Document:

EX-10.10

 Exhibit 10.10 

Execution Version 
  

 
 MASTER
SCHEDULE OF DEFINITIONS, 
 INTERPRETATION AND
CONSTRUCTION 
 dated as of September 28, 2004, 

as amended as of 11 October 2005, December 19, 2005, 

2 February 2006, 22 January 2007, 11 August 2008, 31 July 2009, 

8 September 2009, 21 January 2010, 23 March 2011 and 1 June 2011, 

and amended and restated as of 22 November 2011, 

by and among 

DONEGAL RECEIVABLES PURCHASING LIMITED, 

MAKHTESHIM AGAN INDUSTRIES LTD., 

NIEUW AMSTERDAM RECEIVABLES CORPORATION, 

COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. (TRADING
AS 
 RABOBANK INTERNATIONAL), LONDON BRANCH, 

and 
 CERTAIN
OTHER PARTIES 
  
  

 

 TABLE OF CONTENTS 

 

					
	Section	  	Page	 
		
	 SECTION 1.1 SCHEDULE DOCUMENTS
	  	 	2	  
		
	 SECTION 1.2 CERTAIN DEFINED TERMS
	  	 	2	  
		
	 SECTION 1.3 CERTAIN CERTIFICATES AND DOCUMENTS
	  	 	41	  
		
	 SECTION 1.4 INTERPRETATIONS AND CONSTRUCTION
	  	 	41	  
		
	 SECTION 1.5 AMENDMENTS
	  	 	42	  
		
	 SECTION 1.6 NOTICES; PAYMENT INFORMATION
	  	 	42	  
		
	 SECTION 1.7 COMPUTATIONS
	  	 	43	  
		
	 SECTION 1.8 GOVERNING LAW
	  	 	43	  
		
	 SECTION 1.9 COUNTERPARTS; FACSIMILE DELIVERY
	  	 	43	  
		
	 SECTION 1.10 TRANSFER BY FACILITY LENDER
	  	 	43	  
		
	 SECTION 1.11 LIMITED RECOURSE
	  	 	44	  
		
	 SECTION 1.12 GOOD FAITH
	  	 	44	  

  

	
	 Schedules

	
	Schedule 1.1 A – Category One Countries
	
	Schedule 1.1B – Category Two Countries
	
	Schedule 1.1C – Adverse Claims
	
	Schedule 1.6 – Address and Payment Information

 MASTER SCHEDULE OF DEFINITIONS, 

INTERPRETATION AND CONSTRUCTION 

THIS MASTER SCHEDULE OF DEFINITIONS, INTERPRETATION AND CONSTRUCTION (this “Schedule of Definitions”), dated as of
September 28, 2004, as amended as of 11 October 2005, December 19, 2005, 2 February 2006, 22 January 2007, 11 August 2008, 31 July 2009, 8 September 2009, 21 January 2010, 23 March 2011 and
1 June 2011, and amended and restated as of 22 November 2011, is entered into by and among: 
  

	(1)	DONEGAL RECEIVABLES PURCHASING LIMITED, a limited company organized under the laws of the Republic of Ireland, as the Purchaser; 

  

	(2)	IRVITA PLANT PROTECTION N.V., as an Antilles Originator; 

  

	(3)	QUENA PLANT PROTECTION N.V., as an Antilles Originator; 

  

	(4)	CELSIUS PROPERTY B.V., acting through its branch IRVITA PLANT PROTECTION, as an Antilles Originator; 

  

	(5)	FAHRENHEIT HOLDING B.V. acting through its branch QUENA PLANT PROTECTION, as an Antilles Originator; 

  

	(6)	FARMOZ PTY LIMITED, as the Australian Originator; 

  

	(7)	MAKHTESHIM AGAN FRANCE S.À R.L., as the French Originator; 

  

	(8)	FEINCHEMIE SCHEBDA GMBH, as the German Originator; 

  

	(9)	MAKHTESHIM CHEMICAL WORKS LTD., as an Israeli Originator; 

  

	(10)	AGAN CHEMICAL MANUFACTURERS LTD., as an Israeli Originator; 

  

	(11)	AGAN AROMA AND FINE CHEMICALS LTD., as an Israeli Originator; 

  

	(12)	AGAN CHEMICAL MARKETING LTD., as an Israeli Originator; 

  

	(13)	MAKHTESHIM AGAN ITALIA S.R.L., as the Italian Originator; 

  

	(14)	MAKHTESHIM-AGAN POLAND SP Z O.O., as the Polish Originator; 

  

	(15)	MAKHTESHIM AGAN ESPAÑA S.A., as a Spanish Originator; 

  

	(16)	ARAGONESAS AGRO S.A., as a Spanish Originator; 

  

	(17)	MAKHTESHIM-AGAN (UK) LIMITED., as the UK Originator; 

  

	(18)	ALLIGARE, LLC, as a US Originator; 

  

	(19)	MAKHTESHIM AGAN OF NORTH AMERICA, INC., as a US Originator; 

  

	(20)	CONTROL SOLUTIONS INC., as a US Originator; 

	(21)	COÖPERATIVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., as Liquidity Bank; 

  

	(22)	MAKHTESHIM AGAN INDUSTRIES LTD., as the Servicer, the Parent and the Subordinated Lender; 

  

	(23)	NIEUW AMSTERDAM RECEIVABLES CORPORATION (as successor in interest to ERASMUS CAPITAL CORPORATION), as a Facility Lender; and 

  

	(24)	COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., (trading as RABOBANK INTERNATIONAL), London Branch, as the Agent. 

SECTION 1.1 Schedule Documents 

Capitalized terms used in each of the following documents (the “Schedule Documents”) shall, unless otherwise defined therein
or where the context requires a different meaning, have the meanings provided in this Schedule of Definitions: 
 (a) the Receivables
Funding Agreement; 
 (b) the Servicing Agreement; 

(c) the Parent Undertaking Agreement; 

(d) the Subordinated Loan Agreement; 

(e) the Security Documents; 

(f) the Fee Letter and the Agency Fee Letter; 

(g) the Purchase and Sale Agreements; 

(h) the Blocked Account Agreements; and 

(i) each other Transaction Document and each other instrument, document and other agreement from time to time executed in connection with the
foregoing. 
 SECTION 1.2 Certain Defined Terms 

Except where the context otherwise requires, the following terms used in the Schedule Documents have the following meanings: 

“Adjusted DSO” means, at any time, a number of days equal to (a) the Scaling Factor times (b) the Days Sales
Outstanding at such time. 
 “Administrator” means, with respect to any Conduit acting as a Facility Lender, or any Conduit
or Conduit CP Funding Provider involved, directly or indirectly, in providing funding to a Facility Lender, the sponsor that acts as administrator of such Conduit or Conduit CP Funding Provider, as applicable. 

“Advance” is defined in Section 2.1(a) of the Receivables Funding Agreement. 

  
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 “Advance Date” is defined in Section 2.2(a) of the Receivables
Funding Agreement. 
 “Adverse Claim” means a lien, security interest, charge or encumbrance (including any lien by
attachment, retention of title and any form of extended retention of title), or other right or claim in, of or on any Person’s assets or properties in favor of any other Person (including any UCC financing statement or any similar instrument
filed against such Person’s assets or properties). 
 “Affected Assets” means, collectively, (a) the Receivables,
(b) all Related Security, (c) all rights and remedies of the Purchaser under the Purchase and Sale Agreements, including all rights and remedies that have been assigned to the Purchaser pursuant to the Purchase and Sale Agreements,
(d) all Adverse Claims assigned to, held by, or filed or otherwise recorded by or on behalf of, the Purchaser against any Originator or any Obligor in connection with any Purchase and Sale Agreement, (e) all of the Purchaser’s rights
and interests in and to the Blocked Accounts and all funds and investments therein and all Blocked Account Agreements, and (f) all proceeds of the foregoing. 

“Affiliate” means as to any Person, any other Person which, directly or indirectly, owns, is in control of, is controlled by,
or is under common control with, such Person, in each case whether beneficially, or as a trustee, guardian or other fiduciary. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power
to direct or cause the direction of the management or policies of the other Person, whether through the ownership of voting securities or membership interests, by contract, or otherwise. 

“Agan Aroma” means Agan Aroma and Fine Chemicals Ltd., a company organized under the laws of Israel. 

“Agan Aroma Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of September 20, 2001, between
the Purchaser, as purchaser, and Agan Aroma, as seller. 
 “Agan Chemical Manufacturers” means Agan Chemical Manufacturers
Ltd., a company organized under the laws of Israel. 
 “Agan Chemical Manufacturers Purchase and Sale Agreement” means the
Purchase and Sale Agreement, dated as of September 20, 2001, between the Purchaser, as purchaser, and Agan Chemical Manufacturers, as seller. 

“Agan Chemical Marketing” means Agan Chemical Marketing Ltd., a company organized under the laws of Israel. 

“Agan Chemical Marketing Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of September 20,
2001, between the Purchaser, as purchaser, and Agan Chemical Marketing, as seller. 
 “Agency Fee Letter” means the
confidential letter agreement, dated as of the Closing Date and addressed by the Agent to the Parent and the Purchaser, with respect to certain fees to be paid by the Parent to the Agent in connection with transactions contemplated by the
Transaction Documents. 

	

  
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 “Agent” means Rabobank, in its capacity as (a) agent for the Facility
Lenders under the Receivables Funding Agreement, and (b) agent for the Secured Parties under the Security Documents, as the case may be. 

“Agent-Related Persons” means the Agent, together with its Affiliates, and the officers, directors, employees, agents and
attorneys-in-fact of such Persons and their respective Affiliates. 
 “Aggregate Balance of Provision for Rebates” means,
for all Originators at any Month End Date, the Dollar Equivalent of the aggregate amount of all accounting provisions made by all Originators in respect of all accrued but unpaid rebates (including commercial rebates and volume rebates) which have
been contractually agreed between such Originators and their respective Obligors. 
 “Aggregate Currency Facility Limit”
means, at any time, the sum of the Currency Facility Limits of all Facility Lenders at such time. 
 “Aggregate Facility
Limit” means, at any time, the sum of the Facility Limits of all Facility Lenders at such time. 
 “Aggregate
Unpaids” means, at any time, an amount equal to the sum of (a) the outstanding principal amount of the Advances at such time, (b) the aggregate unpaid Yield accrued and to accrue with respect to all Rate Periods at such time, and
(c) all other amounts owed (whether or not then due and payable) hereunder and under the other Transaction Documents by the Purchaser and/or any MAI Party to the Indemnified Parties at such time. 

“Alligare” means Alligare, LLC, a limited liability company organized under the laws of the State of Delaware. 

“Alligare Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated on or around the Closing Date, by and
between the Purchaser, as purchaser, and Alligare, as seller. 
 “Alternate Rate” means, for any Advance in any Currency,
for each day in any applicable Rate Period: 
 (a) except as provided in clauses (b) and (c), an interest
rate per annum equal to the sum of (i) the Offshore Rate for such Rate Period for such Currency, plus (ii) the Applicable Margin; 

(b) except as provided in clause (c), in the case of (i) any Rate Period of one (1) day to (and including)
fourteen (14) days, or (ii) any Rate Period relating to an Advance which is less than two million US Dollars ($2,000,000) (or its Currency Equivalent in any other Currency), an interest rate per annum equal to the sum of (A) the Base
Rate for such Currency in effect on such day, plus (B) the Applicable Margin; 
 (c) in relation to Advances in any
Currency, on any day in any Rate Period falling on or after the date of any declaration or automatic occurrence of the Termination Date pursuant to Section 6.2 of the Receivables Funding Agreement, a rate per annum equal to the Default
Rate for such Currency. 

  
 4 

 “Antilles Originators” means each of Celsius, Fahrenheit, Irvita and Quena. 

“Antilles Purchase and Sale Agreements” means (a) the Celsius Purchase and Sale Agreement, (b) the Fahrenheit
Purchase and Sale Agreement, (c) the Irvita Purchase and Sale Agreement and (d) the Quena Purchase and Sale Agreement. 

“Antilles Receivable” means any Receivable governed by or otherwise subject to the laws of the Netherlands Antilles. 

“Applicable Exchange Rate” means, at any time in relation to the determination of an amount denominated in one Currency (the
“first Currency”) on the basis of an amount denominated in any other Currency (the “second Currency”), the rate determined by the Agent on the Applicable Rate Date as the currency exchange rate at which the relevant amount in the
second Currency could be converted into the relevant amount in the first Currency (a) if applicable, under a Forward Contract entered into by the relevant Person if providing for delivery to such Person of the first Currency against delivery by
such Person of the second Currency on the appropriate date, and (b) otherwise, under a Spot Contract for delivery to such Person of the first Currency against delivery by such Person of the second Currency on the appropriate date. 

“Applicable Margin” has the meaning provided in the Fee Letter. 

“Applicable Rate Date” means, in relation to the determination of any foreign exchange rate, the date determined by the Agent
and notified to the Facility Lenders, the Purchaser and the Parent on which such currency exchange rate is determined or is to be determined (as applicable). 

“Applicable Sales Determination Date” means, at any time with respect to the determination of Default Horizon Applicable
Sales and/or Loss Horizon Applicable Sales, the last day of the calendar month most recently ended prior to the date on which such determination is made. 

“Approved Country” means each Category One Country and each Category Two Country, but not any such country that is an
Excluded Country and not any other country. 
 “Aragonesas Agro” means Aragonesas Agro S.A., a corporation organized under
the laws of the Kingdom of Spain. 
 “Aragonesas Agro Purchase and Sale Agreement” means the Purchase and Sale Agreement,
dated as of September 20, 2001, by and between the Purchaser, as purchaser, and Aragonesas Agro, as seller. 
 “Asset
Interest” means the right, title and interest of the Facility Lenders in and to the Advances and the security created over the Purchaser’s assets pursuant to the Security Documents, including in the Receivables and related other
Affected Assets and in the Receivables Funding Agreement and the other Transaction Documents. 
 “Australian Concentration
Amount” means at any time an amount in Dollars equal to the amount by which (i) the sum of the Dollar Equivalents of the aggregate Unpaid Balances of all of the Eligible Receivables of Obligors resident in Australia at such time,
exceeds (ii) sixty million US Dollars ($60,000,000); provided that if Australia’s long term foreign 

  
 5 

 
currency debt rating from S&P and Moody’s falls below AA-/Aa3, the concentration limits set out in paragraphs (a) and (c) of the definition of “Category Two Country
Concentration Amount” will also apply. 
 “Australian Dollars” or “AUD” means the lawful currency of
Australia. 
 “Australian Dollars Base Rate” means, for any day, a fluctuating rate per annum determined by the Agent as
being equal to the base rate of interest (prior to including any margin) at which prime banks in Sydney generally make advances in Australian Dollars available to commercial borrowers in amounts and for periods comparable to the applicable amount of
the Advance for which such rate is being determined for the remainder of the Rate Period applicable thereto. 
 “Australian Dollars
Overnight Rate” means the Interbank Overnight Cash Rate as calculated by the Reserve Bank of Australia and appearing on the Reuters page designated RBA30/RBA36 or the Telerate Service on the page designated 1590/1596, or any equivalent
successor to either such page, or if no such rate is available for the relevant Rate Period, the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Agent at its request quoted by the Reference Banks to leading
banks in the Australian market. 
 “Australian Originator” means Farmoz Pty Limited (ACN 050 328 973), a company organized
under the laws of Australia. 
 “Australian Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of
19 December 2005, among the Purchaser, as purchaser, and the Australian Originator, as seller. 
 “Australian
Receivable” means any Receivable governed by or otherwise subject to the laws of Australia. 
 “Available Funds”
means all Collections, all amounts withdrawn by the Servicer from any Blocked Account (or by any Sub-Servicer from any Blocked Account), all interest on and proceeds of Eligible Investments paid to or held by the Servicer, the proceeds of all
Advances and all Subordinated Loans paid to or held by the Servicer, all amounts paid to or held by the Servicer pursuant to the Fee Letter and the Agency Fee Letter, and all other amounts the Servicer holds or receives (or is deemed to hold or
receive) on behalf of the Purchaser in connection with the Receivables, the related other Affected Assets, the Transaction Documents and the Servicer’s performance of its obligations under this Schedule of Definitions and the other Transaction
Documents; provided that “Available Funds” shall not include any amounts paid to or held by the Servicer for the account of any specific Indemnified Party pursuant to Article VII (Indemnification; Expenses; Related
Matters) of the Receivables Funding Agreement, Article IX (Indemnification) of the Servicing Agreement, Article V (Indemnification and Expenses) of the Parent Undertaking Agreement or any similar provision of any
other Transaction Document. 
 “Bank Debt” means, without duplication, with respect to any Person, such Person’s (a)
obligations for borrowed money, (b) obligations representing the deferred purchase price of property other than accounts payable arising in the ordinary course of such Person’s business on terms customary in the trade,
(c) obligations, whether or not assumed, secured by liens or payable out of the proceeds or products of property now or hereafter owned or acquired by such Person, (d) obligations which are evidenced by notes, acceptances 

  
 6 

 
(including bankers acceptances), or other instruments, (e) reimbursement obligations with respect to any letters of credit, and (f) obligations for which such Person is obligated pursuant to
a Guaranty relating to any items set forth in items (a) through (e) above. 
 “Bankruptcy Code” means the United
States Bankruptcy Reform Act of 1978, 11 U.S.C. §§ 101 et seq. 
 “Base Rate” means with respect to the
determination of interest with respect to any Advance or other amount funded (a) in Dollars, the Dollar Base Rate, (b) in Euro, the Euro Base Rate, (c) in Sterling, the Sterling Base Rate, (d) in Shekels, the Shekel Base Rate,
(e) in Australian Dollars, the Australian Dollars Base Rate, and (f) in Zloty, the Zloty Base Rate. 
 “BBR”
means, in relation to any Advance denominated in Australian Dollars and any Rate Period: 
 (a) the rate per annum determined
by the Agent to be the arithmetic mean (rounded up, if necessary, to four decimal places) of the bid rates displayed at or about 10.30 a.m. (Sydney time) on the first day of that period on the Reuters page designated BBSW, or any equivalent
successor to such page, for a term equivalent to that period after eliminating one of the highest and one of the lowest of those rates; or 

(d) if (i) for any reason there are no rates displayed on such page for a term equivalent to that period, or (ii) the
basis on which those rates are displayed is changed and in the opinion of the Agent those rates cease to reflect the Agent’s cost of funding, then BBR will be the rate per annum determined by the Agent to be the average of the buying rates
quoted to the Agent by three Australian banks selected by the Agent at or about that time on that day. The buying rates must be for bills of exchange which are accepted by an Australian bank and which have a term equivalent to the period. If there
are no buying rates the rate will be the rate determined by the Agent to be its cost of funds. 
 “Blocked Account” means
an account owned and maintained in accordance with the Transaction Documents at a Blocked Account Bank for the purpose of receiving Collections, as set forth in Schedule 4.1(r) to the Receivables Funding Agreement, and when used with respect
to any Originator the account or accounts specified in the Purchase and Sale Agreement to which such Originator is a party, and, in either case, any account added as a Blocked Account in accordance with the Transaction Documents and which is subject
to a Blocked Account Agreement. 
 “Blocked Account Agreement” means, in relation to any Blocked Account, an agreement
among a Blocked Account Bank, the Purchaser, the Servicer and the Agent, in form and substance reasonably satisfactory to the Agent and as may be appropriate under the laws of any relevant jurisdiction. 

“Blocked Account Bank” means (i) collectively, each of the banks set forth in Schedule 4.1(r) to the Receivables
Funding Agreement, (ii) with respect to any Originator, each of the banks specified in the Purchase and Sale Agreement to which such Originator is a party, and, in either case, any other bank added as a Blocked Account Bank in accordance with
the Transaction Documents. 

  
 7 

 “Borrowing Base” means, at any time, an amount equal to (A) the product of
(a) the Net Receivables Balance at such time, times (b) one hundred percent (100%) minus the Total Reserve Percentage at such time, minus (B) the Aggregate Balance of Provision for Rebates at such time. 

“Borrowing Request” means each request substantially in the form of Exhibit A to the Receivables Funding Agreement.

 “Brussels Banking Day” means any day, other than a Saturday or Sunday, on which dealings in interbank deposits in
Dollars and Euro and in foreign exchange are carried on in the Brussels, Belgium interbank market. 
 “Business Day” means
any day excluding Saturday, Sunday and any day on which banks in the cities of New York, London, Paris or Tel Aviv are authorized or required by law to close, and, when used with respect to the determination of any Offshore Rate for any Currency or
any notice or Yield Payment Date with respect thereto, any such day which is also a day for trading by and between banks in deposits in such Currency in the London, European or other applicable interbank market. 

“Calculation Date” means, for any determination made with respect to a Calculation Period, the Settlement Date following the
last day of such Calculation Period. Unless otherwise specified, all amounts used as inputs in making a determination with respect to any Calculation Date shall themselves (where relevant) be determined with respect to the same Calculation Period
relating to such Calculation Date. 
 “Calculation Period” means (a) unless otherwise provided in clause (b),
each of (i) the periods from September 28, 2004 until the first Month End Date, (ii) each subsequent period of one calendar month from (but excluding) a Month End Date to (and including) the next Month End Date, and (iii) the
period from the last Month End Date until the Final Payout Date, and (b) where a period specified in any Transaction Document (including this Schedule of Definitions) relating to a determination is other than as provided in clause (a),
such period. 
 “Capitalized Lease” of a Person means any lease of property by such Person as lessee which would be
capitalized on a balance sheet of such Person prepared in accordance with GAAP. 
 “Category One Country” means each
country from time to time listed on Schedule 1.1A to this Schedule of Definitions, but only if and for so long as such country has a long- term foreign currency debt rating from S&P or Moody’s of AA-/Aa3 or higher; provided
that, if any country maintains more than one such long-term rating, the lowest such rating shall apply and such other countries as may be approved by the Agent from time to time. 

“Category Two Country” means each country from time to time listed on Schedule 1.1B to this Schedule of Definitions
that is not a Category One Country, but only if and for so long as such country has a long-term foreign currency debt rating from S&P or Moody’s of BBB-/Baa3 or higher; provided that, if any country maintains more than one such
long-term rating, the lowest such rating shall apply and such other countries as may be approved by the Agent from time to time. 

  
 8 

 “Category Two Country Concentration Amount” means at any time an amount in
Dollars equal to the sum of: 
 (a) in the case of each Category Two Country other than those described in clauses
(b) and (c), the sums of the amounts by which (i) the sum of the Dollar Equivalents of the aggregate Unpaid Balances of all of the Eligible Receivables of Obligors resident in each such Category Two Country at such time, exceeds (ii) the
product of (A) five percent (5%) times (B) the sum of the Dollar Equivalents of the aggregate Unpaid Balances of all Eligible Receivables at such time; 

(b) in the case of each of Israel, Italy and Poland (for so long as it is a Category Two Country)(the “subject
country”), an amount in Dollars equal to the amount by which (i) the sum of the Dollar Equivalents of the aggregate Unpaid Balances of all of the Eligible Receivables of Obligors resident in such subject country at such time, exceeds
(ii) forty million US Dollars ($40,000,000) for such subject country; 
 (c) the amount by which (i) the sum of the
Dollar Equivalents of the aggregate Unpaid Balances of all of the Eligible Receivables of Obligors resident in all Category Two Countries at such time, exceeds (ii) the product of (A) fifty percent (50%) times (B) the sum of the
Dollar Equivalents of the aggregate Unpaid Balances of all Eligible Receivables at such time. 
 “Celsius” means Irvita
Plant Protection, a Netherlands Antilles branch of Celsius Property B.V., a company organized under the laws of the Netherlands. 

“Celsius Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of September 28, 2004, between the
Purchaser, as purchaser, and Celsius, as seller. 
 “Change of Control” means, with respect to: 

(a) the Purchaser, the failure of Deutsche International Finance (Ireland) Limited to own, free and clear of any Adverse Claim
and on a fully diluted basis, one hundred percent (100%) of the outstanding shares of voting stock of the Purchaser; 

(b) any Originator, the failure of MAI to own, free and clear of any Adverse Claim other than any Adverse Claim described in
Schedule 1.1C hereto and on a fully diluted basis, at least one hundred percent (100%) of the outstanding shares of voting stock of each Originator; or 

(c) MAI, any Person other than ChemChina or a Koor Approved Party owns or acquires legal or beneficial ownership of more than
twenty five percent (25%) of the outstanding shares of voting stock of MAI, or MAI changes its jurisdiction of incorporation or jurisdiction of main operations from Israel to any other jurisdiction. 

“ChemChina” means China National Chemical Corporation, a Chinese corporation or any of its wholly-owned subsidiaries. 

“Closing Date” means 22 November 2011. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Collection Account” is defined in Section 2.8(a) of the Receivables Funding Agreement. 

  
 9 

 “Collections” means, with respect to any Receivable, all cash collections and
other cash proceeds of such Receivable, including all finance or similar charges, if any, and cash proceeds of all Related Security, all Deemed Collections and any amounts payable pursuant to Section 4.4 (or any corresponding Section) of
any Purchase and Sale Agreement. 
 “Commercial Paper” means short-term promissory notes issued in the U.S. or European
capital markets. 
 “Conduit” means an entity that, directly or indirectly, acquires financial assets with, inter alia, the
proceeds of Commercial Paper issued by such entity or by a Conduit CP Funding Provider for, directly or indirectly, such entity. 

“Conduit Assignee” means, with respect to a transfer by any Facility Lender pursuant to Section 9.8(b) of the
Receivables Funding Agreement, any Conduit administered by such Facility Lender (or any of its Affiliates) or by the same Administrator (or any of its Affiliates) as the Administrator of such Facility Lender, as applicable. 

“Conduit CP Funding Agreement” means and includes any agreement or instrument (in whatever form) entered into by any Conduit
CP Funding Provider pursuant to which Commercial Paper is issued to fund, directly or indirectly, any Advance. 
 “Conduit CP
Funding Provider” means an entity which issues Commercial Paper and advances the proceeds, directly or indirectly, to a Conduit. 

“Conduit Support Agreement” means and includes any liquidity, credit support or other agreement or instrument (in whatever
form) entered into by any Conduit Support Provider to support the issuance of Commercial Paper used to fund, directly or indirectly, any Advance. 

“Conduit Support Provider” means and includes any Person now or hereafter party to a Conduit Support Agreement. 

“Conduit Termination Date” means the day on which any Facility Lender shall have declared (by prior written notice to the
Purchaser, the Agent and the Servicer) that a Conduit Termination Date has occurred on the basis that: 
 (a) any Related
Commercial Paper shall have ceased to be rated at least “A-1” by S&P and at least “P-1” by Moody’s (to the extent that the relevant rating agency has issued a credit rating with respect thereto); or 

(b) any Conduit CP Funding Provider shall have failed to extend or renew a Conduit CP Funding Agreement or a Conduit Support
Provider shall have failed to extend or renew a Conduit Support Agreement and such agreement shall terminate prior to the Scheduled Maturity Date. 

“Contract” means, with respect to any Receivable, any and all contracts, instruments, agreements, leases, invoices, notes, or
other writings pursuant to which such Receivable arises or which evidence such Receivable or under which an Obligor becomes or is obligated to make payment in respect of such Receivable. 

  
 10 

 “Control Notice” means a notice delivered to a Blocked Account Bank under a
Blocked Account Agreement instructing such Blocked Account Bank (a) to cease to comply with instructions of any Person other than the Agent with respect to funds on deposit from time to time in such Blocked Account and (b) to cease to
provide access to such funds to any Person other than the Agent. 
 “Control Solutions” means Control Solutions Inc., a
corporation organized under the laws of the State of Texas. 
 “Control Solutions Purchase and Sale Agreement” means the
Purchase and Sale Agreement, dated as of December 19, 2005, by and between the Purchaser, as purchaser, and Control Solutions, as seller. 

“Country Concentration Amount” means at any time the sum of the Category Two Country Concentration Amount, the Australian
Concentration Amount and the Excluded Country Concentration Amount at such time. 
 “CP Rate” means, for any Rate Period
for any Advance, the sum of (a) the Applicable Margin plus (b) the per annum rate equivalent to the cost, as determined by the relevant Facility Lender and notified to the Agent of such Facility Lender (which shall include the cost
of issuing Related Commercial Paper in the relevant market or markets, commissions of placement agents and dealers in connection with the issuance of Related Commercial Paper, incremental carrying costs incurred with respect to Related Commercial
Paper maturing on dates other than those on which corresponding funds are received by such Facility Lender, other borrowings by such Facility Lender (other than under any Conduit Support Agreement), if applicable the cost of converting the proceeds
of the issuance of such Related Commercial Paper into the Currency of the relevant Advance and the cost of any forward hedges entered into in order to convert the Currency of such Advance into the Currency of such Related Commercial Paper, and all
other costs associated with the issuance of such Related Commercial Paper), of or related to the issuance of Commercial Paper that are allocated, in whole or in part, by the Facility Lender to fund or maintain such Advance. 

“Credit and Collection Policy” means, with respect to any Originator, the credit and collection policy or policies and
practices of such Originator relating to the Receivables and the Contracts, as in effect on the Closing Date and delivered to the Agent on or prior to the Closing Date, as modified from time to time in compliance with the Transaction Documents. 

“Currency” means Dollars, Euro, Sterling, Shekels, Australian Dollars or Zloty, as the case may be, and
“Currencies” means more than one (including all) of them. 
 “Currency Borrowing Base” means, for any
Currency at any time, an amount in such Currency equal to the Currency Equivalent of the product of (a) the Borrowing Base at such time, times (b) a fraction, the numerator of which is the Dollar Equivalent of the Currency Net
Receivables Balance for such Currency at such time and the denominator of which is the Net Receivables Balance at such time. 

“Currency Convertibility and Transfer Limitation” means, (a) any action or series of actions by the government of any
country or a de facto condition existing in such country that directly or indirectly prevents any Obligor, any Originator, the Purchaser, the Servicer the Agent or any Facility Lender (as appropriate) from (i) converting local currency received
by or held for the account of such Obligor, such Originator, the Purchaser, the Servicer, the 

  
 11 

 
Agent or any Facility Lender (as appropriate) into the currency in which any payment is to be made or Collections remitted through legal exchange markets that are authorized by the government of
the relevant country, including the denial of such conversion in an exchange rate category at least as favorable as that contemplated by the appropriate Transaction Document, or (ii) legally transferring outside of the relevant country any
amount to be paid or the remittance of any Collections, or (b) failure by the government of the relevant country (or by entities authorized under the laws of the relevant country to operate in the foreign exchange markets) to effect such
conversion and/or payment or remittance. 
 “Currency Equivalent” means, at any time in relation to any amount denominated
in any Currency and any other Currency, the equivalent of such first amount in such other Currency, determined by the Agent or the Servicer, as applicable, on the basis of the Applicable Exchange Rate. 

