Document:

EX-4.I

 Exhibit 4(i) 
 EXECUTION VERSION 
  
  

UNITED TECHNOLOGIES CORPORATION 
 TO 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

Trustee 
  

 
 Junior
Subordinated Indenture 
 Dated as of June 18, 2012 

 
  

 
  

 UNITED TECHNOLOGIES CORPORATION 

Reconciliation and tie between Trust Indenture Act of 1939, 
 as amended, and the Junior Subordinated Indenture, dated as of June 18, 2012 

Trust Indenture 

Act Section Indenture Section 
  

					
	 (S) 310(a)(1)
	 		  	609
	 (a)(2)
	 		  	609
	 (a)(3)
	 		  	Not Applicable
	 (a)(4)
	 		  	Not Applicable
	 (a)(5)
	 		  	608
	 (b)
	 		  	608, 610
	 (S) 311(a)
	 		  	613(a)
	 (b)
	 		  	613(b)
	 (b)(2)
	 		  	613(b)
	 (S) 312(a)
	 		  	701, 702(a)
	 (b)
	 		  	702(b)
	 (c)
	 		  	702(c)
	 (S) 313(a)
	 		  	703(a)
	 (b)
	 		  	703(a)
	 (c)
	 		  	703(a)
	 (d)
	 		  	703(b)
	 (S) 314(a)
	 		  	704, 1004
	 (b)
	 		  	Not Applicable
	 (c)(1)
	 		  	102
	 (c)(2)
	 		  	102
	 (c)(3)
	 		  	Not Applicable
	 (d)
	 		  	Not Applicable
	 (e)
	 		  	102
	 (S) 315(a)
	 		  	601(a)
	 (b)
	 		  	602
	 (c)
	 		  	601(b)
	 (d)(1)
	 		  	601(a)(1)
	 (d)(2)
	 		  	601(c)(2)
	 (d)(3)
	 		  	601(c)(3)
	 (e)
	 		  	514
	 (S) 316(a)(1)(A)
	 		  	502, 512
	 (a)(1)(B)
	 		  	513
	 (a)(2)
	 		  	Not Applicable
	 (b)
	 		  	508
	 (c)
	 		  	104(f)
	 (S) 317(a)(1)
	 		  	503
	 (a)(2)
	 		  	504
	 (b)
	 		  	1003
	 (S) 318(a)
	 		  	107

  

	Note: 	This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

  
 - i -

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	RECITALS OF THE COMPANY	  	 	1	  
		
	ARTICLE ONE	  			
		
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  			
			
	 SECTION 101.
	 	Definitions	  	 	1	  
	 SECTION 102.
	 	Compliance Certificates and Opinions	  	 	11	  
	 SECTION 103.
	 	Form of Documents Delivered to Trustee	  	 	12	  
	 SECTION 104.
	 	Acts of Holders	  	 	12	  
	 SECTION 105.
	 	Notices, Etc., to Trustee and Company	  	 	14	  
	 SECTION 106.
	 	Notice to Holders; Waiver	  	 	14	  
	 SECTION 107.
	 	Conflict With Trust Indenture Act	  	 	15	  
	 SECTION 108.
	 	Effect of Headings and Table of Contents	  	 	15	  
	 SECTION 109.
	 	Successors and Assigns	  	 	15	  
	 SECTION 110.
	 	Separability Clause	  	 	15	  
	 SECTION 111.
	 	Benefits of Indenture	  	 	15	  
	 SECTION 112.
	 	Governing Law	  	 	16	  
	 SECTION 113.
	 	Legal Holidays	  	 	16	  
	 SECTION 114.
	 	Waiver of Jury Trial	  	 	16	  
	 SECTION 115.
	 	Force Majeure	  	 	16	  
		
	ARTICLE TWO	  			
		
	SECURITY FORMS	  			
			
	 SECTION 201.
	 	Forms Generally	  	 	16	  
	 SECTION 202.
	 	Form of Trustee’s Certificate of Authentication	  	 	17	  
	 SECTION 203.
	 	Securities Issuable in Global Form	  	 	17	  
		
	ARTICLE THREE	  			
		
	THE SECURITIES	  			
			
	 SECTION 301.
	 	Amount Unlimited; Issuable in Series	  	 	18	  
	 SECTION 302.
	 	Denominations	  	 	22	  
	 SECTION 303.
	 	Execution, Authentication, Delivery and Dating	  	 	22	  
	 SECTION 304.
	 	Temporary Securities	  	 	24	  
	 SECTION 305.
	 	Registration, Registration of Transfer and Exchange	  	 	26	  
	 SECTION 306.
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	28	  
	 SECTION 307.
	 	Payment of Interest; Interest Rights Preserved; Optional Interest Reset	  	 	29	  
	 SECTION 308.
	 	Optional Extension of Maturity	  	 	32	  
	 SECTION 309.
	 	Persons Deemed Owners	  	 	32	  

  
 - ii -

							
	 SECTION 310.
	 	Cancellation	  	 	33	  
	 SECTION 311.
	 	Computation of Interest	  	 	33	  
	 SECTION 312.
	 	Currency and Manner of Payments in Respect of Securities	  	 	33	  
	 SECTION 313.
	 	Appointment and Resignation of Successor Exchange Rate Agent	  	 	37	  
	 SECTION 314.
	 	Extension of Interest Payment	  	 	37	  
	 SECTION 315.
	 	CUSIP Numbers	  	 	37	  
		
	ARTICLE FOUR	  			
		
	SATISFACTION AND DISCHARGE	  			
			
	 SECTION 401.
	 	Satisfaction and Discharge of Indenture	  	 	38	  
	 SECTION 402.
	 	Application of Trust Money	  	 	39	  
		
	ARTICLE FIVE	  			
		
	REMEDIES	  			
			
	 SECTION 501.
	 	Events of Default	  	 	39	  
	 SECTION 502.
	 	Acceleration of Maturity; Rescission and Annulment	  	 	40	  
	 SECTION 503.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	41	  
	 SECTION 504.
	 	Trustee May File Proofs of Claim	  	 	42	  
	 SECTION 505.
	 	Trustee May Enforce Claims Without Possession of Securities	  	 	43	  
	 SECTION 506.
	 	Application of Money Collected	  	 	43	  
	 SECTION 507.
	 	Limitation on Suits	  	 	43	  
	 SECTION 508.
	 	Unconditional Right of Holders to Receive Principal, Premium and Interest	  	 	44	  
	 SECTION 509.
	 	Restoration of Rights and Remedies	  	 	45	  
	 SECTION 510.
	 	Rights and Remedies Cumulative	  	 	45	  
	 SECTION 511.
	 	Delay or Omission Not Waiver	  	 	45	  
	 SECTION 512.
	 	Control by Holders	  	 	45	  
	 SECTION 513.
	 	Waiver of Past Defaults	  	 	45	  
	 SECTION 514.
	 	Undertaking for Costs	  	 	46	  
	 SECTION 515.
	 	Waiver of Stay or Extension Laws	  	 	46	  
		
	ARTICLE SIX	  			
		
	THE TRUSTEE	  			
			
	 SECTION 601.
	 	Certain Duties and Responsibilities	  	 	47	  
	 SECTION 602.
	 	Notice of Defaults	  	 	48	  
	 SECTION 603.
	 	Certain Rights of Trustee	  	 	48	  
	 SECTION 604.
	 	Trustee Not Responsible for Recitals or Issuance of Securities	  	 	49	  
	 SECTION 605.
	 	May Hold Securities	  	 	50	  
	 SECTION 606.
	 	Money Held in Trust	  	 	50	  
	 SECTION 607.
	 	Compensation and Reimbursement	  	 	50	  
	 SECTION 608.
	 	Disqualification; Conflicting Interests	  	 	50	  

  
 - iii -

							
	 SECTION 609.
	 	Corporate Trustee Required; Eligibility	  	 	51	  
	 SECTION 610.
	 	Resignation and Removal; Appointment of Successor	  	 	51	  
	 SECTION 611.
	 	Acceptance of Appointment by Successor	  	 	52	  
	 SECTION 612.
	 	Merger, Conversion, Consolidation or Succession to Business	  	 	53	  
	 SECTION 613.
	 	Preferential Collection of Claims Against Company	  	 	54	  
	 SECTION 614.
	 	Appointment of Authenticating Agent	  	 	57	  
		
	ARTICLE SEVEN	  			
		
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  			
			
	 SECTION 701.
	 	Company to Furnish Trustee Names and Addresses of Holders	  	 	59	  
	 SECTION 702.
	 	Preservation of Information; Communications to Holders	  	 	59	  
	 SECTION 703.
	 	Reports by Trustee	  	 	60	  
	 SECTION 704.
	 	Reports by Company	  	 	61	  
		
	ARTICLE EIGHT	  			
		
	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  			
			
	 SECTION 801.
	 	Company May Consolidate, Etc., Only on Certain Terms	  	 	62	  
	 SECTION 802.
	 	Successor Corporation Substituted	  	 	62	  
		
	ARTICLE NINE	  			
		
	SUPPLEMENTAL INDENTURES	  			
			
	 SECTION 901.
	 	Supplemental Indentures Without Consent of Holders	  	 	63	  
	 SECTION 902.
	 	Supplemental Indentures With Consent of Holders	  	 	64	  
	 SECTION 903.
	 	Execution of Supplemental Indentures	  	 	65	  
	 SECTION 904.
	 	Effect of Supplemental Indentures	  	 	65	  
	 SECTION 905.
	 	Conformity With Trust Indenture Act	  	 	65	  
	 SECTION 906.
	 	Reference in Securities to Supplemental Indentures	  	 	65	  
		
	ARTICLE TEN	  			
		
	COVENANTS	  			
			
	 SECTION 1001.
	 	Payment of Principal, Premium and Interest	  	 	66	  
	 SECTION 1002.
	 	Maintenance of Office or Agency	  	 	66	  
	 SECTION 1003.
	 	Money for Securities Payments to Be Held in Trust	  	 	67	  
	 SECTION 1004
	 	Statement as to Compliance	  	 	68	  
	 SECTION 1005.
	 	Payment of Taxes and Other Claims	  	 	69	  
	 SECTION 1006.
	 	Maintenance of Principal Properties	  	 	69	  
	 SECTION 1007.
	 	Corporate Existence	  	 	69	  
	 SECTION 1008.
	 	Reserved	  	 	69	  
	 SECTION 1009.
	 	Reserved	  	 	69	  
	 SECTION 1010.
	 	Additional Amounts	  	 	69	  
	 SECTION 1011.
	 	Waiver of Certain Covenants	  	 	70	  

  
 - iv -

							
	ARTICLE ELEVEN	  			
		
	REDEMPTION OF SECURITIES	  			
			
	 SECTION 1101.
	 	Applicability of Article	  	 	70	  
	 SECTION 1102.
	 	Election to Redeem; Notice to Trustee	  	 	70	  
	 SECTION 1103.
	 	Selection by Trustee of Securities to Be Redeemed	  	 	70	  
	 SECTION 1104.
	 	Notice of Redemption	  	 	71	  
	 SECTION 1105.
	 	Deposit of Redemption Price	  	 	72	  
	 SECTION 1106.
	 	Securities Payable on Redemption Date	  	 	72	  
	 SECTION 1107.
	 	Securities Redeemed in Part	  	 	73	  
		
	ARTICLE TWELVE	  			
		
	SINKING FUNDS	  			
			
	 SECTION 1201.
	 	Applicability of Article	  	 	73	  
	 SECTION 1202.
	 	Satisfaction of Sinking Fund Payments With Securities	  	 	73	  
	 SECTION 1203.
	 	Redemption of Securities for Sinking Fund	  	 	74	  
		
	ARTICLE THIRTEEN	  			
		
	REPAYMENT AT OPTION OF HOLDERS	  			
			
	 SECTION 1301.
	 	Applicability of Article	  	 	75	  
	 SECTION 1302.
	 	Repayment of Securities	  	 	75	  
	 SECTION 1303.
	 	Exercise of Option	  	 	75	  
	 SECTION 1304.
	 	When Securities Presented for Repayment Become Due and Payable	  	 	76	  
	 SECTION 1305.
	 	Securities Repaid in Part	  	 	76	  
		
	ARTICLE FOURTEEN	  			
		
	DEFEASANCE AND COVENANT DEFEASANCE	  			
			
	 SECTION 1401.
	 	Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance	  	 	76	  
	 SECTION 1402.
	 	Defeasance and Discharge	  	 	76	  
	 SECTION 1403.
	 	Covenant Defeasance	  	 	77	  
	 SECTION 1404.
	 	Conditions to Defeasance or Covenant Defeasance	  	 	77	  
	 SECTION 1405.
	 	Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions	  	 	79	  

  
 - v -

							
	ARTICLE FIFTEEN	  			
		
	MEETINGS OF HOLDERS OF SECURITIES	  			
			
	 SECTION 1501.
	 	Purposes for Which Meetings May Be Called	  	 	80	  
	 SECTION 1502.
	 	Call, Notice and Place of Meetings	  	 	80	  
	 SECTION 1503.
	 	Persons Entitled to Vote at Meetings	  	 	81	  
	 SECTION 1504.
	 	Quorum; Action	  	 	81	  
	 SECTION 1505.
	 	Determination of Voting Rights; Conduct and Adjournment of Meetings	  	 	82	  
	 SECTION 1506.
	 	Counting Votes and Recording Action of Meetings	  	 	82	  
		
	ARTICLE SIXTEEN	  			
		
	 IMMUNITY OF INCORPORATORS, STOCKHOLDERS,

OFFICERS, DIRECTORS AND EMPLOYEES
	  			
			
	 SECTION 1601.
	 	Exemption from Individual Liability	  	 	83	  
		
	ARTICLE SEVENTEEN	  			
		
	SUBORDINATION OF SECURITIES	  			
			
	 SECTION 1701.
	 	Securities Subordinate to Senior Indebtedness of the Company	  	 	83	  
	 SECTION 1702.
	 	Payment Over of Proceeds of Securities	  	 	84	  
	 SECTION 1703.
	 	Reserved	  	 	85	  
	 SECTION 1704.
	 	Subrogation	  	 	85	  
	 SECTION 1705.
	 	Obligation of the Company Unconditional	  	 	86	  
	 SECTION 1706.
	 	Trustee as Holder of Senior Indebtedness of the Company	  	 	87	  
	 SECTION 1707.
	 	Notice to Trustee to Effectuate Subordination	  	 	87	  
	 SECTION 1708.
	 	Modification, Extension, Etc., of Senior Indebtedness of the Company	  	 	87	  
	 SECTION 1709.
	 	Trustee Has No Fiduciary Duty to Holders of Senior Indebtedness of the Company	  	 	87	  
	 SECTION 1710.
	 	Paying Agents Other than the Trustee	  	 	88	  
	 SECTION 1711.
	 	Rights of Holders of Senior Indebtedness of the Company Not Impaired	  	 	88	  

  
 - vi -

 JUNIOR SUBORDINATED INDENTURE, dated as of June 18, 2012, between UNITED TECHNOLOGIES CORPORATION, a
corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”), having its principal office at United Technologies Building, Hartford, Connecticut 06101, and THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., a national banking association, as Trustee (herein called the “Trustee”). 
 RECITALS OF
THE COMPANY 
 The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
unsecured junior subordinated debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as in this Indenture provided. 

All things necessary to make this Indenture a legal valid and binding agreement of the Company, in accordance with its terms, have been done. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For
and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of series thereof, as follows:

 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 SECTION
101. Definitions. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (1) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 

(2) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein,
have the meanings assigned to them therein; 
 (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required
or permitted hereunder shall mean such accounting principles as are generally accepted at the date of such computation; and 
 (4) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other
subdivision. 
 Certain terms, used principally in Articles Six and Fourteen are defined in those Articles. 

 “Act,” when used with respect to any Holder, has the meaning specified in Section 104.

 “Additional Amounts” has the meaning specified in Section 1010. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Authenticating Agent” means any Person authorized by the Trustee to act on behalf of the Trustee to authenticate Securities. 
 “Authorized Newspaper” means a newspaper, in the English language or in an official language of the country of publication, customarily published on each Business Day, whether or not
published on Saturdays, Sundays or holidays, and of general circulation in each place in connection with which the term is used or in the financial community of each such place. Where successive publications are required to be made in Authorized
Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day. 
 “Bearer Security” means any Security except a Registered Security. 

“Board of Directors” means either the board of directors of the Company or any duly authorized committee of that board. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly
adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day,” when used with respect to any Place of Payment or any other particular location referred to in this Indenture or in the
Securities, means, unless otherwise specified with respect to any Securities pursuant to Section 301, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or other
location are authorized or obligated by law or executive order to close. 
 “Clearstream” means Clearstream Banking, societe
anonyme, or the successor to its securities clearance and settlement operations. 
 “Commission” means the Securities and
Exchange Commission, as from time to time constituted, created under the Securities Exchange Act of 1934, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under
the Trust Indenture Act, then the body performing such duties at such time. 
 “Common Depository” has the meaning specified in
Section 304. 

  
 -2-

 “Company” means the Person named as the “Company” in the first paragraph of this
instrument until a successor corporation shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor corporation. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by its
Chairman, its President, any Vice President, its Treasurer or an Assistant Treasurer, and delivered to the Trustee. 
 “Consolidated Net
Tangible Assets” means the total amount of assets (less applicable reserves and other properly deductible items) after deducting therefrom (i) all current liabilities (excluding any thereof which are by their terms extendible or
renewable at the option of the obligor thereon to a time more than 12 months after the time as of which the amount thereof is being computed), and (ii) all good will, trade names, trademarks, patents, unamortized debt discount and expense and
other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with generally accepted accounting principles. 

“Conversion Date” has the meaning specified in Section 312(d). 
 “Conversion Event” means the cessation of use of (i) a Foreign Currency by the government of the country which issued such currency and for the settlement of transactions by a
central bank or other public institutions of or within the international banking community, (ii) the Euro both within the European Monetary Union and for the settlement of transactions by public institutions of or within the European Union or
(iii) any currency unit (or composite currency) for the purposes for which it was established. 
 “Corporate Trust Office”
means a principal office of the Trustee at which, at any particular time, its corporate trust business shall be administered, which office at the date hereof is located at 525 William Penn Place, 38th Floor, Pittsburgh, PA 15259, Attention:
Corporate Trust Administration, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor
Trustee may designate from time to time by notice to the Holders and the Company); provided, however, that for purposes of payments, transfers, exchanges, presentment or surrender of Certificates, the Corporate Trust Office shall be located at the
agency office of the Trustee at 101 Barclay Street, 8W, New York, New York 10286, Attention Corporate Trust Division—Corporate Finance Unit, or such other address in the Borough of Manhattan, The City of New York as the Trustee may designate
from time to time by notice to the Company, or the corporate trust office in the Borough of Manhattan, The City of New York of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the
Company). 
 “corporation” includes corporations, associations, companies and business trusts. 

“coupon” means any interest coupon appertaining to a Bearer Security. 
 “Defaulted Interest” has the meaning specified in Section 307. 

“Depository” means the Depository Trust Company. 

  
 -3-

 “Dollar” or “$” means a dollar or other equivalent unit in such coin or
currency of the United States of America as at the time shall be legal tender for the payment of public and private debts. 
 “Dollar
Equivalent of the Currency Unit” has the meaning specified in Section 312(g). 
 “Dollar Equivalent of the Foreign
Currency” has the meaning specified in Section 312(f). 
 “Election Date” has the meaning specified in
Section 312(h). 
 “Euro” means the single currency of the European Monetary Union adopted by eleven member states of the
European Union on January 1, 1999. 
 “Euroclear” means Euroclear S.A./N.V., a company organized under the laws of
Belgium, as operator of the Euroclear System, or its successor in such capacity. 
 “European Monetary Union” means the
Economic and Monetary Union established by the Single European Act and the Treaty on European Union. 
 “European Union” means
the union established among the signatories to the Treaty on European Union. 
 “Event of Default” has the meaning specified in
Section 501. 
 “Exchange Date” has the meaning specified in Section 304. 

“Exchange Rate Agent,” with respect to Securities of or within any series, means, unless otherwise specified with respect to any
Securities pursuant to Section 301, a New York Clearing House bank, designated pursuant to Section 301 or Section 313. 

“Exchange Rate Officer’s Certificate” means a tested telex or a certificate setting forth (i) the applicable Market Exchange
Rate and (ii) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount determined in accordance with
Section 302 in the relevant currency or currency unit), payable with respect to a Security of any series on the basis of such Market Exchange Rate, sent (in the case of a telex) or signed (in the case of a certificate) by the Treasurer, any
Vice President or any Assistant Treasurer of the Company. 
 “Extension Notice” has the meaning specified in Section 308.

 “Extension Period” has the meaning specified in Section 308. 
 “Foreign Currency” means any currency, composite currency or currency unit, including without limitation, the Euro, issued by the government of one or more countries other than the United
States or by any recognized confederation, union or association of such governments. 
 “Government Obligations” means, unless
otherwise specified with respect to any series of Securities pursuant to Section 301, securities which are (i) direct obligations of the government (including the European Union) which issued the currency in which the Securities of a
particular 

  
 -4-

 
series are payable or, with respect to a particular series of Securities payable in Euros, direct obligations of the government of any of the European Union member states which have adopted the
Euro as their lawful currency or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the government or entity which issued the currency (or, in the case of a series of Securities payable in
Euros, a government of a member state of the European Union which has adopted the Euro as its lawful currency) in which the Securities of such series are payable, the payment of which is unconditionally guaranteed by such government, which, in
either case, are full faith and credit obligations of such government payable in such currency and are not callable or redeemable at the option of the issuer thereof and shall also include a depository receipt issued by a bank or trust company as
custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt; provided that (except
as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of
interest or principal of the Government Obligation evidenced by such depository receipt. 
 “Holder” means in the case of a
Registered Security the Person in whose name a Security is registered in the Security Register and in the case of a Bearer Security the bearer thereof and, when used with respect to any coupon, shall mean the bearer thereof. 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more
indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established as contemplated by Section 301; provided, however, that if at any
time more than one Person is acting as Trustee under this instrument, “Indenture” shall mean with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from
time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities for which such Person is Trustee
established as contemplated by Section 301, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and
exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto executed and delivered after such Person had become such Trustee but to which such Person, as such Trustee, was not a party. 

“Indexed Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more
or less than the principal face amount thereof at original issuance. 
 “Industrial Development Bonds” means obligations issued
by a State, a Commonwealth, a Territory or a possession of the United States of America, or any political subdivision of any of the foregoing, or the District of Columbia, the interest on which is excludable from gross income of the holders thereof
pursuant to the provisions of Section 103(a) of the Internal Revenue Code of 1986, as amended (or any similar provision), as in effect at the time of the issuance of such obligations. 

  
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 “interest,” when used with respect to an Original Issue Discount Security which by its
terms bears interest only after Maturity, means interest payable after Maturity at the rate prescribed in such Original Issue Discount Security. 
 “Interest Payment Date,” when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 

“Market Exchange Rate” means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any
conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to
Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon (New York City time) buying rate for such Foreign Currency for cable transfers quoted in New York City as
certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in
accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London
or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the
unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii) the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank
of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall
deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such
currency or currency unit shall be that upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit in order to make payments in respect of such securities. 

“Maturity,” when used with respect to any Security, means the date on which the principal of such Security or an installment of
principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Officers’ Certificate” means a certificate signed by the Chairman, the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant
Secretary of the Company, and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion of counsel, who may be
counsel for the Company, including an employee of the Company, and who shall be acceptable to the Trustee. 
 “Optional Reset
Date” has the meaning specified in Section 307(b). 

  
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 “Original Issue Discount Security” means any Security which provides for an amount less
than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502. 
 “Original Stated Maturity” has the meaning specified in Section 308. 

“Outstanding,” when used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated
and delivered under this Indenture, except: 
 (i) Securities theretofore cancelled by the Trustee or delivered
to the Trustee for cancellation; 
 (ii) Securities, or portions thereof, for whose payment or redemption or
repayment at the option of the Holder money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act
as its own Paying Agent) for the Holders of such Securities and any coupons appertaining thereto; provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee has been made; 
 (iii) Securities, except to the extent provided in
Sections 1402 and 1403, with respect to which the Company has effected defeasance and/or covenant defeasance as provided in Article Fourteen; and 
 (iv) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any
such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; provided,
however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of
Holders for quorum purposes, and for the purpose of making the calculations required by Section 703, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that
shall be deemed to be Outstanding for such purpose shall be equal to the amount of principal thereof that would be (or shall have been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the
maturity thereof pursuant to Section 502, (ii) the principal amount of any Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose
shall be equal to the Dollar equivalent, determined as of the date such Security is originally issued by the Company as set forth in an Exchange Rate Officer’s Certificate delivered to the Trustee, of the principal amount (or, in the case of an
Original Issue Discount Security, the Dollar equivalent as of such date of original issuance of the amount determined as provided in clause (i) above), of such Security, (iii) the principal amount of any Indexed Security that may be
counted in making such determination or 

  
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calculation and that shall be deemed outstanding for such purpose shall be equal to the principal face amount of such Indexed Security at original issuance, unless otherwise provided with respect
to such Security pursuant to Section 301, and (iv) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in making such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which the Trustee knows to be so owned
shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and
that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 

“Paying Agent” means any Person authorized by the Company to pay the principal of (or premium, if any) or interest on any Securities on
behalf of the Company. 
 “Permitted Junior Securities” has the meaning specified in Section 1702. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated
organization or government or any agency or political subdivision thereof. 
 “Place of Payment,” when used with respect to the
Securities of or within any series, means the place or places where the principal of (and premium, if any) and interest on such Securities are payable as specified as contemplated by Sections 301 and 1002. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security or a Security to which a
mutilated, destroyed, lost or stolen coupon appertains shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security or the Security to which the mutilated, destroyed, lost or stolen coupons appertains, as the case
may be. 
 “Principal Property” means any manufacturing plant or warehouse, together with the land upon which it is erected and
fixtures comprising a part thereof, owned by the Company or any Wholly-Owned Domestic Manufacturing Subsidiary and located in the United States, the gross book value (without deduction of any reserve for depreciation) of which on the date as of
which the determination is being made is an amount which exceeds 1% of Consolidated Net Tangible Assets, other than any such manufacturing plant or warehouse or any portion thereof or any such fixture (together with the land upon which it is erected
and fixtures comprising a part thereof) (i) which is financed by Industrial Development Bonds or (ii) which, in the opinion of the Board of Directors, is not of material importance to the total business conducted by the Company and its
Subsidiaries, taken as a whole. 
 “Redemption Date,” when used with respect to any Security to be redeemed, means the date
fixed for such redemption by or pursuant to this Indenture. 

  
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 “Redemption Price,” when used with respect to any Security to be redeemed, means the price
at which it is to be redeemed pursuant to this Indenture. 
 “Registered Security” means any Security registered in the
Security Register. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Registered Securities
of or within any series means the date specified for that purpose as contemplated by Section 301. 
 “Repayment Date”
means, when used with respect to any Security to be repaid at the option of the Holder, the date fixed for such repayment by or pursuant to this Indenture. 
 “Repayment Price” means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.

 “Responsible Officer,” when used with respect to the Trustee, means any vice president, any assistant secretary, any
assistant treasurer, any trust officer or assistant trust officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above-designated officers, and also means, with respect to a particular
corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 

“Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and
delivered under this Indenture; provided, however, that if at any time there is more than one Person acting as Trustee under this instrument, “Securities” with respect to the Indenture as to which such Person is Trustee shall
have the meaning stated in the first recital of this instrument and shall more particularly mean Securities authenticated and delivered under this instrument, exclusive, however, of Securities of any series as to which such Person is not Trustee.

 “Security Register” and “Security Registrar” have the respective meanings specified in Section 305.

 “Senior Indebtedness” means all of the Company’s obligations whether presently existing or from time to time hereafter
incurred, created, assumed or existing, to pay principal, premium, interest, penalties, fees and any other payment in respect of any of the following: (a) indebtedness for borrowed money (other than indebtedness issued pursuant to this
Indenture), including, without limitation, such obligations as are evidenced by credit agreements, notes, debentures, bonds and similar instruments; (b) obligations under synthetic leases, finances leases and capitalized leases;
(c) obligations of the Company for reimbursement under letters of credit, banker’s acceptances, security purchase facilities or similar facilities issued for the account of the Company; (d) obligations of the Company with respect to
derivative contracts, including, without limitation, commodity contracts, interest rate, commodity and currency swap agreements, forward contracts and other similar agreements or arrangements designed to protect against fluctuations in commodity
prices, currency exchange or interest rates; (e) all obligations of the types referred to in clauses (a), (b), (c) and (d) above of others which the Company has assumed, guaranteed or otherwise becomes liable for, under any agreement,
(f) all obligations of the types 

  
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referred to in clauses (a), (b), (c) and (d) above of others which is secured by any lien on any property or assets of the Company (whether or not that obligation has been assumed by
the Company) and (g) amendments, modifications, renewals, extensions, deferrals and refundings of any of the indebtedness or obligations referred to in clauses (a), (b), (c), (d), (e), or (f) above, unless, in the case of any particular
indebtedness or obligation, the instrument creating or evidencing the same or the assumption or guarantee of the same expressly provides that such indebtedness or obligation is not superior in right of payment to or is pari passu with the
Securities, as the case may be; provided that trade obligations incurred in the ordinary course of business shall not be deemed to be Senior Indebtedness. 
 “Special Record Date” for the payment of any Defaulted Interest on the Registered Securities of or within any series means a date fixed by the Trustee pursuant to Section 307.

 “Stated Maturity,” when used with respect to any Security or any installment of principal thereof or interest thereon, means
the date specified in such Security or a coupon representing such installment of interest as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 

“Subsidiary” means any corporation of which at the time of determination the Company, directly and/or indirectly through one or more
Subsidiaries, owns more than 50% of the shares of Voting Stock. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939,
as amended, as in force at the date as of which this instrument was executed, except as provided in Section 905. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall
have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder; provided, however, that if at any time there is more than
one such Person, “Trustee” as used with respect to the Securities of any series shall mean only the Trustee with respect to Securities of that series. 
 “United States” means, unless otherwise specified with respect to any Securities pursuant to Section 301, the United States of America (including the States and the District of
Columbia), its territories, its possessions and other areas subject to its jurisdiction. 
 “United States person” means,
unless otherwise specified with respect to any Securities pursuant to Section 301, an individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the
United States or an estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

“Valuation Date” has the meaning specified in Section 312(c). 
 “Vice President,” when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title
“vice president.” 

  
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 “Voting Stock” means stock of the class or classes having general voting power under
ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of a corporation (irrespective of whether or not at the time stock of any other class or classes shall have or might have voting power by reason of
the happening of any contingency). 
 “Wholly-Owned Domestic Manufacturing Subsidiary” means any Subsidiary of which, at the
time of determination, all of the outstanding capital stock (other than directors’ qualifying shares) is owned by the Company directly and/or indirectly and which, at the time of determination, is primarily engaged in manufacturing, except a
Subsidiary (a) which neither transacts any substantial portion of its business nor regularly maintains any substantial portion of its fixed assets within the United States, or (b) which is engaged primarily in the finance business
including, without limitation thereto, financing the operations of, or the purchase of products which are products of or incorporate products of, the Company and/or its Subsidiaries, or (c) which is primarily engaged in ownership and
development of real estate, construction of buildings, or related activities, or a combination of the foregoing. In the event that there shall at any time be a question as to whether a Subsidiary is primarily engaged in manufacturing or is described
in the foregoing clause (a), (b) or (c), such matter shall be determined for all purposes of this Indenture by a Board Resolution. 
 SECTION 102. Compliance Certificates and Opinions. Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall
furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such
counsel all such conditions precedent, if any, have been complied with. 
 Every certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture shall include: 
 (1) a statement that each individual
signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of each such individual, he has made such examination or investigation as is
necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 The Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant
to this Indenture, which Officers’ Certificate may be signed by any one person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded.

  
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 SECTION 103. Form of Documents Delivered to Trustee. In any case where several
matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by
only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several
documents. 
 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate
or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is
based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with
respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous.

 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 SECTION
104. Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders of the Outstanding Securities of all series or one or more
series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents duly appointed in writing. If Securities of a series are issuable as Bearer
Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders of such series may, alternatively, be embodied in and evidenced by the record of Holders of
Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Securities of such series duly called and held in accordance with the provisions of Article Fifteen, or a
combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby
expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or
instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to
Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1506. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of
such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying 

  
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that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such
certificate or affidavit shall also constitute sufficient proof of authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the
Trustee deems sufficient. 
 (c) The principal amount and serial numbers of Registered Securities held by any Person, and the
date of holding the same, shall be proved by the Security Register. 
 (d) The principal amount and serial numbers of Bearer
Securities held by any Person, and the date of holding the same, may be proved by the production of such Bearer Securities or by a certificate executed, as depository, by any trust company, bank, banker or other depository, wherever situated, if
such certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned such Person had on deposit with such depository, or exhibited to it, the Bearer Securities therein described; or such facts may be proved
by the certificate or affidavit of the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer Security continues
until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other Person, or (3) such Bearer Security is
surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding. The principal amount and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may also be proved in
any other manner which the Trustee deems sufficient. 
 (e) Any request, demand, authorization, direction, notice, consent,
waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything
done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 (f) If the Company shall solicit from the Holder of any Security any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a
Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding
TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection
therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the
Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such
request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose Outstanding Securities shall be computed as of such record date. 

  
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 SECTION 105. Notices, Etc., to Trustee and Company. Any request, demand,
authorization, direction, notice, consent, waiver or Act of Holders or other documents provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 

(1) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished
or filed in writing to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or 
 (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the
Company addressed to it at the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, pdf, facsimile
transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such instructions or directions and containing specimen signatures of
such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee e-mail or facsimile instructions (or instructions by a
similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses
arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The Company agrees to assume all risks
arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third
parties. 
 SECTION 106. Notice to Holders; Waiver. Where this Indenture provides for notice of any event to Holders
of Registered Securities by the Company or the Trustee, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each such Holder affected by such event, at his
address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders of Registered Securities is given by mail, neither
the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of
Bearer Securities given as provided. 
 In case, by reason of the suspension of or irregularities in regular mail service or by reason of any
other cause, it shall be impractical to mail notice of any event to Holders of Registered Securities when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory
to the Trustee shall be deemed to be sufficient giving of such notice. 

  
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 Except as otherwise expressly provided herein or otherwise specified with respect to any Securities pursuant
to Section 301, where this Indenture provides for notice to Holders of Bearer Securities of any event, such notice shall be sufficiently given to Holders of Bearer Securities if published in an Authorized Newspaper in the City of New York and
in such other city or cities as may be specified in such Securities on a Business Day at least twice, the first such publication to be not earlier than the earliest date, and not later than the latest date, prescribed for the giving of such notice.

 In case by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it
shall be impracticable to publish any notice to Holders of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with the approval of the Trustee shall constitute sufficient notice to such
Holders for every purpose hereunder. Neither the failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the sufficiency of such notice with respect to other
Holders of Bearer Securities or the sufficiency of any notice to Holders of Registered Securities given as provided herein. 
 Any request,
demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication. 

Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such
waiver. 
 SECTION 107. Conflict With Trust Indenture Act. If any provision hereof limits, qualifies or conflicts
with another provision hereof which is required to be included in this Indenture by any of the provisions of the Trust Indenture Act, such required provision shall control. If any provision of this Indenture modifies or excludes any provision of the
Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded as the case may be. 
 SECTION 108. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.

 SECTION 109. Successors and Assigns. All covenants and agreements in this Indenture by the Company shall bind its
successors and assigns, whether so expressed or not. 
 SECTION 110. Separability Clause. In case any provision in
this Indenture or in any Security or coupon shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

SECTION 111. Benefits of Indenture. Nothing in this Indenture or in the Securities or coupons, express or implied, shall give
to any Person, other than the parties hereto, any Authenticating Agent, any Paying Agent, any Securities Registrar and their successors hereunder, the Holders of Securities or coupons, and, with respect to Article 17, the holders of Senior
Indebtedness, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

  
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 SECTION 112. Governing Law. This Indenture and the Securities and coupons shall
be governed by and construed in accordance with the law of the State of New York. 
 SECTION 113. Legal Holidays. In
any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of any Security or coupon other than a
provision in the Securities of any series which specifically states that such provision shall apply in lieu of this Section) payment of interest or principal (and premium, if any) need not be made at such Place of Payment on such date, but may be
made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity; provided that no interest shall accrue for the period from
and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be. 
 SECTION 114. Waiver of
Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES
OR THE TRANSACTION CONTEMPLATED HEREBY. 
 SECTION 115. Force Majeure. 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, strikes, work stoppages, accidents, acts of war or
terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall
use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 ARTICLE TWO 
 SECURITY FORMS 

SECTION 201. Forms Generally. The Registered Securities, if any, of each series and the Bearer Securities, if any, of each
series and related coupons shall be in substantially the forms as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities
exchange or as may, consistently herewith, be determined by the officers executing such Securities or coupons, as evidenced by their execution of the Securities or coupons. If the forms of Securities or coupons of any series are established by
action taken pursuant to a Board Resolution, a copy of an 

  
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appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order
contemplated by Section 303 for the authentication and delivery of such Securities or coupons. 
 Unless otherwise specified as
contemplated by Section 301, Securities in bearer form shall have interest coupons attached. 
 The Trustee’s certificate of
authentication on all Securities shall be in substantially the form set forth in this Article. 
 The definitive Securities and coupons shall be
printed, lithographed or engraved on steel-engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities or coupons. 

SECTION 202. Form of Trustee’s Certificate of Authentication. This is one of the Securities of the series designated
therein referred to in the within mentioned Indenture. 
  

							
	Date:
                            	 		 	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.,
 as Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 SECTION 203. Securities Issuable in Global Form. If Securities of or within a series are
issuable in global form, as specified as contemplated by Section 301, then, notwithstanding clause (8) of Section 301, any such Security shall represent such of the Outstanding Securities of such series as shall be specified therein
and may provide that it shall represent the aggregate amount of Outstanding Securities of such series from time to time endorsed thereon and that the aggregate amount of Outstanding Securities of such series represented thereby may from time to time
be reduced to reflect exchanges. Any endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner and upon
instructions given by such Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303 or Section 304. Subject to the provisions of Section 303 and, if applicable,
Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to
Section 303 or Section 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not comply with
Section 102 and need not be accompanied by an Opinion of Counsel. 
 The provisions of the last sentence of Section 303 shall apply to
any Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with
Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 303.

  
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 Notwithstanding the provisions of Section 307, unless otherwise specified as contemplated by
Section 301, payment of principal of and any premium and interest on any Security in permanent global form shall be made to the Person or Persons specified therein. 
 Notwithstanding the provisions of Section 309 and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company and the Trustee shall treat a Person as the
Holder of such principal amount of Outstanding Securities represented by a permanent global Security as shall be specified in a written statement, produced to the Trustee by such Person, or (i) in the case of a permanent global Security in
registered form, the Holder of such permanent global Security in registered form, or (ii) in the case of a permanent global Security in bearer form, Euroclear or Clearstream. 

ARTICLE THREE 

THE SECURITIES 

SECTION 301. Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities which may be authenticated
and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more series. There shall be established in one or
more Board Resolutions or pursuant to authority granted by one or more Board Resolutions, and subject to Section 303, set forth in, or determined in the manner provided in, an Officers’ Certificate, or established in one or more indentures
supplemental hereto, prior to the issuance of Securities of any series, any or all of the following, as applicable (each of which (except for the matters set forth in clauses (1), (2) and (18) below), if so provided, may be determined from
time to time by the Company with respect to unissued Securities of the series and set forth in such Securities of the series when issued from time to time): 
 (1) the title of the Securities of the series (which shall distinguish the Securities of the series from all other series of Securities); 

(2) any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered
under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1305); 

(3) the date or dates on which the principal of the Securities of the series is payable or the manner in which such dates
are determined or extended; 
 (4) the rate or rates, or the method by which such rate or rates shall be
determined, at which the Securities of the series shall bear interest, if any, the date or dates from which such interest shall accrue, or the method by which such date or dates shall be determined, the Interest Payment Dates on which such interest
shall be payable and the Regular Record Date for the interest payable on any Registered Security on any 

  
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Interest Payment Date, or the method by which such dates shall be determined, and the basis upon which interest shall be calculated if other than on the basis of a 360-day year of twelve 30-day
months; the right of the Company, if any, to extend or defer the interest payment periods and the duration of any such extension as contemplated by Section 314 and the other terms related to such extension; 

(5) the place or places where the principal of (and premium, if any) and any interest on Securities of the series shall be
payable, any Registered Securities of the series may be surrendered for registration of transfer, Securities of the series may be surrendered for exchange and notices or demands to or upon the Company in respect of the Securities of the series and
this Indenture may be served; 
 (6) the period or periods within which, the price or prices at which, the
currency, currencies, currency units or composite currencies in which, and other terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option;

 (7) the obligation, if any, of the Company to redeem, repay or purchase Securities of the series pursuant to
any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which, the currency, currencies, currency units or composite currencies in which, and other terms and
conditions upon which Securities of the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation; 
 (8) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which any Registered Securities of the series shall be issuable and if other than the denomination of
$5,000, the denomination or denominations in which any Bearer Securities of the series shall be issuable; 
 (9)
if other than the Trustee, the identity of the Security Registrar and/or Paying Agent; 
 (10) if other than the
principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502 or the method by which such portion shall be
determined; 
 (11) if other than Dollars, the coin or currency, currencies, currency unit or composite currency
in which payment of the principal of (and premium, if any) or interest, if any, on the Securities of the series shall be payable or in which the Securities of the series shall be denominated and the particular provisions applicable thereto in
accordance with, in addition to or in lieu of any of the provisions of Section 312; 
 (12) the terms, if
any, upon which Securities of the series may be convertible into the common stock of the Company and the terms and conditions upon which the conversion shall be effected, including the initial conversion price or rate, the conversion period, and any
other additional provisions; 

  
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 (13) if the amount of payments of principal of (and premium, if any) or
interest on the Securities of the series may be determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or more currencies, currency units, composite currencies,
commodities, equity indices or other indices), the manner in which such amounts shall be determined; 
 (14) if
the principal of (and premium, if any) and interest, if any, on the Securities of the series are to be payable, at the election of the Company or a Holder thereof, in a coin or currency, currencies, currency unit or composite currency other than
that in which such Securities are denominated or stated to be payable, the period or periods within which (including the Election Date), and the terms and conditions upon which, such election may be made, and the time and manner of determining the
exchange rate between the coin or currency, currencies, currency unit or composite currency in which such Securities are denominated or stated to be payable and the coin or currency, currencies, currency unit or composite currency in which such
Securities are to be so payable, in each case in accordance with, in addition to or in lieu of any of the provisions of Section 312; 
 (15) the designation of the initial Exchange Rate Agent, if any; 

(16) the applicability, if at all, of Sections 1402 and/or 1403 to the Securities of the series and any provisions in
modification of, in addition to or in lieu of the provisions of Article Fourteen; 
 (17) provisions, if any,
granting special rights to the Holders of Securities of the series upon the occurrence of such events as may be specified; 
 (18) any deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to Securities of the series, whether or not such Events of Default or covenants are
consistent with the Events of Default or covenants set forth herein; 
 (19) whether Securities of the series are
to be issuable as Registered Securities, Bearer Securities (with or without coupons) or both, any restrictions applicable to the offer, sale or delivery of Bearer Securities, whether any Securities of the series are to be issuable initially in
temporary global form and whether any Securities of the series are to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such permanent global Security may exchange such interests
for Securities of such series and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, and whether Registered Securities of
the series may be exchanged for Bearer Securities of the series (if permitted by applicable laws and regulations) and the circumstances under which and the place or places where such exchanges, if permitted, may be made and if Securities of the
series are to be issuable in global form, the identity of any initial depository therefor; 

  
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 (20) the date as of which any Bearer Securities of the series and any
temporary global Security representing Outstanding Securities of the series shall be dated if other than the date of original issuance of the first Security of the series to be issued; 

(21) the Person to whom any interest on any Registered Security of the series shall be payable, if other than the Person
in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person to whom, any interest on any Bearer Security of the series
shall be payable, if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary global Security on an Interest
Payment Date will be paid if other than in the manner provided in Section 304; 
 (22) if Securities of the
series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and/or
terms of such certificates, documents or conditions; 
 (23) if the Securities of the series are to be issued
upon the exercise of warrants, the time, manner and place for such Securities to be authenticated and delivered; 

(24) whether and under what circumstances the Company will pay Additional Amounts as contemplated by Section 1010 on
the Securities of the series to any Holder who is not a United States person (including any modification to the definition of such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company will have the option to
redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); and 
 (25)
any other terms, conditions, rights and preferences (or limitations on such rights and preferences) relating to the series (which terms shall not be inconsistent with the provisions of this Indenture). 

All Securities of any one series and the coupons appertaining to any Bearer Securities of such series shall be substantially identical except, in the
case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution (subject to Section 303) and set forth in such Officers’ Certificate or in any such indenture supplemental
hereto. Not all Securities of any one series need be issued at the same time, and, unless otherwise provided, a series may be reopened for issuances of additional Securities of such series. 
 The Securities of each series shall be subordinated in right of payment to Senior Indebtedness of the Company as provided in Article Seventeen. 
 If any of the terms of the series are established by action taken pursuant to one or more Board Resolutions, such Board Resolutions shall be delivered to the Trustee at or prior to the delivery of the
Officers’ Certificate setting forth the terms of the series. 

  
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 SECTION 302. Denominations. All Securities shall be issuable in such
denominations as shall be specified as contemplated by Section 301. With respect to Securities denominated in Dollars, in the absence of any such provisions, the Registered Securities, other than Registered Securities issued in global form
(which may be of any denomination) shall be issuable in denominations of $1,000 and any integral multiple thereof and the Bearer Securities other than the Bearer Securities issued in global form (which may be of any denomination) of such series
shall be issuable in a denomination of $5,000. 
 SECTION 303. Execution, Authentication, Delivery and Dating. The
Securities and any coupons appertaining thereto shall be executed on behalf of the Company by its Chairman, its President or one of its Vice Presidents, under its corporate seal reproduced thereon attested by its Secretary or one of its Assistant
Secretaries. The signature of any of these officers on the Securities or coupons may be the manual or facsimile signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced on the Securities.

 Securities or coupons bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall
bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities or coupons. 

At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series together with any
coupon appertaining thereto, executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and
deliver such Securities; provided, however, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States; and provided further that, unless
otherwise specified with respect to any series of Securities pursuant to Section 301, a Bearer Security may be delivered in connection with its original issuance only if the Person entitled to receive such Bearer Security shall have furnished a
certificate in the form set forth in Exhibit A to this Indenture, dated no earlier than 15 days prior to the earlier of the date on which such Bearer Security is delivered and the date on which any temporary Security first becomes exchangeable for
such Bearer Security in accordance with the terms of such temporary Security and this Indenture. If any Security shall be represented by a permanent global Bearer Security, then, for purposes of this Section and Section 304, the notation of a
beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary global Security shall be deemed to be delivery in connection with its original issuance of such beneficial owner’s
interest in such permanent global Security. Except as permitted by Section 306, the Trustee shall not authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled. If not
all the Securities of any series are to be issued at one time and if the Board Resolution or supplemental indenture establishing such series shall so permit, such Company Order may set forth procedures acceptable to the Trustee for the issuance of
such Securities and determining terms of particular Securities of such series such as interest rate, maturity date, date of issuance and date from which interest shall accrue. 

  
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 In authenticating such Securities, and accepting the additional responsibilities under this Indenture in
relation to such Securities, the Trustee shall receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating: 

(a) that the form or forms of such Securities and any coupons have been established in conformity with the provisions of
this Indenture; 
 (b) that the terms of such Securities and any coupons have been established in conformity with
the provisions of this Indenture; 
 (c) that such Securities, together with any coupons appertaining thereto,
when completed by appropriate insertions and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this Indenture and issued by the
Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute the legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy,
insolvency, reorganization and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights, to general equitable principles and to such other qualifications as such counsel shall conclude do not
materially affect the rights of Holders of such Securities and any coupons; 
 (d) that all laws and requirements
in respect of the execution and delivery by the Company of the Securities, any coupons and of the supplemental indentures, if any, have been complied with and that authentication and delivery of the Securities and any coupons and the execution and
delivery of the supplemental indenture, if any, by the Trustee will not violate the terms of the Indenture; 

(e) that the Company has the corporate power to issue such Securities and any coupons, and has duly taken all necessary
corporate action with respect to such issuance; and 
 (f) that the issuance of such Securities and any coupons
will not contravene the articles of incorporation or by-laws of the Company or result in any violation of any of the terms or provisions of any law or regulation or of any indenture, mortgage or other agreement known to such Counsel by which the
Company is bound. 
 Notwithstanding the provisions of Section 301 and of the preceding two paragraphs, if not all the Securities of any
series are to be issued at one time, it shall not be necessary to deliver the Officer’s Certificate otherwise required pursuant to Section 301 or the Company Order and Opinion of Counsel otherwise required pursuant to the preceding two
paragraphs prior to or at the time of issuance of each Security, but such documents shall be delivered prior to or at the time of issuance of the first Security of such series. 
 The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the
Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 

  
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 Each Security shall be dated the date of its authentication. 

No Security or coupon shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in the form provided for herein, executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has
been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the
Company shall deliver such Security to the Trustee for cancellation as provided in Section 310 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) stating that
such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture.

 SECTION 304. Temporary Securities. Pending the preparation of definitive Securities of any series, the Company
may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the
definitive Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more coupon or without coupons, and with such appropriate insertions, omissions, substitutions and other variations as the
officers executing such Securities may determine, as evidenced by their execution of such Securities. In the case of Securities of any series, such temporary Securities may be in global form. 
 Except in the case of temporary Securities in global form (which shall be exchanged in accordance with the provisions of the following paragraphs), if temporary Securities of any series are issued, the
Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities
of such series, upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary
Securities of any series (accompanied by any unmatured coupons appertaining thereto) the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of
authorized denominations; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and provided, further, that a definitive Bearer Security shall be
delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 303. Until so exchanged the temporary Securities of any series shall in all respects be entitled to the same benefits under this
Indenture as definitive Securities of such series. 
 Without unnecessary delay but in any event not later than the date specified in, or
determined pursuant to the terms of, any such temporary global Security (the “Exchange Date”), the Company shall deliver to the Trustee definitive Securities, in aggregate principal amount equal to the principal amount of such
temporary global Security, executed by the Company. On or after the Exchange Date such temporary global Security shall be surrendered by the Common 

  
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Depository to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge and the Trustee shall
authenticate and deliver, in exchange for each portion of such temporary global Security, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such temporary
global Security to be exchanged. The definitive Securities to be delivered in exchange for any such temporary global Security shall be in bearer form, registered form, permanent global bearer form or permanent global registered form, or any
combination thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as requested by the beneficial owner thereof; provided, however, that, unless otherwise specified in such temporary
global Security, upon such presentation by the Common Depository, such temporary global Security is accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such temporary global Security
held for its account then to be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Clearstream as to the portion of such temporary global Security held for its account then to be exchanged, each in the form set
forth in Exhibit B to this Indenture (or in such other form as may be established pursuant to Section 301); and provided, further, that definitive Bearer Securities shall be delivered in exchange for a portion of a temporary
global Security only in compliance with the requirements of Section 303. 
 Unless otherwise specified in such temporary global Security,
the interest of a beneficial owner of Securities of a series in a temporary global Security shall be exchanged for definitive Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear or
Clearstream, as the case may be, to request such exchange on his behalf and delivers to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A to this Indenture (or in such other form as may be established
pursuant to Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall be available from the offices of Euroclear and Clearstream, the Trustee, any authenticating agent appointed for such series of
Securities and each Paying Agent. Unless otherwise specified in such temporary global Security, any such exchange shall be made free of charge to the beneficial owners of such temporary global Security, except that a Person receiving definitive
Securities must bear the cost of insurance, postage, transportation and the like in the event that such Person does not take delivery of such definitive Securities in person at the offices of Euroclear or Clearstream. Definitive Securities in bearer
form to be delivered in exchange for any portion of a temporary global Security shall be delivered only outside the United States. 
 Until
exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and of like tenor authenticated and delivered
hereunder, except that, unless otherwise specified as contemplated by Section 301, interest payable on a temporary global Security on an Interest Payment Date for Securities of such series occurring prior to the applicable Exchange Date shall
be payable to Euroclear and Clearstream on such Interest Payment Date upon delivery by Euroclear and Clearstream to the Trustee of a certificate or certificates in the form set forth in Exhibit B to this Indenture (or in such other form as may be
established pursuant to Section 301), for credit without further interest on or after such Interest Payment Date to the respective accounts of the Persons who are the beneficial owners of such temporary global Security on such Interest Payment
Date and who have each delivered to Euroclear or Clearstream, as the case may 

  
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be, a certificate in the form set forth in Exhibit A to this Indenture (or in such other form as may be established pursuant to Section 301) . Any interest so received by Euroclear and
Clearstream and not paid as herein provided shall be returned to the Trustee immediately prior to the expiration of two years after such Interest Payment Date in order to be repaid to the Company in accordance with Section 1003. 

SECTION 305. Registration, Registration of Transfer and Exchange. The Company shall cause to be kept a register for each
series of Securities (the registers maintained in the Corporate Trust Office of the Trustee or in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Security
Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities. The Security Register shall be in written
form or any other form capable of being converted into written form within a reasonable time. At all reasonable times, the Security Register shall be open to inspection by the Trustee. The Trustee is hereby initially appointed “Security
Registrar” for the purpose of registering Registered Securities and transfers of Registered Securities as herein provided. 
 Upon
surrender for registration of transfer of any Registered Security of any series at the office or agency in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated
transferee, one or more new Registered Securities of the same series, of any authorized denominations and of a like aggregate principal amount and tenor. 
 At the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series, of any authorized denominations and of a like aggregate principal
amount, upon surrender of the Registered Securities to be exchanged at such office or agency. Whenever any Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
Registered Securities which the Holder making the exchange is entitled to receive. Unless otherwise specified with respect to any series of Securities as contemplated by Section 301, Bearer Securities may not be issued in exchange for
Registered Securities. 
 If (but only if) expressly permitted in or pursuant to the applicable Board Resolution and (subject to
Section 303) set forth in the applicable Officers’ Certificate, or in any indenture supplemental hereto, delivered as contemplated by Section 301, at the option of the Holder, Bearer Securities of any series may be exchanged for
Registered Securities of the same series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured coupons and all
matured coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default, any such permitted exchange may be effected if the Bearer
Securities are accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if
there is furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any such missing coupon in respect of which
such a payment 

  
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shall have been made, such Holder shall be entitled to receive the amount of such payment; provided, however, that, except as otherwise provided in Section 1002 interest
represented by coupons shall be payable only upon presentation and surrender of those coupons at an office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such
office or agency in a permitted exchange for a Registered Security of the same series and like tenor after the close of business at such office or agency on (i) any Regular Record Date and before the opening of business at such office or agency
on the relevant Interest Payment Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without
the coupon relating to such Interest Payment Date or proposed date for payment, as the case may be, and interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case
may be, in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. 

Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which
the Holder making the exchange is entitled to receive. 
 Notwithstanding the foregoing, except as otherwise specified as contemplated by
Section 301, any permanent global Security shall be exchangeable only as provided in this paragraph. If any beneficial owner of an interest in a permanent global Security is entitled to exchange such interest for Securities of such series and
of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section 301 and provided that any applicable notice provided in the permanent global Security shall have been given, then without
unnecessary delay but in any event not later than the earliest date on which such interest may be so exchanged, the Company shall deliver to the Trustee definitive Securities in aggregate principal amount equal to the principal amount of such
beneficial owner’s interest in such permanent global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such permanent global Security shall be surrendered by the Common Depository or
such other depository as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s Agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge and
the Trustee shall authenticate and deliver, in exchange for each portion of such permanent global Security, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion
of such permanent global Security to be exchanged which, unless the Securities of the series are not issuable both as Bearer Securities and as Registered Securities, as specified as contemplated by Section 301, shall be in the form of Bearer
Securities or Registered Securities, or any combination thereof, as shall be specified by the beneficial owner thereof; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days
before any selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security for which exchange is requested may be among those selected for redemption; and provided, further, that no Bearer Security
delivered in exchange for a portion of a permanent global Security shall be mailed or otherwise delivered to any location in the United States. If a Registered Security is issued in exchange for any portion of a permanent global Security after the
close of business at the office 

  
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or agency where such exchange occurs on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any
Special Record Date and the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or
proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion
of such permanent global Security is payable in accordance with the provisions of this Indenture. 
 All Securities issued upon any registration
of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange.

 Every Registered Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the
Security Registrar) be duly endorsed, or be accompanied by a written instrument of transfer, in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305 not involving any transfer. 

The Company shall not be required (i) to issue, register the transfer of or exchange Securities of any series during a period beginning at the
opening of business 15 days before the day of the selection for redemption of Securities of that series under Section 1103 or 1203 and ending at the close of business on (A) if Securities of the series are issuable only as Registered
Securities, the day of the mailing of the relevant notice of redemption and (B) if Securities of the series are issuable as Bearer Securities, the day of the first publication of the relevant notice of redemption or, if Securities of the series
are also issuable as Registered Securities and there is no publication, the mailing of the relevant notice of redemption, or (ii) to register the transfer of or exchange of any Registered Security so selected for redemption in whole or in part,
except the unredeemed portion of any Security being redeemed in part, or (iii) to exchange any Bearer Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered Security of that series and like
tenor; provided that such Registered Security shall be simultaneously surrendered for redemption, or (iv) to issue, register the transfer of or exchange any Security which has been surrendered for repayment at the option of the Holder,
except the portion, if any, of such Security not to be so repaid. 
 SECTION 306. Mutilated, Destroyed, Lost and Stolen
Securities. If any mutilated Security or a Security with a mutilated coupon appertaining to it is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the
same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to the surrendered Security, or, in case any such mutilated Security or coupon
has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, with coupons corresponding to the coupons, if any, appertaining to the surrendered Security, pay such Security or coupon.

  
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 If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the
destruction, loss or theft of any Security or coupon and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that
such Security or coupon has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the Security for
which a destroyed, lost or stolen coupon appertains (with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding, with
coupons corresponding to the coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains, or, in case any such destroyed, lost or stolen Security or coupon has
become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, with coupons corresponding to the coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to
which such destroyed, lost or stolen coupon appertains, pay such Security or coupon. 
 Upon the issuance of any new Security under this
Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 Every new Security of any series with its coupons, if any, issued pursuant to this Section in lieu of any destroyed lost or stolen Security
or in exchange for a Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security and its coupons, if any, or
the destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series and their coupons, if any, duly
issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons. 
 SECTION
307. Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Registered Security which is
payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Registered Security may at the Company’s option be paid by
(i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account
maintained by the payee located inside the United States. 

  
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 Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series,
payment of interest may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. 
 Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear
and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depository, for the purpose of permitting each of Euroclear and Clearstream to credit the interest received by it in respect of such
permanent global Security to the accounts of the beneficial owners thereof. 
 Subject to Section 314, any interest on any Registered
Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular
Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 

(1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered
Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money
in the currency or currency unit in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and
312(e)) equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be
held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and
not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the
name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Registered Securities of such series at
his address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted
Interest shall be paid to the Persons in whose name the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to
the following clause (2). 

