (G)    such Replacement Revolving Facilities shall have pricing (including interest, fees and
premiums) and, subject to preceding clause (F), optional prepayment and redemption terms as may be agreed to by the Borrower Representative and the lenders providing such Replacement Revolving Facilities, 

(H)    no Default under Section 8.01(a), 8.01(f) or 8.01(g) or Event of Default shall
exist immediately prior to or after giving effect to the effectiveness of such replacement, and 

(I)    the other terms and conditions of such Replacement Revolving Facility (excluding pricing, interest,
fees, rate floors, premiums, optional prepayment or redemption terms, security and maturity date, subject to preceding clauses (B) through (G)) shall be substantially identical to, or (taken as a whole) no more favorable (as
reasonably determined by the Borrower Representative) to the lenders providing such Replacement Revolving Facility than those applicable to the Replaced Revolving Facility (other than any covenants or other provisions applicable only to periods
after the Latest Maturity Date (in each case, as of the date of incurrence of such Replacement Revolving Facility)) or shall be on then-current market terms for such type of Indebtedness, and the Replaced Revolving Facility commitments shall be
terminated, all Loans outstanding thereunder and all fees in connection therewith shall be paid in full, on the date such Replacement Revolving Facility is issued, incurred or obtained; 

provided, further, that, in respect of each of clauses (i) and (ii) above, any
Non-Debt Fund Affiliate and Debt Fund Affiliate shall (x) be permitted (without Administrative Agent consent) to provide such Replacement Term Loans, it being understood that in connection with such
Replacement Term Loans, any such Non-Debt Fund Affiliate or Debt Fund Affiliate, as applicable, shall be subject to the restrictions applicable to such Persons under Section 10.05 as
if such Replacement Term Loans were Term Loans and (y) Debt Fund Affiliates (but not Non-Debt Fund Affiliates) may provide any Replacement Revolving Facility. 

Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be amended by the
Borrower Representative, the Administrative Agent and the lenders providing the relevant Replacement Term Loans or the Replacement Revolving Facility, as applicable, to the extent (but only to the extent) necessary to reflect the existence and terms
of the Replacement Term Loans or the Replacement Revolving Facility, as applicable, incurred pursuant thereto (including any amendments necessary to treat the loans and commitments subject thereto as a separate “tranche” and
“Class” of Loans, Commitments and Additional Commitments hereunder). The Borrowers shall extend the opportunity to refinance or replace the then outstanding Loans and/or Commitments under the applicable Class to all applicable Lenders
on a pro rata basis pursuant to a Refinancing Amendment and in accordance with this Section 10.02(d). It is understood that any Lender approached to provide all or a portion of Replacement Term Loans or any Replacement Revolving Facility may
elect or decline, in its sole discretion, to provide such Replacement Term Loans or Replacement Revolving Facility. 
 Notwithstanding
anything to the contrary contained in this Section 10.02 or any other provision of this Agreement or any other Loan Document, (i) the Borrower Representative and the Administrative Agent may,

  
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without the input or consent of any other Lender (other than the relevant Lenders (including Additional Lenders) providing Loans under such Sections), effect amendments to this Agreement and the
other Loan Documents as may be necessary in the reasonable opinion of the Borrower Representative and the Administrative Agent to effect the provisions of Section 2.14, 2.15 or 10.02(d) (or any other provision
specifying that any waiver, amendment or modification may be made with only the consent or approval of the Administrative Agent) and (ii) if the Administrative Agent and the Borrower Representative have jointly identified any ambiguity,
mistake, defect, inconsistency, obvious error or any error or omission of a technical nature or any necessary or desirable technical change, in each case, in any provision of the Loan Documents, then the Administrative Agent and the Borrower
Representative shall be permitted to amend such provision; provided that, in the case of this clause (ii), the Administrative Agent shall have notified the Lenders of such amendment and the Required Lenders shall not have objected in
writing to such amendment within five Business Days of notice thereof. 
 Section 10.03    Expenses; Indemnity;
Damage Waiver. 
 (a)    The Borrowers shall pay (i) all reasonable and documented out-of-pocket expenses incurred by each Arranger, the Administrative Agent and their respective Affiliates (but limited, in the case of legal fees and expenses, to the actual
reasonable and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a whole and, if necessary, of
one local counsel in any relevant material jurisdiction to such Persons, taken as a whole) in connection with the syndication and distribution (including via the Internet or through a service such as IntraLinks) of the Credit Facility, the
preparation, execution, delivery and administration of the Loan Documents and related documentation, including in connection with any amendments, modifications or waivers of the provisions of any Loan Documents (whether or not the transactions
contemplated thereby shall be consummated, but only to the extent such amendments, modifications or waivers were requested by the Borrower Representative to be prepared) and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers or the Lenders and each of their respective Affiliates (but limited, in the case of legal fees and expenses, to the actual reasonable
and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a whole and, solely in the case of an
actual or potential conflict of interest, one additional counsel to all affected Persons, taken as a whole, and, if necessary, of one local counsel in any relevant material jurisdiction to such Persons, taken as a whole, and, solely in the case of
an actual or potential conflict of interest, one additional local counsel to all affected Persons, taken as a whole) in connection with the enforcement, collection or protection of its rights in connection with the Loan Documents, including its
rights under this Section 10.03, or in connection with the Loans made hereunder. Other than to the extent required to be paid on the Closing Date, all amounts due under this Section 10.03(a) shall be payable by the
Borrowers within 30 days of receipt of an invoice relating thereto, setting forth such expenses in reasonable detail and together with backup documentation supporting such reimbursement requests. 

(b)    The Borrowers shall indemnify each Arranger, the Administrative Agent and 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 (but limited, in the case of legal
fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and,
solely in the case of an actual or potential conflict of interest, one additional counsel to all affected Indemnitees, taken as a whole, and, if reasonably necessary, one local counsel in any relevant material jurisdiction to all Indemnitees, taken
as a whole and, solely in the case of an actual or potential conflict of interest, one additional local counsel to all affected Indemnitees, taken as a whole), incurred by or asserted against any Indemnitee arising out of, in connection with, or as
a result of (i) the execution or delivery of the Loan Documents or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any
other transactions contemplated hereby or thereby (except for any Taxes (which shall be governed by Section 3.01), other than any Taxes that represent losses, claims or damages arising from any non-Tax claim), (ii) the use or the proposed use of the proceeds of the Loans, (iii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by any Borrower, any other Loan Party or any of their respective Affiliates) or
(iv) any actual or alleged presence or Release or threat of Release of Hazardous Materials on, at, to or from any property currently or formerly owned or operated by any Loan Party or any Subsidiary, or any Environmental Liability;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or 

  
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related expenses (i) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of
such Indemnitee or of any Affiliate of such Indemnitee or, to the extent such judgment finds such losses, claims, damages, liabilities or related expenses to have resulted from such Indemnitee’s material breach of the Loan Documents or
(ii) arise out of any claim, litigation, investigation or proceeding brought by such Indemnitee (or its Related Parties) against another Indemnitee (or its Related Parties) (other than any claim, litigation, investigation or proceeding brought
by or against the Administrative Agent or any Arranger, acting in its capacity as the Administrative Agent or as an Arranger) that does not involve any act or omission of the Sponsor, Parent, any Borrower or any of its Subsidiaries. Each Indemnitee
shall be obligated to refund or return any and all amounts paid by the Borrowers pursuant to this Section 10.03(b) to such Indemnitee for any fees, expenses, or damages to the extent such Indemnitee is not entitled to payment of such amounts
in accordance with the terms hereof. All amounts due under this Section 10.03(b) shall be payable by the Borrowers within 30 days (x) after written demand thereof, in the case of any indemnification obligations and (y) in the case
of reimbursement of costs and expenses, after receipt of an invoice relating thereto, setting forth such expenses in reasonable detail and together with backup documentation supporting such reimbursement requests; provided, further,
that the Loan Parties shall not be liable for any settlement entered into by any Indemnified Person without the Borrower Representative’s written consent, such consent not to be unreasonably withheld or delayed (provided, however,
if at any time such Indemnified Person shall have requested in writing in accordance with this Agreement that any the Borrower Representative reimburse such Indemnified Person for legal or other expenses in connection with investigating, responding
to or defending any proceeding that is covered under this Section 10.03, the Loan Parties shall be liable for any settlement of any proceeding effected without the Loan Parties’ written consent if (x) such
settlement is entered into more than 30 days after receipt by the Borrower Representative of such written request for reimbursement for an expense in connection with the matter related to the settlement that is covered under this Section 10.03
and (y) the Loan Parties shall not have reimbursed such Indemnified Person in accordance with such written request prior to the date of such settlement). 

Section 10.04    Waiver of Claim. To the extent permitted by applicable law, no party to this Agreement shall
assert, and each hereby waives, any claim against any other party hereto or any Related Party thereof, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof, except, in the case of a claim by any Indemnitee against the Borrowers, to the
extent such damages would otherwise be subject to indemnification pursuant to the terms of Section 10.03. 

Section 10.05    Successors and Assigns. 

(a)    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 (i) except as provided under Section 7.07, the Borrowers may not assign or otherwise transfer any of their rights or obligations hereunder without the
prior written consent of each Lender (and any attempted assignment or transfer by the Borrowers without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in
accordance with this Section (any attempted assignment or transfer not complying with the terms of this Section 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 Section 10.05(c)) and, to the extent expressly contemplated hereby, the Related Parties of each of the Arrangers, the
Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b)    (i) Subject to the conditions set forth in Section 10.05(b)(ii) below, any Lender may 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 the Loans or Additional Commitments added pursuant to Section 2.14, 2.15 or 10.02(d)
at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 

(A)    the Borrower Representative; provided that the Borrower Representative shall have been deemed
to have consented to any such assignment unless it shall have objected thereto by written notice to the Administrative Agent within 10 Business Days after receiving written notice thereof; provided, further, that no consent of the
Borrower Representative 

  
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shall be required (x) for an assignment to another Lender, an Affiliate of a Lender, an Approved Fund or any Arranger (or any Affiliate thereof), (y) if an Event of Default under Section
8.01(a), 8.01(f) or 8.01(g) (solely with respect to the Borrowers) has occurred and is continuing, for any assignment to any other Eligible Assignee or (z) prior to the completion of primary syndication, for an assignment to
any Eligible Assignee approved by the Sponsor; 
 (B)    the Administrative Agent; provided that
no consent of the Administrative Agent shall be required for an assignment to another Lender, an Affiliate of a Lender or an Approved Fund; and 

(C)    in the case of the Revolving Credit Facility or any Additional Revolving Facility, each L/C Issuer.