“Currency Facility Limit” means, for any Currency with respect to any Facility Lender, the amount in such Currency set forth
opposite such Facility Lender’s name on Schedule I to the Receivables Funding Agreement under the heading “Currency Facility Limit”, as such amount may from time to time be reduced or increased (including by way of
transfer to or from such Facility Lender) as provided in the Transaction Documents. 
 “Currency Net Advances” in any
Currency at any time means (a) the aggregate of the principal amounts of the Advances in such Currency made to the Purchaser by the Facility Lenders pursuant to Sections 2.1 and 2.2 of the Receivables Funding Agreement,
less (b) the aggregate amount received on or prior to such time and applied in payment of the principal amount of Advances in such Currency pursuant to Section 2.3 of the Receivables Funding Agreement; provided that
the Currency Net Advances shall be restored and reinstated to the extent any such payment of principal is rescinded or must otherwise be returned for any reason. 

“Currency Net Receivables Balance” means, for any Currency at any time, an amount in such Currency equal to the sum of
(a) the aggregate Unpaid Balance of all Eligible Receivables denominated in such Currency at such time, less (b) the aggregate Unpaid Balance of Defaulted Receivables that were otherwise Eligible Receivables denominated in such
Currency at such time, less (c) the portion of the Total Excess Concentration Amount denominated in such Currency at such time. 

“Days Sales Outstanding” means, with respect to any Calculation Date, the quotient, rounded upward, if necessary, to the next
higher whole number, obtained by dividing (a) ninety (90), by (b) the quotient, rounded to four (4) decimal places, of (i) the Dollar Equivalent of the aggregate initial Unpaid Balance of Eligible Receivables which arose
during the three-month period ended on the most recent Month End Date, divided by (ii) the Total Eligible Receivables Balance as of such Month End Date. 

“Deemed Collections” means any Collections on any Receivable deemed to have been received pursuant to Section 4.4
of the Servicing Agreement or Section 4.2 (or any corresponding Section) of any Purchase and Sale Agreement. 
 “Default
Horizon Applicable Sales” means, at any time with respect to any Applicable Sales Determination Date, the sum of the products of (a) the First Percentage times the total sales of the Originators generated during the Default Horizon
Determination Period ending one-hundred twenty (120) days prior to such Applicable Sales Determination 

  
 12 

 
Date, plus (b) the Second Percentage times the total sales of the Originators generated during the Default Horizon Determination Period ending one-hundred fifty (150) days prior to such
Applicable Sales Determination Date, plus (c) the Third Percentage times the total sales of the Originators generated during the Default Horizon Determination Period ending one- hundred eighty (180) days prior to such Applicable Sales
Determination Date, plus (d) the Fourth Percentage times the total sales of the Originators generated during the Default Horizon Determination Period ending two-hundred ten (210) days prior to such Applicable Sales Determination Date, plus
(e) the Fifth Percentage times the total sales of the Originators generated during the Default Horizon Determination Period ending two-hundred forty (240) days prior to such Applicable Sales Determination Date, plus (f) the Sixth
Percentage times the total sales of the Originators generated during the Default Horizon Determination Period ending two-hundred seventy (270) days prior to such Applicable Sales Determination Date. The terms “First Percentage”,
“Second Percentage”, “Third Percentage”, “Fourth Percentage”, “Fifth Percentage” and “Sixth Percentage” are all defined in the definition of “Payment Term Percentage”. 

“Default Horizon Determination Periods” means, at any time with respect to any Applicable Sales Determination Date, the six
periods, each comprising one calendar month, ending from approximately one-hundred twenty (120) to two-hundred seventy (270) days prior to such Applicable Sales Determination Date. 

“Default Rate” means, in relation to any Advance or any other amount payable under the Transaction Documents and denominated
in any Currency, a rate per annum equal to the rate of interest otherwise in effect under the Transaction Documents plus two percent (2%) per annum. 

“Default Ratio” means, with respect to any Calculation Date, the quotient, calculated as of the most recent Month End Date
and expressed as a percentage, of (a) the Dollar Equivalent of the aggregate Unpaid Balance of all Receivables which became Defaulted Receivables during the calendar month ended on such Month End Date, divided by (b) the relevant
Default Horizon Applicable Sales. 
 “Defaulted Receivable” means a Receivable (a) as to which any payment, or part
thereof, remains unpaid for ninety-one (91) days or more after the original due date of such Receivable; (b) as to which an Event of Bankruptcy has occurred and is continuing with respect to the Obligor thereof; or (c) which,
consistent with the applicable Originator’s Credit and Collection Policy, should be written off as uncollectible. 
 “Deferred
Obligation Amount” means any amount payable by the Purchaser, in respect of (i) the deferred portion of the purchase price of any Receivable, and (ii) the principal amount of the Subordinated Loans made to the Purchaser under the
Subordinated Loan Agreement. 
 “Delinquency Ratio” means, for any Calculation Period, the quotient, calculated as of the
most recent Month End Date and expressed as a percentage, of (a) the Dollar Equivalent of the aggregate Unpaid Balance of all Delinquent Receivables as of such Month End Date, divided by (b) the Dollar Equivalent of the aggregate
Unpaid Balance of all outstanding Receivables on such Month End Date. 

  
 13 

 “Delinquent Receivable” means a Receivable (a) as to which any payment, or
part thereof, remains unpaid for sixty-one (61) days or more after the original due date of such Receivable, and (b) which is not a Defaulted Receivable. 

“Dilution” means a reduction in the Unpaid Balance of any Receivable attributable to any non-cash items including credits,
billing errors, cash discounts, volume discounts, allowances, disputes, set-offs, counterclaims, charge-backs, returned or repossessed goods, sales and marketing discounts, warranties, any unapplied credit memos and other adjustments that are made
in respect of Obligors, except any write-off in respect of a Defaulted Receivable. 
 “Dilution Horizon Ratio” means, with
respect to any Calculation Date, the quotient, expressed as a percentage, of (a) the Dollar Equivalent of the aggregate initial Unpaid Balance of all Receivables which arose during the prior two (2) calendar months ending on the most
recent Month End Date, divided by (b) the Net Receivables Balance at the most recent Month End Date. 
 “Dilution
Ratio” means, for any Month End Date, the quotient, calculated as of such Month End Date and expressed as a percentage, of (a) the Dollar Equivalent of the aggregate amount of Dilutions during the calendar month ending on such Month
End Date, divided by (b) the Dollar Equivalent of the aggregate amount of sales giving rise to Receivables during the calendar month ending on the immediately preceding Month End Date. 

“Dilution Reserve Percentage” means, with respect to any Calculation Date, a percentage calculated in accordance with the
following formula: 
 [(EDP x SF) + ((DS – EDP) x (DS/EDP))] x DHR 

where: 
  

					
	SF	    	=	 	Scaling Factor;
			
	EDP	    	=	 	Expected Dilution Percentage;
			
	DS	    	=	 	Dilution Spike; and
			
	DHR	    	=	 	Dilution Horizon Ratio.

 “Dilution Spike” means, with respect to any Calculation Date, the highest of the twelve
ratios determined by calculating, for each of the twelve (12) preceding Month End Dates, the average of the Dilution Ratios as of such Month End Date and the preceding Month End Date. 

“Dollar Base Rate” means, for any day, a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate
for such day, and (b) the rate of interest in effect for such day as publicly announced from time to time by the Agent as its “prime rate”. The “prime rate” is a rate set by the Agent based upon various factors including the
Agent’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in the prime rate announced by the
Agent shall take effect at the opening of business on the day specified in the public announcement of such change. 

  
 14 

 “Dollar Equivalent” means, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in a Currency other than Dollars, the equivalent amount in Dollars determined by the Agent or the Servicer, as applicable, on the basis of the Applicable Exchange Rate. 

“Dollars” and “$” means the lawful currency of the United States. 

“Donegal” means Donegal Receivables Purchasing Limited, a company incorporated under the laws of the Republic of Ireland.

 “EBITDA” means, with respect to any Person for any period, consolidated net income (or loss) before deducting interest,
taxes, depreciation and amortization expense, in each case of such Person and such Person’s Subsidiaries for such period. In connection with any determination made pursuant to clause (j)(iii) of Section 6.1 of the Receivables
Funding Agreement, EBITDA of MAI shall be determined without taking into account any items (negative or positive) described as “extraordinary” items in the financial statements of MAI from which such EBITDA is determined; provided
that no such adjustment for any determination will exceed $90,000,000. 
 “Eligible Investments” means any demand or time
deposits or certificates of deposit or bearer securities or commercial paper rated at least A-1+ by S&P and P-1 by Moody’s which mature prior to the date and time for any payments to be made on the Advances and which are held with or issued
by any person whose short term unsecured and unsubordinated debt obligations are rated at least A-1+ by S&P and P-1 by Moody’s. 

“Eligible Receivable” means, at any time, any Receivable: 

(a) which was originated by an Originator in the ordinary course of its business; 

(b) (i) with respect to which each of the applicable Originators has performed all obligations required to be performed by it
thereunder, including, if applicable, shipment of the merchandise and/or the performance of the services purchased thereunder; (ii) which has been billed to the relevant Obligor and is evidenced by an invoice; and (iii) which is required
to be paid in full within one hundred and eighty (180) days of the original billing date therefor; 
 (c) which was
originated in accordance with, and otherwise satisfies, all applicable requirements of the Credit and Collection Policy; 

(d) which is governed by the laws of the applicable Originator’s or Obligor’s jurisdiction; 

(e) which does not arise from the sale of any inventory (or other material used to create or process the goods related to such
Receivable) that is subject to an Adverse Claim covering the proceeds of such inventory, such that such Receivable is subject to such Adverse Claim; 

(f) which (together with the Related Security related thereto) has been the subject of a valid outright sale, transfer and
assignment under (and in accordance with) a Purchase and Sale Agreement by the relevant seller to the Purchaser; 

  
 15 

 (g) which the Purchaser shall be the complete and outright legal and beneficial
owner of, and have good and marketable title to, free and clear of all Adverse Claims; 
 (h) as to which at the time of
purchase by the Purchaser pursuant to the Purchase and Sale Agreements, the Agent has not notified the Purchaser that the Agent has in good faith reasonably determined that such Receivable or any class of Receivables of which such Receivable is a
part is not acceptable for purchase hereunder; 
 (i) the Obligor of which (i) is a resident of an Approved Country,
(ii) is not an Excluded Obligor, (iii) is not a Non-Complying Obligor, and (iv) is not an individual; 
 (j)
the Obligor of which has been directed to make all payments to a Blocked Account; 
 (k) which under any related Contract and
applicable Law is assignable without the consent of, or notice to, the Obligor of which unless such consent has been obtained and is in effect or such notice has been given, in each case in writing; 

(l) which, together with any related Contract, is in full force and effect and constitutes the legal, valid and binding
obligation of the related Obligor enforceable against such Obligor in accordance with its terms and is not subject to any litigation, dispute, offset, counterclaim or other defense; 

(m) which is (i) denominated in a Currency, and (ii) payable to the relevant Originator only in a Currency; 

(n) which has not been compromised, adjusted or modified (including by the extension of time for payment or the granting of any
discounts, allowances or credits), except as expressly permitted by the Receivables Funding Agreement and the Servicing Agreement; 

(o) which in the case of (i) a Receivable originated by a US Originator, is an “account” and is not evidenced by
an “instrument” within the meaning of Article 9 of the UCC, and (ii) a Receivable originated by any other Originator, is a right to payment of a monetary obligation for (A) property that has been sold, assigned or otherwise
transferred, or (B) services rendered by such Originator to an Obligor, and which is not evidenced by an instrument, note, agreement or other writing (other than a Contract) the delivery or endorsement of which is necessary to transfer or
otherwise perfect an ownership interest in such Receivable; 
 (p) which, together with any Contract related thereto, does
not contravene in any material respect any Laws applicable thereto (including Laws relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) and with respect to
which no part of the Contract related thereto is in violation of any such Law in any material respect; 
 (q) the assignment
of which (directly and indirectly) to the Purchaser, and the grant of a security interest over which by the Purchaser to the Agent does not violate, conflict or contravene any applicable Law or any contractual or other restriction, limitation or
encumbrance; 

  
 16 

 (r) which (together with the Related Security related thereto) has been the
subject of the grant of a perfected first priority security interest by the Purchaser to the Agent, on behalf of the Secured Parties, of all of the Purchaser’s right, title and interest therein, as security for the Secured Obligations; 

(s) which, if originated by the French Originator, if the relevant Obligor is an Official Body, the Receivable shall not arise
from the provision of services which have been subcontracted pursuant to French Law no. 75-1334 of December 31, 1975 as amended and supplemented, or any similar provision; and 

(t) which is not past due on the applicable Purchase Date. 

“English Process Agent” means the Law Debenture Group, with offices located on the Closing Date at 100 Wood Street, Fifth
Floor, London EC2V 7EX. 
 “EURIBOR” means, in relation to any Advance denominated in Euro and any Rate Period: 

(a) unless clause (b) applies, the rate per annum determined by the Agent to be equal to the arithmetic mean
(rounded upwards to five decimal places) of the offered rates (if any) appearing on Reuters Page EURIBOR 01, or any equivalent successor to such page, for deposits in Euro for such Rate Period at or about 11.00 a.m. (Brussels time) on the date which
is two TARGET Settlement Days before the first day of such Rate Period; 
 (b) in the event that (i) no such rates
appear on Reuters Page EURIBOR 01 or other applicable page of that service, (ii) the applicable page is not on display, or (iii) Reuters is not operating; then the rate per annum determined by the Agent to be equal to the arithmetic mean
(rounded upwards to five decimal places) of the rates (as notified to the Agent) at which the Agent was offering to prime banks in the Euro- zone interbank market deposits in Euro and for such Rate Period at or about 11.00 a.m. (Brussels time) on
the date which is two TARGET Settlement Days before the first day of such Rate Period. 
 “Euro” means the lawful currency
of the Participating Member States. 
 “Euro Base Rate” means, for any day, a fluctuating rate per annum determined by the
Agent as being equal to the base rate of interest (prior to including any margin) at which prime banks in the Participating Member States generally make advances in Euro available to commercial borrowers in amounts and for periods comparable to the
applicable amount of the Advance for which such rate is being determined for the remainder of the Rate Period applicable thereto. 

“Euro Overnight Rate” means the Euro Over Night Index Average as calculated by the European Central Bank and appearing on the
Telerate Service on the page designated 247, or any equivalent successor to such page, or, if no such rate is available for the relevant Rate Period, the arithmetic mean of the rates (rounded upwards to four (4) decimal places) as supplied to
the Agent at its request, quoted by leading banks in the European interbank market. 

  
 17 

 “Event of Bankruptcy” means, with respect to any Person, the occurrence of any
of the following: 
 (a) such Person (i) shall generally not pay its debts as such debts become due or (ii) shall
admit in writing its inability to pay its debts generally; 
 (b) the value of the assets of such Person is less than its
liabilities (taking into account contingent and prospective liabilities); 
 (c) the declaration of a moratorium in respect
of any indebtedness of such Person in excess of the Threshold Debt Amount; 
 (d) such Person shall make a general assignment
for the benefit of creditors or a composition, compromise, assignment or arrangement with any creditor of such Person; 
 (e)
the institution of any voluntary case or other proceeding by such Person seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, examinership, reorganization (excluding, for the avoidance of doubt, any corporate
reorganization not pursuant to any Insolvency Law to which the Agent has given its prior written consent, such consent not to be unreasonably withheld or delayed), arrangement, adjustment, protection, relief or composition of it or its debts under
any Insolvency Law, or seeking the entry of an order for relief or the appointment of a receiver, trustee, examiner or other similar official for it or any substantial part of its property or such Person shall consent to the appointment of or taking
possession by a receiver, examiner or other similar official for such Person or for any substantial part of its property, or any analogous procedure or step is taken in any jurisdiction; 

(f) the institution of any case or other proceeding against such Person without such Person’s application or consent
seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, examinership, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any Insolvency Law, or seeking the entry of an
order for relief or the appointment of a receiver, trustee, examiner or other similar official for it or any other substantial part of its property and such case or proceeding shall have continued undismissed, or unstayed and in effect, for a period
of seventy-five (75) days or an order for relief in respect of such Person shall be entered in an involuntary case under an Insolvency Law, or any analogous procedure or step is taken in any jurisdiction; or 

(g) such Person shall take any corporate, partnership or other similar appropriate action to authorize any of the actions set
forth in the preceding clauses (a), (b), (c), (d), (e) or (f). 
 “Event of
Default” is defined in Section 6.1 of the Receivables Funding Agreement. 
 “Excess Capacity Event”
means any period of sixty (60) consecutive days ending prior to the occurrence of an Event of Default or a Potential Event of Default during which the Borrowing Base exceeds an amount equal to the product of (a) 1.25, times
(b) the Aggregate Facility Limit. 

  
 18 

 “Excluded Country” means any country as to which transactions by any Originator,
the Purchaser, any Facility Lender, the Agent, any Conduit CP Funding Provider or any Conduit Support Provider of the types contemplated by the Transaction Documents would be prohibited or restricted (including pursuant to any Currency
Convertibility and Transfer Limitation) under applicable Law. 
 “Excluded Country Concentration Amount” means at any time
an amount in Dollars equal to the sum of the Dollar Equivalents of the aggregate Unpaid Balances of all of the Eligible Receivables of Obligors resident in any Excluded Country at such time. 

“Excluded Obligor” means an Obligor which is (a) an Affiliate or employee of any of the Originators, (b) an
Official Body, (c) is an individual, or (d) a Person as to which the funding of Receivables of such Obligor by any Facility Lender, the Agent or any Conduit Support Provider would be restricted or prohibited under applicable Law. 

“Excluded Receivable” means (a) any indebtedness, right to payment or other payment obligation owing by any Obligor
whose address (as listed on the invoice in respect of such indebtedness, right to payment or other payment obligation) is located in any country that is not listed on Schedule 1.1A or Schedule 1.1B, (b) any indebtedness, right to
payment or other payment obligation owing in a currency (as listed on the invoice in respect of such indebtedness, right to payment or other payment obligation) other than a Currency, (c) any indebtedness, right to payment or other payment
obligation owing by any Obligor (as listed on the invoice in respect of such indebtedness, right to payment or other payment obligation) which is a Subsidiary of MAI, and (d) any other indebtedness, right to payment or other payment obligation
specified by the Servicer and the Agent in writing from time to time as constituting an Excluded Receivable (such specification to be accomplished by excluding all indebtedness and other payment rights and obligations owing by an Obligor whose full
official name and address is set out in such written specification). 
 “Excluded Taxes” means, with respect to any
recipient: 
 (a) all franchise taxes and taxes imposed on or measured by the recipient’s net income or gross receipts
other than by reference to the transactions contemplated in the Transaction Documents; and 
 (b) all franchise taxes and
taxes imposed on or measured by the recipient’s net income or gross receipts as a result of the transactions contemplated in the Transaction Documents in the jurisdiction in which the office is (or offices are) located through which such
recipient performs its obligations under the Transaction Documents. 
 “Expected Dilution Percentage” means, with respect
to any Calculation Date, the average of the Dilution Ratios for the twelve months ending on the Month End Date immediately preceding such Calculation Date. 

“Face Amount” means, with respect to the outstanding Commercial Paper issued to fund Advances under the Receivables Funding
Agreement at any time (a) with respect to any such Commercial Paper issued on a discount basis, the face amount thereof, and (b) with 

  
 19 

 
respect to any such Commercial Paper issued on an interest-bearing basis, the principal amount thereof plus the amount of all interest then accrued on such Commercial Paper and which will accrue
thereon (which in the case of any Commercial Paper with a variable rate of interest shall be such amount as reasonably determined by the Agent in good faith) from the date of calculation to its stated maturity date. 

“Facility Lender” is defined in the preamble to the Receivables Funding Agreement. 

“Facility Limit” means, with respect to any Facility Lender, the amount in Dollars set forth opposite such Facility
Lender’s name on Schedule I to the Receivables Funding Agreement under the heading “Facility Limit”, as such amount may from time to time be reduced or increased (including by way of transfer to or from such Facility
Lender) as provided in the Transaction Documents. 
 “Fahrenheit” means Quena Plant Protection, a Netherlands Antilles
branch of Fahrenheit Holding B.V., a company organized under the laws of the Netherlands. 
 “Fahrenheit Purchase and Sale
Agreement” means the Purchase and Sale Agreement, dated as of September 28, 2004, between the Purchaser, as purchaser, and Fahrenheit, as seller. 

“Federal Funds Rate” means, for any day, the rate per annum (rounded upwards, if necessary, to the nearest one hundredth of
one percent (0.01%) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on
the Business Day next succeeding such day; provided that (a) if such day is not a New York Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding New York Business Day as so
published on the next succeeding New York Business Day, and (b) if no such rate is so published on such next succeeding New York Business Day, the Federal Funds Rate for such day shall be the average rate charged to the Agent on such day on
such transactions as determined by it. 
 “Fee Letter” means the confidential letter agreement dated as of the Closing Date
and addressed by the Agent and the Facility Lenders to the Parent and the Purchaser, with respect to certain fees to be paid by the Purchaser and the Parent in connection with transactions contemplated by the Transaction Documents and other matters.

 “Final Payout Date” means the date after the Termination Date on which the Advances, all accrued Servicing Fees and all
other Aggregate Unpaids have, in each case, been fully and finally paid. 
 “Financial Assets” of any Person as of any date
means the sum of all cash, cash equivalents and short-term investments and deposits of such Person on such date. 
 “Forward
Amount” means, at any time, any amount payable by a Facility Lender or the relevant Conduit or Conduit CP Funding Provider, as the case may be, to a Hedge Counterparty pursuant to a Forward Contract at such time. 

“Forward Contract” means a forward currency exchange contract entered into between a Facility Lender or the relevant Conduit
or Conduit CP Funding Provider, as applicable, and the relevant Hedge Counterparty, pursuant to which such Facility Lender or 

  
 20 

 
such Conduit or Conduit CP Funding Provider, as applicable, will be entitled to receive a fixed amount of funds in Dollars in exchange for delivering to the relevant Hedge Counterparty a fixed
amount of funds in another Currency. 
 “French Originator” means Makhteshim Agan France S.à r.l., a
société á responsabilité limitée organized under the laws of France. 
 “French Purchase
and Sale Agreement” means the Purchase and Sale Agreement, dated as of September 28, 2004, between the Purchaser, as purchaser, and the French Originator, as seller. 

“French Receivable” means any Receivable governed by or otherwise subject to the laws of France. 

“GAAP” means, with respect to (a) MAI and its Subsidiaries, generally accepted accounting principals applicable to such
Person or to the consolidated group of which such Person is a member, including international financial reporting standards, whether applicable by election or by operation of Law, as appropriate, (b) the Purchaser, means generally accepted
accounting principles applicable in the Republic of Ireland, and (c) any Servicer other than MAI or any of its Subsidiaries, or any other Person, generally accepted accounting principles applicable to such Person or the consolidated group of
which it is a member. 
 “German Originator” means Feinchemie Schebda GmbH, a company organized under the laws of the
Federal Republic of Germany. 
 “German Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of
September 28, 2004, between the Purchaser, as purchaser, and the German Originator, as seller. 
 “German Receivable”
means any Receivable governed by or otherwise subject to the laws of Germany. 
 “Guaranty” means, with respect to any
Person, any agreement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes liable upon, the obligation of any other Person, or agrees to maintain the net worth
or working capital or other financial condition of any other Person or otherwise assures any other creditor of such other Person against loss, including any comfort letter, operating agreement or take-or-pay contract and shall include the contingent
liability of such Person in connection with any application for a letter of credit. 
 “Hedge Counterparty” means the party
to a Forward Contract or a Spot Contract, as the case may be, other than a Facility Lender or a Conduit or a Conduit CP Funding Provider which has provided funding to a Facility Lender. 

“Indebtedness” means, with respect to any Person, without duplication, such Person’s (a) obligations for borrowed
money, (b) obligations representing the deferred purchase price of property other than accounts payable arising in the ordinary course of such Person’s business on terms customary in the trade, (c) obligations, whether or not assumed,
secured by liens or payable out of the proceeds or products of property now or hereafter owned or acquired by such Person, (d) obligations which are evidenced by notes, acceptances (including bankers acceptances), or other instruments,
(e) Capitalized Lease obligations, 

  
 21 

 
(f) obligations for which such Person is obligated pursuant to a Guaranty, (g) reimbursement obligations with respect to any letters of credit and (h) any other liabilities (other than,
in the event that the sale and transfer and/or assignment of the Receivables is treated as a financing for the purposes of GAAP, the amount of such Receivables sold and transferred (and/or assigned) pursuant to the Transaction Documents) which would
be treated as indebtedness in accordance with GAAP including, for the avoidance of doubt but without limiting the foregoing, Bank Debt. 

“Indemnified Amounts” is defined in Section 7.1 of the Receivables Funding Agreement. 

“Indemnified Parties” is defined in Section 7.1 of the Receivables Funding Agreement. 

“Initial Advance Date” means the date on which the initial Advance is made on or after September 28, 2004. 

“Insolvency Law” means any law, rule or regulation relating to bankruptcy, insolvency, reorganization, winding up or
composition or adjustment of debts. 
 “Instructing Group” means, at any time, Facility Lenders (excluding each Facility
Lender which is in default of its respective obligations under any of the Transaction Documents to which it is a party) whose Facility Limits at such time aggregate more than 66- 2/3% of the Aggregate Facility Limit. 

“Irvita” means Irvita Plant Protection N.V., a company organized under the laws of the Netherlands Antilles. 

“Irvita Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of September 20, 2001, between the
Purchaser, as purchaser, and Irvita, as seller. 
 “Israeli Business Day” means any day other than a Friday or a Saturday
or a day on which Banks in Tel Aviv, Israel are authorized or required by law to close. 
 “Israeli Originators” means each
of Agan Aroma, Agan Chemical Manufacturers, Agan Chemical Marketing and Makhteshim Chemical Works. 
 “Israeli Purchase and Sale
Agreements” means (a) the Agan Aroma Purchase and Sale Agreement, (b) the Agan Chemical Manufacturers Purchase and Sale Agreement, (c) the Agan Chemical Marketing Purchase and Sale Agreement, and (d) the Makhteshim
Chemical Works Purchase and Sale Agreement. 
 “Israeli Receivable” means any Receivable governed by or otherwise subject
to the laws of Israel. 
 “Israeli Reference Banks” means leading banks in Israel selected by the Agent. 

“Italian Originator” means Makhteshim Agan Italia S.r.l., a limited liability company organized under the laws of Italy. 

  
 22 

 “Italian Originator Purchase and Sale Agreement” means the Purchase and Sale
Agreement, dated on or around the Closing Date, between Rabobank Utrecht, as purchaser, and the Italian Originator, as seller. 

“Italian Purchase and Sale Agreements” means the Italian Originator Purchase and Sale Agreement and the Italian Subrogation
Agreement. 
 “Italian Receivable” means any Receivable governed by or otherwise subject to the laws of Italy. 

“Italian Subrogation Agreement” means the subrogation agreement, dated on or around the Closing Date, between Rabobank
Utrecht, as seller, and the Purchaser, as purchaser, in respect of the rights of Rabobank Utrecht under the Italian Originator Purchase and Sale Agreement. 

“Koor Approved Party” means each of Koor Industries Ltd., any one or more of its controlling shareholders (IDB Holding
Corporation, IDB Development Corporation and Discount Investment Corporation) and each other shareholder of MAI reasonably acceptable to the Agent which (a) has agreed with Koor Industries Ltd to act in concert with it in connection with their
shareholdings in MAI and (b) does not have any veto or comparable rights with respect to the outstanding shares of voting stock of MAI held by such Koor Approved Party. 

“Law” means any law (including common law), constitution, statute, treaty, regulation, rule, ordinance, order, injunction,
writ, decree, judgment or award of any Official Body or any fiscal, monetary or other authority having jurisdiction over or the ability (either directly or indirectly) to otherwise control, regulate or bind any Person or its property or assets. 

“LIBOR” means, in relation to any Advance denominated in Dollars or Sterling and any Rate Period: 

(a) a rate per annum determined by the Agent to be equal to the applicable Screen Rate (rounded upwards to five decimal
places), or 
 (b) in the event no such Screen Rate is available, the rate per annum determined by the Agent to be the
arithmetic mean (rounded upwards to five decimal places) of the rates offered by the Agent to prime banks in the London interbank market for deposits in the relevant Currency and with a term equivalent to such Rate Period, 

in each case, at or about 11.00 a.m. (London time) on (i) in relation to Sterling, the first day of the relevant Rate Period, or (ii) in relation to
Dollars, two (2) London Banking Days prior to the first day of the relevant Rate Period. 
 “Liquidation Reserve
Percentage” means, with respect to any Calculation Date, a percentage equal to the product of (a) the sum of (i) the Dollar Base Rate determined by the Agent in its reasonable discretion as of the related Monthly Reporting Date,
plus (ii) two percent (2.0%), times (b) the quotient of (i) the Adjusted DSO divided by (ii) three hundred and sixty (360). 

  
 23 

 “London Banking Pay” means any day, other than a Saturday or Sunday, on which
dealings in interbank deposits in Dollars and Euro and in foreign exchange are carried on in the London interbank market. 
 “Loss
and Dilution Reserve Percentage” means, with respect to any Calculation Date, a percentage equal to the greater of (a) the sum of the Loss Reserve Percentage and the Dilution Reserve Percentage, and (b) the Reserve Floor
Percentage, in each case for such Calculation Date. 
 “Loss Horizon Applicable Sales” means, at any time with respect to
any Applicable Sales Determination Date, the sum of the products of (a) the First Percentage times the total sales of the Originators generated during the six calendar months ending on such Applicable Sales Determination Date, plus (b) the
Second Percentage times the total sales of the Originators generated during the seven calendar months ending on such Applicable Sales Determination Date, plus (c) the Third Percentage times the total sales of the Originators generated during
the eight calendar months ending on such Applicable Sales Determination Date, plus (d) the Fourth Percentage times the total sales of the Originators generated during the nine calendar months ending on such Applicable Sales Determination Date,
plus (e) the Fifth Percentage times the total sales of the Originators generated during the ten calendar months ending on such Applicable Sales Determination Date, plus (f) the Sixth Percentage times the total sales of the Originators
generated during the eleven calendar months ending on such Applicable Sales Determination Date. 
 “Loss Horizon Determination
Periods” means, at any time with respect to any Applicable Sales Determination Date, the eleven periods, each comprising one calendar month, ending on such Applicable Sales Determination Date. 