  
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 (2) The Company may make payment of any Defaulted Interest on the Registered
Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the
Company to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 
 (b) The provisions of this Section 307(b) may be made applicable to any series of Securities pursuant to Section 301 (with such modifications, additions or substitutions as may be specified
pursuant to such Section 301). The interest rate on any Security of such series may be reset by the Company on the date or dates specified on the face of such Security (each an “Optional Reset Date”). The Company may exercise
such option with respect to a Note by notifying the Trustee of such exercise at least 50 but not more than 60 days prior to an Optional Reset Date for such Note. Not later than 40 days prior to each Optional Reset Date, the Trustee shall transmit,
in the manner provided for in Section 106, to the Holder of any such Security a notice (the “Reset Notice”) indicating whether the Company has elected to reset the interest rate, and if so (i) such new interest rate and
(ii) the provisions, if any, for redemption during the period from such Optional Reset Date to the next Optional Reset Date or if there is no such next Optional Reset Date, to the Stated Maturity of such Security (each such period a
“Subsequent Interest Period”), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during the Subsequent Interest Period. 

Notwithstanding the foregoing, not later than 20 days prior to the Optional Reset Date, the Company may, at its option, revoke the interest rate provided
for in the Reset Notice and establish a higher interest rate for the Subsequent Interest Period by causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher interest rate to the Holder of such Security.
Such notice shall be irrevocable. All Securities with respect to which the interest rate is reset on an Optional Reset Date will bear such higher interest rate. 
 The Holder of any such Security will have the option to elect repayment by the Company of the principal of such Security on each Optional Reset Date at a price equal to the principal amount thereof plus
interest accrued to such Optional Reset Date. In order to obtain repayment on an Optional Reset Date, the Holder must follow the procedures set forth in Article Thirteen for repayment at the option of Holders except that the period for delivery or
notification to the Trustee shall be at least 25 but not more than 35 days prior to such Optional Reset Date and except that, if the Holder has tendered any Security for repayment pursuant to the Reset Notice, the Holder may, by written notice to
the Trustee, revoke such tender or repayment until the close of business on the tenth day before such Optional Reset Date. 
 Subject to the
foregoing provisions of this Section and Section 305, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and
to accrue, which were carried by such other Security. 

  
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 SECTION 308. Optional Extension of Maturity. The provisions of this
Section 308 may be made applicable to any series of Securities pursuant to Section 301 (with such modifications, additions or substitutions as may be specified pursuant to such Section 301). The Stated Maturity of any Security of such
series may be extended at the option of the Company for the period or periods specified on the face of such Security (each an “Extension Period”) up to but not beyond the date set forth on the face of such Security. The Company may
exercise such option with respect to any Security by notifying the Trustee of such exercise at least 50 but not more than 60 days prior to the Stated Maturity of such Security in effect prior to the exercise of such option (the “Original
Stated Maturity”). If the Company exercises such option, the Trustee shall transmit, in the manner provided for in Section 106, to the Holder of such Security not later than 40 days prior to the Original Stated Maturity a notice (the
“Extension Notice”) indicating (i) the election of the Company to extend the Maturity, (ii) the new Stated Maturity, (iii) the interest rate applicable to the Extension Period and (iv) the provisions, if any, for
redemption during such Extension Period. Upon the Trustee’s transmittal of the Extension Notice, the Stated Maturity of such Security shall be extended automatically and, except as modified by the Extension Notice and as described in the next
paragraph, such Security will have the same terms as prior to the transmittal of such Notice. 
 Notwithstanding the foregoing, not later than
20 days before the Original Stated Maturity of such Security, the Company may, at its option, revoke the interest rate provided for in the Extension Notice and establish a higher interest rate for the Extension Period by causing the Trustee to
transmit, in the manner provided for in Section 106, notice of such higher interest rate to the Holder of such Security. Such notice shall be irrevocable. All Securities with respect to which the Stated Maturity is extended will bear such
higher interest rate. 
 If the Company extends the Maturity of any Security, the Holder will have the option to elect repayment of such
Security by the Company on the Original Stated Maturity at a price equal to the principal amount thereof, plus interest accrued to such date. In order to obtain repayment on the Original Stated Maturity once the Company has extended the Maturity
thereof, the Holder must follow the procedures set forth in Article Thirteen for repayment at the option of Holders, except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior to the
Original Stated Maturity Date and except that, if the Holder has tendered any Security for repayment pursuant to an Extension Notice, the Holder may by written notice to the Trustee revoke such tender for repayment until the close of business on the
tenth day before the Original Stated Maturity Date. 
 SECTION 309. Persons Deemed Owners. Prior to due presentment
of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Registered Security is registered as the owner of such Registered Security for the
purpose of receiving payment of principal of (and premium, if any) and (subject to Sections 305 and 307) interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee
nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

  
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 Title to any Bearer Security and any coupons appertaining thereto shall pass by delivery. The Company, the
Trustee and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon as the absolute owner of such Security or coupon for the purpose of receiving payment thereof or on account thereof and for
all other purposes whatsoever, whether or not such Security or coupons be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

Notwithstanding the foregoing, with respect to any global Security, nothing herein shall prevent the Company, the Trustee, or any agent of the Company or
the Trustee, from giving effect to any written certification, proxy or other authorization furnished by any depository, as a Holder, with respect to such global Security or impair, as between such depository and owners of beneficial interests in
such global Security, the operation of customary practices governing the exercise of the rights of such depository (or its nominee) as Holder of such global Security. 
 SECTION 310. Cancellation. All Securities and coupons surrendered for payment, redemption, repayment at the option of the Holder, registration of transfer or exchange or for credit against any
current or future sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee. All Securities and coupons so delivered to the Trustee shall be promptly canceled by it. The Company may at any time
deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee)
for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered, shall be promptly canceled by the Trustee. If the Company shall so acquire any of the Securities, however,
such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in
exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture. Unless by Company Order the Company directs the return of any canceled Securities to it, all canceled Securities shall be disposed of
by the Trustee in accordance with its customary procedures. 
 SECTION 311. Computation of Interest. Except as
otherwise specified as contemplated by Section 301 with respect to any Securities, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months, and with respect to any period less than a
full calendar month, on the basis of actual number of days elapsed during the period. 
 SECTION 312. Currency and
Manner of Payments in Respect of Securities. (a) Unless otherwise specified with respect to any Securities pursuant to Section 301, with respect to Registered Securities of any series not permitting the election provided for in
paragraph (b) below or the Holders of which have not made the election provided for in paragraph (b) below, and with respect to Bearer Securities of any series, except as provided in paragraph (d) below, payment of the principal of
(and premium, if any) and interest, if any, on 

  
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any Registered or Bearer Security of such series will be made in the currency, currencies or currency unit in which such Registered Security or Bearer Security, as the case may be, is payable.
The provisions of this Section 312 may be modified or superseded with respect to any Securities pursuant to Section 301. 
 (b) It may be provided pursuant to Section 301 with respect to Registered Securities of any series that Holders shall have the option, subject to paragraphs (d) and (e) below, to receive
payments of principal of (and premium, if any) or interest, if any, on such Registered Securities in any of the currencies or currency units which may be designated for such election by delivering to the Trustee for such series of Registered
Securities a written election with signature guarantees and in the applicable form established pursuant to Section 301, not later than the close of business on the Election Date immediately preceding the applicable payment date. If a Holder so
elects to receive such payments in any such currency or currency unit, such election will remain in effect for such Holder or any transferee of such Holder until changed by such Holder or such transferee by written notice to the Trustee for such
series of Registered Securities (but any such change must be made not later than the close of business on the Election Date immediately preceding the next payment date to be effective for the payment to be made on such payment date and no such
change of election may be made with respect to payments to be made on any Registered Security of such series with respect to which an Event of Default has occurred or with respect to which the Company has deposited funds pursuant to Articles Four or
Fourteen or with respect to which a notice of redemption has been given by the Company). Any Holder of any such Registered Security who shall not have delivered any such election to the Trustee of such series of Registered Securities not later than
the close of business on the applicable Election Date will be paid the amount due on the applicable payment date in the relevant currency, currencies or currency unit as provided in Section 312(a). The Trustee for each such series of Registered
Securities shall notify the Exchange Rate Agent as soon as practicable after the Election Date of the aggregate principal amount of Registered Securities for which Holders have made such written election. 

(c) Unless otherwise specified pursuant to Section 301, if the election referred to in paragraph (b) above has been provided
for pursuant to Section 301, then, unless otherwise specified pursuant to Section 301, not later than the fourth Business Day after the Election Date for each payment date for Registered Securities of any series, the Exchange Rate Agent
will deliver to the Company a written notice specifying, in the currency, currencies or currency unit in which Registered Securities of such series are payable, the respective aggregate amounts of principal of (and premium, if any) and interest, if
any, on the Registered Securities to be paid on such payment date, specifying the amounts in such currency, currencies or currency unit so payable in respect of the Registered Securities as to which the Holders of Registered Securities denominated
in any currency, currencies or currency unit shall have elected to be paid in another currency or currency unit as provided in paragraph (b) above. If the election referred to in paragraph (b) above has been provided for pursuant to
Section 301 and if at least one Holder has made such election, then, unless otherwise specified pursuant to Section 301, on the second Business Day preceding such payment date the Company will deliver to the Trustee for such series of
Registered Securities an Exchange Rate Officers’ Certificate in respect of the Dollar, Foreign Currency or currencies, or currency unit payments to be made on such payment date. Unless otherwise specified pursuant to Section 301, the
Dollar, Foreign Currency or currencies, or currency unit amount receivable by Holders of Registered Securities who have elected 

  
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payment in a currency or currency unit as provided in paragraph (b) above shall be determined by the Company on the basis of the applicable Market Exchange Rate in effect on the third
Business Day (the “Valuation Date”) immediately preceding each payment date. 
 (d) If a Conversion Event
occurs with respect to a Foreign Currency or any other currency unit in which any of the Securities are denominated or payable other than pursuant to an election provided for pursuant to paragraph (b) above, then with respect to each date for
the payment of principal of (and premium, if any) and interest, if any, on the applicable Securities denominated or payable in such Foreign Currency or such other currency unit occurring after the last date on which such Foreign Currency or such
other currency unit was used (the “Conversion Date”), the Dollar shall be the currency of payment for use on each such payment date. Unless otherwise specified pursuant to Section 301, the Dollar amount to be paid by the
Company to the Trustee of each such series of Securities and by such Trustee or any Paying Agent to the Holders of such Securities with respect to such payment date shall be, in the case of a Foreign Currency other than a currency unit, the Dollar
Equivalent of the Foreign Currency or, in the case of a currency unit, the Dollar Equivalent of the Currency Unit, in each case as determined by the Exchange Rate Agent in the manner provided in paragraph (f) or (g) below. 

(e) Unless otherwise specified pursuant to Section 301, if the Holder of a Registered Security denominated in any currency,
currencies or currency unit shall have elected to be paid in another currency, currencies or currency unit as provided in paragraph (b) above, and a Conversion Event occurs with respect to such elected currency or currency unit, such Holder
shall receive payment in the currency or currency unit in which payment would have been made in the absence of such election; and if a Conversion Event occurs with respect to the currency, currencies or currency unit in which payment would have been
made in the absence of such election, such Holder shall receive payment in Dollars as provided in paragraph (d) of this Section 312. 
 (f) The “Dollar Equivalent of the Foreign Currency” shall be determined by the Exchange Rate Agent and shall be obtained for each subsequent payment date by converting the specified Foreign
Currency into Dollars at the Market Exchange Rate on the Conversion Date. 
 (g) The “Dollar Equivalent of the Currency
Unit” shall be determined by the Exchange Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market
Exchange Rate for such Component Currency on the Valuation Date with respect to each payment. 
 (h) For purposes of this
Section 312 the following terms shall have the following meanings: 
 A “Component Currency” shall mean any currency which,
on the Conversion Date, was a component currency of the relevant currency unit. 

  
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 A “Specified Amount” of a Component Currency shall mean the number of units of such
Component Currency or fractions thereof which were represented in the relevant currency unit on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the
Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single currency, the respective Specified Amounts of such
Component Currencies shall be replaced by an amount in such single currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and such amount shall thereafter be a
Specified Amount and such single currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced
by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement shall be equal to the Dollar Equivalent of the Specified Amount of such former Component Currency at
the Market Exchange Rate immediately before such division and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency unit, a Conversion
Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such
Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency. 

“Election Date” shall mean the date for any series of Registered Securities as specified pursuant to Section 301(13) by which the
written election referred to in Section 312(b) may be made. 
 All decisions and determinations of the Exchange Rate Agent regarding the
Dollar Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency Unit, the Market Exchange Rate and changes in the Specified Amounts as specified above shall be in its sole discretion and shall, in the absence of manifest error, be
conclusive for all purposes and irrevocably binding upon the Company, the Trustee for the appropriate series of Securities and all Holders of such Securities denominated or payable in the relevant currency, currencies or currency units. The Exchange
Rate Agent shall promptly give written notice to the Company and the Trustee for the appropriate series of Securities of any such decision or determination. 
 In the event that the Company determines in good faith that a Conversion Event has occurred with respect to a Foreign Currency, the Company will immediately give written notice thereof to the Trustee of
the appropriate series of Securities and to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section 106 to the affected Holders) specifying the Conversion Date. In the event the Company
so determines that a Conversion Event has occurred with respect to any currency unit in which Securities are denominated or payable, the Company will immediately give written notice thereof to the Trustee of the appropriate series of Securities and
to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section 106 to the affected Holders) specifying the Conversion Date and the Specified Amount of each Component Currency on the
Conversion Date. In the event the Company determines in good faith that any subsequent change in any Component Currency as set forth in the definition of Specified Amount above has occurred, the Company will similarly give written notice to the
Trustee of the appropriate series of Securities and to the Exchange Rate Agent. 

  
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 The Trustee of the appropriate series of Securities shall be fully justified and protected in relying and
acting upon information received by it from the Company and the Exchange Rate Agent and shall not otherwise have any duty or obligation to determine the accuracy or validity of such information independent of the Company or the Exchange Rate Agent.

 SECTION 313. Appointment and Resignation of Successor Exchange Rate Agent. (a) Unless otherwise specified
pursuant to Section 301, if and so long as the Securities of any series (i) are denominated in a currency other than Dollars or (ii) may be payable in a currency other than Dollars, or so long as it is required under any other
provision of this Indenture, then the Company will maintain with respect to each such series of Securities, or as so required, at least one Exchange Rate Agent. The Company will cause the Exchange Rate Agent to make the necessary foreign exchange
determinations at the time and in the manner specified pursuant to Section 301 for the purpose of determining the applicable rate of exchange and, if applicable, for the purpose of converting the issued currency or currency unit into the
applicable payment currency or currency unit for the payment of principal (and premium, if any) and interest, if any, pursuant to Section 312. 
 (b) No resignation of the Exchange Rate Agent and no appointment of a successor Exchange Rate Agent pursuant to this Section shall become effective until the acceptance of appointment by the successor
Exchange Rate Agent as evidenced by a written instrument delivered to the Company and the Trustee of the appropriate series of Securities accepting such appointment executed by the successor Exchange Rate Agent. 

(c) If the Exchange Rate Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the
Exchange Rate Agent for any cause, with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Exchange Rate Agent or Exchange Rate Agents with respect to the Securities
of that or those series (it being understood that any such successor Exchange Rate Agent may be appointed with respect to the Securities of one or more or all of such series and that, unless otherwise specified pursuant to Section 301, at any
time there shall only be one Exchange Rate Agent with respect to the Securities of any particular series that are originally issued by the Company on the same date and that are initially denominated and/or payable in the same currency, currencies or
currency units). 
 SECTION 314. Extension of Interest Payment. The Company shall have the right at any time, to
extend interest payment periods from time to time on all Securities of any series hereunder, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by
Section 301 with respect to such Securities. 
 SECTION 315. CUSIP Numbers. The Company in issuing the
Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no
representation is made as to the correctness of such numbers either as printed 

  
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on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall
not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE 

SECTION 401. Satisfaction and Discharge of Indenture. This Indenture shall upon Company Request cease to be of further effect
with respect to any series of Securities (except as to any surviving rights of registration of transfer or exchange of Securities of such series herein expressly provided for and the obligation of the Company to pay any Additional Amounts as
contemplated by Section 1010) and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series when: 

(1) either 
 (A) all Securities of such series theretofore authenticated and delivered and all coupons, if any, appertaining thereto (other than (i) coupons appertaining to Bearer Securities surrendered for
exchange for Registered Securities and maturing after such exchange, whose surrender is not required or has been waived as provided in Section 305, (ii) Securities and coupons of such series which have been destroyed, lost or stolen and
which have been replaced or paid as provided in Section 306, (iii) coupons appertaining to Securities called for redemption and maturing after the relevant Redemption Date, whose surrender has been waived as provided in Section 1106,
and (iv) Securities and coupons of such series for whose payment money has theretofore been deposited with the Trustee or any Paying Agent and thereafter repaid to the Company, as provided in Section 1003) have been delivered to the
Trustee for cancellation; or 
 (B) all Securities of such series and, in the case of (i) or
(ii) below, any coupons appertaining thereto not theretofore delivered to the Trustee for cancellation 

(i) have become due and payable, or 

(ii) will become due and payable at their Stated Maturity within one year, or 

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of
notice of redemption by the Trustee in the name, and at the expense, of the Company, 
 and the Company, in the case of (i),
(ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an amount, in the currency, currencies or currency unit in which the Securities of such series are payable, sufficient to
pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest to the date of such deposit (in the case of Securities which have become due and
payable) or to the Stated Maturity or Redemption Date, as the case may be; 

  
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 (2) the Company has paid or caused to be paid all other sums payable
hereunder by the Company; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and
an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607, the obligations of the Company to any Authenticating Agent under
Section 614 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall
survive such satisfaction and discharge. 
 SECTION 402. Application of Trust Money. Subject to the provisions of
the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities, the coupons and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent) to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee;
but such money need not be segregated from other funds except to the extent required by law. 
 ARTICLE FIVE 

REMEDIES 

SECTION 501. Events of Default. “Event of Default,” wherever used herein with respect to Securities of any
series, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body): 
 (1) default in the payment of any interest
upon any Security of that series and any related coupon when it becomes due and payable (whether or not payment is prohibited by the subordination provisions of Article Seventeen hereof), and continuance of such default for a period of 30 days;
provided, however, that a valid extension or deferral of the interest payment period by the Company as contemplated in Section 314 of this Indenture shall not constitute a default in the payment of interest for this purpose; or

 (2) default in the payment of the principal of (or premium, if any, on) any Security of that series at its
Maturity (whether or not payment is prohibited by the subordination provisions of Article Seventeen hereof); or 

  
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 (3) default in the performance, or breach, of any covenant or warranty of
the Company in this Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of one
or more series of Securities other than that series), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by
the Holders of at least 25% in principal amount of all Outstanding Securities a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

 (4) the entry of a decree or order by a court having jurisdiction in the premises adjudging the Company a
bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under the Federal Bankruptcy Code or any other applicable Federal or State law, or
appointing a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such
decree or order unstayed and in effect for a period of 90 consecutive days; or 
 (5) the institution by the
Company of proceedings to be adjudicated a bankrupt or insolvent, or the consent by it 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 the Federal Bankruptcy Code or any other applicable Federal or State law, or the consent by it to the filing of any such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of
the Company or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due; or 

(6) any other Event of Default provided with respect to Securities of that series. 

SECTION 502. Acceleration of Maturity; Rescission and Annulment. If an Event of Default described in clause (1), (2) or
(6) of Section 501 with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that
series may declare the principal amount (or, if the Securities of that series are Original Issue Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the terms of that series) of all of the
Securities of that series to be due and payable immediately (provided that the payment of principal and interest on such Securities shall remain subordinated to the extent provided in this Indenture), by a notice in writing to the Company
(and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified portion thereof) shall become immediately due and payable. If an Event of Default described in clause (3), (4) or (5) of
Section 501 occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of all the Securities then Outstanding may declare the principal amount (or, if any such Securities are Original
Issue 

  
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Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the terms of that series) of all of the Outstanding Securities to be due and payable
immediately (provided that the payment of principal and interest on such Securities shall remain subordinated to the extent provided in this Indenture), by a notice in writing to the Company (and to the Trustee if given by the Holders) and
upon any such declaration such principal amount (or specified portion thereof) shall become immediately due and payable. 
 At any time after
such a declaration of acceleration with respect to Securities of any series (or of all series, as the case may be) has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this
Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series (or of all series, as the case may be), by written notice to the Company and the Trustee, may rescind and annul such declaration and its
consequences if: 
 (1) the Company has paid or deposited with the Trustee a sum sufficient to pay in the
currency, currency unit or composite currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b),
312(d) and 312(e)), 
 (A) all overdue interest on all Outstanding Securities of that series (or of all series,
as the case may be) and any related coupons, 
 (B) the principal of (and premium, if any, on) any Outstanding
Securities of that series (or of all series, as the case may be) which has become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in such Securities, 

(C) to the extent that payment of such interest is legally enforceable, interest upon overdue interest at the rate or
rates prescribed therefor in such Securities, and 
 (D) all sums paid or advanced by the Trustee hereunder and
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 
 and

 (2) all Events of Default with respect to Securities of that series (or of all series, as the case may be),
other than the non-payment of the principal of Securities of that series (or of all series, as the case may be) which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that if 

  
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 (1) default is made in the payment of any interest on any Security and any
related coupon when such interest becomes due and payable and such default continues for a period of 30 days, or 

(2) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof,

 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities and coupons, the whole amount then
due and payable on such Securities and coupons for principal (and premium, if any) and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal (and premium, if any) and on any overdue
interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its
own name as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other
obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to Securities of any series (or of all series, as the case may be) occurs and is continuing, the Trustee may in its
discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series (or of all series, as the case may be) by such appropriate judicial proceedings as the Trustee shall deem necessary to protect and
enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

SECTION 504. Trustee May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee
(irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue
principal, premium, if any, or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
 (i) to file and prove a claim for the whole amount of principal (and premium, if any), or such portion of the principal amount of any series of Original Issue Discount Securities or Indexed Securities as
may be specified in the terms of such series, and interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 

  
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 (ii) to collect and receive any moneys or other property payable or
deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee
any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition
affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 SECTION 505. Trustee May Enforce Claims Without Possession of Securities. All rights of action and claims under this Indenture or the Securities or coupons may be prosecuted and enforced
by the Trustee without the possession of any of the Securities or coupons or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities and
coupons in respect of which such judgment has been recovered. 
 SECTION 506. Application of Money Collected. Any
money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon
presentation of the Securities or coupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

FIRST: To the payment of all amounts due the Trustee under Section 607; 

SECOND: To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on the
Securities and coupons in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities and coupons for principal (and
premium, if any) and interest, respectively; and 
 THIRD: The balance, if any, to the Company or as a court of
competent jurisdiction may direct. 
 SECTION 507. Limitation on Suits. No Holder of any Security of any series or
any related coupons shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

  
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 (1) such Holder has previously given written notice to the Trustee of a
continuing Event of Default with respect to the Securities of that series; 
 (2) the Holders of not less than
25% in principal amount of the Outstanding Securities of that series in the case of any Event of Default described in clause (1), (2) or (6) of Section 501, or, in the case of any Event of Default described in clause (3), (4) or
(5) of Section 501, the Holders of not less than 25% in principal amount of all Outstanding Securities, shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee
hereunder; 
 (3) such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to the
trustee against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (4) the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of not less than a majority in principal amount of the Outstanding Securities
of that series in the case of any Event of Default described in clause (1), (2) or (6) of Section 501, or, in the case of any Event of Default described in clause (3), (4) or (5) of Section 501, by the Holders of not
less than a majority in principal amount of all Outstanding Securities; 
 it being understood and intended that no one or more of such Holders
shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of the same series, in the case of any Event of Default
described in clause (1), (2) or (6) of Section 501, or of Holders of all Securities in the case of any Event of Default described in clause (3), (4) or (5) of Section 501, or to obtain or to seek to obtain priority or
preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all Holders of Securities of the same series, in the case of any Event of Default
described in clause (1), (2) or (6) of Section 501, or of Holders of all Securities in the case of any Event of Default described in clause (3), (4) or (5) of Section 501. 

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest. Notwithstanding any other provision
in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment, as provided herein (including, if applicable, Article Fourteen) and in such Security, of the principal of (and premium, if
any) and (subject to Section 307) interest on such Security on the Stated Maturity or Maturities expressed in such Security or coupon (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such
payment, and such rights shall not be impaired without the consent of such Holder. 

  
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 SECTION 509. Restoration of Rights and Remedies. If the 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 to such Holder, then and in every such case,
subject to any determination in such proceeding, the Company, the Trustee and the Holders of Securities and coupons shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the
Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 SECTION 510. Rights and
Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons in the last paragraph of Section 306, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders of Securities or coupons is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right
or remedy. 
 SECTION 511. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any
Securities or coupons to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this
Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

SECTION 512. Control by Holders. With respect to the Securities of any series, the Holders of not less than a majority in
principal amount of the Outstanding Securities of such series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee,
relating to or arising under clause (1), (2) or (6) of Section 501, and, with respect to all Securities, the Holders of not less than a majority in principal amount of all Outstanding Securities shall have the right to direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, not relating to or arising under clause (1), (2) or (6) of Section 501, provided
that in each case 
 (1) such direction shall not be in conflict with any rule of law or with this Indenture, and

 (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such
direction. 
 SECTION 513. Waiver of Past Defaults. Subject to Section 502, the Holders of not less than a
majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default described in clause (1), (2) or (6) of Section 501 (or, in the case of a
default described in clause (3), (4) or (5) of Section 501, the Holders of not less than a majority in principal amount of all Outstanding Securities may waive any such past default), and its consequences, except a default 

  
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 (1) in respect of the payment of the principal of (or premium, if any) or
interest on any Security or any related coupon, or 
 (2) in respect of a covenant or provision hereof which
under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
 Upon
any such waiver, any such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event
of Default or impair any right consequent thereon. 
 SECTION 514. Undertaking for Costs. All parties to this
Indenture agree, and each Holder of any Security or coupon by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any
suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit
instituted by the Trustee, to any suit relating to or arising under clause (6) of Section 501 and instituted by any Holder of Securities of the affected series, or group of such Holders, holding in the aggregate more than 10% in principal
amount of the Outstanding Securities of such series (or, in the case of any suit relating to or arising under clause (3), (4) or (5) of Section 501, 10% in principal amount of all Outstanding Securities), or to any suit instituted by
any Holder of any Security or coupon for the enforcement of the payment of the principal of (or premium, if any) or interest on any Security or the payment of any coupon on or after the Stated Maturity or Maturities expressed in such Security or
coupon (or, in the case of redemption, on or after the Redemption Date). 
 SECTION 515. Waiver of Stay or Extension
Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or
at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it
will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
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 ARTICLE SIX 
 THE TRUSTEE 
 SECTION 601. Certain Duties and Responsibilities.
(a) Except during the continuance of an Event of Default with respect to the Securities of a series, 
 (1)
the Trustee undertakes to perform such duties and only such duties with respect to such series as are specifically set forth in this Indenture, and no implied covenants or obligations with respect to such series shall be read into this Indenture
against the Trustee; and 
 (2) in the absence of bad faith on its part, the Trustee may conclusively rely, with
respect to such series, 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; but in the case of any such
certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture
(but need not confirm or investigate the accuracy of mathematical or other facts stated therein). 
 (b) In case an Event of
Default with respect to the Securities of a series has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture with respect to such series, and use the same degree of care and skill in
their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that 
 (1) this Subsection shall not be
construed to limit the effect of Subsection (a) of this Section; 
 (2) the Trustee shall not be liable for
any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with a direction of Holders, given as provided in Section 512, relating
to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture; and 

(4) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured to it. 

  
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 (d) Whether or not therein expressly so provided, every provision of this Indenture relating
to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 SECTION 602. Notice of Defaults. Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit in the manner and to the
extent provided in Section 106, notice of such default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal
of (or premium, if any) or interest on any Security of such series or in the payment of any sinking fund installment with respect to Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of
directors, the executive committee or a trust committee of directors or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Holders of Securities of such series and any related
coupons; and provided, further, that in the case of any default of the character specified in Section 501(3) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the
occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 

SECTION 603. Certain Rights of Trustee. Subject to the provisions of Section 601: 

(a) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties; 
 (b) any request or direction of the Company mentioned herein shall
be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 

(c) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 

(d) the Trustee may consult with counsel of its selection and the written advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

  
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 (e) the Trustee shall be under no obligation to exercise any of the rights
or powers vested in it by this Indenture at the request or direction of any of the Holders of Securities of any series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity
reasonably satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, debenture, note, 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 Company, personally or by agent or attorney and shall incur no liability of any kind by reason of such inquiry of
investigation; 
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(h) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and reasonably believed by
it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (i) in no event shall
the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or
damage and regardless of the form of action; 
 (j) the Trustee shall not be deemed to have notice of any Default or Event of
Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice
references the Securities and this Indenture; and 
 (k) the rights, privileges, protections, immunities and benefits given to
the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

SECTION 604. Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the
Securities, except the Trustee’s certificates of authentication, and in any coupons shall be taken as the statements of the Company, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. The Trustee makes
no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its
obligations hereunder and that the 

  
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statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee or any Authenticating
Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
 SECTION
605. May Hold Securities. The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of
Securities and coupons and, subject to Sections 608 and 613, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 

SECTION 606. Money Held in Trust. Money held by the Trustee in trust hereunder need not be segregated from other funds except
to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 

SECTION 607. Compensation and Reimbursement. The Company agrees: 

(1) to pay to the Trustee from time to time such compensation as shall be agreed in writing between the Company and the
Trustee for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement
or advance caused by its own negligence, willful misconduct or bad faith; 
 (3) to indemnify the Trustee for,
and to hold it harmless against, any loss, claim, damages, liability or expense incurred without negligence, willful misconduct or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts
hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder; and 

(4) when the Trustee incurs expenses or renders services in connection with an Event of Default specified
Section 501(4) or 501(5), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or state bankruptcy,
insolvency or other similar law. 
 The provisions of this Section shall survive the termination of this Indenture. 

SECTION 608. Disqualification; Conflicting Interests. If the trustee has or shall acquire a conflicting interest within the
meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. 

  
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 SECTION 609. Corporate Trustee Required; Eligibility. There shall at all times
be a Trustee hereunder which shall be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of at least $20,000,000 subject to supervision or examination by Federal or State authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.
If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

SECTION 610. Resignation and Removal; Appointment of Successor. (a) No resignation or removal of the Trustee and no
appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 611. 

(b) The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the
Company. If the instrument of acceptance by a successor Trustee required by Section 611 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition, at the
expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 (c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to
the Trustee and to the Company. 
 (d) If the instrument of acceptance by a successor Trustee required by Section 611 shall
not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee
with respect to the Securities of such series. 
 (e) If at any time: 

(1) the Trustee shall fail to comply with Section 608 after written request therefor by the Company or by any Holder
who has been a bona fide Holder of a Security for at least six months, or 
 (2) the Trustee shall cease to be
eligible under Section 609 and shall fail to resign after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or 

  
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 (3) the Trustee shall become incapable of acting or shall be adjudged a
bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,

 then, in any such case, (i) the Company, by a Board Resolution, may remove the Trustee with respect to all Securities, or
(ii) subject to Section 514, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
 (f) If the Trustee shall
resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor
Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be
only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of Section 611. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy,
a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor
Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 611, become the successor Trustee with respect to the Securities of such series and to that extent supersede
the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 611, any
Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series. 
 (g) The Company shall give notice of each resignation and each removal of the
Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series in the manner provided for in Section 106. Each notice shall include the name of the successor Trustee
with respect to the Securities of such series and the address of its Corporate Trust Office. 
 SECTION 611. Acceptance
of Appointment by Successor. (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring
Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor
Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

  
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 In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more
(but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such
appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable
to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and
(3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustee co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such
Trustee; and upon the execution and delivery of such supplemental indenture to resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company
or any successor Trustee, such retiring Trustee, provided all sums owing to the Trustee hereunder have been paid, shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with
respect to the Securities of that or those series to which the appointment of such successor Trustee relates. Whenever there is a successor Trustee with respect to one or more (but less than all) series of securities issued pursuant to this
instrument, the terms “Indenture” and “Securities” shall have the meanings specified in the provisos to the respective definitions of those terms in Section 101 which contemplate such situation. 

(b) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in
and confirming to such successor Trustee all rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 
 (c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article. 

SECTION 612. Merger, Conversion, Consolidation or Succession to Business. Any corporation into which the Trustee may be
merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust
business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or 

  
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filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities; and
in case at that time any of the Securities shall not have been authenticated, any successor Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such
certificates shall have the full force which it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have; provided, however, that the right to adopt the certificate of authentication of
any predecessor Trustee or to authenticate Securities in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

SECTION 613. Preferential Collection of Claims Against Company. (a)Subject to Subsection (b) of this Section, if the
Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and
until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and coupons and the holders of other indenture securities, as defined in
Subsection (c) of this Section: 
 (1) an amount equal to any and all reductions in the amount due and owing
upon any claim as such creditor in respect of principal or interest, effected after the beginning of such four months’ period and valid as against the Company and its other creditors, except any such reduction resulting from the receipt or
disposition of any property described in paragraph (2) of this Subsection, or from the exercise of any right of setoff which the Trustee could have exercised if a petition in bankruptcy had been filed by or against the Company upon the date of
such default; and 
 (2) all property received by the Trustee in respect of any claims as such creditor, either
as security therefor, or in satisfaction or composition thereof, or otherwise, after the beginning of such four months’ period, or an amount equal to the proceeds of any such property, if disposed of, subject, however, to the rights, if any, of
the Company and its other creditors in such property or such proceeds. 
 Nothing herein contained, however, shall affect the right of the
Trustee: 
 (A) to retain for its own account (i) payments made on account of any such claim by any Person
(other than the Company) who is liable thereon, and (ii) the proceeds of the bona fide sale of any such claim by the Trustee to a third Person, and (iii) distributions made in cash, securities or other property in respect of claims filed
against the Company in bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal Bankruptcy Act or applicable State law; 

  
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 (B) to realize, for its own account, upon any property held by it as
security for any such claim, if such property was so held prior to the beginning of such four months’ period; 
 (C) to realize, for its own account, but only to the extent of the claim hereinafter mentioned, upon any property held by it as security for any such claim, if such claim was created after the beginning
of such four months’ period and such property was received as security therefor simultaneously with the creation thereof, and if the Trustee shall sustain the burden of proving that at the time such property was so received the Trustee had no
reasonable cause to believe that a default, as defined in Subsection (c) of this Section, would occur within four months; or 
 (D) to receive payment on any claim referred to in paragraph (B) or (C), against the release of any property held as security for such claim as provided in paragraph (B) or (C), as the case may
be, to the extent of the fair value of such property. 
 For the purposes of paragraphs (B), (C) and (D), property substituted after the
beginning of such four months’ period for property held as security at the time of such substitution shall, to the extent of the fair value of the property released, have the same status as the property released, and, to the extent that any
claim referred to in any of such paragraphs is created in renewal of or in substitution for or for the purpose of repaying or refunding any pre-existing claim of the Trustee as such creditor, such claim shall have the same status as such
pre-existing claim. 
 If the Trustee shall be required to account, the funds and property held in such special account and the proceeds thereof
shall be apportioned among the Trustee, the Holders and the holders of other indenture securities in such manner that the Trustee, the Holders and the holders of other indenture securities realize, as a result of payments from such special account
and payments of dividends on claims filed against the Company in bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal Bankruptcy Act or applicable State law, the same percentage of their respective claims, figured
before crediting to the claim of the Trustee anything on account of the receipt by it from the Company of the funds and property in such special account and before crediting to the respective claims of the Trustee and the Holders and the holders of
other indenture securities dividends on claims filed against the Company in bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal Bankruptcy Act or applicable State law, but after crediting thereon receipts on
account of the indebtedness represented by their respective claims from all sources other than from such dividends and from the funds and property so held in such special account. As used in this paragraph, with respect to any claim, the term
“dividends” shall include any distribution with respect to such claim, in bankruptcy or receivership or proceedings for reorganization pursuant to the Federal Bankruptcy Act or applicable State law, whether such distribution is made in
cash, securities or other property, but shall not include any such distribution with respect to the secured portion, if any, of such claim. The court in which such bankruptcy, receivership or proceedings for reorganization is pending shall have
jurisdiction (i) to apportion among the Trustee, the Holders and the holders of other indenture securities, in accordance with the provisions of this paragraph, the funds and property held in such special account and proceeds thereof, or
(ii) in 

  
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lieu of such apportionment, in whole or in part, to give to the provisions of this paragraph due consideration in determining the fairness of the distributions to be made to the Trustee and the
Holders and the holders of other indenture securities with respect to their respective claims, in which event it shall not be necessary to liquidate or to appraise the value of any securities or other property held in such special account or as
security for any such claim, or to make a specific allocation of such distributions as between the secured and unsecured portions of such claims, or otherwise to apply the provisions of this paragraph as a mathematical formula. 

Any Trustee which has resigned or been removed after the beginning of such four months’ period shall be subject to the provisions of this Subsection
as though such resignation or removal had not occurred. If any Trustee has resigned or been removed prior to the beginning of such four months’ period, it shall be subject to the provisions of this Subsection if and only if the following
conditions exist: 
 (i) the receipt of property or reduction of claim, which would have given rise to the
obligation to account, if such Trustee had continued as Trustee, occurred after the beginning of such four months’ period; and 
 (ii) such receipt of property or reduction of claim occurred within four months after such resignation or removal. 
 (b) There shall be excluded from the operation of Subsection (a) of this Section a creditor relationship arising from: 

(1) the ownership or acquisition of securities issued under any indenture, or any security or securities having a maturity
of one year or more at the time of acquisition by the Trustee; 
 (2) advances authorized by a receivership or
bankruptcy court of competent jurisdiction or by this Indenture, for the purpose of preserving any property which shall at any time be subject to the lien of this Indenture or of discharging tax liens or other prior liens or encumbrances thereon, if
notice of such advances and of the circumstances surrounding the making thereof is given to the Holders at the time and in the manner provided in this Indenture; 

(3) disbursements made in the ordinary course of business in the capacity of trustee under an indenture, transfer agent,
registrar, custodian, paying agent, fiscal agent or depository, or other similar capacity; 
 (4) an indebtedness
created as a result of services rendered or premises rented; or an indebtedness created as a result of goods or securities sold in a cash transaction, as defined in Subsection (c) of this Section; 

(5) the ownership of stock or of other securities of a corporation organized under the provisions of Section 25(a) of
the Federal Reserve Act, as amended, which is directly or indirectly a creditor of the Company; and 

  
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 (6) the acquisition, ownership, acceptance or negotiation of any drafts,
bills of exchange, acceptances or obligations which fall within the classification of self-liquidating paper, as defined in Subsection (c) of this Section. 
 (c) For the purposes of this Section only: 
 (1) the term
“default” means any failure to make payment in full of the principal of or interest on any of the Securities or upon the other indenture securities when and as such principal or interest becomes due and payable; 

(2) the term “other indenture securities” means securities upon which the Company is an obligor
outstanding under any other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions substantially similar to the provisions of this Section, and (iii) under which a default exists at the time of the
apportionment of the funds and property held in such special account; 
 (3) the term “cash
transaction” means any transaction in which full payment for goods or securities sold is made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon
demand; 
 (4) the term “self-liquidating paper” means any draft, bill of exchange, acceptance
or obligation which is made, drawn, negotiated or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing
title to, possession of, or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee
simultaneously with the creation of the creditor relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation; 

(5) the term “Company” means any obligor upon the Securities; and 

(6) the term “Federal Bankruptcy Act” means the Bankruptcy Act of Title 11 of the United States Code.

 SECTION 614. Appointment of Authenticating Agent. The Trustee may appoint an Authenticating Agent or Agents with
respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid
and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such
reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent,
having a 

  
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combined capital and surplus of not less than $20,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at
least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the
manner and with the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all the corporate agency or corporate
trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the
Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to
the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in
case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give written notice
of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve, in the manner provided for in Section 106. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section. 
 The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services
under this Section. 
 If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may
have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form. 

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

									
	Date:                         	 		 	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.,
 as Trustee

				
		 		 	By	 	 
		 		 		 	as Authenticating Agent
				
		 		 	By	 	 
		 		 		 	Authorized Officer

 ARTICLE SEVEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 SECTION
701. Company to Furnish Trustee Names and Addresses of Holders. The Company will furnish or cause to be furnished to the Trustee 
 (a) semiannually, not more than 15 days after each Regular Record Date relating to that series (or, if there is no Regular Record Date relating to that series, on June 30 and December 31), a
list, in such form as such Trustee may reasonably require, containing all the information in the possession or control of the Company or any of its Paying Agents other than such Trustee as to the names and addresses of the Holders as of such dates,

 (b) on semi-annual dates on each year to be determined pursuant to Section 301 if the Securities of any series do not
bear interest, a list of similar form and content, and 
 (c) at such other times as the Trustee may request in writing, within
30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 
 excluding from any such list names and addresses received by the Trustee in its capacity as Security Registrar. 
 SECTION 702. Preservation of Information; Communications to Holders. (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and
addresses of the Holders of Securities (1) contained in the most recent list furnished to it as provided in Section 701 and (2) received by it in the capacity of Paying Agent or Security Registrar (if so acting) hereunder. 

The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. 

(b) If three or more Holders of Securities of any series (herein referred to as “applicants”) apply in writing to the
Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Security for a period of at least six months preceding the date of 

  
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such application, and such application states that the applicants desire to communicate with other Holders of Securities of the same series or of all series with respect to their rights under
this Indenture or under the Securities of such series or of all series, as the case may be, and is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five
business days after the receipt of such application, at its election, either 
 (i) afford such applicants access
to the information preserved at the time by the Trustee in accordance with Section 702(a), or 
 (ii) inform
such applicants as to the approximate number of Holders of Securities of such series or of all series, as the case may be, whose names and addresses appear in the information preserved at the time by the Trustee in accordance with
Section 702(a), and as to the approximate cost of mailing to such Holders the form of proxy or other communication, if any, specified in such application. 
 If the Trustee shall elect not to afford such applicants access to such information, the Trustee shall, upon the written request of such applicants, mail to each Holder of Securities of such series or of
all series, as the case may be, whose name and address appear in the information preserved at the time by the Trustee in accordance with Section 702 (a), a copy of the form of proxy or other communication which is specified in such request,
with reasonable promptness after a tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five days after such tender the Trustee shall mail to such
applicants and file with the Commission, together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would be contrary to the best interest of the Holders of Securities of
such series or of all series, as the case may be, or would be in violation of applicable law. Such written statement shall specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the
written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, the Commission shall find, after notice and opportunity for hearing, that all
the objections so sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of such material to all such Holders with reasonable promptness after the entry of such order and the renewal of such tender; otherwise
the Trustee shall be relieved of any obligation or duty to such applicants respecting their application. 
 (c) Every Holder of
Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information
as to the names and addresses of the Holders in accordance with Section 702 (b), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to
a request made under Section 702(b). 
 SECTION 703. Reports by Trustee. (a) The Trustee shall transmit to
Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust
Indenture Act, the Trustee shall, within sixty days after each May 15 following the date of this Indenture (commencing May 15, 2013) deliver to Holders a brief report, dated as of such May 15, which complies with the provisions of
such Section 313(a). 

  
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 (b) A copy of each such report shall, at the time of such transmission to Holders, be filed
by the Trustee with each securities exchange upon which any Securities are listed, with the Commission and with the Company. The Company will promptly notify the Trustee when any Securities are listed on any securities exchange and of any delisting
thereof. 
 SECTION 704. Reports by Company. The Company shall: 

(1) file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of
the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the
Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company is not required to file information, documents or reports pursuant to either of said Sections, then it shall file with the
Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the
Securities Exchange Act of 1934 in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(2) file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and 

(3) transmit to all Holders, in the manner and to the extent provided in Section 106, within 30 days after the filing
thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section as may be required by rules and regulations prescribed from time to
time by the Commission. 
 Delivery of such reports, information and documents to the Trustee is for informational purposes only
and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as
to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

  
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 ARTICLE EIGHT 
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
 SECTION 801. Company May
Consolidate, Etc., Only on Certain Terms. The Company shall not consolidate with or merge into any other corporation or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless: 

(1) the corporation formed by such consolidation or into which the Company is merged or the Person which acquires by
conveyance or transfer, or which leases, the properties and assets of the Company substantially as an entirety shall be a corporation organized and existing under the laws of the United States of America, any State thereof or the District of
Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the Company’s obligation for the due and punctual payment of the principal of (and premium, if
any) and interest (including all Additional Amounts, if any, payable as contemplated by Section 1010) on all the Securities and the performance of every covenant of this Indenture on the part of the Company to be performed or observed;

 (2) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice
or lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and 
 (3) the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture comply with this Article and that all
conditions precedent herein provided for relating to such transaction have been complied with. 
 This Section shall only apply to a merger or
consolidation in which the Company is not the surviving corporation and to conveyances, leases and transfers by the Company as transferor or lessor. 
 SECTION 802. Successor Corporation Substituted. Upon any consolidation by the Company with or merger by the Company into any other corporation or any conveyance, transfer or lease of the
properties and assets of the Company substantially as an entirety in accordance with Section 801, the successor corporation formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made
shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor corporation had been named as the Company herein, and in the event of any such conveyance
or transfer, the Company (which term shall for this purpose mean the Person named as the “Company” in the first paragraph of this Indenture or any successor corporation which shall theretofore become such in the manner described in
Section 801), except in the case of a lease, shall be discharged of all obligations and covenants under this Indenture and the Securities and the coupons and may be dissolved and liquidated. 

  
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 ARTICLE NINE 
 SUPPLEMENTAL INDENTURES 
 SECTION 901. Supplemental Indentures Without
Consent of Holders. Without the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to
the Trustee, for any of the following purposes: 
 (1) to evidence the succession of another corporation to the
Company and the assumption by any such successor of the covenants of the Company herein and in the Securities; or 
 (2) to add to the covenants of the Company for the benefit of the Holders of all or any series or tranche of Securities and any related coupons (and if such covenants are to be for the benefit of less
than all series of Securities, stating that such covenants are being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; or 

(3) to add any additional Events of Default (and if such Events of Default are to be for the benefit of less than all
series of Securities, stating that such Events of Default are being included solely for the benefit of such series); or 
 (4) to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal, to change or eliminate any restrictions on the payment of principal of
or any premium or interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer Securities to be issued in exchange for Bearer Securities of other authorized denominations or to
permit or facilitate the issuance of Securities in uncertificated form; provided that any such action shall not adversely affect the interests of the Holders of Securities of any series or any related coupons in any material respect; or

 (5) to change or eliminate any of the provisions of this Indenture; provided that any such change or
elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision; or 

(6) Reserved; or 
 (7) to establish the form or terms of Securities of any series or tranche as permitted by Sections 201 and 301; or 
 (8) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section
 611(b); or 

  
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 (9) to cure any ambiguity, to correct or supplement any provision herein
which may be inconsistent with any other provision herein, or to make any other changes under this Indenture; provided such action shall not adversely affect the interests of the Holders of Securities of any particular series and any related
coupons in any material respect; or 
 (10) to supplement any of the provisions of this Indenture to such extent
as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Sections 401, 1402 and 1403; provided that any such action shall not adversely affect the interests of the Holders of
Securities of such series and any related coupons or any other series of Securities in any material respect. 
 SECTION
902. Supplemental Indentures With Consent of Holders. With the consent of the Holders of not less than a majority in principal amount of all Outstanding Securities affected by such supplemental indenture, by Act of said Holders delivered
to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each
Outstanding Security affected thereby, 
 (1) change the Stated Maturity of the principal of, or any installment
of interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or change any obligation of the Company to pay Additional Amounts contemplated by
Section 1010 (except as contemplated by Section 801(1) and permitted by Section 901(1)), or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of
the Maturity thereof pursuant to Section 502 or the amount thereof provable in bankruptcy pursuant to Section 504, or change any Place of Payment where, or the coin, currency, currencies, currency unit or composite currency in which, any
Security or any premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment at the option of the
Holder, on or after the Redemption Date or Repayment Date, as the case may be), or 
 (2) reduce the percentage
in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this
Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 
 (3) modify
any of the provisions of this Section, Section 513 or Section 1011, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each
Outstanding Security affected thereby, provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this
Section and Section 1011, or the deletion of this proviso, in accordance with the requirements of Sections 611(b) and 901(8). 

  
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 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which
has expressly been included solely for the benefit of one or more particular series or tranches of Securities, or which modifies the rights of the Holders of Securities of such series or tranche with respect to such covenant or other provision,
shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series or tranche, as applicable. 
 It
shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

SECTION 903. Execution of Supplemental Indentures. In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, and (subject to Section 601) shall be fully protected in relying upon, an Officers’
Certificate and Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 SECTION 904. Effect of
Supplemental Indentures. Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and
every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 SECTION
905. Conformity With Trust Indenture Act. Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

SECTION 906. Reference in Securities to Supplemental Indentures. Securities of any series authenticated and delivered after
the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so
determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in
exchange for Outstanding Securities of such series. 

  
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 ARTICLE TEN 
 COVENANTS 
 SECTION 1001. Payment of Principal, Premium and Interest.
The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of (and premium, if any) and interest (including all Additional Amounts, if any, contemplated by Section 1010) on
the Securities of that series in accordance with the terms of the Securities, any coupons appertaining thereto and this Indenture. Unless otherwise specified as contemplated by Section 301 with respect to any series of Securities, any interest
due on Bearer Securities on or before Maturity shall be payable only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature. 

SECTION 1002. Maintenance of Office or Agency. If the Securities of a series are issuable only as Registered Securities, the
Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of
transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. If Securities of a series are issuable as Bearer Securities, the Company will maintain
(A) in The City of New York, an office or agency where any Registered Securities of that series may be presented or surrendered for payment, where any Registered Securities of that series may be surrendered for registration of transfer, where
Securities of that series may be surrendered for exchange, where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served and where Bearer Securities of that series and related coupons
may be presented or surrendered for payment in the circumstances described in the following paragraph (and not otherwise); (B) subject to any laws or regulations applicable thereto, in a Place of Payment for that series which is located outside
the United States, an office or agency where Securities of that series and related coupons may be presented and surrendered for payment (including payment of any Additional Amounts payable on Securities of that series as contemplated by
Section 1010); provided, however, that if the Securities of that series are listed on the Luxembourg Stock Exchange or any other stock exchange located outside the United States and such stock exchange shall so require, the
Company will maintain a Paying Agent for the Securities of that series in Luxembourg or any other required city located outside the United States, as the case may be, so long as the Securities of that series are listed on such exchange, and
(C) subject to any laws or regulations applicable thereto, in a Place of Payment for that series located outside the United States an office or agency where any Registered Securities of that series may be surrendered for registration of
transfer, where Securities of that series may be surrendered for exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. The Company will give prompt written notice
to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities of that series and the related coupons may be presented and surrendered for payment (including payment
of any Additional Amounts payable on Bearer Securities of that series as contemplated by Section 1010) at the offices specified in the Security, outside of the United States, and the Company hereby appoints the same as its agent to receive such
respective presentations, surrenders, notices and demands. 

  
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 Unless otherwise specified with respect to any Securities pursuant to Section 301, no payment of
principal, premium or interest on Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank located in the
United States; provided, however, that, if the Securities of a series are payable in Dollars, payment of principal of and any premium and interest on any Bearer Security (including any Additional Amounts payable on Securities of such
series contemplated by Section 1010) shall be made at the office of the Company’s Paying Agent in The City of New York, if (but only if) payment in Dollars of the full amount of such principal, premium, interest or Additional Amounts, as
the case may be, at all offices or agencies outside the United States maintained for the purpose by the Company in accordance with this Indenture is illegal or effectively precluded by exchange controls or other similar restrictions. 

The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency in accordance with the requirements set forth above for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such
other office or agency. 
 Unless otherwise specified with respect to any Securities pursuant to Section 301, if and so long as the
Securities of any series (i) are denominated in a currency other than Dollars or (ii) may be payable in a currency other than Dollars, or so long as it is required under any other provision of the Indenture, then the Company will maintain
with respect to each such series of Securities, or as so required, at least one Exchange Rate Agent. 
 SECTION
1003. Money for Securities Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to any series of Securities and any related coupons, it will, on or before each due date of the principal
of (and premium, if any) or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the currency, currencies or currency unit in which the Securities of such series are
payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal (and premium, if any) or interest so
becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 
 Whenever the Company shall have one or more Paying Agents for any series of Securities and any related coupons, it will, prior to or on each due date of the principal of (and premium, if any) or interest
on any Securities of that series, deposit with a Paying Agent a sum (in the currency, currencies or currency unit described in the preceding paragraph) sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be
held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

  
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 The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and
deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 

(1) hold all sums held by it for the payment of the principal of (and premium, if any) or interest on Securities of that
series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities of that series) in the making of any payment of principal (and premium, if any) or interest on the
Securities of that series; and 
 (3) at any time during the continuance of any such default, upon the written
request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the
purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held
by the Trustee upon the same trusts as those upon which sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to
such money. 
 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal
of (and premium, if any) or interest on any Security of any series and remaining unclaimed for two years after such principal (and premium, if any) or interest has become due and payable shall be paid to the Company on Company Request, or (if then
held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of
the Company cause to be published once, in an Authorized Newspaper, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of
such money then remaining will be repaid to the Company. 
 SECTION 1004. Statement as to Compliance. The Company
will deliver to the Trustee, within 120 days after the end of each fiscal year, commencing with its fiscal year ending December 31, 2012, a written statement signed by the principal executive officer, principal financial officer or principal
accounting officer of the Company, stating, as to each signer thereof, that 
 (1) a review of the activities of
the Company during such year and of the Company’s performance under this Indenture has been made under the signer’s supervision, and 
 (2) to the best knowledge of the signer, based on such review, (a) the Company has fulfilled all its obligations under this Indenture throughout such year, or, if there has been a default in the
fulfillment of any such obligation, specifying each such 

  
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known default and the nature and status thereof, and (b) no event has occurred and is continuing which is, or after notice or lapse of time or both would become, an Event of Default under
Section 501, or, if such event has occurred and is continuing, specifying each such known event and the nature and status thereof. 
 SECTION 1005. Payment of Taxes and Other Claims. The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all material taxes,
assessments and governmental charges levied or imposed upon the Company or any Wholly-Owned Domestic Manufacturing Subsidiary or upon the income, profits or property of the Company or any Wholly-Owned Domestic Manufacturing Subsidiary, and
(2) all material lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon any Principal Property of the Company or any Wholly-Owned Domestic Manufacturing Subsidiary; provided, however,
that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

SECTION 1006. Maintenance of Principal Properties. The Company will cause all Principal Properties to be maintained and kept
in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be
necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent or restrict the sale, abandonment or other
disposition of any of such properties if such action is, in the judgment of the Company, desirable in the conduct of the business of the Company and its Subsidiaries as a whole. 

SECTION 1007. Corporate Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence and the rights (charter and statutory) and franchises of the Company and any Wholly Owned Domestic Manufacturing Subsidiary; provided, however, that the Company shall
not be required to preserve any such right or franchise if the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries as a whole. 

SECTION 1008. Reserved. 
 SECTION 1009. Reserved. 
 SECTION 1010. Additional
Amounts. If any Securities of a series provide for the payment of additional amounts to any Holder who is not a United States person in respect of any tax, assessment or governmental charge (“Additional Amounts”), the Company
will pay to the Holder of any Security of such series or any coupon appertaining thereto such Additional Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned, in any context, the payment of
the principal of or any premium or interest on, or in respect of, any Security of a series or payment of any related coupon or the net proceeds received on the sale or exchange of any security of a series, such mention shall be deemed to include

  
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mention of the payment of Additional Amounts provided for by the terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts are, were or
would be payable in respect thereof pursuant to such terms and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such
express mention is not made. 
 SECTION 1011. Waiver of Certain Covenants. The Company may omit in any particular
instance to comply with any term, provision or condition set forth in Sections 1005 to 1007, inclusive, if before the time for such compliance the Holders of at least a majority in principal amount of all Outstanding Securities, by Act of such
Holders, waive such compliance in such instance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become
effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 

SECTION 1101. Applicability of Article. Securities of any series which are redeemable before their Stated Maturity shall be
redeemable in accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 

SECTION 1102. Election to Redeem; Notice to Trustee. The election of the Company to redeem any Securities shall be evidenced
by a Board Resolution. In case of any redemption at the election of the Company of all the Securities of any series, the Company shall, at least 40 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory
to the Trustee), notify the Trustee of such Redemption Date. In case of any redemption at the election of the Company of less than all the Securities of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the
Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the
expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction.

 SECTION 1103. Selection by Trustee of Securities to Be Redeemed. If less than all the Securities of any series
are to be redeemed, the particular securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Depository and the Trustee, from the Outstanding Securities of such series not previously called for redemption,
by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof) of the
principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for securities of that series. 

  
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 The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in
the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture,
unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has
been or is to be redeemed. 
 SECTION 1104. Notice of Redemption. Notice of redemption shall be given in the manner
provided in Section 106 not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of securities to be redeemed. 

All notices of redemption shall identify the Securities to be redeemed (including CUSIP number if any) and shall state: 

(1) the Redemption Date, 
 (2) the Redemption Price, 
 (3) if less than all the Outstanding
Securities of any series are to be redeemed, the identification (and, in the case of partial redemption, the principal amounts) of the particular Securities to be redeemed, 

(4) that on the Redemption Date the Redemption Price (together with accrued interest to the Redemption Date payable as
provided in Section 1106) will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date (unless there is a default on payment of the Redemption Price),

 (5) the place or places where such Securities, together in the case of Bearer Securities with all coupons
appertaining thereto, if any, maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price, 
 (6) that the redemption is for a sinking fund, if such is the case, 

(7) that, unless otherwise specified in such notice, Bearer Securities of any series, if any, surrendered for redemption
must be accompanied by all coupons maturing subsequent to the date fixed for redemption or the amount of any such missing coupon or coupons will be deducted from the Redemption Price or security or indemnity satisfactory to the Company, the Trustee
for such series and any Paying Agent is furnished, and 
 (8) if Bearer Securities of any series are to be
redeemed and any Registered Securities of such series are not to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to redemption on this Redemption Date pursuant to Section 305 or otherwise, the
last date, as determined by the Company, on which such exchanges may be made. 

  
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 Notice of redemption of securities to be redeemed at the election of the Company shall be given by the
Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company, provided that the Company has given the Trustee the notice information 5 days prior to it being distributed to Holders. 

SECTION 1105. Deposit of Redemption Price. Prior to any Redemption Date, the Company shall deposit with the Trustee or with a
Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money in the currency, currencies or currency unit in which the Securities of such series are payable
(except as otherwise specified pursuant to Section 301 for the Securities of such Series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the Redemption Price of, and accrued interest on, all the
securities which are to be redeemed on that date. 
 SECTION 1106. Securities Payable on Redemption Date. Notice of
redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified in the currency, currencies or currency unit in which the Securities of such
series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such Series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) (together with accrued interest, if any, to the Redemption
Date), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest and the coupons for such interest appertaining to any Bearer Securities
so to be redeemed, except to the extent provided below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, together with all coupons, if any, appertaining thereto maturing after the Redemption Date,
such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer Securities whose Stated Maturity is on or prior to
the Redemption Date shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and
surrender of coupons for such interest, and provided further that installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307. 
 If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant coupons maturing after the Redemption Date, such security may be paid after deducting from the Redemption
Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to
save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from the Redemption Price,
such Holder shall be entitled to receive the amount so deducted; provided, however, that interest represented by coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in
Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those coupons. 