 (ii)    Assignments shall be subject to the following additional conditions: 

(A)    except in the case of an assignment to another Lender, an Affiliate of a Lender or an Approved Fund
or an assignment of the entire remaining amount of the assigning Lender’s Loans or commitments of any Class, the principal amount of Loans or commitments 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 and determined on an aggregate basis in the event of concurrent assignments to Related Funds or by Related Funds (as defined below)) shall not be less
than (i) $1,000,000 or €1,000,000 in the case of Term Loans and (ii) $5,000,000 or €5,000,000 in the case of Revolving Credit Loans, in each case, unless each of the Borrower Representative and the Administrative Agent otherwise consent
(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; 

(C)    the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment
and Assumption via an electronic settlement system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), and shall pay to the Administrative Agent a processing and recordation fee of $3,500 (which
fee may be waived or reduced in the sole discretion of the Administrative Agent); and 
 (D)    the
Eligible Assignee, if it shall not be a Lender, shall deliver on or prior to the effective date of such assignment, to the Administrative Agent (1) an Administrative Questionnaire and (2) any forms required under
Section 3.01. 
 (iii)    Subject to acceptance and recording thereof pursuant to Section
10.05(b)(iv), from and after the effective date specified in each Assignment and Assumption the Eligible Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights
and obligations of a Lender under this Agreement, 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 Sections 3.01, 3.05,
3.06 and 10.03 with respect to facts and circumstances occurring on or prior to the effective date of such assignment and subject to its obligations thereunder and under Section 10.13). If any such assignment
by a Lender holding a Note hereunder occurs after the issuance of any Note hereunder to such Lender, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender such Note to the
Administrative Agent for cancellation, and thereupon the Borrowers shall issue and deliver a new Note, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect
the new commitments and/or outstanding Loans of the assignee and/or the assigning Lender. 

  
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 (iv)    The Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at one of its offices 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
their respective successors and assigns, and the commitment of, and principal amount of and interest on the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). Failure to make any such
recordation, or any error in such recordation, shall not affect the Borrowers’ obligations in respect of such Loans. 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 any
Borrower and any Lender (but only as to its own holdings), at any reasonable time and from time to time upon reasonable prior notice. This Section 10.05(b)(iv) shall be construed so that the Loans are at all times maintained in
“registered form” within the meaning of Sections 163(f), 871(h)(2), and 881(c)(2) of the Code. 
 (v)    Upon
its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Eligible Assignee, the Eligible Assignee’s completed Administrative Questionnaire and tax certifications required by
Section 10.05(b)(ii)(D)(2) (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in Section 10.05(b), if applicable, and any written consent to such assignment required by
Section 10.05(b), the Administrative Agent shall promptly accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been
recorded in the Register as provided in this Section 10.05(b)(v). 
 (vi)    By executing and delivering an
Assignment and Assumption, the assigning Lender thereunder and the Eligible Assignee thereunder shall be deemed to confirm and agree with each other and the other parties hereto as follows: (A) such assigning Lender warrants that it is the
legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim and that the amount of its commitments, and the outstanding balances of its Loans, in each case without giving effect to assignments thereof which
have not become effective, are as set forth in such Assignment and Assumption; (B) except as set forth in clause (A) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to
any statements, warranties or representations made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document or any other instrument or
document furnished pursuant hereto, or the financial condition of the Parent, any Borrower or any Subsidiary or the performance or observance by the Parent, any Borrower or any Subsidiary of any of its obligations under this Agreement, any other
Loan Document or any other instrument or document furnished pursuant hereto; (C) such assignee represents and warrants that it is an Eligible Assignee, legally authorized to enter into such Assignment and Assumption; (D) such assignee
confirms that it has received a copy of this Agreement and the Intercreditor Agreement, together with copies of the most recent financial statements referred to in Section 5.04(a) or delivered pursuant to Section 6.01(b) or
6.01(c), as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Assumption; (E) such assignee will independently and without
reliance upon the Administrative Agent, such assigning Lender 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
this Agreement; (F) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent, by the terms hereof,
together with such powers as are reasonably incidental thereto; and (G) such assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Agreement are required to be performed by it as a
Lender. The assigning Lender and the Administrative Agent shall be entitled to rely conclusively on any representation of an assigned Lender in the applicable Assignment and Assumption and the parties acknowledge that the Administrative Agent shall
have no responsibility for, or obligation to investigate, whether such representations are true and correct. 

(c)    (i) Any Lender may, without the consent of the Borrowers, the Administrative Agent or any other Lender, sell
participations to one or more banks or other entities (other than to any Disqualified Institution, any natural Person or, other than with respect to participations to Debt Fund Affiliates (any such participations to Debt Fund Affiliates being
subject to the limitations set forth in Section 10.05(g)), the Investors, Parent, any Borrower and its Subsidiaries or any of their respective Affiliates) (a “Participant”) in all or a portion of such Lender’s rights and
obligations under this Agreement (including all or a portion of its commitments and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such

  
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Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) 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 to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, modification or waiver described in (x) clause (A) to the first proviso to Section 10.02(b) that directly and adversely affects the Loans or commitments in which such Participant
has an interest and (y) clause (B) to the first proviso to Section 10.02(b). Subject to Section 10.05(c)(ii), the Borrowers agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.05 and
3.06 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.05(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 10.09 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.12(b) as though it were a Lender. 

(ii)    A Participant shall not be entitled to receive any greater payment under Section 3.01,
3.05 or 3.06 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 the Borrower
Representative’s prior written consent expressly acknowledging such Participant may receive a greater benefit. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of
Section 3.01 unless such Participant agrees, for the benefit of the Borrowers, to comply with Section 3.08 and that it is subject to, and will comply with, Section 9.02 as
though it were a Lender. 
 Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of the Borrowers, maintain at one of its offices a copy of a register for the recordation of the names and addresses of each Participant and their respective successors and assigns, and
principal amount of and interest on the Loans (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to any Participant’s interest in any Additional Commitment, Loan or any other obligation under any Loan Document) to any Person except (i) to the extent that such disclosure is necessary to establish
that such Additional Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the U.S. Treasury Regulations or (ii) if compelled by order of the court or other legal
process. The entries in the Participant Register shall be conclusive absent manifest error, and each Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this
Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(d)    Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement (other than to any Disqualified Institution or natural person) to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank having
jurisdiction over such Lender, and this Section 10.05 shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(e)    Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may
grant to a special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower Representative, the option to provide to the Borrowers all or
any part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrowers pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to make any Loan and (ii) if
an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall utilize the
Commitment or Additional Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such
option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrowers under this Agreement (including its obligations under Section 3.01, 3.05 or 3.06) and no SPC shall
be entitled to any greater amount under Section 2.08, 3.04 or 3.05 or 

  
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any other provision of this Agreement or any other Loan Document that the Granting Lender would have been entitled to receive, (ii) no SPC shall be liable for any indemnity or similar
payment obligation under this Agreement (all liability for which shall remain with the Granting Lender) and (iii) the Granting Lender shall for all purposes including approval of any amendment, waiver or other modification of any provision of
the Loan Documents, remain the Lender of record hereunder. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after
the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings under the laws of the U.S. or any state thereof; provided that (i) in the case of the Borrowers, such SPC’s Granting Lender is in compliance in all material respects with its obligations to the Borrowers
hereunder and (ii) each Lender designating any SPC hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such SPC
during such period of forbearance. In addition, notwithstanding anything to the contrary contained in this Section 10.05, any SPC may (i) with notice to, but without the prior written consent of, the Borrower
Representative or the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender and (ii) disclose on a confidential basis any
non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC. 

(f)    (i) No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date
(the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower Representative has
consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For the avoidance of doubt, with respect
to any assignee that becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of the notice period referred to in, the definition of “Disqualified
Institution”), (x) such assignee shall not retroactively be disqualified from becoming a Lender and (y) the execution by the Borrower Representative of an Assignment and Assumption with respect to such assignee will not by itself result in
such assignee no longer being considered a Disqualified Institution. Any assignment in violation of this Section 10.05(f)(i) shall not be void, but the other provisions of this Section 10.05(f) shall apply. 

(ii)    If any assignment or participation is made to any Disqualified Institution without the Borrower
Representative’s prior written consent in violation of Section 10.05(f)(i) above, or if any Person becomes a Disqualified Institution after the applicable Trade Date, the Borrower Representative may, at its sole expense and effort, upon
notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate any Revolving Credit Commitment of such Disqualified Institution and repay all obligations of the applicable Borrower owing to such Disqualified
Institution in connection with such Revolving Credit Commitment, (B) in the case of outstanding Term Loans held by Disqualified Institutions, purchase or prepay such Term Loan by paying the lesser of (x) par and (y) the amount that
such Disqualified Institution paid to acquire such Term Loans, in each case plus accrued interest, accrued fees and all other amounts payable to it hereunder and/or (C) require such Disqualified Institution to assign, without recourse
(in accordance with and subject to the restrictions contained in this Section 10.05), all of its interests, rights and obligations under this Agreement to one or more Eligible Assignees at the lesser of (x) par and
(y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts payable to it hereunder; provided that in the case of
clauses (A) and (B), the Borrower Representative shall be liable to the relevant Disqualified Institution under Section 3.06 if any Eurocurrency Rate Loan owing to such Disqualified Institution is repaid or purchased other than on the last
day of the Interest Period relating thereto. 