“Loss Horizon Ratio” means, with respect to any Calculation Date, the quotient, expressed as a percentage, of (a) Loss
Horizon Applicable Sales, divided by (b) the Net Receivables Balance at the most recent Month End Date. 
 “Loss
Ratio” means, for any Calculation Date, the highest of the twelve (12) ratios determined by calculating, for each of the twelve (12) preceding Month End Dates, the average of the Default Ratios as of the three (3) Month End
Dates ending on each such Month End Date. 
 “Loss Reserve Percentage” means, with respect to any Calculation Date, a
percentage calculated in accordance with the following formula: 
 SF x LR x LHR 

where: 
  

					
	SF	  	=	  	Scaling Factor;
			
	LR	  	=	  	Loss Ratio; and
			
	LHR	  	=	  	Loss Horizon Ratio.

 “MAI” means Makhteshim Agan Industries Ltd., a limited company organized under the laws of
the State of Israel. 

  
 24 

 “MAI Party” means MAI, each Originator and each Affiliate of MAI from time to
time party to a Transaction Document. 
 “Makhteshim Agan España” means Makhteshim Agan España S.A., a
corporation organized under the laws of the Kingdom of Spain. 
 “Makhteshim Agan España Purchase and Sale
Agreement” means the Purchase and Sale Agreement, dated as of September 20, 2001, by and between the Purchaser, as purchaser, and Makhteshim Agan España, as seller. 

“Makhteshim Chemical Works” means Makhteshim Chemical Works Ltd., a company organized under the laws of Israel. 

“Makhteshim Chemical Works Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of September 20,
2001, between the Purchaser, as purchaser, and Makhteshim Chemical Works, as seller. 
 “MANA” means Makhteshim Agan of
North America, Inc., a corporation organized under the laws of the State of Delaware. 
 “MANA Purchase and Sale Agreement”
means the Purchase and Sale Agreement, dated September 28, 2004, by and between the Purchaser, as purchaser, and MANA, as seller. 

“Material Adverse Effect” means any event or condition which could, in the good faith determination of the Agent, have a
material adverse effect on (a) the collectability of the Receivables, (b) the condition (financial or otherwise), businesses or properties of the Purchaser, the Parent, any Originator, the Servicer, any Sub-Servicer or the Subordinated
Lender, including any material adverse development in any litigation or arbitration relating to, or involving, such Person, (c) the ability of the Purchaser, the Parent, any Originator, the Servicer, any Sub-Servicer or the Subordinated Lender
to perform its respective obligations under the Transaction Documents to which it is a party, (d) the legality, validity or enforceability of any Transaction Document or any part thereof, (e) the Purchaser’s, the Agent’s, any
Lender’s or any other Secured Party’s interest in the Receivables, any related other Affected Assets or any Collections with respect thereto, or (f) the interests of the Agent or any Secured Party under any of the Transaction
Documents. 
 “Matured Value” means, with respect to the outstanding Related Commercial Paper at any time (a) with
respect to any Commercial Paper issued on a discount basis, the face amount thereof, and (b) with respect to any Commercial Paper issued on an interest-bearing basis, the principal amount thereof plus the amount of all interest then accrued on
such Commercial Paper and which will accrue thereon (which in the case of any Commercial Paper with a variable rate of interest shall be such amount as reasonably determined by the Agent in good faith) from the date of calculation to its stated
maturity date. 
 “Maturity Date” means the earlier of: 

(a) the Scheduled Maturity Date; and 

(b) the date on which the Advances are declared or automatically become due and payable pursuant to Section 6.2 or
63 of the Receivables Funding Agreement. 

  
 25 

 “Maximum Currency Net Advances” means at any time for any Currency (a) the
Aggregate Currency Facility Limit for such Currency at such time, less (b) the product of (i) the Participant Reduction Amount (if any) at such time times (ii) a fraction the numerator of which is the Aggregate Currency Facility Limit
for such Currency at such time and the denominator of which is the Aggregate Facility Limit at such time, in each case before giving effect to such reduction; provided that any reduction in the Currency Facility Limit as a result of clause
(b) shall only take effect on the Settlement Date occurring in the calendar month immediately following the month in which the relevant Participant Event occurs. 

“Maximum Net Advances” means, at any time (a) the Aggregate Facility Limit at such time, less (b) the Participant
Reduction Amount (if any) at such time; provided that any reduction in the Maximum Net Advances as a result of clause (b) shall only take effect on the Settlement Date occurring in the calendar month immediately following the month in
which the relevant Participant Event occurs. 
 “Month End Date” means the last day of each calendar month. 

“Monthly Reporting Date” is defined in Section 3.2 of the Servicing Agreement. 

“Moody’s” means Moody’s Investors Service, Inc., or any successor that is a nationally recognized statistical
rating organization. 
 “Net Advances” means, at any time, an amount in Dollars equal to the sum of the Dollar Equivalents
at such time of the Currency Net Advances in each Currency. 
 “Net Debt” of any Person as of any date means the excess of
(a) the Bank Debt of such Person (other than as referred to in clauses (e) and (f) of the definition thereof) on such date over (b) the Financial Assets of such Person on such date. 

“Net Receivables Balance” means, at any time, an amount equal to (a) the Dollar Equivalent of the aggregate Unpaid
Balance of all Eligible Receivables denominated in all Currencies at such time, less (b) the Dollar Equivalent of the aggregate Unpaid Balance of Defaulted Receivables that were otherwise Eligible Receivables at such time less
(c) the Total Excess Concentration Amount at such time. 
 “Net Worth” of any Person as of any date means the excess
of total assets over total liabilities of such Person as of such date, where total assets and total liabilities are determined in accordance with GAAP consistently applied (or with such changes relevant to the determination thereof as have been
notified to and are acceptable to the Agent). 
 “New York Business Day” means any day other than a Saturday or Sunday or a
day on which banks in New York City are authorized or required by law to close. 
 “New York Process Agent” means CT
Corporation System with its address at 111 Eighth Avenue New York, NY 10011. 

  
 26 

 “Non-Complying Obligor” means, with respect to each Obligor: 

(a) except as provided in clause (b), such Obligor pays each month, for a period of three consecutive calendar months, more
than ten percent (10%) of the amounts owing by it to the relevant Originator into an account other than a Blocked Account with respect to which a Blocked Account Agreement is in place; and 

(b) if any Obligor has at any point become a Non-Complying Obligor under clause (a) and subsequently (as a result of
making the requisite amount of payments into the appropriate Blocked Account) no longer qualifies as a Non- Complying Obligor, such Obligor shall become a Non-Complying Obligor if it pays, in any calendar month, more than ten percent (10%) of
the amounts owing by it to the relevant Originator into an account other than a Blocked Account with respect to which a Blocked Account Agreement is in place. 

“Non-Public Information” means with respect to any Person all information relating to such Person which is received by a
recipient pursuant to or in connection with any Transaction Document in whatever form, and includes information given orally and any document, electronic file or any other way of representing or recording information which contains or is derived or
copied from such information, but excludes information that: 
 (a) is or becomes public information other than as a direct
or indirect result of any breach by such recipient of its confidentiality obligations under a Transaction Document; or 
 (b)
is identified in writing at the time of delivery as non-confidential by such Person; or 
 (c) is known by such recipient
before the date the information is disclosed to it, or is lawfully obtained by such recipient after that date in a manner which, as far as such recipient is aware, has not been obtained in breach of, or is not otherwise subject to, any obligation of
confidentiality. 
 “Obligor” means, with respect to any Receivable, the Person obligated to make payments in respect of
such Receivable pursuant to a Contract or otherwise; provided that, for purposes of the definitions of “Obligor Concentration Amount” and “Obligor Concentration Percentage”, any group of two or more Obligors that are
Affiliates of each other shall be treated as a single Obligor. 
 “Obligor Concentration Amount” means, with respect to any
Obligor at any time, an amount in Dollars equal to the amount by which (a) the sum of the Dollar Equivalents of the aggregate Unpaid Balances of all of the Eligible Receivables of such Obligor at such time that are not Defaulted Receivables,
exceeds (b) the product of (i) the Obligor Concentration Percentage for such Obligor, times (ii) the sum of the Dollar Equivalents of the aggregate Unpaid Balances of all Eligible Receivables at such time that are not Defaulted
Receivables. 
 “Obligor Concentration Percentage” means, at any time, for any Obligor located in any Category One Country,
Category Two Country or Excluded Country, the percentage set forth below opposite such Obligor’s country type: 
  

			
	Category One Country	  	two percent (2%); provided that, for not more than six (6) Obligors in the aggregate, the applicable percentage shall be three percent (3%);

  
 27 

			
	Category Two Country	  	two percent (2%); provided that, for not more than six (6) Obligors in the aggregate,, the applicable percentage shall be three percent (3%); and
		
	Excluded Country	  	zero percent (0%).

 “Official Body” means any federal, state, county, city or local government or political
subdivision or any agency, authority, bureau, central bank, commission, department or instrumentality of any such government or political subdivision, or any court, tribunal, grand jury or arbitrator, or any accounting board or authority (whether or
not part of government) which is responsible for the establishment or interpretation of national or international accounting principles or any recognized stock exchange or listing authority, in each case whether foreign or domestic. 

“Offshore Rate” means for any Advance funded (a) in Dollars or Sterling, LIBOR, (b) in Euro, EURIBOR, (c) in
Shekels, the Shekel Offshore Rate, (d) in Australian Dollars, BBR, and (e) in Zloty, the Zloty Offshore Rate. 
 “Omnibus
Amendment” means the Omnibus Amendment Agreement, dated as of the Closing Date, by and among, inter alia, the parties hereto. 

“Organic Documents” of any Person means its memorandum and articles of association, articles or certificate of incorporation
and by-laws, limited liability agreement, partnership agreement or other comparable charter or organizational documents as amended from time to time. 

“Origination and Servicing Affiliate” is defined in Section 2.1(b) of the Servicing Agreement. 

“Originators” means, as the context requires, all or any one of the Antilles Originators, the Australian Originator, the
French Originator, the German Originator, the Israeli Originators, the Italian Originator, the Polish Originator, the Spanish Originators, the UK Originator and the US Originators. 

“Other Customer” means any Person other than the Purchaser that has entered into an agreement or instrument with a Facility
Lender or any Conduit in connection with the provision of financing for the purchase or funding of receivables or other financial assets. 

“Overnight Rate” means, for any Advance funded (a) in Dollars, the Federal Funds Rate, (b) in Euro, the Euro
Overnight Rate, (c) in Sterling, the Sterling Overnight Rate, (d) in Shekels, the Shekel Overnight Rate, (e) in Australian Dollars, the Australian Dollar Overnight Rate, and (f) in Zloty, the Zloty Overnight Rate. 

“Parent” means MAI. 

“Parent Undertaking Agreement” means the Parent Undertaking Agreement, dated as of September 28, 2004, among the Parent,
the Purchaser and the Agent. 
 “Participant” means any Person from time to time acquiring a participation in the risk of
the commitment of a Conduit Support Provider or in the rights and benefits of a Conduit Support Provider in any advances or investments made by it pursuant to its Conduit Support Agreement, whether on a funded or an unfunded basis. 

  
 28 

 “Participant Event” means, with respect to any Participant, that either: 

(a) such Participant shall fail to have both a short-term rating for its senior unsecured foreign currency obligations of at
least P1 from Moody’s and a short-term rating for its senior unsecured foreign currency obligations of at least A2 from S&P; or 

(b) such Participant shall notify Rabobank of the termination of such Participant’s commitment under its Participation
Agreement stating that such termination is made as a result of a Regulatory Capital Event; and 
 in either case the Agent elects to notify the Purchaser
and the Parent that a Participant Event has occurred and that the amount of available funding shall be reduced by the Participation Reduction Amount as provided in the Transaction Documents. For the avoidance of doubt, the Participant shall not be
required to provide any details or evidence to support its notice in clause (b) above. 
 “Participant Reduction
Amount” means, at any time, with respect to all Participants in respect of which a Participant Event is continuing, the aggregate amount of such Participants’ commitments to acquire participations in the relevant Conduit Support
Provider’s commitments, advances and investments under its Conduit Support Agreement. 
 “Participating Member State”
means any member state of the European Community that adopts or has adopted the Euro as its lawful currency in accordance with legislation of the European Community relating to Economic and Monetary Union. 

“Participation Agreement” means (a) the Participation Agreement, dated as of September 28, 2004, between Rabobank
and Bank Leumi le Israel B.M., and (b) the Participation Agreement, dated as of September 28, 2004, between Rabobank and Bank Hapoalim B.M. 

“Payment Term Percentage” means, at any time, the six individual percentages, adding up to one hundred percent (100%), most
recently supplied by the Servicer to the Agent (which the Servicer hereby undertakes to provide promptly following each written request of the Agent), each of which represents the percentage of the Total Receivables Balance represented by specific
payment terms which the Originators have granted to the Obligors, in increments of thirty (30) days up to one-hundred eighty (180) days. The respective Payment Term Percentages shall be referred to in this Schedule of Definitions as
follows: 
  

			
	 Payment Terms
	  	 Reference

		
	up to 30 days	  	First Percentage
		
	31-60 days	  	Second Percentage
		
	61-90 days	  	Third Percentage
		
	91-120 days	  	Fourth Percentage
		
	121-150 days	  	Fifth Percentage
		
	151-180 days	  	Sixth Percentage

  
 29 

 “Permitted Advance Date” means, with respect to (a) the initial Advance (or
initial Advances in more than one Currency), the Initial Advance Date, and (b) any other Advance (i) any date set forth in clause (a)(i) of the definition of Settlement Date, or (ii) to the extent the Agent (acting upon the
instruction of the Instructing Group) determines, any other day. 
 “Person” means an individual, partnership, limited
liability company, corporation, joint stock company, trust (including a business trust), unincorporated association, joint venture, firm, enterprise, Official Body or any other entity. 

“Polish Originator” means Makhteshim-Agan Poland Sp z o.o., a limited company organized under the laws of Poland. 

“Polish Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated on or around the Closing Date, between the
Purchaser, as purchaser, and the Polish Originator, as seller. 
 “Polish Receivable” means any Receivable governed by or
otherwise subject to the laws of Poland. 
 “Potential Event of Default” means an event which but for the lapse of time or
the giving of notice, or both, would constitute an Event of Default. 
 “Potential Servicer Default” means an event which
but for the lapse of time or the giving of notice, or both, would constitute a Servicer Default. 
 “Principal Obligations”
is defined in Section 9.14 of the Receivables Funding Agreement. 
 “Purchase and Sale Agreements” means, as
the context requires, all or any one of the Antilles Purchase and Sale Agreements, the Australian Purchase and Sale Agreement, the French Purchase and Sale Agreement, the German Purchase and Sale Agreement, the Israeli Purchase and Sale Agreements,
the Italian Purchase and Sale Agreements, the Polish Purchase and Sale Agreement, the Spanish Purchase and Sale Agreements, the UK Purchase and Sale Agreement, and the US Purchase and Sale Agreements. 

“Purchase Date” means, with respect to any Receivable, the date of purchase thereof by the Purchaser under the applicable
Purchase and Sale Agreement. 
 “Purchase Termination Date” means, in relation to any Purchase and Sale Agreement, the date
on or after which the Purchaser will make no further purchases of Receivables thereunder, as further defined and specified in such Purchase and Sale Agreement. 

“Purchaser” means Donegal Receivables Purchasing Limited, a company incorporated under the laws of the Republic of Ireland.

  
 30 

 “Qualifying Lender” means a Person beneficially entitled to any interest payable
to that Person under a Transaction Document: 
 (a) which is a bank carrying on a bona fide banking business in Ireland; or

 (b) which is a person resident in a country with which Ireland has a double taxation treaty or which is a person resident
in a member state of the European Union (other than Ireland) provided in each case such person does not receive such interest in connection with a trade or business carried on by it through an Irish branch or agency. 

“Quena” means Quena Plant Protection N.V., a company organized under the laws of the Netherlands Antilles. 

“Quena Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of September 20, 2001, between the
Purchaser, as purchaser, and Quena, as seller. 
 “Rabobank” means Coöperatieve Centrale Raiffeisen-Boerenleenbank
B.A. (trading as Rabobank International), London Branch. 
 “Rabobank Utrecht” means Coöperatieve Centrale
Raiffeisen-Boerenleenbank B.A.. 
 “Rate Period” means, with respect to any Advance at any time, the funding period then in
effect with respect to such Advance determined in accordance with Section 2.4 of the Receivables Funding Agreement; provided that: 

(a) any Rate Period with respect to any Advance which would otherwise end on a day which is not a Business Day shall be
extended to the next succeeding Business Day; provided that, if Yield in respect of such Rate Period is computed by reference to (i) LIBOR and such Rate Period would otherwise end on a day which is not a London Banking Day and there is
no subsequent London Banking Day in the same calendar month as such day, such Rate Period shall end on the next preceding London Banking Day, (ii) EURIBOR and such Rate Period would otherwise end on a day which is not a Brussels Banking Day,
and there is no subsequent Brussels Banking Day in the same calendar month as such day, such Rate Period shall end on the next preceding Brussels Banking Day; and 

(b) in the case of any Rate Period for any Advance which commences before the Termination Date and would otherwise end on a
date occurring after the Termination Date, such Rate Period shall end on such Termination Date and the duration of each Rate Period which commences on or after the Termination Date shall be of such duration as shall be selected by the Agent. 

“Receivable” means any indebtedness or other obligation owing by any Obligor to any Originator (prior to giving effect to any
transfer under the relevant Purchase and Sale Agreement) or to the Purchaser (after giving effect to any transfer under the relevant Purchase and Sale Agreement) to payment from or on behalf of an Obligor, whether constituting an account, chattel
paper, instrument or general intangible, denominated in any Currency, arising in connection with the sale of products or services by such Originator to such Obligor or an Affiliate of such Obligor, and includes the obligation to pay any fees and
other charges with respect thereto; provided that the term “Receivable” shall also include any 

  
 31 

 
supplemental definition contained in any Purchase and Sale Agreement with respect to the Receivables created or acquired by the relevant Originator; and provided, further, that the
term “Receivable” shall not include any Excluded Receivable. 
 “Receivables Balance Report” means a report in
substantially the form of Exhibit A to the Servicing Agreement and furnished, or to be furnished, by the Servicer to the Agent and the Administrator pursuant to Section 3.2(b) of the Servicing Agreement. 

“Receivables Balance Reporting Date” is defined in Section 3.2(b) of the Servicing Agreement. 

“Receivables Funding Agreement” means the Receivables Funding Agreement, dated as of September 28, 2004, by and among
the Purchaser, the Facility Lenders and the Agent. 
 “Records” means all Contracts, if any, and other documents, purchase
orders, invoices, agreements, books, records and any other media, materials or devices for the storage of information (including tapes, disks, punch cards, computer programs and databases and related property) maintained by the Purchaser, MAI, any
Originator or the Servicer with respect to the Receivables, any related other Affected Assets or the Obligors, including any Purchase and Sale Notice (as such term is defined in the Israeli Purchase and Sale Agreements). 

“Reference Banks” means the principal London or Sydney office (as applicable) of each of Barclays Bank PLC, Lloyds TSB Bank
PLC, HSBC Bank plc and The Royal Bank of Scotland plc or such other bank or banks which the Agent may appoint from time to time to replace any such Reference Bank. 

“Regulatory Capital Event” means, with respect to any Participant, that in such Participant’s sole determination and
discretion a material increase in the capital cost to such Participant of maintaining its participation pursuant to its Participation Agreement has occurred and is continuing. 

“Related Commercial Paper” means, at any time of determination, Commercial Paper the proceeds of which are allocated by the
Agent on the basis of information provided by each Facility Lender as the source of funding the acquisition or maintenance of the Advances by such Facility Lender and, for any Currency, the portion of such Commercial Paper so allocated by the Agent
as the source of funding for Advances denominated in such Currency. 
 “Related Security” means with respect to any
Receivable, all of the applicable Originator’s (prior to giving effect to any transfer under the relevant Purchase and Sale Agreement) or the Purchaser’s rights, title and interest in, to and under: 

(a) any goods (including returned or repossessed goods) and documentation or title evidencing the shipment or storage of any
goods relating to any sale giving rise to such Receivable; 
 (b) all other security interests or liens and property subject
thereto from time to time, if any, purporting to secure payment of such Receivable, whether pursuant to a Contract related to such Receivable or otherwise, together with all financing statements and other filings signed by an Obligor relating
thereto; 

  
 32 

 (c) any Contract and all guarantees, indemnities, warranties, insurance
(casualty, credit or otherwise; and proceeds and premium refunds thereof) or other agreements or arrangements of any kind from time to time supporting or securing payment of such Receivable, whether pursuant to a Contract related to such Receivable
or otherwise; 
 (d) all Records related to such Receivable; and 

(e) all Collections on and other proceeds of any of the foregoing. 

“Reserve Floor Percentage” means, with respect to any Calculation Date, the greater of: 

(a) the sum of (i) twenty-five percent (25%), plus (ii) the product of (A) the Expected Dilution Percentage,
times (B) the Dilution Horizon Ratio; and 
 (b) the greatest as at such Calculation Date of: 

(i) a fraction expressed as a percentage the numerator of which is the sum of the Unpaid Balance of all Receivables owing by
Obligors located in the A-1/P-1 rated country having the largest such Unpaid Balance of Receivables and the denominator of which is the Unpaid Balance of all Receivables; 

(ii) a fraction expressed as a percentage the numerator of which is the sum of the Unpaid Balance of all Receivables owing by
Obligors located in the two A-2/P-2 rated countries having the largest such Unpaid Balances of Receivables and the denominator of which is the Unpaid Balance of all Receivables; and 

(iii) a fraction expressed as a percentage the numerator of which is the sum of the Unpaid Balance of all Receivables owing by
Obligors located in the three A-3/P-3 rated countries having the largest such Unpaid Balances of Receivables and the denominator of which is the Unpaid Balance of all Receivables. 

“Scaling Factor” means: 

(a) except as provided in clause (b), two and one-quarter (2.25); and 

(b) at any time a Participant Event is continuing as a result of clause (b) of the definition of that term, two and
one-half (2.50); provided that this clause (b) shall only apply as from the Settlement Date occurring in the calendar month immediately following the month in which the relevant Participant Event occurs. 

“Schedule of Definitions” means this Amended and Restated Master Schedule of Definitions, Interpretations and Construction,
dated as of the Closing Date, by and among the parties hereto. 

  
 33 

 “Scheduled Maturity Date” means September 28, 2012 or such later date to
which the Scheduled Maturity Date has been extended pursuant to Section 2.11 of the Receivables Funding Agreement. 

“Screen Rate” means, with respect to any Currency and any Rate Period, the offered rate that appears on the page of the
Telerate Screen that displays an average British Bankers Association Interest Settlement Rate (such page currently being page 3750) for deposits in such Currency (for delivery on the first day of such Rate Period) with a term equivalent to such Rate
Period; provided that, in the event such offered rate does not appear on such page or service or such page or service shall cease to be available, the offered rate per annum (rounded upwards to five (5) decimal places) equal to the
offered rate determined by the Agent to be the offered rate on such other page or other service that displays an average British Bankers Association Interest Settlement Rate for deposits in such Currency (for delivery on the first day of such Rate
Period) with a term equivalent to such Rate Period. 
 “Secured Obligations” means all obligations from time to time of the
Purchaser to the Facility Lenders, the Agent and the other Secured Parties under the Security Documents and under the other Transaction Documents, of whatever nature and whenever arising. 

“Secured Parties” means the Facility Lenders, the Agent, the Administrators and the other Indemnified Parties. 

“Security Agreement” means the Deed of Charge and Assignment, dated September 28, 2004, between the Purchaser and the
Agent. 
 “Security Documents” means the Security Agreement, the Spanish Pledge over Receivables and each other security
agreement, deed of charge and assignment or other agreement executed or delivered from time to time by the Purchaser pursuant to the Transaction Documents. 

“Senior Obligations” means all Aggregate Unpaids which may now or hereafter be owing by the Purchaser to the Agent and/or any
other Secured Party under the Transaction Documents. 
 “Servicer” means, initially, MAI, in its capacity as Servicer under
the Servicing Agreement, and any other Person as may from time to time be appointed as Servicer pursuant to Section 2.1 of the Servicing Agreement. 

“Servicer Default” is defined in Section 7.1 of the Servicing Agreement. 

“Servicer Report” means a report mutually agreed to by the Purchaser, the Servicer and the Agent from time to time and
furnished, or to be furnished, by the Servicer to the Agent and the Administrator pursuant to Section 3.2 of the Servicing Agreement. 

“Servicing Agreement” means the Receivables Servicing Agreement, dated as of September 28, 2004, among the Purchaser,
the Servicer and the Agent. 
 “Servicing Fee” means, for any Currency, the fees payable in such Currency to the Servicer
in respect of Receivables denominated in such Currency, in an amount equal to either (a) at any time when the Servicer is MAI or any of its Affiliates, three quarters of one percent (0.75%) per annum on the weighted monthly average of the
aggregate Unpaid 

  
 34 

 
Balances of such Receivables, or (b) at any time when the Servicer is not MAI or any of its Affiliates, the amount determined upon the agreement of such Person and the Agent, in either case,
payable in arrears on each Settlement Date from Collections pursuant to, and subject to the priority of payments set forth in, Section 4.1 of the Servicing Agreement. 

“Settlement Date” means (a) prior to the Termination Date (i) the twentieth (20th) day of each calendar month
(or, if such day is not a Business Day, the immediately succeeding Business Day or (ii) such other day as the Purchaser and the Agent (acting upon the instruction of the Instructing Group) may from time to time mutually agree; and (b) for
any Advance on and after the Termination Date, each day selected from time to time by the Agent (it being understood that the Agent, acting upon the instruction of the Instructing Group, may select Settlement Dates to occur as frequently as daily)
or, in the absence of any such selection, the date which would be the Settlement Date for such Advance pursuant to clause (a)(i) of this definition. 

“Share” means, at any time with respect to any Facility Lender, the amount (expressed as a percentage) equal to (a) the
Facility Limit of such Facility Lender divided by (b) the Aggregate Facility Limit. 
 “Shared Costs” is defined in
Section 7.2(d) of the Receivables Funding Agreement. 
 “Shekel” or “NIS” means the lawful
currency of the State of Israel. 
 “Shekel Base Rate” means, for any day, a rate of interest per annum (rounded upwards,
if necessary, to the nearest 1/100 of 1%) equal to the nominal rate of interest in effect for such day as publicly announced from time to time by the Israeli Reference Banks. The “prime rate” is a rate of interest per annum announced by
the Israeli Reference Banks as their “prime daily rate” of interest per annum on debit balances in current debit accounts maintained at the Israeli Reference Banks. Any change in the prime rate announced by all or any of the Israeli
Reference Banks shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Shekel Offshore Rate” means the Shekel Base Rate. 

“Shekel Overnight Rate” means, for any day, a rate of interest per annum (rounded upwards, if necessary, to the nearest 1/100
of 1%) equal to the rate of interest per annum fixed by the Israeli Reference Banks from time to time as the rate applicable to all of its commercial customers for Shekel transactions on that day (prior to the addition of any margin). 

“S&P” means Standard & Poor’s Ratings Services, a Standard and Poor’s Financial Services LLC business,
or any successor that is a nationally recognized statistical rating organization. 
 “Spanish Originators” means each of
Aragonesas Agro and Makhteshim Agan España. 
 “Spanish Pledge over Receivables” means the Spanish Pledge over
Receivables, dated as of September 28, 2004, between the Purchaser and the Agent. 

  
 35 

 “Spanish Purchase and Sale Agreements” means (a) the Aragonesas Agro
Purchase and Sale Agreement and (b) the Makhteshim Agan España Purchase and Sale Agreement. 
 “Spanish
Receivable” means any Receivable governed by or otherwise subject to the laws of Spain. 
 “Spot Contract” means a
spot currency exchange contract entered into between a Facility Lender or the relevant Conduit or Conduit CP Funding Provider, as applicable, and the relevant Hedge Counterparty pursuant to which such Facility Lender or such Conduit or Conduit CP
Funding Provider, as applicable, will deliver a fixed amount of funds in Dollars and receive from the relevant Hedge Counterparty a fixed amount of funds in another Currency. 

“Sterling” and “£” means the lawful currency of the United Kingdom. 

“Sterling Base Rate” means, for any day, a fluctuating rate per annum determined by the Agent as being equal to the base rate
of interest (prior to including any margin) at which prime banks in London generally make advances in Sterling available to commercial borrowers in amounts and for periods comparable to the applicable amount of the Advance for which such rate is
being determined for the remainder of the Rate Period applicable thereto. 
 “Sterling Overnight Rate” means the Sterling
Over Night Index Average as calculated by the Bank of England and appearing on the Telerate Service on the page designated 3937 or the Reuters page designated SONIA 1, or any equivalent successor to either such page, and if no such rate is available
for the relevant Rate Period, the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Agent at its request quoted by the Reference Banks to leading banks in the London interbank market. 

“Subordinated Lender” means MAI. 

“Subordinated Loan” is defined in Section 1.2 of the Subordinated Loan Agreement. 

“Subordinated Loan Agreement” means the Subordinated Loan Agreement, dated as of September 28, 2004, by and among the
Purchaser, the Subordinated Lender, the Agent and the Servicer. 
 “Subordinated Loan Borrowing Request” is defined in
Section 1.2 of the Subordinated Loan Agreement. 
 “Subrogation Notice” means, in connection with the transfer
of any French Receivables by way of subrogation pursuant to any Purchase and Sale Agreement, a subrogation notice (quittance subrogative), howsoever described, in the form attached to such Purchase and Sale Agreement. 