  
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 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the
principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 SECTION 1107. Securities Redeemed in Part. Any Registered Security which is to be redeemed only in part (pursuant to the provisions of this Article or of Article Twelve) shall be surrendered
at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly
authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series, of any authorized denomination as requested
by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
 ARTICLE TWELVE 
 SINKING FUNDS 

SECTION 1201. Applicability of Article. Retirements of Securities of any series pursuant to any sinking fund shall be made in
accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 
 The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of
such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund
payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 

SECTION 1202. Satisfaction of Sinking Fund Payments With Securities. The Company (1) may deliver to the Trustee
Outstanding Securities of a series (other than any previously called for redemption) theretofore purchased or otherwise acquired by the Company together in the case of any Bearer Securities of such series with all unmatured coupons appertaining
thereto, and (2) receive credit for Securities of a series which have been previously delivered to the Trustee by the Company or for Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of
such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of the same
series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such
purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

  
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 SECTION 1203. Redemption of Securities for Sinking Fund. Not less than
60 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the
terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash in the currency, currencies or currency unit in which the Securities of such series are payable (except as otherwise specified pursuant to
Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) and the portion thereof, if any, which is to be satisfied by delivering or crediting Securities of that series pursuant
to Section 1202 (which Securities will, if not previously delivered, accompany such certificate) and whether the Company intends to exercise its right to make a permitted optional sinking fund payment with respect to such series. Such
certificate shall be irrevocable and upon its delivery the Company shall be obligated to make the cash payment or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. In the case of the failure of the
Company to deliver such certificate, the sinking fund payment due on the next succeeding sinking fund payment date for that series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such Securities subject to a
mandatory sinking fund payment without the option to deliver or credit Securities as provided in Section 1202 and without the right to make any optional sinking fund payment, if any, with respect to such series. 

Not more than 60 days before each such sinking fund payment date the Trustee and the Depository shall select the Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly
given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107. 
 Prior to any
sinking fund payment date, the Company shall pay to the Trustee in cash a sum equal to any interest accrued to the date fixed for redemption of Securities or portions thereof to be redeemed on such sinking fund payment date pursuant to this
Section 1203. 
 Notwithstanding the foregoing, with respect to a sinking fund for any series of Securities, if at any time the amount of
cash to be paid into such sinking fund on the next succeeding sinking fund payment date, together with any unused balance of any preceding sinking fund payment or payments for such series, shall not exceed in the aggregate $100,000, the Trustee,
unless requested by the Company, shall not give the next succeeding notice of the redemption of Securities of such series through the operation of the sinking fund. Such unused balance of moneys deposited in such sinking fund shall be added to the
sinking fund payment for such series to be made in cash in the next succeeding year or, at the request of the Company, shall be applied at any time or from time to time to the purchase of Securities of such series, by public or private purchase, in
the open market or otherwise, at not in excess of (excluding accrued interest and brokerage commissions, for which the Trustee or any paying agent will be reimbursed by the Company) the principal amount thereof. 

  
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 ARTICLE THIRTEEN 
 REPAYMENT AT OPTION OF HOLDERS 
 SECTION 1301. Applicability of
Article. Repayment of Securities of any series before their Stated Maturity at the option of Holders thereof shall be made in accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 301 for
Securities of any series) in accordance with this Article. 
 SECTION 1302. Repayment of Securities. Securities of
any series subject to repayment in whole or in part at the option of the Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid at a price equal to the principal amount thereof, together with interest thereon
accrued to the Repayment Date specified in the terms of such Securities. The Company covenants that on or before the Repayment Date it will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 1003) an amount of money in the currency, currencies or currency unit in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the
Securities of such Series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal (or, if so provided by the terms of the Securities of any series, a percentage of the principal) of, and (except
if the Repayment Date shall be an Interest Payment Date) accrued interest on, all the Securities or portions thereof, as the case may be, to be repaid on such date. 
 SECTION 1303. Exercise of Option. Securities of any series subject to repayment at the option of the Holders thereof will contain an “Option to Elect Repayment” form on the reverse
of such Securities. To be repaid at the option of the Holder, any Security so providing for such repayment, with the “Option to Elect Repayment” form on the reverse of such Security duly completed by the Holder, must be received by the
Company at the Place of Payment therefor specified in the terms of such Security (or at such other place or places or which the Company shall from time to time notify the Holders of such Securities) not earlier than 45 days nor later than 30 days
prior to the Repayment Date. If less than the entire principal amount of such Security is to be repaid in accordance with the terms of such security, the principal amount of such Security to be repaid, in increments of the minimum denomination for
Securities of such series, and the denomination or denominations of the Security or Securities to be issued to the Holder for the portion of the principal amount of such Security surrendered that is not to be repaid must be specified. The principal
amount of any Security providing for repayment at the option of the Holder thereof may not be repaid in part if, following such repayment, the unpaid principal amount of such Security would be less than the minimum authorized denomination of
Securities of the series of which such Security to be repaid is a part. Except as otherwise may be provided by the terms of any Security providing for repayment at the option of the Holder thereof, exercise of the repayment option by the Holder
shall be irrevocable unless waived by the Company. 
 If any Bearer Security surrendered for repayment shall not be accompanied by all
appurtenant coupons maturing after the Repayment Date, such Security may be paid after deducting from the amount payable therefor as provided in Section 1302 an amount equal to the face amount of all such missing coupons, or the surrender of
such missing coupon or coupons may be waived by 

  
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the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such
Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made as provided in the preceding sentence, such Holder shall be entitled to receive the amount so deducted;
provided, however, that interest represented by coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated
by Section 301, only upon presentation and surrender of those coupons. 
 SECTION 1304. When Securities Presented
for Repayment Become Due and Payable. If Securities of any series providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by the terms of such Securities, such
securities or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment Date therein specified, and on and after such Repayment Date (unless the Company shall default in the
payment of such Securities on such Repayment Date) interest on such securities or the portions thereof, as the case may be, shall cease to accrue. 
 SECTION 1305. Securities Repaid in Part. Upon surrender of any Registered Security which is to be repaid in part only, the Company shall execute and the Trustee shall authenticate and deliver
to the Holder of such Security, without service charge and at the expense of the Company, a new Registered Security or Securities of the same series, of any authorized denomination specified by the Holder, in an aggregate principal amount equal to
and in exchange for the portion of the principal of such Security so surrendered which is not to be repaid. 
 ARTICLE FOURTEEN

 DEFEASANCE AND COVENANT DEFEASANCE 
 SECTION 1401. Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance. If pursuant to Section 301 provision is made for either or both of
(a) defeasance of the Securities of or within a series under Section 1402 or (b) covenant defeasance of the Securities of or within a series under Section 1403, then the provisions of such Section or Sections, as the case may be,
together with the other provisions of this Article Fourteen (with such modifications thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities and any related coupons, and the
Company may at its option by Board Resolution, at any time, with respect to such Securities and any related coupons, elect to have either Section 1402 (if applicable) or Section 1403 (if applicable) be applied to such Outstanding
Securities and any related coupons upon compliance with the conditions set forth below in this Article Fourteen. 
 SECTION
1402. Defeasance and Discharge. Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the Company shall be deemed to have been discharged from its
obligations with respect to such Outstanding Securities and any related coupons on the date the conditions set forth below are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the Company shall be
deemed to have paid and discharged the entire indebtedness represented by such 

  
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Outstanding Securities and any related coupons, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1405 and the other Sections of this Indenture
referred to in (A) and (B) below, and to have satisfied all its other obligations under such Securities and any related coupons and this Indenture insofar as such Securities and any related coupons are concerned (and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (A) the rights of Holders of such Outstanding Securities and any
related coupons to receive, solely from the trust fund described in Section 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest on such Securities and any related coupons
when such payments are due, (B) the Company’s obligations with respect to such Securities under Sections 305, 306, 1002 and 1003 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by
Section 1010, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (D) this Article Fourteen. Subject to compliance with this Article Fourteen, the Company may exercise its option under this
Section 1402 notwithstanding the prior exercise of its option under Section 1403 with respect to such Securities and any related coupons. 
 SECTION 1403. Covenant Defeasance. Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the Company shall be
released from any covenants specified pursuant to Section 301, with respect to such Outstanding Securities and any related coupons on and after the date the conditions set forth below are satisfied (hereinafter, “covenant
defeasance”), and such Securities and any related coupons shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof)
in connection with such covenant specified pursuant to Section 301, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that, with respect to such
Outstanding Securities and any related coupons, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other covenant, whether directly or indirectly, by
reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section or such other covenant to any other provision herein or in any other document and such omission to comply shall not
constitute a default or an Event of Default under Section 501(3) or Section 501(6) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any related coupons shall be
unaffected thereby. 
 SECTION 1404. Conditions to Defeasance or Covenant Defeasance. The following shall be the
conditions to application of either Section 1402 or Section 1403 to any Outstanding Securities and any related coupons: 
 (1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 609 who shall agree to comply with the
provisions of this Article Fourteen applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities and any
related coupons, (A) an amount (in such currency, currencies or currency unit in which such Securities and any related coupons are then specified as payable at Stated Maturity), 

  
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or (B) Government Obligations applicable to such Securities (determined on the basis of the currency, currencies or currency units in which such Securities are then specified as payable at
Stated Maturity) which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal (including any premium) and
interest, if any, under such Securities and any related coupons, money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, (i) the principal of (and premium, if any) and interest on such Outstanding Securities and any
related coupons on the Stated Maturity of such principal or installment of principal or interest and (ii) any mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities and any related coupons on the day on
which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any related coupons. 
 (2) No Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to such Securities and any related coupons shall have occurred and be continuing
on the date of such deposit or, insofar as subsections 501(4) and (5) are concerned, at any time during the period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied
until the expiration of such period). 
 (3) Such defeasance or covenant defeasance shall not cause the Trustee
for such Securities to have a conflicting interest as defined in Section 608 and for purposes of the Trust Indenture Act with respect to any securities of the Company. 

(4) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under,
this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 
 (5) If, but only if, specified pursuant to Section 301 as being required with respect to the Securities and any related coupons that are the subject of defeasance, in the case of an election under
Section 1402, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (x) the Company has received a ruling from, or a ruling has been published by, the Internal Revenue Service, or (y) since the date of
this Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding Securities and any related coupons will not
recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had
not occurred. 
 (6) If, but only if, specified pursuant to Section 301 as being required with respect to
the Securities and any related coupons that are the subject of covenant defeasance, in the case of an election under Section 1403, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such

  
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Outstanding Securities and any related coupons of such series will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject
to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 
 (7) Such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations in connection therewith pursuant to Section 301.

 (8) The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel,
each stating that all conditions precedent provided for relating to either the defeasance under Section 1402 or the covenant defeasance under Section 1403 (as the case may be) have been complied with and an Opinion of Counsel to the effect
that either (i) as a result of a deposit pursuant to Section 1404(1) and the related exercise of the Company’s option under Section 1402 or Section 1403 (as the case may be), registration is not required under the Investment
Company Act of 1940, as amended, by the Company, the trust funds representing such deposit or the trustee for such trust funds or (ii) all necessary registrations under said Act have been effected. 

SECTION 1405. Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Subject to the
provisions of the last–paragraph of Section 1003, all money and Government Obligations (or other property as may be provided pursuant to Section 301) (including the proceeds thereof) deposited with the Trustee (or other qualifying
trustee–collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 in respect of any Outstanding Securities and any related coupons of such series shall be held in trust and applied by the
Trustee, in accordance with the provisions of such Securities and any related coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Holders of such Securities and any related coupons of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, but such money need not be segregated from other funds except to the extent
required by law. 
 Unless otherwise specified with respect to any Security pursuant to Section 301, if, after a deposit referred to in
Section 1404(1) has been made, (a) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 312(b) or the terms of such Security to receive payment in a currency or
currency unit other than that in which the deposit pursuant to Section 1404(1) has been made in respect of such Security, or (b) a Conversion Event occurs as contemplated in Section 312(d) or 312(e) or by the terms of any Security in
respect of which the deposit pursuant to Section 1404(1) has been made, the indebtedness represented by such Security and any related coupons shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the
principal of (premium, if any, on), and interest, if any, on such Security as they become due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in
respect of such Security into the currency or currency unit in which such Security becomes payable as a result of such election or Conversion Event based on the applicable Market Exchange Rate for such currency or currency unit in effect on the
second Business Day prior to each payment date, except, with respect to a Conversion Event, for such currency or currency unit in effect (as nearly as feasible) at the time of the Conversion Event. 

  
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 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed
against the Government Obligations deposited pursuant to Section 1404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such outstanding
Securities and any related coupons. 
 Anything in this Article Fourteen to the contrary notwithstanding, the Trustee shall deliver or pay to
the Company from time to time upon Company Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in Section 1404 which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent defeasance or covenant defeasance. 

ARTICLE FIFTEEN 

MEETINGS OF HOLDERS OF SECURITIES 
 SECTION 1501. Purposes for Which Meetings May Be Called. If Securities of a series are issuable as Bearer Securities, a meeting of Holders of Securities of such series may be called at any
time and from time to time pursuant to this Article to make, give or take any request demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such
series. 
 SECTION 1502. Call, Notice and Place of Meetings. (a) The Trustee may at any time call a meeting of
Holders of Securities of any series for any purpose specified in Section 1501, to be held at such time and at such place in The City of New York, or in London as the Trustee shall determine. Notice of every meeting of Holders of Securities of
any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 106, not less than 21 nor more than 180 days prior to the
date fixed for the meeting. 
 (b) In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least
10% in principal amount of the Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 1501, by written request setting forth in
reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the
meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time and the place in The City of New York, or in London for such meeting and
may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of this Section. 

  
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 SECTION 1503. Persons Entitled to Vote at Meetings. To be entitled to vote at
any meeting of Holders of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more
Outstanding Securities of such series by such Holder of Holders. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any series shall be the Person entitled to vote at such meeting and their
counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 
 SECTION
1504. Quorum; Action. The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series; provided, however,
that if any action is to be taken at such meeting with respect to a consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a specified percentage in principal amount of the Outstanding Securities of a
series, the Persons entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the
meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the
adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of
such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1502(a), except that such notice need be given only once not less than five days prior to the date on which the meeting is
scheduled to be reconvened. Notice of the reconvening of any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a quorum. 

Except as limited by the proviso to Section 902 any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is
present as aforesaid may be adopted by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided, however, that, except as limited by the proviso to Section 902,
any resolution with respect to any consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a majority in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an
adjourned meeting duly convened and at which a quorum is present as aforesaid only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; and provided further that, except as
limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the Holders of a
specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative
vote of the Holders of such specified percentage in principal amount of the Outstanding Securities of that series. 

  
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 Any resolution passed or decision taken at any meeting of Holders of Securities of any series duly held in
accordance with this Section shall be binding on all the Holders of Securities of such series and the related coupons, whether or not present or represented at the meeting. 
 SECTION 1505. Determination of Voting Rights; Conduct and Adjournment of Meetings. (a) Notwithstanding any provisions of this Indenture, the Trustee may make such reasonable regulations
as it may deem advisable for any meeting of Holders of Securities of a series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such
regulations, the holding of Securities shall be proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104 or by having the signature of the person executing the
proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations may provide that written instruments appointing proxies, regular on their face, may be
presumed valid and genuine without the proof specified in Section 104 or other proof. 
 (b) The Trustee shall, by an
instrument in writing appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 1502(b), in which case the Company or the Holders of Securities of
the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal
amount of the Outstanding Securities of such series represented at the meeting. 
 (c) At any meeting each Holder of a Security
of such series or proxy shall be entitled to one vote for each $1,000 principal amount of Outstanding Securities of such series held or represented by him (determined as specified in the definition of “Outstanding” in Section 101);
provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no
right to vote, except as a Holder of a Security of such series or proxy. 
 (d) Any meeting of Holders of Securities of any
series duly called pursuant to Section 1502 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting; and
the meeting may be held as so adjourned without further notice. 
 SECTION 1506. Counting Votes and Recording Action of
Meetings. The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their
representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes
cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their 

  
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verified written reports in duplicate of all votes cast at the meeting. A record, at least in duplicate, of the proceedings of each meeting of Holders of Securities of any Series shall be
prepared by the Secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth
a copy of the notice of the meeting and showing that said notice was given as provided in Section 1502 and, if applicable, Section 1504. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of
the meeting and one such copy shall be delivered to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive
evidence of the matters therein stated. 
 ARTICLE SIXTEEN 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, 
 OFFICERS, DIRECTORS AND EMPLOYEES 
 SECTION 1601. Exemption from
Individual Liability. No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder,
officer, director or employee, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations of the Company, and that no such personal liability whatever shall attach to, or is or shall
be incurred by, the incorporators, stockholders, officers, directors or employees, as such, of the Company or of any successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the
obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability, either at common law or in equity or by constitution or statute, of, and any and all
such rights and claims against, every such incorporator, stockholder, officer, director or employee, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained
in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of such Securities. 

This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument. 
 ARTICLE SEVENTEEN 

SUBORDINATION OF SECURITIES 
 SECTION 1701. Securities Subordinate to Senior Indebtedness of the Company. The Company, for itself, its successors and assigns, covenants and agrees, and each Holder of the Securities of each
series, by its acceptance thereof, likewise covenants and agrees, that the 

  
 -83-

 
payment of the principal of and premium, if any, and interest, if any, on each and all of the Securities is hereby expressly subordinated (to the extent and in the manner set forth in this
Article) in right of payment to the prior payment in full of all Senior Indebtedness of the Company. 
 Each Holder of the Securities of each
series, by its acceptance thereof, authorizes and directs the Trustee on its behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article, and appoints the Trustee its attorney-in-fact for
any and all such purposes. 
 SECTION 1702. Payment Over of Proceeds of Securities. In the event (a) of any
insolvency or bankruptcy proceedings or any receivership, liquidation, reorganization or other similar proceedings in respect of the Company or a substantial part of its property, or of any proceedings for liquidation, dissolution or other winding
up of the Company, whether or not involving insolvency or bankruptcy, or (b) that (i) a default shall have occurred with respect to the payment of principal of or interest on or other monetary amounts due and payable on any Senior
Indebtedness of the Company, and such default shall have continued beyond the period of grace, if any, in respect thereof, and such default shall not have been cured or waived or shall not have ceased to exist or (ii) the maturity of any Senior
Indebtedness shall have been accelerated because of a default (other than a default in the payment of principal or interest or other monetary amounts due and payable) in respect of any Senior Indebtedness of the Company, as defined therein or in the
instrument under which the same is outstanding and any such acceleration has not been rescinded, then: 
 (i) the
holders of all Senior Indebtedness of the Company shall first be entitled to receive payment of the full amount due thereon, or provision shall be made for such payment in money or money’s worth, before the Holders of any of the Securities are
entitled to receive a payment or distribution (other than Permitted Junior Securities) on account of the principal of or interest on the indebtedness evidenced by the Securities, including, without limitation, any payments made pursuant to Articles
Eleven, Twelve and Thirteen; 
 (ii) any payment by, or distribution of assets of, the Company of any kind or
character, whether in cash, property or securities, to which any Holder or the Trustee would be entitled except for the provisions of this Article (other than Permitted Junior Securities), shall be paid or delivered by the Person making such payment
or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of such Senior Indebtedness of the Company or their representative or representatives or to the trustee or trustees under any
indenture under which any instruments evidencing any of such Senior Indebtedness of the Company may have been issued, ratably according to the aggregate amounts remaining unpaid on account of such Senior Indebtedness of the Company held or
represented by each, to the extent necessary to make payment in full of all Senior Indebtedness of the Company remaining unpaid after giving effect to any concurrent payment or distribution (or provision therefor) to the holders of such Senior
Indebtedness of the Company, before any payment or distribution is made to the Holders of the indebtedness evidenced by the Securities or to the Trustee under this Indenture; and 

  
 -84-

 (iii) in the event that, notwithstanding the foregoing, any payment by, or
distribution of assets of, the Company of any kind or character, whether in cash, property or securities, in respect of principal of, or premium, if any, or interest on the Securities or in connection with any repurchase by the Company of the
Securities (other than Permitted Junior Securities), shall be received by the Trustee or any Holder before all Senior Indebtedness of the Company is paid in full, or provision is made for such payment in money or money’s worth, such payment or
distribution in respect of principal of, or premium, if any, or interest on the Securities or in connection with any repurchase by the Company of the Securities shall be paid over to the holders of such Senior Indebtedness of the Company or their
representative or representatives or to the trustee or trustees under any indenture under which any instruments evidencing any such Senior Indebtedness of the Company may have been issued, ratably as aforesaid, for application to the payment of all
Senior Indebtedness of the Company remaining unpaid until all such Senior Indebtedness of the Company shall have been paid in full, after giving effect to any concurrent payment or distribution (or provision therefor) to the holders of such Senior
Indebtedness of the Company. 
 Notwithstanding the foregoing, payments from money or the proceeds of Government Obligations held in trust for
the payment of principal of and interest on the Securities pursuant to Article Four or Article Fourteen hereof, shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article
Seventeen and none of the Holders shall be obligated to pay over any such amount to the holders of Senior Indebtedness; provided that the subordination provisions of this Article Seventeen were not violated at the time the applicable amounts were
deposited in trust pursuant to Article Four or Article Fourteen, as the case may be. 
 For purposes of this Article only, the words “cash,
property or securities” shall not be deemed to include shares of stock of the Company as reorganized or readjusted, or securities of the Company or any other corporation provided for by a plan of reorganization or readjustment which are
subordinate in right of payment to all Senior Indebtedness of the Company which may at the time be outstanding to the same extent as, or to a greater extent than, the Securities are so subordinated as provided in this Article (collectively, the
“Permitted Junior Securities”). The consolidation of the Company with, or the merger of the Company into, another corporation or the liquidation or dissolution of the Company following the conveyance or transfer of its property as
an entirety, or substantially as an entirety, to another corporation upon the terms and conditions provided for in Article Eight hereof shall not be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this
Section 1702 if such other corporation shall, as a part of such consolidation, merger, conveyance or transfer, comply with the conditions stated in Article Eight hereof. Nothing in Section 1701 or in this Section 1702 shall apply to
claims of, or payments to, the Trustee under or pursuant to Section 607. 
 SECTION 1703. Reserved. 

SECTION 1704. Subrogation. Upon the payment in full of all Senior Indebtedness of the Company or the provision for such
payment in accordance with its terms, the rights of the Holders of the Securities shall be subrogated to the rights of the holders of Senior Indebtedness of the Company to receive any further payments or distributions of cash, property

  
 -85-

 
or securities of the Company applicable to the holders of the Senior Indebtedness of the Company until all amounts owing on the Securities shall be paid in full; and such payments or
distributions of cash, property or securities received by the Holders of the Securities, by reason of such subrogation, which otherwise would be paid or distributed to the holders of such Senior Indebtedness of the Company shall, as between the
Company, its creditors other than the holders of Senior Indebtedness of the Company, and the Holders, be deemed to be a payment by the Company to or on account of Senior Indebtedness of the Company, it being understood that the provisions of this
Article are and are intended solely for the purpose of defining the relative rights of the Holders, on the one hand, and the holders of the Senior Indebtedness of the Company, on the other hand. 

SECTION 1705. Obligation of the Company Unconditional. Nothing contained in this Article or elsewhere in this Indenture or in
the Securities is intended to or shall impair, as among the Company, its creditors other than the holders of Senior Indebtedness of the Company and the Holders, the obligation of the Company, which is absolute and unconditional, to pay to the
Holders the principal of and interest on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than
the holders of Senior Indebtedness of the Company, nor shall anything herein or therein prevent the Trustee or any Holder from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if
any, under this Article of the holders of Senior Indebtedness of the Company in respect of cash, property or securities of the Company received upon the exercise of any such remedy. 
 Upon any payment or distribution of assets or securities of the Company referred to in this Article, the Trustee and the Holders shall be entitled to conclusively rely upon any order or decree of a court
of competent jurisdiction in which such dissolution, winding up, liquidation or reorganization proceedings are pending for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness
of the Company and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon, and all other facts pertinent thereto or to this Article. 

The Trustee shall be entitled to conclusively rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior
Indebtedness of the Company (or a representative of such holder or a trustee under any indenture under which any instruments evidencing any such Senior Indebtedness of the Company may have been issued) to establish that such notice has been given by
a holder of such Senior Indebtedness of the Company or such representative or trustee on behalf of such holder. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a
holder of Senior Indebtedness of the Company to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior
Indebtedness of the Company held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the right of such Person under this Article, and, if such evidence is not
furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment or distribution. 

  
 -86-

 SECTION 1706. Trustee as Holder of Senior Indebtedness of the Company. The
Trustee shall be entitled to all rights set forth in this Article with respect to any Senior Indebtedness of the Company at any time held by it, to the same extent as any other holder of Senior Indebtedness of the Company. Nothing in this Article
shall deprive the Trustee of any of its rights as such holder. 
 Nothing in this Article shall apply to claims of, or payments to, the Trustee
under or pursuant to Section 607. 
 SECTION 1707. Notice to Trustee to Effectuate Subordination.
Notwithstanding the provisions of this Article or any other provision of the Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment of moneys to or by the Trustee
unless and until the Trustee shall have received written notice thereof from the Company, from a Holder or from a holder of any Senior Indebtedness of the Company or from any representative or representatives of such holder or any trustee or
trustees under any indenture under which any instruments evidencing any such Senior Indebtedness of the Company may have been issued and, prior to the receipt of any such written notice, the Trustee shall be entitled, subject to Section 601, in
all respects to assume that no such facts exist; provided, however, that, if prior to (i) the fifth Business Day preceding the date upon which by the terms hereof any such moneys may become payable for any purpose or (ii) the
second Business Day preceding the date of execution of any instrument pursuant to Section 401 acknowledging satisfaction and discharge of this Indenture, the Trustee shall not have received with respect to such moneys the notice provided for in
this Section, then, anything herein contained to the contrary notwithstanding, the Trustee may, in its discretion, receive such moneys and/or apply the same to the purpose for which they were received, and shall not be affected by any notice to the
contrary, which may be received by it on or after such date. 
 SECTION 1708. Modification, Extension, Etc., of Senior
Indebtedness of the Company. The holders of Senior Indebtedness of the Company may, without affecting in any manner the subordination of the payment of the principal of and premium, if any, and interest, if any, on the Securities, at any time or
from time to time and in their absolute discretion, agree with the Company to change the manner, place or terms of payment, change or extend the time of payment of, or renew or alter, any Senior Indebtedness of the Company, or amend or supplement
any instrument pursuant to which any Senior Indebtedness of the Company is issued, or exercise or refrain from exercising any other of their rights under the Senior Indebtedness of the Company including, without limitation, the waiver of default
thereunder, all without notice to or assent from the Holders or the Trustee. 
 SECTION 1709. Trustee Has No Fiduciary
Duty to Holders of Senior Indebtedness of the Company. With respect to the holders of Senior Indebtedness of the Company, the Trustee undertakes to perform or to observe only such of its covenants and objectives as are specifically set forth in
this Indenture, and no implied covenants or obligations with respect to the holders of Senior Indebtedness of the Company shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders
of Senior Indebtedness of the Company, and shall not be liable to any such holders if it shall mistakenly pay over or deliver to the Holders or the Company or any other Person, money or assets to which any holders of Senior Indebtedness of the
Company shall be entitled by virtue of this Article or otherwise. 

  
 -87-

 SECTION 1710. Paying Agents Other than the Trustee. 

In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term
“Trustee” as used in this Article shall in such case (unless the context shall otherwise require) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent
were named in this Article in addition to or in place of the Trustee; provided, however, that Sections 1706, 1707 and 1709 shall not apply to the Company if it acts as Paying Agent. 

SECTION 1711. Rights of Holders of Senior Indebtedness of the Company Not Impaired. 

No right of any present or future holder of Senior Indebtedness of the Company to enforce the subordination herein shall at any time or in any way be
prejudiced or impaired by any act or failure to act on the part of the Company or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be
otherwise charged with. 

  
 -88-

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

					
	UNITED TECHNOLOGIES CORPORATION
		
	By:  	 	/s/ Thomas I. Rogan
		 	Name:  	 	Thomas I. Rogan
		 	Title:  	 	Vice President, Treasurer

  

					
	Attest:  	 	/s/ Charles F Hildebrand
		 	Name:  	 	Charles F Hildebrand
		 	Title:  	 	Assistant Secretary

  

					
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
		
	By:  	 	 
		 	Name:  	 	Lawrence M. Kusch
		 	Title:  	 	Vice President

  
 [Signature
Page to Junior Subordinate Indenture] 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

					
	UNITED TECHNOLOGIES CORPORATION
		
	By:  	 	 
		 	Name:  	 	Thomas I. Rogan
		 	Title:  	 	Vice President, Treasurer

  

					
	Attest:  	 	 
		 	Name:  	 	Charles F Hildebrand
		 	Title:  	 	Assistant Secretary

  

					
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
		
	By:  	 	/s/ Lawrence M. Kusch
		 	Name:  	 	Lawrence M. Kusch
		 	Title:  	 	Vice President

  
 [Signature
Page to Junior Subordinate Indenture]EX-10.1

 Exhibit 10.1 

 
  

 
 $1,600,000,000 LOAN AGREEMENT

 Dated as of May 23, 2013 
 among 
 US AIRWAYS, INC., 

as Borrower, 
 CERTAIN AFFILIATES OF THE BORROWER FROM 
 TIME TO TIME PARTY HERETO,

 THE SEVERAL LENDERS FROM 
 TIME TO TIME PARTY HERETO, 
 and 

CITICORP NORTH AMERICA, INC., 
 as Administrative Agent 
 * * * 

CITIGROUP GLOBAL MARKETS INC. and 
 BARCLAYS BANK PLC, 
 as Joint Lead Arrangers 

CITIGROUP GLOBAL MARKETS INC. and 
 BARCLAYS BANK PLC, 
 MORGAN STANLEY SENIOR FUNDING, INC. and

 GOLDMAN SACHS BANK USA, 
 as Joint Bookrunners 
 * * * 

BARCLAYS BANK PLC, 
 as Syndication Agent 
 * * * 

MORGAN STANLEY SENIOR FUNDING, INC. AND GOLDMAN SACHS BANK USA, 

as Documentation Agents 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS
	  	 	1	  
			
	 Section 1.1
	 	 Defined Terms
	  	 	1	  
			
	 Section 1.2
	 	 Computation of Time Periods
	  	 	46	  
			
	 Section 1.3
	 	 Accounting Terms and Principles
	  	 	46	  
			
	 Section 1.4
	 	 Certain Terms
	  	 	47	  
		
	 ARTICLE II THE LOANS
	  	 	47	  
			
	 Section 2.1
	 	 Commitment to Lend
	  	 	47	  
			
	 Section 2.2
	 	 Repayment of the Loans
	  	 	47	  
			
	 Section 2.3
	 	 Making of the Loans; Evidence of Debt
	  	 	48	  
			
	 Section 2.4
	 	 Commitment Termination
	  	 	49	  
			
	 Section 2.5
	 	 Optional Payments
	  	 	49	  
			
	 Section 2.6
	 	 Mandatory Prepayments
	  	 	50	  
			
	 Section 2.7
	 	 Interest
	  	 	51	  
			
	 Section 2.8
	 	 Fees
	  	 	52	  
			
	 Section 2.9
	 	 Payments and Computations
	  	 	53	  
			
	 Section 2.10
	 	 Certain Provisions Governing the Loan
	  	 	54	  
			
	 Section 2.11
	 	 Capital Adequacy
	  	 	56	  
			
	 Section 2.12
	 	 Taxes
	  	 	56	  
			
	 Section 2.13
	 	 Substitution of Lenders
	  	 	60	  
			
	 Section 2.14
	 	 Incremental Term Facilities
	  	 	61	  
			
	 Section 2.15
	 	 Loan Modification Offers
	  	 	63	  
		
	 ARTICLE III CONDITIONS PRECEDENT
	  	 	64	  
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	66	  
			
	 Section 4.1
	 	 Organization, Qualification, Subsidiaries, etc.
	  	 	66	  
			
	 Section 4.2
	 	 Authorization of Loan Documents, etc.
	  	 	66	  
			
	 Section 4.3
	 	 Financial Condition
	  	 	67	  
			
	 Section 4.4
	 	 No Material Adverse Change; No Defaults
	  	 	67	  
			
	 Section 4.5
	 	 Title to Collateral; Liens
	  	 	68	  
			
	 Section 4.6
	 	 Litigation
	  	 	68	  
			
	 Section 4.7
	 	 Payment of Taxes
	  	 	68	  
			
	 Section 4.8
	 	 Performance of Agreements; No Materially Adverse Agreements
	  	 	68	  
			
	 Section 4.9
	 	 Governmental Regulation
	  	 	68	  
			
	 Section 4.10
	 	 Securities Activities
	  	 	68	  

  
 i 

							
			
	 Section 4.11
	 	 Employee Benefit Plans
	  	 	69	  
			
	 Section 4.12
	 	 Environmental Protection
	  	 	69	  
			
	 Section 4.13
	 	 Disclosure
	  	 	70	  
			
	 Section 4.14
	 	 Compliance with Laws
	  	 	70	  
			
	 Section 4.15
	 	 Indebtedness
	  	 	70	  
			
	 Section 4.16
	 	 Insurance
	  	 	70	  
			
	 Section 4.17
	 	 Perfected Security Interests
	  	 	70	  
			
	 Section 4.18
	 	 Absence of Labor Disputes
	  	 	71	  
			
	 Section 4.19
	 	 Slot Utilization
	  	 	71	  
			
	 Section 4.20
	 	 Deposit Accounts and Securities Accounts
	  	 	71	  
			
	 Section 4.21
	 	 Use of Proceeds
	  	 	71	  
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	 	71	  
			
	 Section 5.1
	 	 Accounting Controls; Financial Statements and Other Reports
	  	 	71	  
			
	 Section 5.2
	 	 Corporate Existence
	  	 	73	  
			
	 Section 5.3
	 	 Payment of Taxes and Claims
	  	 	73	  
			
	 Section 5.4
	 	 Maintenance of Properties; Insurance
	  	 	74	  
			
	 Section 5.5
	 	 Inspection
	  	 	74	  
			
	 Section 5.6
	 	 Compliance with Laws, Etc.
	  	 	75	  
			
	 Section 5.7
	 	 Remedial Action Regarding Hazardous Materials
	  	 	75	  
			
	 Section 5.8
	 	 Additional Obligors; Collateral
	  	 	76	  
			
	 Section 5.9
	 	 Employee Benefit Plans
	  	 	77	  
			
	 Section 5.10
	 	 FAA Matters; Citizenship
	  	 	77	  
			
	 Section 5.11
	 	 Slot Utilization
	  	 	77	  
			
	 Section 5.12
	 	 Further Assurances
	  	 	78	  
			
	 Section 5.13
	 	 Credit Rating
	  	 	78	  
			
	 Section 5.14
	 	 Collateral Reports and Appraisals
	  	 	78	  
			
	 Section 5.15
	 	 Software
	  	 	79	  
			
	 Section 5.16
	 	 Cape Town Convention
	  	 	79	  
			
	 Section 5.17
	 	 Designation of Unrestricted Subsidiaries
	  	 	80	  
			
	 Section 5.18
	 	 Receivables Subsidiary
	  	 	80	  
			
	 Section 5.19
	 	 Post-Closing Matters
	  	 	80	  
			
	 Section 5.20
	 	 Collateral Ownership
	  	 	80	  
			
	 Section 5.21
	 	 Regulatory Cooperation
	  	 	80	  
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	 	81	  
			
	 Section 6.1
	 	 Liens on Collateral and Related Matters
	  	 	81	  

  
 ii 

							
			
	 Section 6.2
	 	 Restricted Payments and Investments
	  	 	82	  
			
	 Section 6.3
	 	 Financial Covenants
	  	 	87	  
			
	 Section 6.4
	 	 Restriction on Acquisitions
	  	 	88	  
			
	 Section 6.5
	 	 [Reserved]
	  	 	88	  
			
	 Section 6.6
	 	 Transactions with Affiliates
	  	 	89	  
			
	 Section 6.7
	 	 Conduct of Business
	  	 	90	  
			
	 Section 6.8
	 	 Merger or Consolidation
	  	 	91	  
			
	 Section 6.9
	 	 Limitations on Amendments
	  	 	91	  
			
	 Section 6.10
	 	 No Further Negative Pledges
	  	 	92	  
			
	 Section 6.11
	 	 Hedging and Cost Management Strategies
	  	 	92	  
			
	 Section 6.12
	 	 Asset Dispositions
	  	 	92	  
			
	 Section 6.13
	 	 Hazardous Materials
	  	 	92	  
			
	 Section 6.14
	 	 ERISA Events
	  	 	93	  
		
	 ARTICLE VII EVENTS OF DEFAULT
	  	 	93	  
			
	 Section 7.1
	 	 Events of Default
	  	 	93	  
			
	 Section 7.2
	 	 Remedies
	  	 	95	  
		
	 ARTICLE VIII THE ADMINISTRATIVE AGENT
	  	 	95	  
			
	 Section 8.1
	 	 Appointment, Powers and Immunities
	  	 	95	  
			
	 Section 8.2
	 	 Reliance by Administrative Agent
	  	 	96	  
			
	 Section 8.3
	 	 Defaults
	  	 	96	  
			
	 Section 8.4
	 	 Rights as a Lender
	  	 	97	  
			
	 Section 8.5
	 	 Indemnification
	  	 	97	  
			
	 Section 8.6
	 	 Non-Reliance on Administrative Agent and Other Lenders
	  	 	97	  
			
	 Section 8.7
	 	 Failure to Act
	  	 	97	  
			
	 Section 8.8
	 	 Resignation or Removal of Administrative Agent
	  	 	98	  
			
	 Section 8.9
	 	 Release of Collateral or Guarantors
	  	 	98	  
			
	 Section 8.10
	 	 Arrangers, Bookrunners, Syndication Agents and Documentation Agents
	  	 	99	  
		
	 ARTICLE IX MISCELLANEOUS
	  	 	99	  
			
	 Section 9.1
	 	 Amendments, Waivers, Etc.
	  	 	99	  
			
	 Section 9.2
	 	 Assignments and Participations; Successors and Assigns
	  	 	101	  
			
	 Section 9.3
	 	 Costs and Expenses
	  	 	104	  
			
	 Section 9.4
	 	 Indemnities
	  	 	104	  
			
	 Section 9.5
	 	 Right of Set-Off
	  	 	105	  
			
	 Section 9.6
	 	 Sharing of Payments, Etc.
	  	 	106	  
			
	 Section 9.7
	 	 Notices
	  	 	106	  

  
 iii

							
			
	 Section 9.8
	 	 No Waiver; Remedies
	  	 	107	  
			
	 Section 9.9
	 	 Governing Law
	  	 	107	  
			
	 Section 9.10
	 	 Submission to Jurisdiction; Service of Process
	  	 	108	  
			
	 Section 9.11
	 	 Waiver of Jury Trial
	  	 	108	  
			
	 Section 9.12
	 	 Waiver of Consequential Damages, Etc.
	  	 	108	  
			
	 Section 9.13
	 	 Marshaling; Payments Set Aside
	  	 	108	  
			
	 Section 9.14
	 	 Section Titles
	  	 	109	  
			
	 Section 9.15
	 	 Execution in Counterparts
	  	 	109	  
			
	 Section 9.16
	 	 Severability
	  	 	109	  
			
	 Section 9.17
	 	 Confidentiality
	  	 	109	  
			
	 Section 9.18
	 	 Independence of Representations, Warranties and Covenants
	  	 	110	  
			
	 Section 9.19
	 	 Non-Public Information
	  	 	110	  
			
	 Section 9.20
	 	 Compliance with Anti-Money Laundering Laws
	  	 	110	  
			
	 Section 9.21
	 	 PATRIOT Act Notice
	  	 	110	  
			
	 Section 9.22
	 	 No Fiduciary Duty
	  	 	110	  

  
 iv 

			
	Annexes	  	
		
	Annex A	  	Addresses for Notices
		
	Schedules	  	
		
	Schedule I	  	Commitments
	Schedule 3(c)	  	Governmental Consents
	Schedule 4.1(c)	  	Subsidiaries
	Schedule 4.1(d)	  	Obligor Information
	Schedule 4.2(c)	  	Consents, Approvals, etc.
	Schedule 4.6	  	Material Litigation
	Schedule 4.11(a)	  	Plans and Multiemployer Plans
	Schedule 4.12(b)	  	Hazardous Material Activity
	Schedule 4.12(c)	  	Environmental Claims
	Schedule 4.15	  	Indebtedness
	Schedule 4.16	  	Insurance
	Schedule 4.18	  	Labor Disputes
	Schedule 4.20	  	Deposit Accounts and Securities Accounts
	Schedule 5.19	  	Post-Closing Matters
	Schedule 6.1(b)	  	Permitted Payment Restrictions
	Schedule 6.2(e)	  	Investments
	Schedule 6.6(b)	  	Transactions with Affiliates
		
	Exhibits	  	
		
	Exhibits A-1, A-2	  	Form of Assignment and Acceptance, Form of Permitted Purchaser Assignment and Acceptance
	Exhibit B	  	Form of Term Note
	Exhibit C	  	Aircraft Mortgage
	Exhibit D	  	Spare Parts Mortgage
	Exhibit E	  	SGR Security Agreement
	 Exhibit F-1
 Exhibit
F-2
	  	 Security Agreement
 LHR UK
Security Agreement

	Exhibit G	  	Form of Mortgage
	Exhibit H	  	Form of Collateral Value Certificate
	Exhibit I	  	Guaranty
	Exhibit J	  	Form of Subsidiary Joinder
	Exhibit K	  	Form of Notice of Conversion/Continuation
	Exhibit L	  	Investment Guidelines
	Exhibit M	  	Form of Notice of Borrowing
	Exhibits N-1, N-2, N-3, N-4	  	Form of U.S. Tax Compliance Certificate

  
 v 

 LOAN AGREEMENT, dated as of May 23, 2013, among US AIRWAYS, INC., a Delaware
corporation (the “Borrower”), US AIRWAYS GROUP, INC. (“Group”), the direct and indirect Subsidiaries of Group and certain other affiliates of the Borrower party hereto from time to time, the several banks and other
financial institutions or entities from time to time party hereto as Lenders, and CITICORP NORTH AMERICA, INC. (“Citibank”), as administrative agent and collateral agent for the Lenders (in such capacity, together with its
successors and permitted assigns, the “Administrative Agent”). 
 W I T N E S S E T H: 

WHEREAS the Borrower proposes to borrow from the Lenders the term loans described herein (a) on the Closing Date, to repay in full
or discharge all of the outstanding obligations under the Existing Loan Agreements and other existing Indebtedness and to pay related fees and expenses and (b) on and after the Closing Date, for general corporate purposes, and the Lenders,
severally but not jointly, propose to provide the term loans to the Borrower consisting of two tranches and in an aggregate principal amount of $1,600,000,000, for such purposes on the terms hereof. 

NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, the parties hereto hereby agree as
follows: 
 ARTICLE I 
 DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS 
 Section 1.1 Defined
Terms. As used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“AAI” means American Airlines, Inc., a Delaware corporation. 

“Accepting Lenders” has the meaning specified in Section 2.15(a). 

“Account Debtor” means any Person who may become obligated to any Obligor under, with respect to, or on account of, an
Account. 
 “Accounts” means all “accounts”, as such term is defined in the UCC. 

“Acquisition” has the meaning specified in Section 6.4. 

“Additional Lender” means, at any time, any bank or other financial institution that provides any portion of any
Incremental Term Loans pursuant to an Incremental Amendment in accordance with Section 2.14. 
 “Administrative
Agent” has the meaning specified in the preamble to this Agreement. 
 “Administrative Agent Fee
Letter” means the letter agreement, dated May 23, 2013, addressed to the Borrower from the Administrative Agent and accepted by the Borrower, with respect to certain fees to be paid from time to time to the Administrative Agent.

 “Affiliate” means, with respect to any Person, any other Person which, directly or indirectly, controls, is
controlled by or is under common control with such Person. For purposes of this 

 
definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise. 
 “Affiliate Transaction” has the meaning specified
in Section 6.6(a). 
 “Aggregate Amounts Due” has the meaning specified in Section 9.6. 

“Agreement” means this Loan Agreement. 
 “Air Carrier” means each of US Airways and, if and so long as any other Obligor owns or operates Aircraft Related Equipment (of the type described in Section 1110 of the Bankruptcy
Code or any analogous successor provision of the Bankruptcy Code), each such Obligor so owning or operating such Aircraft Related Equipment. 
 “Aircraft” has the meaning ascribed to it in the Aircraft Mortgage. 
 “Aircraft Mortgage” means an Aircraft and Engines Mortgage and Security Agreement among the Obligors party thereto and the Administrative Agent, in substantially the form of Exhibit
C. 
 “Aircraft Related Equipment” means (i) each Obligor’s aircraft fleet (including engines,
airframes, propellers and appliances), spare aircraft engines and propellers, spare parts, aircraft parts, Flight Simulators and other training devices, QEC Kits, passenger loading bridges or other flight or ground equipment and (ii) airport
terminal facilities, including without limitation, baggage systems, loading bridges and related equipment, building, infrastructure and maintenance, club rooms, apron, fueling systems or facilities, signage/image systems, administrative offices,
information technology systems and security systems. 
 “Airlines Merger” means the merger, asset transfer,
consolidation or other transaction which results in one or more airline Subsidiaries of Holdings operating under a single operating certificate. 
 “Airline/Parent Merger” means the merger or consolidation, if any, of Holdings with any airline Subsidiary of Holdings. 

“AML Laws” has the meaning specified in Section 9.20. 

“AMR” means AMR Corporation, a Delaware corporation, or its successor. 

“AMR Obligor” means each of AMR and AAI. 
 “Applicable Margin” means, for any Loan, a percentage per annum equal to: 
  

																	
	 	  	Tranche B1 
Term
Loans
(LIBOR)	 	 	Tranche B1 Term
Loans
(Index
Rate)	 	 	Tranche B2 
Term
Loans
(LIBOR)	 	 	Tranche B2 Term
Loans
(Index
Rate)	 
	 On any day prior to the consummation of
	  	 	3.25	% 	 	 	2.25	% 	 	 	2.50	% 	 	 	1.50	% 

  
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	 the Merger
	  				 				 				 			
	 On any day on or after the consummation of the Merger
	  	 	3.00	% 	 	 	2.00	% 	 	 	2.25	% 	 	 	1.25	% 

 “Appraisal Report” means, with respect to each category of Appraised Collateral,
(i) the Baseline Appraisal and (ii) each subsequent appraisal pursuant to Section 5.14, each in form and substance reasonably satisfactory to the Administrative Agent and prepared by an Appraiser, which certifies, at the time of
determination, the current market value of the assets subject to such appraisal; provided that except as otherwise agreed to by the Administrative Agent, each Appraisal Report obtained subsequent to the preparation of any Baseline Appraisal
with respect to each category of Appraised Collateral shall be (A) prepared by an Appraiser that was an Appraiser for such category of Collateral as of the Closing Date, unless such Appraiser is no longer providing appraisals for such type of
property or the Borrower determines to change the Appraiser (in which case, another Appraiser will be selected in accordance with the definition of Appraiser) and (B) in any event, based on the same methodologies and assumptions (including,
without limitation, the time period for the Disposition of such Appraised Collateral and the market conditions perceived to exist at the time) used in the Baseline Appraisal for such category of Appraised Collateral, if any. 

“Appraised Collateral” means, Spare Engines, Spare Parts, Ground Service Equipment, Flight Simulators, Real Estate,
Slots, Routes, Aircraft and QEC Kits which the Borrower has obtained Appraisal Reports, in form and substance reasonably satisfactory to the Administrative Agent. 
 “Appraised Value” means, with respect to any item of Appraised Collateral, the current market value of such Collateral as reflected in the most recent Appraisal Report obtained in respect
of such Appraised Collateral in accordance with this Agreement. 
 “Appraiser” means (i) with respect to
Spare Parts, Sage Popovich, Inc. or Simat Helliesen & Eichner, Inc., (ii) with respect to Real Estate, CB Richard Ellis, (iii) with respect to all other Appraised Collateral, Simat Helliesen & Eichner, Inc. or Morten,
Beyer & Agnew or (iv) any other firm of nationally recognized, independent appraisers as may be selected by the Borrower (or, if a Default or Event of Default has occurred and is continuing, by the Administrative Agent) that is
reasonably acceptable to the Administrative Agent. 
 “Approved Fund” means, with respect to any Lender, any
Person (other than a natural Person) that (a) is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the Ordinary Course of Business and (b) is advised or managed by
(i) such Lender, (ii) any Affiliate of such Lender or (iii) any Person (other than an individual) or any Affiliate of any Person (other than an individual) that administers or manages such Lender. 

“Asset Disposition” means any Disposition by an Obligor to any Person other than another Obligor of (i) all or any
of the Capital Stock of any Obligor other than Holdings or any other Obligor whose Capital Stock is publicly traded or (ii) any Collateral of any Obligor; provided that, the term “Asset Disposition” shall not include:

 (a) the Disposition of any Collateral permitted under the applicable Collateral Document; 

  
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 (b) any leasing or subleasing of property constituting Collateral (other
than Slots) in the Ordinary Course of Business; provided that any such lease or sublease is subject and subordinate to the Lien of the Collateral Agent and permitted by the applicable Collateral Document; 

(c) a Disposition of Collateral resulting from a casualty or a condemnation by a Governmental Authority; 

(d) any Slot Arrangement not otherwise permitted in clauses (a) through (c) above, so long as: 

(A) such Slot Arrangement is entered into with any other Person if such Slot Arrangement is subject and subordinated to
the rights of the Administrative Agent under the applicable Collateral Documents on terms reasonably satisfactory to the Administrative Agent (provided that, in connection with the Administrative Agent’s enforcement of any remedies under this
Agreement, the Administrative Agent shall not terminate or otherwise interfere with such Slot Arrangement prior to its expiration pursuant to the terms thereof) (iii) as of the date of the entry into such Slot Arrangement, no Event of Default
shall have occurred and be continuing and (iv) as of the date of the entry into such Slot Arrangement, the Borrower shall be in compliance with Section 6.3(c); 

(B) such Slot Arrangement is effected in the Ordinary Course of Business of such Obligor in managing its Slot portfolio
and does not result in the sale or loss of the applicable Obligor’s ownership interest in Slots constituting Collateral subject to such Slot Arrangement; provided, that if any such Slot Arrangement is for a term in excess of one year,
(i) such Slot Arrangement shall be subject and subordinate to the rights (including remedies) of the Administrative Agent under the applicable Collateral Documents or (ii) if all Slots subject to such Slot Arrangement were excluded from
the Collateral, no Collateral Coverage Failure would occur; provided, further, that for the avoidance of doubt successive Slot Arrangements for terms not in excess of one year (including any Slot Arrangements that are renewed) shall
not be subject to the immediately preceding proviso; 
 (C) such Slot Arrangement is for purposes of operations
by another airline operating under a brand associated with the Borrower or otherwise operating routes at the Borrower’s direction under a code share agreement, capacity purchase agreement, pro-rate agreement or similar arrangement between such
airline and the Borrower; provided, that such Slot Arrangement shall not result in the sale or loss of the applicable Obligor’s ownership interest in Slots constituting Collateral subject to such Slot Arrangement; provided,
further, that if any such Slot Arrangement is for a term in excess of one year, (i) such Slot Arrangement shall be subject and subordinate to the rights (including remedies) of the Administrative Agent under the applicable Collateral
Documents or (ii) if all Slots subject to such Slot Arrangement were excluded from the Collateral, no Collateral Coverage Failure would occur; provided, further, that for the avoidance of doubt successive Slot Arrangements for
terms not in excess of one year (including any Slot Arrangements that are renewed) shall not be subject to the immediately preceding proviso; or 

  
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 (D) such Slot Arrangement is subject and subordinated to the rights
(including remedies) of the Administrative Agent under the applicable Collateral Documents on terms reasonably satisfactory to the Administrative Agent. 
 For the avoidance of doubt, any Disposition of assets or other property that does not constitute Collateral (or is not of the Capital Stock of any Obligor that holds Collateral) shall not be an
“Asset Disposition”. 
 “Assignment and Acceptance” means an assignment and acceptance entered into
by a Lender and an Eligible Lender, consented to by the Borrower (if applicable) and accepted by the Administrative Agent (unless consummated pursuant to Section 9.2(d)), in substantially the form of Exhibit A-1. 

“Aviation Authority” means any Governmental Authority in respect of the regulation of commercial aviation or the
registration, airworthiness or operation of civil aircraft and having jurisdiction over the Obligors including, without limitation, the FAA and the United States Department of Transportation. 

“Bankruptcy Code” means Title 11 of the United States Code as now and hereafter in effect, or any successor statute.

 “Bankruptcy Event” shall mean, with respect to any Person, such Person becomes the subject of a bankruptcy
or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good
faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by
virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person 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 Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or
disaffirm any contracts or agreements made by such Person. 
 “Baseline Appraisal” means, as to each category
of Appraised Collateral, the most recent Appraisal Report delivered on or before the Closing Date with respect to such category of Appraised Collateral addressed to the Administrative Agent. 

“Borrower” has the meaning specified in the preamble to this Agreement. 

“Borrower Release” means the release of any Collateral from the Lien of the applicable Collateral Document at the
direction of the Borrower pursuant to Section 8.9(b). 
 “Borrowing” means a borrowing consisting of
simultaneous Loans of the same Class and Type made by the Lenders pursuant to Section 2.1. 
 “Business
Day” means a day of the year on which banks are not required or authorized to close in New York, New York, Phoenix, Arizona or, at the option of the Borrower upon notice to the Administrative Agent following a Merger, Dallas, Texas, and, if
the applicable Business Day relates to notices, determinations, fundings and payments in connection with LIBOR, a day on which dealings in Dollar deposits are also carried on in the London interbank market. 

  
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 “Cape Town Convention” means the Cape Town Convention on International
Interests in Mobile Equipment and the Cape Town Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment prepared under the joint auspices of the International Institute for the Unification
of Private Law and the International Civil Aviation Organization. 
 “Capital Lease”, as applied to any Person,
means any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is required to be accounted for as a lease on the balance sheet of that Person, and the amount of Indebtedness represented by
such lease shall be the capitalized amount of the obligations evidenced thereby determined in accordance with GAAP. 

“Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents
(however designated, whether voting or non-voting) of such Person’s capital stock, or corresponding equity rights in any partnership, limited liability company or other entity, whether now outstanding or issued after the date of this Agreement,
including, without limitation, all Common Stock. 
 “Cash Equivalents” means, as of the date acquired,
purchased or made, as applicable, (i) marketable securities or other obligations (a) issued or directly and unconditionally guaranteed as to interest and principal by the United States government or (b) issued or unconditionally
guaranteed as to interest and principal by any agency or instrumentality of the United States the obligations of which are backed by the full faith and credit of the United States, in each case maturing within three years after such date;
(ii) direct obligations issued by any state of the United States of America or any political subdivision of any such state or any instrumentality thereof, in each case maturing within three years after such date and having, at the time of the
acquisition thereof, a rating of at least A- (or the equivalent thereof) from S&P or A3 (or the equivalent thereof) from Moody’s; (iii) obligations of domestic or foreign companies and their subsidiaries (including, without limitation,
agencies, sponsored enterprises or instrumentalities chartered by an Act of Congress, which are not backed by the full faith and credit of the United States), including, without limitation, bills, notes, bonds, debentures, and mortgage-backed
securities; provided that, in each case, the security has a maturity or weighted average life of three years or less from such date; (iv) investments in commercial paper maturing no more than one year after such date and having, on such date, a
rating of at least A-2 from S&P or at least P-2 from Moody’s; (v) certificates of deposit (including investments made through an intermediary, such as the certificated deposit account registry service), bankers’ acceptances, time
deposits, Eurodollar time deposits and overnight bank deposits maturing within three years from such date and issued or guaranteed by or placed with, and any money market deposit accounts issued or offered by, any Lender or by any commercial bank
organized under the laws of the United States of America or any state thereof or the District of Columbia that has a combined capital and surplus and undivided profits of not less than $250,000,000; (vi) fully collateralized repurchase
agreements with counterparties whose long term debt is rated not less than A- by S&P and A3 by Moody’s and with a term of not more than six months from such date; (vii) Investments in money in an investment company registered under the
Investment Company Act of 1940, as amended, or in pooled accounts or funds offered through mutual funds, investment advisors, banks and brokerage houses which invest its assets in obligations of the type described in clauses (i) through
(vi) above, in each case, as of such date, including, but not be limited to, money market funds or short-term and intermediate bonds funds; (viii) shares of any money market mutual fund that, as of such date, (a) complies with
the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended and (b) is rated AAA (or the equivalent thereof) by S&P and Aaa (or the equivalent thereof) by Moody’s; (ix) auction rate preferred
securities that, as of such date, have the highest rating obtainable from either S&P or Moody’s and with a maximum reset date at least every 30 days; (x) investments made pursuant to the Investment Guidelines; (xi) deposits
available for withdrawal on demand with commercial banks organized in the 

  
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United States having capital and surplus in excess of $100.0 million; (xii) securities with maturities of three years or less from such date issued or fully guaranteed by any state,
commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political
subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A2 by Moody’s; and (xiii) any other securities or pools of securities that are classified under GAAP as cash equivalents or
short-term investments on a balance sheet as of such date; provided that, on such date, an amount equal to the Minimum Control Cash Amount required to be maintained pursuant to Section 6.3(a) is maintained in cash and/or investments
described in clauses (i), (ii), (iv), (v), (viii) or (ix) above. 
 “Cash Liquidity” means, at any
time, the aggregate amount of Unrestricted Cash of the Obligors at such time; provided that “Unrestricted Cash” for purposes of this definition shall exclude an amount equal to 50% of the value of all Unrestricted Cash held in
deposit accounts and securities accounts referred to in Section 6.3(a) at such time. 
 “Cash Proceeds”
means, with respect to any Asset Disposition, the cash or Cash Equivalents proceeds of such Asset Disposition, including payments of deferred payment obligations (to the extent corresponding to the principal, but not the interest component thereof)
when received in the form of cash or Cash Equivalents and proceeds from the conversion of other property received when converted to cash or Cash Equivalent. 
 “CFC” means a “controlled foreign corporation” under Section 957 of the Internal Revenue Code. 
 “Change of Control” means: 
 (a) at any time prior
to the consummation of a Permitted Holder Acquisition: the acquisition after the Closing Date of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the
rules of the SEC thereunder as in effect on the date hereof) of more than 50% of the Voting Stock of Holdings, other than pursuant to a Permitted Holder Acquisition; 

(b) if a Permitted Holder Acquisition has been consummated, at any time after the consummation thereof, the acquisition of
or subsistence of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof) of more than 50%
of the Voting Stock of the Permitted Holder; or 
 (c) Holdings at any time owning, directly or indirectly,
beneficially and of record, less than 100% of the Capital Stock of the Borrower without prejudice to the right, to the extent otherwise permitted in this Agreement, of the Borrower to merge with or consolidate into Holdings or a Permitted Holder or
a wholly-owned Subsidiary of Holdings or a Permitted Holder, provided that Holdings or the Permitted Holder or such wholly-owned Subsidiary of Holdings or the Permitted Holder, as the case may be, shall be the surviving entity; 

“Class”, when used in reference to (a) any Loans or Borrowing, refers to whether such Loans, or the Loans
comprising such Borrowing, are Tranche B1 Term Loans, Tranche B2 Term Loans, Incremental Term Loans or Extended Term Loans (or, as applicable, any tranche thereof), (b) any Commitment, refers to whether such Commitment is a Tranche B1 Term
Commitment, Tranche B2 Term Commitment, Incremental Term Commitment or Extended Term Commitment, and (c) any Lender, refers to whether such Lender has a Loan that is a Tranche B1 Term Loan, Tranche B2 Term Loan, Incremental

  
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Term Loan or Extended Term Loan or a Commitment that is a Tranche B1 Term Commitment, Tranche B2 Term Commitment, Incremental Term Commitment or Extended Term Commitment. Incremental Term
Commitments, Incremental Term Loans, Extended Term Commitments and Extended Term Loans that have different terms and conditions shall be construed to be in different Classes. 
 “Closing Date” means the date on which the Administrative Agent notifies the Borrower that the conditions precedent to the initial Borrowing set forth in Article III have been satisfied
(or waived in accordance with Section 9.1). 
 “Co-Branded Card Agreement” means that certain America West
Co-Branded Card Agreement dated as of January 25, 2005, between US Airways Group, Inc. (as successor in interest to America West Airlines, Inc.) and Barclays Bank Delaware (as successor in interest to Juniper Bank), as amended, restated,
supplemented or otherwise modified, including pursuant to that certain Assignment and First Amendment to the America West Co-Branded Card Agreement, dated as of August 8, 2005, among US Airways Group, Inc., America West Airlines, Inc. and
Barclays Bank Delaware (as successor in interest to Juniper Bank). 
 “Collateral” means all of the properties
and assets that are (or are purported to be) from time to time subject to the Liens granted to the Administrative Agent pursuant to the Collateral Documents as security for the Obligations. 