  
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 (g)    Notwithstanding anything to the contrary contained herein, any Lender
may, at any time, assign all or a portion of its rights and obligations under this Agreement in respect of its Term Loans to an Affiliated Lender on a non-pro rata basis (A) through Dutch Auctions open to
all applicable Lenders on a pro rata basis or (B) through open market purchases, in each case with respect to clauses (A) and (B), without the consent of the Administrative Agent; provided that: 

(i)    any Term Loans acquired by Parent, the Borrowers or any of their respective subsidiaries shall be retired and
cancelled immediately upon the acquisition thereof; provided that upon any such retirement and cancellation of Indebtedness, the aggregate outstanding principal amount of the Term Loans or Additional Term Loans, as applicable, shall be deemed
reduced by the full par value of the aggregate principal amount of the Term Loans or Additional Term Loans so retired and cancelled, and each principal repayment installment with respect to the Term Loans pursuant to
Section 2.07 shall be reduced pro rata by the full par value of the aggregate principal amount of Term Loans so cancelled; 

(ii)    any Term Loans or Additional Term Loans acquired by any Non-Debt Fund
Affiliate may (but shall not be required to) be contributed to Parent, the Borrowers or any of their subsidiaries for purposes of cancellation of such Indebtedness (it being understood that such Term Loans shall be retired and cancelled immediately
upon such contribution); provided that upon such cancellation of Indebtedness, the aggregate outstanding principal amount of the Term Loans shall be deemed reduced, as of the date of such contribution, by the full par value of the aggregate
principal amount of the Term Loans so contributed and cancelled, and each principal repayment installment with respect to the Term Loans pursuant to Section 2.07 shall be reduced pro rata by the full par value of the
aggregate principal amount of Term Loans so contributed and cancelled; 
 (iii)    the relevant Affiliated Lender and
assigning Lender shall have executed an Assignment and Assumption, which shall include a customary “big boy” disclaimer and which shall include a representation on which the Administrative Agent and the Borrowers may conclusively rely that
the assignee is not a Disqualified Institution; 
 (iv)    each Lender participating in any assignment to Affiliated
Lenders acknowledges and agrees that in connection with such assignment, (A) the Affiliated Lenders may have, and later may come into possession of Excluded Information, (B) such Lender has independently and, without reliance on the
Affiliated Lenders or any of their Subsidiaries, or Parent, the Borrowers or any of their respective Subsidiaries, the Administrative Agent, the Arrangers or any other Related Parties, made its own analysis and determination to participate in such
assignment notwithstanding such Lender’s lack of knowledge of the Excluded Information, (C) none of the Affiliated Lenders or any of their Subsidiaries, or Parent, the Borrowers or any of their respective Subsidiaries shall be required to
make any representation that it is not in possession of Excluded Information, (D) none of the Affiliated Lenders or any of their Subsidiaries, or Parent, the Borrowers or their respective Subsidiaries, the Administrative Agent, the Arrangers or
any other Related Parties shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted by law, any claims such Lender may have against the Affiliated Lenders and any of their Subsidiaries, and Parent,
the Borrowers and their respective Subsidiaries, the Administrative Agent, the Arrangers and any other Related Parties, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information and (E) that the Excluded
Information may not be available to the Administrative Agent, the Arrangers or the other Lenders; 
 (v)    after
giving effect to such assignment and to all other assignments to all Affiliated Lenders, the aggregate principal amount of any Class of Term Loans then held by all Affiliated Lenders shall not exceed 25.0% of the aggregate principal amount of
any Class of Term Loans then outstanding (after giving effect to any substantially simultaneous cancellations thereof) (the “Affiliated Lender Cap”) and the number of Affiliated Lenders shall not exceed five at any time;
provided that each of the parties hereto agrees and acknowledges that the Administrative Agent shall not be liable for any losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements of any kind
or nature whatsoever incurred or suffered by any Person in connection with any compliance or non-compliance with this Section 10.05(g)(v) or any purported assignment exceeding such percentage (it being
understood and agreed that the cap set forth in this Section 10.05(g)(v) is intended to apply to any Loans made available by Affiliated Lenders by means other than formal assignment (e.g., as a result of an acquisition of another Lender
(other than a Debt Fund Affiliate) by an Affiliated Lender or the provision of Additional Term Loans by an Affiliated Lender); provided, further, except as specifically set forth in Section 10.05(f), that to the extent that any
assignment to any Affiliated Lender would result in the aggregate principal amount of all Term Loans and Additional Term Loans held by Affiliated Lenders exceeding the Affiliated Lender Cap (after giving effect to any substantially simultaneous
cancellations thereof), the assignment of the relevant excess amount shall be automatically cancelled; 

  
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 (vi)    in connection with any assignment effected pursuant to a Dutch
Auction and/or open market purchase conducted by Parent, the Borrowers or any of its subsidiaries, (A) the relevant Person may not use the proceeds of any Revolving Facility to fund such assignment and (B) no Default or Event of Default
shall have occurred and be continuing; 
 (vii)    in connection with each assignment pursuant to this Section
10.05(g), the Administrative Agent shall have been provided written notice in connection with each assignment to an Affiliated Lender or a Person that upon effectiveness of such assignment would constitute an Affiliated Lender with respect to
the identity of such Affiliated Lender and the amount of the Loans being assigned thereto; 
 (viii)    by its
acquisition of Term Loans, an Affiliated Lender shall be deemed to have acknowledged and agreed that: 

(A)    the Term Loans held by such Affiliated Lender shall be disregarded in both the numerator and
denominator in the calculation of Required Lenders or any other Lender vote (or the Term Loans and Additional Term Loans held by such Affiliated Lender shall be deemed to be voted pro rata along with the other Lenders that are not Affiliated
Lenders), except that such Affiliated Lender shall have the right to vote (and the Term Loans and Additional Term Loans held by such Affiliated Lender shall not be so disregarded) with respect to any amendment, modification, waiver, consent or other
action that requires the vote of all Lenders or all Lenders directly and adversely affected thereby, as the case may be; provided that no amendment, modification, waiver, consent or other action shall (1) disproportionately affect such
Affiliated Lender in its capacity as a Lender as compared to other Lenders of the same Class that are not Affiliated Lenders or (2) deprive any Affiliated Lender of its share of any payments which the Lenders are entitled to share on a pro
rata basis hereunder, in each case without the consent of such Affiliated Lender; 
 (B)    Affiliated
Lenders, solely in their capacity as an Affiliated Lender, will not be entitled to (i) attend (including by telephone) or participate in any meeting or discussions (or portion thereof) among the Administrative Agent or any Lender or among
Lenders to which the Loan Parties or their representatives are not invited or (ii) receive any information or material prepared by the Administrative Agent or any Lender or any communication by or among the Administrative Agent and one or more
Lenders, except to the extent such information or materials have been made available by the Administrative Agent or any Lender to any Loan Party or its representatives (and in any case, other than the right to receive notices of Borrowings,
prepayments and other administrative notices in respect of its Term Loans or Additional Term Loans required to be delivered to Lenders pursuant to Article II); and 

(C)    Affiliated Lenders shall waive any right to bring any action in connection with such Loans against
either the Administrative Agent or the Collateral Trustee, in their capacities as such, except with respect to claims of gross negligence or willful misconduct. 

Notwithstanding anything to the contrary contained herein, any Lender may, at any time, assign all or a portion of its rights and obligations
under this Agreement in respect of its Term Loans to a Debt Fund Affiliate, and any Debt Fund Affiliate may, from time to time, purchase Term Loans (x) on a non-pro rata basis through Dutch Auctions open
to all Lenders or (y) on a non-pro rata basis through open market purchases without the consent of the Administrative Agent, in each case, without the necessity of meeting the requirements set forth in
(or being subject to the restriction of) clauses (i) through (viii) of this Section 10.05(g); provided that the Term Loans of any Debt Fund Affiliates shall not account for more than 49.9% of the amounts included in
determining whether the Required Lenders have (A) consented to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, or subject to the
immediately succeeding paragraph, any plan of reorganization pursuant to the Bankruptcy Code, (B) otherwise acted on any matter related to any Loan Document or (C) directed or required the Administrative Agent or any Lender to undertake
any action (or refrain from taking any action) with respect to or under any Loan Document. Any Term Loans or Additional Term Loans acquired by any Debt Fund Affiliate may (but shall not be required to) be contributed to Parent, any Borrower or any
of its subsidiaries for purposes of cancellation of such Indebtedness (it 

  
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being understood that such Term Loans or Additional Term Loans so contributed shall be retired and cancelled immediately upon such contribution); provided that upon such cancellation of
Indebtedness, the aggregate outstanding principal amount of the Term Loans or Additional Term Loans shall be deemed reduced, as of the date of such contribution, by the full par value of the aggregate principal amount of the Term Loans or Additional
Term Loans so contributed and cancelled, and each principal repayment installment with respect to the Term Loans pursuant to Section 2.07 shall be reduced pro rata by the full par value of the aggregate principal amount of
Term Loans so contributed and cancelled. 
 Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, each
Affiliated Lender hereby agrees that, if a proceeding under any Debtor Relief Law shall be commenced by or against any Borrower or any other Loan Party at a time when such Lender is an Affiliated Lender, such Affiliated Lender irrevocably authorizes
and empowers the Administrative Agent to vote on behalf of such Affiliated Lender with respect to the Term Loans or Additional Term Loans held by such Affiliated Lender in any manner in the Administrative Agent’s sole discretion, unless the
Administrative Agent instructs such Affiliated Lender to vote, in which case such Affiliated Lender shall vote with respect to the Term Loans or Additional Term Loans held by it as the Administrative Agent directs; provided that (a) such
Affiliated Lender shall be entitled to vote in accordance with its sole discretion (and not in accordance with the direction of the Administrative Agent) and (b) the Administrative Agent shall not be entitled to vote on behalf of such
Affiliated Lender, in each case, in connection with any matter to the extent any such matter proposes to treat any Obligations held by such Affiliated Lender in a manner that is different than the proposed treatment of similar Obligations held by
Lenders that are not Affiliates of any Borrower. Each Affiliated Lender hereby irrevocably appoints the Administrative Agent (such appointment being coupled with an interest) as such Affiliated Lender’s attorney-in-fact, with full authority in the place and stead of such Affiliated Lender and in the name of such Affiliated Lender (solely in respect of Term Loans or Additional Term Loans and participations
therein and not in respect of any other claim or status such Affiliated Lender may otherwise have), from time to time in the Administrative Agent’s discretion to take any action and to execute any instrument that the Administrative Agent may
deem reasonably necessary to carry out the provisions of (but subject to the limitations set forth in) this paragraph. 
 Each of the Parent
Companies, the Borrowers, the other Loan Parties, the Lenders and the L/C Issuers agree that none of the Administrative Agent or its Related Parties shall have any responsibility or liability with respect to monitoring or enforcing the Disqualified
Institution list or assignments to Disqualified Institutions. 
 In case of assignment, transfer or novation by a Lender to a new lender or
a Participant, of all or any part of its rights and obligations under this Agreement or any of the other Loan Documents, the Lenders and the new lender or Participant shall agree that, for the purposes of Article 1278 and/or Article 1281 of the
Luxembourg Civil Code (to the extent applicable), any assignment, amendment, transfer and/or novation of any kind permitted under, and made in accordance with the provisions of the Agreement or any agreement referred to herein to which a Luxembourg
Loan Party is a party (including any Collateral Document), any security created or guarantee given under the Agreement or in relation to the Agreement shall be preserved and continue in full force and effect to the benefit of the new lender or
Participant. 
 In addition to the restrictions on assignments set forth above, each Lender agrees that it shall not assign any Initial Term
Loans hereunder unless such Lender assigns (or causes one of its Affiliates to assign) (x) in the case of an assignment of an Initial Dollar Term Loan, an equal pro rata portion of the Initial U.S. Borrower Dollar Loans and Initial German
Borrower Dollar Term Loans held by such Lender and its Affiliates to the applicable assignee and (y) in the case of an assignment of an Initial Euro Term Loan, an equal pro rata portion of the Initial Erste Euro Term Loans and Initial GmbH Euro
Term Loans held by such Lender and its Affiliates to the applicable assignee. 
 Section 10.06    Survival.
All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force
and effect until the Termination Date. The provisions of Sections 2.15, 2.16, 2.17, 10.03, 10.06 and 10.13 and Article VIII 

  
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shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the occurrence of the Termination Date or the
termination of this Agreement or any provision hereof but in each case, subject to the limitations set forth in this Agreement. 