“Sub-Servicer” means any Origination and Servicing Affiliate of MAI or any other Person, in each case, appointed as
sub-servicer pursuant to Section 2.2 of the Servicing Agreement. 
 “Subsidiary” means, with respect to any
Person, any corporation or other Person (a) of which securities or other ownership interests having ordinary voting power to elect a 

  
 36 

 
majority of the board of directors or other Persons performing similar functions are at the time directly or indirectly owned by such Person, or (b) that is directly or indirectly controlled
by such Person. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the other Person, whether through the
ownership of voting securities or membership interests, by contract, or otherwise. 
 “TARGET Settlement Day” means any day
on which TARGET (the Trans-European Automated Real-Time Gross settlement Express Transfer System) is open. 
 “Taxes” is
defined in Section 7.3 of the Receivables Funding Agreement. 
 “Termination Date” means the earliest of: 

(a) the Maturity Date; 

(b) the Conduit Termination Date; and 

(c) the Purchase Termination Date under any Purchase and Sale Agreement (other than solely as a result of (i) the proviso
to Section 6.3 of the Receivables Funding Agreement, or (ii) Section 2.7 of the Parent Undertaking Agreement); and 

(d) the date (if any) declared by the Parent as the Termination Date during the continuation of a Potential Event of Default or
Event of Default of the nature described in Section 6.1(j)(i) of the Receivables Funding Agreement. 
 “Threshold Debt
Amount” means (a) in relation to the Purchaser, nine thousand five hundred US Dollars ($9,500), and (b) in the case of any MAI Party or any subsidiary thereof, five million US Dollars ($5,000,000), or, in each case, the equivalent
in any other currency or currencies. 
 “Total Eligible Receivables Balance” means, at any time, the Dollar Equivalent of
the aggregate Unpaid Balance of all Eligible Receivables denominated in all Currencies at such time. 
 “Total Excess Concentration
Amount” means, at any time, the sum of (without duplication): 
 (a) the Country Concentration Amount at such time;
and 
 (b) the Obligor Concentration Amount at such time. 

“Total Receivables Balance” means, at any time, the Dollar Equivalent of the aggregate Unpaid Balance of Receivables
denominated in all Currencies at such time. 
 “Total Reserve Percentage” means, with respect to any Calculation Date, a
percentage equal to the sum of (a) the Liquidation Reserve Percentage, plus (b) the Loss and Dilution Reserve Percentage, in each case for such Calculation Date. 

“Transaction Documents” means, collectively, this Schedule of Definitions, the Receivables Funding Agreement, the Servicing
Agreement, the Parent Undertaking 

  
 37 

 
Agreement, the Subordinated Loan Agreement, the Security Documents, the Purchase and Sale Agreements, the Blocked Account Agreements, the Fee Letter, the Agency Fee Letter, each Sub-Servicer
appointment letter, each power of attorney, each Conduit CP Funding Agreement, each Conduit Support Agreement and all of the other instruments, documents and other agreements from time to time executed and delivered by the Purchaser, the Servicer,
any Originator or any MAI Party pursuant to or in connection with any of the foregoing. 
 “UCC” means the Uniform
Commercial Code as in effect in the applicable jurisdiction or jurisdictions of the United States. 
 “UK Originator” means
Makhteshim-Agan (UK) Limited, a limited company incorporated under the laws of England and Wales. 
 “UK Purchase and Sale
Agreement” means the Purchase and Sale Agreement, dated as of September 28, 2004, by and between Purchaser, as purchaser, and UK Originator, as seller. 

“UK Receivable” means any Receivable governed by or otherwise subject to the laws of England and Wales. 

“United Kingdom” and “UK” means the United Kingdom of Great Britain and Northern Ireland. 

“Unpaid Balance” means, with respect to any Receivable at any time, the unpaid amount of such Receivable at such time. 

“U.S.” or “US” or “United States” means the United States of America. 

“US Originator” means each of Alligare, Control Solutions and MANA. 

“US Purchase and Sale Agreements” means (a) the Alligare Purchase and Sale Agreement; (b) the Control Solutions
Purchase and Sale Agreement, and (c) the MANA Purchase and Sale Agreement. 
 “US Receivable” means any Receivable
governed by or otherwise subject to the laws of any State or territory of the United States. 
 “WIBOR” means, in relation
to any Advance denominated in Zloty and any Rate Period: 
 (a) a rate per annum determined by the Agent to be equal to the
WIBOR Screen Rate (rounded upwards to five decimal places); or 
 (b) in the event that no such Screen Rate is available, the
rate per annum determined by the Agent to be the arithmetic mean (rounded upwards to five decimal places) of the rates offered by prime banks in the Warsaw interbank market for deposits in the relevant Currency and with a term equivalent to such
Rate Period, 
 in each case, at or about 11 a.m. (Warsaw time) on the first day of the relevant Rate Period. 

“WIBOR Screen Rate” means the percentage rate per annum determined by the Polish Association of Banking Dealers
(Stowarzyszenie Dealerow Bankowych ACI Polska), as 

  
 38 

 
displayed on the appropriate page of the Reuters screen (and, if such page is replaced or service ceases to be available, the Agent may specify another page or service displaying the appropriate
rate). 
 “Withheld Portion” means, with respect to any French Receivable, a portion of the purchase price for that French
Receivable equal to one Euro. 
 “Yield” means (I) in relation to Commercial Paper issued in the Euromarkets: 

(a) for any Advance or part thereof during any Rate Period to the extent the Facility Lender funds such Advance or part thereof
through the issuance, directly or indirectly (pursuant to a Conduit CP Funding Agreement or otherwise), of Commercial Paper: 
  

					
	CPR x PA x	 	D	  	
		 	  
	  	
		 	DY	  	

 where: 

the terms “CPR”, “PA”, “D” and “DY” have the meanings provided in clause (d); and 

(b) for any Advance or part thereof during any Rate Period to the extent such Advance or part thereof is funded by the Facility
Lender, directly or indirectly, through a Conduit Support Agreement or otherwise other than through the issuance of Commercial Paper: 
  

					
	AR x PA x	 	D	  	
		 	  
	  	
		 	DY	  	

 where: 

the terms “AR”, “PA”, “D” and “DY” have the meanings provided in clause (d); and 

and (II) in relation to Commercial Paper issued in the United States: 

(c) for any Advance or part thereof during any Rate Period to the extent the Facility Lender funds such Advance or part thereof
through the issuance, directly or indirectly (pursuant to a Conduit CP Funding Agreement or otherwise), of Commercial Paper: 
 PA /
[1-(D/360 x CPR)] - PA 
 where: 

the terms “CPR”, “PA” and “D” have the meanings provided in clause (d); and 

  
 39 

 (d) for any Advance or part thereof during any Rate Period to the extent such
Advance or part thereof is funded by the Facility Lender, directly or indirectly, through a Conduit Support Agreement or otherwise other than through the issuance of Commercial Paper: 

 

					
	AR x PA x	 	D	  	
		 	  
	  	
		 	DY	  	

 where: 

 

					
	AR 	 	=	  	the applicable Alternate Rate for such Advance for such Rate Period,
			
	CPR 	 	=	  	the applicable CP Rate for such Advance for such Rate Period,
			
	D 	 	=	  	the actual number of days during such Rate Period (including the first day but excluding the last day (or in the case of interest on overdue amounts or during the continuance of an Event of Default, also including the last
day)),
			
	PA 	 	=	  	the principal amount of such Advance during such Rate Period relevant to any determination, expressed in the Currency in which the Advance was made to the Purchaser, together with the amount (if any) of Commercial Paper issued that
could not be repaid earlier in order to fund any such Advance in an amount in excess of the actual amount of such Advance, and
			
	DY 	 	=	  	in the case of Advances denominated in Dollars or Euro, a number of days per year equal to three hundred and sixty (360), and in the case of Advances denominated in Sterling, Shekels, Australian Dollars or Zloty, a number of days
per year equal to three hundred and sixty-five (365);

 provided that no provision of the Agreement shall require the payment or permit the collection of
Yield in excess of the maximum permitted by applicable Law; and provided, further, that at all times after the declaration or automatic occurrence of the Termination Date pursuant to Section 6.2 of the Receivables Funding
Agreement, Yield for all Advances shall be determined as provided in clause (b). 
 “Yield Component” means, with respect
to any Currency at any time, an amount in such Currency determined by the Agent on the basis of information provided by each Facility Lender as being equal to the Currency Equivalent of the aggregate for all Related Commercial Paper for such
Currency at such time of (a) with respect to any Commercial Paper issued on an interest-bearing basis, the interest payable on such Commercial Paper at its maturity (including any dealer commissions), and (b) with respect to any Commercial
Paper issued on a discount basis, the portion of the face amount of such Commercial Paper representing the discount incurred in respect thereof (including any dealer commissions). 

  
 40 

 “Yield Payment Date” means, with respect to any Advance, the last day of each
Rate Period for such Advance. 
 “Zloty” or “PLN” means the lawful currency of Poland. 

“Zloty Base Rate” means the “Polish 7 Day Market Rate” as determined by the National Bank of Poland or, if the
Polish 7 Day Market Rate is not available, such other rate per annum determined by the Agent as being equal to the rate at which prime banks in Warsaw generally make advances in Zloty to commercial borrowers. 

“Zloty Offshore Rate” means the Zloty Base Rate. 

“Zloty Overnight Rate” means in relation to WIBOR, the overnight WIBOR Screen Rate. 

SECTION 1.3 Certain Certificates and Documents 

All terms defined directly or by incorporation in this Schedule of Definitions shall have the defined meanings when used in any certificate or
other document delivered pursuant to the Transaction Documents unless otherwise defined therein. 
 SECTION 1.4 Interpretations and
Construction 
 For purposes of the Transaction Documents and all such certificates and other documents, unless the context otherwise
requires: 
 (a) accounting terms not otherwise defined in this Schedule of Definitions, and accounting terms partly defined in this
Schedule of Definitions to the extent not defined, shall have the respective meanings given to them under, and shall be construed in accordance with, GAAP; 

(b) terms used in Article 9 of the UCC in the State of New York, and not specifically defined in this Schedule of Definitions, are used herein
as defined in such Article 9; 
 (c) the words “hereof,” “herein” and “hereunder” and words of similar import
used in any Transaction Document refer to such Transaction Document (or the certificate or other document in which they are used) as a whole and not to any particular provision of such Transaction Document (or such certificate or document); 

(d) references to any Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to such Transaction Document (or
the certificate or other document in which the reference is made) and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such
Section or definition; 
 (e) the term “including” means “including without limitation”; 

(f) references to any Law refer to that Law as amended from time to time and include any successor Law; 

  
 41 

 (g) references to any Person’s Organic Documents refer to such Organic Documents as in
effect as of the Closing Date; 
 (h) references to any agreement or other document refer to that agreement or other document as from time
to time amended or supplemented, or as the terms of such agreement are waived or modified in accordance with its terms, in each case in accordance with the Transaction Documents; 

(i) references to any Person include that Person’s successors and permitted assigns; 

(j) headings in any Transaction Document are for purposes of reference only and shall not otherwise affect the meaning or interpretation of
any provision thereof; 
 (k) unless otherwise specifically provided with respect to any computation of a period of time, in the computation
of a period of time from a specified date to a later specified date, the word “from” means “from and including”, the words “to” and “until” each means “to but excluding”, and the word
“within” means “from and excluding a specified date and to and including a later specified date”; 
 (l) unless
otherwise defined or unless the context otherwise requires, capitalized terms defined in any Transaction Document in the singular form shall have a corresponding meaning when used in the plural form, and vice versa; and 

(m) in any agreement or other document governed in whole or in part by the laws of a jurisdiction other than England, whenever a non-English
word or phrase is used in italics in such agreement or other document (a “foreign expression”) following an English word or phrase, reference to the foreign expression shall be made when determining the meaning of the preceding English
word or phrase. 
 SECTION 1.5 Amendments 

Any provision of this Schedule of Definitions may be amended or waived if, but only if, such amendment or waiver is in writing and is signed
by the Purchaser, the Servicer, MAI, the Facility Lenders and the Agent; provided that no such amendment shall release all or substantially all of the property with respect to which a security or ownership interest therein has been granted
hereunder to the Agent and the Secured Parties, unless signed by the Agent and the Secured Parties. 
 SECTION 1.6 Notices; Payment
Information 
 Except as provided below, all communications and notices provided for under the Transaction Documents shall be in writing
(including facsimile or electronic transmission or similar writing) and shall be given to the other party at its address or facsimile number set forth in Schedule 1.6 to this Schedule of Definitions or at such other address or facsimile
number as such party may hereafter specify for the purposes of notice to such party. Each such notice or other communication shall be effective (a) if given by facsimile, when such facsimile is transmitted to the facsimile number specified in
this Section 1.6 and confirmation is received, (b) if given by overnight courier, two (2) Business Days after deposit thereof with an international overnight courier service, or (c) if given by any other means, when
received at the address specified in this Section 1.6; provided that each Borrowing Request shall only 

  
 42 

 
be effective upon receipt by the Agent. Notwithstanding anything in this Section 1.6 to the contrary, the Purchaser hereby authorizes the Agent and each Facility Lender to make
investments in Eligible Investments and to make Advances based on telephonic notices made by any Person which the Agent or such Facility Lender in good faith believes to be acting on behalf of the Purchaser and the Purchaser agrees to deliver
promptly to the Agent a written confirmation of each telephonic notice signed by an authorized officer of the Purchaser. However, the absence of such confirmation shall not affect the validity of such notice. If the written confirmation differs in
any material respect from the action taken by the Agent or any Facility Lender, the records of the Agent or such Facility Lender shall govern. 

SECTION 1.7 Computations 

All computations of Yield, per annum fees and other amounts payable under any Transaction Document shall be made on the basis of a year of
three hundred and sixty (360) days for the actual number of days (including the first but excluding the last day) elapsed; provided that, in the case of Advances denominated in Sterling, Shekels, Australian Dollars or Zloty, all
computations shall be made on the basis of a year of three hundred and sixty-five (365) days for the actual number of days (including the first but excluding the last day) elapsed. All computations by the Agent of such amounts payable shall be
binding absent manifest error. 
 SECTION 1.8 Governing Law 

This Schedule of Definitions and any non-contractual obligations arising out of or in connection with it shall be governed by, and construed
in accordance with, English law. Notwithstanding anything in any Transaction Document to the contrary, the governing law of each Transaction Document shall also govern any non-contractual obligations arising out of or in connection with such
Transaction Document. 
 SECTION 1.9 Counterparts: Facsimile Delivery 

This Schedule of Definitions may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery by facsimile of an executed signature page of this Schedule of Definitions shall be effective as
delivery of an executed counterpart hereof. 
 SECTION 1.10 Transfer by Facility Lender 

Notwithstanding anything in any Transaction Document to the contrary, any Facility Lender may, from time to time, with prior or concurrent
notice to the Agent, the Purchaser and the Servicer, in one transaction or a series of transactions, transfer to a Conduit Assignee all of its rights and obligations under the Transaction Documents, including all or a portion of its share of the
Advances and its rights and obligations under each Transaction Document to which it is a party. Upon and to the extent of such a transfer by a Facility Lender to a Conduit Assignee, (i) such Conduit Assignee shall be the owner of the
transferred share of rights and obligations and shall have the benefit of all the rights and protections provided to a Facility Lender, under the Transaction Documents, (ii) the Administrator for such Conduit Assignee will have all rights and
powers, express or implied, granted to an Administrator under the Transaction Documents, (iii) the Conduit CP Funding Provider(s) and the Conduit Support Provider(s), if any, and other related parties of such Conduit Assignee shall have the

  
 43 

 
benefit of all the rights and protections provided to a Conduit CP Funding Provider(s) and a Conduit Support Provider(s) under the Transaction Documents, (iv) such Conduit Assignee shall
assume all of the obligations of a Facility Lender under the Transaction Documents with respect to the share of the Advances transferred, and the transferring Facility Lender shall be released from such obligations, in each case to the extent of
such transfer, (v) the definition of the term “CP Rate” with respect to the share of the Advances transferred that are funded with Commercial Paper from time to time shall be determined in the manner set forth in the definition of
“CP Rate” on the basis of the interest rate or discount applicable to commercial paper issued by such Conduit Assignee or its Conduit CP Funding Provider(s) or its Conduit Support Provider(s), if applicable, (vi) the defined terms and
other terms and provisions of this Schedule of Definitions and the other Transaction Documents shall be interpreted in accordance with the foregoing, and (vii) if requested by the Agent, such transferring Facility Lender or such Conduit
Assignee, the parties will execute and deliver such further agreements and documents and take such other actions as such requesting party may reasonably request to evidence and give effect to the foregoing. 

SECTION 1.11 Limited Recourse 

(a) Notwithstanding anything to the contrary contained in this Schedule of Definitions, the obligations of each Facility Lender under each of
the Transaction Documents to which it is a party are solely the corporate obligations of such Facility Lender and shall be payable solely to the extent of funds received from the Purchaser in accordance with the Transaction Documents or from any
party to any Transaction Document in accordance with the terms thereof in excess of funds necessary to pay matured and maturing Commercial Paper issued to fund the acquisition of Receivables. 

(b) Notwithstanding anything to the contrary contained in this Schedule of Definitions, the obligations of the Purchaser under each of the
Transaction Documents to which it is a party are solely the corporate obligations of the Purchaser and shall be payable solely to the extent of funds received by the Purchaser and available for application thereto in accordance with the terms of the
Transaction Documents. 
 SECTION 1.12 Good Faith 

Each of the parties hereto agrees to perform its obligations under this Schedule of Definitions and each other Transaction Document in good
faith. 
 [Signatures Follow] 

  
 44 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Schedule of Definitions
for purposes of identification as of the date first written above. 
  

									
	DONEGAL RECEIVABLES PURCHASING LIMITED	 		 	
					
	By:	 	/s/ Eimir McGrath	 	 	 		 	
					
	Name:	 	Eimir McGrath	 		 		 	
					
	Title:	 	Alternate Director	 		 		 	
				
	QUENA PLANT PROTECTION N.V	 		 		 	
					
	By:	 	/s/ Joost van Grinsven	 	/s/ Iddo Sheffer	 		 	
					
	Name:	 	Joost van Grinsven	 	Iddo Sheffer	 		 	
					
	Title:	 	 C.F.O.

Quena Plant Protection N.V.
	 	 CEO
 Quena Plant Protection N.V.
	 		 	
				
	IRVITA PLANT PROTECTION N.V	 		 		 	
					
	By:	 	/s/ Joost van Grinsven	 	/s/ Iddo Sheffer	 		 	
					
	Name:	 	Joost van Grinsven	 	Iddo Sheffer	 		 	
					
	Title:	 	 C.F.O.
 Irvita Plant Protection N.V.
	 	 CEO
 Irvita Plant Protection N.V.
	 		 	
			
	 CELSIUS PROPERTY B.V., acting through its branch

IRVITA PLANT PROTECTION
	 		 	
					
	By:	 	/s/ Joost van Grinsven	 	 /s/ Iddo Sheffer
	 		 	
					
	Name:	 	Joost van Grinsven	 	Iddo Sheffer	 		 	
					
	Title:	 	 C.F.O.
 Irvita Plant Protection

a Branch of Celsius Property B.V.
	 	 C.E.O.
 Irvita Plant Protection

a Branch of Celsius Property B.V.
	 		 	

  
 S-1 

									
	 FAHRENHEIT HOLDING B.V. acting through its branch

QUENA PLANT PROTECTION
	 		 	
					
	By:	 	/s/ Joost van Grisven	 	/s/ Iddo Sheffer	 		 	
					
	Name:	 	Joost van Grisven	 	Iddo Sheffer	 		 	
					
	Title:	 	 C.F.O.
 Quena Plant Protection

a Branch of Fahrenheit Holding B.V.    
	 	 CEO
 Quena Plant Protection

a Branch of Fahrenheit Holding B.V.
	 		 	
				
	FARMOZ PTY LIMITED	 		 		 	
					
	By:	 	/s/ Stuart Deer	 	 	 		 	
					
	Name:	 	STUART DEER	 		 		 	
					
	Title:	 	CFO	 		 		 	
			
	MAKHTESHIM AGAN FRANCE S.À R.L.	 		 	
					
	By:	 	/s/ Lombard	 	 	 		 	
					
	Name:	 	LOMBARD	 		 		 	
					
	Title:	 	Managing Director	 		 		 	
			
	FEINCHEMIE SCHEBDA GMBH	 		 	
				
	By:	 	/s/ Gerhard Ahlers	 		 	
					
	Name:	 	Dr. Gerhard Ahlers	 		 		 	
					
	Title:	 	CEO	 		 		 	

  
 S-2 

									
	MAKHTESHIM CHEMICAL WORKS LTD	 		 	
					
	By:	 	/s/ Moshe Kuperberg	 	/s/ Aviram Lahav	 		 	
					
	Name:	 	Moshe Kuperberg	 	Aviram Lahav	 		 	
					
	Title:	 	Financial Manager	 	Group CFO	 		 	
			
	AGAN CHEMICAL MANUFACTURERS LTD	 		 	
					
	By:	 	/s/ Moshe Kuperberg	 	/s/ Aviram Lahav	 		 	
					
	Name:	 	Moshe Kuperberg	 	Aviram Lahav	 		 	
					
	Title:	 	Financial Manager	 	Group CFO	 		 	
			
	AGAN AROMA AND FINE CHEMICALS LTD	 		 	
					
	By:	 	/s/ Moshe Kuperberg	 	/s/ Aviram Lahav	 		 	
					
	Name:	 	Moshe Kuperberg	 	Aviram Lahav	 		 	
					
	Title:	 	Financial Manager	 	Group CFO	 		 	
			
	AGAN CHEMICAL MARKETING LTD	 		 	
					
	By:	 	/s/ Moshe Kuperberg	 	/s/ Aviram Lahav	 		 	
					
	Name:	 	Moshe Kuperberg	 	Aviram Lahav	 		 	
					
	Title:	 	Financial Manager	 	Group CFO	 		 	

  
 S-3 

							
	MAKHTESHIM AGAN ITALIA S.R.L.	  	
			
	By:	 	/s/ Marilena Cassotti	  	
				
	Name:	 	MARILENA CASSOTTI	  		  	
				
	Title:	 	FINANCIAL MANAGER	  		  	
		
	MAKHTESHIM-AGAN POLAND SP Z O.O.	  	
			
	By:	 	/s/ Michael Reiss	  	
				
	Name:	 	Michael Reiss	  		  	
				
	Title:	 	Managing Director	  		  	
		
	MAKHTESHIM AGAN ESPAÑA S.A.	  	
				
	By:	 	/s/ Alfonso Cadenas Bernat	  	 Carmen Fernández Melero
	  	
				
	Name:	 	ALFONSO CADENAS BERNAT	  	CARMEN FERNÁNDEZ MELERO	  	
				
	Title:	 	CEO	  	CFO	  	
		
	ARAGONESAS AGRO S.A.	  	
				
	By:	 	/s/ Jose Luis Collar	  	/s/Cristina Lopez-Puertas	  	
				
	Name:	 	JOSE LUIS COLLAR	  	CRISTINA LOPEZ-PUERTAS	  	
				
	Title:	 	CEO	  	CFO	  	

  
 S-4 

			
	MAKHTESHIM-AGAN (UK) LIMITED
		
	By:	 	/s/ M. Sapine
		 	  

		
	Name:	 	M. SAPINE
		
	Title:	 	FINANCE DIRECTOR
	
	ALLIGARE, LLC
		
	By:	 	/s/ Jeffrey Welsh
		 	  

		
	Name:	 	Jeffrey Welsh
		
	Title:	 	President & CEO
	
	MAKHTESHIM AGAN OF NORTH AMERICA, INC
		
	By:	 	/s/ Rob Williams
		 	  

		
	Name:	 	Rob Williams
		
	Title:	 	CEO
	
	CONTROL SOLUTIONS INC.
		
	By:	 	/s/ Mark Boyd
		 	  

		
	Name:	 	Mark Boyd
		
	Title:	 	President

  
 S-5 

									
	COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.
					
	By:	 	/s/ Donna Kunzig	 		 	By:	 	/s/ Sarah Mason
		 	  
	 		 		 	  

					
	Name:	 	Donna Kunzig	 		 	Name:	 	Sarah Mason
					
	Title:	 	Executive Director	 		 	Title:	 	Executive Director
	
	MAKHTESHIM AGAN INDUSTRIES LTD.
					
	By:	 	/s/ Moshe Kuperberg                /s/ Aviram Lahav	 		 		 	
		 	  
	 		 		 	
				
	Name:	 	Moshe Kuperberg                         Aviram Lahav	 		 	
				
	Title:	 	Financial Manager                        Group CFO	 		 	
	
	NIEUW AMSTERDAM RECEIVABLES CORPORATION
					
	By:	 	/s/ Damian Perez	 		 		 	
		 	  
	 		 		 	
					
	Name:	 	Damian Perez	 		 		 	
					
	Title:	 	Vice President	 		 		 	
	
	COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. (TRADING AS RABOBANK INTERNATIONAL), LONDON BRANCH, as Agent
					
	By:	 	/s/ Donna Kunzig	 		 	By:	 	
		 	  
	 		 		 	  

					
	Name:	 	Donna Kunzig	 		 	Name:	 	
					
	Title:	 	Executive Director	 		 	Title:	 	

  
 S-6 

 SCHEDULE 1.1A 

Category One Countries 
 Australia 

Austria 
 Belgium 

Canada 
 Denmark 

Finland 
 France 

Germany 
 Ireland 

Japan 
 Netherlands 

New Zealand 
 Norway 

Portugal 
 Singapore 

Slovenia 
 Spain 

Sweden 
 Switzerland 

Taiwan 
 United Kingdom 

United States 

  
 Schedule 1.1A 

 SCHEDULE 1.1B 

Category Two Countries 
 Chile 

China 
 Croatia 

Cyprus 
 Czech Republic 

Estonia 
 Greece 

Hungary 
 Israel 

Italy 
 Lithuania 

Mexico 
 Poland 

Saudi Arabia 
 Slovakia 

South Africa 
 South Korea 

Thailand 
 Trinidad 

Tunisia 

  
 Schedule 1.1B 

 SCHEDULE 1.1C 

Adverse Claims 
  

	1.	Deed of Pledge of Registered Shares in Quena Plant Protection N.V., dated as of October 15, 2001, and by and between Bank Leumi U.S.A. and Fahrenheit Holdings B.V.; 

 

	2.	Deed of Pledge of Registered Shares in Irvita Plant Protection N.V., dated as of October 18, 2001, and by and between Celsius Property B.V. and Bank Leumi U.S.A. 

 

	3.	An agreement between Agan Chemical Manufacturers Ltd. and each of Bank Hapoalim and Bank Leumi to register a pledge over the shares of Fahrenheit Holdings BV held by Agan Chemical Manufacturers Ltd. 

 

	4.	An agreement between Makhteshim Chemical Works Ltd. and each of Bank Hapoalim and Bank Leumi to register a pledge over the shares of Celsius Property BV held by Makhteshim Chemical Works Ltd. 

 

	5.	Deed of Pledge of Registered Shares in Irvita Plant Protection N.V., Bank Leumi USA and Celsius Property BV dated October 15, 2001. 

  
 Schedule 1.1C 

 SCHEDULE 1.6 

Address and Payment Information 
 If to
the Purchaser: 
 Donegal Receivables Purchasing Limited 

5 Harbourmaster Place 
 International Finance Services Centre 

Dublin 1 
 Ireland 

 

			
	Attention:	  	Priscilla Connor / Michael Whelan
	Telephone:	  	+353 1 680 6000
	Facsimile:	  	+353 1 680 6050

 Payment Information: 
  

			
	If in Dollars:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	For Account of:	  	Donegal Receivables Purchasing Limited
	Account Number:	  	[Redacted]
	Cover to be paid through:	  	 [Redacted]

		
	If in Euro:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	For Account of:	  	Donegal Receivables Purchasing Limited
	Account Number:	  	[Redacted]
	Cover to be paid through:	  	 [Redacted]

		
	If in Shekels:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	Sort Code:	  	40 - 50 – 91
	For Account of:	  	Donegal Receivables Purchasing Limited
	Account Number:	  	[Redacted]
	Cover to be paid through:	  	 [Redacted]

		
	If in Sterling:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	Sort Code:	  	40 - 50 - 91
	For Account of:	  	Donegal Receivables Purchasing Limited
	Account Number:	  	[Redacted]
	Cover to be paid through:	  	 [Redacted]

  
 Schedule 1.6 

Page 1 

			
	If in Australian Dollars:
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	For Account of:	  	Donegal Receivables Purchasing Limited
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

		
	If in Zloty:	  	
		
	Pay to:	  	Rabobank International, London Branch
	For Account of:	  	Donegal Receivables Purchasing Ltd
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

 If to Nieuw Amsterdam Receivables Corporation: 

Nieuw Amsterdam Receivables Corporation 
 c/o Global
Securitization Services, LLC 
 68 South Service Road, Suite 120 

Melville, New York 11747 
  

			
	Attention:	  	Bill Pierce
	Telephone:	  	+1 212 302 8330
	Facsimile:	  	+1 212 302 8767

 With a copy to Rabobank, as Administrator: 

Rabobank International, London Branch 
 Thames Court 

1 Queenhithe 
 London EC4V 3RL 

England 
  

			
	Attention:	  	Graeme Hattie
	Telephone:	  	+44 20 7809 3665
	Facsimile:	  	+44 20 7809 3523

 Payment Information: 
  

			
	If in Dollars:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	For Account of:	  	Nieuw Amsterdam Receivables Corporation - Client G
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

		  	

  
 Schedule 1.6 

Page 2 

			
	If in Euro:
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	For Account of:	  	Nieuw Amsterdam Receivables Corporation - Client G
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted] 

		
	If in Shekels:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	Sort Code:	  	40 - 50 - 91
	For Account of:	  	Nieuw Amsterdam Receivables Corporation - Client G
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

		
	If in Sterling:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	Sort Code:	  	40 - 50 - 91
	For Account of:	  	Nieuw Amsterdam Receivables Corporation - Client G
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

		
	If in Australian Dollars:	  	
		
	Pay to:	  	Rabobank International, London Branch (RABOGB2L)
	For Account of:	  	Nieuw Amsterdam Receivables Corporation - Client G
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

		
	If in Zloty:	  	
		
	Pay to:	  	Rabobank International, London Branch
	For Account of:	  	Nieuw Amsterdam Receivables Corporation - Client G
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

 If to the Agent: 

Rabobank International, London Branch 
 Thames Court 

1 Queenhithe 
 London EC4V 3RL 

England 
  

			
	Attention:	  	Graeme Hattie
	Telephone:	  	+44 20 7809 3665
	Facsimile:	  	+44 20 7809 3523

  
 Schedule 1.6 

Page 3 

 Payment Information: 
  

			
	If in Dollars:	  	
		
	Pay to:	  	Chase New York
	SWIFT ID:	  	CHASUS33
	For Account of:	  	Rabobank International, London Branch
	SWIFT ID:	  	RABOGB2L
		
	If in Euro:	  	
		
	Pay to:	  	Rabobank Nederland, Utrecht
	SWIFT ID:	  	RABONL2U
	For Account of:	  	Rabobank International, London Branch
	SWIFT ID:	  	RABOGB2L
		
	If in Shekels:	  	
		
	Pay to:	  	Bank Leumi Le-Israel B.M. Tel Aviv
	SWIFT ID:	  	LUMILIT
	For Account of:	  	Rabobank International, London Branch
	SWIFT ID:	  	RABOGB2L
		
	If in Sterling:	  	
		
	Pay to:	  	HSBC Bank Plc, London
	SWIFT ID:	  	MIDLGB22
	For Account of:	  	Rabobank International, London Branch
	SWIFT ID:	  	RABOGB2L
		
	If in Australian Dollars:	  	
		
	Pay to:	  	Westpac Banking Corp, Sydney (RABOGB2L)
	SWIFT ID:	  	WPACAU2S
	For Account of:	  	Rabobank International, London Branch
	SWIFT ID:	  	RABOGB2L
		
	If in Zloty:	  	
		
	Pay to:	  	Bank Gospodarki Zywnosciowej, Warsaw
	Swift ID:	  	GOPZPLPW
	For Account of:	  	Rabobank International, London Branch
	Swift ID:	  	RABONL2U

  
 Schedule 1.6 

Page 4 

 If to the Servicer: 

Makhteshim Agan Industries Ltd. 
 Golan St. 