“Collateral Account” means a deposit account or securities account in the name of the Borrower with banks or financial
institutions with which they and the Administrative Agent have entered into Control Agreements in form and substance reasonably satisfactory to the Administrative Agent and under the sole control (as defined in the applicable UCC) of the
Administrative Agent for the deposit of Collateral consisting of cash and Cash Equivalents from the Obligors deposited in such account pursuant to the Loan Documents and (a) in the case of a deposit account, from which the Borrower may not make
withdrawals except as permitted by the Administrative Agent and (b) in the case of a securities account, with respect to which the Administrative Agent shall be the entitlement holder and the only Person authorized to give entitlement orders
with respect thereto. 
 “Collateral Coverage Failure” means either, (i) a Collateral Coverage Ratio
Failure or (ii) a Core Collateral Failure. 
 “Collateral Coverage Ratio” means, as of any date of
determination, the ratio expressed as a percentage of (a) the Collateral Value at such time to (b) the aggregate outstanding principal amount of the Secured Obligations as of such date. 

“Collateral Coverage Ratio Failure” means, as of any date of determination, the failure of the Collateral Coverage Ratio
as of such date to be at least equal to the Minimum Collateral Coverage Ratio. 
 “Collateral Documents” means,
collectively, (i) an Aircraft Mortgage; (ii) a Spare Parts Mortgage; (iii) an SGR Security Agreement; (iv) a Security Agreement; (v) an LHR UK Security Agreement; (vi) any Mortgages; (vii) any security agreements,
pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other grants or transfers for security executed and delivered by any Grantor creating (or purporting to create) a Lien upon any
assets of any Obligor in favor of the Administrative Agent for the benefit of the Secured Parties; (viii) each other certificate, agreement, amendment or document executed and delivered by any Obligor pursuant to any of the foregoing
agreements, and any Control Agreement, certificate, agreement or document delivered pursuant hereto or to the terms of Section 5.8; and (ix) any consents of lessors of any 

  
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of the Collateral to the pledge of such Collateral pursuant to the agreements or documents listed in (i) through (viii) above. 

“Collateral Value” means, as of any date of determination, the sum of (a) the Appraised Value of all Eligible
Appraised Collateral, as stated in the then most recently delivered Collateral Value Certificate (after giving effect to any Dispositions, casualties or other releases of such Collateral occurring after the date of such Appraisal Report),
(b) 85% of the Eligible Accounts as of such date, (c) Unrestricted Cash of the Obligors as of the Business Day immediately prior to such date of determination in an amount up to 50% of the Minimum Control Cash Amount at such time and
(d) 100% of Unrestricted Cash on deposit in the Collateral Account as of such date; provided that Ineligible Collateral shall not be included in the computation of Collateral Value. 

“Collateral Value Certificate” means a certificate executed by a Responsible Officer of the Borrower in substantially
the form of Exhibit H annexed hereto. 
 “Collection Account” means that certain account of the
Administrative Agent, account number 36852248 in the name of the Administrative Agent at Citibank, N.A. in New York, New York, ABA No. 021000089, Account Name: Medium Term Finance, Ref: U.S. Airways, or such other account as may be specified in
writing by the Administrative Agent as the “Collection Account.” 
 “Commitment” means, with respect
to each Lender, the commitment of such Lender to make to the Borrower (a) Tranche B1 Term Loans, which commitment is in the amount set forth opposite such Lender’s name on Schedule I under the caption “Tranche B1 Term Commitment”
(the “Tranche B1 Term Commitment”) and (b) Tranche B2 Term Loans, which commitment is in the amount set forth opposite such Lender’s name on Schedule I under the caption “Tranche B2 Term Commitment” (the
“Tranche B2 Term Commitment”), in each case as amended to reflect each Assignment and Acceptance executed by such Lender and as such amount may be reduced pursuant to this Agreement. On the date hereof, the aggregate amount of the
Tranche B1 Term Commitments equals $1,000,000,000, the aggregate amount of the Tranche B2 Term Commitments equals $600,000,000 and the aggregate amount of the Commitments equals $1,600,000,000. 

“Commodity Agreement” means any agreement or arrangement the value of which fluctuates based on the value of a
commodity. 
 “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. 
 “Common Stock” means, with respect to any Person, any and all
shares, interests, participations or other equivalents (however designated, whether voting or non-voting) of such Person’s common stock, whether now outstanding or issued after the date of this Agreement, including, without limitation, all
series and classes of such common stock. 
 “Communications” has the meaning specified in Section 9.7(b).

 “Commuter Slots” means the Slots allocated by the FAA as commuter slots under Title 14 of the United States
Code of Federal Regulations, Part 93, Subparts K and S (as amended from time to time by regulation, order or statute, or any successor or recodified regulation, order or statute imposing any operating limitations at the applicable airport).

 “Consolidated EBITDAR” means, with respect to any specified Person for any period, the Consolidated Net
Income of such Person for such period plus, without duplication: 

  
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 (a) an amount equal to any extraordinary loss plus any net loss
realized by such Person or any of its Restricted Subsidiaries in connection with any Disposition of assets, to the extent such losses were deducted in computing such Consolidated Net Income; plus 

(b) provision for taxes based on income or profits of such Person and its Restricted Subsidiaries, to the extent that such
provision for taxes was deducted in computing such Consolidated Net Income; plus 
 (c) the Fixed Charges
of such Person and its Restricted Subsidiaries, to the extent that such Fixed Charges were deducted in computing such Consolidated Net Income; plus 
 (d) any foreign currency translation losses (including losses related to currency remeasurements of Indebtedness) of such Person and its Restricted Subsidiaries for such period, to the extent that such
losses were deducted in computing such Consolidated Net Income; plus 
 (e) depreciation, amortization
(including amortization of intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and other non-cash charges and expenses (excluding any such non-cash charge or expense to the extent that it represents an
accrual of or reserve for cash charges or expenses in any future period or amortization of a prepaid cash charge or expense that was paid in a prior period) of such Person and its Restricted Subsidiaries to the extent that such depreciation,
amortization and other non-cash charges or expenses were deducted in computing such Consolidated Net Income; plus 
 (f) the amortization of debt discount to the extent that such amortization was deducted in computing such Consolidated Net Income; plus 

(g) deductions for grants to any employee of Holdings or its Restricted Subsidiaries of any Equity Interests during such
period to the extent deducted in computing such Consolidated Net Income; plus 
 (h) any net loss arising
from the sale, exchange or other disposition of capital assets by Holdings or its Restricted Subsidiaries (including any fixed assets, whether tangible or intangible, all inventory sold in conjunction with the disposition of fixed assets and all
securities) to the extent such loss was deducted in computing such Consolidated Net Income; plus 
 (i)
any losses arising under fuel hedging arrangements entered into prior to the Closing Date and any losses actually realized under fuel hedging arrangements entered into after the Closing Date, in each case to the extent deducted in computing such
Consolidated Net Income; plus 
 (j) proceeds from business interruption insurance for such period, to the
extent not already included in computing such Consolidated Net Income; plus 
 (k) any expenses and
charges that are covered by indemnification or reimbursement provisions in connection with any permitted acquisition, merger (including the Merger, any Airline Merger or any Airline/Parent Merger), disposition, incurrence of Indebtedness, issuance
of Equity Interests or any investment to the extent (a) actually indemnified or reimbursed and (b) deducted in computing such Consolidated Net Income; plus 

(l) non-cash items, other than the accrual of revenue in the Ordinary Course of Business, to the extent such amount
increased such Consolidated Net Income; minus 

  
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 (m) the sum of (i) income tax credits and (ii) interest income
included in computing such Consolidated Net Income, 
 in each case, determined on a consolidated basis in accordance with GAAP. 

“Consolidated Net Income” means, with respect to any specified Person for any period, the aggregate of the net income
(or loss) of such Person and its Restricted Subsidiaries for such period, on a consolidated basis (excluding the net income (or loss) of any Unrestricted Subsidiary of such Person), determined in accordance with GAAP and without any reduction in
respect of preferred stock dividends; provided, that: 
 (a) all (i) extraordinary, nonrecurring,
special or unusual gains and losses or income or expenses, including, without limitation, any expenses related to a facilities closing and any reconstruction, recommissioning or reconfiguration of fixed assets for alternate uses; any severance or
relocation expenses; executive recruiting costs; restructuring or reorganization costs (whether incurred before or after the effective date of any applicable reorganization plan, including, following the Merger, AMR’s reorganization plan);
curtailments or modifications to pension and post-retirement employee benefit plans; (ii) any expenses (including, without limitation, transaction costs, integration or transition costs, financial advisory fees, accounting fees, legal fees and
other similar advisory and consulting fees and related out-of-pocket expenses) cost-savings, costs or charges incurred in connection with any issuance of securities (including the notes), Investments permitted by Section 6.2 hereof,
acquisition, disposition, recapitalization or incurrence or repayment of Indebtedness permitted under the Loan Documents, including a refinancing thereof (in each case, whether or not successful) (including, but not limited to, any one or more of
the Merger, any Airlines Merger and any Airline/Parent Merger); and (iii) gains and losses realized in connection with any sale of assets, the disposition of securities, the early extinguishment of Indebtedness, together with any related
provision for taxes on any such gain, will be excluded; 
 (b) the net income (but not loss) of any Person that
is not the specified Person or a Restricted Subsidiary or that is accounted for by the equity method of accounting will be included for such period only to the extent of the amount of dividends or similar distributions paid in cash to the specified
Person or a Restricted Subsidiary of the specified Person; 
 (c) the net income (but not loss) of any Restricted
Subsidiary will be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that net income is not at the date of determination permitted without any prior governmental approval
(that has not been obtained) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its
stockholders; 
 (d) the cumulative effect of a change in accounting principles on such Person will be excluded;

 (e) the effect of non-cash gains and losses of such Person resulting from Hedging Obligations, including
attributable to movement in the mark-to-market valuation of Hedging Obligations pursuant to Financial Accounting Standards Board Accounting Standards Codification 815—Derivatives and Hedging will be excluded; 

  
 11 

 (f) any non-cash compensation expense recorded from grants by such Person of
stock appreciation or similar rights, stock options or other rights to officers, directors or employees, will be excluded; 
 (g) the effect on such Person of any non-cash items resulting from any write-up, writedown or write-off of assets (including intangible assets, goodwill and deferred financing costs) in connection with
any acquisition, disposition, merger, consolidation or similar transaction (including but not limited to any one or more of the Merger, any Airlines Merger and any Airline/Parent Merger) or any other non-cash impairment charges incurred subsequent
to the Closing Date resulting from the application of Financial Accounting Standards Board Accounting Standards Codifications 205—Presentation of Financial Statements, 350—Intangibles—Goodwill and Other, 360—Property, Plant and
Equipment and 805—Business Combinations (excluding any such non-cash item to the extent that it represents an accrual of or reserve for cash expenditures in any future period except to the extent such item is subsequently reversed), will be
excluded; and 
 (h) any provision for income tax reflected on such Person’s financial statements for such
period will be excluded to the extent such provision exceeds the actual amount of taxes paid in cash during such period by such Person and its consolidated Subsidiaries. 
 “Continuation”, “Continue” and “Continued” each refers to a continuation of LIBOR Loans from one LIBOR Period to the next LIBOR Period pursuant to
Section 2.7(d). 
 “Contractual Obligation” means, as applied to any Person, any provision of any equity
security issued by that Person or of any indenture, mortgage, deed of trust, contract, lease, license, 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 Agreement” has the meaning specified in Section 6.3(a).

 “Convert”, “Conversion” and “Converted” each refers to a conversion of
Loans of one Type into Loans of the other Type pursuant to Section 2.7(d). 
 “Convertible
Indebtedness” means Indebtedness of Holdings or any of its Restricted Subsidiaries (which may be Guaranteed by any Restricted Subsdiary) that is (1) either (a) convertible into Capital Stock of Holdings (and cash in lieu of
fractional shares) and/or cash (in an amount determined by reference to the price of such common stock) or (b) sold as units with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are
exercisable for Capital Stock of Holdings and/or cash (in an amount determined by reference to the price of such Capital Stock) and (2) subordinated to the Loans and all other Obligations on terms customary at the time for convertible
subordinated debt securities. 
 “Core Collateral” means any one of the following categories of assets, in each
case, for which Appraisals have been obtained and as shall be acceptable to the Administrative Agent in its reasonable discretion: 
 (A) prior to the Merger, Spare Parts owned by US Airways, Inc. that are sufficient to maintain the operations of US Airways, Inc.’s Airbus fleet as such fleet existed as of the Closing Date,

 (B) as of any date of determination following the Merger, if the spare parts tracking systems of the Borrower and AAI have
been combined, Spare Parts of a type that are sufficient to 

  
 12 

 
maintain the operations of the Obligors’ fleet of one or more models of narrowbody or widebody aircraft that represent at least 30% of the aggregate number of either narrowbody or widebody
aircraft in the fleet of the Obligors as of such date, 
 (C) the number of DCA Slots constituting Collateral equal to the sum
of (x) the product of (I) 80% and (II) the total number of DCA Slots that are Commuter Slots that constituted Collateral on the Closing Date less the number of such DCA Slots required to be divested by any Governmental Authority as a
result of the Merger and (y) the product of (I) 80% and (II) the total number of DCA Slots that are Mainline Slots that constituted Collateral on the Closing Date, less the number of such DCA Slots that the Borrower sold or otherwise
disposed of on the date of the consummation of the Merger, or agreed on or prior to such date to sell or otherwise dispose; 

(D) as of any date of determination following the Merger, any Collateral consisting of the number of Slots of the Obligors at LGA equal
to the product of (I) 80% and (II) the total number of Slots of the Obligors at LGA as of the date of the Merger, less the number of such Slots that the Borrower sold or otherwise disposed of on the date of the consummation of the Merger, or
agreed on or prior to such date to sell or otherwise dispose; 
 (E) as of any date of determination following the Merger, any
Collateral consisting of the number of Slots of the Obligors at JFK equal to the product of (I) 80% and (II) the total number of Slots of the Obligors at JFK as of the date of the Merger, less the number of such Slots that the Borrower sold or
otherwise disposed of on the date of the consummation of the Merger, or agreed on or prior to such date to sell or otherwise dispose; 
 (F) as of any date of determination following the Merger, any Collateral consisting of (1) the number of Slots of the Obligors equal to the product of (I) 90% and (II) the total number of Slots
of the Obligors used in the operations of the Obligors in Asia and (2) all of the Routes of the Obligors used in the operations of the Obligors in Asia, in each case, as of such date of determination; provided that the Appraised Value of
such Slots and Routes represents at least 12.5% of the Collateral Value required to ensure that a Collateral Coverage Ratio Failure does not occur as of such date (assuming for the purposes of such calculation that the Collateral Coverage Ratio on
such date is equal to the Minimum Collateral Coverage Ratio); 
 (G) as of any date of determination following the Merger, any
Collateral consisting of (1) the number of Slots of the Obligors equal to the product of (I) 90% and (II) the total number of Slots of the Obligors used in the operations of the Obligors in South America and (2) all of the Routes of
the Obligors used in the operations of the Obligors in South America, in each case, as of such date of determination; provided that the Appraised Value of such Slots and Routes represents at least 12.5% of the Collateral Value required to
ensure that a Collateral Coverage Ratio Failure does not occur as of such date (assuming for the purposes of such calculation that the Collateral Coverage Ratio on such date is equal to the Minimum Collateral Coverage Ratio); 

(H) as of any date of determination following the Merger, any Collateral consisting of (1) the number of Slots of the Obligors equal
to the product of (I) 90% and (II) the total number of Slots of the Obligors used in the operations of the Obligors in Central America and Mexico and (2) all of the Routes of the Obligors used in the operations of the Obligors in Central
America and Mexico, in each case, as of such date of determination; provided that the Appraised Value of such Slots and Routes represents at least 12.5% of the Collateral Value required to ensure that a Collateral Coverage Ratio Failure does
not occur as of such date (assuming for the purposes of such calculation that the Collateral Coverage Ratio on such date is equal to the Minimum Collateral Coverage Ratio); 

  
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 (I) as of any date of determination following the Merger, any Collateral consisting of
(1) the number of Slots of the Obligors equal to the product of (I) 90% and (II) the total number of Slots of the Obligors used in the operations of the Obligors in Europe and (2) all of the Routes of the Obligors used in the
operations of the Obligors in Europe, in each case, as of such date of determination; provided that the Appraised Value of such Slots and Routes represents at least 12.5% of the Collateral Value required to ensure that a Collateral Coverage
Ratio Failure does not occur as of such date (assuming for the purposes of such calculation that the Collateral Coverage Ratio on such date is equal to the Minimum Collateral Coverage Ratio) ; or 

(J) as of any date of determination following the Merger, any Collateral consisting of any Airbus A320 NEO aircraft, Airbus A330
aircraft, Boeing 737 NG aircraft, Boeing 737 MAX aircraft, Boeing 777 aircraft and/or Engines, or any combination of the foregoing assets, in each case, the Appraised Value of which represents at least 20% of the aggregate Appraised Value of all
Appraised Collateral as of such date of determination; provided, that all such aircraft or Engines are of the type described in Section 1110 of the Bankruptcy Code or any analogous successor provision of the Bankruptcy Code. 

“Core Collateral Failure” means, as of any date of determination, the failure of the Collateral to include at least one
category of Core Collateral as of such date. 
 “Covenant Suspension Conditions” means, at any time prior to
the Merger, that Cash Liquidity is greater than or equal to $1,100,000,000. 
 “Covenant Suspension Period”
means any period (i) beginning on the first Business Day on which the Covenant Suspension Conditions have been satisfied and (ii) ending on the first Business Day on which any of the applicable Covenant Suspension Conditions are no longer
satisfied. 
 “Credit Card” means any agreement or plan relating to a credit card, debit card, charge card,
purchasing card or other similar system, including but not limited to the American Express Card, Diners Club, MasterCard, Visa Card, Carte Blanche and Discover Card. 
 “Credit Card Receivables” means any right to payment in Dollars (including, but not limited to, rights to payment for goods, services, insurance, fees, taxes, prepayment penalties and
finance charges) from (i) any issuer of a Credit Card arising from goods or services provided or to be provided by an Obligor or (ii) to the extent that the right to such payment described in clause (i) has been transferred in whole
or part to First Data Services, LLC (“First Data”), Bank of America, N.A. (“BOA”) or any other settlement and/or processing system, or, alternatively, to the extent First Data, BOA or any other settlement and/or
processing system has received any collections with respect to such right of payment, any right to payment from First Data, BOA or any other settlement and/or processing system arising from the transfer to or by First Data, BOA or any other
settlement and/or processing system of such claims against an issuer of a Credit Card. 
 “Credit Rating”
means, as of any date, the credit rating by Fitch, Moody’s or S&P, as the case may be, for the Term Facility. 

“Currency Agreement” means any foreign exchange contract, currency swap agreement, futures contract, option contract,
synthetic cap or other similar agreement or arrangement. 
 “DCA” means Ronald Reagan Washington National
Airport. 
 “DCA Slots” means Slots owned by US Airways, Inc. at DCA. 

  
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 “Debtor Relief Laws” means the Bankruptcy 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. 
 “Default” means any condition or event which with
the required passing of time or the giving of any required notice or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means a Lender that has become, or has had its Parent Company become, the subject of a Bankruptcy Event. 

“Desk-top Spare Parts Appraisal Methodology” means, in determining an opinion as to the current market value of Eligible
Spare Parts, including but not limited to taking at least the following actions: (i) reviewing the most recent Appraisal Report; (ii) reviewing the Appraiser’s internal value database for values applicable to Spare Parts;
(iii) developing a representative sampling of a reasonable number of the different Spare Parts for which a market check will be conducted; (iv) checking other sources, such as manufacturers, other airlines, U.S. government procurement data
and airline parts pooling price lists, for orderly liquidation prices of the sample Spare Parts referred to in clause (iii); (v) conducting a limited review of the inventory reporting system applicable to the Spare Parts, including checking
information reported in such system against information determined through physical inspection; and (vi) reviewing a sampling of the Spare Parts’ serviceability tags, books and records (including tear-down reports). 

“Dilution” means, for any period, the ratio (defined as a percentage) of (a) the aggregate amount of all non-cash
credits and other offsets against the Obligors’ Accounts, to (b) the aggregate amount of the Obligors’ sales, in each case for such period. 
 “Disposition” means, with respect to any property, any sale, lease, sale and leaseback, conveyance, transfer or other disposition thereof. The terms “Dispose” and “Disposed
of” shall have correlative meanings. 
 “Dollars” and the sign “$” each mean the lawful
money of the United States of America. 
 “Eligible Accounts” means, as of any date of determination, all
Accounts constituting Collateral shown on the consolidated balance sheet of the Borrower (or following the Merger, if the Borrower so elects, Holdings) as of the end of the then most recently ended fiscal quarter, net of, without duplication, all
reserves against such Accounts and all Accounts owed by another Obligor (other than Accounts owed by an AMR Obligor representing Accounts sold or originated by the Borrower with respect to travel services to be provided by the Borrower), and except,
without duplication, any Account of the Obligors, in each case, as of such date: 
 (a) that does not arise from
the air transportation of passengers, freight and cargo or the sale of goods or performance of services by the Obligors in the Ordinary Course of Business; 
 (b) (i) upon which any Obligor’s right to receive payment is not absolute or is contingent upon the fulfillment of any condition whatsoever or (ii) as to which any Obligor is not able to bring
suit or otherwise enforce its remedies against the Account Debtor through judicial process, or (iii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under
which the Account Debtor’s obligation to pay that invoice is subject to any Obligor’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer; provided, that clauses
(i)

  
 15 

 
and (iii) above shall not apply to receivables in respect of the transportation of passengers in the Ordinary Course of Business; 

(c) to the extent that any defense, counterclaim, setoff or dispute is asserted as to such Account; 

(d) that is not a true and correct statement of bona fide indebtedness incurred in the amount of the Account for goods and
services sold to or services rendered, or to be rendered with respect to receivables in respect of the transportation of passengers, and goods accepted by the applicable Account Debtor; 

(e) with respect to which an invoice, reasonably acceptable to the Administrative Agent in form and substance (it being
understood that the form of invoice customarily used by the applicable Obligor on the Closing Date shall be deemed to be satisfactory to the Administrative Agent), has not been sent to the applicable Account Debtor; 

(f) that is owed by any director, officer, other employee or Affiliate of any Obligor; 

(g) that is the obligation of an Account Debtor that is the United States government or a political subdivision thereof,
or any state, county or municipality or department, agency or instrumentality thereof unless the Obligor, if necessary or desirable, has complied with respect to such obligation with the Federal Assignment of Claims Act of 1940, or any applicable
state, county or municipal law restricting the assignment thereof with respect to such obligation and such assignment has been accepted and acknowledged by the appropriate governmental officers; 

(h) that is the obligation of an Account Debtor located in a foreign country other than Canada unless payment thereof is
assured by a letter of credit assigned and delivered to the Administrative Agent, satisfactory to the Administrative Agent as to form, amount and issuer; 
 (i) with respect to receivables in respect of the transportation of passengers, to the extent any Obligor owed the applicable Account Debtor for services sold or rendered by such Account Debtor to such
Obligor but only to the extent of the potential offset, including, without limitation under code share arrangements, interline agreements or other agreements between airlines in which tickets may be purchased on one airline and honored by another
airline; 
 (j) that is in default and such default is reasonably likely to result in such Account Debtor’s
failure to make payment with respect to such Account; provided, that, without limiting the generality of the foregoing, an Account shall be deemed in default upon the occurrence of any of the following: (i) the Account is not paid within
ninety (90) days following its original invoice date (and in determining the aggregate amount from the same Account Debtor that is unpaid hereunder there shall be excluded the amount of any notes receivable held by an Account Debtor which are
unpaid more than 90 days after the due date for payment), (ii) the Account Debtor obligated upon such Account suspends business, makes a general assignment for the benefit of creditors or fails to pay its debts generally as they come due or
(iii) a petition is filed by or against any Account Debtor obligated upon such Account under any bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the
relief of debtors; 
 (k) that is the obligation of an Account Debtor if fifty percent (50%) or more of the
Dollar amount of all Accounts owing by that Account Debtor are ineligible under the other criteria set forth in clause (j) above; 

  
 16 

 (l) as to which the Lien of the Administrative Agent for the benefit of the
Secured Parties is not a first priority perfected Lien; 
 (m) as to which any of the representations or
warranties in the Loan Documents with respect to such specific Account are untrue; 
 (n) to the extent such
Account is evidenced by a judgment, instrument or chattel paper; 
 (o) except with respect to Credit Card
Receivables, to the extent that such Account, together with all other Accounts owing by such Account Debtor and its Affiliates exceed 10% of all Eligible Accounts; 

(p) that is payable in any currency other than Dollars; 

(q) that arises from interline activity including services and billings performed between airlines (but excluding the
transportation of passengers) and the payment of which is handled through third party domestic or foreign clearing houses; or 
 (r) which Obligor has not been subject to a field examination; 
 provided, however,
that to the extent that Dilution exceeds 5%, the Eligible Accounts as of such date shall be reduced by the amount of such excess multiplied by the aggregate of all Accounts of the Obligors. 

“Eligible Aircraft” means all of the Aircraft owned by the Obligors constituting Collateral and reflected in the most
recent Collateral Value Certificate delivered by the Borrower to the Administrative Agent, except any Aircraft that constitutes Ineligible Collateral. 
 “Eligible Appraised Collateral” means Appraised Collateral consisting of Eligible Spare Engines, Eligible Spare Parts, Eligible Ground Service Equipment, Eligible Flight Simulators,
Eligible Real Estate, Eligible Slots, Eligible Routes, Eligible Aircraft and any other Appraised Collateral that constitutes Collateral, in each case, other than Ineligible Collateral. 

“Eligible Collateral” means Eligible Accounts and Eligible Appraised Collateral. 

“Eligible Flight Simulators” means all of the Flight Simulators owned by the Obligors constituting Collateral and
reflected in the most recent Collateral Value Certificate delivered by the Borrower to the Administrative Agent, except any Flight Simulators that constitute Ineligible Collateral. 

“Eligible Ground Service Equipment” means all Ground Service Equipment owned by the Obligors constituting Collateral and
reflected in the most recent Collateral Value Certificate delivered by the Borrower to the Administrative Agent, except any Ground Service Equipment that constitutes Ineligible Collateral. 

“Eligible Leased Real Estate” means, as of any date of determination, any parcel of Real Estate in the United States
leased by the Obligors constituting Collateral as to which each of the following conditions has been satisfied as of such date: 
 (a) a valid and enforceable first priority Lien on such leasehold interest (subject only to Permitted Encumbrances and other Liens approved by the Administrative Agent) shall have been granted by the
applicable Obligor in favor of the Administrative Agent for the benefit of the 

  
 17 

 
Secured Parties pursuant to a Mortgage; provided that this clause (a) shall not apply to any leasehold interest that requires any lessor consent listed on Schedule 5.19 prior to the
execution or filing of any such Mortgage until the earlier of (x) the receipt of such consent or (y) the ninetieth day following the Closing Date. 
 (b) except as otherwise permitted by the Administrative Agent, the Administrative Agent and, where applicable, the relevant title insurance company shall have received in form and substance reasonably
satisfactory to the Administrative Agent all Mortgage Supporting Documents in respect of such leasehold interest if such leasehold interest is subject to a Mortgage; 

(c) the Administrative Agent shall have received an appraisal conforming to FIRREA with respect to such leasehold interest
in form and substance reasonably satisfactory to the Administrative Agent and performed by an appraiser that is reasonably satisfactory to the Administrative Agent; 

(d) no casualty shall have occurred materially affecting the use, operation or value of such leasehold interest if such
casualty has not been restored or repaired in accordance with the Mortgage, if any, encumbering such leasehold interest; 
 (e) no condemnation or taking by eminent domain shall have occurred nor shall any written notice of any pending or threatened condemnation or other similar proceeding against such parcel of Real Estate
have been delivered to the lessee or, to the knowledge of the lessee, the owner of such parcel of Real Estate that would materially affect the use, operation or value of such parcel of Real Estate; 

(f) no default shall exist beyond any notice and cure period under the relevant Mortgage, if any, encumbering such
leasehold interest; 
 (g) each written sublease, license or other use or occupancy agreement now or hereafter
affecting all or any portion of the leasehold interest shall, by its express terms, be subject and subordinate to the relevant Mortgage, if any; 
 (h) each lease, license, or other use or occupancy agreement between an Obligor, as sublessor, and any Affiliate thereof, as sublessee, now or hereafter affecting all or any portion of such leasehold
interest shall be subject and subordinate to the relevant Mortgage, if any, or shall be terminable (without fee) on 60 days’ prior written notice by the sublessor of such leasehold interest; 

(i) an environmental assessment report has been completed and delivered to the Administrative Agent in form and substance
reasonably satisfactory to the Administrative Agent and which does not indicate any pending, threatened or existing Environmental Claim or noncompliance with, or liability under, any Environmental Law (except if a reserve satisfactory to the
Administrative Agent has been established with respect thereto); and 
 (j) the applicable Obligor shall not be
in default beyond any notice and grace period with the terms of any such lease, license, or other use or occupancy agreement between such Obligor and the applicable landlord. 
 “Eligible Lender” means (a) a Lender or an Affiliate or Approved Fund of any Lender; (b) a commercial bank having total assets whose Dollar equivalent exceeds $5,000,000,000,
(c) a finance 

  
 18 

 
company, insurance company or any other financial institution or fund, in each case reasonably acceptable to the Administrative Agent and regularly engaged in making, purchasing or investing in
loans and having a net worth, determined in accordance with GAAP, whose Dollar equivalent exceeds $250,000,000 (or, to the extent net worth is less than such amount, a finance company, insurance company, other financial institution or fund,
reasonably acceptable to the Administrative Agent and the Borrower) and whose becoming an assignee would not constitute a prohibited transaction under Section 4975 of the Code or Section 406 of ERISA or (d) a savings and loan
association or savings bank organized under the laws of the United States or any State thereof having a net worth, determined in accordance with GAAP, whose Dollar equivalent exceeds $250,000,000; provided, however, that so long as no
Event of Default has occurred and is continuing, no (i) airline, commercial air freight carrier, air freight forwarder or entity engaged in the business of parcel transport by air or (ii) Affiliate of any Person described in clause
(i) above (other than any Affiliate of such Person as a result of common control by a Governmental Authority or instrumentality thereof, any Affiliate of such Person who becomes a Lender with the prior written consent of the Borrower, and any
Affiliate of such Person under common control with such Person which Affiliate is not actively involved in the management and/or operations of such Person), shall constitute an Eligible Lender. 

“Eligible Owned Real Estate” means, as of any date of determination, any parcel of Real Estate in the United States
owned in fee simple by the Obligors constituting Collateral as to which each of the following conditions has been satisfied as of such date: 
 (a) a valid and enforceable first priority Lien on such parcel of Real Estate (subject only to Permitted Encumbrances and other Liens approved by the Administrative Agent) shall have been granted by the
applicable Obligor in favor of the Administrative Agent for the benefit of the Secured Parties pursuant to a Mortgage; 
 (b) except as otherwise permitted by the Administrative Agent, the Administrative Agent and, where applicable, the relevant title insurance company shall have received in form and substance reasonably
satisfactory to the Administrative Agent all Mortgage Supporting Documents in respect of such parcel of Real Estate; 
 (c) the Administrative Agent shall have received an appraisal conforming to FIRREA with respect to such parcel of Real Estate in form and substance reasonably satisfactory to the Administrative Agent and
performed by an appraiser that is reasonably satisfactory to the Administrative Agent; 
 (d) no casualty shall
have occurred materially affecting the use, operation or value of such parcel of Real Estate if such casualty has not been restored or repaired in accordance with the Mortgage encumbering such parcel of Real Estate; 

(e) no condemnation or taking by eminent domain shall have occurred nor shall any notice of any pending or threatened
condemnation or other similar proceeding against such parcel of Real Estate have been delivered to the owner of such parcel of Real Estate that would materially affect the use, operation or value of such parcel of Real Estate; 

(f) no default shall exist beyond any notice and cure period under the relevant Mortgage encumbering such parcel of Real
Estate; 
 (g) each written lease, license or other use or occupancy agreement now or hereafter affecting all or
any portion of such parcel of Real Estate shall, by its express terms, be subject and subordinate to the relevant Mortgage; 

  
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 (h) each lease, license, or other use or occupancy agreement between an
Obligor, as landlord, and any Affiliate thereof, as tenant, now or hereafter affecting all or any portion of such parcel of Real Estate shall be subject and subordinate to the relevant Mortgage or shall be terminable (without fee) on 60 days’
prior written notice by the owner of such Real Estate; and 
 (i) an environmental assessment report has been
completed and delivered to the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent and which does not indicate any pending, threatened or existing Environmental Claim or noncompliance with, or liability
under, any Environmental Law (except if a reserve satisfactory to the Administrative Agent has been established with respect thereto). 
 “Eligible Real Estate” means Eligible Owned Real Estate and Eligible Leased Real Estate. 
 “Eligible Routes” means all Routes owned by the Obligors constituting Collateral and reflected in the most recent Collateral Value Certificate delivered by the Borrower to the
Administrative Agent, except any Route that constitutes Ineligible Collateral. 
 “Eligible Slots” means Slots
at DCA, JFK, LGA, London’s Heathrow airport in the United Kingdom or any other airport acceptable to the Administrative Agent in its reasonable discretion, in each case, to the extent constituting Collateral, except any such Slots that
constitute Ineligible Collateral. 
 “Eligible Spare Engines” means all of the Spare Engines owned by the
Obligors constituting Collateral and reflected in the most recent Collateral Value Certificate delivered by the Borrower to the Administrative Agent, except for any Spare Engines that constitute Ineligible Collateral. 

“Eligible Spare Parts” means all of the Spare Parts owned by the Obligors constituting Collateral and reflected in the
most recent Collateral Value Certificate delivered by the Borrower to the Administrative Agent, except for any Spare Parts that constitute Ineligible Collateral. 
 “Engines” means any aircraft engines owned by an Obligor, whether now owned or hereafter acquired. 
 “Environmental Claim” means any written notice, claim, suit, proceeding, demand or order, by any Governmental Authority or any Person arising in connection with any alleged or actual
violation of Environmental Laws or with any Hazardous Materials Activity, or any actual or alleged damage, or harm to health, safety, property or the environment resulting from any Hazardous Material Activity. 

“Environmental Laws” means any and all current or future statutes, ordinances, orders, rules, regulations, guidance
documents, judgments, governmental authorizations, or any other requirement of Governmental Authorities relating to (a) the prevention or control of pollution or protection of the environment, (b) solid, gaseous or liquid waste generation,
handling, treatment, storage, Release or transportation, or (c) exposure to Hazardous Materials. “Environmental Laws” shall include, but not be limited to, the Comprehensive Environmental Response, Compensation, and Liability Act (42
U.S.C. 9601 et seq.), the Resource Conservation and Recovery Act (42 U.S.C. 6901 et seq.), the National Environmental Policy Act (42 U.S.C. 4321 et seq.), the Hazardous Materials Transportation Act (49 U.S.C. 1801 et
seq.), the Toxic Substances Control Act (49 U.S.C. 2601 et seq.), the Clean Air Act (42 U.S.C. 7401 et seq.), the Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.), the Safe Drinking

  
 20 

 
Water Act (42 U.S.C. 3007 et seq.), the Emergency Planning and Community Right-to-Know Act (42 U.S.C. 11001 et seq.), and the Occupational Safety and Health Act (29 U.S.C. 641 et
seq.). 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire
Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor
statute. 
 “ERISA Affiliate” means, with respect to any Obligor, (i) any corporation which is, or (other
than for purposes of the first sentence of Section 4.11(a)) was at any time in the preceding six (6) years, a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which the
Obligor is a member; (ii) 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 Internal Revenue Code of which the Obligor
is a member; and (iii) any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue Code of which the Obligor, any corporation described in clause (i) above or any trade or
business described in clause (ii) above is a member. 
 “ERISA Event” means (a) any “reportable
event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan or Multiemployer Plan (other than an event for which the thirty-day notice is waived); (b) the failure by any Obligor or an ERISA
Affiliate to meet the funding requirements of Sections 412 and 430 of the Code or Sections 302 or 303 of ERISA with respect to any Pension Plan, whether or not waived; (c) the filing pursuant to Section 412(c) of the Internal Revenue Code
or Section 303(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan or Multiemployer Plan; (d) the imposition of a lien under Section 430(k) of the Code or Section 303(k) of ERISA on
any Obligor or any of its ERISA Affiliates; (e) the incurrence by any Obligor or any of its ERISA Affiliates of any liability (contingent or otherwise) under Title IV of ERISA with respect to the termination of any Plan; (f) (i) the
receipt by any Obligor or any of its ERISA Affiliates from the PBGC of a notice of determination that PBGC intends to seek termination of any Plan or Multiemployer Plan or to have a trustee appointed for any Plan or Multiemployer Plan, or
(ii) the filing by any Obligor or any of its ERISA Affiliates of a notice of intent to terminate any Plan or the treatment of any Plan amendment as a termination under Section 4041 of ERISA; (g) the incurrence by any Obligor or any of
its ERISA Affiliates of any liability (contingent or otherwise) (i) with respect to the withdrawal from any Plan pursuant to Section 4063 of ERISA, (ii) with respect to the termination of any Plan pursuant to Section 4064 of
ERISA, (iii) with respect to any facility closing pursuant to Section 4062(e) of ERISA, or (iv) the complete or partial withdrawal of any Obligor or any of its ERISA Affiliates from any Multiemployer Plan; (h) the receipt by any
Obligor or any of its ERISA Affiliates of any notice concerning the imposition of Withdrawal Liability or a determination that any Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA;
(i) the failure of any Obligor or any of its ERISA Affiliates to make when due required contributions to any Plan subject to Title IV of ERISA or any Multiemployer Plan; or (j) any other event or condition that would reasonably be expected
to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan subject to Title IV of ERISA or Multiemployer Plan or the imposition of any liability under Title IV of ERISA,
other than for PBGC premiums due but not delinquent under Section 4007 of ERISA. 
 “Event of Default” has
the meaning specified in Section 7.1. 

  
 21 

 “Excess Cash Flow” means, for any period, (i) Consolidated EBITDAR of
Holdings for such period, minus (plus) (ii) any increase (decrease) in Working Capital of Holdings from the first day of such period to the last day of such period, minus (iii) the sum of (A) payments by the Obligors of scheduled
principal and interest with respect to the consolidated Indebtedness of Holdings (but excluding Indebtedness that is solely the obligation of any Subsidiary that is not an Obligor) during such period, to the extent such payments are not prohibited
under this Agreement, (B) receipt by the Obligors of principal related to this Agreement or, without prejudice to any other provision herein, any other debt refinancing, (C) income taxes paid during such period, (D) aircraft rentals
paid during such period under Operating Leases, (E) cash used during such period for capital expenditures, (F) deposit and pre-delivery payments made in respect of Aircraft Related Equipment, and (G) an amount equal to pension or FASB
106 payments made in excess, if any, of pension or FASB 106 expenses, plus (iv) an amount equal to the excess of pension or FASB 106 expense in excess, if any, of pension or FASB 106 payments; provided that, following the Merger, for
purposes of calculating Excess Cash Flow for any period prior to the Merger, (a) Consolidated EBITDAR shall be calculated as the sum of Consolidated EBITDAR of US Airways, Group, Inc. and the Consolidated EBITDAR of AMR Corporation, in each
case, for such period, (b) Working Capital shall be calculated as the sum of the Working Capital of US Airways Group, Inc. and the Working Capital of AMR Corporation, in each case, for such period and (c) amounts described in clause
(iii) above shall be calculated as the sum of such amounts with respect to US Airways Group, Inc., the Borrower and the Guarantors, (in each case, as such terms are defined prior to giving effect to the Merger) and with respect to the AMR
Obligors, in each case, for such period. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended from time to time, and any successor statute. 
 “Excluded Contributions” means net cash proceeds
received by Holdings after the Closing Date from: (1) contributions to its common equity capital (other than from any Subsidiary); or (2) the sale (other than to a Subsidiary or to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement of Holdings or any Subsidiary) of Qualifying Equity Interests, in each case designated as Excluded Contributions pursuant to an Officer’s Certificate executed on or around the date such
capital contributions are made or the date such Capital Stock is sold, as the case may be. 
 “Excluded
Obligor” means, until the last day of the second full fiscal quarter of the Borrower following the consummation of the Merger, any Obligor that is an AMR Obligor. 
 “Excluded Subsidiaries” means (i) Airways Assurance Limited LLC, (ii) AWHQ LLC and (iii) US Airways Company Store LLC. 

“Excluded Swap Obligation” means, with respect to any Guarantor, (x) as it relates to all or a portion of the
Guarantee of such Guarantor, any Swap Obligation if, and to the extent that, such Swap Obligation (or any Guarantee thereof) is or becomes illegal 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) 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 becomes effective with respect to such Swap Obligation or (y) as it relates to all or a portion of the grant by such Guarantor of a security interest, any Swap Obligation if,
and to the extent that, such Swap Obligation (or such security interest in respect thereof) is or becomes illegal 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) 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
security interest of such Guarantor becomes 

  
 22 

 
effective with respect to such Swap Obligation. 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. 

“Existing Loan Agreements” means (i) the Loan Agreement, dated as of March 23, 2007 (as amended, restated,
supplemented or otherwise modified from time to time prior to the date hereof), by and among Holdings, its subsidiaries from time to time party thereto, the lenders from time to time party thereto and Citicorp North America, Inc., as administrative
agent and collateral agent thereunder, (ii) the Loan Agreement, dated as of April 20, 2012 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof), by and among the Borrower, the lenders from
time to time party thereto and Citicorp North America, Inc., as administrative agent and collateral agent thereunder, (iii) the Loan Agreement [Spare Parts], dated as of October 20, 2008 (as amended, restated, supplemented or otherwise
modified from time to time prior to the date hereof) by and among the Borrower, General Electric Capital Corporation and the other parties thereto and (iv) the Loan Agreement [Engines], dated as of October 20, 2008 (as amended, restated,
supplemented or otherwise modified from time to time prior to the date hereof) by and among the Borrower, General Electric Capital Corporation and the other parties thereto. 
 “Extended Term Commitments” means one or more Classes of Extended Term Commitments hereunder that result from a Permitted Amendment. 

“Extended Term Loans” means one or more Classes of Extended Term Loans that result from a Permitted Amendment.

 “FAA” means the Federal Aviation Administration, and any successor Governmental Authority. 

“FAA Slots” means all of the rights and operational authority granted under the Slot Regulations and now or hereafter
acquired or held by each Obligor to conduct one instrument flight rule landing or takeoff operation in a specified time period at DCA, JFK, LGA, or any other airport in the United States. 

“Facilities” means any and all real property now, hereafter or heretofore owned, leased, operated or used by an Obligor.

 “Fair Market Value” means, with respect to any asset subject to an Asset Disposition, the price that could
be obtained for such asset by a seller in an arm’s-length transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer. 

“FASB” means the Financial Accounting Standards Board. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, any current or future regulations issued
thereunder or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code, and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental
agreement entered into in connection with the implementation of such Sections of the Internal Revenue Code. 
 “Federal
Funds Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers,
as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day 

  
 23 

 
that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three
Federal funds brokers of recognized standing selected by it. 
 “Federal Reserve Board” means the Board of
Governors of the Federal Reserve System, or any successor thereto. 
 “Fiscal Year” means the Borrower’s
fiscal year referenced in the financial statements to be delivered by the Borrower pursuant to Section 5.1. 

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

(a) the consolidated interest expense (net of interest income) of such Person and its Restricted Subsidiaries for such
period to the extent that such interest expense is payable in cash (and such interest income is receivable in cash); plus 
 (b) the interest component of leases that are capitalized in accordance with GAAP of such Person and its Restricted Subsidiaries for such period to the extent that such interest component is related to
lease payments payable in cash; plus 
 (c) any interest expense actually paid in cash for such period by
such specified Person on Indebtedness of another Person that is guaranteed by such specified Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such specified Person or one of its Restricted Subsidiaries; plus

 (d) the product of (i) all cash dividends accrued on any series of preferred stock of such Person or any
of its Restricted Subsidiaries for such period, other than to Holdings or a Restricted Subsidiary of Holdings, times (ii) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal,
state and local statutory tax rate of such Person, expressed as a decimal, in each case, determined on a consolidated basis in accordance with GAAP; plus 
 (e) the aircraft rent expense of such Person and its Restricted Subsidiaries for such period to the extent that such aircraft rent expense is payable in cash, 

all as determined on a consolidated basis in accordance with GAAP. 
 “Flight Simulators” means the flight simulators and flight training devices of the Borrower or any other Obligor, whether now owned or hereafter acquired. 

“Foreign Slots” means all of the rights and operational authority, now held or hereafter acquired, of the Obligors to
conduct one landing or takeoff operation during a specific hour or other period at each non-U.S. airport as necessary to operate any of the Routes. 
 “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.3, generally accepted accounting principles in the United States, as in effect from time to
time as set forth in opinions and pronouncements of the Accounting Principles Board of the American Institute of 

  
 24 

 
Certified Public Accountants and statements and pronouncements of FASB approved by a significant segment of the accounting profession in the United States. 

“Gates” means all of the right, title, privilege, interest and authority of any Obligor with respect to premises used
for the purpose of holdroom seating and boarding space and related aircraft parking positions to enplane and deplane passengers at any airport or terminal in the United States or in any foreign country, at which such Obligor, or any sublessee of
such Obligor, as the case may be, conducts scheduled operations, arising under any lease, usufruct, use agreement, facility agreement or similar agreement governing the right to use that portion of the premises demised or covered by such lease,
usufruct, use agreement, facility agreement or similar agreement, whether now owned or hereafter acquired. 

“Governmental Authority” means any nation or government, any state, province or other political subdivision thereof and
any agency, department, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

 “Governmental Authorization” means any permit, license, certificate, authorization, plan, directive, consent
order or consent decree or agreement of, from or with any Governmental Authority. 
 “Ground Service Equipment”
means the ground service equipment, de-icers, ground support equipment, aircraft cleaning devices, materials handling equipment, passenger walkways and other similar equipment owned by the Borrower and the other Obligors. 

“Group” has the meaning specified in the preamble to this Agreement. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any
Indebtedness of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such first Person (i) 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 agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions
or otherwise), (ii) entered into 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), including any pledge of any
assets to secure indebtedness of another or (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of such other Person so as to enable such Person to pay such
Indebtedness. The term “Guarantee” used as a verb has a corresponding meaning. 
 “Guarantor” means,
(i) Holdings, (ii) following the Merger, Group, (iii) following the Merger, AAI, (iv) each Person other than the Borrower that is a direct or indirect Subsidiary of Holdings as of the Closing Date (other than Excluded
Subsidiaries, Immaterial Subsidiaries and Unrestricted Subsidiaries) and (v) each other Person that becomes a party to the Guaranty pursuant to Section 5.8(a), (f), (g) or (h), but excluding, in each case, any Subsidiary that is a CFC
and any Person that is released as a guarantor pursuant to Section 8.9(a). As of the Closing Date the Guarantors are Holdings, Piedmont, Material Services Company, Inc., a Delaware corporation, and PSA Airlines. 

“Guaranty” means the Guaranty Agreement executed and delivered by the Borrower and the Guarantors in favor of the
Administrative Agent, in substantially the form of Exhibit I. 

  
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 “Hazardous Materials” means all substances defined as Hazardous Substances,
Oil, Pollutants or Contaminants in the National Oil and Hazardous Substances Pollution Contingency Plan, 40 C.F.R. § 300.5, or defined or regulated as such under, any Environmental Law. 

“Hazardous Materials Activity” means any past, current, proposed, or threatened use, storage, Release, generation,
treatment, remediation or transportation of any Hazardous Material (i) from, under, in, into or on the Facilities or surrounding property; and (ii) caused by, or undertaken by or on behalf of, an Obligor or any of their respective
predecessors or Affiliates. 
 “Heathrow Routes” means any Routes operated by any Obligor to or from
London’s Heathrow airport in the United Kingdom. 
 “Hedging Obligations” means, with respect to any
Person, all obligations and liabilities of such Person under (1) Interest Rate Agreements (2) Currency Agreements; and (3) other agreements or arrangements designed to protect such Person against fluctuations in currency exchange
rates, fuel prices or other commodity prices. For the avoidance of doubt, any Permitted Convertible Indebtedness Call Transaction will not constitute Hedging Obligations. 
 “Holdings” means Group and, following a Permitted Holder Acquisition pursuant to the Merger Agreement where AMR is the Permitted Holder, AMR. 

“Immaterial Subsidiary” means, as of any date of determination, any direct or indirect Restricted Subsidiary of Holdings
that, as of the last day of any fiscal quarter for which financial statements have been furnished to the Administrative Agent, holds no more than 2.5% of the consolidated total assets of Holdings and its Restricted Subsidiaries, taken as a whole, as
of such date; provided, that if all such Immaterial Subsidiaries in the aggregate, as of the last day of any fiscal quarter for which financial statements have been furnished to the Administrative Agent, hold assets in excess of 5% of the
consolidated total assets of Holdings and its Restricted Subsidiaries as of such date, then only the Restricted Subsidiaries with the smallest percentages of assets of Holdings and its Restricted Subsidiaries (not exceeding, 2.5% individually or 5%
in the aggregate as of such date) shall constitute “Immaterial Subsidiaries” on such date. 
 “Incremental
Amendment” has the meaning specified in Section 2.14(c). 
 “Incremental Facility Closing Date”
has the meaning specified in Section 2.14(c). 
 “Incremental Term Commitments” has the meaning specified
in Section 2.14(a). 
 “Incremental Term Lender” has the meaning specified in Section 2.14(a).

 “Incremental Term Loans” has the meaning specified in Section 2.14(a). 

“Incremental Yield Differential” has the meaning specified in Section 2.14(a)(viii). 

“Indebtedness” means, with respect to any Person at any date of determination (without duplication), (i) all
indebtedness of such Person for borrowed money as of such date; (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments as of such date; (iii) all obligations of such Person in respect of
letters of credit or other similar instruments (including reimbursement obligations with respect thereto) as of such date; (iv) all obligations of such Person to pay the deferred and unpaid purchase price of property or services as of such
date, which purchase price is due more than six (6) months after the date of placing such property in service or taking delivery and title 

  
 26 

 
thereto or the completion of such services, except Trade Payables; (v) all Capital Lease obligations of such Person (the amount of the Indebtedness in respect of Capital Lease obligations to
be determined as provided in the definition of Capital Lease in this Section 1.1) as of such date; (vi) 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 as of such date, provided that the amount of such Indebtedness shall be the lesser of (A) the fair market value of such asset as of such date and (B) the stated principal amount of such Indebtedness as of such date, provided,
however, that if such Indebtedness is assumed by such Person or provides for recourse against such Person, the amount of such Indebtedness shall be the greater of (A) and (B) above; (vii) all Indebtedness of other Persons
Guaranteed by such Person to the extent such Indebtedness is Guaranteed by such Person as of such date; (viii) to the extent not otherwise included in this definition and to the extent treated as a liability under GAAP, obligations outstanding
on such date under Currency Agreements, Interest Rate Agreements and Commodity Agreements; (ix) the capitalized amount of remaining lease payments owing by such Person under Synthetic Leases as of such date that would appear on the balance
sheet of such Person if such lease were treated as a Capital Lease; (x) the aggregate amount of uncollected accounts receivable of such Person subject as of such date to a sale of receivables (or similar transaction) to the extent such
transaction is effected with recourse to such Person (whether or not such transaction would be reflected on the balance sheet of such Person in accordance with GAAP); (xi) the Indebtedness of any partnership or unincorporated joint venture in
which such Person is a general partner or a joint venturer as of such date to the extent such Indebtedness is recourse to such Person; and (xii) all prepaid forward sales in bulk of dividend miles or available seat miles or like transactions
other than in the Ordinary Course of Business. The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional obligations as described above and the maximum liability, upon the occurrence of
the contingency giving rise to the obligation, of any contingent obligations at such date; provided that the amount outstanding at any time of any Indebtedness issued with original issue discount is the face amount of such Indebtedness less
the remaining unamortized portion of the original issue discount of such Indebtedness at such time as determined in conformity with GAAP. 
 “Indemnified Matters” has the meaning specified in Section 9.4(a). 
 “Indemnified Taxes” has the meaning specified in Section 2.12(a). 
 “Indemnitee” has the meaning specified in Section 9.4(a). 

“Index Rate” means, for any day, a floating rate equal to the highest of (i) the rate publicly quoted from time to
time by The Wall Street Journal as the “prime rate” (or, if The Wall Street Journal ceases quoting a prime rate, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical
release H.15 (519) entitled “Selected Interest Rates” as the Bank prime loan rate or its equivalent), (ii) the Federal Funds Rate plus 50 basis points per annum, (iii) LIBOR applicable to a LIBOR Loan with a LIBOR Period of
one month plus 1% and (iv) 1.00%. Each change in any interest rate provided for in this Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate. 

“Index Rate Borrowing” means a borrowing consisting of Index Rate Loans. 

“Index Rate Loan” means a Loan or portion thereof bearing interest by reference to the Index Rate. 

“Ineligible Collateral” means any Appraised Collateral that: 

  
 27 

 (a) is not subject to a valid and enforceable first priority Lien on such
Collateral (subject only to Permitted Encumbrances) granted by the applicable Obligor in favor of the Administrative Agent for the benefit of the Secured Parties pursuant to a Collateral Document; 

(b) is placed on consignment, is in transit or is out for repair, except for Collateral (other than Spare Parts) in
transit between domestic locations of Obligors as to which the Liens of the Administrative Agent for the benefit of the Secured Parties have been perfected at origin and destination, and except for aircraft, airframes and engines located outside of
the United States pursuant to flight operations in the Ordinary Course of Business which would be Eligible Collateral but for this clause (b); 
 (c) is covered by a negotiable document of title, unless such document has been delivered to the Administrative Agent with all necessary endorsements; 

(d) is not of a type used in the Ordinary Course of Business of the Obligors; 

(e) as to which any of the representations or warranties pertaining to Collateral set forth in the Loan Documents was
untrue as of the date with respect to which such representation or warranty was made; 
 (f) consists of
Hazardous Materials or goods that can be transported or sold only with licenses that are not readily available; 

(g) is not covered by casualty insurance as required to be maintained under the Loan Documents; 

(h) is subject to any patent or trademark license requiring payment of royalties or fees or requiring the consent of the
licensor for the sale thereof by the Administrative Agent if such royalties or fees have not been paid or such consent has not been obtained, as the case may be; provided that, with respect to any consents set forth on Schedule 5.19, the Appraised
Collateral relating to such consents shall only be considered “Ineligible Collateral” if such consent has not been obtained on or before the date set forth in Schedule 5.19; 

(i) has not been appraised in accordance with Section 5.14; 

(j) is property or assets subject to any event of loss, damage or other casualty that has materially and adversely
affected the value of such Collateral, whether insured or not, if such loss, damage or other casualty has not been restored or repaired; provided, however, that such property or assets shall not be deemed “Ineligible
Collateral” to the extent of its current market value after such event of loss, damage or other casualty (excluding any insurance proceeds); 
 (k) with respect to Spare Parts, is located at a location other than a Spare Parts Location; or 
 (l) as to which the applicable Obligor is not in compliance with the terms of, or there shall exist a default under, any lease, license, use or occupancy agreement between such Obligor and the applicable
landlord, lessor or licensor now or hereafter affecting all or any portion of such Collateral that could reasonably be expected to have an adverse effect on the ability of the Administrative Agent to access, or exercise remedies against such
Collateral. 

  
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 “Interest Payment Date” means (a) as to any Index Rate Loan, the first
Business Day of each calendar quarter to occur while such Loan is outstanding, and (b) as to any LIBOR Loan, the last day of each LIBOR Period; provided, that in the case of any LIBOR Period greater than three months in duration,
interest shall be payable at three month intervals and on the last day of such LIBOR Period. 
 “Interest Rate
Agreement” means any 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. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date hereof
and from time to time hereafter. 
 “International Interest” has the meaning as expressed in the Cape Town
Convention. 
 “Investment” means with respect to any Person, any direct or indirect advance, loan (other than
loans or advances to customers in the Ordinary Course of Business that are recorded as accounts receivable on the balance sheet of such Person or its Subsidiaries) or other extensions of credit or capital contribution or other equity investment by
such Person to any other Person, including 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, any Guarantee (including any support for a letter of credit issued on
behalf of such Person) incurred for the benefit of such Person or any purchase or acquisition by such Person of Capital Stock (or warrants, options or rights convertible into or exercisable for Capital Stock), bonds, notes, debentures or other
similar instruments issued by any other Person; provided that advances or loans by any Obligor to any other Obligor, Guarantees (including any support for a letter of credit issued on behalf of another Obligor) incurred by any Obligor for the
benefit of any other Obligor, capital contributions or other equity investments by an Obligor in any other Obligor and deposits made by any Obligor in connection with the purchase by an Obligor of Aircraft Related Equipment, Slots or other property
shall not constitute an “Investment.” Any Guarantee or other contingent obligation constituting an Investment shall be valued for the purposes of compliance with Section 6.2 in accordance with GAAP. 