Section 10.07    Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and
by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and the Fee Letter and any separate
letter agreements with respect to fees payable to the Administrative Agent constitute the entire agreement among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by Parent, the Borrowers, the Subsidiaries of the Borrowers party hereto and
the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and permitted assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or by email as a “.pdf” or “.tif” attachment shall be effective as
delivery of a manually executed counterpart of this Agreement. 
 Section 10.08    Severability. To the
extent permitted by law, any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without
affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 10.09    Right of Setoff. If an Event of Default shall have occurred and be continuing, upon the
written consent of the Administrative Agent, each Lender and each of its respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or
special, time or demand, provisional or final) at any time held and other obligations at any time owing by the Administrative Agent or such Lender or Affiliate (including by branches and agencies of the Administrative Agent or such Lender, wherever
located) to or for the credit or the account of any Borrower or any Guarantor against any of and all the Secured Obligations held by the Administrative Agent or such Lender or Affiliate, irrespective of whether or not the Administrative Agent or
such Lender or Affiliate shall have made any demand under the Loan Documents and although such obligations may be unmatured. Any applicable Lender or Affiliate shall promptly notify the Borrower Representative and the Administrative Agent of such set-off or application; provided that any failure to give or any delay in giving such notice shall not affect the validity of any such set-off or application under this
Section. The rights of each Lender, Administrative Agent and Affiliate under this Section 10.09 are in addition to other rights and remedies (including other rights of setoff) which such Lender, Administrative Agent or
Affiliate may have. 
 Section 10.10    Governing Law; Jurisdiction; Consent to Service of Process. 

(a)    THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) AND ANY
CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN THE OTHER LOAN DOCUMENTS), WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

(b)    EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE
JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT THEREFROM) OVER ANY SUIT, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND
AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL (EXCEPT AS PERMITTED 

  
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BELOW) BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING
MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT THE ADMINISTRATIVE AGENT AND THE LENDERS RETAIN THE RIGHT TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS
OF ANY OTHER JURISDICTION SOLELY IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT. 

(c)    EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND
EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SECTION 10.10(b).
EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT. 

(d)    TO THE EXTENT PERMITTED BY LAW, EACH LOAN PARTY TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY
AND ALL PROCESS UPON IT AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL) DIRECTED TO THE U.S. BORROWER, AS AGENT FOR SERVICE OF PROCESS PURSUANT TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT, AND SUCH ENTITY HEREBY ACCEPTS SUCH APPOINTMENT. EACH PARTY TO THIS AGREEMENT HEREBY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED
HEREUNDER OR UNDER ANY LOAN DOCUMENT THAT SERVICE OF PROCESS WAS INVALID AND INEFFECTIVE. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
LAW. 
 Section 10.11    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 SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT,
ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 10.11. 
 Section 10.12    Headings. Article and Section headings and the table of contents
used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 10.13    Confidentiality. The Administrative Agent, each Lender and each Arranger agrees (and each
Lender agrees to cause its SPC, if any) to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential Information may be disclosed (a) to its and its Affiliates’ directors (or equivalent
managers), officers, employees, independent auditors, or other agents, experts and advisors, including accountants, legal counsel and other advisors (collectively, the “Representatives”) on a “need to know” basis solely in
connection with the transactions completed hereby and who are informed of the confidential nature of such Confidential Information and are or have been advised of their obligation to keep such Confidential Information of this type confidential;
provided that such Person shall be responsible for its Affiliates’ and their Representatives’ compliance with this Section 10.13, (b) upon the demand or request of any regulatory (including 

  
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any self-regulatory body, such as the National Association of Insurance Commissioners), governmental or administrative authority purporting to have jurisdiction over such Person or its Affiliates
(in which case such Person shall except with respect to any audit or examination conducted by bank accountants or any Governmental Authority exercising examination or regulatory authority, to the extent practicable and permitted by law,
(i) inform the Borrower Representative promptly in writing in advance thereof and (ii) use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment), (c) to the extent compelled by
legal process in, or reasonably necessary to, the defense of such legal, judicial or administrative proceeding, in any legal, judicial or administrative proceeding or otherwise as required by applicable requirements of Law, rule or regulation (in
which case such Person shall (i) to the extent practicable and permitted by law, inform the Borrower Representative promptly in writing in advance thereof and (ii) use commercially reasonable efforts to ensure that any such information so
disclosed is accorded confidential treatment), (d) in connection with the exercise of any remedies hereunder or under any other Loan Document or the enforcement of rights hereunder or thereunder, (e) to any other party to this Agreement,
(f) subject to an acknowledgment and agreement by such recipient that such information is being disseminated on a confidential basis (on substantially the terms set forth in this Section 10.13 or as is otherwise
reasonably acceptable to the Borrower Representative), to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement, including any SPC (in
each case other than a Disqualified Institution), (ii) any pledgee referred to in Section 9.05 or (iii) any actual or prospective, direct or indirect contractual counterparty (or its advisors) to any Derivative
Transaction (including any credit default swap) or similar derivative product relating to the Loan Parties and their obligations subject to acknowledgment and agreement by such recipient that such information is being disseminated on a confidential
basis (on substantially the terms set forth in this Section 10.13 or as is otherwise reasonably acceptable to the Borrower Representative), (g) with the prior written consent of the Borrower Representative, (h) to
Moody’s or S&P in connection with obtaining ratings for the Borrowers or the Credit Facility, (i) to the extent applicable and reasonably necessary or advisable, for purposes of establishing a “due diligence” defense,
(j) on a confidential basis to (x) any rating agency in connection with rating the Borrower or its Subsidiaries or the Credit Facilities hereunder or (y) the CUSIP Service Bureau or any similar agency in connection with the issuance
and monitoring of CUSIP numbers with respect to the facilities or market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent in connection with the administration and management of
this Agreement and the Loan Documents and (k) to the extent such Confidential Information (X) becomes publicly available other than as a result of a breach of this Section 10.13 by such Person, its Affiliates or
their respective Representatives or (Y) becomes available to the Administrative Agent or any Lender on a non-confidential basis other than as a result of a breach of this
Section 10.13 from a source other than a Loan Party. For the purposes of this Section 10.13, “Confidential Information” means all information received relating to the Loan Parties
and/or any of their subsidiaries and their respective businesses, the Sponsor or the Transactions (including any information obtained by the Administrative Agent, any Lender or any Arranger, or any of their respective Affiliates or Representatives,
based on a review of the books and records relating to Parent and/or any of its subsidiaries and their respective Affiliates from time to time, including prior to the date hereof) other than any such information that is or becomes publicly available
to the Administrative Agent, any Arranger or any Lender on a non-confidential basis prior to disclosure by any Loan Party. For the avoidance of doubt, in no event shall any disclosure of such Confidential
Information be made to any Disqualified Institution (which was a Disqualified Institution at the time such disclosure was made). 

Section 10.14    No Fiduciary Duty. Each of the Administrative Agent, the Arrangers and each Lender and their
respective Affiliates (collectively, solely for purposes of this Section 10.14, the “Lenders”), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their respective
Affiliates. Each Loan Party agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and any Loan Party, its
respective stockholders or its respective Affiliates, on the other. The Loan Parties acknowledge and agree that: (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder)
are arm’s-length commercial transactions between the Lenders, on the one hand, and each Loan Party, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no
Lender has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its respective stockholders or its respective Affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect
thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Loan Party, its respective stockholders or its respective Affiliates on other matters) or any other obligation to any
Loan Party except the obligations expressly set forth in the Loan 

  
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Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary of such Loan Party, its respective management, stockholders, creditors or any other Person. Each
Loan Party acknowledges and agrees that such Loan Party has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and
the process leading thereto. Each Loan Party agrees that it will not claim that any Lender owes a fiduciary or similar duty to such Loan Party in connection with such transaction or the process leading thereto. 

Section 10.15    Several Obligations; Violation of Law. The respective obligations of the Lenders hereunder
are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. 

Section 10.16    USA PATRIOT Act. Each Lender that is subject to the requirements of the USA PATRIOT Act
hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Borrower and each Guarantor, which information includes the name and address of
each Loan Party and other information that will allow such Lender to identify the Loan Parties in accordance with the USA PATRIOT Act. This notice is given in accordance with the requirements of the USA PATRIOT Act and is effective as to the
Administrative Agent and each Lender. Each Loan Party hereby acknowledges and agrees that the Administrative Agent shall be permitted to share any or all such information provided to the Administrative Agent pursuant to the USA PATRIOT Act with the
Lenders. 
 Section 10.17    Disclosure. Each Loan Party and each Lender hereby acknowledges and agrees that
the Administrative Agent and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with any of the Loan Parties and their respective Affiliates. 

Section 10.18    Appointment for Perfection. Each Lender hereby appoints each other Lender as its agent for
the purpose of perfecting Liens, for the benefit of the Collateral Trustee and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable law can be perfected only by possession. Should any Secured Party (other
than the Collateral Trustee) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof; and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Collateral
Trustee or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions. 