Airport City 70151 
 Israel 

 

			
	Telephone:	  	+972 3 6947 977
	Facsimile:	  	+972 3 6095 012
	
	Payment Information:
		
	If in Dollars:	  	
	
	Bank Leumi Le Israel B.M.
	Bee’r Sheba – (Branch No. 607)
	Ha’ Azmant 54 Bee’r Sheba
	Swift: LUMIDT	  	
	Account	  	[Redacted]
	Reference	  	MAI Securitization
		
	If in Euros:	  	
	
	Bank Leumi Le Israel B.M.
	Bee’r Sheba – (Branch No. 607)
	Ha’ Azmant 54
	Bee’r Sheba
	Swift:	  	LUMIDT
	Account	  	[Redacted]
	Reference	  	MAI Securitization
		
	If in Shekels:	  	
	
	Bank Leumi Le Israel B.M.
	Bee’r Sheba – (Branch No. 607)
	Ha’ Azmant 54
	Bee’r Sheba	  	
	Swift: LUMIDT	  	
	Account	  	[Redacted]
	Reference	  	MAI Securitization
		
	If in Australian Dollars:	  	
		
	Pay to:	  	Westpac Banking Corp, Sydney (WPACAU2S)
	For Account of:	  	Farmoz Pty Ltd
	Account Number:	  	[Redacted]
	Cover to be paid through:	  	Westpac Banking Corp, Sydney (WPACAU2S)

  
 Schedule 1.6 

Page 5 

			
	If in Zloty:	  	
		
	Pay to:	  	Bank Leumi Le Israel B.M.
	For Account of:	  	Makhteshim Agan Industries Ltd.
	Account Number:	  	 [Redacted]

	Cover to be paid through:	  	 [Redacted]

 If to MAI: 
 Makhteshim
Agan Industries Ltd. 
 Golan St. 
 Airport City 70151 

Israel 
  

			
	Telephone:	  	+972 3 6947 977
	Facsimile:	  	+972 3 6095 012

 If to Makhteshim Chemical Works Ltd.: 

Makhteshim Chemical Works Ltd. 
 Industrial Zone Hebron Road 

PO Box 60 
 Beer Sheva 

Israel 84100 
  

			
	Telephone:	  	+972 8 629 6703
	Facsimile:	  	+972 8 629 6991

 If to Agan Chemical Manufacturers Ltd.: 

Agan Chemical Manufacturers Ltd. 
 North Industrial Zone 

PO Box 262 Ashdod 
 Israel 77102 

 

			
	Telephone:	  	+972 8 851 5326
	Facsimile:	  	+972 8 851 5288

 If to Agan Aroma and Fine Chemicals Ltd.: 

Agan Aroma, Ltd. 
 Northern Industrial Zone 

PO Box 262 
 Ashdod 

Israel 77102 
  

			
	Telephone:	  	+972 8 851 5326
	Facsimile:	  	+972 8 851 5288

  
 Schedule 1.6 

Page 6 

 If to Agan Chemical Marketing Ltd.: 

Agan Chemical Marketing Ltd. 
 Northern Industrial Zone 

PO Box 262 
 Ashdod 

Israel 77102 
  

			
	Telephone:	  	+972 8 851 5326
	Facsimile:	  	+972 8 851 5288

 If to Quena Plant Protection N.V.: 

Quena Plant Protection N.V. 
 Kaya W.F.G. (Jombi) 

Mension 34 
 PO Box 403 

Curasao 
 Netherlands Antilles 

 

			
	Telephone:	  	+599 9 461 4096
	Facsimile:	  	+599 9 461 6202

 If to Irvita Plant Protection N.V.: 

Irvita Plant Protection N.V. 
 Kaya W.F.G. (Jombi) 

Mension 34 
 PO Box 403 

Curasao 
 Netherlands Antilles 

 

			
	Telephone:	  	+599 9 461 4096
	Facsimile:	  	+599 9 461 6202

 If to Makhteshim Agan España S.A.: 

Makhteshim Agan España S.A. 
 Plaza del Ayuntamiento 29

 3rd Floor 
 46002 Valencia 

Spain 
  

			
	Telephone:	  	+34 96 351 9534
	Facsimile:	  	+34 96 351 9846

 If to Aragonesas Agro S.A.: 

Aragonesas Agro S.A. 
 Paseo de Recoletos, 16 

3th floor 
 28001 MADRID 

SPAIN 
  

			
	Telephone:	  	+34 915852380
	Facsimile:	  	+34 915852310

  
 Schedule 1.6 

Page 7 

 If to Makhteshim Agan of North America, Inc.: 

Makhteshim Agan of North America, Inc. 
 4515 Falls of Neuse
Road, Suite 300 
 Raleigh, North Carolina 27609 
 USA 

 

			
	Telephone:	  	+1-919 256-9320
	Facsimile:	  	+1-919 256-9308

 If to Makhteshim Agan France S.à r.l.: 

Makhteshim Agan France 
 2, rue Troyon 

92316 SEVRES Cedex 
 France 

Attn: Mr. Jean-Philippe Lobier 
  

			
	Telephone:	  	+33 1 4190 1696
	Facsimile:	  	+33 1 4662 6497

 If to Makhteshim-Agan (UK) Limited: 

Makhteshim-Agan (UK) Limited 
 Unit 16 Thatcham Business Village

 Colthorp Way 
 Thatcham 

Barkshire RG19 4LW 
 England 

 

			
	Telephone:	  	+44 1635 860 555
	Facsimile:	  	+44 1635 861 555

 If to Celsius Property B.V.: 

Celsius Property B.V. 
 Pos Cabai Office Park 

Unit 13 
 Curasao 

Netherland Antilles 
 Attn: Mr. Joost van Grinsven 

 

			
	Telephone:	  	+599 9738 4096
	Facsimile:	  	+599 9738 4005

  
 Schedule 1.6 

Page 8 

 If to Fahrenheit Holding B.V.: 

Fahrenheit Holding B.V. 
 Pos Cabai Office Park 

Unit 13 
 Curasao 

Netherland Antilles 
 Attn: Mr. Joost van Grinsven 

			
	Telephone:	  	+599 9738 4096
	Facsimile:	  	+599 9738 4005

 If to Feinchemie Schebda GmbH: 

Feinchemie Schebda GmbH 
 Edmund-Rumpler-Straße 6 

D-51149 Köln Germany 
  

			
	Telephone:	  	+49 2203 50 39 000
	Facsimile:	  	+49 2203 50 39 199

  

			
	If to Alligare, LLC:
		
	Alligare, LLC	  	
	13 N. 8th Street	  	
	Opelika, AL 36801	  	
	United States	  	
	Telephone:	  	+1 334 741 9393
	Facsimile:	  	+1 334 741 9395

 If to Control Solutions Inc: 

Control Solutions Inc. 
 5903 Genoa-Red Bluff 

Pasadena, TX 77507 
 United States 

 

			
	Telephone:	  	+1 281 892 2500
	Facsimile:	  	+1 281 892 2501

  
 Schedule 1.6 

Page 9 

 If to Farmoz Pty Limited: 
  

			
	Street Address:	  	Farmoz Pty Limited
		  	Suite 1, Level 4, Building B
		  	207 Pacific Highway St Leonards NSW 2065
		  	Australia
		
	Mailing Address:	  	Farmoz Pty Limited
		  	PO Box 302
		  	St Leonards NSW 1590
		  	Australia
		
	Telephone:	  	+ 61 02 9431 7800
	Facsimile:	  	+ 61 02 9431 7700

 If to Makhteshim Agan Italia S.r.l.: 

Makhteshim Agan Italia S.r.l. 
 Via Falcone, 13 

24126 Bergamo 
 Italy 

 

			
	Telephone:	  	+ 39 035 328 811
	Facsimile:	  	+ 39 035 328 888

 If to Makhteshim-Agan Poland Sp z o.o.: 

Makhteshim-Agan Poland Sp z o.o. 
 ul. Sienna 39 

00 - 121 Warszawa 
 Poland 

 

			
	Telephone:	  	+ 48 22 395 6666
	Facsimile:	  	+ 48 22 395 6667

 If to Rabobank Utrecht: 

Rabobank Utrecht 
 Attn: Dept CSDFI, Mr N. Kwak 

Croeselaan 18 
 3521 CB Utrecht 

The Netherlands 
  

			
	Telephone:	  	+ 31 30 71 22522
	E-Mail:	  	csdfi@rabobank.com; nico.kwak@rabobank.com
		  	eugene.van.esveld@rabobank.com

  
 Schedule 1.6 

Page 10EX-10.11

 Exhibit 10.11 

Execution Version 
  

 
 RECEIVABLES
FUNDING AGREEMENT 
 dated as of September 28, 2004, 

as amended as of 11 October 2005, December 19, 2005, 22 January 2007, 

11 August 2008, 8 September 2009, 21 January 2010, 15 September 2010, 31 December 

2010, 23 March 2011, and amended and restated as of 22 November 2011, 

by and among 

DONEGAL RECEIVABLES PURCHASING LIMITED, 

as Purchaser, 
 THE
FINANCIAL INSTITUTIONS 
 FROM TIME TO TIME
IDENTIFIED ON SCHEDULE 1 HERETO, 
 as Facility Lenders, 

and 

COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. (TRADING
AS 
 RABOBANK INTERNATIONAL), LONDON BRANCH, 

as Agent 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
		
	 SECTION 1.1 Terms Defined in Schedule of Definitions
	  	 	1	  
		
	 SECTION 1.2 Interpretation
	  	 	1	  
		
	 ARTICLE II ADVANCES AND PAYMENTS
	  	 	1	  
		
	 SECTION 2.1 Advance Facility and Commitments
	  	 	1	  
		
	 SECTION 2.2 Borrowing Procedures
	  	 	2	  
		
	 SECTION 2.3 Payment of Principal and Yield
	  	 	3	  
		
	 SECTION 2.4 Determination of Yield and Rate Periods
	  	 	4	  
		
	 SECTION 2.5 Fees and Other Costs and Expenses
	  	 	5	  
		
	 SECTION 2.6 Payments; Overdue Amounts
	  	 	5	  
		
	 SECTION 2.7 Right of Setoff
	  	 	6	  
		
	 SECTION 2.8 Collection Accounts
	  	 	6	  
		
	 SECTION 2.9 Funds Held in Trust
	  	 	7	  
		
	 SECTION 2.10 Conduit CP Funding Agreements and Conduit Support Agreements
	  	 	7	  
		
	 SECTION 2.11 Extension of Scheduled Maturity Date
	  	 	7	  
		
	 ARTICLE III CONDITIONS PRECEDENT
	  	 	8	  
		
	 SECTION 3.1 Conditions Precedent to Initial Advance
	  	 	8	  
		
	 SECTION 3.2 Conditions Precedent to All Advances
	  	 	8	  
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	9	  
		
	 SECTION 4.1 Representations and Warranties of the Purchaser
	  	 	9	  
		
	 SECTION 4.2 Repetition of Representations and Warranties
	  	 	12	  
		
	 SECTION 4.3 Qualifying Lenders
	  	 	12	  
		
	 ARTICLE V COVENANTS
	  	 	12	  
		
	 SECTION 5.1 Affirmative Covenants of the Purchaser
	  	 	12	  
		
	 SECTION 5.2 Negative Covenants of the Purchaser
	  	 	16	  
		
	 ARTICLE VI EVENTS OF DEFAULT
	  	 	17	  
		
	 SECTION 6.1 Events of Default
	  	 	17	  
		
	 SECTION 6.2 Remedies
	  	 	20	  
		
	 SECTION 6.3 Events of Default Relating to Certain Originators
	  	 	21	  
		
	 ARTICLE VII INDEMNIFICATION; EXPENSES; RELATED MATTERS
	  	 	22	  
		
	 SECTION 7.1 Indemnities by the Purchaser
	  	 	22	  
		
	 SECTION 7.2 Indemnity for Taxes, Reserves and Expenses
	  	 	25	  

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
		
	 SECTION 7.3 Taxes
	  	 	26	  
		
	 SECTION 7.4 Other Costs and Expenses
	  	 	28	  
		
	 SECTION 7.5 Breakage Costs
	  	 	28	  
		
	 SECTION 7.6 Currency Indemnity
	  	 	28	  
		
	 ARTICLE VIII RELATIONSHIP BETWEEN THE AGENT AND THE FACILITY LENDERS
	  	 	29	  
		
	 SECTION 8.1 Appointment and Authorization of Agent
	  	 	29	  
		
	 SECTION 8.2 Agent’s Duties, Rights and Discretions
	  	 	29	  
		
	 SECTION 8.3 Instructing Group
	  	 	31	  
		
	 SECTION 8.4 Delegation of Duties
	  	 	32	  
		
	 SECTION 8.5 No Liability
	  	 	32	  
		
	 SECTION 8.6 Reliance by Agent
	  	 	32	  
		
	 SECTION 8.7 Notice of Default
	  	 	33	  
		
	 SECTION 8.8 Own Determinations
	  	 	33	  
		
	 SECTION 8.9 Disclosure of Information by the Agent
	  	 	34	  
		
	 SECTION 8.10 Agent in Individual Capacity
	  	 	35	  
		
	 SECTION 8.11 Pro Rata Payments
	  	 	35	  
		
	 SECTION 8.12 Resignation of Agent
	  	 	36	  
		
	 SECTION 8.13 Blocked Account Notifications
	  	 	37	  
		
	 ARTICLE IX MISCELLANEOUS
	  	 	37	  
		
	 SECTION 9.1 Term of Agreement
	  	 	37	  
		
	 SECTION 9.2 Waivers; Amendments
	  	 	38	  
		
	 SECTION 9.3 Notices; Payment Information
	  	 	38	  
		
	 SECTION 9.4 Governing Law; Submission to Jurisdiction; Appointment of Process Agent
	  	 	38	  
		
	 SECTION 9.5 Integration
	  	 	39	  
		
	 SECTION 9.6 Severability and Partial Invalidity
	  	 	39	  
		
	 SECTION 9.7 Counterparts; Facsimile Delivery
	  	 	39	  
		
	 SECTION 9.8 Successors and Assigns; Binding Effect
	  	 	40	  
		
	 SECTION 9.9 Consent to Disclosure
	  	 	41	  
		
	 SECTION 9.10 Confidentiality
	  	 	41	  
		
	 SECTION 9.11 No Petition
	  	 	42	  
		
	 SECTION 9.12 Limited Recourse
	  	 	42	  
		
	 SECTION 9.13 Contracts (Rights of Third Parties) Act (1999)
	  	 	42	  
		
	 SECTION 9.14 Parallel Debt
	  	 	42	  

 TABLE OF CONTENTS 

(continued) 
  

					
	 	 	 	  	Page
	 Schedules
	 	 	  	 
			
	 Schedule 1
	 	 Facility Limit and Currency Facility Limit
	  	
			
	 Schedule 4.1(j)
	 	 Location of Certain Offices
	  	
			
	 Schedule 4.1(r)
	 	 List of Blocked Account Banks and Blocked Accounts
	  	
			
	 Exhibits
	 	 	  	 
			
	 Exhibit A
	 	 Form of Borrowing Request
	  	

 RECEIVABLES FUNDING AGREEMENT 

THIS RECEIVABLES FUNDING AGREEMENT (this “Agreement”), dated as of September 28, 2004, as amended as of 11 October
2005, December 19, 2005, 22 January 2007, 11 August 2008, 8 September 2009, 21 January 2010, 15 September 2010, 31 December 2010, 23 March 2011, and amended and restated as of 22 November 2011, by and
among (A) DONEGAL RECEIVABLES PURCHASING LIMITED, a limited company incorporated under the laws of the Republic of Ireland, as the Purchaser and as the borrower hereunder, (B) THE FINANCIAL INSTITUTIONS FROM TIME TO TIME IDENTIFIED ON
SCHEDULE 1 HERETO (the “Facility Lenders”), and (C) COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. (trading as RABOBANK INTERNATIONAL), LONDON BRANCH, of Thames Court, One Queenhithe, London EC4V 3RL, as Agent. 

ARTICLE I 
 DEFINITIONS 

SECTION 1.1 Terms Defined in Schedule of Definitions 

In this Agreement, unless otherwise defined herein or the context otherwise requires, capitalized terms have the meanings set forth in the
Master Schedule of Definitions, Interpretations and Construction, dated as of the Closing Date and signed by the parties hereto and others for the purposes of identification (the “Schedule of Definitions”). 

SECTION 1.2 Interpretation 

The principles of interpretation set forth in Sections 1.3 and 1.4 of the Schedule of Definitions apply to this Agreement as if
fully set forth herein. 
 ARTICLE II 

ADVANCES AND PAYMENTS 
 SECTION
2.1 Advance Facility and Commitments 
 (a) Advances. Subject to the terms and conditions hereof, the Purchaser may from time
to time during the period from the Closing Date to the Termination Date request that the Facility Lenders make advances (each an “Advance”) to the Purchaser. Subject to the terms and conditions hereof, including those set forth in
Article III, each Facility Lender hereby agrees to make each such Advance. Subject to the terms and conditions hereof and of the other Transaction Documents, Advances shall be borrowed, reborrowed and/or repaid in accordance herewith. 

(b) General Rules Relating to Advances. Notwithstanding any other provision of this Agreement: 

(i) No Advance shall be made on or after the Termination Date. 

(ii) No Advance shall be made by any Facility Lender on any date in any Currency if, after giving effect to such Advance and
the application of the proceeds thereof on the date of such Advance to repay other Advances, to purchase Receivables or otherwise in accordance with this Agreement: 

(A) the Share of the Advances made by such Facility Lender would exceed the Facility Limit of such Facility Lender at such
time; 

  
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 (B) the Share of the Advances made by such Facility Lender in any Currency would
exceed the Currency Facility Limit of such Facility Lender for such Currency at such time; 
 (C) the Net Advances would
exceed the Borrowing Base at such time; or 
 (D) the Currency Net Advances in such Currency would exceed the Currency
Borrowing Base at such time. 
 (c) Advance Currencies. Subject to the terms and conditions hereof, each Advance made hereunder by a
Facility Lender from time to time may only be requested and shall only be made in a Currency that ensures compliance with Sections 2.1(b)(ii)(B) and 2.1(b)(ii)(D). 

(d) Several Obligations. The obligations of the Facility Lenders under this Agreement and the other Transaction Documents shall be
several and not joint. 
 SECTION 2.2 Borrowing Procedures 

(a) Notice of Borrowing. The Purchaser shall request each Advance to be made hereunder by delivering (or causing to be delivered) to
the Agent a Borrowing Request no later than 8:30 a.m. (London time) on the fourth (4th) Business Day prior to the proposed Advance Date of any Advance (including the initial Advance). Each such Borrowing Request shall, in accordance with
Section 2.1(a), specify (i) the date of such Advance (the “Advance Date”) which shall be a Permitted Advance Date, (ii) the Currency of such Advance, (iii) subject to Sections 2.1(b) and
2.2(b), the amount of such Advance, and (iv) all other information specified in Exhibit A. The amount of each Advance shall equal the amount specified in the Servicer Report delivered on the immediately preceding Monthly Reporting
Date on the line entitled “Amount of Advances Requested on next Settlement Date”. The Agent shall promptly (and, in any event, not later than 10.00 a.m. (London time) on the third (3rd) Business Day prior to the proposed Advance Date)
deliver a copy of each Borrowing Request received by it to each Facility Lender. 
 (b) Amount of Advances. The aggregate amount of
each Advance funded by the Facility Lenders on any Advance Date shall be at least equal to the Dollar Equivalent (based on the Applicable Exchange Rate on such day for delivery on such Advance Date) of two million Dollars ($2,000,000) (or such
lesser amount approved by the Facility Lenders in their sole discretion). 
 (c) Borrowing Request Irrevocable. Each Borrowing
Request shall be irrevocable and binding on the Purchaser, and the Purchaser shall indemnify the Agent and each Facility Lender against any loss or expense incurred by the Agent or such Facility Lender, either directly or indirectly (including any
loss or expense incurred by a Conduit, a Conduit CP Funding Provider or a Conduit Support Provider) as a result of any failure by the Purchaser to borrow any Advance, including any loss or expense incurred by the Agent or such Facility Lender,
either directly or indirectly (including any loss or expense incurred by a Conduit, a Conduit CP Funding Provider or a Conduit Support Provider) by reason of the liquidation or 

  
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reemployment of funds acquired by such Facility Lender (or by the relevant Conduit, Conduit CP Funding Provider or Conduit Support Provider, as applicable), including funds obtained by issuing
commercial paper or promissory notes or obtaining deposits or loans from third parties, in order to fund such Advance. 
 (d) Making of
Advances. On each Advance Date, each Facility Lender shall remit an amount equal to such Facility Lender’s Share of the aggregate amount of the Advance to be made in each Currency on such Advance Date to the Agent by wire transfer of same
day funds in the applicable Currency to the relevant account of the Agent specified from time to time pursuant to Schedule 1.6 (Address and Payment Information) to the Schedule of Definitions. The Agent shall remit funds received
pursuant to the immediately preceding sentence, by wire transfer of same day funds, to the Purchaser to the relevant account of the Purchaser specified from time to time pursuant to Schedule 1.6 (Address and Payment Information) to the
Schedule of Definitions or to the account of the Servicer specified from time to time pursuant to Schedule 1.6 (Address and Payment Information) to the Schedule of Definitions for further payment to the Purchaser or the relevant
Originator(s) in respect of any purchase of Receivables and related other Affected Assets by the Purchaser. 
 SECTION 2.3 Payment of
Principal and Yield 
 (a) The Purchaser shall repay the principal amount of the Advances in each Currency to the Facility Lenders at
the direction of the Agent: 
 (i) on each Settlement Date prior to the Termination Date, to the extent that, absent such
repayment (but after giving effect to all other repayments made on such Settlement Date): 
 (A) the Net Advances would
exceed the Borrowing Base at such time; or 
 (B) the Currency Net Advances in such Currency would exceed the Currency
Borrowing Base at such time. 
 (ii) on each Settlement Date after the Termination Date, in an amount equal to all Available
Funds available for such payment in accordance with Article IV of the Servicing Agreement; and 
 (iii) in full on the
Maturity Date. 
 (b) The Purchaser may on any Settlement Date prepay the principal amount of the Advances in each Currency to the Facility
Lenders at the direction of the Agent on not less than five (5) Business Days’ prior written notice to the Agent specifying the amount of such prepayment (which shall be the entire outstanding amount of all Advances or, if less, equal at
least the Dollar Equivalent of two million Dollars ($2,000,000) (based, in each case, on the Applicable Exchange Rate on the Business Day immediately preceding the date of such notice). Each such prepayment notice shall be irrevocable and binding on
the Purchaser, and the Purchaser shall indemnify the Agent and each Facility Lender against any loss or expense incurred by the Agent or such Facility Lender, either directly or indirectly, as a result of any failure by the Purchaser to prepay the
Advances in accordance with any such notice. 

  
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 (c) On each Yield Payment Date, the Purchaser shall pay to the Facility Lenders at the direction
of the Agent an amount equal to the accrued and unpaid Yield on the Advances from time to time outstanding for the related Rate Period. 

(d) All payments of principal of and Yield on the Advances shall be made in accordance with Article IV of the Servicing Agreement. 

SECTION 2.4 Determination of Yield and Rate Periods 

(a) Calculations. Yield will accrue on the Advances from time to time at the interest rates determined in accordance with this
Section 2.4. Each Facility Lender’s Share of each Advance will be treated as having been funded (directly or indirectly) by the issuance of Commercial Paper or through a Conduit Support Agreement. The parties agree that Advances
funded by Commercial Paper may be funded on a “pool funded” or a “match funded” basis, or some combination thereof, as the relevant Facility Lender may from time to time determine. Each Facility Lender shall notify the Purchaser
and the Agent promptly of each determination made pursuant to this Section 2.4 (and in any event not later than 5:00 p.m., London time, on the third Business Day immediately preceding the date on which amounts determined pursuant to this
Section 2.4 are to be paid). 
 (b) Rate Periods. Each Rate Period applicable to any Advance funded by the Facility
Lenders through the issuance of Commercial Paper shall run from (and including) a Settlement Date to (but excluding) the next succeeding Settlement Date. Each Rate Period applicable to any Advance funded pursuant to a Conduit Support Agreement shall
be a period of one (1) day. 
 (c) Rate Protection; Illegality 

(i) If any Facility Lender is unable to obtain on a timely basis the information necessary to determine the Offshore Rate for
any Currency for any proposed Rate Period, then (A) such Facility Lender shall forthwith notify the Agent and the Purchaser that the Offshore Rate for such Currency cannot be determined for such Rate Period, and (B) while such
circumstances exist, Yield with respect to such Facility Lender’s Share of the Advances shall be determined by reference to the Base Rate. 

(ii) If, with respect to any outstanding Rate Period, any Facility Lender notifies the Agent that the Offshore Rate for the
Currency applicable to such Advance will not adequately reflect the cost to it of funding or maintaining such Advance for such Rate Period, then (A) such Facility Lender shall forthwith notify the Agent and the Purchaser that the Offshore Rate
for such Currency cannot be determined for such Rate Period, and (B) while such circumstances exist, Yield with respect to such Facility Lender’s share of the Advances shall be determined by reference to the Base Rate. 

(iii) Notwithstanding any other provision of this Agreement, if any Facility Lender shall notify the Agent that it has
determined (or that it has received notice from any Conduit, Conduit CP Funding Provider or Conduit Support Provider) that the change, adoption, effectiveness, phase in, interpretation of or applicability after the Closing Date of any Law makes it
unlawful for any such Facility Lender, Conduit, Conduit CP Funding Provider and/or Conduit Support Provider, as applicable, or any 

  
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central bank or other Official Body asserts that it is unlawful, for any such Facility Lender, Conduit, Conduit CP Funding Provider and/or Conduit Support Provider, as applicable, to fund the
purchases or maintenance of any Advance accruing Yield calculated by reference to the Offshore Rate for any Currency, then (A) as of the effective date of such notice from such Facility Lender to the Agent, the obligation of such Facility
Lender to fund the making or maintenance of any Advance accruing Yield calculated by reference to such Offshore Rate shall be suspended until such Facility Lender notifies the Agent that the circumstances causing such suspension no longer exist and
(B) each Advance shall either (I) if such Facility Lender, Conduit, Conduit CP Funding Provider and/or Conduit Support Provider, as applicable, may lawfully continue to maintain such Advance accruing Yield calculated by reference to such
Offshore Rate until the last day of the applicable Rate Period, Yield with respect to such Facility Lender’s share of the Advances shall be determined by reference to the Offshore Rate until the last day of such Rate Period and thereafter shall
be determined by reference to the Base Rate or (II) if such Facility Lender, Conduit, Conduit CP Funding Provider and/or Conduit Support Provider, as applicable, shall determine that it may not lawfully continue to maintain such Advance accruing
Yield calculated by reference to such Offshore Rate until the end of the applicable Rate Period, Yield with respect to such Facility Lender’s share of the Advances shall from the date of such illegality be determined by reference to the Base
Rate. 
 (iv) All determinations, calculations, quotations, decisions, notifications, opinions and certifications given,
expressed, made or obtained for the purposes of this Section 2.4 by each Facility Lender will be binding on the Purchaser and the Agent in the absence of demonstrable error. Absent willful misconduct or gross negligence on the part of a
Facility Lender, no liability to the Purchaser or any other Person will attach to such Facility Lender in connection with the exercise or non-exercise by it of its powers, duties and discretions hereunder. 

SECTION 2.5 Fees and Other Costs and Expenses 

The Purchaser shall pay, as and when due in accordance with this Agreement and Article IV of the Servicing Agreement, the Fee Letter
and the Agency Fee Letter, as the case may be, all fees hereunder and under the Fee Letter and the Agency Fee Letter, the Servicing Fees, and all amounts payable pursuant to Article VII, if any. Nothing in this Agreement other than
Section 9.12 shall limit in any way the obligations of the Purchaser to pay the amounts set forth in this Section 2.5. 