“Investment Guidelines” means investment guidelines in the form attached hereto as Exhibit L, together with any
amendments, restatements, supplements or other modifications thereof permitted in accordance with Section 6.9(b). 

“IRS” means the Internal Revenue Service of the United States or any successor thereto. 

“JFK” means John F. Kennedy International Airport. 

“Junior Secured Debt” means mean Indebtedness permitted to be secured by a Lien described in Section 6.1(a)(ii).

 “Lender” means any Person that (a) is listed on the signature pages hereof as a “Lender”,
(b) from time to time becomes a party hereto by execution of an Assignment and Acceptance or (c) makes any Incremental Term Loan or Extended Term Loan, in each case together with its successors. 

“Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Lending
Office” opposite its name on Annex A or on the Assignment and Acceptance by which it became a Lender or such other office of such Lender as such Lender may from time to time specify to the Borrower and the Administrative Agent.

  
 29 

 “LHR UK Security Agreement” means a Slot, Gate and Route Security Agreement
among US Airways and the Administrative Agent, in substantially the form of Exhibit F-2. 
 “LGA”
means LaGuardia Airport. 
 “Liabilities” means all claims, actions, suits, judgments, damages, losses,
liability, obligations, responsibilities, fines, penalties, sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees,
charges and disbursements of financial, legal and other advisors and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise. 

“LIBOR” means for each LIBOR Period, a rate of interest determined by the Administrative Agent equal to the offered rate
for deposits in Dollars for the applicable LIBOR Period that appears on Reuters Screen LIBOR1 Page (or on any successor or substitute page of such service) as of 11:00 a.m. (London time), on the second full Business Day next preceding the first day
of such LIBOR Period (unless such date is not a Business Day, in which event the next succeeding Business Day will be used). If such interest rates shall cease to be available on Reuters Screen LIBOR1 Page (or on any successor or substitute page of
such service), LIBOR shall be determined from such financial reporting service or other information as shall be mutually acceptable to the Administrative Agent and Borrower. LIBOR shall be no less than 1.00%. 

“LIBOR Borrowing” means a borrowing consisting of LIBOR Loans. 

“LIBOR Loan” means a Loan (other than an Index Rate Loan) or any portion thereof bearing interest by reference to LIBOR.

 “LIBOR Period” means, with respect to any LIBOR Loan, each period commencing on a Business Day selected by
the Borrower pursuant to this Agreement and ending one, two, three or six months (or, if agreed to by all applicable Lenders, twelve months) thereafter, as selected by the Borrower’s irrevocable notice (or deemed notice) to the Administrative
Agent as set forth in Section 2.7(d); provided, that the foregoing provision relating to LIBOR Periods is subject to the following: 
 (a) if any LIBOR Period would otherwise end on a day that is not a Business Day, such LIBOR Period shall be extended to the next succeeding Business Day unless the result of such extension would be to
carry such LIBOR Period into another calendar month in which event such LIBOR Period shall end on the immediately preceding Business Day; 
 (b) with respect to any Loans, any LIBOR Period that would otherwise extend beyond any Principal Payment Date shall end on such Principal Payment Date; 

(c) any LIBOR 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 LIBOR Period) shall end on the last Business Day of a calendar month; 
 (d) the Borrower shall select LIBOR Periods so that there shall be no more than 10 separate LIBOR Loans in existence at any one time; and 

(e) the provisions in Section 2.7(d) with respect to conversions into and continuations of LIBOR Loans. 

  
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 “Lien” means any lien, mortgage, pledge, assignment for security, security
interest, charge, hypothecation, lease or encumbrance of any kind (including any conditional sale or other title retention agreement, any lease in the nature thereof, any easement, right of way or other encumbrance on title to real property and any
agreement to give any security interest). 
 “Loan” means a Tranche B1 Term Loan, a Tranche B2 Term Loan, any
Incremental Term Loan or any Extended Term Loan. 
 “Loan Documents” means, collectively, this Agreement, the
Notes, the Collateral Documents, the Guaranty, and each certificate, agreement or document executed by an Obligor and delivered to the Administrative Agent or the Lenders in connection with or pursuant to this Agreement. 

“Loan Modification Agreement” has the meaning specified in Section 2.15(b). 

“Loan Modification Offer” has the meaning specified in Section 2.15(a). 

“Mainline Slots” means all FAA Slots that are not Commuter Slots. 

“Marketing and Service Agreements” means those certain business, marketing and service agreements among an Obligor and
any of Mesa Airlines, Inc., Chautauqua Airlines, Inc., Trans States Airlines, Inc., United Air Lines, Inc., Republic Airline, Inc., SkyWest Airlines and Air Wisconsin Airlines Corporation and such other parties or agreements from time to time that
include, but are not limited to, code-sharing, pro-rate, capacity purchase, service, frequent flyer, ground handling and marketing agreements that are entered into in the Ordinary Course of Business. 

“Material Adverse Effect” means (a) a material adverse effect on (i) the business or financial condition of
the Obligors, taken as a whole, or (ii) the legality, validity, binding effect or enforceability against any Obligor of any Loan Document, or the rights and remedies of the Administrative Agent or any Lender under any Loan Document, or
(b) any material adverse effect on or material impairment of (i) the ability of the Obligors, taken as a whole, to perform their payment or other material obligations under the Loan Documents or (ii) the value of the Collateral taken
as a whole. 
 “Maturity Date” means, in the case of Tranche B1 Term Loans, May 23, 2019 (the
“Tranche B1 Term Maturity Date”), in the case of Tranche B2 Term Loans, November 23, 2016 (the “Tranche B2 Term Maturity Date”) or, in the case of any other Class of Loans, the maturity date applicable to such
Class of Loans. 
 “Merger” means the merger of US Airways Group, Inc. with and into AMR Merger Sub, Inc., as
contemplated by the Merger Agreement. 
 “Merger Agreement” means the Agreement and Plan of Merger among AMR,
AMR Merger Sub, Inc. and Group, dated as of February 13, 2013 (as amended, restated, supplemented or otherwise modified from time to time). 
 “Minimum Collateral Coverage Ratio” means 1.5 to 1.0. 

“Minimum Control Cash Amount” has the meaning specified in Section 6.3(a). 

“Minimum Extension Condition” has the meaning specified in Section 2.15(c). 

  
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 “Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto that is a nationally recognized rating agency. 
 “Mortgage” means any mortgage, deed of trust or other
similar document executed or required herein to be executed by any Obligor and granting a security interest over real property or leasehold interests in real property in substantially the form of Exhibit G or otherwise in form and substance
reasonably satisfactory to the Administrative Agent. 
 “Mortgage Supporting Documents” means, with respect to
any Mortgage, each document (including title policies or marked-up unconditional insurance binders (in each case, together with copies of all exception documents referred to therein), maps, ALTA (or TLTA, if applicable) as-built surveys (in form and
as to date that is sufficiently acceptable to the title insurer issuing title insurance to the Administrative Agent for such title insurer to deliver endorsements to such title insurance as reasonably requested by the Administrative Agent),
environmental assessments and reports and evidence regarding recording and payment of fees, insurance premium and taxes) that the Administrative Agent may reasonably request, to create, register, perfect, maintain, evidence the existence, substance,
form or validity of or enforce a valid lien on such parcel of or leasehold interest in real property in favor of the Administrative Agent for the benefit of the Secured Parties, subject only to Permitted Encumbrances and such other Liens as the
Administrative Agent may approve. 
 “Multiemployer Plan” means a multiemployer plan as defined
Section 4001(a)(3) of ERISA, and in respect of which any Obligor or any of its ERISA Affiliates is (or with the application of Section 4212(c) of ERISA would be) (a) an “employer” as defined in Section 3(5) of ERISA or
(b) a “seller” as defined in Section 4204 of ERISA. 
 “Net Cash Proceeds” means, with
respect to any Asset Disposition, the Cash Proceeds of such Asset Disposition, net of (i) reasonable and customary brokerage commissions and other reasonable and customary fees and expenses (including reasonable fees and expenses of counsel,
investment bankers, accountants and other professionals, consultants and advisors) related to such Asset Disposition, (ii) provisions for all taxes payable as a result of such Asset Disposition without regard to the consolidated results of
operations of Holdings and its Subsidiaries, taken as a whole and (iii) appropriate amounts to be provided by any Obligor as a reserve against any liabilities associated with such Asset Disposition, including, without limitation, pension and
other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Asset Disposition, all as determined in conformity with GAAP, but limited to the
period of the required reserve. 
 “Net Condemnation Proceeds” means an amount equal to: (i) any cash
payments or proceeds received by an Obligor as a result of any condemnation or other taking or temporary or permanent requisition of any property, any interest therein or right appurtenant thereto, or any change of grade affecting any such property,
as the result of the exercise of any right of condemnation or eminent domain by a Governmental Authority (including a transfer to a Governmental Authority in lieu or anticipation of a condemnation), minus (ii) (a) any actual and reasonable
costs incurred by an Obligor in connection with any such condemnation or taking (including reasonable fees and expenses of counsel) (b) provisions for all taxes payable as a result of such condemnation, without regard to the consolidated
results of operations of Holdings and its Subsidiaries, taken as a whole, and (c) any amounts required to be paid to any Person (other than an Obligor) having a Permitted Encumbrance on the property subject to such condemnation or taking to the
extent payments to such Person are required by law to be made prior to payments to the Administrative Agent or the Lenders. 

  
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 “Net Insurance Proceeds” means an amount equal to: (i) any cash
payments or proceeds received by an Obligor under any casualty insurance policy in respect of a covered loss thereunder with respect to tangible, real or personal property, minus (ii) (a) any actual and reasonable costs incurred by an
Obligor in connection with the adjustment or settlement of any claims of an Obligor in respect thereof (including reasonable fees and expenses of counsel), (b) provisions for all taxes payable as a result of such event, without regard to the
consolidated results of operations of Holdings and its Subsidiaries, taken as a whole, and (c) any amounts required to be paid to any Person (other than an Obligor) having a Permitted Encumbrance on the property subject to such condemnation or
taking to the extent payments to such Person are required by law to be made prior to payments to the Administrative Agent or the Lenders. 
 “Non-Consenting Lender” has the meaning specified in Section 9.1(c). 
 “Non-Recourse Debt” means Indebtedness (1) as to which neither an Obligor nor any of its Restricted Subsidiaries (A) provides credit support of any kind (including any
undertaking, agreement or instrument that would constitute Indebtedness) or (B) is directly or indirectly liable as a guarantor or otherwise and (2) as to which the holders of such Indebtedness do not otherwise have recourse to the stock
or assets of an Obligor or any of its Restricted Subsidiaries (other than the Capital Stock of an Unrestricted Subsidiary). 

“Non-Recourse Financing Subsidiary” means any Unrestricted Subsidiary that has no Indebtedness other than Non-Recourse
Debt and (b) engages in no activities other than those relating to the financing of specified assets and other activities incidental thereto. 
 “Non-U.S. Person” means a Person that is not a United States person as defined in Section 7701(a)(30) of the Internal Revenue Code. 

“Note” and “Notes” have the meanings specified in Section 2.3(h). 

“Notice of Borrowing” means a Notice of Borrowing, in substantially the form of Exhibit M. 

“Notice of Conversion/Continuation” has the meaning specified in Section 2.7(d). 

“Obligations” means all payment and performance obligations of every nature of any Obligor from time to time owed to the
Administrative Agent and the Lenders (together with their respective permitted successors and assigns), or any of their respective Affiliates, officers, directors, employees, agents or advisors under or in respect of any Loan Document, whether for
principal, interest, fees, expenses, indemnification or otherwise, whether direct or indirect (regardless of whether acquired by assignment), absolute or contingent, due or to become due, whether liquidated or not, now existing or hereafter arising
and however acquired, and whether or not evidenced by any instrument or for the payment of money, including, without limitation, (a) if such Obligor is the Borrower, the Loans, (b) all interest, whether or not accruing after the filing of
any petition in bankruptcy or after the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding, and (c) all other fees,
expenses (including fees, charges and disbursement of counsel), interest, commissions, charges, costs, disbursements, indemnities and reimbursement of amounts paid and other sums chargeable to such Obligor under any Loan Document. 

“Obligors” means (i) the Borrower, (ii) each Guarantor and (iii) if a Permitted Holder Acquisition
(unless the applicable Permitted Holder has become a Guarantor) has been consummated, 

  
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then solely for the purposes of clauses (f), (g) and (l) of Section 7.1, the Permitted Holder and their respective successors and assigns. 

“Officer” means, as applied to any corporation, limited liability company or other entity, each Responsible Officer, the
Chairman of the board of directors or the equivalent (if an officer), Assistant Treasurer, Secretary or Assistant Secretary. 

“Officer’s Certificate” means, as applied to the Borrower, a certificate executed by a Responsible Officer of the
Borrower in his/her capacity as such; provided that every Officer’s Certificate shall include a statement that, in the opinion of the signer, such Responsible Officer has made or has caused to be made such examination or investigation as
is necessary to enable such Responsible Officer to express an informed opinion as to the substance of such Officer’s Certificate in light of the provisions hereof pursuant to which it is being delivered. 

“Operating Lease” means, as applied to any Person, any lease (including, without limitation, leases that may be
terminated by the lessee at any time) of any property (whether real, personal or mixed) under which such Person is lessee, that is not a Capital Lease. 
 “Ordinary Course of Business” means, with respect to any Obligor, (a) in the ordinary course of business of, or in furtherance of an objective that is in the ordinary course of
business of, Holdings and its Affiliates, (b) customary and usual in the commercial airline industry in the United States or (c) consistent with the past or current practice of one or more commercial air carriers based in the United
States. 
 “Other Taxes” has the meaning specified in Section 2.12(b). 

“Parent Company” means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board
Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender. 
 “Participant” has the meaning specified in Section 9.2(e) hereof. 
 “Payee” has the meaning specified in Section 9.13. 

“Payment Restriction” means, with respect to a Subsidiary of any Person, any encumbrance, restriction or limitation,
whether by operation of the terms of its charter or by reason of any agreement or instrument, on the ability of (i) such Subsidiary to (a) pay dividends or make other distributions on its Capital Stock or make payments on any obligation,
liability or Indebtedness owed to such Person or any other Subsidiary of such Person, (b) make loans or advances to such Person or any other Subsidiary of such Person or (c) transfer any of its property or assets to such Person or any
other Subsidiary of such Person or (ii) such Person or any other Subsidiary of such Person to receive or retain any such (a) dividend, distributions or payments, (b) loans or advances or (c) property or assets. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Permitted Acquisition” means any acquisition, whether by merger, consolidation or otherwise: 

(x) permitted by the terms of Section 6.4 and/or Section 6.8; or 

  
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 (y) by a Permitted Holder of 100% of the Capital Stock of Holdings (including, for the
avoidance of doubt, the Merger), but only so long as: 
 (i) (A) no Event of Default has occurred and is
continuing immediately prior to or immediately after giving effect to the proposed transaction and (B) all transactions related thereto are consummated in all material respects in accordance with applicable laws; 

(ii) the Borrower has provided the Administrative Agent with written notice 10 days (or such shorter period as reasonably
agreed by the Administrative Agent) prior to the Permitted Holder Acquisition and copies of the material acquisition documents promptly after consummation of such acquisition; 

(iii) after giving effect to such acquisition, the Borrower shall be in compliance on a Pro Forma Basis with
Section 6.3; 
 (iv) the Borrower has delivered to the Administrative Agent an Officer’s Certificate to
the effect set forth in (i) through (iii) above, together with supporting financial information demonstrating compliance with Section 6.3; and 
 (v) the Permitted Holder has become a Guarantor by delivering to the Administrative Agent a duly executed joinder agreement to the Guaranty together with a legal opinion from counsel reasonably
satisfactory to the Administrative Agent; 
 provided that in the case of the Merger, clauses (y)(i)
through (iv) above shall not be conditions to the Merger. 
 “Permitted Acquisition Financing” means
Indebtedness incurred by an Obligor in connection with an acquisition, merger or consolidation which is permitted by Section 6.4 and/or Section 6.8 (as applicable) if and to the extent used (i) to refinance existing Indebtedness of
the Person acquired or Indebtedness secured by the assets acquired or (ii) to pay consideration or related expenses in connection with such transaction; provided, however, that both immediately before and after giving effect
thereto, (a) no Default or Event of Default shall have occurred and be continuing and (b) the Borrower shall be in compliance on a Pro Forma Basis with the financial covenants in Section 6.3. 

“Permitted Amendment” means an amendment to this Agreement and the other Loan Documents, effected in connection with a
Loan Modification Offer pursuant to Section 2.15, providing for an extension of the Maturity Date applicable to the Loans of the Accepting Lenders. 
 “Permitted Bond Hedge Transaction” means any call or capped call option (or substantively equivalent derivative transaction) on Holdings Capital Stock purchased by Holdings or any of its
Restricted Subsidiaries in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction, less the proceeds received by Holdings from the sale of any related Permitted
Warrant Transaction, does not exceed the net proceeds received by Holdings from the sale of such Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction. 

“Permitted Business” means any business that is the same as, or reasonably related, ancillary, supportive or
complementary to, the business in which Holdings and its Restricted Subsidiaries are engaged on the date of this Agreement. 

  
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 “Permitted Convertible Indebtedness Call Transaction” means any Permitted
Bond Hedge Transaction and any Permitted Warrant Transaction. 
 “Permitted Counterparty” means any
counterparty to a Secured Hedging Contract that (a) (i) at the time such Person entered into such Secured Hedging Contract, was the Administrative Agent, a Lender, or an Affiliate of the Administrative Agent or a Lender and (ii) is
designated by the Borrower to the Administrative Agent as a “Permitted Counterparty”, or (b) (i) is reasonably acceptable to the Administrative Agent, (ii) is designated by the Borrower to the Administrative Agent as a
“Permitted Counterparty” and (iii) has executed and delivered to the Administrative Agent an acknowledgement in form and substance reasonably satisfactory to the Administrative Agent to the extent requested by the Administrative
Agent. 
 “Permitted Encumbrances” means the following types of Liens (other than any such Lien imposed
pursuant to Section 401(a)(29) or 430(k) of the Internal Revenue Code or by ERISA) as applied to any property constituting Collateral: 
 (i) Liens for taxes, assessments or governmental charges or claims the payment of which is either (a) not delinquent for a period of more than 30 days or (b) being contested in good faith by
appropriate proceedings, if such reserve or other appropriate provision, if any, as shall be required by GAAP shall have been made therefor, as set forth in Section 5.3; 

(ii) statutory Liens of landlords and Liens of carriers, vendors, warehousemen, repairmen, mechanics and materialmen and
other Liens imposed by law incurred in the Ordinary Course of Business for sums either (a) not delinquent for a period of more than thirty (30) days or (b) being contested in good faith by appropriate proceedings, if such reserve or
other appropriate provision, if any, as shall be required by GAAP shall have been made therefor; 
 (iii) with
respect to real property, easements, rights-of-way, restrictions, defects, encroachments or irregularities in title and other similar charges or encumbrances not interfering in any material respect with the ordinary conduct of the business of an
Obligor; provided that such charges or encumbrances, if affecting any of the Eligible Real Estate, do not violate the terms of the applicable Mortgage; 
 (iv) 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 in the Ordinary Course of Business;

 (v) in the case of any Eligible Leased Real Estate, any interest or title of the lessor thereof; 

(vi) Liens in favor of collecting or payor banks and other banks providing cash management services, in each case, having
a right of setoff, revocation, refund or chargeback against money or instruments of any Obligor on deposit with or in possession of such bank arising for the payments of bank fees and other similar amounts owed in the Ordinary Course of Business;

 (vii) Liens of creditors of any Person to whom any Obligor’s assets constituting Collateral are consigned
for sale in the Ordinary Course of Business, so long as such Liens of such Creditors are subject and subordinate to the Lien of the Administrative Agent on such Collateral; 

  
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 (viii) Liens arising from precautionary UCC and similar financing statements
relating to Operating Leases not otherwise prohibited under any Loan Document; and 
 (ix) licenses, sublicenses,
leases and subleases by any Obligor to the extent such license, sublicense, lease or sublease is otherwise permitted by the Collateral Documents; 
 (x) Liens incurred in the Ordinary Course of Business of the Obligors with respect to obligations that do not constitute indebtedness for borrowed money and that do not exceed in the aggregate
(x) prior to the Merger, $10,000,000 at any one time outstanding and (y) following the Merger, $30,000,000 at any one time outstanding; 
 (xi) Judgment and attachment Liens not (A) giving rise to an Event of Default or (B) relating to an action or judgment giving rise to an Event of Default under Section 7.1(h), so long as
such Liens on any Collateral are subject and subordinate to the Lien of the Administrative Agent on such Collateral; and 
 (xii) Liens on Slots constituting Collateral attributable to any Slot Arrangement or to the usage of any Slot by any Affiliate of an Obligor; 

(xiii) Liens on Slots constituting Collateral of creditors of any counterparty in a Slot Arrangement; provided,
that such Liens are released or cease to be effective upon the termination of the relevant Slot Arrangement; 

(xiv) Liens on Ground Service Equipment constituting Collateral solely to the extent attributable to the possession or use
of such Ground Service Equipment constituting Collateral by any Subsidiary of Holdings or any other Obligor, so long as such Liens are subject and subordinate to the Lien of the Administrative Agent on such Collateral; and 

(xv) Liens on Accounts constituting Collateral arising or granted in the ordinary course of business in favor of Persons
performing credit card processing services, travel charge processing services or clearinghouse services for any Obligor, including IATA, Diners Club, Discover Card, NPC, ARC and American Express, so long as such Liens are on Accounts constituting
Collateral that are subject to holdbacks by, or are pledged to, such Persons to secure amounts that may be owed to such Persons under the Obligors’ agreements with them in connection with their provision of credit card processing, travel charge
processing or clearinghouse services to the Obligors. 
 “Permitted Holder” shall mean any corporation or
limited liability company organized under the laws of the United States of America or any state thereof so long as the Person controlling such entity, or such entity itself, is a publicly traded major U.S. airline or a publicly traded holding
company which has (or will simultaneously acquire) as its other principal investment another major U.S. airline. 

“Permitted Holder Acquisition” shall mean an acquisition consummated by a Permitted Holder in accordance with clause
(y) of the definition of Permitted Acquisition. 
 “Permitted Purchaser” means the Borrower, any Guarantor
or any Affiliate of the foregoing. 
 “Permitted Purchaser Assignment and Acceptance” means an assignment and
acceptance entered into by a Lender and a Permitted Purchaser, in substantially the form of Exhibit A-2. 

  
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 “Permitted Refinancing Indebtedness” means Indebtedness of any Obligor the
net cash proceeds of which are used to refund, refinance or are issued in exchange for (for purposes of this definition, “Refinancing Indebtedness”) then outstanding Indebtedness (for purposes of this definition, “Old
Indebtedness”) (including by way of an extension, renewal or replacement of, defeasance or discharge of or substitution for, such Old Indebtedness); provided, that if the Old Indebtedness is secured, the Liens securing the
Refinancing Indebtedness do not extend to any assets other than the assets securing the Old Indebtedness. 
 “Permitted
Reinvestment Collateral” means, with respect to Net Cash Proceeds, Net Insurance Proceeds and/or Net Condemnation Proceeds, additional Appraised Collateral. 
 “Permitted Warrant Transaction” means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) on Holdings Capital Stock sold by Holdings
substantially concurrently with any purchase by Holdings of a related Permitted Bond Hedge Transaction. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, estate, trust,
limited liability company, unincorporated association, joint venture or other entity, or a Governmental Authority. 

“Piedmont” means Piedmont Airlines, Inc., a Maryland corporation. 

“PK Loan Agreement” means that certain Credit Agreement, dated as of November 20, 2009, among the Borrower and PK
Airfinance US, Inc. 
 “Plan” means any “employee benefit plan” as defined in Section 3(3) of
ERISA which is, or (other than for purposes of the first sentence of Section 4.11(a)) was at any time during the preceding six (6) years, maintained or contributed to, or required to be contributed to, by any Obligor or any of its ERISA
Affiliates, other than a multiemployer plan, within the meaning of Section 4001(a)(3) of ERISA. 

“Platform” has the meaning specified in Section 9.7(c). 

“Principal Obligors” means each of (a) the Borrower and Holdings and, following the Merger, AAI and (b) if at
any time, the Borrower or AAI, as applicable, is not a wholly owned direct Subsidiary of Holdings, each Subsidiary of Holdings that is a direct or indirect parent of the Borrower or AAI, as applicable. 

“Principal Payment Date” means each anniversary of the Closing Date and, in the case of Tranche B1 Term Loans, the
Tranche B1 Term Maturity Date and, in the case of Tranche B2 Term Loans, the Tranche B2 Term Maturity Date, except that if any such date is not a Business Day, then the applicable Principal Payment Date shall be the immediately preceding Business
Day. 
 “Pro Forma Basis” means, with respect to compliance with any covenant hereunder, compliance with such
covenant after giving effect to the acquisition (whether by purchase, merger or otherwise) or disposition (whether by sale, merger or otherwise) of any company, entity or business or any asset by any Obligor or any other action which requires
compliance on a Pro Forma Basis. In making any determination of compliance on a Pro Forma Basis, such determination shall be performed using the consolidated financial statements of such Obligor which shall be reformulated as if any such
acquisition, disposition or other action had been consummated at the beginning of the period specified in the covenant with respect to which Pro Forma Basis compliance is required. 

  
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 “Proceedings” means the institution of, or threat of, any action, suit,
proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting any Obligor or any property of any Obligor, unless the Borrower’s general counsel or outside legal counsel has determined
that a favorable outcome to such Obligor is reasonably likely. 
 “PSA Airlines” means PSA Airlines, Inc., a
Pennsylvania corporation. 
 “QEC Kits” means the quick engine change kits of any Obligor. 

“Qualified Receivables Transaction” means any transaction or series of transactions entered into by Holdings or any of
its Subsidiaries pursuant to which Holdings or any of its Subsidiaries sells, conveys or otherwise transfers to (a) a Receivables Subsidiary or any other Person (in the case of a transfer by Holdings or any of its Subsidiaries) and (b) any
other Person (in the case of a transfer by a Receivables Subsidiary), or grants a security interest in, any Receivables Accounts (whether now existing or arising in the future) of Holdings or any of its Subsidiaries, and any assets related thereto
including, without limitation, all equity interests and other investments in the Receivables Subsidiary, all collateral securing such Receivables Accounts, all contracts and all guarantees or other obligations in respect of such Receivables
Accounts, proceeds of such Accounts and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization or factoring transactions involving Accounts; provided
that any Accounts sold or transferred pursuant to a Qualified Receivables Transaction shall not constitute Collateral or shall be subject to a Borrower Release in connection with such sale or transfer. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Obligor 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. 
 “Qualifying Equity Interests” means Equity Interests
of Holdings other than Redeemable Stock. 
 “Real Estate” means the fee or leasehold interests in real property
of a Person, together with the right, title and interest of such Person, if any, in and to the streets, the real property lying in the bed of any streets, roads or avenues, opened or proposed, the air space and development rights pertaining to the
real property and the right to use such air space and development rights, all rights of way, privileges, liberties, tenements, hereditaments and appurtenances belonging or in any way appertaining thereto, all fixtures, all easements now or hereafter
benefiting the real property and all royalties and rights appertaining to the use and enjoyment of the real property, including all alley, vault, drainage, mineral, water, oil and gas rights, together with all of the buildings and other improvements
now or hereafter erected on the real property and any fixtures appurtenant thereto. 
 “Receivables Accounts”
means Accounts, accounts receivable, ticket receivables, frequent flyer mile sale proceeds and other present and future revenues and receivables. 
 “Receivables Repurchase Obligation” means any obligation of a seller of Receivables Accounts in a Qualified Receivables Transaction to repurchase Receivables Accounts and related assets
arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of Receivables Accounts or portion thereof becoming subject to any asserted defense, dispute, offset 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. 

  
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 “Redeemable Stock” means any class or series of Capital Stock of any Person
that by its terms or otherwise (i) is required to be redeemed prior to the latest Maturity Date, (ii) may be required to be redeemed at the option of the holder of such class or series of Capital Stock at any time prior to the latest
Maturity Date or (iii) is convertible into or exchangeable for (a) Capital Stock referred to in clause (i) or (ii) above or (b) Indebtedness having a scheduled maturity prior to the latest Maturity Date; provided that
any Capital Stock that would constitute Redeemable Stock solely because of the provisions thereof offering holders thereof the right to require the issuer thereof to repurchase or redeem such Capital Stock upon the occurrence of an “asset
sale” occurring prior to the latest Maturity Date shall not constitute Redeemable Stock if the asset sale provisions contained in such Capital Stock specifically provide that, in respect of any particular asset sale proceeds, the issuer thereof
will not be required to repurchase or redeem any such Capital Stock pursuant to such provisions so long as the Borrower applies the full amount of such proceeds (net of associated taxes and transaction costs) to the permanent reduction of the
aggregate outstanding principal amount of the Loan. 
 “Receivables Subsidiary” means a Subsidiary of Holdings
which engages in no activities other than in connection with the financing or securitization of Receivables Accounts and which is designated by the Board of Directors of Holdings as a Receivables Subsidiary in compliance with Section 5.18 or
any Subsidiary of a Receivables Subsidiary (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by Holdings or any Restricted Subsidiary of Holdings (other than comprising a
pledge of the Capital Stock or other interests in such Receivables Subsidiary (an “incidental pledge”), and excluding any guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to
representations, warranties, covenants and indemnities entered into in the Ordinary Course of Business in connection with a Qualified Receivables Transaction), (ii) is recourse to or obligates Holdings or any Restricted Subsidiary of Holdings
in any way other than through an incidental pledge or pursuant to representations, warranties, covenants and indemnities entered into in the Ordinary Course of Business in connection with a Qualified Receivables Transaction or (iii) subjects
any property or asset of Holdings or any Subsidiary of Holdings (other than Receivables Accounts and related assets as provided in the definition of “Qualified Receivables Transaction”), directly or indirectly, contingently or otherwise,
to the satisfaction thereof, other than pursuant to representations, warranties, covenants and indemnities entered into in the Ordinary Course of Business in connection with a Qualified Receivables Transaction, (b) with which neither Holdings
nor any Subsidiary of Holdings has any material contract, agreement, arrangement or understanding (other than pursuant to the Qualified Receivables Transaction) other than (i) on terms no less favorable to Holdings or such Subsidiary than those
that might be obtained at the time from Persons who are not Affiliates of Holdings, and (ii) fees payable in the Ordinary Course of Business in connection with servicing accounts receivable and (c) with which neither Holdings nor any
Subsidiary of Holdings has any obligation to maintain or preserve such Subsidiary’s financial condition, other than a minimum capitalization in customary amounts, or to cause such Subsidiary to achieve certain levels of operating results. For
the avoidance of doubt, Holdings and any Restricted Subsidiary of Holdings may enter into Standard Securitization Undertakings for the benefit of a Receivables Subsidiary. 
 “Register” has the meaning specified in Section 2.3(i). 

“Reinvestment Event” means the date on which Net Cash Proceeds, Net Insurance Proceeds or Net Condemnation Proceeds are
deposited in the Collateral Account. 
 “Reinvestment Prepayment Date” means, with respect to any Reinvestment
Event, the earliest of (a) the date occurring 365 days after such Reinvestment Event, unless, prior to any such date, the Borrower or the applicable Subsidiary has (i) entered into an agreement for the acquisition of or replacement with
Permitted Reinvestment Collateral or (ii) commenced the construction of Permitted Reinvestment Collateral or the repair or restoration of the original assets, (b) the date that is five
(5)

  
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Business Days after the date on which the Borrower shall have notified the Administrative Agent of the Borrower’s determination not to acquire or construct Permitted Reinvestment Collateral
or repair or restore the original assets with all or any portion of such Net Cash Proceeds, Net Insurance Proceeds or Net Condemnation Proceeds and (c) the date the Administrative Agent delivers a notice of the occurrence of an Event of Default
to the Borrower. 
 “Reinvestment Release Request” means a written notice executed by a Responsible Officer of
the Borrower stating that no Event of Default has occurred and is continuing, that the Borrower (directly or indirectly through one of the Guarantors) requests the release of Net Cash Proceeds, Net Insurance Proceeds or Net Condemnation Proceeds, as
applicable, from the Collateral Account for the acquisition or construction of or replacement with (or for payments or reimbursement with respect to) Permitted Reinvestment Collateral, or for the repair or restoration of the original assets as
specified therein. 
 “Related Person” means, with respect to any Person, each Affiliate of such Person and
each director, officer, employee, agent, advisor and trustee of or to such Person or any of its Affiliates. 

“Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal,
discharge, dispersal, dumping, leaching or migration of Hazardous Materials into the indoor or outdoor environment (including, without limitation, the abandonment or disposal of any barrels, containers or other closed receptacles containing any
Hazardous Materials). 
 “Repricing Event” means (a) any prepayment, repayment, refinancing, substitution
or replacement of all or a portion of the Loans with the proceeds of, or any conversion of Loans into, any new or replacement tranche of syndicated term loans secured by all or any portion of the Collateral having an “effective yield”
(taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of (A) the Weighted Average Life to Maturity of such term loans and
(B) four years) paid to the lenders providing such Indebtedness, but excluding any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such term loans in
their capacities as lenders or holders of such term loans) less than the “effective yield” applicable to the Loans being prepaid, repaid, refinanced, substituted, replaced or converted (determined on the same basis as provided in the
preceding parenthetical) and (b) any amendment to the Loans or any tranche thereof which reduces the “effective yield” applicable to such Loans (as determined on the same basis as provided in clause (a)). 

“Required AMR Obligor” means any AMR Obligor that owns any property constituting Collateral and, as of any date of
determination, either (x) the exclusion of the Appraised Value of such Collateral from the Collateral Value would result in a Collateral Coverage Ratio Failure as of such date or (y) the release of such Collateral would result in a Core
Collateral Failure as of such date. 
 “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. 

“Requisite Lenders” means, at any time, Lenders having at such time in excess of 50% of the aggregate principal amount
of the Loans outstanding at such time. The outstanding Loans of any Defaulting Lender shall be disregarded in determining the “Requisite Lenders” at any time. 

  
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 “Requisite Class Lenders” means, at any time, with respect to any Class of
Loans, Lenders having at such time in excess of 50% of the aggregate principal amount of the Loans of such Class outstanding at such time. The outstanding Loans of any Defaulting Lender shall be disregarded in determining the “Requisite Class
Lenders” at any time. 
 “Responsible Officer” means with respect to an Obligor, any of its Chief
Executive Officer, President, Chief Financial Officer, General Counsel, Treasurer or Controller, but in any event, with respect to financial matters, its Chief Financial Officer, Treasurer or Controller. 

“Restricted Payment” means, with respect to any Person (i) any declaration or payment of dividends on or making of
any distributions in respect of the Capital Stock of such Person (other than dividends or distributions payable solely in shares of Capital Stock (other than Redeemable Stock) or in options, warrants, or other rights to purchase Capital Stock (other
than Redeemable Stock)) to holders of Capital Stock of such Person, (ii) any purchase, redemption or other acquisition or retirement for value (other than through the issuance solely of Capital Stock (other than Redeemable Stock) or options,
warrants or other rights to purchase Capital Stock (other than Redeemable Stock)) of any Capital Stock or warrants, rights (other than exchangeable or convertible Indebtedness of such Person not prohibited under clause (iii) below) or options
to acquire Capital Stock of such Person, and (iii) any prepayment, redemption, repurchase, defeasance (including, but not limited to, in substance or legal defeasance) or other acquisition or retirement for value (other than through the
issuance solely of Capital Stock (other than Redeemable Stock) or warrants, rights or options to acquire Capital Stock (other than Redeemable Stock)) of Indebtedness of such Person or any Subsidiary of such Person that is contractually subordinated
to the Loan, directly or indirectly (including by way of setoff or amendment of the terms of any Indebtedness that is contractually subordinated to the Loan in connection with any retirement or acquisition of such Indebtedness), which is made other
than at any scheduled maturity thereof or by any scheduled repayment or scheduled sinking fund payment (collectively, a “prepayment”); provided that the following shall not constitute Restricted Payments: (a) any
declaration, payment, distribution, purchase, redemption, acquisition or retirement for value, repurchase or defeasance referred to in clauses (i) through (iii) above in each case solely among Obligors, (b) repayment of the Loans,
(c) any repurchase of Receivables Accounts and/or related assets pursuant to a Receivables Repurchase Obligations, (d) payments of cash in lieu of fractional shares in connection with repurchases or conversions of securities of an Obligor
not prohibited hereunder and (e) payments of dividends, distributions or payments by any Restricted Subsidiary of Holdings to the holders of equity interests of such Restricted Subsidiary on a pro rata basis. 

“Restricted Subsidiary” means, with respect to any Person, any Subsidiary of such Person that is not an Unrestricted
Subsidiary. 
 “Routes” means a right, license, permit or other authorization held by the Borrower to any other
Obligor, whereby the Borrower, or, if applicable, such other Obligor is entitled to permitted to fly between two or more points, either within one country or between two countries, including without limitation, applicable designations pursuant to
any transport agreement between the United States and a foreign government, frequencies, exemption and certificate authorities, Fifth Freedom Rights and “behind/beyond rights”, whether now owned or hereafter acquired. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any
successor thereto that is a nationally recognized rating agency. 
 “SEC” means the Securities and Exchange
Commission of the United States or any successor thereto. 

  
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 “Secured Hedging Contract” means any Currency Agreement or Interest Rate
Agreement between an Obligor and a Permitted Counterparty that is designated by the Borrower to the Administrative Agent as a “Secured Hedging Contract”. 
 “Secured Obligations” means (i) the Obligations and (ii) all amounts, obligations, covenants and duties owing by the Borrower to the Permitted Counterparties under the Secured
Hedging Contracts, other than, and excluding, all Excluded Swap Obligations; provided, however, that the aggregate amount of all Secured Obligations under this clause (ii) shall not exceed $50,000,000. 

“Secured Parties” means the Lenders, the Administrative Agent, the Permitted Counterparties and any other holder of any
Secured Obligation. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any
successor statute. 
 “Security Agreement” means a Security Agreement among the Obligors party thereto and the
Administrative Agent, in substantially the form of Exhibit F-1. 
 “SGR Security Agreement” means a
Slot, Gate and Route Security Agreement among the Obligors party thereto and the Administrative Agent, in substantially the form of Exhibit E. 
 “Slot Arrangement” means any lease or sublease of, or use or license agreements with respect to, Collateral that is comprised of Slots and swap agreements or similar arrangements with
respect to Collateral comprised of Slots. 
 “Slot Regulations” means 49 U.S.C. § 40103 and
14 C.F.R. §§ 93.211 – 93.227, and any amendment, supplement or other modification thereto, or successor, replacement or substitute federal law or regulation, or any foreign law or regulation, as applicable, concerning the
right or operational authority to conduct landing or takeoff operations at any airports. 
 “Slot Utilization”
means, with respect to any FAA Slot, (a) a Slot which is used for a take-off or landing operation, (b) if, by regulation or other regulatory notice, the FAA considers such Slot as “used” for purposes of the Slot Regulations,
regardless whether or not such Slot was, in fact, used (e.g., holidays, labor actions), (c) if, by waiver, the FAA considers such Slot as “used” for purposes of the Slot Regulations, or (d) if the FAA otherwise waives the
utilization requirement of the Slot Regulations. 
 “Slots” means all FAA Slots and all Foreign Slots.

 “Solvent” means, with respect to any Person, that as of the date of determination (a) the then fair
saleable value of the business of such Person is not less than the amount that will be required to pay the probable liabilities on such Person’s then existing debts as they become absolute and matured considering all financing alternatives and
potential Asset Dispositions reasonably available to such Person; (b) such Person’s capital is not unreasonably small in relation to its business or any contemplated or undertaken transaction; and (c) such Person does not intend to
incur, or believes that it will not incur, debts beyond its ability to pay such debts as they become due. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of
the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Spare Engines” means all of the “Engines” as defined in the Aircraft Mortgage. 

  
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 “Spare Parts” means all of the “Spare Parts” as defined in the
Spare Parts Mortgage. 
 “Spare Parts Location” has the meaning specified in the Spare Parts Mortgage.

 “Spare Parts Mortgage” means a Spare Parts Mortgage and Security Agreement among the Obligors party thereto
and the Administrative Agent, in substantially the form of Exhibit D. 
 “Specified Class” has the
meaning specified in Section 2.15(a). 
 “SPV” means any special purpose funding vehicle identified as
such in a writing by any Lender to the Administrative Agent. 
 “Standard Securitization Undertakings” means
all representations, warranties, covenants, indemnities, performance Guarantees and servicing obligations entered into by Holdings or any Subsidiary (other than a Receivables Subsidiary), which are customary in connection with any Qualified
Receivables Transaction. 
 “Subsidiary” means, with respect to any Person, any corporation, partnership,
association, limited liability company, trust or estate, joint venture or other business entity of which more than 50% of the issued and outstanding shares of Voting Stock at the time of determination are owned or controlled, directly or indirectly,
by that Person or one or more of the other Subsidiaries of that Person or a combination thereof. 
 “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.

 “Synthetic Lease” means (a) a so-called synthetic, off-balance sheet lease or lease in which the lessee
is contractually entitled to the tax benefits of ownership of the leased assets, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the
insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 
 “Taxes” means any and all present or future taxes, levies, fees, duties, imposts, deductions, charges or withholdings of any nature, and all interest, penalties and other liabilities
thereon or computed by reference thereto imposed by any Governmental Authority. 
 “Term Facility” means the
Commitments and the provisions herein related to the Loans and, to the extent complying with the provisions herein in each case, the Incremental Term Commitments and the Incremental Term Loans made thereunder and the Extended Term Commitments and
the Extended Term Loans made thereunder. 
 “Title 49” means Title 49 of the United States Code, as amended and
in effect from time to time, and the regulations promulgated pursuant thereto. 
 “Total Collateral Coverage
Ratio” means, at any date for which such ratio is to be determined, the ratio expressed as a percentage of (i) the Collateral Value as of such date to (ii) (x) the aggregate outstanding amount of all Secured Obligations as of
such date, plus (y) the aggregate outstanding principal amount of Junior Secured Debt as of such date. 

  
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 “Trade Payables” means, with respect to any Person, any accounts payable or
any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries and arising in the Ordinary Course of Business in connection with the acquisition of goods or services but
limited to current liabilities in accordance with GAAP. 
 “Tranche B1 Term Commitment” has the meaning
specified in the definition of “Commitment.” 
 “Tranche B1 Term Loan” means a Loan made pursuant to
Section 2.1 and maturing on the Tranche B1 Term Maturity Date. 
 “Tranche B2 Term Commitment” has the
meaning specified in the definition of “Commitment.” 
 “Tranche B2 Term Loan” means a Loan made
pursuant to Section 2.1 and maturing on the Tranche B2 Term Maturity Date. 
 “Type” refers to whether a
Loan is an Index Rate Loan or a LIBOR Loan. 
 “UCC” means the Uniform Commercial Code as the same may, from
time to time, be enacted and in effect in the State of New York; provided, that to the extent that the UCC is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of
the UCC, the definition of such term contained in Article or Division 9 shall govern; provided, further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or
remedies with respect to, the Administrative Agent’s or Lender’s Lien on any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term “UCC” shall
mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such
provisions. 
 “United States Citizen” has the meaning specified in Section 4.1(b). 

“Unrestricted Cash” means cash and Cash Equivalents of the Obligors that (i) may be classified, in accordance with
GAAP, as “unrestricted” on the consolidated balance sheets of the Borrower or (ii) may be classified, in accordance with GAAP, as “restricted” on the consolidated balance sheets of the Borrower solely in favor of the
Administrative Agent and the Lenders pursuant to the Loan Documents; provided, however, that Unrestricted Cash shall not include (a) Collateral held in the Collateral Account, (b) passenger facility charges or (c) cash,
Cash Equivalents or other assets carried in deposit accounts and securities accounts referred to in Section 6.3(a) during any period when a “Notice of Exclusive Control” or the equivalent is in effect with respect thereto. 

“Unrestricted Subsidiary” means any Subsidiary of Holdings that is designated as an “Unrestricted Subsidiary”
in compliance with Section 5.17 or any Subsidiary of an Unrestricted Subsidiary, but only if such Subsidiary: 
 (1) except
as permitted by Section 6.6 hereof, is not party to any agreement, contract, arrangement or understanding with Holdings or any Restricted Subsidiary of Holdings unless the terms of any such agreement, contract, arrangement or understanding are
no less favorable to Holdings or such Restricted Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of Holdings; 

  
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 (2) is a Person with respect to which neither Holdings nor any of its Restricted
Subsidiaries (i) has any direct or indirect obligation (A) to subscribe for additional Capital Stock or (B) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of
operating results or (ii) guarantees or otherwise directly or indirectly provides credit support for any Indebtedness of such Person; 
 (3) has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of Holdings or any of its Restricted Subsidiaries; and 

(4) does not own any assets or properties that constitute Collateral. 

“US Airways” means US Airways, Inc., a Delaware corporation. 

“Voting Stock” means any class or classes of Capital Stock pursuant to which the holders thereof have the general voting
power under ordinary circumstances to vote for the election of directors, managers or trustees of any Person (or Persons performing similar functions) irrespective of whether or not at the time stock of any such class or classes will have or might
have such voting power by the reason of the happening of any contingency. 
 “Weighted Average Life to
Maturity” means, with respect to any Indebtedness, on any date of determination, the quotient obtained by dividing (1) the sum of the products of the number of years from such date of determination to the date of each successive
scheduled principal payment of such Indebtedness multiplied by the amount of such payment, by (2) the sum of all such payments. 
 “Withdrawal Liability” means liability (whether or not assessed) with respect to a Multiemployer Plan as a result of (i) a complete or partial withdrawal from such Multiemployer Plan
pursuant to Section 4201 of ERISA or (ii) increases in contributions required to be made pursuant to Section 4243 of ERISA. 
 “Working Capital” means, as of any date, (i) the current assets (excluding cash and Cash Equivalents) of Holdings minus (ii) the current liabilities of Holdings (other than the
current portion of long term debt), in each case, determined on a consolidated basis and otherwise, in accordance with GAAP as of such date. 
 Section 1.2 Computation of Time Periods. In this Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from” means “from
and including” and the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including.” 

Section 1.3 Accounting Terms and Principles. 
 (a) Accounting Terms. All accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto shall,
unless expressly otherwise provided herein, be made in conformity with GAAP. 
 (b) Change in GAAP. If any change in
accounting principles used in the preparation of the most recent financial statements referred to in Section 5.1 is hereafter required or permitted by the rules, regulations, pronouncements and opinions of FASB or the American Institute of
Certified Public Accountants (or any successor thereto) and such change is adopted by an Obligor with the agreement of its independent public accountants and results in a change in any of the calculations required by Article VI had such accounting
change not occurred, the parties hereto agree to promptly enter into good faith 

  
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negotiations in order to amend such provisions so as to equitably reflect such change with the desired result that the criteria for evaluating compliance with such covenants by the Obligors shall
be the same after such change as if such change had not been made; provided, however, that no change in GAAP that would affect a calculation that measures compliance with any covenant contained in Article VI shall be given effect until
such provisions are amended to reflect such changes in GAAP. 
 Section 1.4 Certain Terms. 

(a) Certain References. The words “herein”, “hereof” and “hereunder” and similar words refer to this
Agreement as a whole, and not to any particular Article, Section, subsection or clause in this Agreement. 
 (b)
References to Exhibits, Schedules, etc. References in this Agreement to an Exhibit, Schedule, Article, Section, subsection or clause refer to the appropriate Exhibit or Schedule to, or Article, Section, subsection or
clause in, this Agreement unless otherwise indicated. 
 (c) References to Agreements. Each agreement defined in this
Article I shall include all appendices, exhibits and schedules thereto. If the prior written consent of any Person is required hereunder for an amendment, restatement, supplement or other modification to any such agreement and the consent of
each such Person is obtained, references in this Agreement to such agreement shall be to such agreement as so amended, restated, supplemented or modified. If no such consent is required, references in this Agreement to such agreement shall be to
such agreement as so amended, restated, supplemented or modified. 
 (d) References to Statutes. References in this
Agreement to any statute shall be to such statute as amended or modified and in effect at the time any such reference is operative. 
 (e) Miscellaneous. The term “including” when used in any Loan Document means “including without limitation” except when used in the computation of time periods. 

ARTICLE II 
 THE
LOANS 
 Section 2.1 Commitment to Lend. Subject to the terms and conditions of this Agreement, each Lender
severally agrees to (a) make a single Tranche B1 Term Loan to the Borrower on the Closing Date in a principal amount not exceeding such Lender’s Tranche B1 Term Commitment and (b) make a single Tranche B2 Term Loan to the Borrower on the
Closing Date in a principal amount not exceeding such Lender’s Tranche B2 Term Commitment. The obligations of each Lender hereunder shall be several and not joint. Amounts borrowed under this Section 2.1 and repaid or prepaid may not be
reborrowed. 
 Section 2.2 Repayment of the Loans. The Borrower agrees to repay the full principal amount of
(a) the Tranche B1 Term Loans in six installments, with (i) each of the first five installments, equal to 1% of the initial aggregate principal amount of the Tranche B1 Term Loans, to be due and payable on the first five Principal Payment
Dates occurring after the date hereof and (ii) the sixth installment, equal to the full remaining balance of the Tranche B1 Term Loans, to be due and payable on the Tranche B1 Term Maturity Date and (b) the Tranche B2 Term Loans in four
installments, with (i) each of the first three installments, equal to 1% of the initial aggregate principal amount of the Tranche B2 Term Loans, to be due and payable on the first three Principal Payment Dates occurring after the date

  
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hereof and (ii) the fourth installment, equal to the full remaining balance of the Tranche B2 Term Loans, to be due and payable on the Tranche B2 Term Maturity Date. 

Section 2.3 Making of the Loans; Evidence of Debt. 
 (a) Notice of Borrowing. The Notice of Borrowing shall be irrevocable and binding on the Borrower, specifying therein the following information: (1) the date of such Borrowing,
(2) whether such Borrowing is to be a LIBOR Borrowing or an Index Rate Borrowing, (3) the aggregate amount of such Borrowing, and (4) in the case of a Borrowing consisting of LIBOR Loans, the initial LIBOR Period for each such Loan.
If the Borrower fails to specify a Type of Loan in a Notice of Borrowing, then the applicable Loans shall be made as LIBOR Loans with a LIBOR Period of one month. If the Borrower requests a Borrowing of LIBOR Loans but fails to specify the LIBOR
Period it will be deemed to have specified a LIBOR Period of one month. 
 (b) Funding by Lenders. Each Lender of the
applicable Class shall, before 2:00 p.m. (New York City time) on the date of such Borrowing, make available for the account of its Lending Office to the Administrative Agent at the Collection Account, in same day funds, such Lender’s ratable
portion of the Borrowing. 
 (c) Funding to Borrower. After the Administrative Agent’s receipt of such funds, and
subject to the satisfaction of the applicable conditions set forth in Article III, the Administrative Agent will make such funds available to the Borrower by wire transfer to the Borrower. 

(d) Lender Failure to Make Loans. The failure of any Lender to make any Loan required to be made by it shall not relieve any other
Lender of its obligations hereunder. The Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(e) Lenders’ Accounts. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the
indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(f) Administrative Agent’s Records of Loans. The Administrative Agent shall maintain accounts in which it shall record
(i) the amount of each Loan made hereunder, the Class and Type thereof and the LIBOR Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender
hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (g) Entries Prima Facie Evidence. The entries made in the accounts maintained pursuant to Section 2.3(e) or 2.3(f) shall be prima facie evidence of the existence and amounts of the
obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance
with the terms of this Agreement. 
 (h) Notes. Any Lender may elect, by notice to the Borrower and the Administrative
Agent, to have such Lender’s Loan be evidenced by a Note issued to that Lender. Upon such request, the Borrower shall execute and deliver a promissory note substantially in the form of Exhibit B (each a “Note” and
collectively the “Notes”) to the applicable Lender, in the principal amount of the Loan owing to such Lender, and appropriately completed. Each Note shall be made payable to the applicable Lender

  
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at the office of the Administrative Agent. If no such Note is requested, such Lender may rely on the Register as evidence of the amount of Obligations with respect to the Loan from time to time
owing to it. If a Note is mutilated, lost, stolen or destroyed, the Borrower shall issue a new Note, in the same principal amount and having the same interest rate, date and maturity as the Note so mutilated, lost, stolen or destroyed endorsed to
indicate all payments thereon. In the case of any lost, stolen or destroyed Note, there shall first be furnished to the Borrower an instrument of indemnity from the applicable Lender and evidence of such loss, theft or destruction reasonably
satisfactory to each of them. 
 (i) Register. The Administrative Agent will establish and maintain a record of ownership
(the “Register”) in which the Administrative Agent agrees to register by book entry the Administrative Agent’s and each Lender’s interest in the Loan, the Notes and this Agreement, and in the right to receive any payments
hereunder or thereunder and any assignment of any such interest or rights. In connection with any assignment pursuant to Section 9.2, the Administrative Agent shall maintain a copy of each Assignment and Acceptance delivered to and accepted by
it and shall record the names and addresses of the Lenders and principal amount of the Loan owing to each Lender from time to time. Solely for purposes of this Section 2.3(i), the Administrative Agent shall be the Borrower’s agent for
purposes of establishing and maintaining the Register. The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name
is recorded in the Register as a Lender for all purposes of this Agreement. The Register shall be available for inspection by the Borrower, the Administrative Agent or any Lender (with respect to information regarding its Loan) at any reasonable
time and from time to time upon reasonable prior notice. 
 Section 2.4 Commitment Termination. Unless previously
terminated, the Commitment of each Lender shall automatically terminate at 5:00 p.m. (New York City time), on the Closing Date. 

Section 2.5 Optional Payments. 
 (a) Notice. The Borrower may, on notice (given not later than 2:00 p.m. (New York City time) on the third Business Day prior to the date of the proposed payment of the Loans (in the case of LIBOR
Loans) or given not later than 2:00 p.m. (New York City time) on the Business Day prior to the date of the proposed payment (in the case of Index Rate Loans)), stating the proposed date and aggregate principal amount of the payment, and if such
notice is given the Borrower shall, pay the outstanding principal amounts of the Loans comprising part of the same Borrowing in whole or ratably in part, together with accrued but unpaid interest to the date of such payment on the principal amount
paid; provided, however, that (i) each partial payment shall be in an aggregate principal amount not less than $5,000,000 or integral multiples of $1,000,000 in excess thereof and (ii) in the case of any such payment of a
LIBOR Loan, or if the Borrower revokes such notice pursuant to clause (b) below, the Borrower shall also pay any amounts owing pursuant to Section 2.10(d). 
 (b) Amounts Due upon Notice. Upon the giving of any notice of payment under Section 2.5(a), the principal amount of the Loans specified to be paid together with accrued and unpaid interest
thereon (and, if applicable, together with the payment premium described in Section 2.5(d)) shall (subject to the proviso below) become due and payable on the date specified for such payment; provided, however, that the Borrower
may revoke any notice of payment given under Section 2.5(a) by notice to the Administrative Agent no later than 12:00 noon (New York City time) on the date specified for such payment (which notice may be provided telephonically or in person if
promptly confirmed in writing (including by facsimile or other electronic means)). 

  
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 (c) Application of Optional Payments. Any payment with respect to Loans under this
Section 2.5 shall be applied ratably to each Lender with respect to the Loans of such Borrowing being prepaid and to the remaining scheduled installments of such Loans as directed by the Borrower. 

(d) Payment Premium. In the event that, on or prior to the date that is six months after the Closing Date, there shall occur any
Repricing Event (including any Repricing Event that results in a Mandatory Prepayment pursuant to Section 2.6(a) or 2.6(b) below), the Borrower shall pay to the Administrative Agent, for the ratable account of each of the Lenders holding Loans
subject to such Repricing Event, (x) in the case of a Repricing Event of the type described in clause (a) of the definition thereof, a prepayment premium of 1% of the aggregate principal amount of the Loans subject to such Repricing Event
and (y) in the case of a Repricing Event of the type described in clause (b) of the definition thereof, an amount equal to 1% of the aggregate principal amount of the Loans subject to such Repricing Event outstanding immediately prior to
the effectiveness thereof, in each case, unless such fee is waived by the applicable Lender. Any Lender that is a Non-Consenting Lender in respect of a Repricing Event may be replaced in accordance with Section 9.1(c) to the extent permitted
thereby; provided, that any such Lender so replaced shall be entitled to the prepayment premium set forth in clause (x) of the preceding sentence with respect to its Loans so assigned unless such fee is waived by such Lender. 

Section 2.6 Mandatory Prepayments. 
 (a) Borrower Release. Upon the effectiveness of any Borrower Release (and after giving effect to the receipt and application of any proceeds of a replacement secured financing consummated
concurrently therewith), if, after reducing the Collateral Value as set forth on the most recently delivered Collateral Value Certificate by the Appraised Value of the Collateral subject to such Borrower Release, there would be a Collateral Coverage
Failure, the Borrower shall do one or more of the following: (i) prepay the Loans, (ii) deposit cash in the Collateral Account to be applied in accordance with Section 2.6(g) or (iii) pledge additional Appraised Collateral or
Accounts pursuant to Section 5.8(d)(i) or 5.8(d)(ii), in each case, to the extent necessary to cure such Collateral Coverage Failure. 
 (b) Asset Dispositions. Upon the consummation of any Asset Disposition, if, after reducing the Collateral Value as set forth on the most recently delivered Collateral Value Certificate by the
Appraised Value of the Collateral disposed of in such Asset Disposition, there would be a Collateral Coverage Failure, the Borrower shall do one or more of the following: (i) prepay the Loans, (ii) deposit cash in the Collateral Account to
be applied in accordance with Section 2.6(g) or (iii) pledge additional Appraised Collateral or Accounts pursuant to Section 5.8(d)(i) or 5.8(d)(ii), in each case, to the extent necessary to cure such Collateral Coverage Failure.

 (c) Insurance/Condemnation Proceeds. No later than three (3) Business Days following the date of receipt by an
Obligor of any Net Insurance Proceeds or Net Condemnation Proceeds of any Appraised Collateral, if, after reducing the Collateral Value as set forth on the most recently delivered Collateral Value Certificate by the amount of the value of such
damaged or condemned Appraised Collateral, there would be a Collateral Coverage Failure, the Borrower shall do one or more of the following: (i) apply such Net Insurance Proceeds or Net Condemnation Proceeds to prepay the Loans,
(ii) deposit cash in the Collateral Account to be applied in accordance with Section 2.6(g) or (iii) pledge additional Appraised Collateral or Accounts pursuant to Section 5.8(d)(i) or 5.8(d)(ii), in each case, to the extent
necessary to cure such Collateral Coverage Failure; provided, that any Net Insurance Proceeds, Net Condemnation Proceeds and Insurance Proceeds (as defined in the Aircraft Mortgage) received by the Administrative Agent and not required to be
applied pursuant to this Section 2.6(c) or the applicable Collateral Document shall be returned by the Administrative Agent to the Borrower. 

  
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 (d) Change of Control. Upon the occurrence of a Change of Control, the Borrower shall
prepay the Loans in full, together with accrued interest thereon to the date of such prepayment. Any prepayment of the Loans under this Section 2.6(d) shall be made on the date of occurrence of such Change of Control. 