Section 10.19    Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the
interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all
Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall
be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender. 

Section 10.20    Intercreditor Agreement; Appointment of Agents. REFERENCE IS MADE TO THE INTERCREDITOR
AGREEMENT. EACH OF THE LENDERS, L/C ISSUERS AND (BY ACCEPTANCE OF THE COLLATERAL DOCUMENTS ) THE OTHER SECURED PARTIES HEREUNDER (a) ACKNOWLEDGES THAT IT HAS RECEIVED A COPY OF THE INTERCREDITOR AGREEMENT, (b) AGREES THAT IT WILL BE BOUND
BY AND WILL TAKE NO ACTIONS CONTRARY TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT AND (c) AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE AGENT TO ENTER INTO THE INTERCREDITOR AGREEMENT AS “ADMINISTRATIVE AGENT” AND AUTHORIZES AND
INSTRUCTS THE COLLATERAL TRUSTEE TO ENTER INTO THE INTERCREDITOR AGREEMENT AND THE COLLATERAL DOCUMENTS AS “SECURITY AGENT”, “COLLATERAL TRUSTEE” OR “FIRST PRIORITY COLLATERAL TRUSTEE” (AS APPLICABLE), IN EACH CASE, FOR
AND ON BEHALF OF SUCH PERSON, AND BY ITS ACCEPTANCE OF THE BENEFITS OF THE COLLATERAL DOCUMENTS, HEREBY ACKNOWLEDGES AND AGREES TO 

  
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BE BOUND BY SUCH PROVISIONS. EACH OF THE LENDERS, L/C ISSUERS AND THE OTHER SECURED PARTIES ACKNOWLEDGES AND AGREES THAT THE LIENS OVER THE COLLATERAL MAY BE RELEASED IN ACCORDANCE WITH THE TERMS
OF THE INTERCREDITOR AGREEMENT. THE PROVISIONS OF THIS SECTION 10.20 ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT PROVISIONS OF THE INTERCREDITOR AGREEMENT. REFERENCE MUST BE MADE TO THE INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL TERMS
AND CONDITIONS THEREOF. EACH LENDER, L/C ISSUER AND OTHER SECURED PARTY IS RESPONSIBLE FOR MAKING ITS OWN ANALYSIS AND REVIEW OF THE INTERCREDITOR AGREEMENT AND THE TERMS AND PROVISIONS THEREOF, AND NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS
AFFILIATES MAKES ANY REPRESENTATION TO ANY LENDER, L/C ISSUER OR OTHER SECURED PARTY AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN THE INTERCREDITOR AGREEMENT. 

Section 10.21    Conflicts. Notwithstanding anything to the contrary contained herein, in any other Loan
Document (but excluding the Intercreditor Agreement), in the event of any conflict or inconsistency between this Agreement and any other Loan Document (excluding the Intercreditor Agreement), the terms of this Agreement shall govern and control;
provided that in the case of any conflict or inconsistency between the Intercreditor Agreement and any other Loan Document, the terms of the Intercreditor Agreement shall govern and control. 

Section 10.22    Certain Undertakings with Respect to any Securitization Subsidiary. 

(a)    Each Agent and Lender agrees that, prior to the date that is one year and one day after payment in full of all of
the obligations of the Securitization Subsidiary in connection with and under a Securitization, (i) such Agent and such Lender shall not be entitled, whether before or after the occurrence of any Event of Default, to (A) institute against,
or join any other Person in instituting against, any Securitization Subsidiary any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under the laws of the United States or any State thereof, (B) transfer and register
the capital stock of any Securitization Subsidiary or any other instrument evidencing any Securitization Seller’s Retained Interest in the name of any Agent or a Secured Party or any designee or nominee thereof, (C) foreclose on any
security interest in any Securitization Seller’s Retained Interest regardless of the bankruptcy or insolvency of any Borrower or any Subsidiary, (D) exercise any voting rights granted or appurtenant to such capital stock of any
Securitization Subsidiary or any other instrument evidencing any Securitization Seller’s Retained Interest or (E) enforce any right that the holder of any such capital stock of any Securitization Subsidiary or any other instrument
evidencing any Securitization Seller’s Retained Interest might otherwise have to liquidate, consolidate, combine, collapse or disregard the entity status of such Securitization Subsidiary, (ii) such Agent and such Lender hereby waives and
releases any right to require (A) that any Securitization Subsidiary be in any manner merged, combined, collapsed or consolidated with or into any Borrower or any Subsidiary, including by way of substantive consolidation in a bankruptcy case or
(B) that the status of any Securitization Subsidiary as a separate entity be in any respect disregarded and (iii) such Agent and such Lender agrees and acknowledges that the agent acting on behalf of the holders of securitization
indebtedness of the Securitization Subsidiary is an express third party beneficiary with respect to this Section 10.22 and such agent shall have the right to enforce compliance by the Agents and the Lenders with this
Section 10.22. Any Liens purporting to be granted with respect to any U.S. RPA Assets arising under this Agreement or any Collateral Documents related to this Agreement shall automatically be released (and each of the
Administrative Agent and the Collateral Trustee, as applicable, is hereby authorized to execute and enter into any such releases and other documents as the Borrower Representative may reasonably request in order to give effect thereto). 

(b)    Upon the transfer or purported transfer by any Borrower or any Subsidiary of Securitization Assets to a
Securitization Subsidiary in a Securitization, any Liens with respect to such Securitization Assets arising under this Agreement or any Collateral Documents related to the Agreement shall automatically be released upon transfer of such U.S. RPA
Assets to the U.S. RPA SPV in accordance with this Agreement (and each of the Administrative Agent and the Collateral Trustee, as applicable, is hereby authorized to execute and enter into any such releases and other documents as the Borrower
Representative may reasonably request in order to give effect thereto). 

  
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 ARTICLE XI. 

[RESERVED] 
 ARTICLE XII.

 LOAN GUARANTY 

Section 12.01    Guaranty. Each Guarantor hereby agrees that it is jointly and severally liable for, as
primary obligor and not merely as surety, and absolutely and unconditionally and irrevocably guarantees to the Administrative Agent for the ratable benefit of the Secured Parties the full and prompt payment upon the failure of the Borrowers (and/or
other Subsidiaries party to Secured Hedge Agreements in the case of such Subsidiary’s Secured Hedging Obligations) to do so, when and as the same shall become due, whether at stated maturity, upon acceleration or otherwise, and at all times
thereafter, of the Secured Obligations (collectively the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in whole or in part without notice to or further assent
from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal (subject to any applicable government approvals). If any or all of the Guaranteed Obligations becomes due and payable hereunder, each Guarantor,
unconditionally and irrevocably, promises to pay such Guaranteed Obligations to the Administrative Agent and/or the other Secured Parties, on demand, together with any and all expenses which may be incurred by the Administrative Agent and the other
Secured Parties in collecting any of the Guaranteed Obligations, to the extent reimbursable in accordance with Section 10.03. Each Guarantor unconditionally and irrevocably guarantees the payment of any and all of the
Guaranteed Obligations to the Secured Parties whether or not due or payable by the Borrowers upon the occurrence of any Event of Default specified in Section 8.01(f) or 8.01(g), and in such event, irrevocably and unconditionally
promises to pay such indebtedness to the Secured Parties, on demand, in lawful money of the U.S. 

Section 12.02    Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each
Guarantor waives any right to require the Administrative Agent or any Lender to sue the Borrowers, any other Guarantor, any other guarantor, or any other Person obligated for all or any part of the Guaranteed Obligations (each, an “Obligated
Party”), or otherwise to enforce its rights in respect of any Collateral securing all or any part of the Guaranteed Obligations. The Administrative Agent may enforce this Loan Guaranty upon the occurrence and during the continuance of an
Event of Default. 
 Section 12.03    No Discharge or Diminishment of Loan Guaranty. 

(a)    Except as otherwise provided for herein, the obligations of each Guarantor hereunder are unconditional, irrevocable
and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than as set forth in the Intercreditor Agreement), including: (i) any claim of waiver, release, extension, renewal, settlement,
surrender, alteration, or compromise of any of the Guaranteed Obligations, by operation of law or otherwise; (ii) any change in the corporate existence, structure or ownership of any Borrower or any other guarantor of or other Person liable for
any of the Guaranteed Obligations; (iii) any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Obligated Party, or their assets or any resulting release or discharge of any obligation of any Obligated Party;
(iv) the existence of any claim, setoff or other rights which any Guarantor may have at any time against any Obligated Party, the Administrative Agent, any Lender or any other Person, whether in connection herewith or in any unrelated
transactions; (v) any direction as to application of payments by any Borrower or by any other party; (vi) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party as to the Guaranteed
Obligations; (vii) any payment on or in reduction of any such other guaranty or undertaking; (viii) any dissolution, termination or increase, decrease or change in personnel by any Borrower or (ix) any payment made to any Secured
Party on the Guaranteed Obligations which any such Secured Party repays to the Borrowers pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and each Guarantor waives any right to the
deferral or modification of its obligations hereunder by reason of any such proceeding. 
 (b)    Except for termination
of a Guarantor’s obligations hereunder or as expressly permitted by the Intercreditor Agreement, the obligations of each Guarantor hereunder are not subject to any defense or setoff, counterclaim, recoupment, or termination whatsoever by reason
of the invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any Obligated Party, of the Guaranteed Obligations or any part
thereof. 