SECTION 2.6 Payments; Overdue Amounts 

(a) Notwithstanding anything contained herein or any other Transaction Document to the contrary, all amounts to be paid or deposited by the
Purchaser hereunder (or by the Servicer on behalf of the Purchaser pursuant to the Servicing Agreement) shall be paid in a manner such that the full amount to be paid or deposited is actually received by the Person to which such amount is to be paid
or on behalf of which such amount is to be deposited, in accordance with the terms hereof (and of the Servicing Agreement, as applicable), no later than 11:00 a.m. (local time where such receiving Person is located) on the day when due in
immediately available funds. If such amounts are payable to the Agent (whether on behalf of the Facility Lenders or otherwise) they shall be paid or deposited in the account indicated under the heading “Payment Information” in Schedule
1.6 (Address and Payment Information) to the Schedule of Definitions with respect to the Agent, until 

  
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otherwise notified by the Agent. If such amounts are payable to a Facility Lender they shall be paid or deposited in the account indicated under the heading “Payment Information” in
Schedule 1.6 (Address and Payment Information) to the Schedule of Definitions with respect to such Facility Lender, until otherwise notified by such Facility Lender. 

(b) The Purchaser shall, to the extent permitted by Law, pay to the Facility Lenders at the direction of the Agent, upon demand, interest on
all amounts in any Currency not paid or deposited when due hereunder at a rate equal to two percent (2.00%) per annum, plus the Base Rate applicable to Currency in which such amounts are denominated. 

SECTION 2.7 Right of Setoff 

Without in any way limiting the provisions of Section 2.9, each of the Agent and each Facility Lender is hereby authorized (in
addition to any other rights it may have) at any time after the occurrence of the Termination Date due to the occurrence of an Event of Default or during the continuance of a Potential Event of Default to set-off, appropriate and apply (without
presentment, demand, protest or other notice which are hereby expressly waived) any deposits and any other indebtedness held or owing by the Agent and/or any Facility Lender to, or for the account of, the Purchaser against the amount of the
Aggregate Unpaids owing by the Purchaser to the Agent and/or to such Facility Lender on behalf of such Person (even if contingent or unmatured). 

SECTION 2.8 Collection Accounts 

(a) On or before the Closing Date the Agent shall establish, and at all times thereafter until the Final Payout Date the Agent shall maintain,
in each Currency, a segregated account in the Agent’s name into which Available Funds denominated in such Currency shall be deposited as and to the extent required by this Section 2.8 (each a “Collection Account”
and together the “Collection Accounts”). Each Collection Account shall be in the name of the Agent and shall bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Agent, on behalf of
the Secured Parties. The Agent shall have exclusive dominion and control over the Collection Accounts and all monies, instruments and other property from time to time in the Collection Accounts. 

(b) Notwithstanding anything herein to the contrary, on and after the occurrence and during the continuance of an Event of Default or a
Potential Event of Default, the Purchaser shall, and shall require the Servicer, upon the request of the Agent to the Purchaser (with a copy to the Servicer), within two (2) Business Days after receipt of any Available Funds received by the
Purchaser or the Servicer in any Currency, including any Available Funds received or deposited into a Blocked Account, remit such Available Funds or cause such Available Funds to be remitted to the Collection Account for such Currency. 

(c) Funds on deposit in any Collection Account may be invested by the Agent, in the name of the Agent, in Eligible Investments that will
mature so that such funds will be available so as to permit the amounts in each Collection Account to be paid and applied on the next Yield Payment Date and otherwise in accordance with the provisions of Section 2.3 and the Servicing
Agreement; provided that such funds shall not reduce the Advances or accrued Yield hereunder until so applied under Section 2.3. 

  
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 (d) On each Yield Payment Date, all interest and earnings (net of losses and investment expenses)
on funds on deposit in the Collection Accounts shall be applied in accordance with the Servicing Agreement. 
 (e) On the Final Payout Date,
any funds remaining on deposit in the Collection Accounts and not otherwise applied in satisfaction of the Aggregate Unpaids in accordance with the Servicing Agreement, shall be paid to the Purchaser. 

SECTION 2.9 Funds Held in Trust 

(a) All funds held by the Purchaser shall be held in trust and the Purchaser shall deposit such funds within two (2) Business Days after
receipt thereof into the applicable Blocked Account or, if requested by the Agent pursuant to Section 2.8, the applicable Collection Account. 

(b) Neither the outstanding amount of the Advances nor the other Aggregate Unpaids shall be deemed reduced by any funds held in trust or in
any Blocked Account or Collection Account unless and until, and then only to the extent that, such funds are finally paid to the Facility Lenders in accordance with Section 2.3. 

SECTION 2.10 Conduit CP Funding Agreements and Conduit Support Agreements 

Each Facility Lender undertakes (a) to maintain in place at all times sufficient arrangements under Conduit CP Funding Agreements and/or
Conduit Support Agreements to make its Share of Advances under this Agreement either through the issuance of Commercial Paper or through other funding facilities (such as liquidity advances), (b) when seeking renewal of any such Conduit CP
Funding Agreement or Conduit Support Agreement under normal circumstances, to seek renewal of such agreement for a period of not less than three-hundred sixty (360) days, (c) use its reasonable best efforts to notify MAI (and each other)
at least sixty (60) days prior to the termination date of any such Conduit CP Funding Agreement or Conduit Support Agreement, as applicable, whether the Conduit CP Funding Provider or a Conduit Support Provider, as the case may be,
(i) intends to extend (or renew) such agreement or (ii) intends not to extend (or renew) such agreement, and (d) upon any renewal of each such Conduit CP Funding Agreement or Conduit Support Agreement, to notify the Purchaser (with a
copy to the Servicer) of the new expiry date for such agreement; provided that if either Facility Lender does not inform MAI of the intentions of the Conduit CP Funding Provider or a Conduit Support Provider pursuant to clause
(c) prior to the termination of such agreement, such failure shall not impact or prejudice (i) the sole discretion of such Conduit CP Funding Provider or Conduit Support Provider to extend, renew or terminate such agreement or
(ii) such Facility Lender’s ability to declare a Conduit Termination Date pursuant to the Schedule of Definitions. 
 SECTION 2.11
Extension of Scheduled Maturity Date 
 The Purchaser may, not more than seventy-five (75) nor less than sixty (60) days
prior to the then current Scheduled Maturity Date, request that the Facility Lenders extend the Scheduled Maturity Date for a period of one additional year. If all Facility Lenders consent to such renewal within thirty (30) days of such
request, the Scheduled Maturity Date will without further act be extended for one (1) additional year. 

  
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 ARTICLE III 

CONDITIONS PRECEDENT 
 SECTION 3.1
Conditions Precedent to Initial Advance 
 The obligation of the Facility Lenders to make the initial Advance hereunder shall be
subject to the conditions precedent that (a) all amounts required to be paid on or prior to the Initial Advance Date pursuant to the Fee Letter and the Agency Fee Letter shall have been paid in full, (b) the fees and expenses described in
Section 7.4(a)(i) and invoiced prior to the Initial Advance Date shall have been paid in full (each of the Purchaser and MAI hereby (i) request that the Agent deduct from the proceeds of the initial Advance any amounts payable pursuant to
clauses (a) and (b), (ii) acknowledge and agree on behalf of itself and each Originator that the outstanding amount of the Advances shall not in any way be reduced as a result of such deduction from the initial Advance, and
(iii) agree that the Subordinated Loan made on the Initial Advance Date shall be increased by an amount equal to the amount payable pursuant to clauses (a) and (b)), and (c) the Purchaser shall have delivered, or caused
to be delivered, to the Agent, for itself and the Facility Lenders, and the Agent’s counsel, an original (unless otherwise indicated) of each of the documents, instruments and opinions identified on Schedule I to the Omnibus Amendment. 

SECTION 3.2 Conditions Precedent to All Advances 

Each Advance hereunder (including the initial Advance) shall be subject to the conditions precedent that, on the date of such Advance, the
following statements shall be true (and the Purchaser by accepting the amount of such Advance shall be deemed to have certified that): 

(a) the Agent and each of the Facility Lenders shall have received a Borrowing Request, appropriately completed, within the time period
required by Section 2.2; 
 (b) the making of such Advance shall not violate any provision of Section 2.1; 

(c) the representations and warranties contained in Section 4.1 shall be true, complete and correct on and as of such day as
though made on and as of such day and shall be deemed to have been made on such day; 
 (d) no Event of Default or Potential Event of
Default shall have occurred and be continuing; 
 (e) the Agent and each of the Facility Lenders shall have received a Servicer Report with
respect to the proposed Advance Date in accordance with Section 3.2(b) of the Servicing Agreement and the information set forth therein shall be true, complete and correct; and 

(f) the Termination Date shall not have occurred. 

  
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 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

SECTION 4.1 Representations and Warranties of the Purchaser 

The Purchaser represents and warrants to the Agent and each Facility Lender that, on the dates set forth in Section 4.2 (with
reference to the circumstances existing on each such date): 
 (a) Corporate Existence and Power. It (i) is a limited company
duly incorporated and validly existing under the laws of Ireland, (ii) has all corporate power and all licenses, authorizations, consents, approvals and qualifications of and from all Official Bodies and other third parties required to carry on
its business in each jurisdiction in which its business is now and proposed to be conducted, and (iii) is duly qualified to do business in every other jurisdiction in which the nature of its business requires it to be so qualified. It is not,
since the date of its incorporation, engaged in any business activities other than those contemplated by the Transaction Documents. 
 (b)
Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by it of this Agreement and the other Transaction Documents to which it is a party (i) are within its corporate powers, (ii) have been
duly authorized by all necessary corporate and shareholder action, (iii) require no action by or in respect of, or filing with, any Official Body or official thereof or third party (except for any filings in respect of the Agent’s security
interests pursuant to the Security Documents), (iv) do not contravene or constitute a default under (A) its Organic Documents, (B) any Law applicable to it, (C) any contractual restriction binding on or affecting it or its
property or (D) any order, writ, judgment, award, injunction, decree or other instrument binding on or affecting it or its property, and (v) do not result in the creation or imposition of any Adverse Claim upon or with respect to its
property (except as contemplated hereby). 
 (c) Binding Effect. Each of this Agreement and the other Transaction Documents to which
it is a party has been duly executed and delivered and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting
the rights of creditors generally. 
 (d) Accuracy of Information. All information heretofore furnished by it or on its behalf
(including the Servicer Reports and its financial statements) to the Agent or any other Secured Party for purposes of or in connection with this Agreement, any other Transaction Document or any transaction contemplated hereby or thereby is, and all
such information hereafter furnished by it to the Agent or any other Secured Party will be, true, complete and accurate in every material respect, on the date such information is stated or certified, and no such item contains or will contain any
untrue statement of a material fact or omits or will omit to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not misleading. 

(e) Good Title. Immediately prior to the sale of each Receivable and the related other Affected Assets by each Originator to the
Purchaser pursuant to the relevant Purchase and Sale Agreement, such Originator was the owner of such Receivable and such related other Affected Assets, free and clear of any Adverse Claim (other than any Adverse Claim arising under the Transaction
Documents). 

  
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 (f) Outright Transfer. Each Purchase and Sale Agreement is effective to transfer to the
Purchaser, on (i) the Monthly Reporting Date immediately following the creation of each Receivable (in the case of French Receivables and any related other Affected Assets), (ii) the delivery date of the relevant Purchase and Sale Notice (in
the case of Receivables and any related other Affected Assets transferred pursuant to the Israeli Purchase and Sale Agreements) and (iii) the creation of each Receivable (in the case of all other Receivables and the related other Affected
Assets), the complete and outright legal and beneficial ownership of, and good and marketable title to, each Receivable and all of the related other Affected Assets, free and clear of any Adverse Claim (other than any Adverse Claim arising under the
Transaction Documents). 
 (g) No Voidability. The purchase price for the Receivables and related other Affected Assets payable
pursuant to each Purchase and Sale Agreement constitutes reasonably equivalent value and adequate consideration for the relevant Originator for its transfer to the Purchaser of the Receivables and related other Affected Assets, each such transfer
shall not have been made for or on account of an antecedent debt owed by such Originator to the Purchaser, and no such transfer is or may be voidable under any Insolvency Law. 

(h) Eligibility of Receivables. Each Receivable purchased by it that is treated as an Eligible Receivable for purposes of any Servicer
Report is in fact an Eligible Receivable as of the date of such Servicer Report, and each Receivable which is included in the calculation of any Net Receivables Balance as of the date of any Servicer Report is in fact an Eligible Receivable and not
a Defaulted Receivable or a Delinquent Receivable at such time. The Purchaser has no knowledge of any fact (including any defaults by the Obligor thereunder or under any other Receivable) that would cause it or should have caused it to expect any
payments on such Receivable not to be paid in full when due or that is reasonably likely to cause or result in any other Material Adverse Effect with respect to such Receivable. 

(i) Coverage Requirement. On each Settlement Date, the Currency Net Advances in each Currency do not exceed the Currency Borrowing Base
for such Currency. 
 (j) Registered Office and Location of Records. Its principal place of business, chief executive office,
registered office and the offices where it keeps all its Records are located at the address(es) described on Schedule 4.1(j). 
 (k)
Subsidiaries; Tradenames; etc. The Purchaser (i) has no Subsidiaries or divisions, (ii) has not done business under any trade name or other name other than its legal name, and (iii) since the date of its incorporation, has not
changed its name, merged with or into or consolidated with any other Person or been the subject of any proceeding under any Insolvency Law. 

(l) Agent’s Interest. From (i) the Monthly Reporting Date immediately following the creation of each Receivable (in the case
of French Receivables and any related other Affected Assets), (ii) the delivery date of the relevant Purchase and Sale Notice (in the case of Receivables and any related other Affected Assets transferred pursuant to the Israeli Purchase and
Sale Agreements) and (iii) the creation of each Receivable (in the case of all other Receivables and the related other Affected Assets) until the Final Payout Date, the Agent shall have, on behalf of the Secured Parties, a valid and enforceable
first priority perfected security interest, ranking ahead of any other security interest and the interest of any other creditor of the Purchaser and/or the Originators, in each Receivable and all of the other Affected Assets, free and clear of any
Adverse Claim. 

  
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 (m) Perfection, Registration, etc. At all times on and after the Closing Date until the
Final Payout Date (i) all actions to be taken in order to perfect and protect the interests of the Agent and the other Secured Parties in the Receivables and other Affected Assets against any Adverse Claim (other than any Adverse Claim arising
under the Transaction Documents) or the interest of any creditor of or purchaser from the Purchaser and/or any Originator will have been duly taken in each jurisdiction necessary for such purpose, (ii) all registrations, financing statements,
notices, instruments and documents required to be recorded or filed in order to perfect and protect the interests of the Agent and the other Secured Parties in the Receivables and other Affected Assets against any Adverse Claim (other than any
Adverse Claim arising under the Transaction Documents) or the interest of any creditor of, or purchaser from, the Purchaser and/or any Originator will have been duly executed, filed or served in or on the appropriate filing office, Official Body or
other Person in each jurisdiction necessary for such purpose, and (iii) all fees and taxes, if any, payable in connection with such actions and filings shall have been paid in full. 

(n) Actions; Suits. It is not in violation of any order of any Official Body or arbitrator. There are no actions, suits, litigation or
proceedings pending, or to its knowledge, threatened, against or affecting it or any of its Affiliates or their respective properties, in or before any Official Body or arbitrator. 

(o) Tax Status. It has (i) timely filed all tax returns required to be filed, and (ii) paid or made adequate provision for the
payment of all taxes, assessments and other governmental charges except any such taxes, assessments or charges which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP
shall have been set aside on its books. 
 (p) No Currency Convertibility and Transfer Limitation. No payment of any Collections by
any Obligor nor remittance of any Available Funds by any Originator, the Servicer or the Purchaser is or will be affected by any Currency Convertibility and Transfer Limitation. 

(q) Credit and Collection Policy. Since the Closing Date, there have been no material changes in any Credit and Collection Policy other
than in accordance with this Agreement and the Transaction Documents. Since such date, no material adverse change has occurred in the overall rate of collection of the Receivables. It has at all times complied with the Credit and Collection Policy.

 (r) Accounts. The names and addresses of all the Blocked Account Banks, together with the account numbers of the Blocked Accounts
at such Blocked Account Banks, are specified in Schedule 4.1(r) (or at such other Blocked Account Banks and/or with such other Blocked Accounts as have been notified to the Agent and for which Blocked Account Agreements have been executed and
delivered to the Agent in accordance with Section 5.2(e)). All Blocked Accounts are subject to Blocked Account Agreements. All Obligors have been instructed to make payments of Collections only to Blocked Accounts. Only Available Funds
are deposited into the Blocked Accounts. 
 (s) Use of Proceeds. The Purchaser will use the proceeds of each Advance only for the
payment of its expenses, the purchase of Receivables and other Affected Assets pursuant to the Purchase and Sale Agreements and other purposes in accordance with the Transaction Documents and applicable Law. 

  
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 (t) Bulk Sales. No transaction contemplated hereby or by any Purchase and Sale Agreement
requires compliance with any bulk sales act or similar law to which the Purchaser or any Originator is subject. 
 (u) Investment Company
Act. The Purchaser is not, and is not controlled by, an “investment company” within the meaning of the U.S. Investment Company Act of 1940, or is exempt from all provisions of such act. 

(v) Material Adverse Effect. Since its formation, there has been no Material Adverse Effect. 

(w) No Event of Default. No event has occurred and is continuing and no condition exists, or would result from any Advance or from the
application of the proceeds therefrom, which constitutes or may reasonably be expected to constitute an Event of Default or a Potential Event of Default. 

(x) Representations and Warranties in other Related Documents. Each of the representations and warranties of the Purchaser contained in
the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and the Purchaser hereby makes each such representation and warranty to, and for the benefit of, the Agent and each Facility Lender as if the same
were set forth in full herein. 
 SECTION 4.2 Repetition of Representations and Warranties 

The representations and warranties of the Purchaser given in Section 4.1 shall be given on the Closing Date and on each Advance
Date and each Settlement Date. 
 SECTION 4.3 Qualifying Lenders 

Each Facility Lender represents and warrants to the Purchaser on the Closing Date (or, in the case of an assignee of a Facility Lender, on the
date of such assignment) that it is a Qualifying Lender. 
 ARTICLE V 

COVENANTS 
 SECTION 5.1
Affirmative Covenants of the Purchaser 
 At all times from the date hereof to the Final Payout Date, unless the Agent shall
otherwise consent in writing: 
 (a) Reporting Requirements. The Purchaser shall maintain a system of accounting established and
administered in accordance with GAAP, and shall furnish (or cause to be furnished) to the Agent and to each Facility Lender: 

(i) Annual Reporting. Within one hundred twenty (120) days after the close of each of its fiscal years, audited
financial statements of the Purchaser, prepared in accordance with GAAP, including a balance sheet as of the end of such period and the related statements of operations, shareholder’s equity and cash flows,

  
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all certified by its director of finance or chief financial officer, accompanied by (A) an unqualified audit report certified by independent certified public accountants, acceptable to the
Agent, prepared in accordance with GAAP, and (B) any management letter prepared by said accountants. 
 (ii)
Compliance Certificate. Together with the financial statements required hereunder, a certificate signed by a director of the Purchaser stating that (A) the attached financial statements have been prepared in accordance with GAAP and
accurately reflect the financial condition of the Purchaser, and (B) to the best of such Person’s knowledge, no Event of Default or Potential Event of Default exists, or if any Event of Default or Potential Event of Default exists, stating
the nature and status thereof. 
 (iii) Shareholders Statements and Reports. Promptly upon the furnishing thereof to
the shareholders of the Purchaser, copies of all financial statements, reports and proxy statements so furnished. 
 (iv)
Notice of Events of Default, etc. As soon as possible and in any event within two (2) Business Days after the Purchaser obtains actual knowledge of (A) the occurrence of any Event of Default or Potential Event of Default, a
statement of a director of the Purchaser setting forth details of such Event of Default or Potential Event of Default and the action which it proposes to take with respect thereto, which information shall be updated promptly from time to time,
(B) any litigation, investigation or proceeding that may exist at any time between it and any Person or any litigation or proceeding relating to any Transaction Document, notice of such litigation, investigation or proceeding, and (C) the
existence of a Material Adverse Effect, notice of such Material Adverse Effect. 
 (v) Information Under Transaction
Documents. Promptly upon its receipt of any report, document, information or notice delivered by any Originator pursuant to any Transaction Document and not concurrently delivered to the Agent, a copy of the same. 

(vi) Other Information. To the extent not prohibited by applicable Law, such other information (including non-financial
information) as the Agent or any Facility Lender may from time to time reasonably request with respect to the Purchaser or the Receivables and related other Affected Assets. 

(b) Maintenance of Existence, etc. The Purchaser shall do all things necessary to remain duly incorporated and validly existing in
Ireland and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted. 
 (c)
Compliance with Laws, etc. The Purchaser shall (i) comply with all Laws to which it or its respective properties may be subject, and (ii) preserve and maintain its corporate existence, licenses, rights, franchises, qualifications
and privileges. 
 (d) Furnishing of Information and Inspection of Records. The Purchaser shall furnish to the Agent from time to
time such information with respect to the Receivables and related other Affected Assets as the Agent (at the request of any Facility Lender) may reasonably request, including listings identifying the Obligor and the Unpaid Balance (and Currency) of
each Receivable and including information and documentation relating to the 

  
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Blocked Accounts and the Blocked Account Agreements. Upon reasonable advance notice by the Agent, the Purchaser shall, at any time and from time to time during regular business hours, permit the
Agent, or its agents or representatives, at the expense of the Purchaser (i) to examine and make copies of and take abstracts from all books, records and documents (including computer tapes and disks) relating to the Receivables or related
other Affected Assets, including any related Contract, and (ii) to visit the offices and properties of the Purchaser, for the purpose of examining such materials described in clause (i), and to discuss matters relating to the Receivables and
related other Affected Assets or the Purchaser’s performance hereunder, under the Contracts, if any, under the Blocked Accounts and the Blocked Account Agreements and under the other Transaction Documents to which such Person is a party with
any of the officers, directors, relevant employees or independent public accountants of the Purchaser having knowledge of such matters provided that, unless an Event of Default or a Potential Event of Default shall have occurred and be
continuing or following an audit report indicating an audit deficiency, only one such examination and visit in any calendar year shall be at the expense of Purchaser. Subject to Section 9.9, such agents and representatives shall be bound
to treat any information received pursuant to this clause (d) as confidential. 
 (e) Keeping of Records and Books of
Account. The Purchaser shall maintain and implement administrative and operating procedures (including an ability to recreate records evidencing Receivables and any related Contract in the event of the destruction of the originals thereof), and
keep and maintain, all documents, books, computer tapes, disks, records and other information reasonably necessary or advisable for the collection of all Receivables (including records adequate to permit the daily identification of each new
Receivable and all Collections of and adjustments to each existing Receivable). The Purchaser shall give the Agent prompt notice of any material change in its administrative and operating procedures referred to in the previous sentence. 

(f) Performance and Compliance with Receivables and Contracts and Credit and Collection Policy. The Purchaser shall, (i) at its
own expense, timely and fully perform and comply with all material provisions, covenants and other promises, if any, required to be observed by it under any Contract related to the Receivables; and (ii) timely and fully comply with each Credit
and Collection Policy. 
 (g) Notice of Agent’s Interest. In the event that the Purchaser shall sell or otherwise transfer any
interest in accounts receivable or any other financial assets relating to any Receivable, any Contract or any other Affected Asset (other than as contemplated by the Transaction Documents), any computer tapes or files or other documents or
instruments provided in connection with any such sale or transfer shall disclose the Purchaser’s ownership of the Receivables and related other Affected Assets and the Agent’s and the other Secured Parties’ interest therein. 

(h) Collections. The Purchaser shall (or shall require the Servicer and the Originators to) instruct all Obligors to cause all
Collections to be deposited directly to a Blocked Account or to post office boxes to which only Blocked Account Banks have access. The Purchaser shall (or shall cause the Servicer and the Originators to) cause all Collections received in such post
office boxes to be removed and deposited into a Blocked Account on a daily basis. 
 (i) Available Funds Received. The Purchaser
shall hold in trust, and deposit, immediately, but in any event not later than two (2) Business Days after its receipt thereof, to a Blocked Account or, if required by Section 2.8, to the Collection Account, all Available Funds
received by it from time to time. 

  
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 (j) Accounts. The Purchaser shall procure that (i) each Blocked Account at all times
shall be maintained at an Blocked Account Bank and shall be subject to a Blocked Account Agreement and (ii) only Available Funds are received in such Blocked Account. 

(k) Sale Treatment. The Purchaser shall not account for, or otherwise treat, the transactions contemplated by the Purchase and Sale
Agreements in any manner other than as a sale of Receivables and related other Affected Assets to the Purchaser as and from (i) the Monthly Reporting Date following the creation of such Receivable (in the case of French Receivables and the
related other Affected Assets), (ii) the delivery date of the relevant Purchase and Sale Notice (in the case of Receivables and any related other Affected Assets transferred pursuant to the Israeli Purchase and Sale Agreements) and
(iii) the creation of such Receivable (in the case of all other Receivables and the related other Affected Assets). In addition, the Purchaser shall disclose (in a footnote or otherwise) in all of its financial statements the existence and
nature of the transaction contemplated hereby and by the Purchase and Sale Agreements and the interest of the Agent, on behalf of the Secured Parties, in the Receivables and related other Affected Assets. 

(l) Limitation on Business Activities. The Purchaser shall not engage in any business other than the transactions contemplated by the
Transaction Documents and activities reasonably incidental thereto. The officers and directors of the Purchaser (as appropriate) shall make decisions with respect to the business and daily operations of the Purchaser independent of and not dictated
by any controlling Person. 
 (m) Documents. The Purchaser shall only amend, alter, change or repeal its Organic Documents with the
prior written consent of the Agent. The Purchaser shall provide the Agent not less than thirty (30) days’ prior written notice of the Purchaser’s intention to enter into any document or instrument to which the Agent will not be a
party, such notice to be accompanied by a current draft of such document or instrument. 
 (n) Change in Accountants or Accounting
Policies. The Purchaser shall promptly notify the Agent of any change in its accountants or accounting policy. 
 (o) Security
Interest, etc. The Purchaser shall, at its expense, take (or cause to be taken) all action necessary or in the opinion of the Agent desirable to establish and maintain in favor of the Agent for the benefit of the Secured Parties a valid and
enforceable first priority perfected security interest in the Receivables and related other Affected Assets, free and clear of all Adverse Claims and in any event ranking ahead of any other security interest and the interest of any other creditor of
the Purchaser or the Originators, and shall promptly execute and deliver all instruments and take any other such actions as maybe necessary or desirable, or as the Agent may reasonably request, to perfect, protect or more fully evidence such
security interest. 
 (p) Enforcement of Transaction Documents. The Purchaser, on its own behalf and on behalf of the Agent and each
Secured Party, shall promptly procure compliance with and/or, as appropriate, enforce all covenants and obligations of the Originators contained in the Transaction Documents. The Purchaser shall deliver consents, approvals, directions, notices,
waivers and take other actions under any Transaction Document as may be directed by the Agent. 

  
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 SECTION 5.2 Negative Covenants of the Purchaser 

At all times from the date hereof to the Final Payout Date, unless the Agent shall otherwise consent in writing: 

(a) No Sales, Liens, etc. Except as otherwise provided herein or in the other Transaction Documents, the Purchaser shall not: 

(i) (A) sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim
upon (or the filing of any financing statement) or with respect to any of the Receivables and related other Affected Assets, including any Adverse Claim arising from an Adverse Claim on any inventory or goods, or (B) assign any right to receive
income in respect thereof; or 
 (ii) issue any security to, or sell, transfer or otherwise dispose of any of its property or
other assets to any Person. 
 (b) No Extension or Amendment of Receivables. The Purchaser shall not (i) extend, amend or
otherwise modify the terms of any Receivable, or (ii) amend, modify or waive any term or condition of any Contract related thereto. 

(c) No Change in Business or Credit and Collection Policy. The Purchaser shall not (i) make any change in the general nature of
its business, or (ii) make any change in the Credit and Collection Policy. 
 (d) No Subsidiaries, Mergers, etc. The Purchaser
shall not consolidate or merge with or into, or sell, lease or transfer all or substantially all of its assets to, any other Person. The Purchaser shall not form or create any Subsidiary without the prior written consent of the Agent. 

(e) No Change in Payment Instructions to Obligors. The Purchaser shall not add or terminate any bank as a Blocked Account Bank or any
account as a Blocked Account to or from those listed in Schedule 4.1(r) or make any change in its instructions to Obligors regarding payments to be made to any Blocked Account, unless (i) such instructions are to deposit such payments to
another existing Blocked Account or to the Collection Account, or (ii) (A) the Agent shall have received written notice of such addition, termination or change at least thirty (30) days prior thereto, (B) the Agent shall have received a
Blocked Account Agreement executed by each new Blocked Account Bank or an existing Blocked Account Bank with respect to each new Blocked Account, as applicable, and (C) the Agent shall have consented (such consent not to be unreasonably
withheld) to each new Blocked Account Bank and each Blocked Account Agreement. 
 (f) Deposits to Blocked Accounts. The Purchaser
shall not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Blocked Account cash or cash proceeds other than Collections. 

(g) No Impairment of Security. The Purchaser shall not take any action or permit any action to occur or suffer any circumstance to
exist which would result in any security or security interest granted, or charge or security agreement or document entered into or registered or filed, in connection with this Agreement or any other Transaction Document becoming impaired or
unenforceable in any material respect. 