(e) Collateral Coverage Failure. 
 (i) If at any time it is determined that a Collateral Coverage Ratio Failure has occurred other than as a result of a circumstance described in clauses (a), (b), or (c) above, and no cash, Cash
Equivalents, Accounts or Appraised Collateral is pledged to the Administrative Agent as additional Collateral pursuant to Section 5.8(c)(i) within the time period specified in Section 6.3(b), the Borrower shall prepay the Loans to the
extent required so that the Borrower is in compliance with such Collateral Coverage Ratio on or prior to the end of the time period specified in Section 6.3(b). 

(ii) If at any time it is determined that a Core Collateral Failure has occurred, other than as a result of a circumstance
described in clauses (a), (b), or (c) above, and no Core Collateral is pledged to the Administrative Agent as additional Collateral pursuant to Section 5.8(c)(ii) within the time period specified in Section 6.3(b), the Borrower shall
prepay the Loans in full on or prior to the end of the time period specified in Section 6.3(b). 
 (f) Application of
Prepayments. Any prepayments of the Loans made by the Borrower in accordance with this Section 2.6 shall be applied to the outstanding principal balance of the Loans ratably as to each Lender. All prepayments under this Section 2.6
shall be paid to the Administrative Agent for application as provided in Section 2.9. 
 (g) Reinvestment. Except as
otherwise provided in the Aircraft Mortgage, any Net Cash Proceeds, Net Insurance Proceeds or Net Condemnation Proceeds deposited in the Collateral Account pursuant to Section 2.6(b), Section 2.6(c) or any other provision in the Loan
Documents shall, within five (5) Business Days of delivery of a Reinvestment Release Request, be released to the Borrower to acquire, construct, or replace with Permitted Reinvestment Collateral, or repair or restore the original Collateral, or
to reimburse any Obligor for payments or disbursements with regard to any of the foregoing, until the Reinvestment Prepayment Date corresponding thereto, on which date the Net Cash Proceeds, Net Insurance Proceeds or Net Condemnation Proceeds that
are subject to such Reinvestment Prepayment Date, if any, shall be applied to prepay the Loans; provided that, all or a portion of the funds on deposit in the Collateral Account on such date shall be paid to the Borrower at its request
pursuant to Section 8.9(b)(iii) if after giving effect to such payment there is no Collateral Coverage Failure. 
 (h)
Breakage. The Borrower shall also pay any amounts owing pursuant to Section 2.10(d) in connection with any payment made under this Section 2.6. 
 Section 2.7 Interest. 
 (a) Rate of Interest. Except as
otherwise provided in Section 2.7(c) and Section 2.10, the Borrower shall pay interest (i) in the case of the Loans, at the Index Rate plus the Applicable Margin per annum or, at the election (or deemed election) of the Borrower, the
applicable LIBOR plus the Applicable Margin per annum and (ii) in the case of all other Obligations that are due and payable, at the Index Rate plus the Applicable Margin per annum. 

(b) Interest Payments. Interest accrued on the Loans shall be payable to the Administrative Agent, for the ratable benefit of the
applicable Lenders, in arrears on each Interest 

  
 51 

 
Payment Date, upon the payment thereof in whole or in part, and, if not previously paid in full, at maturity (whether by acceleration or otherwise). Interest on the Loans shall be calculated on
the basis of a year of 360 days (or in the case of interest calculated based upon clause (i), (ii) or (iv) of the definition of Index Rate, a 365/366 day year) and actual number of days elapsed. 

(c) Default Interest. Notwithstanding the rate of interest specified in Section 2.7(a), effective immediately upon
(i) the occurrence of any Event of Default under Sections 7.1(a) (with respect to principal due on either Maturity Date and scheduled interest payments only), 7.1(f) or 7.1(g) or (ii) the delivery of a notice by the Administrative Agent or
the Requisite Lenders to the Borrower declaring default interest to be payable during the continuance of any other Event of Default and, in each case, for as long as such Event of Default shall be continuing, the principal balance of all Obligations
(including any Obligation that bears interest by reference to the rate applicable to any other Obligation) then due and payable shall bear interest at a rate that is 2% per annum in excess of the interest rate applicable to such Obligations
from time to time, payable on demand or, in the absence of demand, on the date that would otherwise be applicable. 
 (d)
Conversion/Continuation. So long as no Event of Default has occurred and is continuing, the Borrower shall have the option to (i) convert at any time all or any part of the outstanding Loans from Index Rate Loans to LIBOR Loans,
(ii) convert any LIBOR Loan to an Index Rate Loan, subject to payment of LIBOR breakage costs in accordance with Section 2.10(d) if such conversion is made prior to the expiration of the LIBOR Period applicable thereto, or
(iii) continue all or any portion of any Loan as a LIBOR Loan upon the expiration of the applicable LIBOR Period, and the succeeding LIBOR Period of that continued Loan shall commence on the first day after the last day of the LIBOR Period of
the Loan to be continued. Any Loan or group of Loans having the same proposed LIBOR Period to be made or continued as, or converted into, a LIBOR Loan must be in a minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of such
amount. Any such election must be made by 11:00 a.m. (New York City time) on the third Business Day prior to (1) the date of any proposed Loan which is to bear interest at LIBOR, (2) the end of each LIBOR Period with respect to any LIBOR
Loans to be continued as such, or (3) the date on which the Borrower wishes to convert any Index Rate Loan to a LIBOR Loan for a LIBOR Period designated by the Borrower in such election. If no election is received with respect to a LIBOR Loan
by 11:00 a.m. (New York City time) on the third Business Day prior to the end of the LIBOR Period with respect thereto (or if an Event of Default has occurred and is continuing), the Borrower shall be deemed to have elected to continue such Loan as
a LIBOR Loan pursuant to clause (iii) above with the same duration LIBOR Period as the LIBOR Period applicable to the Loan being continued. If the Borrower requests a continuation of LIBOR Loans but fails to specify a LIBOR Period, the Borrower
shall be deemed to have elected to continue such Loan as a LIBOR Loan pursuant to clause (iii) above with the same duration LIBOR Period as the LIBOR Period applicable to the Loan being continued. If the Borrower requests a conversion to LIBOR
Loans but fails to specify a LIBOR Period, the Borrower shall be deemed to have elected to convert such Loan to a LIBOR Loan with a LIBOR Period of one month. In each case except in the case of a deemed election in accordance with the third
preceding sentence, the Borrower must make such election by notice to the Administrative Agent in writing, by telecopy, email or other electronic means or overnight courier and, in the case of any conversion or continuation, such election must be
made pursuant to a written notice (a “Notice of Conversion/Continuation”) in the form of Exhibit K. 

Section 2.8 Fees. 
 (a) Administrative Agency Fee. The Borrower shall pay to the Administrative Agent, for the Administrative Agent’s own account, an administrative fee at the times and in the amounts set forth
in the Administrative Agent Fee Letter. 

  
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 (b) Fees Non-Refundable. All fees payable hereunder shall be paid on the dates due,
in immediately available funds, to the Administrative Agent. Fees paid shall not be refundable under any circumstances. 

Section 2.9 Payments and Computations. 
 (a) Payments. The Borrower shall make each payment hereunder (including fees and expenses) not later than 12:00 noon (New York City time) on the day when due, in Dollars, to the Administrative
Agent at the Collection Account, in immediately available funds without set-off, defense, recoupment or counterclaim. All payments in respect of any Obligations shall at all times be made to the Administrative Agent, whether or not a demand shall
have been made. The Administrative Agent will promptly cause all such payments received by it to be distributed to the Persons entitled thereto in accordance with Section 2.5, Section 2.6 or Section 2.9(d), as applicable. Payments
received by the Administrative Agent after 12:00 noon (New York City time) shall be deemed to be received on the next Business Day. 
 (b) Computation. Each determination by the Administrative Agent of an interest rate and fees hereunder shall be conclusive and binding for all purposes, absent manifest error. 

(c) Payments on Business Days. Except as otherwise expressly provided herein, whenever any payment hereunder shall be stated to be
due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be. 

(d) Application of Payments—No Event of Default. So long as no Event of Default under any of clauses (a) (including any
failure to pay all amounts hereunder upon acceleration as a result of any other Event of Default), (f) or (g) of Section 7.1 has occurred and is continuing or would result therefrom, the Administrative Agent shall apply all payments
in respect of any Obligations in the following order: 
 (i) first, to pay any fees then due and payable under
Section 2.8(a) to the Administrative Agent; 
 (ii) second, to pay interest then due and payable in respect
of the Loan to the Lenders on a pro rata basis; 
 (iii) third, to pay principal then due and payable on the
Loans to the Lenders, on a pro rata basis; and 
 (iv) fourth, to pay any other Obligations then due and payable
to the Administrative Agent and the Lenders, on a pro rata basis. 
 (e) Application of Payments After Event of Default.
After the occurrence and during the continuance of an Event of Default under any of clauses (a) (including any failure to pay all amounts hereunder upon acceleration as a result of any other Event of Default), (f) or (g) of
Section 7.1, the Administrative Agent shall apply all payments in respect of any Secured Obligations (including amounts received by the Administrative Agent upon the exercise of remedies under the Collateral Documents) in the following order:

  
 53 

 (i) first, to pay Obligations in respect of any expenses, fees, indemnities
or other sums (excluding principal and interest) owing hereunder then due to the Administrative Agent in its capacity as such; 
 (ii) second, to pay Obligations in respect of any expenses, fees, indemnities or other sums owing hereunder not referred to in clauses (iii) and (iv) below then due to the Lenders, on a pro rata
basis; 
 (iii) third, to pay on a pro rata basis interest then due and payable in respect of the Loans to the
Lenders; 
 (iv) fourth, to pay or prepay principal payments on the Loans to the Lenders and to pay amounts owing
with respect to the Secured Hedging Contracts, on a pro rata basis (with such pro rata allocation to be adjusted such that no payment made by a Guarantor who is not a Qualified ECP Guarantor, and no proceeds derived from Collateral in which a
security interest is granted by a Person who is not a Qualified ECP Guarantor, shall be applied to any amounts owing in respect of any Hedging Liability that is an Excluded Swap Obligation); and 

(v) fifth, to pay any other Secured Obligations then due and payable to the Secured Parties, on a pro rata basis.

 (f) Funding Defaults. Unless the Borrower has notified the Administrative Agent, prior to the date any payment is
required to be made by it to the Administrative Agent hereunder, that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has timely made such payment and may (but shall not be so required to), in reliance
thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then each Lender shall forthwith on demand repay
to the Administrative Agent the portion of such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon in respect of each day from and including the date such amount was made available
by the Administrative Agent to such Lender to the date such amount is repaid to the Administrative Agent in immediately available funds (at the applicable Federal Funds Rate from time to time in effect for the first Business Day and thereafter, at
the rate applicable to Index Rate Loans). A notice of the Administrative Agent to the Lenders with respect to any amount owing under this Section 2.9(f) shall be conclusive, absent manifest error. 

Section 2.10 Certain Provisions Governing the Loan. 
 (a) Interest Rate Unascertainable, Inadequate or Unfair. In the event that (i) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable
interest rates by reference to which LIBOR is determined or (ii) the Requisite Lenders notify the Administrative Agent that LIBOR for any LIBOR Period will not adequately reflect the cost to the Lenders of making or maintaining the Loan for
such LIBOR Period, the Administrative Agent shall promptly so notify the Borrower and the Lenders, whereupon the obligation of each Lender to make or to continue LIBOR Loans shall be suspended as provided in clause (e) below until the
Administrative Agent shall notify the Borrower that the Requisite Lenders have determined that the circumstances causing such suspension no longer exist. 
 (b) Increased Costs. If at any time any Lender shall determine that, as a result of the introduction of or any change after the date hereof in or in the interpretation of any law, treaty or
governmental rule, regulation or order or the compliance by such Lender with any guideline, request or directive after the date hereof from any central bank or other Governmental Authority (whether or not

  
 54 

 
having the force of law), there shall be any increase in the cost to such Lender of agreeing to make or making, funding, guaranteeing or maintaining any portion of the Loan (except in respect of
Taxes), then the Borrower shall from time to time, within five (5) Business Days of a demand (which demand shall be accompanied by a statement setting forth the basis for such demand and a calculation of the amount thereof in reasonable detail)
by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided that no Lender
shall be entitled to claim any such additional amount for amounts incurred more than six (6) months prior to the making of such demand or to claim any such additional amount if (i) a claim arises solely through circumstances peculiar to
such Lender and which do not affect commercial banks in the jurisdiction of organization of such Lender, (ii) the claim arises out of a voluntary relocation by such Lender or of its applicable lending office or (iii) such Lender is not
seeking similar compensation for such costs from its borrowers generally in similarly affected commercial loans of a similar size. Notwithstanding any herein to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and all
requests, rules, guidelines and directives promulgated thereunder and any rules, guidelines and directives promulgated pursuant to Basel III, are deemed to have been introduced or adopted after the date hereof, regardless of the date enacted or
adopted. A certificate as to the amount of such increased cost, submitted to the Borrower (and the Administrative Agent) by such Lender shall be conclusive and binding for all purposes, absent manifest error. Each Lender shall promptly notify in
writing the Borrower and the Administrative Agent of any event of which such Lender has knowledge, occurring after the date hereof, which would entitle such Lender to compensation pursuant to this Section 2.10(b) and will designate a different
lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Lender be otherwise disadvantageous to it. 

(c) Illegality. If any Lender determines that the introduction of, or any change in or in the interpretation of, any Requirement
of Law after the date of this Agreement shall make it unlawful, or any Governmental Authority shall assert that it is unlawful, for any Lender or its applicable Lending Office to make LIBOR Loans or to continue to fund or maintain LIBOR Loans, then,
on notice thereof and demand therefor by such Lender to the Borrower through the Administrative Agent, the obligation of such Lender to make or to continue LIBOR Loans shall be suspended as provided in clause (e) below until such Lender shall,
through the Administrative Agent, notify the Borrower that it has determined that it may lawfully make LIBOR Loans. 
 (d)
Breakage Costs. In addition to all amounts required to be paid by the Borrower pursuant to Section 2.6, the Borrower shall compensate each Lender upon demand, for all losses, expenses and liabilities (including any loss or expense
incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender or the termination of any other financial arrangement it may have entered into to fund or maintain or support such Lender’s portion of the
Loan, but excluding Taxes) which that Lender may sustain (i) if for any reason any portion of the Loan is prepaid (including mandatorily pursuant to Section 2.6 or this Section 2.10) on a date which is not the last day of the
applicable LIBOR Period or (ii) as a consequence of any failure by a Borrower to repay any portion of the Loan when required by the terms hereof. The Lender making demand for such compensation shall deliver to the Borrower (with a copy to the
Administrative Agent) concurrently with such demand a written statement as to such losses, expenses and liabilities, and this statement shall be conclusive as to the amount of compensation due to that Lender absent manifest error, and such
compensation shall be paid to the Administrative Agent for the account of such Lender. 
 (e) Effect of Suspension. If
the obligation of any Lender to make or to continue LIBOR Loans is suspended, (i) the obligation of such Lender to convert Index Rate Loans into LIBOR Loans shall be suspended, (ii) such Lender shall make an Index Rate Loan at any time
such Lender would otherwise be obligated to make a LIBOR Loan, (iii) the Borrower may revoke any pending Notice of 

  
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Conversion/Continuation to make or continue any LIBOR Loan or to convert any Index Rate Loan into a LIBOR Loan and (iv) each LIBOR Loan of such Lender shall automatically and immediately
(or, in the case of any suspension pursuant to clause (a) above, on the last day of the current LIBOR Period thereof) be converted into an Index Rate Loan. 
 Section 2.11 Capital Adequacy. If at any time any Lender determines that (a) the adoption of or any change in or in the interpretation of any law, treaty or governmental rule, regulation
or order after the date of this Agreement regarding capital adequacy and liquidity requirements, (b) compliance with any such law, treaty, rule, regulation, or order or (c) compliance with any guideline or request or directive from any
central bank or other Governmental Authority or any accounting board or authority (whether or not a Governmental Authority) which is responsible for the establishment or interpretation of national or international accounting principles (in each
case, whether or not having the force of law) shall have the effect of reducing the rate of return on such Lender’s (or any corporation controlling such Lender’s) capital as a consequence of its obligations hereunder (other than with
respect to Taxes) to a level below that which such Lender or corporation could have achieved but for such adoption, change, compliance or interpretation, then, upon demand from time to time by such Lender (with a copy of such demand to the
Administrative Agent), the Borrower shall within five (5) Business Days of such demand pay to the Administrative Agent for the account of such Lender from time to time as specified by such Lender additional amounts sufficient to compensate such
Lender for such reduction; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section 2.11 for any amounts incurred more than six (6) months prior to the date of such demand or to claim any such
additional amount if (i) a claim arises solely through circumstances peculiar to such Lender and which do not affect commercial banks in the jurisdiction of organization of such Lender, (ii) the claim arises out of a voluntary relocation
by such Lender or of its applicable lending office or (iii) such Lender is not seeking similar compensation for such costs from its borrowers generally in similarly affected commercial loans of a similar size. Notwithstanding anything herein to
the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and all requests, rules, guidelines and directives promulgated thereunder and any rules, guidelines and directives promulgated pursuant to Basel III, are deemed to have
been introduced or adopted after the date hereof, regardless of the date enacted or adopted. A certificate as to such amounts submitted to the Borrower (and the Administrative Agent) by such Lender shall be conclusive and binding for all purposes
absent manifest error. Each Lender shall promptly notify the Borrower and the Administrative Agent of any event of which such Lender or has knowledge, occurring after the date hereof, which would entitle such Lender to compensation pursuant to this
Section 2.11 and will designate a different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Lender, be otherwise disadvantageous to it. For the
avoidance of doubt, any interpretation of Accounting Research Bulletin No. 51 by FASB (including Interpretation No. 46—Consolidation of Variable Interest Entities) shall constitute an adoption, change, request or directive, and any
implementation thereof shall be, subject to this Section 2.11. 
 Section 2.12 Taxes. 

(a) No Withholding, etc. Except as otherwise provided in the next sentence and Section 9.2, any and all payments by the
Obligors under each Loan Document shall be made free and clear of and without deduction for any and all Taxes, excluding (i) in the case of each Lender, each Participant and the Administrative Agent, Taxes measured by its net income and
franchise Taxes, in each case if imposed on it as a result of such Person being organized under the laws of the jurisdiction imposing such Taxes or doing business in such jurisdiction unrelated to the transactions contemplated by any Loan Document,
(ii) in the case of each Lender and each Participant, Taxes measured by its net income and franchise Taxes imposed on it by the jurisdiction in which its Lending Office is located or in which it booked its participation for tax accounting
purposes, (iii) in the case of each Lender, each Participant and the Administrative Agent, Taxes imposed on it as a result of its failure to comply with its 

  
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obligations under Section 2.12(f), Section 2.12(g) or Section 9.2, (iv) in the case of each Lender, each Participant and the Administrative Agent (A) that is a party
hereto or Participant, as the case may be, on the Closing Date, United States federal withholding Taxes except to the extent imposed as a result of a change in applicable law, including income tax conventions, after the Closing Date and
(B) that becomes a party hereto or Participant, as the case may be, after the Closing Date, United States federal withholding Taxes except to the extent imposed as a result of a change in applicable law, including income tax conventions, after
the date of the Assignment and Acceptance pursuant to which it becomes a Lender or after the date such Person becomes a Participant, or the Administrative Agent, as applicable, (v) Taxes imposed as a result of such Person’s gross
negligence or willful misconduct, and (vi) any Taxes imposed under FATCA (all such non-excluded Taxes being hereinafter referred to as “Indemnified Taxes”). If any Indemnified Taxes shall be required by law to be deducted from
or in respect of any sum payable under any Loan Document to any Lender, or the Administrative Agent (1) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section 2.12) such Lender or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (2) the Obligors shall make such
deductions, and (3) the Obligors shall pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable law. 
 (b) Other Taxes. In addition, the Obligors agree to pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies of the United States or any
political subdivision thereof or any applicable foreign jurisdiction which arise from any payment made under any Loan Document or from the execution, delivery or registration of, or otherwise with respect to, any Loan Document (collectively,
“Other Taxes”) to the Administrative Agent for the account of the affected party. 
 (c) Tax Indemnity.
The Obligors will indemnify each Lender and the Administrative Agent for the full amount of Indemnified Taxes or Other Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 2.12) paid by such Lender or the
Administrative Agent (as the case may be) and any liability (including for penalties, interest and expenses) arising therefrom or with respect thereto, other than any liability, including for penalties, interest and expenses, arising from the gross
negligence or willful misconduct of the Lender or the Administrative Agent, as the case may be. This indemnification shall be made to the Administrative Agent for account of the relevant Lender or the Administrative Agent, as the case may be, within
30 days from the date such Lender or the Administrative Agent (as the case may be) makes written demand therefor (with a copy to the Administrative Agent if made by a Lender and accompanied by a statement setting forth the basis for such taxation
and the calculation of the amount thereof in reasonable detail). 
 (d) Evidence of Payment. Within 30 days after the
date of any payment of Indemnified Taxes or Other Taxes, the Obligors will furnish to the Administrative Agent the original or a certified copy of a receipt evidencing payment thereof or other documentation reasonably satisfactory to the
Administrative Agent. 
 (e) Survival. Without prejudice to the survival of any other agreement of the Obligors
hereunder, the agreements and obligations of the parties contained in this Section 2.12 shall survive the payment in full of the Obligations. 
 (f) Certain Withholding Tax Matters. 
 (i) If any Lender,
any Participant or the Administrative Agent is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document, it shall deliver to the Borrower and the Administrative Agent, at the time or times

  
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reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, each Lender, each Participant and the Administrative Agent if reasonably requested by the Borrower or the Administrative Agent, shall deliver such
other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender, Participant or the Administrative
Agent 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 2.12(f)(ii)(1), (ii)(2) and (ii)(4) below) shall not be required if in the Lender’s, Participant’s or Administrative Agent’s reasonable judgment such completion, execution or submission would subject it to any
material unreimbursed cost or expense or would materially prejudice its legal or commercial position. 
 (ii)
Without limiting the generality of the foregoing, 
 (1) if any Lender, any Participant or the Administrative
Agent is a United States person (as defined in Section 7701(a)(30) of the Internal Revenue Code), it shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender, Participant or Administrative Agent
becomes a Lender, Participant or Administrative Agent under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender,
Participant or Administrative Agent is exempt from U.S. federal backup withholding tax; 
 (2) if any Lender, any
Participant or the Administrative Agent is a Non-U.S. Person, it shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior
to the date on which such Lender, Participant or Administrative Agent becomes a Lender, Participant or Administrative Agent under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), whichever of the following is applicable: 
 (A) in the case such Lender or Participant claiming the
benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 
 (B) executed originals of IRS Form W-8ECI; 
 (C) in the case of
such Lender or Participant claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit N-1 to the effect that such Lender or
Participant is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder” of the 

  
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Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal
Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or 
 (D) to the extent such Lender, Participant or Administrative Agent is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax
Compliance Certificate substantially in the form of Exhibit N-2 or Exhibit N-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if such Lender or Participant is a partnership
and one or more direct or indirect partners of such Lender or Participant are claiming the portfolio interest exemption, such Lender or Participant may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit N-4 on
behalf of each such direct and indirect partner; 
 (3) if any Lender, any Participant or the Administrative
Agent is a Non-U.S. Person, it shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Lender,
Participant or Administrative Agent becomes a Lender, Participant or Administrative Agent under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of any
other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the
Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 
 (4) if
a payment made to a Lender, a Participant or the Administrative Agent under any Loan Document would be subject to withholding Tax imposed by FATCA if such Lender, Participant or Administrative Agent were to fail to comply with the applicable
reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Lender, Participant or the Administrative Agent shall deliver to the Borrower and the Administrative
Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Internal Revenue Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine
that such Lender, Participant or Administrative Agent has complied with such Lender’s, Participant’s or Administrative Agent’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. 

Each Lender, each Participant and the Administrative Agent agrees that if any form or certification it previously delivered expires or becomes obsolete
or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(g) Mitigation. Any Lender claiming any additional amounts payable pursuant to this Section 2.12 shall use its reasonable
efforts (consistent with its internal policy and legal and 

  
 59 

 
regulatory restrictions) to change the jurisdiction of its Lending Office if the making of such a change would avoid the need for, or reduce the amount of, any such additional amounts which would
be payable or may thereafter accrue and would not, in the reasonable judgment of such Lender after consultation with the Borrower, be otherwise disadvantageous to such Lender. 
 (h) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to
this Section 2.12 (including by the payment of additional amounts pursuant to this Section 2.12), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section
with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) 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 repay to such indemnified party the amount paid over pursuant to this Section 2.12(h) (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 2.12(h), in no event will the indemnified party be
required to pay any amount to an indemnifying party pursuant to this Section 2.12(h) 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 paragraph 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. 

Section 2.13 Substitution of Lenders. 
 (a) In the event that any Lender (an “Affected Lender”) (i) makes a claim under Section 2.10(b) or Section 2.11, (ii) notifies the Borrower pursuant to
Section 2.10(c) that it becomes illegal for such Lender to continue to fund or make any LIBOR Loans or (iii) is entitled to (and does not waive) any increased payment attributable to Indemnified Taxes or makes a claim for payment pursuant
to Section 2.12(a) or 2.12(c), the Borrower may either pay in full the Obligations owed to such Affected Lender (which, for the avoidance of doubt, shall not include payment of any amount pursuant to Section 2.5(d)) or substitute for such
Affected Lender any Lender or any Affiliate or Approved Fund of any Lender or any other Eligible Lender acceptable (which acceptance shall not be unreasonably withheld or delayed) to the Administrative Agent (in each case, a “Substitute
Lender”). 
 (b) To substitute such Affected Lender or pay in full the Obligations owed to such Affected Lender, the
Borrower shall deliver a notice to the Administrative Agent and such Affected Lender. The effectiveness of such payment or substitution shall be subject to the delivery to the Administrative Agent by the Borrower (or, as may be applicable in the
case of a substitution, by the Substitute Lender) of (i) payment for the account of such Affected Lender, of, to the extent accrued through, and outstanding on, the effective date for such payment or substitution, all Obligations owing to such
Affected Lender (including those that will be owed because of such payment), and (ii) in the case of a substitution, (A) payment of the assignment fee set forth in Section 9.2(b) and (B) an assumption agreement in form and
substance satisfactory to the Administrative Agent whereby the Substitute Lender shall, among other things, agree to be bound by the terms of the Loan Documents. 
 (c) Upon satisfaction of the conditions set forth in clause (b) above, the Administrative Agent shall record such substitution or payment in the Register, whereupon in the case of any substitution,
(i) the Affected Lender shall sell and be relieved of, and the Substitute Lender shall 

  
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purchase and assume, all rights and claims of such Affected Lender under the Loan Documents, except that the Affected Lender shall retain such rights expressly providing that they survive the
repayment of the Obligations and the termination of the Commitments, (ii) the Substitute Lender shall become a “Lender” hereunder and (iii) the Affected Lender shall execute and deliver to the Administrative Agent an Assignment
and Acceptance to evidence such substitution and deliver any Note in its possession; provided, however, that the failure of any Affected Lender to execute any such Assignment and Acceptance or deliver any such Note shall not render
such sale and purchase (or the corresponding assignment) invalid. 
 Section 2.14 Incremental Term Facilities.

 (a) The Borrower may, at any time or from time to time after the Closing Date, on one or more occasions, by notice to the
Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request one or more additional tranches of term loans (the commitments thereof, the “Incremental Term Commitments”, the
loans thereunder, the “Incremental Term Loans”, and a Person making such loans, an “Incremental Term Lender”), and any such Incremental Term Loans shall be subject to the following: 

(i) no Default or Event of Default shall exist on the Incremental Facility Closing Date with respect to any Incremental
Amendment entered into in connection therewith (and after giving effect to such Incremental Term Loans made thereunder); 
 (ii) on the Incremental Facility Closing Date with respect to any Incremental Amendment (and after giving effect to such Incremental Term Loans made thereunder), the Borrower shall be in compliance with
Section 6.3; 
 (iii) immediately after giving effect to the issuance of such Incremental Term Loans and the
addition of additional Appraised Collateral, if any, to the Collateral by any Obligor on the Incremental Facility Closing Date, no Collateral Coverage Failure will have occured; 

(iv) such Incremental Term Loans shall not mature earlier than the earliest Maturity Date applicable to any Loan
outstanding on the applicable Incremental Facility Closing Date; 
 (v) such Incremental Term Loans shall have a
Weighted Average Life to Maturity no shorter than the Weighted Average Life to Maturity of any Loans outstanding on the applicable Incremental Facility Closing Date; 

(vi) subject to clauses (iv) and (v) above, the interest rates and the amortization schedule applicable to such
Incremental Term Loans shall be determined by the Borrower and the Incremental Term Lenders making such Incremental Term Loans; 
 (vii) all fees and expenses owing to the Administrative Agent and the Joint Lead Arrangers and Joint Bookrunners shall have been paid on or prior to the applicable Incremental Facility Closing Date;

 (viii) with respect to the Incremental Amendment for such Incremental Term Loans, if the all-in-yield (as
determined by the Borrower and Incremental Term Lenders making such Incremental Term Loans) with respect to such Incremental Term Loans (whether in the form of interest rate margins, original issue discount (equated to interest based on an assumed
four-year life to maturity), upfront fees (which shall be deemed to constitute like amount of original issue discount) or a LIBOR or Index Rate floor that exceeds 1.0% or 1.0%, respectively (with any such

  
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excess amount being equated to interest margin based on an assumed four-year life to maturity for purposes of determining any increase (as described below) to the Applicable Margin for the
applicable Class of Loans), but excluding any arrangement, structuring or other fees payable in connection therewith) exceeds the all-in yield (after giving effect to (x) interest rate margins (including LIBOR and Index Rate floors, if any),
original issue discount (equated to interest based on an assumed four-year life to maturity) and upfront fees (which shall be deemed to constitute like amount of original issue discount) paid in connection with the initial primary syndication of the
Term Facility, but excluding any arrangement, structuring or other fees payable in connection therewith and (y) any amendments to the Applicable Margin in effect prior to the applicable Incremental Facility Closing Date) of any Class of Loans
made on the Closing Date and outstanding on the applicable Incremental Facility Closing Date by more than 50 basis points (the amount of such excess above 50 basis points being referred to herein as the “Incremental Yield
Differential”), then, upon the effectiveness of such Incremental Amendment, the Applicable Margin then in effect for such Class of Loans then outstanding shall be automatically increased by the Incremental Yield Differential;
provided that this clause (viii) shall apply to (x) both Tranche B1 Term Loans and Tranche B2 Term Loans if the maturity date of such Incremental Term Loans is later than the Tranche B2 Term Maturity Date and earlier than the
Tranche B1 Term Maturity Date and (x) only the Tranche B1 Term Loans if the maturity date of such Incremental Term Loans is the same as or later than the Tranche B1 Term Loan Maturity Date. 

(b) Except as set forth in Section 2.14(a), each tranche of Incremental Term Loans shall be treated substantially the same as the
outstanding Loans, including without limitation to be secured on a pari passu basis by the same Collateral (including any additional Collateral) and with respect to mandatory and voluntary prepayments (unless the applicable Incremental Term
Lenders agree to a less than pro rata share of such prepayments), the Guaranty, any other guarantees in respect of any Term Facility or any of the Obligations and the Collateral Documents. Each notice from the Borrower to the Administrative Agent
pursuant to Section 2.14(a) shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans. 
 (c) Incremental Term Loans may be made by any existing Lender or any Additional Lender (provided that no Lender shall be obligated to make a portion of any Incremental Term Loan), in each case on the
terms permitted in this Section 2.14, and, to the extent not permitted in this Section 2.14, all terms and documentation with respect to any Incremental Term Loans which (i) are not inconsistent with the terms of the Loan Documents or
(ii) relate to provisions of a mechanical or administrative nature shall in each case be reasonably satisfactory to the Administrative Agent and the Borrower; provided that (i) the Administrative Agent shall have consented (such
consent not to be unreasonably withheld, conditioned or delayed) and (ii) the Borrower shall have consented to any Lender or Additional Lender’s making such Incremental Term Loans if such consent would be required under Section 9.2
for an assignment of Loans to such Lender or Additional Lender. Commitments in respect of Incremental Term Loans shall become Commitments under this Agreement pursuant to an amendment (an “Incremental Amendment”) to this Agreement
and, as appropriate, the other Loan Documents, executed by the Borrower, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, and the Administrative Agent. The Incremental Amendment may, without the consent of any
other Lenders, 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 Borrower, to give effect to the provisions of this
Section 2.14. The effectiveness of any Incremental Amendment shall be (unless waived by the Additional Lenders) subject to the satisfaction of the conditions set forth in Article III (it being understood that all references to the date of any
Borrowing in Article III shall be deemed to refer to the Incremental Facility Closing Date) and such other conditions, in each case as the parties thereto shall agree (the effective date of any such Incremental Amendment, an “Incremental
Facility Closing Date”). 

  
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The Borrower will use the proceeds of the Incremental Term Loans for any purpose not prohibited by this Agreement. No Lender shall be obligated to provide any Incremental Term Loans unless it so
agrees. 
 (d) Notwithstanding anything to the contrary herein, this Section 2.14 shall supersede any provisions in
Sections 9.1, 9.2 or 9.6 to the contrary and the Borrower and the Administrative Agent may amend Section 9.6 to implement any Incremental Amendment. 
 Section 2.15 Loan Modification Offers. 
 (a) The Borrower may, at any
time or from time to time after the Closing Date, on one or more occasions, by written notice to the Administrative Agent, make one or more offers (each, a “Loan Modification Offer”) to all the Lenders of one or more Classes of
Tranche B2 Term Loans on the same terms to each such Lender (each Class subject to such a Loan Modification Offer, a “Specified Class”) to make one or more Permitted Amendments pursuant to procedures reasonably specified by the
Administrative Agent and reasonably acceptable to the Borrower; provided that (i) any such offer shall be made by the Borrower to all Lenders with Tranche B2 Term Loans with a like maturity date (whether under one or more tranches) on a
pro rata basis (based on the aggregate outstanding principal amount of the applicable Loans), (ii) no Default or Event of Default shall have occurred and be continuing at the time of any such offer and (iii) any applicable Minimum
Extension Condition shall be satisfied unless waived by the Borrower. Such notice shall set forth (i) the terms and conditions of the requested Permitted Amendment and (ii) the date on which such Permitted Amendment is requested to become
effective (which shall not be less than five Business Days nor more than forty-five Business Days after the date of such offer, unless otherwise agreed to by the Administrative Agent); provided that, notwithstanding anything herein to the
contrary, (x) assignments and participations of Specified Classes shall be governed by the same or, at the Borrower’s discretion, more restrictive assignment and participation provisions than those set forth in Section 9.2, and
(y) no repayment of Specified Classes shall be permitted unless such repayment is accompanied by an at least pro rata repayment of all earlier maturing Loans (including previously extended Loans) (or all earlier maturing Loans (including
previously extended Loans) shall otherwise be or have been terminated and repaid in full). Permitted Amendments shall become effective only with respect to the Loans of the Lenders of the Specified Class that accept the applicable Loan Modification
Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and Commitments of such Specified Class as to which such Lender’s acceptance has been made.
No Lender shall have any obligation to accept any Loan Modification Offer. 
 (b) A Permitted Amendment shall be effected
pursuant to an amendment to this Agreement (a “Loan Modification Agreement”) executed and delivered by the Borrower, each applicable Accepting Lender and the Administrative Agent. The Administrative Agent shall promptly notify each
Lender as to the effectiveness of each Loan Modification Agreement. Each Loan Modification Agreement may, without the consent of any Lender other than the applicable Accepting Lenders, 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 Borrower, to give effect to the provisions of this Section 2.15, including any amendments necessary to treat the applicable Loans of the
Accepting Lenders as a new Class of loans hereunder; provided that (x) no Loan Modification Agreement may provide for (i) any Specified Class to be secured by any Collateral or other assets of any Obligor not also securing the Loans
and (ii) so long as any Loans are outstanding, any mandatory or voluntary prepayment provisions that do not also apply to the Loans on a pro rata basis, and (y) the terms and conditions of the applicable Loans of the Accepting Lenders
(excluding pricing, fees, rate floors and optional prepayment or redemption terms) shall be substantially identical to, or (taken as a whole) shall be no more favorable to the Accepting Lenders than those applicable to the Specified Class (except
for financial covenants or 

  
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other covenants or provisions applicable only to periods after the latest Maturity Date at the time of such Loan Modification Offer, as may be agreed by the Borrower and the Accepting Lenders).

 (c) The Borrower may at its election specify as a condition (a “Minimum Extension Condition”) to
consummating any such Loan Modification Agreement that a minimum amount (to be determined and specified in the relevant Loan Modification Offer in the Borrower’s sole discretion and may be waived by the Borrower) of Loans of any or all
applicable Classes be extended. 
 (d) Notwithstanding anything to the contrary in this Agreement, this Section 2.15 shall
supersede any provisions in Sections 9.1 or 9.6 to the contrary and the Borrower and the Administrative Agent may amend Section 9.6 to implement any Loan Modification Agreement. 

ARTICLE III 

CONDITIONS PRECEDENT 
 The obligation of each Lender to make the Loan to be made by it hereunder is subject to the following conditions being satisfied, or waived in accordance with Section 9.1, on the Closing Date:

 (a) Certain Agreements and Documents. The Administrative Agent shall have received on or prior to the Closing Date
each of the following, each dated as of the Closing Date, in form and substance reasonably satisfactory to the Administrative Agent and the Lenders: 
 (i) this Agreement, duly executed and delivered by the parties hereto; 
 (ii) the Notes, duly executed by the Borrower and conforming to the requirements set forth in Section 2.3(h), to the extent requested by each Lender; 

(iii) the Guaranty, duly executed and delivered by each Guarantor; 

(iv) each applicable Collateral Document, duly executed and delivered by the applicable Obligors, together in each case
with evidence of the perfection and first priority of the Liens created thereby, subject to Section 5.18; 

(v) a Collateral Value Certificate, duly executed and delivered by the Borrower; 

(vi) a Notice of Borrowing, duly executed by the Borrower; 

(vii) the favorable opinions of (A) Latham & Watkins LLP, special counsel to the Obligors, (B) Squire
Sanders (US) LLP, special local counsel to the Obligors in Maryland, (C) Ballard Spahr LLP, special local counsel to the Obligors in Pennsylvania, and (D) special local counsel with respect to the laws of England and Wales; 

(viii) a certificate of each Obligor signed on behalf of such Person by its Secretary or an Assistant Secretary
(A) certifying the names and true signatures of each officer of such Person who has been authorized to execute and deliver each Loan Document required to be executed and delivered on or prior to the Closing Date by or on behalf of such Person
hereunder or thereunder (or that there have been no changes from the officers so authorized on the Closing Date), (B) attaching the organizational documents of such Person, and (C) the resolutions of such Person’s board of directors
approving and authorizing the execution, delivery and performance of each 

  
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Loan Document required to be executed and delivered on or prior to the Closing Date to which it is a party; 

(ix) an Officer’s Certificate of the Borrower certifying (A) that all representations and warranties in Article
IV hereof are true and correct in all material respects on and as of the Closing Date, as though made on and as of such date (except to the extent any such representation or warranty by its terms is made as of a different specified date in which
event such representation or warranty shall be true and correct in all material respects as of such specified date and, provided, that if any such representation or warranty is already qualified by materiality, then such representation and warranty
shall be true and correct in all respects (provided further, however, that any representation or warranty that excludes circumstances that would not result in a Material Adverse Effect shall not be considered to be qualified by materiality)), and
(B) that no Default or Event of Default has occurred and is continuing; 
 (x) an Officer’s Certificate
of the Borrower certifying that after giving effect to the Loans to be made on the Closing Date and the payment of all transaction costs in connection with the foregoing, the Obligors taken as a whole are Solvent; and 

(xi) a copy of a good standing certificate for each Obligor in the state of its incorporation or organization. 

(b) Fees and Expenses Paid. The Borrower shall have paid all fees due and payable on the Closing Date (including, without
limitation, the fees referenced in Section 2.8), and all expenses of the Administrative Agent and its Affiliates due and payable on or before the Closing Date. 
 (c) Consents, Etc. All governmental and third party consents pursuant to any material Contractual Obligation necessary in connection with the financing contemplated hereby, other than those listed
on Schedule 3(c) hereto, shall have been obtained, in form and substance reasonably satisfactory to the Administrative Agent, and be in full force and effect. 
 (d) Representations and Warranties of the Obligors. All representations and warranties set forth in Article IV hereof shall be true and correct in all material respects on and as of the Closing
Date as though made on and as of such date (except to the extent any such representation or warranty by its terms is made as of a different specified date in which event such representation or warranty shall be true and correct in all material
respects as of such specified date). 
 (e) No Event of Default. No Default or Event of Default shall have occurred and
be continuing. 
 (f) Existing Loan Agreements. The Administrative Agent and the Lenders shall have received satisfactory
evidence that all amounts owing under the Existing Loan Agreements (including, without limitation, interest, fees and expenses) and amounts owing under the PK Loan Agreement relating to the Collateral have been repaid in full or discharged and that
all Liens under the Existing Loan Agreements and certain Liens under the PK Loan Agreement relating to the Collateral have been released. 
 (g) Baseline Appraisals. The Administrative Agent and the Lenders shall have received the Baseline Appraisals, demonstrating that no Collateral Coverage Failure shall have occurred as of the
Closing Date. 

  
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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 To induce the other parties (excluding any other
Obligors) to enter into this Agreement, each of the Obligors represents and warrants to each other party hereto (excluding any other Obligors) that, on and as of the Closing Date: 

Section 4.1 Organization, Qualification, Subsidiaries, etc. 

(a) Organization, Power and Authority. Each Obligor and each of their respective Subsidiaries is a corporation or limited
liability company, as applicable, duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. Each Obligor and each of their respective Restricted Subsidiaries has all requisite corporate power and
authority, or limited liability company power and authority, as applicable, to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to
carry out the transactions contemplated hereby and thereby. 
 (b) Foreign Qualification; “Air Carrier Status.”
Each Obligor is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good
standing could not reasonably be expected to have a Material Adverse Effect. Each Air Carrier holds a certificate under Section 41102 of Title 49. Each Air Carrier and any other Obligor engaged in operations as an “air carrier” is a
“citizen of the United States” within the meaning of Section 40102(a)(15) of Title 49, as interpreted by the United States Department of Transportation (a “United States Citizen”) and holds an air carrier operating
certificate issued pursuant to Chapter 447 of Title 49 for aircraft capable of carrying 10 or more individuals or 6,000 pounds or more of cargo. Each Obligor possesses all necessary certificates, franchises, licenses, permits, rights and concessions
and consents which are required for the conduct of its business and operations as currently conducted (including in the case of each Obligor engaged in operations as an “air carrier”, the operation of the routes flown by it), except where
the failure to so possess would not, in the aggregate, have a Material Adverse Effect. 
 (c) Subsidiaries. All of the
Subsidiaries of each Obligor, in each case, as of the Closing Date, are identified in Schedule 4.1(c). Schedule 4.1(c) correctly sets forth as of the Closing Date the equity and voting interest of Holdings in each of the
Subsidiaries identified therein. There are no limitations on the rights of the Borrower to vote the Capital Stock it owns of any Person listed on Schedule 4.1(c). Airways Assurance Limited, a Bermuda corporation, is a wholly-owned
Subsidiary of Holdings whose business is limited to securing insurance for the Obligors. US Airways Company Store, LLC, an Arizona limited liability company, is a wholly-owned Subsidiary of Holdings whose business is limited to operation of the US
Airways company store. 
 (d) Obligor Information. Schedule 4.1(d) sets forth as of the Closing Date the name,
address of principal place of business and taxpayer identification number of the Borrower and each other Obligor. 

Section 4.2 Authorization of Loan Documents, etc. 
 (a) Authorization. Each Obligor has duly authorized by all necessary corporate action the execution, delivery and performance of the Loan Documents to which it is a party. 

  
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 (b) No Conflicts. The execution, delivery and performance by each Obligor of the Loan
Documents and the consummation of the transactions contemplated by the Loan Documents to which it is a party do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to any Obligor, the
certificate or articles of incorporation or bylaws of any Obligor, or any order, judgment or decree of any court or other agency of government binding on any Obligor, (ii) conflict with, result in a breach of or constitute (with due notice or
lapse of time or both) a default or require any payment under (A) any Loan Document or (B) any other Contractual Obligation of any Obligor, except that with respect to clause (B), for any such conflict, breach, default or requirement of
payment which could not reasonably be expected to have a Material Adverse Effect, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of any Obligor (other than the Liens created under the
Collateral Documents) or (iv) require any approval of stockholders or any approval or consent of any Person under any Contractual Obligation of any Obligor, except for such approvals or consents (A) which will have been obtained on or
before the Closing Date and have been disclosed in writing to the Administrative Agent or (B) with respect to any Contractual Obligation, which if not obtained, could not reasonably be expected to have a Material Adverse Effect. 

(c) No Consents, Approvals, etc. The execution, delivery and performance by each Obligor of the Loan Documents to which it is a
party and the consummation of the transactions contemplated by the Loan Documents to which it is a party do not and will not require (i) any registration with, consent or approval of, or notice to, or other action to, with or by, any federal,
state or other Governmental Authority or (ii) any registration with, consent or approval of, or material notice to, or other action to, with or by, any other Person, in each case, which is required to be obtained or made on or prior to the
Closing Date and which has not been obtained or made, other than, in each case, (A) the filing of financing statements under the UCC, (B) the filings and consents contemplated by the Collateral Documents, (C) routine reporting
obligations and (D) as is disclosed on Schedule 4.2(c). 
 (d) Execution, Delivery, Enforceability. Each
Obligor has duly executed and delivered each of the Loan Documents to which it is party and each such Loan Document is the legal, valid and binding obligation of such Obligor, enforceable against such Obligor in accordance with its respective terms,
except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws relating to or affecting the enforcement of creditors’ rights generally, including materiality, reasonableness, good faith
and fair dealing, and by general principles of equity (regardless of whether considered in a proceeding in equity or at law). 

Section 4.3 Financial Condition. 
 (a) The Borrower has heretofore delivered to the Administrative Agent (i) the audited consolidated balance sheet of the Borrower as at December 31, 2012, and the related consolidated statements
of income, stockholders’ equity and cash flows of Holdings for the Fiscal Year then ended, and (ii) the audited consolidated balance sheet of Holdings and the related audited consolidated statements of income, stockholders’ equity and
cash flows of Holdings for the fiscal quarter ended March 31, 2013. All such financial statements were prepared in accordance with GAAP and fairly present, in all material respects, the consolidated financial position of such Persons as at the
date thereof and the consolidated results of operations and cash flows of such Person for the respective periods then ended. 

(b) After giving effect to the Loans made on the Closing Date and the payment of all costs and expenses in connection with the foregoing,
the Obligors taken as a whole are Solvent. 
 Section 4.4 No Material Adverse Change; No Defaults. Since
March 31, 2013, except as disclosed in filings with the SEC, there has been no material adverse change to the business or financial condition of Holdings and its Subsidiaries taken as a whole, or in the Borrower’s ability to repay

  
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the Loan or perform its obligations under the Loan Documents. No event or occurrence which would constitute a Default or Event of Default has occurred and is continuing. 

Section 4.5 Title to Collateral; Liens. Each Obligor has (i) good and insurable fee title to (in the case of fee
interests in real property), (ii) valid, and in the case of leasehold interests in real property, insurable, leasehold interests in (in the case of leasehold interests in real or personal property) and (iii) good title to the other
Collateral, in each case, free and clear of Liens (other than Permitted Encumbrances and Liens permitted under Section 6.1). 
 Section 4.6 Litigation. Except as disclosed in the Borrower’s Form 10-K for the fiscal year ended December 31, 2012 or on Schedule 4.6, there are no material actions,
suits, proceedings, arbitrations or investigations (whether or not purportedly on behalf of the Borrower or any other Obligor) at law or in equity or before or by any Governmental Authority pending or, to the knowledge of any Responsible Officer of
any Principal Obligor, threatened against or affecting (in either case, whether asserted or unasserted) any of the Obligors or any property of the Obligors that would reasonably be expected to have a Material Adverse Effect on the Obligors, taken as
a whole, or on the validity and enforceability of the Loan Documents. 
 Section 4.7 Payment of Taxes. The Obligors
and each of their respective Subsidiaries have timely filed all material Tax returns and reports required to have been filed, and have paid or made adequate provision for payment of all material Taxes levied or imposed upon them or their properties
(including the Collateral), income or assets that have become due and payable, except (i) in those instances in which such Taxes are being contested in good faith by appropriate proceedings and for which adequate reserves have been made in
accordance with GAAP or (ii) where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 
 Section 4.8 Performance of Agreements; No Materially Adverse Agreements. 
 (a) No Default. No Obligor is in default in the performance, observance or fulfillment of any Contractual Obligations other than defaults which are not reasonably expected to have a Material
Adverse Effect, and no condition exists that, with the giving of notice or the lapse of time or both, would constitute such a default. 
 (b) No Adverse Agreements. No Obligor is a party to or is otherwise subject to any agreements or instruments or any charter or other internal restrictions which, individually or in the aggregate,
could reasonably be expected to impair the ability of the Obligors, taken as a whole, to perform their payment or other material obligations under the Loan Documents. 
 Section 4.9 Governmental Regulation. No Obligor is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

Section 4.10 Securities Activities. No Obligor is engaged principally in the business of extending credit for the purpose of
purchasing or carrying any Margin Stock (as defined below), and no proceeds of the Loan will be used to buy or carry Margin Stock or to extend credit to any Person for the purpose of buying or carrying any Margin Stock in a manner that violates or
causes a violation of Regulation T, U or X of the Federal Reserve Board. For purposes of this Section 4.10, the term “Margin Stock” has the meaning assigned to that term in Regulation T, U or X of the Federal Reserve Board as in
effect from time to time. 

  
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 Section 4.11 Employee Benefit Plans. 

(a) Schedule 4.11(a) lists each Plan and each Multiemployer Plan maintained or contributed to, or required to be contributed to,
by each Obligor or any of its ERISA Affiliates as of the Closing Date. Each Plan has been operated and administered in compliance with its terms and all applicable requirements of ERISA, the Code and other laws, except where the failure to do so
could not reasonably be expected to have, taking all instances in the aggregate, a Material Adverse Effect. Each Plan intended to qualify under Section 401 of the Internal Revenue Code does so qualify, and any trust created thereunder is exempt
from tax under the provisions of Section 501 of the Internal Revenue Code, except where the failure to do so could not reasonably be expected to have, taking all instances in the aggregate, a Material Adverse Effect. 

(b) Full payment has been made by each Obligor and any of its ERISA Affiliates of all minimum amounts which such entities are required to
pay under the terms of each Plan and Multiemployer Plan except where the failure to so comply, taking all instances in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

(c) No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other ERISA Events for which
liability is reasonably expected to occur, could reasonably be expected to have a Material Adverse Effect. 
 (d) Neither any
Obligor nor any of its ERISA Affiliates maintains or contributes to any employee welfare benefit plan (as defined in Section 3(1) of ERISA) which provides benefits to retired employees or other former employees (other than as required by
Section 601 of ERISA) or any employee pension benefit plan (as defined in Section 3(2) of ERISA), other than a Plan the obligations with respect to which, when taken together with the projected contributions thereto reflected in the
projections and pro forma financial information, could not reasonably be expected to have a Material Adverse Effect. 
 (e) No
Plan maintained by any Obligor or any of its ERISA Affiliates is underfunded (based on the present value of all accumulated benefit obligations thereunder) except to the extent that the aggregate amount of underfunding with respect to all such
Plans, when taken together with the projected contributions thereto reflected in the projections and pro forma financial information heretofore delivered to the Lenders, could not reasonably be expected to have a Material Adverse Effect. 

Section 4.12 Environmental Protection. 
 (a) Compliance with Environmental Laws. All Facilities and operations of each Obligor are, and have been to the knowledge of each Principal Obligor, in compliance with all Environmental Laws except
for any noncompliance which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 (b) Hazardous Materials Activity. Except as disclosed in the Borrower’s Form 10-K for the fiscal year ended December 31, 2012 or on Schedule 4.12(b), there are no, and have
been no, conditions, occurrences, or Hazardous Materials Activity (i) arising at any Facilities or (ii) arising in connection with the operations of the Obligors or of past or current Affiliates of any Obligor (while under the control of a
Principal Obligor or otherwise to the knowledge of a Principal Obligor) (including the transportation of Hazardous Materials in accordance with applicable regulations), which conditions, occurrences or Hazardous Materials Activity could reasonably
be expected to form the basis of an Environmental Claim against any Obligor that would reasonably be expected to have a Material Adverse Effect. 

  
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 (c) Environmental Claims. Except as disclosed in the Borrower’s Form 10-K for
the fiscal year ended December 31, 2012 or on Schedule 4.12(c), there are no pending or, to the knowledge of any Principal Obligor, threatened Environmental Claims against any Obligor, and no Principal Obligor has received any
notices, inquiries, or requests for information with respect to any Environmental Claims that, in either case, would reasonably be expected to have a Material Adverse Effect. 
 (d) Orders, Decrees, etc. No Obligor is currently operating or required to be operating under any compliance order, schedule, decree or agreement, any consent decree, order or agreement, and/or any
corrective action decree, order or agreement issued or entered into under any Environmental Law the failure to comply with which could reasonably be expected to have a Material Adverse Effect. 

Section 4.13 Disclosure. No representation or warranty or certification of any Obligor or of any Responsible Officer of the
Borrower or any other Officer of any Obligor contained in this Agreement, any other Loan Document or in any other document, certificate or written statement, taken as a whole, furnished to the Administrative Agent or the Lenders by or on behalf of
any Obligor (as modified or supplemented by other written information so furnished) for use in connection with the negotiation and closing of the transactions contemplated by this Agreement contains any untrue statement of a material fact or omits
to state any material fact necessary to make the statements therein at the time, and in light of the circumstances under which they were made, not misleading; provided that with respect to projected financial information contained in any such
document or furnished to any party hereto by or on behalf of the Obligors, the Obligors represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time, it being recognized that such
projections as to future events are not to be viewed as facts and that actual results during the period or periods covered thereby may differ from the projected results. 
 Section 4.14 Compliance with Laws. Each Obligor is in compliance with all laws, statutes, rules, regulations and orders binding on or applicable to such Obligor, and all of its properties,
except to the extent failure to so comply (either individually or in the aggregate) could not reasonably be expected to have a Material Adverse Effect. 
 Section 4.15 Indebtedness. Schedule 4.15 correctly sets forth the consolidated Indebtedness of Holdings and its Subsidiaries as of the Closing Date not otherwise described in the
Form 10-Q filed by Holdings for the quarter ended March 31, 2013. 
 Section 4.16 Insurance. Schedule
4.16 sets forth as of the Closing Date a summary of all insurance policies maintained by the Obligors. The properties, business and operations of the Obligors and each of their respective Subsidiaries are insured or reinsured with financially
sound and reputable insurance companies (including insurance maintained through Airways Assurance Limited LLC or the captive insurance company of any other Obligor) or by the United States of America, in such amounts, with such deductibles and
covering such risks as are insured against (including, but not limited to, war risk and third party liability) and carried in accordance with applicable law and prudent industry practice by major U.S. commercial air carriers similarly situated
with the Obligors and owning or operating similar properties, aircraft and engines. 
 Section 4.17 Perfected Security
Interests. The Administrative Agent, on behalf of the Lenders and the other Secured Parties, has valid, first priority (other than Permitted Encumbrances) security interests in the Collateral, which security interests are perfected to such
extent as is provided in the Collateral Documents. 

  
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 Section 4.18 Absence of Labor Disputes. Except as disclosed on Schedule
4.18, no strikes, boycotts, work stoppages or lockouts, in each case, that are material, with respect to any of the Obligors exist, and no Obligor has received written notice, sanctioned by any collective bargaining unit representing employees
of such Obligor, threatening a strike, boycott or work stoppage, in each case, that is material. 
 Section 4.19 Slot
Utilization. The Obligors maintain personnel, policies, procedures and a computer database for the monitoring, utilization and management of the FAA Slots constituting Collateral in compliance with the Slot Regulations so as to ensure, to the
greatest extent operationally feasible, that the Slot Regulations are complied with respect to such FAA Slots constituting Collateral and no such FAA Slot constituting Collateral becomes subject to withdrawal by the FAA. 