  
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 (c)    Further, the obligations of any Guarantor hereunder are not discharged
or impaired or otherwise affected by: (i) the failure of the Administrative Agent or any Secured Party to assert any claim or demand or to enforce any remedy with respect to all or any part of the Guaranteed Obligations; (ii) any waiver or
modification of or supplement to any provision of any agreement relating to the Guaranteed Obligations; (iii) any release, non-perfection, or invalidity of any indirect or direct security for the
obligations of the Borrowers for all or any part of the Guaranteed Obligations or any obligations of any other guarantor of or other Person liable for any of the Guaranteed Obligations; (iv) any action or failure to act by the Administrative
Agent or any Secured Party with respect to any Collateral securing any part of the Guaranteed Obligations; or (v) any default, failure or delay, willful or otherwise, in the payment or performance of any of the Guaranteed Obligations, or any
other circumstance, act, omission or delay that might in any manner or to any extent vary the risk of such Guarantor or that would otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than as set forth in the
Intercreditor Agreement). 
 Section 12.04    Defenses Waived. To the fullest extent permitted by applicable
law, and except for termination of a Guarantor’s obligations hereunder or as expressly permitted by the Intercreditor Agreement, each Guarantor hereby waives any defense based on or arising out of any defense of any Borrower or any other
Guarantor or arising out of the disability of any Borrower or any other Guarantor or any other party or the unenforceability of all or any part of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the
liability of any Borrower or any other Guarantor. Without limiting the generality of the foregoing, each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by law, any notice not
provided for herein, including notices of nonperformance, notices of protest, notices of dishonor, notices of acceptance of this Loan Guaranty, and notices of the existence, creation or incurring of new or additional Guaranteed Obligations, as well
as any requirement that at any time any action be taken by any Person against any Obligated Party, or any other Person, including any right (except as shall be required by applicable statute and cannot be waived) to require any Secured Party to
(i) proceed against any Borrower, any other guarantor or any other party, (ii) proceed against or exhaust any security held from any Borrower, any other Guarantor or any other party or (iii) pursue any other remedy in any Secured
Party’s power whatsoever. The Administrative Agent may, at its election, foreclose on any Collateral held by it by one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent
permitted by applicable law), accept an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any Collateral securing all or a part of the Guaranteed Obligations, and the Administrative Agent may,
at its election, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any Obligated Party or exercise any other right or remedy available to it against any Obligated Party, or any security, without affecting
or impairing in any way the liability of such Guarantor under this Loan Guaranty except as otherwise provided in the Intercreditor Agreement. To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any
such election even though that election may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Guarantor against any Obligated Party or any security. 

Section 12.05    Authorization. The Guarantors authorize the Secured Parties without notice or demand (except
as shall be required by applicable statute and cannot be waived), and without affecting or impairing its liability hereunder (except as set forth in the Intercreditor Agreement), from time to time to: 

(a)    change the manner, place or terms of payment of, and/or change or extend the time of payment of, renew, increase,
accelerate or alter, any of the Guaranteed Obligations (including any increase or decrease in the principal amount thereof or the rate of interest or fees thereon), any security therefor, or any liability incurred directly or indirectly in respect
thereof, and this Loan Guaranty shall apply to the Guaranteed Obligations as so changed, extended, renewed or altered; 

(b)    take and hold security for the payment of the Guaranteed Obligations and sell, exchange, release, impair,
surrender, realize upon or otherwise deal with in any manner and in any order any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Guaranteed Obligations or any liabilities (including any of those
hereunder) incurred directly or indirectly in respect thereof or hereof, and/or any offset there against; 

  
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 (c)    exercise or refrain from exercising any rights against any of the
Borrowers, any other Loan Party or others or otherwise act or refrain from acting; 
 (d)    release or substitute any
one or more endorsers, guarantors, the Borrowers, other Loan Parties or other obligors; 
 (e)    settle or compromise
any of the Guaranteed Obligations, any security therefor or any liability (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of all or any part thereof to the payment of
any liability (whether due or not) of any Borrower to their creditors other than the Secured Parties; 
 (f)    apply
any sums by whomsoever paid or howsoever realized to any liability or liabilities of the Borrowers to the Secured Parties regardless of what liability or liabilities of the Borrowers remain unpaid; 

(g)    consent to or waive any breach of, or any act, omission or default under, this Agreement, any other Loan Document,
any Hedge Agreement or any of the instruments or agreements referred to herein or therein, or otherwise amend, modify or supplement this Agreement, any other Loan Document, any Hedge Agreement or any of such other instruments or agreements; and/or

 (h)    take any other action which would, under otherwise applicable principles of common law, give rise to a legal
or equitable discharge of the Guarantors from their respective liabilities under this Loan Guaranty. 

Section 12.06    Rights of Subrogation. No Guarantor will assert any right, claim or cause of action,
including a claim of subrogation, contribution or indemnification that it has against any Loan Party in respect of this Loan Guaranty until the occurrence of the Termination Date. 

Section 12.07    Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the
Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of any Borrower or otherwise, each Guarantor’s obligations under this Loan Guaranty with respect to that payment
shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Borrower, all such amounts
otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Guarantors forthwith on demand by the Administrative Agent. 

Section 12.08    Information. Each Guarantor assumes all responsibility for being and keeping itself informed
of the Borrowers’ financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that each Guarantor assumes and incurs under this
Loan Guaranty, and agrees that none of the Administrative Agent, any Lender or any other Secured Party shall have any duty to advise any Guarantor of information known to it regarding those circumstances or risks. 

Section 12.09    Maximum Liability. It is the desire and intent of the Guarantors and the Secured Parties that
this Loan Guaranty shall be enforced against the Guarantors to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. The provisions of this Loan Guaranty are severable, and in
any action or proceeding involving any state corporate law, or any state, Federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Guarantor under this Loan
Guaranty would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such Guarantor’s liability under this Loan Guaranty, then, notwithstanding any other provision of this Loan Guaranty to the
contrary, the amount of such liability shall, without any further action by the Guarantors or the Secured Parties, be automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding
(such highest amount determined hereunder being the relevant Guarantor’s “Maximum Liability”). Each Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each
Guarantor without impairing this Loan Guaranty or affecting the rights and remedies of the Secured Parties hereunder; provided that nothing in this sentence shall be construed to increase any Guarantor’s obligations hereunder beyond its
Maximum Liability. 

  
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 Section 12.10    Limitation of Liability for German Guarantors.

 (a)    Notwithstanding anything to the contrary in any Loan Document, if and to the extent that the guaranty pursuant
to this Article XII or any liability, indemnity or other payment obligation under the Loan Documents, of a German Guarantor established as a limited liability company (Gesellschaft mit beschränkter Haftung –
GmbH) (the “German Guarantor Guaranty”), guarantees or secures liabilities owed by a direct or indirect shareholder of the German Guarantor or by any subsidiary of such direct or indirect shareholder (other than the German
Guarantor itself and its subsidiaries), the enforcement of the German Guarantor Guaranty shall be limited to an amount which would not have the effect of reducing the German Guarantor’s net assets (Reinvermögen) (the
“Net Assets”) to an amount of less than its stated share capital (Stammkapital) or, if the Net Assets are already an amount of less than its stated share capital, of causing such amount to be further reduced (a
“Capital Impairment”). 
 (b)    The amount of the Net Assets shall be determined in accordance with
the German Commercial Code (Handelsgesetzbuch, the “HGB”) consistently applied by the relevant German Guarantor in preparing its unconsolidated balance sheets (Jahresabschluss) according to section 42 of the German
Limited Liability Company Act (Gesetz betreffend die Gesellschaften mit beschränkter Haftung, the “GmbHG”) and sections 242, 264 of the HGB in the previous years; provided that: 

(i)    any amounts not available for distribution to the shareholders of the German Guarantor in accordance with section
268 para. 8 of the HGB shall be deducted when calculating the amount of the Net Assets of the German Guarantor; 

(ii)    the amount of any increase of the stated share capital (Stammkapital) of such German Guarantor carried out
after the date of this Agreement (i) that has been effected in violation of the provisions of this Agreement or (ii) to the extent that it is not fully paid up, provided that the corresponding claim against its shareholders is not
accounted for as an asset in the balance sheet of the German Guarantor at the time of enforcement of the German Guarantor Guaranty, shall be deducted from the relevant stated share capital (Stammkapital) of the German Guarantor; 

(iii)    loans and other liabilities incurred by such German Guarantor in violation of any of the Loan Documents; and

 (iv)    any loans provided to the relevant the German Guarantor by a member of the Group shall be disregarded in
calculating the liabilities of that German Guarantor if such loans are made (A) by a direct or indirect shareholder of the relevant German Guarantor or (B) any member of the Group, but only if and to the extent a waiver (Erlass) of
the loan provided to the relevant German Guarantor (Y) would not result in that member of the Group or its management breaching any obligations under applicable law, and (Z) is otherwise permissible and possible (e.g. it could not be
permissible and possible where the relevant member of the Group is itself in administration or cannot dispose of the relevant receivable because it is subject to security). 

(c)    In a situation where the Administrative Agent or the other Secured Parties would, but for this
Section 12.10, be entitled to and seek to enforce the German Guarantor Guaranty, such German Guarantor shall upon demand of the Administrative Agent within three months of such demand being made, and to the extent necessary
to discharge its obligations under this German Guarantor Guaranty, realise any and all of its assets that are shown in the balance sheet with a book value (Buchwert) that is significantly lower than the market value of the asset if such asset
is not necessary for its business (nicht betriebsnotwendig) provided that such realisation is legally permitted. 

(d)    The limitations set out in Section 12.10(a) above shall not apply to any German Guarantor Guaranty for Loans
to the extent such Loans are on-lent, or otherwise passed on, to the respective German Guarantor or any of its subsidiaries and are not repaid at the day of a payment demand under the German Guarantor
Guaranty. 

  
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 (e)    The limitations set out in Section 12.10(a) above shall not
apply in case of a Capital Impairment if and to the extent: 
 (i)    a domination agreement
(Beherrschungsvertrag) or a profit transfer agreement (Gewinnabführungsvertrag) is in place (“besteht”) between the German Guarantor (as a dominated party) and the relevant primary obligor (either
directly or indirectly through a chain of domination and/or profit transfer agreements), each within the meaning of section 291 of the German Act on Stock Corporations (Aktiengesetz), with the German Guarantor as dominated entity
(beherrschtes Unternehmen) (a “DPTA”) unless the existence of such DPTA does not lead to the inapplicability of Section 30 para.1 sentence 1 GmbHG; or 

(ii)    the payments by the German Guarantor under the German Guarantor Guaranty are covered by a valuable consideration
or recourse claim (vollwertiger Gegenleistungs- oder Rückgewähranspruch) against any of its direct or indirect shareholders or the Loan Party for whose liabilities the German Guarantor Guaranty was taken
out; or 
 (iii)    the German Guarantor has not abided to any of its obligations pursuant to Section 12.10(c);
or 
 (iv)    that they are not necessary for the purposes of protecting the German Guarantor’s managing directors
from the risk of personal liability pursuant to section 30 of the GmbHG. 
 (f)    The limitations set out in
Section 12.10(a) above shall only apply to amounts demanded under the German Guarantor Guaranty if: 