  
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 (h) No Amendment of Transaction Documents. The Purchaser shall not amend, modify, or
supplement any Transaction Document or waive any provision thereof, in each case except with the prior written consent of the Agent, nor shall the Purchaser take, or permit any Originator to take, any other action under any Transaction Document that
could have a Material Adverse Effect or which is inconsistent with the terms of this Agreement or any other Transaction Document. 
 (i)
Other Debt. Except as provided herein, the Purchaser shall not create, incur, assume or suffer to exist any Indebtedness, whether current or funded, or any other liability other than (i) Indebtedness of the Purchaser representing fees,
expenses and indemnities arising hereunder or under the Purchase and Sale Agreements for the purchase price of the Receivables and related other Affected Assets, and (ii) other Indebtedness incurred in the ordinary course of its business in an
amount not to exceed nine thousand, five hundred Dollars $9,500 (or its equivalent) in the aggregate at any time outstanding. 
 (j)
Payments Under Purchase and Sale Agreements. The Purchaser shall not acquire any Receivable other than through, under, and pursuant to the terms of, the Purchase and Sale Agreements, and the Purchaser shall not become obligated to pay, and
shall not make payment of, any amounts to the Originators, other than payments (including the cash portion and the subordinated indebtedness owing by the Purchaser to the Originators) arising out of the purchase of Receivables pursuant to the
Purchase and Sale Agreements made in accordance with the terms thereof. 
 (k) Restricted Payments. The Purchaser shall not
(i) purchase or redeem any shares of its capital stock, (ii) prepay, purchase or redeem any Indebtedness, (iii) lend or advance any funds or (iv) repay any loans or advances to, for or from any Person, except (in the case of
clause (k)(ii) or (k)(iv)) to the extent provided in the Transaction Documents. 
 ARTICLE VI 

EVENTS OF DEFAULT 
 SECTION 6.1
Events of Default 
 The occurrence of any one or more of the following events shall constitute an “Event of
Default”: 
 (a) the Purchaser or any MAI Party shall fail to make any payment or deposit required to be made by it hereunder or
under the Servicing Agreement, the Parent Undertaking Agreement, the Subordinated Loan Agreement or any other Transaction Document (i) on the date when due hereunder or thereunder in the case of any payment of any Advances, Yield or any deposit
of Collections on Receivables, or (ii) within five (5) Business Days after the date when due hereunder or thereunder in the case of expenses, indemnities or other amounts not covered by clause (a)(i); or 

(b) any representation, warranty, certification or statement made or deemed made by the Purchaser or any MAI Party in this Agreement, any
other Transaction Document or in any other information, report or document delivered pursuant hereto or thereto shall prove to have been incorrect in any material respect when made or deemed made or delivered; or 

  
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 (c) any of the following shall occur: 

(i) the Purchaser shall default in the performance of any covenant or undertaking (other than those covered by
clause (a) above) to be performed or observed under Sections 5.1 (a)(iv) (Notice of Events of Default, etc.), 5.1(p) (Enforcement of Transaction Documents), 5.2(a) (No Sales, Liens, etc.),
5.2(e) (No Change in Payment Instructions to Obligors), 5.2(g) (No Impairment of Security) or 5.2(h) (No Amendment of Transaction Documents); or 

(ii) the Parent shall default in the performance of any covenant or undertaking (other than those covered by clause (a)
above) to be performed or observed under Sections 4.1(a)(vi) (Notice of Events of Default, etc.), 4.1(o) (Notice of Changes in Shareholdings), 4.2(a) (No Sales, Liens, etc.), 4.2(d) (No
Mergers, etc.), 4.2(e) (No Change in Payment Instructions to Obligors), 4.2(g) (No Impairment of Security) or 4.2(h) (No Amendment of Transaction Documents or Supported Documents), in each case of the
Parent Undertaking Agreement; or 
 (iii) the Purchaser, any Originator, the Servicer or the Subordinated Lender shall
default in the performance of any covenant or undertaking to be performed under any Purchase and Sale Agreement, the Servicing Agreement or the Subordinated Loan Agreement, respectively, corresponding to any of those referred in clauses
(c)(i) and (c)(ii); or 
 (d) the Purchaser or any MAI Party shall default in the performance of any covenant or undertaking
(other than those described in clauses (a) and (c)) to be performed or observed under this Agreement or any other Transaction Document to which it is a party and such default shall continue for thirty (30) days after the
Purchaser or such MAI Party obtains actual knowledge thereof; or 
 (e) (i) an Event of Bankruptcy shall occur with respect to the
Purchaser, the Servicer or any MAI Party, or (ii) an Event of Bankruptcy shall occur with respect to any Subsidiary of any MAI Party and such Event of Bankruptcy is reasonably likely to cause or result in a Material Adverse Effect; or 

(f) (i) the Purchaser shall for any reason fail or cease to be the complete and outright legal and beneficial owner of, and have good and
marketable title to, each Receivable and all of the related other Affected Assets purported to have been transferred to it under the Purchase and Sale Agreements, free and clear of any Adverse Claim (other than imperfections in title that are in the
opinion of the Agent, immaterial, individually and in the aggregate), or (ii) the Agent, on behalf of the Secured Parties, shall for any reason fail or cease to have a valid and enforceable first priority perfected security interest ranking
ahead of any other security interest and the interest of any other creditor of the Purchaser and the Originators, in each Receivable and all of the related other Affected Assets, free and clear of any Adverse Claim; or 

(g) on any date, the Currency Net Advances in any Currency shall exceed the Currency Borrowing Base for such Currency; or 

(h) a Servicer Default shall occur; or 

  
 18 

 (i) any of the following shall occur: 

(i) the average of the Default Ratios for any three consecutive Month End Dates shall exceed four percent (4.00%); or 

(ii) the average of the Delinquency Ratios for any three consecutive Month End Dates shall exceed three and one-half percent
(3.50%); or 
 (iii) the average of the Dilution Ratios for any three consecutive Month End Dates shall exceed ten percent
(10.00%); or 
 (j) with respect to MAI: 

(i) on the last day of any fiscal quarter of MAI, the shareholder equity of MAI on a consolidated basis shall be less than one
billion Dollars ($1,000,000,000); or 
 (ii) on the last day of any fiscal quarter of MAI, the ratio of the Net Debt of MAI
to the Net Worth of MAI shall exceed 1.25 to 1.00; or 
 (iii) (A) as of the last day of the fiscal quarter of MAI ending
30 September 2011, the ratio of the Net Debt of MAI as of such last day to the average quarterly EBITDA of MAI for the four consecutive fiscal quarters ending on such last day shall exceed 5.00 to 1.00, and (B) as of the last day of the
fiscal quarter of MAI ending December 31, 2011 and as of the last day of each fiscal quarter ending thereafter, the ratio of the Net Debt of MAI as of such last day to the average quarterly EBITDA of MAI for the four consecutive fiscal quarters
ending on such last day shall exceed 4.00 to 1.00; or 
 (k) (i)(A) the Purchaser, any Originator or any other MAI Party shall fail to pay
when due any amounts due under any agreement to which any such Person is a party and under which any Bank Debt greater than the Threshold Debt Amount for such Person was created or is governed, (B) any such Person shall default in the
performance of any term, provision or condition contained in any agreement to which any such Person is a party and under which any Bank Debt owing by such Person is greater than the Threshold Debt Amount for such Person was created or is governed,
if the effect of such default is to cause, or to permit the holder of such Bank Debt to cause, such Bank Debt to become due and payable prior to its stated maturity, or (C) any Bank Debt owing by any such Person greater than the Threshold Debt
Amount for such Person shall be declared to be due and payable or required to be prepaid (other than by a regularly scheduled payment) prior to the date of maturity thereof, or (ii)(A) the Purchaser, any Originator or any other MAI Party shall fail
to pay when due any amounts due under any agreement to which any such Person is a party and under which any Indebtedness (other than Bank Debt) owing by such Person in an amount greater than the Threshold Debt Amount for such Person was created or
is governed if such failure to pay would be, individually or when taken together with any other failure to pay with respect to such Indebtedness, reasonably likely to have a Material Adverse Effect, (B) any such Person shall default in the
performance of any term, provision or condition contained in any agreement to which any such Person is a party and under which any Indebtedness (other than any Bank Debt) owing by such Person in an amount greater than the Threshold Debt Amount for
such Person was created or is governed if such default would be, individually or when taken together with any other default with respect to such Indebtedness, reasonably likely to have a Material Adverse Effect, or (C) any Indebtedness (other
than any Bank Debt) owing by such Person in an amount greater than the Threshold Debt Amount for 

  
 19 

 
such Person shall be declared to be due and payable or required to be prepaid (other than by a regularly scheduled payment) prior to the date of maturity thereof if such declaration or
requirement would be, individually or in the aggregate, reasonably likely to have a Material Adverse Effect; or 
 (l) one or more final
judgments for the payment of money in an aggregate amount greater than the Threshold Debt Amount shall be entered against the Purchaser, the Servicer any other MAI Party or any Subsidiary of any MAI Party, and such judgment shall continue
unsatisfied and in effect for thirty (30) consecutive days without a stay of execution; or 
 (m) any Material Adverse Effect shall
have occurred; or 
 (n) a Change of Control shall have occurred; or 

(o) any material provision or provisions of this Agreement or any other Transaction Document to which the Purchaser or any MAI Party is a
party shall cease to be in full force and effect or the Purchaser or any MAI Party shall so state in writing; or 
 (p) (i) any Israeli
Originator shall fail to perform its obligations pursuant to Section 2.1(c) of the Israeli Purchase and Sale Agreement to which it is a party, (ii) any Originator fails to deliver a Subrogation Notice when due in accordance with the
relevant Purchase and Sale Agreement to which it is a party, (iii) the Subordinated Lender fails for any reason to make a Subordinated Loan under the Subordinated Loan Agreement following delivery by the Purchaser of a Subordinated Loan
Borrowing Request or (iv) the Subordinated Lender is not required for any reason to make a Subordinated Loan pursuant to the Subordinated Loan Agreement, following delivery by the Purchaser of a Subordinated Loan Borrowing Request, including as
the result of the failure to meet any condition precedent to the making of such Subordinated Loan set forth in Article II of the Subordinated Loan Agreement. 

SECTION 6.2 Remedies 

(a) Except to the extent provided in Section 6.3, upon the occurrence and during the continuation of any Event of Default other
than Events of Default of the types referred to in Section 6.2(b), the Agent at the direction of the Facility Lenders shall, by notice to the Purchaser, with a copy to the Servicer, do any of the following: 

(i) declare the Termination Date to have occurred, and upon such declaration the Termination Date shall occur and no further
Advances may be made hereunder; and/or 
 (ii) declare the principal amount of the Advances, together with accrued Yield
thereon and all other Aggregate Unpaids, to be immediately due and payable, and upon such declaration all such amounts shall become and be immediately due and payable, 

in each case, without any further notice, demand or other further action of any kind, all of which the Purchaser hereby irrevocably waives. 

  
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 (b) Upon the occurrence and during the continuation of any Event of Default of the type described
in Section 6.1(e) or 6.1(f): 
 (i) the Termination Date shall occur; and 

(ii) all Advances, together with accrued Yield thereon and all other Aggregate Unpaids, shall become and be immediately due and
payable, 
 in each case, immediately and automatically without any notice, demand or other action of any kind, all of which the Purchaser hereby
irrevocably waives. 
 (c) The Agent may, and at the direction of the Facility Lenders the Agent shall, enforce its security interests in
the Receivables and related other Affected Assets pursuant to the Security Documents and exercise, on behalf of the Agent and the Secured Parties, any and all other rights and remedies of the Agent and the Secured Parties under this Agreement, the
Security Documents and the other Transaction Documents. 
 (d) The Agent shall have and may exercise, in addition to its rights and remedies
under this Agreement and the other Transaction Documents, any and all other rights and remedies provided under the Laws of each applicable jurisdiction and other applicable Laws, all of which rights and remedies shall be cumulative. 

SECTION 6.3 Events of Default Relating to Certain Originators 

Upon the occurrence and during the continuation of any Event of Default described in Section 6.1(l) or 6.1(m) (each, a
“Trigger Event”) relating solely to one or more (but less than all) of the Originators (each, a “Defaulting Originator”), the Agent shall not take any action described in Section 6.2(a) if and for so
long as the following conditions have been and remain satisfied: 
 (i) the Agent shall have determined that such Event of
Default would not be reasonably likely to have a Material Adverse Effect (other than any Material Adverse Effect constituting a Trigger Event); 

(ii) no other event or circumstance constituting an Event of Default shall have occurred and be continuing; 

(iii) all other actions (including one or more amendments to the Transaction Documents) reasonably determined by the Agent to
be necessary as a result of, or otherwise in connection with, the occurrence of such Event of Default, including those actions necessary to achieve the changes described in sub-clauses (A) through (D) below, shall have been
taken (for the avoidance of doubt, the Facility Lenders will require (A) MAI to provide pro forma data enabling the Agent and the Facility Lenders to determine whether the trigger levels described in Section 6.1(i) are
suitable following the removal of one or more Originators from the Transaction Documents and (B) adjustment of such trigger levels as appropriate); and 

(iv) after giving effect to the changes described in sub-clauses (A) through (D) below, the Facility
Limit would not be reduced to below one hundred million Dollars ($100,000,000), in each case, after giving effect to the immediately succeeding sentence. 

Upon the occurrence and during the continuation of an Event of Default described in this Section 6.3, it is understood and agreed that
(A) all of the Receivables originated by such 

  
 21 

 
Defaulting Originators shall immediately cease to be Eligible Receivables, (B) the Facility Limit and any applicable Currency Facility Limit shall be automatically reduced to an amount
determined by the Agent (in good faith and in a manner generally consistent with the basis used to determine the Facility Limit and any such applicable Currency Facility Limit as of the Closing Date, taking into account any additional risk assumed
by the Agent and Facility Lenders as result of such Event of Default and the declaration of the Purchase Termination Date under the Purchase and Sale Agreements to which such Defaulting Originators are a party), (C) the principal amount of the
Advances, together with any interest thereon shall become immediately due and payable to the extent that (after giving effect to sub-clauses (A) and (B)) any of the conditions set forth in Section 2.1(b) are not
satisfied, and (D) the Agent may, and at the direction of the Facility Lenders the Agent shall, by notice to the Purchaser, with a copy to the Servicer declare the Purchase Termination Date to have occurred under each of the Purchase and Sale
Agreements to which such Defaulting Originators are a party. 
 ARTICLE VII 

INDEMNIFICATION; EXPENSES; RELATED MATTERS 

SECTION 7.1 Indemnities by the Purchaser 

Without limiting any other rights which the Indemnified Parties may have hereunder, under any other Transaction Document or under applicable
Law, the Purchaser hereby agrees to indemnify each Facility Lender, the Agent, each Conduit and Conduit CP Funding Provider providing funding (directly or indirectly) to a Facility Lender, each Conduit Support Provider, each Administrator and each
of their respective officers, directors, employees, counsel and other agents (collectively, the “Indemnified Parties”) from and against any and all damages, losses, claims, liabilities, costs and expenses, including attorneys’
fees and disbursements arising out of or as a result of this Agreement, the other Transaction Documents or any of the transactions contemplated by this Agreement or any of the other Transaction Documents, including any damages, losses, claims,
liabilities, costs and expenses awarded against or incurred by any of them in any action or proceeding between the Purchaser, any MAI Party (including any Originator or any Affiliate of any Originator acting as Servicer or Sub-Servicer) or any
Affiliate of the foregoing and any of the Indemnified Parties or between any of the Indemnified Parties and any third party (all of the foregoing being collectively referred to as “Indemnified Amounts”), excluding, however
(i) Indemnified Amounts to the extent resulting from gross negligence or willful misconduct on the part of such Indemnified Party, as finally determined by a court of competent jurisdiction, or (ii) recourse (except as otherwise
specifically provided in this Agreement) for uncollectible Receivables. Without limiting the generality of the foregoing (and subject to sub-clauses (i) and (ii)), the Purchaser shall indemnify each Indemnified Party for
Indemnified Amounts relating to or resulting from: 
 (a) any representation or warranty made by the Purchaser, the Servicer, MAI or any
other MAI Party or any officers of the Purchaser, the Servicer, MAI or any other MAI Party under or in connection with this Agreement, any Purchase and Sale Agreement, any of the other Transaction Documents, any Servicer Report or any other
information or report delivered by the Purchaser, the Servicer, MAI or any other MAI Party pursuant hereto, or pursuant to any of the other Transaction Documents which shall have been incomplete, false or incorrect in any respect when made or deemed
made; 

  
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 (b) the failure by the Purchaser, the Servicer, MAI or any other MAI Party to comply with any
applicable Law with respect to any Receivable or any Contract related thereto including any disclosure of or other action or omission relating to information relating to any Obligor by the Servicer, MAI or any MAI Party or the nonconformity of any
Receivable or any Contract related thereto with any such applicable Law; 
 (c) (i) the failure for any reason (A) to vest and maintain
(or cause to be vested and maintained) in the Purchaser complete and outright legal and beneficial ownership of, and good and marketable title to, each Receivable and related other Affected Assets which is valid and enforceable against Obligors and
other third parties and is free and clear of any Adverse Claim (other than any Adverse Claim arising hereunder or under the other Transaction Documents) and the interest of any other creditor of the Purchaser and the Originators, or (B) to vest
and maintain in the Agent, on behalf of the Secured Parties, a valid and enforceable perfected security interest ranking ahead of any other security interest and the interest of any other creditor of the Purchaser and the Originators in each
Receivable and related other Affected Assets, free and clear of any Adverse Claim (other than any Adverse Claim arising hereunder or under any other Transaction Document), or (ii) the creation of any Adverse Claim in favor of any Person with
respect to the Receivables or related other Affected Assets; 
 (d) the occurrence of any Event of Default; 

(e) any dispute, claim, offset or defense (other than discharge in bankruptcy) of any Obligor to the payment of any Receivable (including a
defense based on such Receivable or any Contract related thereto not being the legal, valid and binding obligation of such Obligor enforceable against it in accordance with its terms), or any other claim resulting from the sale of merchandise or
services related to such Receivable or the furnishing or failure to furnish such merchandise or services, or from any breach or alleged breach of any provision of the Receivables or any Contracts related thereto restricting assignment of any
Receivables; 
 (f) any failure of the Servicer to perform its duties or obligations in accordance with the Servicing Agreement; 

(g) any product liability claim or personal injury or property damage suit or other similar or related claim or action of whatever sort
arising out of or in connection with merchandise or services which are the subject of any Receivable or related other Affected Asset or any Contract; 

(h) any lawsuit, order, consent decree, judgment, claim or other action of whatever sort relating to, or otherwise in connection with, any
environmental, health, safety or hazardous material law, rule, regulation, ordinance, code, policy or rule of common law now or hereinafter in effect; 

(i) the failure by the Purchaser or any MAI Party to comply with any term, provision or covenant contained in this Agreement or any of the
other Transaction Documents to which it is a party or to perform any of its respective duties or obligations under the Receivables or any Contracts related thereto; 

(j) the Currency Net Advances in any Currency exceeding the Currency Borrowing Base for such Currency at any time; 

  
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 (k) the failure of the Purchaser, the Servicer, MAI or any other MAI Party to pay when due any
Taxes (other than Excluded Taxes) payable in connection with the sale of any Receivable or related other Affected Asset or any Contract or in connection with any Transaction Document or the transactions contemplated thereby; 

(l) any repayment by any Indemnified Party of any amount previously distributed in reduction of Advances which such Indemnified Party believes
in good faith is required to be made; 
 (m) at any time when MAI or any Affiliate of MAI is the Servicer or a Sub- Servicer, the
commingling by the Purchaser or any MAI Party of Collections of Receivables with any other funds; 
 (n) any investigation, litigation or
proceeding related to this Agreement or any of the other Transaction Documents except to the extent that such investigation, litigation or proceeding relates solely to such Indemnified Parties’ participation in securitization transactions; 

(o) failure of any Blocked Account Bank to remit any amounts held in the Blocked Accounts or any related lock-boxes pursuant to the
instructions of the Servicer, the Purchaser or the Agent (to the extent such Person is entitled to give such instructions in accordance with the terms hereof and of any applicable Blocked Account Agreement) whether by reason of the exercise of
set-off rights or otherwise; 
 (p) any inability to obtain any judgment in or utilize the court or other adjudication system of, any state
or country in which an Obligor may be located as a result of the failure of the Purchaser, any Originator or any MAI Party to qualify to do business or file any notice of business activity report or any similar report; 

(q) except for recourse for uncollectible Receivables (other than as otherwise specifically provided in the Transaction Documents), any
attempt by any Person to void, rescind or set-aside any transfer by any Originator to the Purchaser of any Receivable or related other Affected Asset under statutory provisions or common law or equitable action, including any provision of any
Insolvency Law; or 
 (r) any action taken by the Purchaser, the Servicer or any Sub-Servicer in the enforcement or collection of any
Receivable. 
 In respect of any Indemnified Amounts payable to any Indemnified Party which is not a party to this Agreement in accordance with the
indemnity set out in this Section 7.1, the Purchaser (A) agrees to pay such Indemnified Party directly at the direction of the Agent and (B) acknowledges and agrees that the Agent shall have the right to enforce the indemnity
set out in this Section 7.1 on behalf of such Indemnified Party in respect of any Indemnified Amounts payable to such Indemnified Party, notwithstanding that no Indemnified Amounts are payable to the Agent itself. In the event that the
Agent receives or recovers from the Purchaser pursuant to the indemnity set out in this Section 7.1 any Indemnified Amounts payable to or for the benefit of any Indemnified Party, the Agent agrees that it will immediately (and in any
event no later than the Business Day following receipt thereof) pay all such Indemnified Amounts to such Indemnified Party. 

  
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 SECTION 7.2 Indemnity for Taxes. Reserves and Expenses 

(a) If, after the Closing Date, the adoption of any Law or bank regulatory guideline or any amendment or change in the administration,
interpretation or application of any existing or future Law or bank regulatory guideline by any Official Body charged with the administration, interpretation or application thereof, or the compliance with any directive of any Official Body (in the
case of any bank regulatory guideline, whether or not having the force of Law): 
 (i) subjects any Indemnified Party (or its
applicable lending office) to any tax, duty or other charge (other than Excluded Taxes) with respect to this Agreement, the other Transaction Documents, the financing of the Asset Interest, any of the transactions contemplated hereby or thereby or
payments of amounts due hereunder, or changes the basis of taxation of payments to any Indemnified Party of amounts payable in respect of this Agreement, the other Transaction Documents, the financing of the Asset Interest, any of the transactions
contemplated hereby or thereby or payments of amounts due hereunder or its obligation to advance funds hereunder, under a Conduit CP Funding Agreement or a Conduit Support Agreement or otherwise in respect of this Agreement, the other Transaction
Documents, the financing of the Asset Interest or any transactions contemplated hereby or thereby (except for changes in the rate of general corporate, franchise, net income or other income tax imposed on such Indemnified Party by the jurisdiction
in which such Indemnified Party’s principal executive office is located); 
 (ii) imposes, modifies or deems applicable
any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Indemnified Party, or imposes on any Indemnified Party or on the United States market for certificates of deposit,
the London interbank market or any other market in which funds in any Currency are normally raised or deposited any other condition affecting this Agreement, the other Transaction Documents, the financing of the Asset Interest, any of the
transactions contemplated hereby or thereby or payments of amounts due hereunder or its obligation to advance funds hereunder, under a Conduit CP Funding Agreement or a Conduit Support Agreement or otherwise in respect of this Agreement, the other
Transaction Documents, the financing of the Asset Interest, any of the transactions contemplated hereby or thereby; or 

(iii) imposes upon any Indemnified Party any other condition or expense (including any loss of margin, attorneys’ fees and
expenses, and expenses of litigation or preparation therefor in contesting any of the foregoing) with respect to this Agreement, the other Transaction Documents, the financing of the Asset Interest, any of the transactions contemplated hereby or
thereby or payments of amounts due hereunder or its obligation to advance funds hereunder or under a Conduit CP Funding Agreement or a Conduit Support Agreement or otherwise in respect of this Agreement, the other Transaction Documents, the
ownership, maintenance or financing of the Asset Interest, 
 and the result of any of the foregoing is to increase the cost to or to reduce the amount of
any sum received or receivable by such Indemnified Party with respect to this Agreement, the other Transaction Documents, the financing of the Asset Interest, the Receivables, the obligations hereunder, the funding under any Conduit CP Funding
Agreement or any Conduit Support Agreement, by an amount deemed by such Indemnified Party to be material, or to in any way restrict the free transferability or convertibility of any Currency, or restrict the

  
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consummation of any spot, forward, hedging or other transaction involving such Currency, then (A) within ten (10) days after demand by such Indemnified Party through the Agent, the
Purchaser shall pay to such Indemnified Party at the direction of the Agent, such additional amount or amounts as will compensate such Indemnified Party for such increased cost or reduction and (B) the Purchaser shall take such other action as
the Agent may reasonably require to enable it to comply with, or to mitigate the effect on such Indemnified Party of, such restriction. 

(b) If any Indemnified Party shall have determined that after the date hereof, the adoption of any applicable Law or bank regulatory guideline
regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any Official Body, or any request or directive regarding capital adequacy (in the case of any bank regulatory guideline, whether or
not having the force of law) of any such Official Body, has or would have the effect of reducing the rate of return on capital of such Indemnified Party (or its parent) as a consequence of such Indemnified Party’s obligations hereunder or with
respect hereto to a level below that which such Indemnified Party (or its parent) could have achieved but for such adoption, change, request or directive (taking into consideration its policies with respect to capital adequacy) by an amount deemed
by such Indemnified Party to be material, then from time to time, within ten (10) days after demand by such Indemnified Party through the Agent, the Purchaser shall pay to such Indemnified Party at the direction of the Agent such additional
amount or amounts as will compensate such Indemnified Party (or its parent) for such reduction. For the avoidance of doubt, any rule, regulation or interpretation issued by any financial accounting standards board shall constitute an adoption,
change, request or directive subject to this Section 7.2(b). 
 (c) The Agent shall promptly notify the Purchaser of any event
of which it has knowledge, occurring after the date hereof, which will entitle an Indemnified Party to compensation pursuant to this Section 7.2; provided that no failure to give or any delay in giving such notice shall affect the
Indemnified Party’s right to receive such compensation. A notice by the Agent or the applicable Indemnified Party claiming compensation under this Section 7.2 and setting forth the additional amount or amounts to be paid to it
hereunder shall be conclusive in the absence of manifest error. In determining such amount, the Agent or any applicable Indemnified Party may use any reasonable averaging and attributing methods. 

(d) Anything in this Section 7.2 to the contrary notwithstanding, if any Facility Lender, or any Conduit or Conduit CP Funding
Provider or Conduit Support Provider, enters into an agreement for the acquisition or financing of interests in receivables from one or more Other Customer, such Facility Lender shall allocate the liability for any amounts under this
Section 7.2 (the “Shared Costs”) to the Purchaser and to each such Other Customer; provided that if such Shared Costs are attributable solely to the Purchaser or any MAI Party and not attributable to any Other
Customer, the Purchaser shall be solely liable for such Shared Costs or if such Shared Costs are attributable to Other Customers and not attributable to the Purchaser or any MAI Party, such Other Customers shall be solely liable for such Shared
Costs. 
 SECTION 7.3 Taxes 

(a) All payments and distributions made by the Purchaser to the Facility Lenders, the Agent or any other Person to whom a payment is owing by
the Purchaser pursuant to the Transaction Documents (each, a “recipient”) shall be made free and clear of and without deduction for any present or future income, excise, stamp or franchise taxes and any other

  
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taxes, fees, duties, withholdings or other charges of any nature whatsoever imposed by any taxing authority on any recipient (or any assignee of such parties) (such non-excluded items being
called “Taxes”), other than Excluded Taxes, except to the extent required by applicable Law or practice. In the event that any withholding or deduction from any payment made by the Purchaser hereunder is required in respect of any
Taxes, then the Purchaser shall: 
 (i) withhold or deduct the required amount from the covered payment; 

(ii) pay (or procure the payment of) directly to the relevant authority the full amount required to be so withheld or deducted;

 (iii) promptly forward to such recipient an official receipt or other documentation satisfactory to such recipient
evidencing such payment to such authority; and 
 (iv) except in the case of Excluded Taxes, pay (or procure the payment of)
to the recipient such additional amount or amounts as is necessary to ensure that the net amount actually received by the recipient will equal the full amount such recipient would have received had no such withholding or deduction been required.

 (b) Moreover, if any Taxes (other than Excluded Taxes) are directly asserted against any recipient with respect to any payment or income
earned or received by such recipient hereunder or under any other Transaction Document, the payor will promptly pay such additional amounts (including any penalties, interest or expenses) as shall be necessary in order that the net amounts received
and retained by the recipient after the payment of such Taxes (including any Taxes on such additional amount) shall equal the amount such recipient would have received had such Taxes not been asserted. 

(c) If the Purchaser fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to the recipient the required
receipts or other required documentary evidence, the Purchaser shall indemnify the recipient for any incremental Taxes, interest, or penalties that may become payable by any recipient as a result of any such failure. 

(d) In the event that the Purchaser pays any additional amount or amounts pursuant to clause (a)(iv) (an “additional tax
payment”), and in the event the recipient thereof determines (in its sole, good faith opinion) that, as a result of such additional tax payment, it is effectively entitled to obtain and retain a refund of any Taxes or a tax credit in
respect of Taxes which reduces the tax liability of such recipient (a “tax savings”), then such recipient shall, to the extent it can do so without prejudice to the amount of any other deduction, credit or relief, upon effective
receipt of such tax savings reimburse to the Purchaser such amount as such recipient shall determine (in its sole, good faith opinion) to be the proportion of the tax savings as will leave such recipient (after such reimbursement) in no better or
worse position than it would have been in had the payment by the Purchaser in respect of which the foregoing additional tax payment was made not been subject to any withholding or deduction on account of Taxes. If the Purchaser shall have received
from any recipient any amount described in the preceding sentence and it is subsequently determined that such recipient was not entitled to obtain or retain the amount of the tax savings claimed, then the Purchaser shall repay such amount to such
recipient; provided that the Purchaser has received an equivalent payment from another source pursuant to the terms of one or more Transaction Documents; and provided, further, that the Purchaser shall be required to return only
so much of such amount as shall leave the Purchaser in no better or worse position than it would have been in 

  
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had it not previously received any reimbursement of any portion of such tax savings. Each recipient shall have sole discretion to arrange its affairs (including its tax affairs) without regard to
this clause (d) and no recipient shall be obligated to disclose any information regarding its affairs (including its tax affairs) or computations to the Purchaser. 

SECTION 7.4 Other Costs and Expenses 

(a) The Purchaser agrees, upon receipt of a written invoice, to pay or cause to be paid, and to save the Facility Lenders and the Agent
harmless against liability for the payment of, all reasonable out-of-pocket expenses (including attorneys’, accountants’ and other third parties’ fees and expenses, any filing fees and expenses incurred by officers or employees of any
Facility Lender and/or the Agent) or intangible, documentary or recording taxes incurred by or on behalf of the Facility Lenders or the Agent (i) in connection with the preparation, negotiation, execution and delivery of this Agreement, the
other Transaction Documents and each document and instrument delivered pursuant hereto and thereto and the transactions contemplated hereby and thereby and (ii) from time to time (A) relating to each amendment, waiver and consents under
this Agreement and the other Transaction Documents, (B) arising in connection with the Facility Lenders’ and the Agent’s enforcement or preservation of rights under this Agreement and the other Transaction Documents, and
(C) arising in connection with each audit, investigation, dispute, disagreement, litigation or preparation for litigation involving this Agreement and each of the other Transaction Documents. 