Section 4.20 Deposit Accounts and Securities Accounts. Schedule 4.20 contains a true, complete and correct list of the
deposit accounts and securities accounts subject to Control Agreements pursuant to Section 6.3(a), the balance therein as of May 22, 2013, including the name of such account, the account number and the bank or financial institution with
which such account is maintained. 
 Section 4.21 Use of Proceeds. The Borrower is using the proceeds of the Loans
(i) on the Closing Date to repay in full or discharge all of the outstanding obligations under the Existing Loan Agreements and other existing Indebtedness and to pay related fees and expenses and (ii) on and after the Closing Date, for
general corporate purposes. 
 ARTICLE V 
 AFFIRMATIVE COVENANTS 
 To induce the other parties to enter into this Agreement
(excluding any other Obligor), the Obligors (other than Excluded Obligors, except, solely with respect to Sections 5.2, 5.3, 5.4(b), 5.5, 5.6, 5.7, 5.9, 5.10 (but only to the extent the Collateral includes Slots owned by a Required AMR Obligor),
5.11 (but only to the extent the Collateral includes Slots owned by a Required AMR Obligor), 5.12, 5.14, 5.15 (but only to the extent such Collateral includes Spare Parts owned by a Required AMR Obligor), 5.16 (but only to the extent the Collateral
includes aircraft or Spare Parts owned by a Required AMR Obligor) and 5.19, any Required AMR Obligor) agree with each other party hereto (excluding any other Obligor) that, so long as any of the Commitments and Obligations (other than contingent
indemnification obligations) remain outstanding: 
 Section 5.1 Accounting Controls; Financial Statements and Other
Reports. 
 (a) Accounting Controls. Each Obligor will maintain a system of accounting established and administered
in accordance with applicable law, rules and regulations issued by any Governmental Authority to permit preparation of financial statements in conformity with GAAP. 
 (b) Financial Certificates; Information. Holdings will deliver to the Administrative Agent (provided, that in the case of a Permitted Holder Acquisition, the provisions of clauses (i),
(ii) and (iii) below will apply to the Permitted Holder in the same manner as such sections apply to Holdings): 
 (i) Quarterly Financials: within two (2) Business Days after the date on which Holdings files or is required to file its Form 10-Q under the Exchange Act (after giving effect to any extension
pursuant to Rule 12b-25 under the Exchange Act (or any successor rule)) (or, if Holdings is not required to file a Form 10-Q under the Exchange Act, within 45 days after the end 

  
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of each of the first 3 fiscal quarters of each Fiscal Year), (A) the consolidated balance sheets of Holdings as at the end of such fiscal quarter and the related consolidated statements of
income of Holdings for such fiscal quarter for the period from the beginning of the then current Fiscal Year to the end of such fiscal quarter and cash flows of such Person for the period from the beginning of the then current Fiscal Year to the end
of such fiscal quarter, setting forth in each case in comparative form the corresponding figures from the corresponding dates and periods of the previous Fiscal Year, all prepared in accordance with GAAP (except that any unaudited financial
statements are subject to normal year-end adjustments and may not be accompanied by footnotes) and in reasonable detail and certified by the Chief Financial Officer, Controller, Chief Executive Officer or Treasurer of Holdings that they fairly
present in all material respects the consolidated financial condition of such Person as at the dates indicated and the results of its operations and its cash flows for the periods indicated, and (B) a narrative report describing the operations
of Holdings in the form prepared for presentation to senior management for such fiscal quarter and for the period from the beginning of the then current Fiscal Year to the end of such fiscal quarter; provided that the filing with the SEC of
Holdings’ Form 10-Q for such fiscal quarter shall be deemed to satisfy all requirements of this Section 5.1(b)(i); 
 (ii) Year-End Financials: within two (2) Business Days after the date on which Holdings files or is required to file its Form 10-K under the Exchange Act (after giving effect to any extension
pursuant to Rule 12b-25 under the Exchange Act (or any successor rule)) (or, if Holdings is not required to file a Form 10-K under the Exchange Act, within 90 days after the end of each Fiscal Year), (A) the consolidated balance sheet of
Holdings at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Holdings for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the
previous Fiscal Year, all in reasonable detail, and certified by the Chief Financial Officer or the Chief Executive Officer of Holdings that they fairly present in all material respects the consolidated financial condition of Holdings as at the date
indicated and the results of its operations and its cash flows for the periods indicated, (B) a narrative report describing the operations of Holdings in the form prepared for presentation to senior management for such Fiscal Year, and
(C) an accountant’s report thereon of KPMG LLP or other independent certified public accountants of recognized national standing selected by Holdings, which report (1) shall be unqualified as to scope, (2) shall not contain a
going concern qualification, and (3) shall state that such consolidated financial statements fairly present the consolidated financial position of Holdings as at the dates indicated and the results of their operations and their cash flows for
the periods indicated in conformity with GAAP applied on a basis consistent with prior years, and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted
auditing standards; provided that (x) references in such report to changes in GAAP, changes in accounting standards, highlighting contents of footnotes, limitations in the scope of the audit or exclusions from the audit information not
required by GAAP that are, in each case, customary in industry practice and not prejudicial to the opinion stated therein shall not be deemed to be “qualifications” for the purpose of clause (C) of this
Section 5.1(b)(ii) and (y) the foregoing delivery requirement of this Section 5.1(b)(ii) shall be satisfied if Borrower shall have filed with the SEC its Form 10-K for such Fiscal Year and such Form 10-K satisfies the
requirements of clause (C) above; 
 (iii) Notice of Events of Default, etc.: promptly upon any
Responsible Officer of a Principal Obligor obtaining knowledge of any condition or event that constitutes a Default or an Event of Default that is continuing an Officer’s Certificate of the Borrower specifying the nature and period of existence
of such Default or Event of Default and what action the Obligors have taken, are taking and propose to take with respect thereto; 

  
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 (iv) Ratings Change: promptly after any private release by Fitch,
S&P or Moody’s raising or lowering (i) an Obligor’s general unsecured credit rating or (ii) the Credit Rating obtained pursuant to Section 5.13 hereof, notice of such change; provided that if Fitch, S&P or
Moody’s, as applicable, shall release a publicly available press release or otherwise publicly communicate such raising or lowering, all requirements of this Section 5.1(b)(iv) shall be deemed to be satisfied. 

(v) Asset Dispositions: prior to an Obligor consummating any Asset Disposition giving rise to a mandatory
prepayment obligation under Section 2.6, notice of such event; 
 (vi) ERISA Event: promptly after
the occurrence of any ERISA Event that would constitute an Event of Default under Section 7.1(m); 
 (vii)
Quarterly Officer’s Certificates: no later than forty-five days after the end of each fiscal quarter commencing with the fiscal quarter ending June 30, 2013, a Collateral Value Certificate certifying the Collateral Value (with
respect to the Eligible Appraised Collateral, based on the most recently completed Appraisal Report) together with the other information and certifications required to be included therein as set forth on Exhibit H hereto, in each case as of
the last day of such fiscal quarter, the Appraisal Report upon which such Collateral Value Certificate is based, and any supporting detail and documentation as requested by the Administrative Agent in its reasonable discretion; 

(viii) Required AMR Obligors: if on any day following the consummation of the Merger and prior to the last day of
the second full fiscal quarter of the Borrower thereafter, any AMR Obligor becomes a Required Obligor, notification thereof; 
 (ix) Consummation of the Merger. Promptly upon the occurrence thereof, a certificate of a Responsible Officer confirming the consummation of the Merger; and 

(x) Other Information: with reasonable promptness, such other information and data with respect to an Obligor as
from time to time may be reasonably requested by the Administrative Agent. 
 Section 5.2 Corporate Existence.
Except as permitted by Section 6.8, each Obligor will do or cause to be done all things necessary to preserve and keep in full force and effect the corporate, partnership or other existence of such Obligor and each of its Subsidiaries and the
material rights, permits, licenses (charter and statutory) and franchises of such Obligor and each of its Subsidiaries; provided that subject to Section 5.10, no Obligor shall be required to preserve any such right, permit, license
or franchise, and, subject to compliance with Section 6.8, as applicable, no Obligor (other than the Borrower) shall be required to preserve any such corporate, partnership or other existence, if in each case, the Chief Executive Officer of the
Borrower shall determine in the exercise of his or her business judgment that the preservation thereof is no longer desirable in the conduct of the business of the Obligors taken as a whole and that abandonment of any such right, permit, license or
franchise or failure to preserve such existence could not reasonably be expected to have a Material Adverse Effect. 

Section 5.3 Payment of Taxes and Claims. Each Obligor will pay or discharge or cause to be paid or discharged, before the
same shall become delinquent, (a) all material Taxes levied or imposed upon such Obligor or any of its Subsidiaries or upon the income, profits or property of such Obligor or any of its Subsidiaries except where the amount, applicability or
validity of such Taxes are being contested in good faith by appropriate proceedings and for which adequate reserves have been made in accordance with GAAP and (b) all lawful claims for labor, materials and supplies that, if unpaid,

  
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might by law become a Lien on the Collateral of such Obligor. No Obligor will file or consent to the filing of, any consolidated income tax return with any Person (other than any other Obligor or
any Subsidiary of any Obligor). 
 Section 5.4 Maintenance of Properties; Insurance. 

(a) Maintenance of Properties. Each Obligor will maintain all properties used or useful in the conduct of the business of the
Obligors in good condition, repair and working order (ordinary wear and tear excepted) and supply such properties with all necessary equipment and make all necessary repairs, renewals, replacements, betterments and improvements thereto, all as in
the reasonable judgment of such Obligor may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that no Obligor shall be restricted from
discontinuing the operation and maintenance of any such properties if such discontinuance is, in the good faith judgment of the Borrower, desirable in the conduct of the business of such Obligor and could not reasonably be expected to have a
Material Adverse Effect, but subject in each case to all applicable provisions of the Collateral Documents. 
 (b)
Insurance. Each Obligor will, and will cause each of its Subsidiaries to, (a) insure and keep insured or reinsured with financially sound and reputable insurance companies that are not Affiliates of the Obligors or by the United States
of America, their businesses and operations and such of their respective properties, in such amounts, with such deductibles and covering such risks as are insured against (including, but not limited to, war risk and third party liability) and
carried in accordance with applicable law and prudent industry practice by U.S. commercial air carriers similarly situated with the Obligors (or an applicable Subsidiary) and owning or operating similar properties, aircraft and engines, including
such insurance coverage as is required to be maintained under the Collateral Documents, and (b) cause all such insurance relating to any Collateral of any Obligor or its Subsidiaries to name the Administrative Agent as additional insured or
loss payee, as appropriate, and to provide not less than thirty (30) days’ (or in the case of war risk coverage, the maximum time as is available) prior notice to the Administrative Agent of termination, lapse or cancellation of such
insurance or reinsurance; provided that this Section 5.4(b) shall not prohibit any Obligor or any Subsidiary from procuring and maintaining all or any portion of its insurance through Airways Assurance Limited LLC (or the captive
insurance company of any Obligor or its Subsidiaries) so long as Airways Assurance Limited LLC (or such other captive insurance company) reinsures 100% of such risk as provided above in this Section 5.4(b) and such reinsurance policies contain
a cut-through endorsement. 
 Section 5.5 Inspection. Each Obligor will permit any authorized representatives
designated by the Administrative Agent to visit and inspect any of the properties of the Obligors, including their financial and accounting records, and to make copies and take extracts therefrom, and to discuss their affairs, finances and accounts
with its and their officers and independent public accountants (it being understood that a representative of an Obligor will be present), at the Borrower’s expense, all upon reasonable notice and at such reasonable times during normal business
hours and as often as may be reasonably requested; provided that so long as no Default or Event of Default has occurred and is continuing, (a) such inspection shall not be materially disruptive to the business of the Obligors and
(b) the Obligors shall not be required to pay the expenses of more than one such visit per Fiscal Year. Without limiting the generality of the foregoing, but subject to the proviso contained in the immediately preceding sentence, the Obligors
will meet with the Administrative Agent on a quarterly basis (in person or, if deemed appropriate by the Administrative Agent, telephonically) to review the Obligors’ financial and accounting records and will make their officers and independent
public accountants available to discuss with the Administrative Agent the Obligors’ affairs, financial condition, results of operations, business plan, prospects, projections, accounts and other related matters, and otherwise will cooperate
with the Administrative Agent and provide such information as it may reasonably request. 

  
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 Section 5.6 Compliance with Laws, Etc.. Each Obligor will comply with all
applicable statutes, rules, regulations, orders, restrictions and Governmental Authorizations of any applicable Governmental Authority, in respect of the conduct of the businesses of the Obligors and the ownership of their respective properties
(including, without limitation, Gates and Slots), except such as are being contested in good faith by appropriate proceedings (provided that any such contest shall not subject the Administrative Agent or any Lender to any risk of criminal or civil
penalty or subject the Collateral to any material risk of loss of use or possession) and except for such noncompliance as could not in any case or in the aggregate reasonably be expected to have a Material Adverse Effect. None of the Obligors shall
conduct any Hazardous Materials Activity at any Facility or at any other location in a manner that does not comply with Environmental Laws, except for such noncompliance as could not in any case or in the aggregate reasonably be expected to have a
Material Adverse Effect. Each Obligor will use commercially reasonable efforts to cause all other Persons operating or occupying any of their properties to comply with Environmental Laws, except for such noncompliance as could not in any case or in
the aggregate reasonably be expected to have a Material Adverse Effect. 
 Section 5.7 Remedial Action Regarding
Hazardous Materials. 
 (a) To the extent required to comply with Environmental Laws, each Obligor will take any and all
necessary remedial action (except to the extent that such remedial action is or will be taken by other Persons responsible for such remedial action) in connection with the presence, storage, use, disposal, transportation, Release or threatened
Release of any Hazardous Materials on, under or about any Facility except for such failure to take such remedial action as could not, individually or in the aggregate reasonably be expected to have a Material Adverse Effect. In the event any Obligor
undertakes any remedial action with respect to any Hazardous Materials on, under or about any Facility, the Borrower or such Obligor will conduct and complete such remedial action (or will cause such action to be taken) in compliance with all
applicable Environmental Laws, and in accordance with the policies, orders and directives of all federal, state and local Governmental Authorities except when, and only to the extent that, such Obligor’s liability for such Hazardous Materials
is being contested in good faith and by appropriate proceedings diligently conducted by such Obligor or except for such non-compliance as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 (b) The Requisite Lenders may request an environmental site assessment report for any of Borrower’s or any other
Obligor’s Facilities (i) from time to time, if and when the Requisite Lenders have reason to believe that circumstances or conditions are present with respect to such Facility that could form the basis for an Environmental
Claim or that a Release of Hazardous Materials has occurred at such Facility that, in either case, could reasonably be expected to have a Material Adverse Effect, and (ii) otherwise, not more than once during any twelve month period
for the purpose of determining whether there is reason to believe that such circumstances, conditions or Release of Hazardous Materials exist. Within sixty (60) days after receipt of such request, the Borrower will provide to the
Lenders, at Borrower’s expense, an environmental site assessment report prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent evaluating the potential Environmental Claim or Release of Hazardous
Materials and (if reasonable to do so) estimating the cost of any required compliance, removal or remedial action in connection with the Environmental Claim or Release of Hazardous Materials. Without limiting the generality of the foregoing clause
(b), if the Administrative Agent reasonably determines at any time that a material risk exists that any such report will not be provided in the time referred to above and is not being diligently prepared by Borrower or its environmental consultant,
the Administrative Agent may retain an environmental consulting firm to prepare such report at the expense of the Borrower, and each Obligor hereby agrees to grant at the time of such request, to the Administrative Agent, the Lenders, such firm and
any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants or limitations under 

  
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applicable leases or other agreements, to enter into their respective properties to undertake such an assessment. 
 Section 5.8 Additional Obligors; Collateral. 
 (a) With reasonable
promptness (and in any event within 30 days) following (x) the formation or acquisition by any Obligor of a Subsidiary, the Borrower (i) shall provide the Administrative Agent the name, corporate structure and allocation of Voting Stock
and equity interests of such Subsidiary, (ii) in the case of any such Subsidiary that is not a CFC, an Unrestricted Subsidiary, Immaterial Subsidiary or a Receivables Subsidiary or was not a Subsidiary of an AMR Obligor as of the date of the
consummation of the Merger, shall cause such Subsidiary to execute and deliver to the Administrative Agent a Joinder in the form of Exhibit J hereto, pursuant to which such Subsidiary shall become a party to this Agreement, and a joinder
to the Guaranty pursuant to which such Subsidiary shall become a guarantor thereunder, and (iii) shall deliver to the Administrative Agent documents of the types referred to in clauses (a)(vii) (to the extent applicable) and (a)(viii) of
Article III, all in form, content and scope reasonably satisfactory to the Administrative Agent. 
 (b) Each Obligor (including,
without limitation, each Subsidiary created or acquired after the Closing Date that is required to be a Guarantor and each other Affiliate of the Borrower that the Borrower designates as an Obligor pursuant to clause (f) or clause
(g) below) will cause all of its properties and assets which the Borrower elects to deposit or pledge as Collateral pursuant to Section 5.8(d) to be pledged to the Administrative Agent, with such priority and perfected to such extent as is
provided in the Collateral Documents, to secure the Obligations, and will take all such actions as the Administrative Agent deems reasonably necessary or advisable in connection with the foregoing, including without limitation, (i) delivering
to the Administrative Agent duly executed joinders and amendments to the Collateral Documents or, if applicable, any additional Collateral Documents, (ii) delivering all certificates, if any, and instruments representing all Capital Stock and
other securities pledged pursuant to clause (i) above, together with undated powers or endorsements duly executed in blank and (iii) to the extent reasonably requested by the Administrative Agent, delivering to the Administrative Agent
legal opinions relating to the matters described in this clause (b), which opinions shall be in form and substance and from counsel reasonably satisfactory to, the Administrative Agent; provided, that Control Agreements for deposit accounts
and securities accounts shall only be required to the extent required pursuant to Section 6.3(a). If additional Collateral is being deposited or pledged in accordance with this Section 5.8(b) or otherwise, such additional Collateral shall
be free and clear of any Liens (other than (i) in the case of cash, Liens pursuant to the Collateral Documents and Liens expressly permitted by the applicable Control Agreements and (ii) in the case of any other Collateral, Permitted
Encumbrances) and shall otherwise comply with the provisions of the applicable Collateral Documents that apply to a pledge of such Collateral. 
 (c) If as of the date of delivery of any Collateral Value Certificate pursuant to Section 5.1(b)(vii) there exists a default under Section 6.3(b), the Borrower shall, to the extent (but only to
the extent) necessary to cure such default: (i) with respect to any Collateral Coverage Ratio Failure (A) prepay the Loans in accordance with Section 2.6(e), (B) deposit additional Unrestricted Cash in the Collateral Account as
Collateral, (C) cause assets that are not then part of the Collateral, but that if constituting Collateral would be Eligible Appraised Collateral or Eligible Accounts, to be made part of the Collateral or (D) do any combination of (A),
(B) and (C) above, in each case until such default no longer exists or (ii) cause assets that constitute Core Collateral to be Collateral. 
 (d) At any time, with prior written notice to the Administrative Agent, the Borrower may, at its sole discretion: (i) deposit Unrestricted Cash in the Collateral Account as Collateral,
(ii) cause Appraised Collateral, Gates or Accounts that are not then part of the Collateral, but that if constituting 

  
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Collateral would be Eligible Collateral, to be made part of the Collateral, or (iii) do any combination of (i) and (ii) above. 

(e) In connection with each prepayment or pledge of additional Collateral pursuant to Section 5.8(c)(i), the Borrower shall deliver
to the Administrative Agent a Collateral Value Certificate which establishes that the default under Section 6.3(b) no longer exists. 
 (f) If the Merger occurs, with reasonable promptness (and in any event within 5 Business Days) following the Merger, (i) the Borrower shall provide the Administrative Agent the name, corporate
structure and allocation of Voting Stock and equity interests of such Person that has become an Affiliate of the Borrower as a result of the Merger, (ii) in the case of each AMR Obligor, the Borrower shall, and in the case of any other
Affiliate of an AMR Obligor that is not a CFC, an Unrestricted Subsidiary or Immaterial Subsidiary, the Borrower may, cause such Person to execute and deliver to the Administrative Agent a Joinder in the form of Exhibit J hereto, pursuant to
which such Person shall become a party to this Agreement, and a joinder to the Guaranty pursuant to which such Person shall become a Guarantor thereunder, and (iii) shall deliver to the Administrative Agent documents of the types referred to in
clauses (a)(vii) (to the extent applicable) and (a)(viii) of Article III, all in form, content and scope reasonably satisfactory to the Administrative Agent. 
 (g) At any time following the Merger, with respect to any Affiliate of an AMR Obligor that did not become an Obligor pursuant to clause (f) above, the Borrower may, at any time in its sole
discretion, (i) cause such Person to execute and deliver to the Administrative Agent a Joinder in the form of Exhibit J hereto, pursuant to which such Person shall become a party to this Agreement, and a joinder to the Guaranty pursuant
to which such Person shall become a Guarantor thereunder, and (ii) shall deliver to the Administrative Agent documents of the types referred to in clauses (a)(vii) (to the extent applicable) and (a)(viii) of Article III, all in form, content
and scope reasonably satisfactory to the Administrative Agent. 
 Section 5.9 Employee Benefit Plans. Each Obligor
will ensure that the Plans and Multiemployer Plans with respect to which the Obligors may have any liability are operated in compliance with all applicable laws, except to the extent that the failure to do so could not reasonably be expected to have
a Material Adverse Effect. 
 Section 5.10 FAA Matters; Citizenship. Each Air Carrier shall at all times hereunder
hold a certificate under 49 U.S.C. Section 41102(a)(1) as currently in effect or as may be amended or recodified from time to time. Each Air Carrier and any other Obligor engaged in operations as an “air carrier” will at all times
hereunder be a United States Citizen holding an air carrier operating certificate issued pursuant to Chapter 447 of Title 49 for aircraft capable of carrying 10 or more individuals or 6,000 pounds or more of cargo. 

Section 5.11 Slot Utilization. 
 (a) From and after the Closing Date, each Obligor shall take such actions as shall be reasonably necessary and operationally feasible to cause the FAA Slots constituting Collateral to have sufficient Slot
Utilization for purposes of the Slot Regulations, except to the extent that any failure to so utilize would not reasonably be expected to result in a Material Adverse Effect or a Collateral Coverage Failure. 

(b) From and after the Closing Date, each Obligor shall utilize any Foreign Slots constituting Collateral in a manner consistent in all
material respects with applicable regulations and contracts in order reasonably to preserve its right to hold and operate such Foreign Slots, taking into 

  
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account any waivers or other relief granted by any applicable Aviation Authority, except to the extent that any failure to so utilize would not reasonably be expected to result in a Material
Adverse Effect or a Collateral Coverage Failure. 
 (c) The Obligors shall maintain personnel, policies, procedures and a
computer database for the monitoring, utilization and management of the FAA Slots constituting Collateral in compliance with the Slot Regulations so as to ensure, to the extent commercially reasonable, that no such FAA Slot becomes subject to
withdrawal by the FAA or is otherwise revoked or terminated based upon the failure to comply with the Slot Regulations, except to the extent that any failure to so maintain or any such withdrawal, revocation or termination would not reasonably be
expected to result in a Material Adverse Effect or a Collateral Coverage Failure 
 Section 5.12 Further Assurances.
Promptly upon the reasonable request of the Administrative Agent, each Obligor will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as the Administrative Agent may reasonably
request in order to effect fully the purposes of the Loan Documents and to maintain and ensure the validity, effectiveness, priority and perfection of the Administrative Agent’s Liens pursuant to the Collateral Documents. 

Section 5.13 Credit Rating. The Borrower agrees to obtain at the end of each fiscal quarter (or, if the aggregate outstanding
principal amount of the Loans is less than $600,000,000, each Fiscal Year) for the term of the Loans, and at the expense of the Borrower, Credit Ratings from any two of Fitch, S&P and Moody’s, which ratings may be obtained by subscribing to
Fitch’s, S&P’s and/or Moody’s’ ongoing rating monitoring services, if available. 
 Section 5.14
Collateral Reports and Appraisals. The Borrower shall deliver or cause to be delivered to the Administrative Agent the following: 
 (a) Appraisal Reports. Appraisal Reports, and each Obligor shall permit the Administrative Agent to have an Appraiser conduct appraisals for such Appraisal Reports, at the Borrower’s expense,
for purposes of determining eligibility and monitoring the value of such Collateral as follows: 
 (i) with
respect to Spare Engines constituting Collateral, one time per Fiscal Year; 
 (ii) with respect to Spare Parts
constituting Collateral, one time per Fiscal Year using the Desk-top Spare Parts Appraisal Methodology and one time per Fiscal Year based on physical inspection; 

(iii) with respect to Aircraft constituting Collateral, one time per Fiscal Year; 

(iv) with respect to Slots constituting Collateral, once per Fiscal Year; 

(v) with respect to Routes constituting Collateral, once per Fiscal Year; 

(vi) with respect to all other Appraised Collateral, once per Fiscal Year; and 

(vii) with respect to any additional Collateral pledged hereunder after the Closing Date, within 90 days prior to such Eligible
Collateral being pledged under the Collateral Documents; 

  
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 provided, however, that if a Default or Event of Default has occurred and is continuing, the
Administrative Agent may request, at the Borrower’s expense, additional Appraisal Reports of any or all of the Collateral in the Administrative Agent’s discretion. 
 (b) Field Examinations. Field examination reports with respect to Accounts constituting Collateral, and each Obligor shall permit the Administrative Agent to conduct field examinations for such
reports, at the Borrower’s expense, for purposes of determining eligibility and monitoring the value of such Collateral, one time per Fiscal Year; provided, however, that so long as a Default or Event of Default shall not have
occurred and be continuing, such field examination shall not be materially disruptive to the business of the Obligors; provided, further, that if a Default or Event of Default has occurred and is continuing, the Administrative Agent
may request, at the Borrower’s expense, additional field examinations in the Administrative Agent’s discretion. 
 (c)
Engine Reports. By the tenth Business Day of January, April, July and October of each year, commencing with such date in July 2013, a report stating, with respect to each Eligible Spare Engine constituting Collateral as of the last day of the
calendar month immediately preceding the date of such report prior to the date of such report: (i) if such Engine is then installed on an airframe, the applicable Obligor’s tail number of such airframe, or, if not so installed, the status
and location of such Engine, (ii) the hours and cycles of operation of such Engine since new and since its last major overhaul and (iii) the most limiting life limited part on such engine (the “limiter”) and the cycles remaining
on such limiter. 
 (d) Other Information. Such other reports, statements and reconciliations with respect to the
Eligible Collateral or any of the other Collateral of any or all of the Obligors as the Administrative Agent shall from time to time request in its reasonable discretion. 
 Section 5.15 Software. The Borrower hereby agrees that it shall, with respect to any Spare Parts that constitute Collateral, maintain a spare parts inventory tracking system at all times prior
to the Maturity Date. 
 Section 5.16 Cape Town Convention. With respect to the Cape Town Convention which has been
ratified by, and is in full force and effect in the United States of America, the parties hereto hereby agree to permit the interests created under the Loan Documents to constitute International Interests under the Cape Town Convention. Upon request
by the Administrative Agent, the Borrower at its own cost and expense shall from time to time do or cause to be done any and all acts and things (other than acts and things under the control of the Administrative Agent) which may be required or
desirable (in the reasonable opinion of Administrative Agent) to ensure that each of the Secured Parties has the full benefit of the Cape Town Convention in connection with any Aircraft and Spare Engines, including: 

(a) any matters connected with registering, perfecting, preserving and/or enhancing any International Interest vested in the Secured
Parties with respect to any Aircraft and Spare Engines and constituted by the Loan Documents; 
 (b) entry in to agreements
(subordination or otherwise) to protect and/or enhance and/or, improve the priority of any International Interest referred to in the foregoing paragraph (a); 
 (c) excluding, in writing, the application of any provisions of the Cape Town Convention that the Administrative Agent may deem desirable in connection with the foregoing, provided, in each case, that
such acts and things do not result in any of the Borrower’s other obligations under the Loan Documents being made any greater; and 

  
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 (d) if any subsequent action taken by any party, including any permitted sublease or
re-registration of any Aircraft or Spare Engines, gives rise to a new International Interest under the Cape Town Convention, registering such interest with the International Registry (as such term is defined in the Cape Town Convention) with the
consent of the Administrative Agent, or any duly authorized agent thereof, and any other party hereto as necessary to complete such registration. 
 Section 5.17 Designation of Unrestricted Subsidiaries. The Borrower may at any time after the Closing Date designate any Obligor (other than a Principal Obligor) (or, following the formation
or acquisition by any Obligor of a Subsidiary, such Subsidiary) as an Unrestricted Subsidiary, so long as (i) after giving pro forma effect thereto, the Borrower would be compliance with the covenants in Section 6.3 on the date of such
designation and (ii) no Collateral Coverage Failure, Default or Event of Default has occurred and is continuing or would result therefrom. The designation of any Obligor (or, following the formation or acquisition by any Obligor of a
Subsidiary, such Subsidiary) as an Unrestricted Subsidiary after the Closing Date shall constitute an Investment by the applicable Obligor therein at the date of designation in an amount equal to the fair market value of the applicable
Obligor’s investment therein. In connection with the foregoing designation of an Unrestricted Subsidiary, (x) such designated Unrestricted Subsidiary shall be released from its Guarantee of the Obligations (whether pursuant to the Guaranty
or otherwise) and (y) any Liens on such designated Unrestricted Subsidiary and any of the Collateral of such designated Unrestricted Subsidiary shall be released. 
 Section 5.18 Receivables Subsidiary. The Borrower may at any time after the Closing Date designate any Obligor (other than a Principal Obligor) (or, following the formation or acquisition by
any Obligor of a Subsidiary, such Subsidiary) as a Receivables Subsidiary, so long as (i) after giving pro forma effect thereto, the Borrower would be compliance with the covenants in Section 6.3 on the date of such designation and
(ii) no Collateral Coverage Failure, Default or Event of Default has occurred and is continuing or would result therefrom. The designation of any Obligor (or, following the formation or acquisition by any Obligor of a Subsidiary, such
Subsidiary) as a Receivables Subsidiary after the Closing Date shall constitute an Investment by the applicable Obligor therein at the date of designation in an amount equal to the fair market value of the applicable Obligor’s investment
therein. In connection with the foregoing designation of a Receivables Subsidiary, (x) such designated Receivables Subsidiary shall be released from its Guarantee of the Obligations (whether pursuant to the Guaranty or otherwise) and
(y) any Liens on such designated Receivables Subsidiary and any of the Collateral of such designated Receivables Subsidiary shall be released. 
 Section 5.19 Post-Closing Matters. The Obligors shall deliver each of the documents, instruments and agreements and take each of the actions set forth on Schedule 5.19 within the time
periods set forth on such Schedule. 
 Section 5.20 Collateral Ownership. Subject to Section 5.11,
Section 6.8 and subject to any Disposition of Collateral permitted by this Agreement, each Obligor will continue to maintain its interest in and right to use all property and assets so long as such property and assets constitute Collateral.

 Section 5.21 Regulatory Cooperation. Following the occurrence of an Event of Default, in connection with any
foreclosure, collection, sale or other enforcement of Liens granted to the Administrative Agent in the Collateral Documents, the Borrower will, and will cause its Restricted Subsidiaries to, reasonably cooperate in good faith with the Administrative
Agent or its designee in obtaining all regulatory licenses, consents and other governmental approvals necessary or (in the reasonable opinion of the Administrative Agent or its designee) reasonably advisable to conduct all aviation operations with
respect to the Collateral and will, at the reasonable request of the Administrative Agent and in good faith, continue to operate and manage the Collateral and maintain all applicable regulatory licenses with respect to the Collateral until such time
as the Administrative Agent or its 

  
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designee obtain such licenses, consents and approvals, and at such time the Borrower will, and will cause its Restricted Subsidiaries to, cooperate in good faith with the transition of the
aviation operations with respect to the Collateral to any new aviation operator (including, without limitation, the Administrative Agent or its designee). 
 ARTICLE VI 
 NEGATIVE COVENANTS 

To induce the other parties to enter into this Agreement (excluding any Obligor), the Obligors agree with each other party hereto
(excluding any Obligor) that, so long as any of the Commitments and Obligations (other than contingent indemnification obligations) remain outstanding: 
 Section 6.1 Liens on Collateral and Related Matters. 
 (a)
Prohibition on Liens. No Obligor will, nor will it permit any other Obligor to, directly or indirectly create, incur, assume or permit to exist any Lien on any Collateral or file or consent to the filing of any financing statement or other
similar notice of any Lien with respect to any Collateral under the UCC of any state or under any similar recording or notice statute, except: 
 (i) Permitted Encumbrances; 
 (ii) Liens securing either
(A) Indebtedness in an aggregate principal amount such that, as of the date of incurrence of any such Indebtedness and after giving pro forma effect to such incurrence and the application of the net proceeds therefrom, the Total Collateral
Coverage Ratio is not less than 1.0 to 1.0 or (B) Indebtedness that is also secured (or is purported to be secured) by a Lien on any property or assets that is not Collateral, provided that, in either case (A) or (B), such Liens shall
(x) rank junior to the Liens in favor of the Administrative Agent securing the Obligations and (y) be subject to an intercreditor agreement reasonably acceptable to the Administrative Agent (which intercreditor agreement may provide for
(i) the Secured Parties to have the exclusive right to instruct the Administrative Agent to enforce rights and exercise remedies with respect to the Collateral until the Secured Obligations are paid in full, (ii) customary provisions that
would be applicable to junior lien Indebtedness with a “silent” junior lien, including, without limitation, in respect of payment waterfalls, debtor in possession financings, 363 sales, adequate protection rights and post-petition interest
and (iii) other terms reasonably acceptable to the Administrative Agent); and 
 (iii) Liens created under
the Collateral Documents. 
 (b) No Restrictions on Subsidiary Distributions. Except (i) as provided herein or in
the other Loan Documents, (ii) as described on Schedule 6.1(b), (iii) for restrictions on the use of proceeds from a permitted financing of Aircraft Related Equipment, Slots or Gates, (iv) for restrictions binding on an entity
at the time such entity first becomes a Subsidiary of an Obligor, whether by merger, consolidation, purchase of assets or otherwise (provided that such restrictions are not created, incurred or assumed by such entity in contemplation of or in
connection with the financing of such entity’s becoming a Subsidiary of an Obligor), (v) for restrictions on property or assets created by the terms of a Lien permitted hereunder, (vi) restrictions that apply by reason of any
applicable law, rule, regulation or order, (vii) restrictions contained in customary provisions in contracts, licenses, leases and asset sale and purchase agreement entered into in the Ordinary Course of Business, (viii) any contract or
agreement for the sale or other Disposition of a Restricted Subsidiary that restricts distributions, asset sales or loans by that Restricted Subsidiary pending its sale or other Disposition, (ix) provisions limiting the disposition or

  
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distribution of assets or property or loans or advances in joint venture agreements, asset sale agreements, sale-leaseback agreements, stock sale agreements and other similar agreements
(including agreements entered into in connection with an Investment), which limitation is applicable only to the assets or the joint venture entity, as applicable, that are the subject of such agreements or otherwise in the Ordinary Course of
Business, (x) any instrument or agreement entered into in connection with any full or partial “spin-off” of a Subsidiary or similar transactions, (xi) any encumbrance or restriction existing under or by reason of Indebtedness or
other contractual requirement of a Receivables Subsidiary or any Standard Securitization Undertakings (provided that such restrictions apply only to such Receivables Subsidiary), no Obligor will, nor will it permit any other Obligor to,
create or otherwise cause to exist any Payment Restriction with respect to any Obligor. 
 Section 6.2 Restricted
Payments and Investments. No Obligor will, nor will it permit any other Obligor to (i) directly or indirectly, declare, order, pay, make or set apart, or be obligated to declare, order, pay, make or set apart, any sum for any Restricted
Payment or (ii) make any Investment, except: 
 (a) Restricted Payments and Investments with assets or properties that
(i) do not consist of Collateral or Capital Stock of Holdings or any other Obligor and (ii) have an aggregate Fair Market Value as of the date each such Restricted Payment or Investment is made (without giving effect to subsequent changes
in value), when taken together with all other (x) Restricted Payments and (y) Investments that remain outstanding, in each case, made pursuant to this clause (a) that does not exceed 5.0% of consolidated tangible assets of Holdings
and its Restricted Subsidiaries at such time; 
 (b) Restricted Payments and Investments, in an aggregate amount not to exceed
the greater of (i) $0 and (ii) the sum of: 
 (i) (x) on any date prior to the Merger, 50% of the
Consolidated Net Income (less 100% of such Consolidated Net Income which is a deficit) of Group for the period (taken as one accounting period) from October 1, 2011 to the end of Group’s most recently ended fiscal quarter for which
financial statements are available at the time of such Restricted Payment or Investment and (y) on any date following the Merger, the sum of the amount calculated pursuant to Section 6.2(b)(i)(x) as of the date immediately preceding the
Merger; plus 50% of the Consolidated Net Income (less 100% of such Consolidated Net Income which is a deficit) of Holdings for the period (taken as one accounting period) from the date of the Merger to the end of Holdings’ most recently ended
fiscal quarter for which financial statements are available at the time of such Restricted Payment or Investment; plus 
 (ii) 100% of the aggregate net cash proceeds and the Fair Market Value of non-cash consideration received by (x) Group since the Closing Date and prior to the Merger and (y) Holdings following
the Merger, in each case, as a contribution to its common equity capital or from the issue or sale of Qualifying Equity Interests (other than Qualifying Equity Interests sold to a Subsidiary of Holdings and excluding Excluded Contributions and
Permitted Warrant Transactions); plus 
 (iii) (x) 100% of the aggregate net cash proceeds and the Fair Market
Value of non-cash consideration received by Group or a Restricted Subsidiary of Group from the issue or sale of convertible or exchangeable Redeemable Stock of Group or a Restricted Subsidiary of Group or convertible or exchangeable debt securities
of Group or a Restricted Subsidiary of Group (regardless of when issued or sold) or in connection with the conversion or exchange thereof, in each case, that have been converted into or exchanged since the Closing Date and prior to the Merger for
Qualifying Equity Interests (other than Qualifying Equity Interests and convertible or 

  
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exchangeable Redeemable Stock or debt securities sold to a Subsidiary of Group) and (y) 100% of the aggregate net cash proceeds and the Fair Market Value of non-cash consideration received
by Holdings or a Restricted Subsidiary of Holdings from the issue or sale of convertible or exchangeable Redeemable Stock of Holdings or a Restricted Subsidiary of Holdings or convertible or exchangeable debt securities of Holdings or a Restricted
Subsidiary of Holdings (regardless of when issued or sold) or in connection with the conversion or exchange thereof, in each case, that have been converted into or exchanged since the Merger for Qualifying Equity Interests (other than Qualifying
Equity Interests and convertible or exchangeable Redeemable Stock or debt securities sold to a Subsidiary of Holdings); plus 
 (iv) to the extent that any Investment that was made (x) after the Closing Date and prior to the Merger, by Group or any of its Subsidiaries and (y) following the Merger, by Holdings or any of
its Subsidiaries, in each case, (i) sold for cash or otherwise cancelled, liquidated or repaid for cash or (ii) made in an entity that subsequently becomes a Restricted Subsidiary of Holdings, the initial amount of such Investment (or, if
less, the amount of cash received upon repayment or sale); plus 
 (v) to the extent that any Unrestricted
Subsidiary of Holdings designated as such after the Closing Date is redesignated as a Restricted Subsidiary after the Closing Date, the greater of (A) the Fair Market Value of Holdings’ Investment in such Subsidiary as of the date of such
redesignation or (B) such Fair Market Value as of the date on which such Subsidiary was originally designated as an Unrestricted Subsidiary after the Closing Date; plus 

(vi) 100% of any dividends received in cash by Holdings or a Restricted Subsidiary of Holdings after the Closing Date from
an Unrestricted Subsidiary of Holdings, to the extent that such dividends were not otherwise included in the Consolidated Net Income of Holdings for such period. 
 (c) the Borrower may pay dividends in respect of its Capital Stock in each Fiscal Year in an amount up to 50% of Excess Cash Flow for the immediately preceding Fiscal Year, so long as, both immediately
before and after giving effect to such payment, (A) no Default or Event of Default has occurred and is continuing at the time of and immediately after giving effect to the payment of such dividends, and (B) the Borrower is in pro forma
compliance with the financial covenants in Section 6.3 at such times; provided, that after the consummation of a Permitted Holder Acquisition, unless such Permitted Holder has become a Guarantor, any dividends paid by the Borrower to the
Permitted Holder shall be only for corporate expenses, including, without limitation, taxes (provided that, after any Permitted Holder Acquisition, the Borrower may not make any dividend or distribution with respect to taxes in excess of the amount
of taxes that the Borrower would have paid in the absence of tax consolidation with the Permitted Holder) and salaries; 
 (d)
the Obligors may (i) purchase or redeem Capital Stock of Holdings or (ii) make payments in respect of any Indebtedness (whether for purchase or prepayment thereof or otherwise), in each case so long as no Default or Event of Default has
occurred and is continuing or would occur after giving pro forma effect thereto; 
 (e) Investments (i) consisting of cash,
Cash Equivalents or any foreign equivalents of the foregoing; (ii) consisting of accounts receivable if credited or acquired in the Ordinary Course of Business and payable or dischargeable in accordance with customary trade terms; (iii) in
Accounts and related assets, including pursuant to a Receivables Repurchase Obligation, (iv) consisting of payroll advances and advances for business and travel expenses in the Ordinary Course of Business; (v) made by way of any
endorsement of negotiable instruments received by any Obligor in the Ordinary Course of 

  
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Business and presented by it to any bank for collection or deposit; (vi) consisting of stock, obligations or securities received in settlement of amounts owing to any Obligor in the Ordinary
Course of Business or in a distribution received in respect of an Investment permitted hereunder; (vii) pursuant to and in compliance with Section 6.4 or Section 6.8; (viii) made in Excluded Subsidiaries consistent with past
practice and not to exceed (x) prior to the Merger, $10,000,000 and (y) following the Merger, $30,000,000, in each case, per Fiscal Year in the aggregate; (ix) constituting non-cash consideration received in respect of a transaction
pursuant to and in compliance with Section 6.12; (x) existing on the date hereof and set forth on Schedule 6.2(e); (xi) ownership by each of the Obligors of the Capital Stock of each of its wholly-owned Subsidiaries;
(xii) in fuel and Credit Card consortia and in connection with agreements with respect to fuel consortia, credit card consortia and fuel supply, in each case, in the Ordinary Course of Business; 

(f) Investments in travel or airline related businesses made in connection with Marketing and Service Agreements, alliance agreements,
distribution agreements, agreements relating to flight training, agreements relating to insurance arrangements, agreements relating to spare parts management systems and other similar agreements which Investments under this clause
(f) (excluding Investments existing on the date hereof) shall not exceed (x) prior to the Merger, $100,000,000 and (y) following the Merger, $300,000,000 in the aggregate at any time outstanding; 

(g) Investments consisting of reimbursable extensions of credit; provided that any such Investment made pursuant to this clause
(g) shall not be permitted if unreimbursed within 90 days of any such extension of credit; 
 (h) Investments consisting of
guarantees of Indebtedness of any Person to the extent that such Indebtedness is incurred by such unaffiliated third party in connection with activities related to the business of any Obligor and the Borrower has determined that the incurrence of
such Indebtedness is beneficial to the business of the Borrower or any of its Restricted Subsidiaries, in an aggregate amount outstanding at any time not to exceed (x) prior to the Merger, $100,000,000 and (y) following the Merger,
$300,000,000; 
 (i) Investments in Non-Recourse Financing Subsidiaries (other than Receivables Subsidiaries in connection with
Qualified Receivables Transactions), in an aggregate amount outstanding at any time not to exceed (x) prior to the Merger, $100,000,000 and (y) following the Merger, $300,000,000; 

(j) the acquisition by a Receivables Subsidiary in connection with a Qualified Receivables Transaction of Capital Stock of a trust or
other Person established by such Receivables Subsidiary to effect such Qualified Receivables Transaction; and any Investments in Receivables Subsidiaries or any Investment by a Receivables Subsidiary in any Person in connection with Qualified
Receivables Transactions; 
 (k) Investments in connection with financing any pre-delivery, progress or other similar payments
relating to the acquisition of Aircraft Related Equipment; 
 (l) Investments consisting of payments to or on behalf of any
Person (including without limitation any third-party service provider) for purposes of improving or reconfiguring aircraft or Aircraft Related Equipment owned or operated by such Person in order to enhance or improve the brand under which the
Borrower or any of its Affiliates operate, in an aggregate amount outstanding at any time not to exceed (i) prior to the Merger, $100,000,000 and (ii) following the Merger, $300,000,000; 

  
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 (m) Investments consisting of advances and loans to Affiliates of any Obligor, in an
aggregate amount outstanding at any time not to exceed (i) prior to the Merger, $100,000,000 and (ii) following the Merger, $300,000,000; 
 (n) any Restricted Payment consisting of cash payments in connection with any conversion of Convertible Indebtedness in an aggregate amount since the Closing Date not to exceed the sum of (a) the
principal amount of such Convertible Indebtedness plus (b) any payments received by Holdings or any of its Restricted Subsidiaries pursuant to the exercise, settlement or termination of any related Permitted Bond Hedge Transaction; 

(o) (a) any payments made in connection with a Permitted Bond Hedge Transaction and (b) the settlement of any related Permitted
Warrant Transaction (i) by delivery of shares of Holdings’ Capital Stock upon settlement thereof or (ii) by (A) set-off against the related Permitted Bond Hedge Transaction or (B) payment of an early termination amount
thereof upon any early termination thereof in common stock or, in the case of a nationalization, insolvency, merger event (as a result of which holders of such common stock are entitled to receive cash or other consideration for their shares of the
such common stock) or similar transaction with respect to Holdings, such parent company or such common stock, cash and/or other property; 
 (p) any Permitted Bond Hedge Transactions that constitute Investments; 
 (q) any
Investment in Holdings or in a Restricted Subsidiary of Holdings; 
 (r) any Restricted Payment or Investment out of, or with,
the net cash proceeds of the substantially concurrent sale (other than to a Subsidiary of Holdings or any Plan) of, Qualifying Equity Interests or from the substantially concurrent contribution of common equity capital to Holdings (other than from a
Subsidiary of Holdings); provided, that the amount of any such net cash proceeds that are utilized for any such Restricted Payment will not be considered to be net proceeds of Qualifying Equity Interests for purposes of clause (b)(ii) of
Section 6.2 hereof and will not be considered to be Excluded Contributions; 
 (s) Restricted Payments consisting of loans
or advances to officers, directors or employees made in the Ordinary Course of Business consistent with the internal procedures of Holdings or any Restricted Subsidiary of Holdings in an aggregate principal amount not to exceed (i) prior to the
Merger, $10,000,000 and (ii) following the Merger, $30,000,000, in each case, at any one time outstanding; 
 (t)
Investments or commitments to make Investments acquired after the Closing Date as a result of the acquisition by Holdings or any Restricted Subsidiary of Holdings of another Person, including by way of a merger, amalgamation or consolidation with or
into Holdings or any of its Restricted Subsidiaries in a transaction that is not prohibited by Section 6.4 or Section 6.8 hereof after the Closing Date to the extent that such Investments or commitments to make 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; 
 (u) after the Merger has occurred, any Investments having an aggregate Fair Market Value (measured on the date each such Investment was made and without giving effect to subsequent changes in value other
than a reduction for all returns of principal in cash and capital dividends in cash), when taken together with all Investments made pursuant to this clause (u) that are outstanding at such time, that do not exceed 30% of the total consolidated
assets of Holdings and its Restricted Subsidiaries at the time of such Investment; 

  
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 (v) the payment of any dividend or distribution or the consummation of any irrevocable
redemption within 60 days after the date of declaration of the dividend or distribution or giving of the redemption notice, as the case may be, if at the date of declaration or notice, the dividend or redemption payment would have complied with the
provisions of this Agreement; 
 (w) the repurchase, redemption, defeasance or other acquisition or retirement for value of
Indebtedness of any Obligor that is contractually subordinated to the Obligations with the net cash proceeds from an incurrence of Permitted Refinancing Indebtedness; 
 (x) the repurchase of Equity Interests or other securities deemed to occur upon the exercise of stock options, warrants or other securities convertible or exchangeable into Equity Interests or any other
securities, to the extent such Equity Interests or other securities represent a portion of the exercise price of those stock options, warrants or other securities convertible or exchangeable into Equity Interests or any other securities; 

(y) so long as no Default or Event of Default has occurred and is continuing, the declaration and payment of regularly scheduled or
accrued dividends, distributions or payments to holders of any class or series of Redeemable Stock or subordinated Indebtedness of Holdings or any preferred stock of any Restricted Subsidiary of Holdings in each case either outstanding on the
Closing Date or issued on or after the Closing Date; 
 (z) Investments and Restricted Payments made with Excluded
Contributions; 
 (aa) the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to
Holdings or any of its Restricted Subsidiaries by, any Unrestricted Subsidiary; 
 (bb) the declaration and payment of dividends
to holders of any class or series of Redeemable Stock of Holdings or any Redeemable Stock or preferred stock of any Restricted Subsidiary of Holdings to the extent such dividends are included in the definition of “Fixed Charges” for such
Person; 
 (cc) at any time after the Merger has occurred, so long as no Default or Event of Default has occurred and is
continuing, any Investment; 
 (dd) so long as no Default or Event of Default has occurred and is continuing any
(x) Restricted Payment made on and after the Closing Date and (y) Investments outstanding at any such time, in an aggregate amount, with respect to all such Restricted Payments and Investments, not to exceed (i) prior to the Merger,
$300,000,000 and (ii) following the Merger, $900,000,000; 
 (ee) Restricted Payments and Investments in connection with
any full or partial “spin-off” of a Subsidiary or similar transactions; provided that before and immediately after giving pro forma effect to such transaction, the Obligors will be in compliance with Section 6.3 and no Default
or Event of Default shall have occurred or be continuing; provided, further, that such Restricted Payment or Investments do not include, directly or indirectly, any property or asset that constitutes Collateral; 

(ff) any Investments or Restricted Payments so long as both before and after giving effect to such Restricted Payment or Investment, a
Covenant Suspension Period is in effect; 
 (gg) the repurchase, redemption, acquisition or retirement for value of any Equity
Interests of Holdings or any Restricted Subsidiary of Holdings held by any current or former officer, director, consultant or employee (or their estates or beneficiaries of their estates) of Holdings or any of its

  
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Restricted Subsidiaries pursuant to any management equity plan or equity subscription agreement, stock option agreement, shareholders’ agreement or similar agreement; provided that
the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests may not exceed (x) prior to the Merger, $20.0 million and (y) following the Merger, $60.0 million, in each case, in any twelve-month period
(except to the extent such repurchase, redemption, acquisition or retirement is in connection with (i) the acquisition of a Permitted Business or merger, consolidation or amalgamation otherwise permitted by this Agreement and in such case the
aggregate price paid by Holdings and its Restricted Subsidiaries may not exceed (x) prior to the Merger, $50.0 million and (y) following the Merger, $150.0 million, in each case, in connection with such acquisition of a Permitted Business
or merger, consolidation or amalgamation or (ii) the Merger, in which case no dollar limitation shall be applicable); provided further that Holdings or any of its Restricted Subsidiaries may carry over and make in subsequent
twelve-month periods, in addition to the amounts permitted for such twelve-month period, up to (x) prior to the Merger, $10.0 million and (y) following the Merger, $30.0 million, in each case, of unutilized capacity under this clause
(gg) attributable to the immediately preceding twelve-month period; 
 (hh) payments of cash, dividends, distributions,
advances, common stock or other Restricted Payments by Holdings or any of its Restricted Subsidiaries to allow the payment of cash in lieu of the issuance of fractional shares upon (i) the exercise of options or warrants, (ii) the
conversion or exchange of Capital Stock of any such Person or (iii) the conversion or exchange of Indebtedness or hybrid securities into Capital Stock of any such Person; 
 (ii) the payment of any amounts in respect of any restricted stock units or other instruments or rights whose value is based in whole or in part on the value of any Equity Interests issued to any
directors, officers or employees of Holdings or any Restricted Subsidiary of Holdings; and 
 (jj) any Restricted Payments that
are required to be made in connection with the consummation of the Merger in order to comply with or give effect to the provisions of the Merger Agreement. 
 Section 6.3 Financial Covenants. 
 (a) Minimum Control Cash
Amount. The Obligors shall maintain deposit accounts and securities accounts (not including, for purposes of this Section 6.3(a), the Collateral Account) with an aggregate balance of cash and/or Cash Equivalents at all times equal to at
least the Minimum Control Cash Amount (as hereinafter defined) with banks or financial institutions with which each relevant Obligor and the Administrative Agent have entered into control agreements in form and substance reasonably satisfactory to
the Administrative Agent (each, a “Control Agreement”) and which are subject to a Lien granted pursuant to the Security Agreement. Each such Control Agreement shall provide that the relevant Obligor has access to the funds and other
assets carried therein, but only until a “Notice of Exclusive Control” or the equivalent is given by the Administrative Agent. The term “Minimum Control Cash Amount” means, at any time, the amount set forth set forth in
the table below across from the then aggregate outstanding principal amount of the Loans: 
  

					
	 Outstanding Loan Principal Amount
	  	Minimum Control Cash Amount	 
	 > $700,000,000
	  	$	750,000,000	  
	 < $700,000,000 and > $650,000,000
	  	$	700,000,000	  
	 < $650,000,000 and > $600,000,000
	  	$	650,000,000	  
	 < $600,000,000 and > $550,000,000
	  	$	600,000,000	  
	 < $550,000,000 and > $500,000,000
	  	$	550,000,000	  
	 < $500,000,000 and > $450,000,000
	  	$	500,000,000	  
	 < $450,000,000 and > $400,000,000
	  	$	450,000,000	  

  
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	 Outstanding Loan Principal Amount
	  	Minimum Control Cash Amount	 
	 < $400,000,000 and > $350,000,000
	  	$	400,000,000	  
	 < $350,000,000 and > $300,000,000
	  	$	350,000,000	  
	 < $300,000,000 and > $250,000,000
	  	$	300,000,000	  
	 < $250,000,000 and > $200,000,000
	  	$	250,000,000	  
	 < $200,000,000 and > $150,000,000
	  	$	200,000,000	  
	 < $150,000,000 and > $100,000,000
	  	$	150,000,000	  
	 < $100,000,000 and > $50,000,000
	  	$	100,000,000	  
	 < $50,000,000
	  	$	50,000,000	  

 (b) Minimum Collateral Coverage Ratio. The Borrower shall not permit a Collateral Coverage Failure
to occur at any time; provided, however, that (i) if at any time, it is determined that a Collateral Coverage Ratio Failure has occurred, the Borrower shall, within 45 days of the date of such determination, prepay the Loan and/or
deposit or pledge additional Collateral pursuant to Section 5.8(c)(i), in each case in an amount sufficient to ensure that a Collateral Coverage Ratio Failure is not continuing after giving effect to such prepayment, pledge or deposit,
(ii) if at any time, it is determined that a Core Collateral Failure has occurred, the Borrower shall, within 45 days of the date of such determination, pledge Core Collateral pursuant to Section 5.8(c)(ii) in an amount sufficient to
ensure that a Core Collateral Failure is not continuing after giving effect to such pledge and (iii) the Borrower shall not be in default under this Section 6.3(b) unless it has failed to take any of the actions described in clause
(i) or (ii) hereof within the specified period of time. 
 (c) Minimum Liquidity. The Borrower shall not, at
the close of any Business Day, permit the sum of (i) the aggregate amount of Unrestricted Cash and (ii) the aggregate principal amount committed and available to be drawn by Holdings and its Restricted Subsidiaries (excluding any
Receivables Subsidiary and taking into account all borrowing base limitations or other restrictions) under all revolving credit facilities of Holdings and its Restricted Subsidiaries (excluding any Receivables Subsidiary) to be less than
(A) prior to the Merger, $850,000,000 and (B) following the Merger, $2,000,000,000. 
 Section 6.4 Restriction
on Acquisitions. No Obligor will, nor will it permit any other Obligor to, acquire by purchase or otherwise all or substantially all of the business, property or assets of any Person or any division or line of business of any Person (excluding
purchases and acquisitions in the Ordinary Course of Business by an Obligor of property from any Person not constituting all or substantially all of the property of such Person, each an “Acquisition”), or all or substantially all of
the Capital Stock or other evidence of beneficial ownership of any Person, or acquire any Person as a new Subsidiary, except that the Obligors may make acquisitions of Capital Stock, the assets and/or the business of another Person (including any
division or line of business of such Person) or acquire any Person as a new Subsidiary so long as (i) except in the case of an acquisition of an Affiliate of an Obligor, the acquisition primarily involves the acquisition of assets to be used in
the business of an Obligor as engaged in by such Obligor on the date hereof, (ii) except in the case of an acquisition of an Affiliate of an Obligor, immediately before and after giving effect thereto, no Default or Event of Default shall have
occurred and be continuing, (iii) immediately after giving effect to the acquisition, the Obligors shall be in compliance on a Pro Forma Basis with Section 6.3 and, except in the case of an acquisition of an Affiliate of an Obligor, such
compliance shall be evidenced by an Officer’s Certificate of the Borrower demonstrating such compliance, (iv) if the acquisition is structured as a consolidation or merger, it complies with Section 6.8, and (v) the Obligors
comply with their obligations under Section 5.8(a) and/or (b) with respect to the properties, assets or Person so acquired (as applicable). 
 Section 6.5 [Reserved]. 

  
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 Section 6.6 Transactions with Affiliates. 

(a) Holdings will not, and will not permit any other Obligor to, make any payment to or sell, lease, transfer or otherwise dispose of any
of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of Holdings (each an
“Affiliate Transaction”) involving aggregate payments or consideration in excess of (x) prior to the Merger, $20,000,000 and (y) following the Merger, $60,000,000, unless: 

(i) the Affiliate Transaction is on terms that are not materially less favorable to Holdings or the relevant Obligor
(taking into account all effects Holdings or such Obligor expects to result from such transaction whether tangible or intangible) than those that would have been obtained in a comparable transaction by Holdings or such Obligor with an unrelated
Person; and 
 (ii) the applicable Obligor delivers to the Administrative Agent: 

(1) (A) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate
consideration in excess of (x) prior to the Merger, $50,000,000 and (y) following the Merger, $150,000,000, an Officer’s Certificate certifying that such Affiliate Transaction complies with clause (i) of this Section 6.6(a);
and 
 (2) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving
aggregate consideration in excess of (x) prior to the Merger, $100,000,000 and (y) following the Merger, $300,000,000, an opinion as to the fairness to Parent or such Restricted Subsidiary of such Affiliate Transaction from a financial
point of view issued by an accounting, appraisal or investment banking firm of national standing. 
 (b) The following items
will not be deemed to be Affiliate Transactions and, therefore, will not be subject to the provisions of Section 6.6(a) hereof: 
 (i) the agreements listed on Schedule 6.6(b) as in effect on the Closing Date or any transaction contemplated thereby 

(ii) transactions contemplated by the Marketing and Service Agreements; 

(iii) transactions between any Obligor with any employee labor unions or other employee groups of such Obligor provided
such transactions are not otherwise prohibited by this Agreement; 
 (iv) following the Merger, transactions
between or among Holdings and/or its Restricted Subsidiaries (including without limitation in connection with any full or partial “spin-off” or similar transactions); 

(v) transactions with a Person (other than an Unrestricted Subsidiary of Holdings) that is an Affiliate of Holdings solely
because Holdings owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 
 (vi) payment of fees, compensation, reimbursements of expenses (pursuant to indemnity arrangements or otherwise) and reasonable and customary indemnities provided to or

  
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on behalf of officers, directors, employees or consultants of Holdings or any of its Restricted Subsidiaries 

(vii) loans or advances to officers, directors or employees of Holdings or any of its Restricted Subsidiaries, in an
amount not to exceed (x) prior to the Merger, $10,000,000 and (y) following the Merger, $30,000,000; 

(viii) Investments and Restricted Payments permitted under this Agreement; 

(ix) any issuance of Qualifying Equity Interests or any increase in the liquidation value of the preferred stock of
Holdings; 
 (x) any employment agreement, confidentiality agreement, non-competition agreement, incentive plan,
employee stock option agreement, long-term incentive plan, profit sharing plan, employee benefit plan, officer or director indemnification agreement or any similar arrangement entered into by Holdings or any of its Restricted Subsidiaries in the
Ordinary Course of Business and payments pursuant thereto; 
 (xi) transactions with customers, clients,
suppliers or purchasers or sellers of goods or services in the Ordinary Course of Business or transactions with joint ventures, alliances, alliance members or Unrestricted Subsidiaries entered into in the Ordinary Course of Business; 

(xii) transactions with captive insurance companies of any Obligor; 

(xiii) transactions between or among any of Holdings and/or its Subsidiaries or transactions between a Receivables
Subsidiary and any Person in which the Receivables Subsidiary has an Investment; 
 (xiv) transactions pursuant
to agreements or arrangements in effect on the Closing Date or any amendment, modification or supplement thereto or replacement thereof and any payments made or performance under any agreement as in effect on the Closing Date or any amendment,
replacement, extension or renewal thereof (so long as such agreement as so amended, replaced, extended or renewed is not materially less advantageous, taken as a whole, to the Lenders than the original agreement as in effect on the Closing Date);

 (xv) transactions between or among Parent and/or its Subsidiaries or transactions between a Non-Recourse
Financing Subsidiary and any Person in which the Non-Recourse Financing Subsidiary has an Investment; and 

(xvi) any purchase by Holdings’ Affiliates of Indebtedness of Holdings or any of its Restricted Subsidiaries, the
majority of which Indebtedness is offered to Persons who are not Affiliates of Holdings. 
 Section 6.7 Conduct of
Business. From and after the date hereof, (a) no Obligor shall engage in any principal line of business other than (i) any business that is similar or reasonably related, ancillary, supporting or complementary to, or any reasonable
extension of, the businesses engaged in by the Obligors on the date hereof and related businesses and (ii) such other lines of business as may be consented to by the Requisite Lenders, and (b) each of the Excluded Subsidiaries shall
not engage in any business other than the business engaged in by it on the Closing Date. 