(i)    within 15 Business Days (for the purposes of this Section 12.10(f) only, the term “Business
Day” shall mean any banking day (Bankarbeitstag) of the German Central Bank (Bundesbank)) following the receipt by the German Guarantor of a payment demand under the German Guarantor Guaranty, such amounts have been confirmed
by the managing directors on behalf of such German Guarantor in writing to the Administrative Agent of not being enforceable because of causing a Capital Impairment (taking into account the adjustments set out in Section 12.10(b) above) and
such confirmation is supported by evidence reasonably satisfactory to the Administrative Agent, e.g. interim financial statements (Stichtagsbilanz) and a detailed calculation of its Net Assets (the “Management
Determination”); or 
 (ii)    the Administrative Agent disagrees with the Management Determination and
notifies the German Guarantor accordingly in writing (the “Contesting Notice”), within 25 Business Days following the receipt by the German Guarantor of such Contesting Notice, such amounts have been determined by a firm of auditors
of international standing and reputation appointed by the relevant German Guarantor or any other auditor appointed by the relevant German Guarantor and approved by the Administrative Agent (the “Auditors’
Determination”) of not being enforceable because of causing a Capital Impairment (taking into account the adjustments set out in Section 12.10(b) above). Upon delivery of the Auditors’ Determination the relevant German Guarantor
shall promptly pay such additional amounts under the German Guarantor Guaranty that have been demanded but not been paid on the basis of the Management Determination, and that the Auditors’ Determination confirms can be paid without exceeding
the limitations set out in Section 12.10(a) above. 
 (g)    If and to the extent that the German Guarantor
Guaranty has been enforced without regard to the limitation set forth in clause (a) above because the amount of the available Net Assets pursuant to the Auditors’ Determination is lower than the amount stated in the Management
Determination, the Administrative Agent and the other Secured Parties shall, upon written demand of the relevant German Guarantor to the Administrative Agent, such demand to be made no later than one month after the enforcement of the German
Guarantor Guaranty, repay such amounts (if and to the extent already paid to the Collateral Trustee or the other Secured Parties) which exceed the amounts calculated in the Auditors’ Determination as necessary to avoid a Capital Impairment of
such German Guarantor provided that the Administrative Agent shall repay such amounts to the extent either not distributed to the other Secured Parties pursuant to the terms of the Loan Documents, or if already distributed, to the extent such
Secured Party has repaid the distributed amount to the Administrative Agent. 

  
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 (h)    In addition to the restrictions set out in this
Section 12.10, if a German Guarantor demonstrates that, according to decisions of the German Federal Supreme Court (Bundesgerichtshof) or a higher regional court of appeals (Oberlandesgericht), the enforcement
of the Guaranty against such German Guarantor would result in personal liability of its managing director(s) for a reimbursement of payments made under the Guaranty (including pursuant to section 64 sentence 3 GmbHG or section 826 of the German
Civil Code (Bürgerliches Gesetzbuch)), the Administrative Agent shall only be entitled to enforce the Guaranty to the extent possible without the managing directors incurring such liability. In case of a limitation on the
enforcement of the German Guarantor Guaranty pursuant to the preceding sentence, the German Guarantor shall take all reasonable measures (including measures pursuant to paragraph (c) above) in order to increase the German Guarantor’s
liquidity (Zahlungsfähigkeit) to the extent necessary to satisfy the amounts demanded under the German Guarantor Guaranty. 

(i)    The provisions in Sections 12.10(a) to (h) above shall apply, mutatis mutandis, to any German
Guarantor being a limited partnership (Kommanditgesellschaft) with a limited liability company as its general partner (GmbH & Co. KG), provided that any Capital Impairment shall be determined in relation
to any of its general partners and the sum of their Net Assets. 
 (j)    Nothing in this
Section 12.10 shall limit the enforceability (subject to the restrictions set forth in this Section 12.10) legality or validity of the German Guarantor Guaranty nor prevent the Administrative Agent
from claiming in court that the provision of any German Guarantor Guaranty and/or demanding payment under any German Guarantor Guaranty does not fall within the scope of any statutory limitations. Neither shall the Administrative Agent’s rights
to any remedies it may have against any Guarantor be limited if any statutory limitations are determined by any competent court to be inapplicable. The agreement of the Administrative Agent to abstain from demanding (partial) payment under a German
Guarantor Guaranty in accordance with the provisions above shall not constitute a waiver (Verzicht) of any security right granted under this Agreement or any other Loan Document to the Administrative Agent or the Collateral Trustee or a
definite defense (Einwendung) of any German Guarantor against any of the secured obligations other than expressly set out herein. 

Section 12.11    Contribution. In the event any Guarantor (a “Paying Guarantor”) shall make
any payment or payments under this Loan Guaranty or shall suffer any loss as a result of any realization upon any Collateral granted by it to secure its obligations under this Loan Guaranty, each other Guarantor (each a “Non-Paying Guarantor”) shall contribute to such Paying Guarantor an amount equal to such Non-Paying Guarantor’s “Guarantor Percentage” of such
payment or payments made, or losses suffered, by such Paying Guarantor. For purposes of this Article XII, each Non-Paying Guarantor’s “Guarantor Percentage” with respect to any such
payment or loss by a Paying Guarantor shall be determined as of the date on which such payment or loss was made by reference to the ratio of (a) such Non- Paying Guarantor’s Maximum Liability as of
such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s Maximum Liability has not been determined, the aggregate
amount of all monies received by such Non-Paying Guarantor from any Borrower after the date hereof (whether by loan, capital infusion or by other means) to (b) the aggregate Maximum Liability of all
Guarantors hereunder (including such Paying Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to the extent that a Maximum Liability has not been determined for any
Guarantor, the aggregate amount of all monies received by such Guarantors from any Borrower after the date hereof (whether by loan, capital infusion or by other means). Nothing in this provision shall affect any Guarantor’s several liability
for the entire amount of the Guaranteed Obligations (up to such Guarantor’s Maximum Liability). Each of the Guarantors covenants and agrees that its right to receive any contribution under this Loan Guaranty from a Non-Paying Guarantor shall be subordinate and junior in right of payment to the Secured Obligations until the Termination Date. This provision is for the benefit of the Administrative Agent, the Lenders and the
other Secured Parties and may be enforced by any one, or more, or all of them in accordance with the terms hereof. 

  
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 Section 12.12    Limitation of Liability for Swiss Guarantors.

 Notwithstanding anything to the contrary in this Agreement or any other Loan Document, the obligations of any Swiss Guarantor and the
rights of the Lenders under the Loan Documents are subject to the following limitations: If and to the extent that a Swiss Guarantor is liable under any provision of this Agreement or any other Loan Document, for obligations other than its own
obligations or obligations of one of its Subsidiaries (i.e. obligations of its direct or indirect parent companies or shareholders, respectively, (upstream security) or sister companies (including any companies held by any of its shareholders)
(crossstream security)) (“Swiss Restricted Obligations”) and that complying with such obligations would constitute a repayment of capital (Einlagerückgewähr), a violation of the legally protected reserves
(gesetzlich geschützte Reserven) or the payment of a (constructive) dividend (Gewinnausschüttung) by such Swiss Guarantor, the following shall apply: 

(a)    the aggregate liability of such Swiss Guarantor for Swiss Restricted Obligations shall be limited to the Swiss
Available Amount (as defined below) at the time such Swiss Guarantor is required to perform under the Loan Documents, provided that this is a requirement under applicable law at that time and further provided that such limitation shall not free such
Swiss Guarantor from its obligations in excess thereof, but merely postpone the performance date therefore until such times as performance is again permitted notwithstanding such limitation; 

(b)    for the purposes of paragraph (a), “Swiss Available Amount” means the maximum amount of such Swiss
Guarantor’s profits and reserves available for distribution to its shareholder(s) under applicable Swiss law, presently being the amount equal to the positive difference between (1) the assets of such Swiss Guarantor and (2) the
aggregate of such Swiss Guarantor’s (A) liabilities other than Swiss Restricted Obligations, (B) stated capital, (C) statutory reserves (gesetzliche Reserven) to the extent such reserves must be maintained by mandatory law
and (D) any freely disposable equity that has to be blocked for any loans granted by the Swiss Guarantor to a direct or indirect parent company of the Swiss Guarantor or a direct or indirect subsidiary of any parent company, in each case under
(A) through (D) to the extent such reserves must be maintained by mandatory law and precedents by the Swiss Federal Supreme Court; 

(c)    immediately after having been requested to perform Swiss Restricted Obligations under the Loan Documents, the
relevant Swiss Guarantor shall: 
 (i)    perform any Swiss Restricted Obligations which are not affected by the above
limitations; and 
 (ii)    in respect of any remainder, if and to the extent requested by the Administrative Agent or
required under then applicable Swiss law, provide the Administrative Agent with an interim balance sheet audited by the statutory auditors of such Swiss Guarantor setting out the Swiss Available Amount and, immediately thereafter, pay the Swiss
Available Amount (less, if required, any Swiss Withholding Tax) to the Administrative Agent to the extent not already covered by (i) above; 

(d)    in respect of Swiss Restricted Obligations, each Swiss Guarantor shall: 

(i)    if and to the extent required by applicable law in force at the relevant time: 

(A)    subject to any applicable double tax treaties, deduct the Swiss Withholding Tax at the rate of
thirty five percent (35%) (or such other rate as is in force at that time) from any payment made by it in respect of Swiss Restricted Obligations; 

(B)    pay any such deduction to the Swiss Federal Tax Administration; and 

(C)    notify and provide evidence to the Lenders that the Swiss Withholding Tax has been paid to the Swiss
Federal Tax Administration; and 
 (ii)    to the extent such deduction is made, not be required to make a gross-up indemnify or otherwise hold harmless the Finance Parties for the deduction of the Swiss Withholding Tax, notwithstanding anything to the contrary contained in the Loan Documents, unless such payment is
permitted under 

  
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the laws of Switzerland then in force. Each Swiss Guarantor shall use its best efforts to ensure that any person which is, as a result of a payment under the Loan Documents, entitled to a full or
partial refund of the Swiss Withholding Tax, will, as soon as possible after the deduction of the Swiss Withholding Tax, (x) request a refund of the Swiss Withholding Tax under any applicable law (including double tax treaties) and (y) pay
to the Administrative Agent upon receipt any amount so refunded; 
 (e)    each Swiss Guarantor shall, and its parent
shall procure that such Swiss Guarantor will, take and cause to be taken all and any other action, including, without limitation, the passing of any shareholders’ resolutions to approve any payment or other performance under this Agreement or
any other Loan Document and the receipt of any confirmations from such Swiss Guarantor’s auditors, which may be useful or required as a matter of Swiss mandatory law in force at the time it is required to make a payment or perform other
obligations under this Agreement or any other Loan Document in order to allow a prompt payment and performance of other obligations under this Agreement or any other Loan Document with a minimum of limitations; and 