  
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 Section 6.8 Merger or Consolidation. No Obligor will consolidate with or merge
with any other Person or convey, lease or transfer its properties and assets substantially as an entirety to any Person, unless (a) (i) in the case of a consolidation or merger involving a Principal Obligor, either (x) a Principal Obligor
is the surviving entity and, other than in the case of Holdings, the Principal Obligor remains a wholly-owned Subsidiary of Holdings or (y) only in respect of a Principal Obligor that is not Holdings, a Permitted Holder is the surviving entity
and becomes, contemporaneously with such consolidation or merger, a wholly-owned Subsidiary of Holdings (and in such case the Permitted Holder shall thereafter be deemed an “Obligor” and a “Principal Obligor” for the purposes of
this Agreement) and shall expressly assume, by an agreement executed and delivered to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, all of such Principal Obligor’s obligations under each
Loan Document to which it is a party), or (ii) in the case of a consolidation or merger involving any other Obligor, such Obligor is the surviving entity or if such Obligor is not the surviving entity, such surviving entity or the Person that
acquires by conveyance, lease or transfer the properties and assets of such Obligor substantially as an entirety, shall be a corporation or limited liability company organized and existing under the laws of the United States of America or any State
thereof or the District of Columbia, and shall expressly assume, by an agreement executed and delivered to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, all of such Obligor’s obligations
under each Loan Document to which it is a party; (b) immediately before and after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing and immediately after giving effect to such transaction,
the Borrower shall be in compliance, on a Pro Forma Basis, with Section 6.3; and (c) the Borrower has delivered to the Administrative Agent an Officer’s Certificate and an opinion of counsel from counsel reasonably satisfactory to the
Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, stating that such consolidation, merger, conveyance, lease or transfer and such agreement comply with this Section 6.8 and that all conditions
precedent herein provided for relating to such transaction have been complied with and addressing such other matters as may be reasonably requested by the Administrative Agent. Notwithstanding anything to the contrary contained in this
Section 6.8, (A) any Obligor may merge or consolidate with any other Obligor; provided that, except with respect to any merger, consolidation, conveyance, lease, or transfer pursuant to clause (D) below, in the case of each
such merger or consolidation involving a Principal Obligor, such Principal Obligor shall be the continuing or surviving Person, (B) any Obligor may convey, lease or transfer its properties and assets substantially as an entirety to any other
Obligor and (C) any Principal Obligor may merge or consolidate with any other Principal Obligor; provided that, except with respect to any merger, consolidation, conveyance, lease, or transfer pursuant to clause (D) below, in the
case of each such merger or consolidation involving the Borrower, the Borrower shall be the continuing or surviving Person and (D) notwithstanding anything to the contrary herein, following the Merger, any Obligor (including the Borrower or any
other Principal Obligor) may merge or consolidate with or into or convey, lease or transfer its properties and assets substantially as an entirety to any AMR Obligor and any Affiliate of an AMR Obligor if the Person that is the surviving entity (if
other than such Obligor) or the Person that acquires by conveyance, lease or transfer the properties and assets of such Obligor substantially as an entirety, shall be a corporation or limited liability company organized and existing under the laws
of the United States of America or any State thereof or the District of Columbia, and shall expressly assume, by an agreement executed and delivered to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative
Agent, all of such Obligor’s obligations under each Loan Document to which it is a party (whereupon such Person shall be deemed a “Principal Obligor” hereunder, to the extent the such Obligor or such Person making such acquisition was
a Principal Obligor immediately prior to such acquisition). 
 Section 6.9 Limitations on Amendments. 

(a) No Obligor will, nor will it permit any other Obligor to, amend, adopt or terminate any Plan (i) unless such action could not
reasonably be expected to have a Material Adverse 

  
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Effect, or (ii) in any manner that could reasonably be expected to give the PBGC a sound and just basis to commence Proceedings against the Obligors on the basis that such action constitutes
a subsequent change in connection with the Obligor’s termination or replacement of the defined benefit Retirement Income Plan for Pilots of US Airways, Inc. with the 2003 Pilots Defined Contribution Plan. 

(b) No Obligor shall amend, restate, supplement or modify (or consent to or permit any amendment, restatement, supplement or modification
of) its Investment Guidelines without the prior written consent of the Administrative Agent; provided, that, for the avoidance of doubt, this Section 6.9(b) shall not be deemed to prohibit the adoption of the Investment Guidelines by any
Obligor. 
 Section 6.10 No Further Negative Pledges. Except with respect to (a) specific property encumbered
to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to a permitted Asset Disposition (including sale-leaseback transactions not prohibited by this Agreement), (b) restrictions by reason of
customary provisions restricting pledges, Liens, assignments, subletting or other transfers contained in leases, licenses and similar agreements entered into in the Ordinary Course of Business (provided that such restrictions are limited to
the property or assets secured by such Liens or the property or assets subject to such leases, licenses or similar agreements, as the case may be), (c) negative pledges contained in the Airbus Financing Letter, Agreement and Permitted
Acquisition Financing (and any Permitted Refinancing Indebtedness thereof), (d) Permitted Refinancing Indebtedness of Indebtedness outstanding on the Closing Date and (e) negative pledges contained in the documentation for any Qualified
Receivables Subsidiary, after the date hereof, no Obligor will, nor will it permit any other Obligor to, enter into any agreement prohibiting the creation or assumption of any Lien to secure the Obligations upon any of its properties or assets,
whether now owned or hereafter acquired to the extent that such properties or assets are required to be pledged to secure the Obligations pursuant to the provisions of any Collateral Document that are applicable as of the date of any such agreement.

 Section 6.11 Hedging and Cost Management Strategies. No Obligor will, nor will it permit any other Obligor to,
become a general partner in any general or limited partnership or joint venture engaged or involved in, nor will any Obligor engage in any transaction involving, commodity options or future contracts or any similar speculative transactions;
provided, however, that the following transactions shall not be prohibited by this Section 6.11 (or, notwithstanding anything to the contrary herein, any other provision hereof): (a) transactions and strategies (including,
without limitation, purchase, sale and derivative transactions) intended to address or have the effect of managing fuel costs and other costs, regardless of whether such transactions or strategies have been previously engaged by such Obligor or
Person engaged in a business similar to that of such Obligor, (b) transactions designed to hedge interest rates entered into in the Ordinary Course of Business with respect to notional amounts not to exceed actual or anticipated Indebtedness
and not entered into for speculative purposes and (c) transactions designed to hedge against risks associated with fluctuations in currencies entered into in the Ordinary Course of Business, and not entered into for speculative purposes.

 Section 6.12 Asset Dispositions. No Obligor will, nor will it permit any other Obligor to, directly or
indirectly, consummate any Asset Disposition, unless, after giving effect to such Asset Disposition there is no Collateral Coverage Failure (determined after giving effect to (A) the deposit of the Net Cash Proceeds of such Asset Disposition or
the deposit at the time of such Asset Disposition of other cash or Cash Equivalents into the Collateral Account and (B) the pledge of additional Collateral at the time of such Asset Disposition pursuant to Section 5.8(d)). 

Section 6.13 Hazardous Materials. No Obligor shall cause or knowingly permit a Release of any Hazardous Material on, at, in,
under, above, to, from or about any of the Collateral where such Release would (a) violate in any respect, or form the basis for any Liabilities pursuant to 

  
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Environmental Laws, or (b) otherwise adversely affect the value or marketability of any of the Collateral, other than in the case of each of clauses (a) and (b), such violations,
Releases or Liabilities pursuant to Environmental Laws that would not reasonably be expected to have a Material Adverse Effect. 

Section 6.14 ERISA Events. No Obligor shall, or shall cause or permit any ERISA Affiliate to, cause or permit to occur
(i) an event that could result in the imposition of a lien under Section 430 of the Internal Revenue Code or Section 303 or 4068 of ERISA or (ii) an ERISA Event, except in each case to the extent such lien or such ERISA Event
could not reasonably be expected to have a Material Adverse Effect. 
 ARTICLE VII 

EVENTS OF DEFAULT 
 Section 7.1 Events of Default. Each of the following events shall constitute an “Event of Default”: 
 (a) (i) failure by the Borrower to pay any installment of principal of the Loans on the date due, whether at stated maturity, by acceleration, by mandatory prepayment or otherwise, (ii) failure
by the Borrower to pay any interest on the Loans within five (5) Business Days of the date due or (iii) failure by the Borrower to pay any fee or any other amount when due under this Agreement or any other Loan Document within ten
(10) Business Days after receipt of written notice from the Administrative Agent of such failure to pay when due; or 
 (b)
any Obligor or any of its Subsidiaries defaults (other than defaults referred to in clause (a) of this Section 7.1) under one or more Capital Leases, agreements for Indebtedness (other than the Co-Branded Card Agreement) or Operating
Leases and such default relates to any Capital Leases or any other agreements for Indebtedness which have a principal amount that equals or exceeds (x) prior to the occurrence of the Merger, $50,000,000 and (y) if the Merger occurs,
$150,000,000, or any Operating Leases under which the aggregate net present value of the remaining basic rent payments (as determined in accordance with the formulas for calculating “net present value” under the applicable leases or for
leases without such formulas, in accordance with formulas under leases for comparable terms and comparable amounts) equals or exceeds (x) prior to the occurrence of the Merger, $50,000,000 and (y) if the Merger occurs, $150,000,000, if
such defaults, either individually or in the aggregate, shall have (A) resulted in the acceleration of the payment of such Indebtedness (other than the Co-Branded Card Agreement) or occurred at the final maturity of such Indebtedness and the
applicable creditors have exercised remedies thereunder or (B) resulted in the termination of one or more such Operating Leases; provided that the failure by an Obligor to make one or more payments that are attributable to and relate
solely to return conditions under any aircraft lease shall not constitute an Event of Default under this Section 7.1(b) so long as the Obligor is, in good faith, disputing the amount of such payments; or 

(c) failure by an Obligor to (1) perform or comply with any term or condition contained in Section 5.2, Section 5.10 or
Article VI of this Agreement (other than Section 6.3(a) or 6.3(c)) or (2) to perform or comply with the provisions set forth in Section 6.3(a), except that, in the case of any failure to perform or comply arising by reason of a
fluctuation in the value of Cash Equivalents or other investments in accounts subject to the Control Agreements referred to therein, no Event of Default shall occur unless such failure to perform or comply shall not have been remedied or waived
within ten (10) Business Days after the date of such failure to perform or comply; or 
 (d) any representation, warranty,
certification or other statement made by any Obligor in any Loan Document or in any statement or certificate at any time given by any Obligor in 

  
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writing pursuant hereto or thereto or in connection herewith or therewith shall be false in any material respect on the date as of which made and such representation, to the extent capable of
being corrected, is not corrected within ten (10) Business Days after the earlier of (A) a Responsible Officer of a Principal Obligor obtaining knowledge of such default or (B) receipt by the Borrower of notice from the Administrative
Agent of such default; or 
 (e) any default by any Obligor in the performance of or compliance with any provision contained in
this Agreement or any of the other Loan Documents required to be performed or complied with by it (other than any such provision referred to in any other clause of this Section 7.1), (i) with respect to a default under Section 6.3(c),
such default shall not have been remedied or waived within two (2) Business Days after the date of such default and (ii) with respect to any other default, such default shall not have been remedied or waived within sixty (60) days
after the earlier of (A) a Responsible Officer of a Principal Obligor obtaining knowledge of such default or (B) receipt by the Borrower of notice from the Administrative Agent of such default; or 

(f) (i) a court shall enter a decree or order for relief in respect of any Obligor or its Subsidiaries in an involuntary case under
the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or any other relief described in clause (ii) below or other similar relief shall be granted under any applicable federal or
state law; or (ii) an involuntary case shall be commenced against any Obligor or its Subsidiaries seeking (A) relief under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect,
(B) the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over such Obligor or such Subsidiary, or over all or a substantial part of its property, or (C) the appointment of an
interim receiver, trustee or other custodian of any Obligor or its Subsidiaries for all or a substantial part of its property, and any such event described in this clause (ii) against such Obligor shall continue for 60 days without being
dismissed or discharged; or (iii) a warrant of attachment, execution or similar process shall have been issued against all or any substantial part of the property of any Obligor; or 

(g) (i) any Obligor or its Subsidiaries shall have an order for relief entered with respect to it or 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 of all or a substantial part of its property; or (ii) any Obligor or its Subsidiaries shall make any
assignment for the benefit of creditors; or (iii) the board of directors of any Obligor or its Subsidiaries (or any committee thereof) shall adopt any resolution to approve any of the actions referred to in clauses (i) or (ii) above;
or 
 (h) one or more final judgments or orders for the payment of money in an aggregate amount in excess of (i) prior to
the occurrence of the Merger, $50,000,000 and (ii) if the Merger occurs, $150,000,000 (in each case, determined net of amounts covered by insurance policies issued by creditworthy insurance companies or by third party indemnities or a
combination thereof), which judgments are not paid, discharged, bonded, satisfied or stayed within a period of sixty (60) days; or 
 (i) any order, judgment or decree shall be entered against any Obligor decreeing the dissolution of such Obligor and such order shall remain undischarged or unstayed for a period in excess of sixty
(60) days; or 
 (j) (i) (A) any of the Loan Documents shall cease to be enforceable against any Obligor party thereto
or in full force and effect or (B) any Obligor shall so assert or (ii) (A) any Lien under the Collateral Documents on any material portion of the Collateral shall cease to be valid and

  
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enforceable and of the same effect purported to be created thereby or shall fail or cease to be a perfected Lien with the priority required by the applicable Collateral Document (subject to
Permitted Encumbrances and, in each case, other than (x) as permitted by the terms of this Agreement and the Collateral Documents, (y) as a result of any action by the Administrative Agent or any Secured Party or (z) as a result of
the failure of the Administrative Agent or any Secured Party to take any action within its control), or (B) any Obligor shall so assert the invalidity or lack of enforceability, perfection or priority of any such Lien and, in the case of clause
(ii)(A) of this subsection (j), such default shall continue unremedied for a period of fifteen (15) consecutive days after the Borrower has received written notice thereof from the Administrative Agent; or 

(k) any Obligor shall fail to carry and maintain (or to cause to be carried and maintained) on or with respect to Aircraft or Engines
constituting Collateral airline liability insurance required to be maintained pursuant hereto or in accordance with the provisions of the related Collateral Documents; or 
 (l) any Obligor shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or 
 (m) the termination of any Plan of the Borrower pursuant to Section 4042 of ERISA and such termination would reasonably be expected to result in a Material Adverse Effect; or 

(n) suspension of all or substantially all of the Obligors’ flight and other operations for more than five consecutive days
(excluding, however, any such suspension as a result of an order by an Aviation Authority due to a force majeure or any other extraordinary event similarly affecting other major U.S. commercial carriers). 

Section 7.2 Remedies. During the continuance of any Event of Default, the Administrative Agent may, and at the request of the
Requisite Lenders shall, declare the Loans, all interest thereon and all other amounts and Obligations payable under this Agreement to be immediately due and payable, whereupon the Loans, all such interest and all such amounts and Obligations shall
become and be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower; provided, however, that upon the occurrence of an Event of Default
specified in Section 7.1(f) or Section 7.1(g), the Loans, all such interest and all such amounts and Obligations shall automatically become and be immediately due and payable, without presentment, demand, protest or any notice of any kind,
all of which are hereby expressly waived by the Borrower. In addition to the remedies set forth above, the Administrative Agent may exercise any remedies provided for by the Collateral Documents or any other remedies provided by applicable law.

 ARTICLE VIII 
 THE ADMINISTRATIVE AGENT 
 Section 8.1 Appointment, Powers and
Immunities. Each of the Lenders hereby appoints and authorizes Citicorp North America, Inc., to act as its administrative agent and collateral agent hereunder with such powers as are specifically delegated to the Administrative Agent by the
terms of this Agreement, together with such other powers as are reasonably incidental thereto. Without limiting the foregoing, each of the Lenders hereby authorizes the Administrative Agent to execute and deliver each of the Collateral Documents.
The Administrative Agent (which term as used in this sentence and in Section 8.5 hereof and the first sentence of Section 8.6 hereof shall include reference to its affiliates and its own and its affiliates’ officers, directors,
employees and agents): 

  
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 (a) shall have no duties or responsibilities except those expressly set forth in this
Agreement and the other Loan Documents, and shall not by reason of this Agreement or the other Loan Documents be a trustee or fiduciary for any party hereto; 
 (b) shall not be responsible to the Lenders for any recitals, statements, representations or warranties contained in this Agreement, or in any certificate or other document referred to or provided for in,
or received by any of them under, this Agreement, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of any Loan Document or any other document referred to or provided for herein or therein or for any failure by
the Borrower or any other Person to perform any of its obligations hereunder or thereunder; 
 (c) shall not be required to
initiate or conduct any litigation or collection proceedings hereunder (and shall not commence an action or proceeding on behalf of any Lender without obtaining the consent of such Lender thereto); 

(d) shall not be responsible for any computation made in good faith under Section 6.3 hereof or for any other action taken or
omitted to be taken by it hereunder or under any other document or instrument referred to or provided for herein or therein or in connection herewith or therewith, except for its own gross negligence or willful misconduct; and 

(e) shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or Requirement of Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law. 

The Administrative Agent may employ agents and attorneys-in-fact and shall not be responsible for the negligence or misconduct (except for the gross
negligence or willful misconduct) of or for the supervision of any such agents or attorneys-in-fact selected by it in good faith. 
 Section 8.2 Reliance by Administrative Agent. The Administrative Agent shall be entitled to conclusively rely upon any certification, notice or other communication (including, without
limitation, any thereof by telephone, telecopy, email, telegram or cable) reasonably believed by it to be genuine and correct and to have been signed, made or sent by or on behalf of the proper Person or Persons, and upon advice and statements of
legal counsel and other experts selected by the Administrative Agent, as the case may be. As to any matters not expressly provided for by this Agreement, the Administrative Agent shall in all cases be fully protected in acting, or in refraining from
acting, hereunder in accordance with instructions given by the Requisite Lenders (or such other percentage of the Lenders, as a whole or of a particular Class, as shall be expressly provided for in the Loan Documents), and such instructions and any
action taken or failure to act pursuant thereto shall be binding on all of the Lenders. 
 Section 8.3 Defaults. The
Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of a Default (other than a failure to make a payment of principal of or interest on the Loan) unless the Administrative Agent has received notice from a Lender or
the Borrower specifying such Default and stating that such notice is a “Notice of Default.” In the event that the Administrative Agent receives a notice of a Default, the Administrative Agent shall give prompt notice thereof to the
Lenders. The Administrative Agent shall (subject to Section 8.7 hereof) take such action with respect to any such Default as shall be directed by the Requisite Lenders; provided that, unless and until the Administrative Agent shall have
received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interest of the Lenders except to the
extent that this 

  
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Agreement expressly requires that such action be taken, or not be taken, only with the consent or upon the authorization of the Requisite Lenders or all of the Lenders. 

Section 8.4 Rights as a Lender. With respect to its Commitments and the Loans, if any, made by it, Citibank (and any
successor acting as Administrative Agent) in its capacity as a Lender hereunder shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not acting as the Administrative Agent, and the term
“Lender” shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. Citibank (and any successor acting as Administrative Agent) and its affiliates may (without having to account therefor to
any Lender) accept deposits from, lend money to, make investments in and generally engage in any kind of banking, trust or other business with the Borrower as if it were not acting as the Administrative Agent, and Citibank (and any such successor)
and its affiliates may accept fees and other consideration from the Borrower for services in connection with this Agreement or otherwise without having to account for the same to the Lenders. 

Section 8.5 Indemnification. The Lenders agree to indemnify the Administrative Agent (to the extent not reimbursed under
Section 9.4 hereof, but without limiting the obligations of the Borrower under said Section 9.4) ratably in accordance with the aggregate of the aggregate principal amount of the Loans and aggregate Commitments held by the Lenders for any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever (including without limitation legal fees and expenses) that may be imposed on, incurred by or
asserted against the Administrative Agent arising out of or by reason of any investigation in any way relating to or arising out of this Agreement or any other documents contemplated by or referred to herein or therein or the transactions
contemplated hereby or thereby (including, without limitation, the costs and expenses that the Borrower is obligated to pay under Section 9.4 hereof, but excluding, unless an Event of Default has occurred and is continuing, normal
administrative costs and expenses incident to the performance of its agency duties hereunder) or the enforcement of any of the terms hereof or thereof or of any such other documents, provided, that no Lender shall be liable for any of the foregoing
to the extent they arise from the gross negligence or willful misconduct of the party to be indemnified. The obligations of the Lenders under this Section 8.5 shall survive the termination of this Agreement, the repayment of the Loan, the
termination of the Commitments and the resignation or removal of the Administrative Agent. 
 Section 8.6 Non-Reliance
on Administrative Agent and Other Lenders. Each of the Lenders agrees that it has, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made
its own credit analysis of the Borrower and decision to enter into this Agreement and that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement and the Notes. The Administrative Agent shall not be required to keep itself informed as to the performance or observance by
the Borrower of this Agreement and the Notes or any other document referred to or provided for herein or therein or to inspect the properties or books of the Borrower. Except for notices, reports and other documents and information expressly
required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition
or business of the Borrower that may come into the possession of the Administrative Agent or any of its affiliates. 

Section 8.7 Failure to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative
Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall receive further assurances to its satisfaction from 

  
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the Lenders of their indemnification obligations under Section 8.5 hereof against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any
such action. 
 Section 8.8 Resignation or Removal of Administrative Agent. Subject to the appointment and
acceptance of a successor Administrative Agent as provided below, the Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower, and the Administrative Agent may be removed at any time with or without cause
by the Requisite Lenders at no cost to the Borrower other than the payment of the fees of any successor Administrative Agent. Upon any such resignation or removal, the Requisite Lenders, in consultation with the Borrower, shall have the right to
appoint a successor Administrative Agent, which shall be a bank that has an office in New York, New York or London, England. If no successor Administrative Agent shall have been so appointed by the Requisite Lenders and shall have accepted such
appointment within 30 days after the retiring Administrative Agent’s giving of notice of resignation or the Requisite Lenders’ removal of the retiring Administrative Agent, then the retiring Administrative Agent may, on behalf of the
Lenders, appoint a successor Administrative Agent, which shall be a bank that has an office in New York, New York and that has a combined capital and surplus of at least $500,000,000. Upon the acceptance of any appointment as an Administrative Agent
hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and shall notify the Lenders and
the Borrower thereof, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. Notwithstanding the foregoing, no removal of the Administrative Agent shall be effective until all amounts then due and owing
to the removed Administrative Agent shall be paid in full. After any retiring Administrative Agent’s resignation or removal hereunder as Administrative Agent, the provisions of this Article VIII shall continue in effect for its benefit in
respect of any actions taken or omitted to be taken by it while it was acting as the Administrative Agent. 
 Section 8.9
Release of Collateral or Guarantors. Each of the Lenders hereby consents to the release and hereby directs the Administrative Agent to, and the Administrative Agent hereby agrees: 

(a) to release any Subsidiary of Holdings from its guarantee of any Obligation of any Obligor if (i) all of the Capital Stock of
such Subsidiary owned by Holdings or any of its Subsidiaries are sold or otherwise transferred in a Disposition not prohibited by Section 6.12 (including pursuant to a waiver or consent), to the extent that, after giving effect to such sale,
such Subsidiary would not be required to guarantee any Obligations pursuant to Section 5.8, (ii) such Subsidiary is designated as an Unrestricted Subsidiary pursuant to Section 5.17 or (iii) such Subsidiary becomes an Immaterial
Subsidiary; 
 (b) to release (or, in the case of clause (b)(iii) and (b)(iv) below, at the option of the Borrower, release or
subordinate) any Lien held by the Administrative Agent for the benefit of the Secured Parties against (i) any Collateral that is sold by an Obligor in a sale permitted by the Loan Documents (including pursuant to a valid waiver or consent and
including the sale or contribution of Accounts constituting Collateral in connection with a Qualified Receivables Transaction), to the extent all Liens required to be granted in such Collateral pursuant to Section 5.8 after giving effect to
such sale have been granted and with respect to which the relevant Obligor complies with Section 2.6(b), as applicable, (ii) any Collateral to the extent the release of any Lien in such Collateral is permitted or required under any Loan
Document (including, without limitation, (x) the proviso in Section 5.8(b) and (y) Section 5.17), (iii) any Collateral (including any cash or Cash Equivalents on deposit in the Collateral Account) upon the written direction
of the Borrower so long as (x) no Default or Event of Default has occurred or is continuing and (y) after giving effect to such release and the exclusion of the Appraised Value of such Collateral or the amount of Accounts constituting such
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the Collateral Coverage Ratio, there would not be a Collateral Coverage Failure and (iv) all of the Collateral and all Obligors, upon (A) termination of the Commitments,
(B) payment and satisfaction in full of all Loans and all other Obligations that the Administrative Agent has been notified in writing are then due and payable, (C) deposit of cash collateral with respect to all contingent Obligations as
to which claims have been asserted or are pending, in amounts and on terms and conditions and with parties satisfactory to the Administrative Agent and each Indemnitee that is owed such Obligations and (D) to the extent requested by the
Administrative Agent, receipt by the Secured Parties of mutual liability releases from the Obligors and the Administrative Agent, each in form and substance acceptable to the Administrative Agent; and 

(c) upon receipt of reasonable advance notice from the Borrower, to execute and deliver or file such documents and to perform other
actions reasonably necessary to release the guaranties and Liens when and as directed in this Section 8.9; provided, that the Administrative Agent shall not be obligated to release any guarantee or Lien pursuant to this Section 8.9
until its receipt from the Borrower of an Officer’s Certificate certifying that such release complies with this Section 8.9, and the Administrative Agent shall be fully protected in relying on such Officer’s Certificate in connection
therewith. 
 Section 8.10 Arrangers, Bookrunners, Syndication Agents and Documentation Agents. Notwithstanding
anything herein to the contrary the Joint Lead Arrangers, the Bookrunner, the Syndication Agent and the Documentation Agent named on the cover page of this Agreement shall not, in their capacities as such, have any duties or liabilities under this
Agreement. 
 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.1 Amendments, Waivers, Etc. 

(a) Amendments and Waivers. No amendment, modification or waiver of any provision of this Agreement or any other Loan Document nor
consent to any departure by any Obligor therefrom shall in any event be effective unless the same shall be in writing and signed by the Requisite Lenders (or the Administrative Agent with the consent of the Requisite Lenders), and then any such
waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that: 
 (i) no amendment, modification, waiver or consent shall, unless in writing and signed by each Lender directly and adversely affected thereby, do any of the following: 

(1) increase, extend or reinstate the Commitment of such Lender or subject such Lender to any additional obligations;

 (2) extend the scheduled final maturity of any of the Loans or change the amount of or extend the scheduled
date fixed for the payment of any principal of any Loan (it being understood that the waiver of any mandatory prepayment of any Loan pursuant to Section 2.6 shall not constitute an extension of any scheduled date fixed for the payment of any
principal of the Loan); 
 (3) decrease the rate of interest on any Loan (other than as a result of waiving the
applicability of any post-default increase in interest rates) or any fee, indemnity or other amount payable to such Lender or extend any date fixed for payment 

  
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of such interest, indemnity or other amount or fees (it being understood that the waiver of any mandatory prepayment of any Loan pursuant to Section 2.6 shall not constitute an extension of
any date fixed for payment of such interest, indemnity or other amount or fees); 
 (4) amend the definition of
“Requisite Lenders” or this Section 9.1; 
 (5) release all or substantially all of the Collateral
or any Guarantor from its guarantee of any Obligation of the Borrower; and 
 (6) modify the application of
payments to the Loans under Section 2.9; 
 (ii) no amendment, modification, waiver or consent shall, unless
in writing and signed by the Administrative Agent, in addition to the Persons required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement or the other Loan Documents; 

(iii) any amendment, waiver or modification of this Agreement that by its terms disproportionately affects the rights and
duties under this Agreement of the Lenders of a particular Class (but not the Lenders of any other Class) may only be effected by an agreement or agreements in writing entered into by the Borrower and the Requisite Class Lenders ; and 

(iv) any Loan Document may be amended, supplemented or otherwise modified with the consent solely of the Administrative
Agent and the Obligors to (i) add assets (or categories of assets) to the Collateral, as contemplated by the definition of “Appraised Collateral”, (ii) to remove any asset or type or category of asset (including after-acquired
assets of that type or category) from the Collateral to the extent the release thereof is permitted by Section 8.9(b) or (iii) to make ministerial changes or corrections of manifest errors or omissions that do not directly adversely affect
any Lender. 
 Notwithstanding anything herein to the contrary, this Agreement may be amended in accordance with Section 2.14 or
Section 2.15. 
 (b) Execution of Amendments and Waivers by the Administrative Agent. The Administrative Agent may,
but shall have no obligation to, with the written concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of that Lender. Any waiver or consent shall be effective only in the specific instance and for the specific
purpose for which it was given. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances. 

(c) Non-Consenting Lenders. In connection with any proposed amendment, modification, waiver or termination requiring the consent
of all affected Lenders, if the consent of the Requisite Lenders is obtained, but the consent of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in this Section 9.1 being
referred to as a “Non-Consenting Lender”), then, so long as the Lender that is acting (or an Affiliate of which is acting) as the Administrative Agent is not a Non-Consenting Lender, the Borrower shall have the right to: 

(i) propose to the Administrative Agent one or more Eligible Lenders to purchase all of the portion of the Loans (and
Commitments, if any) of such Non-Consenting Lender and, upon the consent of the Administrative Agent (not to be unreasonably withheld, delayed or conditioned) to any of such Eligible Lenders, such Eligible Lender shall have the right to

  
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purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees that it shall, upon the request of the Borrower or such Eligible Lender, sell and assign to such Eligible Lender,
all of the portion of the Loans (and Commitments, if any) of such Non-Consenting Lender for an amount equal to the principal balance of such portion of the Loans held by the Non-Consenting Lender and all accrued interest and fees with respect
thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment and Acceptance; provided, however, that at the time of such replacement, such assignee consents to the proposed amendment,
modification, waiver or termination; provided, further, that the failure of any Non-Consenting Lender to execute any such Assignment and Acceptance shall not render such purchase and sale (or the corresponding assignment) invalid; or

 (ii) purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees that it shall sell and
assign to the Borrower upon the request of the Borrower, all of the portion of the Loans (and Commitments, if any) of such Non-Consenting Lender for an amount equal to (or, with the consent of such Non-Consenting Lender, less than) the principal
balance of such portion of the Loans held by the Non-Consenting Lender and all accrued interest and fees with respect thereto through the date of sale), such purchase and sale to be consummated pursuant to an executed Permitted Purchaser Assignment
and Acceptance; provided, that the failure of any Non-Consenting Lender to execute any such Permitted Purchaser Assignment and Acceptance shall not render such purchase and sale (or the corresponding assignment) invalid; provided,
further, that all such Loans (and, as applicable, Commitments and Notes in respect thereof) assigned to the Borrower shall be deemed to be immediately cancelled and terminated on the closing date specified in such Permitted Purchaser
Assignment and Acceptance. 
 Section 9.2 Assignments and Participations; Successors and Assigns. 

(a) Right to Assign. Each Lender may sell, transfer, negotiate or assign all or a portion of its rights and obligations hereunder
(including all or a portion of its Commitments and its rights and obligations with respect to the Loan) to (i) any existing Lender, (ii) any Affiliate or Approved Fund of any existing Lender that, in each case, is otherwise an Eligible
Lender at the time of such assignment, (iii) any other Eligible Lender acceptable (which acceptance shall not be unreasonably withheld or delayed) to the Administrative Agent and, as long as no Event of Default is continuing, the Borrower or
(iv) any Permitted Purchaser in accordance with Section 9.2(g); provided that, with respect to all assignments under this Section 9.2 (other than assignments to any Permitted Purchaser, which assignments shall be governed by
Section 9.2(g) below), (A) such assignments must be ratable among the obligations owing to and owed by such Lender with respect to applicable Class being assigned, (B) the aggregate outstanding principal amount (determined as of the
Closing Date of the applicable Assignment and Acceptance) of the Loan and Commitments subject to any such assignment shall be an integral multiple of $1,000,000, unless such assignment is made to an existing Lender or an Affiliate or Approved Fund
of any existing Lender, is of the assignor’s (together with its Affiliates and Approved Funds) entire interest in the Term Facility or is made with the prior consent of the Borrower and the Administrative Agent, (C) the consent of the
Borrower shall not be required for any assignment by the Lenders party hereto on the Closing Date made in connection with the primary syndication of the Term Facility of their respective Commitments and Loans held on the Closing Date and
(D) the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 5 Business Days after having received notice thereof. 

(b) Procedure. The parties to each assignment made in reliance on clause (a) above (other than those described in clause
(d) or (e) below) shall deliver to the Administrative Agent (and the Administrative Agent shall keep a copy of all documents required to be delivered) the following: (i) an Assignment and Acceptance, executed by the assignor(s) and
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assignment; (ii) any existing Note subject to such assignment (or any affidavit of loss therefor acceptable to the Administrative Agent); (iii) any tax forms required to be delivered
pursuant to Section 2.12(f), and (iv) an assignment fee in the amount of $3,500; provided, that (1) if an assignment by a Lender is made to an Affiliate or an Approved Fund of such assigning Lender, then no assignment fee shall
be due in connection with such assignment, and (2) if an assignment by a Lender is made to an assignee that is not an Affiliate or Approved Fund of such assigning Lender, and concurrently to one or more Affiliates or Approved Funds of such
assignee, then only one assignment fee of $3,500 shall be due in connection with such assignment; provided, further, that the Administrative Agent may, in its sole discretion, elect to waive such assignment fee in the case of any
Assignment. Upon receipt of all the foregoing, and conditioned upon such receipt and upon the Administrative Agent consenting to such Assignment and Acceptance, from and after the Closing Date specified in such Assignment and Acceptance, the
Administrative Agent shall record or cause to be recorded in the Register the information contained in such Assignment and Acceptance. 
 (c) Effectiveness. Effective upon the entry of such record in the Register, (i) such assignee shall become a party hereto and, to the extent that rights and obligations under the Loan
Documents have been assigned to such assignee pursuant to such Assignment and Acceptance, shall have the rights and obligations of a Lender, (ii) any applicable Note shall be transferred to such assignee through such entry and (iii) the
assignor thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except for those surviving the termination of the Commitments and
the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering
all or the remaining portion of an assigning Lender’s rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto except that each Lender agrees to remain bound by Article VIII, Section 9.5 and
Section 9.6); provided, however, that the Obligors shall not be obligated to pay any greater amount under Section 2.10(b) or Section 2.12 to such assignee than the Obligors would have been obligated to pay to the
assigning Lender as of the date of such assignment in such Sections prior to such assignment. 
 (d) Grant of Security
Interests. In addition to the other rights provided in this Section 9.2, each Lender may, without the consent of the Administrative Agent or the Borrower, grant a security interest in, or otherwise assign as collateral, any of its rights
under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on any Loan), to (i) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to the
Administrative Agent or (ii) any other Person as security for such Lender’s obligations; provided, however, that no such other Person, whether because of such grant or assignment or any foreclosure thereon (unless such
foreclosure is made through an assignment in accordance with clause (a) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder. 

(e) Participants and SPVs. In addition to the other rights provided in this Section 9.2, each Lender may, (x) with
notice to the Administrative Agent, grant to an SPV the option to make all or any part of any Loan that such Lender would otherwise be required to make hereunder (and the exercise of such option by such SPV and the making of such Loan pursuant
thereto shall satisfy the obligation of such Lender to make such Loan hereunder) and such SPV may assign to such Lender the right to receive payment with respect to any Obligation and (y) without notice to or consent from the Administrative
Agent or the Borrower, sell participations to one or more Persons in or to all or a portion of its rights and obligations under the Loan Documents (including all its rights and obligations with respect to the Loan) (any such purchaser of a
participation being referred to as a “Participant”); provided, however, that, (1) whether as a result of any term of any Loan Document or of such grant or participation,

  
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(i) no such SPV or Participant shall have a commitment, or be deemed to have made an offer to commit, to make any Loan hereunder, and, except as provided in the applicable option agreement, none
shall be liable for any obligation of such Lender hereunder, (ii) such Lender’s rights and obligations, and the rights and obligations of the Obligors and the Secured Parties towards such Lender, under any Loan Document shall remain
unchanged and each other party hereto shall continue to deal solely with such Lender, which shall remain the holder of the Obligations in the Register, except that (A) each such Participant and SPV shall be entitled to the benefit of Sections
2.10, 2.11 and 2.12, but only to the extent such Participant or SPV delivers the tax forms pursuant to Section 2.12(f) and then only to the extent of any amount to which such Lender would be entitled in the absence of any such grant or
participation and (B) each such SPV may receive other payments that would otherwise be made to such Lender with respect to any Loan funded by such SPV to the extent provided in the applicable option agreement and set forth in a notice provided
to the Administrative Agent by such SPV and such Lender, provided, however, that in no case (including pursuant to clause (A) or (B) above) shall an SPV or Participant have the right to enforce any of the terms of any Loan
Document, (iii) the consent of such SPV or Participant shall not be required (either directly, as a restraint on such Lender’s ability to consent hereunder or otherwise) for any amendments, waivers or consents with respect to any Loan
Document or to exercise or refrain from exercising any powers or rights such Lender may have under or in respect of the Loan Documents (including the right to enforce or direct enforcement of the Obligations), except for those described in clauses
(2) and (3) of Section 9.1(a)(i) and, in the case of Participants, except for those described in clause (5) of Section 9.1(a)(i) and (2) such Lender maintains a register with respect to each such SPV or Participant in a
manner such that the Loans are in “registered form” as described in Treasury Regulations Section 5f.103-1(c). Notwithstanding the foregoing, each Lender agrees that none of the following Persons shall become a Participant hereunder:
(I) an airline, a commercial aircraft operator, an air freight forwarder or an entity principally engaged in the business of parcel transport by air, or (II) an Affiliate of any Person described in clause (I) above. No party hereto shall
institute (and the Borrower shall cause each other Obligor not to institute) against any SPV grantee of an option pursuant to this clause (e) any bankruptcy, reorganization, insolvency, liquidation or similar proceeding, prior to the date that
is one year and one day after the payment in full of all outstanding commercial paper of such SPV; provided, however, that each Lender having designated an SPV as such agrees to indemnify each Indemnitee against any Liability that may
be incurred by, or asserted against, such Indemnitee as a result of failing to institute such proceeding (including a failure to get reimbursed by such SPV for any such Liability). The agreement in the preceding sentence shall survive the
termination of the Commitments and the payment in full of the Obligations. 
 (f) Successors and Assigns. This Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided that except as otherwise expressly provided herein, no Obligor may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of the Lenders and the Administrative Agent (and any attempted assignment or transfer by an Obligor without such consent shall be null and void). 

(g) Assignments to Permitted Purchasers. Any Lender may, without the consent of any person (other than the assigning Lender), at
any time, assign all or a portion of its rights and obligations with respect to any Loans and/or and any Commitments hereunder to a Permitted Purchaser through open market purchases, in each case subject to the following limitations: 

(i) at the time of such assignment, such Permitted Purchaser shall identify itself as such to such assigning Lender;

 (ii) at the time of such assignment, such Permitted Purchaser shall (A) represent to the assigning Lender
that as of the date of such assignment, it is not in possession of any information not available to Lenders generally that would be material to a Lender’s decision to 

  
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sell its Loans or (B) disclose to such Lender that it cannot make the representation set forth in clause (A); 

(iii) before and after giving effect to such assignment, no Default or Event of Default shall have occurred and be
continuing; 
 (iv) the purchase price for such assignment shall be as mutually agreed by such Lender and such
Permitted Purchaser and, without limiting the foregoing, may be below par; 
 (v) such Lender and such Permitted
Purchaser shall deliver to the Administrative Agent (and the Administrative Agent shall keep a copy of all such documents) (A) a Permitted Purchaser Assignment and Acceptance, executed by such Lender and such Permitted Purchaser, evidencing
such assignment; (B) any existing Note subject to such assignment (or any affidavit of loss therefor acceptable to the Administrative Agent); and (C) an assignment fee in the amount of $3,500; and 

(vi) all such Loans and Commitments (and any Notes in respect thereof) assigned to such Permitted Purchaser shall be
deemed to be immediately cancelled and terminated on the closing date specified in such Permitted Purchaser Assignment and Acceptance and, upon the Administrative Agent’s receipt of the items described in clause (v) above, and conditioned
upon such receipt, from and after the closing date specified in such Permitted Purchaser Assignment and Acceptance, the Administrative Agent shall record or cause to be recorded in the Register the information contained in such Permitted Purchaser
Assignment and Acceptance, including the cancellation and/or termination thereof. 
 Notwithstanding anything to the contrary herein, this
Section 9.2(g) shall supersede any provisions in Section 2.5(c), Section 9.2 or Section 9.6 to the contrary. 
 Section 9.3 Costs and Expenses. Whether or not the transactions contemplated hereby shall be consummated, the Obligors agree to pay promptly (i) all reasonable costs and expenses incurred
by the Administrative Agent in connection with the negotiation, preparation, execution and delivery of the Loan Documents and all documents relating thereto (including reasonable legal fees and expenses (including FAA counsel)), (ii) all
reasonable costs and expenses incurred by the Administrative Agent in connection with any consents, amendments, waivers or other modifications hereto (including reasonable legal fees and expenses (including FAA counsel)) and (iii) all costs and
expenses, including reasonable legal fees and expenses (including FAA counsel) incurred by the Administrative Agent and the Lenders in enforcing any Obligations of, or in collecting any payments due from, the Obligors hereunder or under the other
Loan Documents, including any such costs and expenses incurred after the filing of a bankruptcy or insolvency proceeding with respect to any Obligor. 
 Section 9.4 Indemnities. 
 (a) Each Obligor agrees to indemnify, hold
harmless and defend the Administrative Agent, each Lender and each of their respective Related Persons (each such Person being an “Indemnitee”) from and against all Liabilities (including brokerage commissions, fees and other
compensation) that may be imposed on, incurred by or asserted against any such Indemnitee in any matter relating to or arising out of, in connection with or as a result of (i) any Loan Document, any Obligation (or the repayment thereof), the
use or proposed use of the proceeds of any Loan, or any securities filing of, or with respect to, the Obligors, (ii) any commitment letter, proposal letter or term sheet with any Person or any Contractual Obligation, arrangement or
understanding with any broker, finder or consultant, in each case entered into by or on behalf of the Obligors or any Affiliate of any of them in 

  
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connection with any of the foregoing and any Contractual Obligation entered into in connection with any Platform, (iii) any actual or prospective investigation, litigation or other
proceeding, whether or not brought by any Indemnitee or any of its Related Persons, any Obligor, any holders of its securities or its creditors (and including reasonable attorneys’ fees in any case), whether or not any such Indemnitee or
Related Person is a party thereto, and whether or not based on any securities or commercial law or regulation or any other Requirement of Law or theory thereof, including common law, equity, contract, tort or otherwise, or (iv) any other act,
event or transaction related, contemplated in or attendant to any of the foregoing (collectively, the “Indemnified Matters”); provided, however, that the Obligors shall not have any liability under this
Section 9.4 to any Indemnitee with respect to any Indemnified Matter, and no Indemnitee shall have any liability with respect to any Indemnified Matter other than (to the extent otherwise liable), to the extent such liability has resulted
primarily from the gross negligence or willful misconduct of such Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. Furthermore, each Obligor waives and agrees not to assert against any
Indemnitee any right of contribution with respect to any Liabilities that may be imposed on, incurred by or asserted against any Related Person. Each of the Borrower, the Administrative Agent and the Lenders also agrees not to assert any claim
against the Administrative Agent, any Lender, the Borrower, any of their Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory of liability, for consequential, indirect, special or punitive
damages arising out of or otherwise relating to this Agreement or any of the other Loan Documents or any of the transactions contemplated hereby or thereby or the actual or proposed use of the proceeds of the Loans. 

(b) Without limiting the foregoing, “Indemnified Matters” includes all Environmental Claims, including those arising from, or
otherwise involving, any property of the Borrower or any of its Subsidiaries or any actual, alleged or prospective damage to property or natural resources or harm or injury alleged to have resulted from any Release of Hazardous Materials on, upon or
into such property or natural resource or any property on or contiguous to any real property of the Borrower or any of its Subsidiaries, whether or not, with respect to any such Environmental Claims, any Indemnitee is a mortgagee pursuant to any
leasehold mortgage, a mortgagee in possession, the successor-in-interest to the Borrower or any of its Subsidiaries or the owner, lessee or operator of any property of the Borrower or any of its Subsidiaries through any foreclosure action, in each
case except to the extent such Environmental Claims (i) are incurred solely following foreclosure by any Secured Party or following any Secured Party having become the successor-in-interest to any Obligor or (ii) are attributable to acts
of such Indemnitee. 
 Section 9.5 Right of Set-Off. In addition to any rights now or hereafter granted under
applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default, to the fullest extent permitted by law, the Administrative Agent, each Lender and each of their respective
Affiliates are hereby authorized by the Obligors at any time or from time to time, with notice to the Obligors and to the Lenders and the Administrative Agent, to set off and to appropriate and to apply any and all deposits (general or special,
including, but not limited to, Indebtedness evidenced by certificates of deposit, whether matured or unmatured) and any other Indebtedness at any time held or owing by the Administrative Agent or that Lender to or for the credit or the account of
any Obligor against and on account of the obligations and liabilities of such Obligor to the Administrative Agent or that Lender under this Agreement, the Guaranty, the Notes and the other Loan Documents, including, but not limited to, all claims of
any nature or description arising out of or connected with this Agreement, the Guaranty, the Notes or any other Loan Document, irrespective of whether or not (i) the Administrative Agent or that Lender shall have made any demand hereunder or
(ii) the principal of or the interest on the Loans or any other amounts due hereunder shall have become due and payable pursuant to Section 7.2 and although said obligations and liabilities, or any of them, may be contingent or unmatured.

  
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 Section 9.6 Sharing of Payments, Etc. The Lenders hereby agree among themselves
that if any of them shall, whether by voluntary payment, by realization upon security, through the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Loan Documents or
otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to the
Lenders hereunder or under the other Loan Documents (collectively, the “Aggregate Amounts Due”) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the
Lender receiving such proportionately greater payment shall (i) notify the Administrative Agent and each other Lender of the receipt of such payment and (ii) apply a portion of such payment to purchase participations equal to the portion
of the Aggregate Amounts Due to the other Lenders (which participations shall be deemed to have been purchased and payments made simultaneously upon the receipt by the seller of its portion of such payment, and which participations will be permitted
notwithstanding any prohibition to the contrary in Section 9.2(e)) so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them, provided that if all or part of
such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of the Borrower or otherwise, those purchases or other payments shall be rescinded and the
purchase prices paid for such participations or other payments shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. The Borrower expressly consents to the foregoing arrangement and agrees that any
holder of a participation so purchased may exercise any and all rights of banker’s lien, set-off or counterclaim with respect to any and all monies owing by the Borrower to that holder with respect thereto as fully as if that holder were owed
the amount of the participation held by that holder. 
 Section 9.7 Notices. 

(a) Subject to the provisions of clauses (b), (c) and (d) below, all notices, requests, instructions, directions and other
communications provided for herein (including, without limitation, any modifications of, or waivers, requests or consents under, this Agreement) shall be given or made in writing (including, without limitation, by telecopy) delivered, if to the
Borrower, to its address specified in Annex A hereto, if to the Administrative Agent, to its “Address for Notices” specified opposite its name on its signature page hereto and if to any Lender, to its “Address for Notices”
specified opposite its name on its signature page hereto; or, as to any party, at such other address as shall be designated by such party in a notice to the Administrative Agent and the Borrower. Except as otherwise provided in this Agreement, all
such communications shall be deemed to have been duly given upon receipt of a legible copy thereof, in each case given or addressed as aforesaid. All such communications to the Administrative Agent provided for herein by telecopy shall be confirmed
in writing promptly after the delivery of such communication (it being understood that non-receipt of written confirmation of such communication shall not invalidate such communication). 

(b) The Borrower hereby agrees that it will provide to the Administrative Agent all information, documents and other materials that it is
obligated to furnish to the Administrative Agent pursuant to this Agreement or the other Loan Documents, including, without limitation, all notices, requests, financial statements, financial and other reports, certificates and other information
materials, but excluding any such communication that (i) relates to the payment of any principal or other amount due under this Agreement or the other Loan Documents prior to the scheduled date therefor, (ii) provides notice of any Default
or Event of Default under this Agreement or the other Loan Documents or (iii) is required to be delivered to satisfy any condition precedent to the occurrence of the Closing Date (all such non-excluded communications being referred to herein
collectively as “Communications”), by transmitting the Communications in an electronic/soft medium in a format acceptable to the Administrative Agent to oploanswebadmin@citigroup.com. In addition, the Borrower agrees to continue

  
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to provide the Communications to the Administrative Agent in the manner specified herein but only to the extent requested by the Administrative Agent. 

(c) The Borrower further agrees that the Administrative Agent may make the Communications available to the Lenders by posting the
Communications on Intralinks or a substantially similar electronic transmission system (the “Platform”). THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT
THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT
LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM.
IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES (COLLECTIVELY, THE “AGENT PARTIES”) HAVE ANY LIABILITY TO THE
BORROWER, ANY LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF
THE BORROWER’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO
HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 (d) The Administrative Agent
agrees that the receipt of the Communications by the Administrative Agent at its e-mail address set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes hereof. Each of the Lenders agrees
that notice to it (as provided in the next sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes hereof. Each of the Lenders agrees
(i) to provide to the Administrative Agent in writing (including by electronic communication), promptly after the date of this Agreement or the other Loan Documents, an e-mail address to which the foregoing notice may be sent by electronic
transmission and (ii) that the foregoing notice may be sent to such e-mail address. 
 (e) Nothing herein shall prejudice
the right of the Administrative Agent or any Lender to give any notice or other communication pursuant hereto in any other manner specified herein. 
 Section 9.8 No Waiver; Remedies. No failure on the part of any Lender or the Administrative Agent to exercise, and no delay in exercising, any right hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law.

 Section 9.9 Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
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 Section 9.10 Submission to Jurisdiction; Service of Process. 

(a) Submission to Jurisdiction. BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OBLIGOR HEREBY AGREES THAT ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL BE BROUGHT AGAINST IT EXCLUSIVELY IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ACCEPTS FOR ITSELF AND
IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH ANY OF THEM MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. 
 (b) Service of Process. EACH OF THE OBLIGORS HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS IN ANY SUIT, ACTION OR PROCEEDING BROUGHT IN THE
UNITED STATES OF AMERICA ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS BY THE MAILING (BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID) OR DELIVERING OF A COPY OF SUCH PROCESS TO IT IN ACCORDANCE WITH THE
PROVISIONS OF SECTION 9.7. 
 (c) No Limitation. Nothing contained in this Section 9.10 shall affect the right of
the Administrative Agent, any Lender or other party hereto to serve process in any other manner permitted by law or commence legal proceedings or otherwise proceed against any Obligor in any other jurisdiction. 

Section 9.11 Waiver of Jury Trial. EACH OBLIGOR IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT. 
 Section 9.12 Waiver of Consequential Damages, Etc.. To the
extent permitted by applicable law, the Obligors shall not assert, and hereby waive, any claim against any Indemnitee, 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, the Loan Documents (or any agreement or instrument contemplated hereby or thereby) or any Loan or the use of the proceeds thereof. 

Section 9.13 Marshaling; Payments Set Aside. Neither the Administrative Agent nor any Lender shall be under any obligation to
marshal any assets in favor of any Obligor or any other party or against or in payment of any or all of the Obligations. To the extent that any Obligor makes a payment or payments to the Administrative Agent for the account of any Lender (each, a
“Payee”) or any Payee receives payment from exercise of their rights of setoff, and such payment or payments or the proceeds of such setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential,
set aside or required to be repaid to a trustee, receiver or any other party, then (i) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all rights and remedies therefor, shall be revived
and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred and (ii) each Payee shall pay and return such amount to the Administrative Agent as the Administrative Agent may be
required to disgorge or otherwise pay to a trustee, receiver or any other party in respect of the portion of the payment from such Obligor distributed by the Administrative Agent to such Payee hereunder. 

  
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 Section 9.14 Section Titles. The Section titles and subtitles contained in this
Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. 
 Section 9.15 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached
to the same document. Delivery of an executed signature page of this Agreement by facsimile transmission shall be as effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all parties shall
be lodged with the Borrower and the Administrative Agent. 
 Section 9.16 Severability. In case any provision in or
obligation under this Agreement, the Notes or the other Loan Documents shall be invalid, illegal or unenforceable in any jurisdiction the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or
obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
 Section 9.17
Confidentiality. 
 (a) Each Lender hereto shall, and shall procure that its respective officers, employees and agents
shall, keep confidential and shall not, without the prior written consent of the other parties, disclose to any third party this Agreement, any other Loan Document or any of the information, reports or documents supplied by or on behalf of such
other party not otherwise publicly available, except that a party shall be entitled to disclose this Agreement, any other Loan Document, and any such information, reports or documents: 

(i) in connection with any proceeding arising out of or in connection with this Agreement or any of the other Loan
Documents to the extent that such party may reasonably consider necessary to protect its interest; 
 (ii) to any
potential assignee or transferee of any party’s rights under this Agreement or any of the Loan Documents or any other person proposing to enter into contractual arrangements with any party in relation to this Agreement or any of the other Loan
Documents, subject to the relevant party obtaining an undertaking from such potential assignee or transferee or other person in corresponding terms to this Section 9.17; 

(iii) to any actual or proposed participant or assignee of all or part of its rights hereunder or to any direct or
indirect contractual counterparty (or the professional advisors thereto) to any swap or derivative transaction relating to the Borrower and its obligations, in each case, subject to the relevant party obtaining an undertaking from such proposed
participant or assignee, counterparty or other person in corresponding terms to this Section 9.17; 
 (iv)
pursuant to any applicable laws, ordinances, judgments, decrees, injunctions, writs, rules, regulations, orders, interpretations, licenses, permits and orders of any competent court, arbitrator or governmental agency or authority in any relevant
jurisdiction; 
 (v) to bank examiners or any other regulatory authority or rating agencies or similar entities,
if requested to do so; 
 (vi) to its auditors, legal, tax or to other professional advisers; 

  
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 (vii) to its Affiliates and their respective directors, officers, employees
and agents; or 
 (viii) in connection with the exercise of any remedy under any Loan Document. 

(b) The provisions of this Section 9.17 shall survive any termination of this Agreement or any other Loan Document or any
assignment, transfer or participation under this Agreement or any other Loan Document. 
 Section 9.18 Independence of
Representations, Warranties and Covenants. All representations and warranties made in and covenants under this Agreement shall be given independent effect so that (a) if a particular representation and warranty is unqualified, the fact that
another representation and warranty is qualified shall not affect the operation of the former provision; and (b) if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception
to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of an Event of Default or Default if such action is taken or condition exists. 

Section 9.19 Non-Public Information. Each of the Lenders acknowledges and agrees that (a) it may receive material
non-public information hereunder concerning the Obligors and their Affiliates and securities, (b) it will use such information in compliance with all relevant policies, procedures and Contractual Obligations and applicable requirements of laws
(including United States federal and state security laws and regulations) and (c) it will designate to the Administrative Agent an individual Person who will receive all such information and have the authority to act upon such information on
behalf of such Lender. 
 Section 9.20 Compliance with Anti-Money Laundering Laws. No Obligor, none of their
respective Subsidiaries and, to the knowledge of each Obligor after reasonable due diligence, none of their respective Affiliates and none of the respective officers, directors, brokers or agents of such Obligor, such Subsidiary or any such
Affiliate (i) is under investigation by any Governmental Authority for, or has been charged with, or convicted of, money laundering, drug trafficking, terrorist-¬related activities or other money laundering predicate crimes under any
applicable law, including, without limitation, under (x) the Currency and Foreign Transactions Reporting Act, as amended (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s),
1820(b) and 1951-1959), (y) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended), and any other enabling legislation
or executive order relating thereto, or (z) the USA PATRIOT Act of 2001 (31 U.S.C. 5318 et seq, as amended) (collectively, “AML Laws”), (ii) has been assessed civil penalties under any AML Laws or (iii) has had any of
its funds seized or forfeited in an action under any AML Laws. Each Obligor has taken and will take reasonable measures to ensure that it is and will continue to be in compliance with all applicable current and future AML Laws. No Obligor will use
any funds that constitute or are derived from the proceeds of illegal activity to repay the Obligations, or any portion thereof. No funds derived from the proceeds have been used, directly or indirectly, to lend, contribute, provide or otherwise
been made available to fund any activity or business in violation of any AML Law. 
 Section 9.21 PATRIOT Act
Notice. Each of the Lenders subject to the USA Patriot Act of 2001 (31 U.S.C. 5318 et seq.) hereby notifies the Borrower that, pursuant to Section 326 thereof, it is required to obtain, verify and record information that identifies the
Borrower, including the name and address of the Borrower and other information allowing such Lender to identify the Borrower in accordance with such act. 
 Section 9.22 No Fiduciary Duty. The Administrative Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic

  
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interests that conflict with those of the Borrower, their stockholders and/or their affiliates. The Borrower agrees that nothing in the Loan Documents or otherwise related to the transactions
contemplated hereby 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 the Borrower, its stockholders or its affiliates, on the other hand. The parties
hereto 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 the Borrower and the other Obligors, on the other hand, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of the Borrower, its
stockholders or its 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 the Borrower, its stockholders or its affiliates on other matters) or any other obligation to the Borrower except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as
the agent or fiduciary of the Borrower, its management, stockholders, affiliates, creditors or any other Person. The Borrower acknowledges and agrees that it 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. The Borrower agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or
owes a fiduciary or similar duty to the Borrower, in connection with such transaction or the process leading thereto. 

[SIGNATURE PAGES FOLLOW] 

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

			
	US AIRWAYS GROUP, INC.
		
	By:	 	 /s/ Thomas T. Weir

	Name:	 	Thomas T. Weir
	Title:	 	Vice President and Treasurer
	
	US AIRWAYS, INC.
		
	By:	 	 /s/ Thomas T. Weir

	Name:	 	Thomas T. Weir
	Title:	 	Vice President and Treasurer

  
 US Airways
Loan Agreement 

			
	MATERIAL SERVICES COMPANY, INC.
		
	By:	 	 /s/ Caroline B. Ray

	Name:	 	Caroline Ray
	Title:	 	Secretary
	
	PSA AIRLINES, INC.
		
	By:	 	 /s/ Caroline B. Ray

	Name:	 	Caroline Ray
	Title:	 	Secretary
	
	PIEDMONT AIRLINES, INC.
		
	By:	 	 /s/ Caroline B. Ray

	Name:	 	Caroline Ray
	Title:	 	Secretary

  
 US Airways
Loan Agreement 

			
	Citicorp North America, Inc.,
	as Administrative Agent and a Lender
		
	By:	 	 /s/ Matthew Burke

	Name:	 	Matthew Burke
	Title:	 	Vice President
	
	Address for Notices:
	
	388 Greenwich Street, 20th Floor,
	New York, NY 10013
	Attention: William Washburn, Director
	Facsimile: (212) 816-2613

  
 US Airways
Loan Agreement

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