(f)    if the enforcement of Swiss Restricted Obligations would be limited due to the effects referred to in this Clause
12.12, then such Swiss Guarantor shall to the extent permitted by applicable law and the relevant Swiss accounting standards and the Loan Documents (A) convert restricted reserves into profits and reserves freely available for the distribution
as dividends (B) revalue hidden reserves, (C) write-up or realize any of its assets that are shown in its balance sheet with a book value that is significantly lower than the market value of the
assets, in case of realization, however, only if such assets are not necessary for such Swiss Guarantor’s business (nicht betriebsnotwendig) and all such other measures necessary or useful to allow the Swiss Guarantor to make the
payments agreed hereunder with a minimum of limitations. 
 Section 12.13    Limitation on Guaranty by
Luxembourg Guarantor. 
 (a)    Notwithstanding anything to the contrary contained in this Agreement or in any other
Loan Documents, the aggregate obligations and exposure of a Luxembourg Guarantor in respect of the obligations of a member of the Restricted Group which is not a direct or indirect subsidiary of such Luxembourg Guarantor shall be limited at any time
to an aggregate amount not exceeding 95.0% of the greater of: 
 (i)    an amount equal to the sum of the Luxembourg
Guarantor’s Net Assets and its subordinated debt (dettes subordonnées) as referred to in the Luxembourg Act of 19 December 2002 on the Register of Commerce and Companies, on Accounting and on Annual Accounts of the Companies,
as amended, as reflected in the financial information of the Luxembourg Guarantor available to the Administrative Agent as at the date of this Agreement (or for any future Luxembourg Guarantor its accession as a Guarantor), including, without
limitation, its most recently and duly approved financial statements (comptes annuels) and any (unaudited) interim financial statements signed by its board of managers or directors; and 

(ii)    an amount equal to the sum of the Luxembourg Guarantor’s Net Assets and its subordinated debt (dettes
subordonnées) as referred to in the Luxembourg Act of 19 December 2002 on the Register of Commerce and Companies, on Accounting and on Annual Accounts of the Companies, as amended, as reflected in the financial information of the
Luxembourg Guarantor available to the Administrative Agent as at the date the guarantee is called , including, without limitation, its most recently and duly approved financial statements (comptes annuels) and any (unaudited) interim
financial statements signed by its board of managers or directors. 
 (b)    For this purpose, “Net Assets”
shall mean all the assets (actifs) of the Luxembourg Guarantor minus its liabilities (provisions et dettes) as determined in accordance with Luxembourg generally accepted accounting principles (Lux GAAP) or IFRS, as applicable, and the
relevant provisions of the Luxembourg Act of 19 December 2002 on the Register of Commerce and Companies, on Accounting and on Annual Accounts of the Companies, as amended. 

(c)    Should the financial information referred to in clause (a)(i) and (a)(ii) above not be available on the date of
this Agreement or on the date the guaranty is called, the Luxembourg Guarantor’s Net Assets will be determined by the Administrative Agent or any other person designated by the Administrative Agent, acting reasonably, in accordance with the
Luxembourg accounting principles applicable to the Luxembourg Guarantor and at the cost of the Luxembourg Guarantor. 

  
 191 

 The limitation set forth at paragraph (a) above shall not apply to any amounts borrowed
under this Agreement and made available, in any form whatsoever, to such Luxembourg Guarantor or any of its direct or indirect subsidiaries. 

The Luxembourg Guarantor’s obligations under this Article XII (Loan Guaranty) will not extend to include any obligations or
liabilities if such inclusion would constitute a breach of the financial assistance prohibitions contained at Article 49-6 (where applicable) of the Luxembourg act on commercial companies of 10 August
1915, as amended. 
 Section 12.14    Liability Cumulative. The liability of each Guarantor under this
Article XII is in addition to and shall be cumulative with all liabilities of such Guarantor to the Administrative Agent and the Lenders under this Agreement and the other Loan Documents to which such Guarantor is a party or in respect of any
obligations or liabilities of the other Guarantors, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary. 

Section 12.15    Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely,
unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Guarantor to honor all of its obligations under this Loan Guaranty in respect of Swap Obligations (provided,
however, that each Qualified ECP Guarantor shall only be liable under this Section 12.15 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this
Section 12.15, or otherwise under this Loan Guaranty, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor
under this Section 12.15 shall remain in full force and effect so long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations as to which no claim
has been asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (other than Letters of Credit
which have been Cash Collateralized). Each Qualified ECP Guarantor intends that this Section 12.15 constitute, and this Section 12.15 shall be deemed to constitute, a “keepwell, support, or
other agreement” for the benefit of each other Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

Section 12.16    Loan Guaranty Limitations. With respect to any Guarantor, this Loan Guaranty is subject to
any limitations set out in any Joinder Agreement applicable to such Guarantor. 
 [REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
 192 

 IN WITNESS WHEREOF, the parties hereto have caused this Credit Agreement to be duly executed as
of the date first written above. 
  

			
	U.S. BORROWER
	
	KLÖCKNER PENTAPLAST OF AMERICA, INC.
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Officer / Vice President
	
	GERMAN BORROWERS
	
	KP GERMANY ERSTE GMBH
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	 /s/ Stefan Brandt

	Name:	 	Stefan Brandt
	Title:	 	Managing Director
	
	KLÖCKNER PENTAPLAST GMBH
		
	By:	 	 /s/ Stefan Brandt

	Name:	 	Stefan Brandt
	Title:	 	Managing Director
		
	By:	 	 /s/ Dr. Rainer Rothermel

	Name:	 	Dr. Rainer Rothermel
	Title:	 	Managing Director
	
	PARENT
	
	 KLEOPATRA HOLDINGS 2
 acting by its
general partner and sole manager

	 KLEOPATRA HOLDINGS GP S.A.,
 itself
represented by its permanent representative

		
	By:	 	 /s/ Julien Goffin

	Name:	 	Julien Goffin
	Title:	 	permanent representative

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	HOLDINGS
	
	 KP HOLDING GMBH & CO. KG

represented by its general partner

	KP Holding Verwaltungs GmbH
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	 /s/ Stefan Brandt

	Name:	 	Stefan Brandt
	Title:	 	Managing Director
	
	INTERMEDIATE GERMAN HOLDINGS
	
	 KLÖCKNER PENTAPLAST GERMAN

HOLDING GMBH & CO. KG
 represented by its general
partner

	KP Holding Verwaltungs GmbH
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	 /s/ Stefan Brandt

	Name:	 	Stefan Brandt
	Title:	 	Managing Director
	
	INTERMEDIATE KPA HOLDINGS
	
	KP INTERNATIONAL HOLDING GMBH
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Managing Director
		
	By:	 	 /s/ Stefan Brandt

	Name:	 	Stefan Brandt
	Title:	 	Managing Director

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	GUARANTORS
	
	KLÖCKNER PENTAPLAST OF
	AMERICA/WITT PLASTICS, INC.
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Authorized Signatory
	
	INTERTRANS CARRIER COMPANY
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Authorized Signatory
	
	KP INVESTMENT HOLDINGS, LLC
	
	By: KLÖCKNER PENTAPLAST OF AMERICA,
	INC., as the sole member and manager
		
	By:	 	 /s/ Dr. Markus Hölzl

	Name:	 	Dr. Markus Hölzl
	Title:	 	Officer / Vice President
	
	KLEOPATRA UK LIMITED
		
	By:	 	 /s/ Giles Peacock

	Name:	 	Giles Peacock
	Title:	 	Director
		
	By:	 	 /s/ John Myers

	Name:	 	John Myers
	Title:	 	Director
	
	KLÖCKNER PENTAPLAST LIMITED
		
	By:	 	 /s/ Giles Peacock

	Name:	 	Giles Peacock
	Title:	 	Director
		
	By:	 	 /s/ John Myers

	Name:	 	John Myers
	Title:	 	Director

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	KLÖCKNER PENTAPLAST SCHWEIZ AG
		
	By:	 	 /s/ Stefan Brandt

	Name:	 	Stefan Brandt
	Title:	 	Chairman of Administrative Board
		
	By:	 	 /s/ Dr. Rainer Rothermel

	Name:	 	Dr. Rainer Rothermel
	Title:	 	Member of Administrative Board
	
	KLÖCKNER PENTAPLAST EUROPE GMBH &
	 CO. KG
 represented by its general
partner

	Klöckner Pentaplast GmbH
		
	By:	 	 /s/ Stefan Brandt

	Name:	 	Stefan Brandt
	Title:	 	Managing Director
		
	By:	 	 /s/ Dr. Rainer Rothermel

	Name:	 	Dr. Rainer Rothermel
	Title:	 	Managing Director
	
	KLEOPATRA LUX 2 S.À R.L.
		
	By:	 	 /s/ Julien Goffin

	Name:	 	Julien Goffin
	Title:	 	Manager — authorised representative

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	ADMINISTRATIVE AGENT
	
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
		
	By:	 	 /s/ Robert Hetu

	Name:	 	Robert Hetu
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Remy Riester

	Name:	 	Remy Riester
	Title:	 	Authorized Signatory

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS
	BRANCH, as a Lender
		
	By:	 	 /s/ Robert Hetu

	Name:	 	Robert Hetu
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Remy Riester

	Name:	 	Remy Riester
	Title:	 	Authorized Signatory

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Rob Azurdia

	Name:	 	Rob Azurdia
	Title:	 	Director

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	DEUTSCHE BANK AG LONDON BRANCH, as a Lender
		
	By:	 	 /s/ Jeremy Selway

	Name:	 	Jeremy Selway
	Title:	 	Managing Director, Deutsche Bank
		
	By:	 	 /s/ Ray Dukes

	Name:	 	Ray Dukes
	Title:	 	Vice President

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT 

 
			
	JEFFERIES FINANCE LLC, as a Lender
		
	By:	 	 /s/ Brian Buoye

	Name:	 	Brian Buoye
	Title:	 	Managing Director

  
 SIGNATURE PAGE TO SENIOR
SECURED CREDIT AGREEMENT

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