(b) The Purchaser hereby agrees to pay on demand all stamp and other Taxes (other than Excluded Taxes) and fees (including, interest, late
payment fees and penalties) paid, payable or determined to be payable in connection with the execution, delivery, performance (including any sale of Receivables), filing and recording of the Agreement, any other Transaction Document or any other
instrument, document or agreement filed or delivered in connection therewith. 
 SECTION 7.5 Breakage Costs 

The Purchaser shall pay each Facility Lender at the direction of the Agent, on demand, such amount or amounts as shall compensate such
Facility Lender for any loss, cost or expense incurred by such Facility Lender (and notified to the Agent) as a result of any reduction of any Advance on any date other than on a Settlement Date, such compensation to be limited to an amount equal to
(a) any loss or expense suffered by such Facility Lender during the period from the date of receipt of such repayment to (but excluding) such Settlement Date and net of (b) the income, if any, received by the recipient of such reductions
from investing the proceeds of such reductions of such Advance. The determination by the relevant Facility Lender of the amount of any such loss or expense shall be set forth in a written notice to the Purchaser and the Agent in reasonable detail
and shall be conclusive, absent manifest error. 
 SECTION 7.6 Currency Indemnity 

If under any applicable law or regulation, or pursuant to a judgment or order being made or registered against the Purchaser or any MAI Party,
or the liquidation of any of the Purchaser or any MAI Party or for any other reason, any payment under or in connection with this Agreement or any Transaction Document is made (including any payment pursuant to this Article VII) or fails to
be satisfied, in a currency (the “payment currency”) other than the 

  
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currency in which such payment is expressed to be due under or in connection with this Agreement or any Transaction Document or, in the event no currency is specified, a currency determined by
the Person (in its reasonable good faith opinion) to whom such payment is owed or otherwise payable (the “contractual currency”), then, to the extent that the amount of such payment actually received by any Indemnified Party (the
“payee”) when converted into the contractual currency at the rate of exchange falls short of such amount due, the Purchaser or relevant MAI Party (the “currency payor”) as a separate and independent obligation,
shall indemnify and hold harmless the payee against the amount of such shortfall. For the purposes of this Section 7.6, the term “rate of exchange” means the rate at which the payee is able on or about the date of such
payment to purchase, in accordance with its normal practice, the contractual currency with the payment currency and shall take into account (and the payor shall be liable for) any premium and other costs of exchange including any taxes or duties
incurred by reason of any such exchange. 
 ARTICLE VIII 

RELATIONSHIP BETWEEN THE AGENT AND THE FACILITY LENDERS 

SECTION 8.1 Appointment and Authorization of Agent 

Each Facility Lender hereby irrevocably appoints and designates the Agent to act as its agent under and in connection with the Transaction
Documents. Each Facility Lender authorizes the Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the Transaction Documents together with any other incidental rights, powers,
authorities and discretions. 
 SECTION 8.2 Agent’s Duties, Rights and Discretions 

(a) The Agent’s duties under this Agreement are solely mechanical and administrative in nature. Notwithstanding any provision to the
contrary contained elsewhere in this Agreement or in any other Transaction Document, the Agent shall not have any duties or responsibilities, except those expressly set forth in this Agreement, nor shall the Agent have or be deemed to have any
fiduciary relationship with any Facility Lender or any other Person, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Transaction Document or otherwise exist
against the Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Agreement with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations
arising under agency doctrine of any applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

(b) Without limiting the applicability of Section 7.4 with respect to the costs incurred in connection thereof, the Agent may
engage and pay for the advice or services of any lawyers, accountants or other experts whose advice or services may to it seem necessary or expedient in connection with its appointment, and acting in the capacity of Agent, hereunder, and rely upon
any advice so obtained. 
 (c) Notwithstanding any other provision of any Transaction Document to which it is a party to the contrary, the
Agent is not obliged to do or omit to do anything if it would or might in its reasonable opinion constitute a breach of any law or regulation or a breach of a fiduciary duty or duty of confidentiality. 

  
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 (d) Notwithstanding anything to the contrary expressed or implied herein, the Agent shall not:

 (i) be bound to enquire as to: 

(A) whether or not any representation made or deemed to be made by the Purchaser or any MAI Party in connection herewith or any
other Transaction Document is true; 
 (B) the performance by the Purchaser or any MAI Party of its obligations hereunder or
any other Transaction Document; or 
 (C) any breach of or default by the Purchaser or any MAI Party of or under its
obligations hereunder or any other Transaction Document; 
 (ii) be bound to inspect the properties, books or records of the
Purchaser, any MAI Party or any of their respective Affiliates. 
 (iii) be bound to account to any Facility Lender for any
sum or the profit element of any sum received by it for its own account; 
 (iv) be bound to hold any Transaction Document or
any other document in connection with the Transaction Documents in its own possession or otherwise; or 
 (v) be under any
obligations other than those for which express provision is made herein. 
 (e) The Agent shall not have responsibility: 

(i) for the legality, validity, effectiveness, execution, genuineness, adequacy or enforceability of this Agreement or any
other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with this Agreement or any other Transaction Document; 

(ii) for the exercise of, or the failure to exercise, any judgment, discretion or power given to it by or in connection with
this Agreement or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with this Agreement or any other Transaction Document; 

(iii) for the perfection and registration of the security granted under the Security Documents or for the perfection and
registration of any agreements to be entered into in the future over any current or future assets of the Purchaser; or 

(iv) for the collectability of amounts payable under any Transaction Document, 

and, accordingly, the Agent shall be under no liability (whether in negligence or otherwise) in respect of such matters, save in the case of its own gross
negligence or willful misconduct. 
 (f) Nothing in this Agreement shall oblige the Agent to carry out any “know your customer” or
other checks in relation to any person on behalf of any Facility Lender and each Facility Lender confirms to the Agent that it is solely responsible for any such checks it is required to carry out and that it may not rely on any statement in
relation to such checks made by the Agent. 

  
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 (g) Without limiting the responsibilities of the Agent hereunder in its corporate capacity, no
party may take any proceedings against any officer, employee or agent of the Agent in respect of any claim it might have against such Agent or in respect of any act or omission of any kind (including by reason of such Person’s own gross
negligence or willful misconduct) by that officer, employee or agent in relation to any Transaction Document. 
 (h) The Facility Lenders
shall, from time to time on demand of the Agent, indemnify the Agent, against any and all costs, claims, losses, expenses (including legal fees) and liabilities together with any value-added taxes thereon which the Agent may incur, otherwise than by
reason of its own gross negligence or willful misconduct, in acting in its capacity as agent hereunder. 
 (i) In acting as Agent, the Agent
shall be regarded as acting through its agency division which shall be treated as a separate entity from any other of its divisions or departments. If information is received by another division or department of the Agent, it may be treated as
confidential to that division or department and the Agent shall not be deemed to have notice of it. 
 SECTION 8.3 Instructing Group

 (a) Any approval, consent, waiver or any other matter which requires a discretionary decision of the Purchaser under the Transaction
Documents shall require the prior written approval of the Agent (acting on the instructions of the Instructing Group). Except as otherwise expressly provided in any Transaction Document, any approval, consent, waiver, notification or determination
by the Agent under the Transaction Documents shall require the prior written approval of the Instructing Group. 
 (b) Unless a contrary
indication appears in a Transaction Document, the Agent shall (i) exercise all rights, powers, authorities and discretions vested in it as Agent solely in accordance with any instructions given to it by the Instructing Group (or, if so
instructed by the Instructing Group, refrain from exercising any right, power, authority or discretion vested in it as Agent), including, for the avoidance of doubt, authorizing the delivery of any notice in connection with the Transaction Documents
and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Instructing Group. 

(c) Any instruction to the Agent may only be given by the Instructing Group. 

(d) The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and each other Transaction
Document in accordance with an instruction of the Instructing Group and such instruction and any action taken or failure to act pursuant thereto shall be binding upon all Facility Lenders. 

(e) The Agent may only agree to a variation, addition, deletion, cancellation or waiver in relation to a Transaction Document in accordance
with an instruction or direction of the Instructing Group. 

  
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 (f) The Agent may refrain from acting in accordance with the instructions of the Instructing
Group until it has received such security as it may require for any cost, loss or liability (together with any associated value-added taxes) which it may incur in complying with the instructions. 

(g) In the absence of instructions from the Instructing Group (in circumstances where the Agent has requested such instructions or, given the
urgency, such instructions cannot be given in time) the Agent may act (or refrain from taking action) as it considers to be in the best interest of the Facility Lenders. 

SECTION 8.4 Delegation of Duties 

The Agent may act and otherwise execute any of its duties under this Agreement or any other Transaction Document by or through agents,
employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects with
reasonable care. 
 SECTION 8.5 No Liability 

Without limiting the responsibilities of the Agent hereunder in its corporate capacity, no Agent-Related Person shall (i) be liable for
any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Transaction Document or the transactions contemplated hereby (including the extent caused by its own gross negligence or willful
misconduct), or (ii) be responsible in any manner to any Facility Lender for any recital, statement, representation or warranty made by the Purchaser or any MAI Party, or any officer thereof, contained in this Agreement or in any other
Transaction Document, or in any certificate, report, statement or other document referred to or provided for in, or received by the Agent under or in connection with, this Agreement or any other Transaction Document, or the validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Transaction Document, or for any failure of the Purchaser, any MAI Party or any other party to any Transaction Document to perform its obligations hereunder or thereunder.

 SECTION 8.6 Reliance by Agent 

(a) The Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate,
affidavit, letter, telegram, facsimile, telex or telephone message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by or on behalf of the proper Person or Persons, and upon
advice and statements of legal counsel (including counsel to the Purchaser or any MAI Party), independent accountants and other experts selected by the Agent. 

(b) Without limiting the generality of the foregoing, the Agent may: 

(i) assume, unless it has, in its capacity as Agent, received notice to the contrary from a Facility Lender, the Purchaser, or
an MAI Party, that: 
 (A) any representation and warranty made or deemed to be made by the Purchaser or any MAI Party in
connection herewith or any other Transaction Document is true; 

  
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 (B) any right, power, authority or discretion vested in any party has not been
exercised; 
 (C) no Event of Default or Potential Event of Default has occurred; 

(D) the Termination Date has not occurred; and 

(E) neither the Purchaser nor any of the MAI Parties is in breach of or in default under its obligations hereunder or any other
Transaction Document; 
 (ii) rely as to any matters of fact which might reasonably be expected to be within the knowledge of
the Purchaser or any MAI Party upon a certificate signed by or on behalf of the Purchaser or any MAI Party (as applicable); and 

(iii) rely upon any communication or document provided by a party to any Transaction Document believed by it to be genuine.

 SECTION 8.7 Notice of Default 

(a) The Agent shall not be bound to inquire as to the occurrence of Potential Event of Default, Event of Default, Servicer Default, Potential
Servicer Default or Termination Date. 
 (b) The Agent shall not be deemed to have knowledge or notice of the occurrence of the Termination
Date, a Potential Event of Default, an Event of Default, a Servicer Default or Potential Servicer Default, unless the Agent has received written notice from a Facility Lender or the Purchaser or any MAI Party describing such Potential Event of
Default, Event of Default, Servicer Default or Potential Servicer Default and stating that such notice is a “Notice of Event of Default or Potential Event of Default” or “Notice of Servicer Default or Potential Servicer Default”
as applicable. The Agent will notify each Facility Lender of its receipt of any such notice. 
 (c) The Agent shall (subject to
Section 8.5) take such action with respect to the occurrence of the Termination Date, such Potential Event of Default, Event of Default, Servicer Default or Potential Servicer Default as may be requested by the Instructing Group;
provided that, unless and until the Agent shall have received any such request, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Potential Event of Default, Event of
Default or Servicer Default or Potential Servicer Default as it shall deem advisable or in the best interest of the Facility Lenders. 

SECTION 8.8 Own Determinations 

(a) Each Facility Lender acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by
the Agent hereinafter taken, including any consent to and acceptance of any assignment or review of the affairs of the Purchaser, any MAI Party or any of their respective Affiliates, shall be deemed to constitute any representation or warranty by
any Agent-Related Person to any Facility Lender as to any matter, including whether the Agent-Related Persons have disclosed material information in their possession. 

  
 33 

 (b) Each Facility Lender represents and confirms to the Agent that it has, and will continue to,
independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into: 

(i) the business, prospects, operations, property, financial and other condition, creditworthiness, status and nature of the
Purchaser, each MAI Party and their respective Affiliates, 
 (ii) the legality, validity, effectiveness, adequacy and
enforceability of this Agreement and the other Transaction Documents, the transactions contemplated herein and therein, and each other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection
the Transaction Documents; 
 (iii) whether such Facility Lender has recourse, and the nature and extent of that recourse,
against the Purchaser or any other Person or any of their respective assets under or in connection with this Agreement and the other Transaction Documents, the transactions contemplated herein and therein, and each other agreement, arrangement or
document entered into, made or executed in anticipation of, pursuant to or in connection the Transaction Documents; and 

(iv) the adequacy, accuracy and/or completeness of any information provided by the Purchaser, any MAI Party or by any other
Person in connection with this Agreement and the other Transaction Documents, the transactions contemplated herein and therein, and each other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in
connection the Transaction Documents, and 
 (v) all applicable Laws relating to the transactions contemplated by the
Transaction Documents, 
 and has made its own decision to enter into this Agreement and to extend credit to the Purchaser hereunder. 

(c) Each Facility Lender warrants and confirms that it shall, independently and without reliance upon any Agent-Related Person and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Transaction Documents, and to make such
investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Purchaser and the MAI Parties. 

SECTION 8.9 Disclosure of Information by the Agent 

(a) Except for notices, reports and other documents expressly herein required to be furnished to the Facility Lenders by the Agent herein, the
Agent shall not have any duty or responsibility to provide the Facility Lenders with any credit or other information concerning 

  
 34 

 
the business, prospects, operations, property, financial and other condition or creditworthiness of the Purchaser, any MAI Party or their respective Affiliates which may come into the possession
of any of the Agent-Related Persons. 
 (b) The Agent may disclose to any other party to this Agreement any information it reasonably
believes it has received as agent under a Transaction Document to which it is a party. 
 (c) The Agent shall: 

(i) promptly deliver to the Facility Lenders a copy of any report, notice or document received by it in its capacity as Agent
from the Purchaser or any MAI Party (and is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another party); and 

(ii) promptly notify the Facility Lenders of the occurrence of any Event of Default or Potential Event of Default, or any
default by the Purchaser or any MAI Party in the due performance of or compliance with its obligations under this Agreement or the other Transaction Documents of which the Agent has received actual notice from any other party hereto. 

(d) Notwithstanding any other provision of any Transaction Document to the contrary, the Agent is not obliged to disclose to any other person
any confidential information or any other information if the disclosure would or might in its reasonable opinion constitute a breach of any law or a breach of a fiduciary duty. 

SECTION 8.10 Agent in Individual Capacity 

Rabobank (and each successor acting as Agent) and its Affiliates may make loans to, issue letters of credit for the account of, accept
deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with any of the Purchaser, the Servicer, any MAI Party or any of their Subsidiaries or Affiliates as
though Rabobank were not the Agent hereunder and without notice to or consent of any Facility Lender. Each Facility Lender acknowledges that, pursuant to such activities, Rabobank and its Affiliates may receive information regarding the Purchaser,
the MAI Parties and their respective Affiliates (including information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that the Agent shall be under no obligation to provide such information to it. 

SECTION 8.11 Pro Rata Payments 

(a) Recoveries. Subject to Section 8.11(c), if any amount owing by MAI Party hereunder or under any other Transaction
Document to a Facility Lender (which, for purposes of this Section 8.11 shall be deemed to include all other Secured Parties related to such Facility Lender) (each, a “Recovering Lender”) is discharged by payment,
set-off or any other manner other than through the Agent (the amount so discharged being a “Recovery”) then: 

(i) within three Business Days of receipt of the Recovery, the Recovering Lender shall notify details of such Recovery to the
Agent; 

  
 35 

 (ii) the Agent shall determine whether the amount of the Recovery is in excess of
the amount which such Recovering Lender should have received had such amount been paid to the Agent and distributed in accordance with the Servicing Agreement (any such excess amount being the “Excess Recovery”); 

(iii) within three Business Days of demand the Recovering Lender shall pay to the Agent an amount equal to the Excess Recovery;

 (iv) the Agent shall treat that payment as if it was a payment made by such MAI Party to the Agent and distribute it to
the Facility Lenders (other than the Recovering Lender) in accordance with the Servicing Agreement; and 
 (v) the Recovering
Lender shall be subrogated to the rights of the Facility Lenders which have shared in the payment under clause (a)(iv) and if for any reason the Recovering Lender is unable to rely on such rights of subrogation, the amount of the Excess
Recovery shall be treated as not having been paid and (without double counting) such MAI Party will owe the Recovering Lender a debt (immediately due and payable) in an amount equal to the Excess Recovery. 

(b) Notification of Recovery. If any Recovery must be wholly or partly refunded by the Recovering Lender after it has paid any amount
to the Agent under clause (a)(iii), each Facility Lender to which any part of the Excess Recovery (or amount in respect of it) was distributed shall, on request from the Recovering Lender, pay to the Recovering Lender that Facility Lender’s
pro rata share of the amount (including any related interest) which must be refunded by the Recovering Lender. 
 (c)
Exceptions to Sharing. Notwithstanding clause (a), no Recovering Lender will be obliged to pay any amount to the Agent or any other Facility Lender in respect of any Recovery if it would not after that payment have a valid and
enforceable claim against the relevant MAI Party in an amount equal to the Excess Recovery. 
 (d) No Security. The provisions of
this Section 8.11 shall not constitute a charge by any Facility Lender over all or any part of any amount received or recovered by it under any of the circumstances mentioned in this Section 8.11 (Pro Rata Payments).

 SECTION 8.12 Resignation of Agent 

(a) The Agent may resign as Agent upon thirty (30) days’ notice to each Facility Lender; provided that so long as any
Aggregate Unpaids remain outstanding, no such resignation shall take effect until a replacement Agent shall have been appointed to exercise the powers and undertake the duties hereby conferred and imposed upon the Agent. If the Agent resigns under
this Agreement, the Instructing Group shall appoint any reputable and experienced bank or other financial institution as successor Agent. If no successor agent is appointed prior to the effective date of the resignation of the Agent, the Agent may
appoint, after consulting with the Facility Lenders, a successor agent. In each such case, the appointment of a replacement Agent shall, if the proposed replacement Agent is a Person other than a Facility Lender or an Affiliate thereof and no Event
of Default shall have occurred and be continuing, be subject to the consent of the Parent (not to be unreasonably withheld). 

  
 36 

 (b) Upon the acceptance of its appointment as successor Agent hereunder, (i) such resigning
Agent’s appointment, powers and duties as Agent shall be terminated and such resigning Agent shall be discharged from any further obligation hereunder (but shall remain entitled to the benefit of the provisions of this Article VIII as to
any actions taken or omitted to be taken by it while it was the Agent under this Agreement), and (ii) such successor Agent shall succeed to all the rights, powers and duties of the retiring Agent, and the term “Agent” shall mean such
successor Agent. 
 (c) It is understood and agreed that any resignation of the Agent pursuant to this Section 8.12 shall apply
to all of such Agent’s rights, duties and obligations in its capacity as Agent and that under no circumstances may the Agent resign with respect to only a portion of such rights, duties and obligations, including with respect to any Advance
funded in any Currency. 
 SECTION 8.13 Blocked Account Notifications 

(a) Each Facility Lender and the Agent agrees that Control Notices shall be delivered to Blocked Account Banks under the relevant Blocked
Account Agreements only in accordance with this Section 8.13. 
 (b) An Instructing Group may at any time instruct the Agent in
writing to deliver one or more Control Notices to Blocked Account Banks under the relevant Blocked Account Agreements specified in such instruction. 

(c) Without limiting clause (b), if any Event of Default of the nature referred to in Section 6.1(a), 6.1(e),
6.1(f), 6.1(g), 6.1(j), 6.1(k) or 6.1(p) shall have occurred and be continuing: 
 (i) the
Facility Lenders agree to consult with each other in good faith with the objective of deciding whether or not to deliver one or more Control Notices or the terms on which such Control Notices may or shall be delivered at some future time; 

(ii) if an agreement is reached by the Facility Lenders pursuant to clause (c)(i), the Agent shall be notified of the
substance of such agreement and an instruction shall be delivered (or not, as applicable) pursuant to clause (b); and 

(iii) if no agreement can be reached by the Facility Lenders following two Business Days of consultation pursuant to
clause (c)(i), any Facility Lender acting alone may instruct the Agent in writing to deliver one or more Control Notices to Blocked Account Banks under the relevant Blocked Account Agreements specified in such instruction. 

(d) The Agent shall comply promptly with each instruction delivered to it pursuant to clause (b) or clause (c)(iii). 

ARTICLE IX 
 MISCELLANEOUS 

SECTION 9.1 Term of Agreement 

This Agreement shall terminate on the Final Payout Date; provided that (a) the rights and remedies of the Agent and the Facility
Lenders with respect to any representation and 

  
 37 

 
warranty made or deemed to be made by the Purchaser pursuant to this Agreement, (b) the indemnification and payment provisions of Article VII in favor of the Indemnified Parties,
and (c) the agreements of the parties set forth in Sections 9.9, 9.10, 9.11 and 9.12 shall be continuing and shall survive any termination of this Agreement. 

SECTION 9.2 Waivers; Amendments. 

(a) No failure or delay on the part of the Agent or any Facility Lender in exercising any power, right or remedy under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other further exercise thereof or the exercise of any other power, right or remedy. The rights and remedies herein provided shall
be cumulative and nonexclusive of any rights or remedies provided by law. 
 (b) Any provision of this Agreement may be amended or waived
if, but only if, such amendment or waiver is in writing and is signed by the Purchaser, the Facility Lenders and, if Article VIII or the rights or duties of the Agent are affected thereby, by the Agent. 

SECTION 9.3 Notices; Payment Information 

All communications and notices provided for hereunder shall be provided in the manner described in Section 1.6 (Address and
Payment Information) to the Schedule of Definitions. 
 SECTION 9.4 Governing Law; Submission to Jurisdiction; Appointment of Process
Agent 
 (a) This Agreement and any non-contractual obligations arising out of or in connection with it and the rights and obligations
of the parties hereto shall be governed by and construed in accordance with English law. 
 (b) Each of the Purchaser, the Agent and each
Facility Lender agrees that the courts of England shall have jurisdiction to hear and determine any suit, action or proceeding, and to settle any dispute, which may arise out of or in connection with this Agreement, any other Transaction Document or
the transactions contemplated hereby or thereby and, for such purposes, irrevocably submits to the non-exclusive jurisdiction of such courts. 

(c) Each of the Purchaser, the Agent and each Facility Lender for itself irrevocably waives any objection which it might now or hereafter have
to the courts referred to in clause (b) being nominated as the forum to hear and determine any suit, action or proceeding, and to settle any dispute, which may arise out of or in connection with this Agreement, any other Transaction
Document or the transactions contemplated hereby or thereby and agrees not to claim that any such court is not a convenient or appropriate forum. 

(d) Each of the parties agrees that the process by which any suit, action or proceeding is begun may be served on it by being delivered in
connection with any suit, action or proceeding in England to: 
 (i) in the case of service on the Purchaser, the English
Process Agent; and 
 (ii) in the case of service on any Facility Lender, the party identified under such Facility
Lender’s name on Schedule 1 hereto. 

  
 38 

 (e) The submission to the jurisdiction of the courts referred to in clause (b) shall
not (and shall not be construed so as to) limit the right of the Agent to take proceedings against the Purchaser or any Facility Lender or any of its respective property in any other court of competent jurisdiction nor shall the taking of
proceedings in any other jurisdiction preclude the taking of proceedings in any other jurisdiction, whether concurrently or not. 
 (f) Each
of the Purchaser, the Agent and each Facility Lender hereby consents generally in respect of any legal action or proceeding arising out of or in connection with this Agreement, any other Transaction Document or the transactions contemplated hereby
or thereby, to the giving of any relief or the issue of any process in connection with such action or proceeding including the making, enforcement or execution against any property whatsoever (irrespective of its use or intended use) of any order or
judgment which may be made or given in such action or proceeding. Without limiting the foregoing, each of the Purchaser, the Agent and each Facility Lender agrees to reimburse any successful claimant the costs of any legal action or proceeding
brought against it pursuant to this Section 9.4, including the cost of all stamp duties (if any) payable in connection therewith. 

SECTION 9.5 Integration 

This Agreement contains the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter
hereof and shall constitute the entire Agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

SECTION 9.6 Severability and Partial Invalidity 

(a) Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the
validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. 

(b) If a court of competent jurisdiction determines that any term or provision of this Agreement as written is invalid or unenforceable, the
parties agree that the court making the determination of invalidity or unenforceability shall reduce the scope, duration, or area of the term or provision, delete specific words or phrases, or replace any invalid or unenforceable term or provision
with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time
within which the court’s judgment may be appealed. 
 SECTION 9.7 Counterparts; Facsimile Delivery 

This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Delivery by facsimile of an executed signature page of this Agreement shall be effective as delivery of an executed
counterpart hereof 

  
 39 

 SECTION 9.8 Successors and Assigns; Binding Effect. 

(a) This Agreement shall be binding on the parties hereto and their respective successors and assigns; provided that, except pursuant
to the Servicing Agreement or as provided in the other Transaction Documents, the Purchaser may not assign or otherwise transfer any of its rights or delegate or otherwise transfer any of its duties or obligations hereunder or under any of the other
Transaction Documents to which it is a party without the prior written consent of the Agent. 
 (b) A Facility Lender may transfer its
rights and obligations under this Agreement and the other Transaction Documents to which it is a party by way of novation only with the prior written consent of the Parent (such consent not to be unreasonably withheld, delayed or conditioned).
Except as provided in this Section 9.8, no provision of this Agreement shall in any manner restrict the ability of any Facility Lender to assign, grant participations in, grant security interests in, or otherwise transfer any portion of,
the Advances, the Asset Interest or its other rights and interests (but not obligations) under this Agreement and the other Transaction Documents. 

(c) Without limiting the foregoing, any Facility Lender may, from time to time, with prior or concurrent notice to the Agent, the Purchaser
and the Servicer, in one transaction or a series of transactions, transfer to a Conduit Assignee all or a portion of its share of the Advances and its rights and obligations under this Agreement and each other Transaction Document to which it is a
party. Upon and to the extent of such a transfer by a Facility Lender to a Conduit Assignee, (i) such Conduit Assignee shall be the owner of the transferred share of Advances, (ii) the Administrator for such Conduit Assignee will have all
rights and powers, express or implied, granted to an Administrator hereunder and under the other Transaction Documents, (iii) such Conduit Assignee and its Conduit CP Funding Provider(s) and Conduit Support Provider(s), if any, and other
related parties shall have the benefit of all the rights and protections provided to a Facility Lender, its Conduit CP Funding Provider(s) and its Conduit Support Provider(s) herein and in the other Transaction Documents (including any limitation on
recourse against such Conduit Assignee or related parties, any agreement not to file or join in the filing of a petition to commence an insolvency proceeding against such Conduit Assignee, and the right to transfer to another Conduit Assignee as
provided in this clause (c)), (iv) such Conduit Assignee shall assume all of the obligations of a Facility Lender hereunder and under the other Transaction Documents with respect to the share of the Advances transferred, and the
transferring Facility Lender shall be released from such obligations, in each case to the extent of such transfer, (v) the definition of the term “CP Rate” with respect to the share of the Advances transferred that are funded with
Commercial Paper from time to time shall be determined in the manner set forth in the definition of “CP Rate” on the basis of the interest rate or discount applicable to commercial paper issued by such Conduit Assignee or its Conduit
Support Provider(s) or its Conduit Support Provider (if applicable), (vi) the defined terms and other terms and provisions of this Agreement and the other Transaction Documents shall be interpreted in accordance with the foregoing, and
(vii) if requested by the Agent, such transferring Facility Lender or such Conduit Assignee, the parties will execute and deliver such further agreements and documents and take such other actions as such requesting party may reasonably request
to evidence and give effect to the foregoing. 
 (d) Each of the other parties hereby agrees and consents to the transfer from time to time
by any Facility Lender to any Conduit Support Provider under the terms of the relevant Conduit Support Agreement of all or any part of such Facility Lender’s rights under, interest in and title to this Agreement and the Asset Interest. 

  
 40 

 SECTION 9.9 Consent to Disclosure 

(a) The Purchaser hereby consents to the disclosure of any Non-Public Information with respect to it received by the Agent or any other
Secured Party to (i) the Agent, (ii) any Facility Lender, (iii) any potential Facility Lender or Conduit Assignee, (iv) any Conduit, any Administrator, any Conduit Support Provider or any Conduit CP Funding Provider of any
Facility Lender or potential Facility Lender, (v) any nationally recognized statistical rating organization rating any Commercial Paper issued to fund any Advance, (vi) any dealer or placement agent of or depositary for any Commercial
Paper issued to fund any Advance, (vii) any of such Person’s legal counsel, accountants or other professional advisers in relation to this Agreement or any other Transaction Document or (viii) any Person appointed from time to time to
conduct due diligence in respect of the transactions contemplated by the Transaction Documents, in each case provided that (A) such disclosure is, in the reasonable opinion of the Person making such disclosure, appropriate in the context of the
transactions contemplated herein and in the other Transaction Documents or otherwise required in connection with such Person’s Commercial Paper program or other securitization program or any transaction contemplated thereby, and (B) the
recipient of such information has been informed of its confidential nature and receives such information on the basis that it is to be held in confidence. 

(b) The Purchaser hereby consents to the disclosure by the Facility Lenders of the following information for the conduct of their commercial
communications without the prior written consent of any Person: the amount of the facility provided pursuant to this Agreement, the types of assets being financed by the facility provided pursuant to this Agreement, the countries and number of
Originators involved, the names of the MAI Parties involved, the main features of the structures utilized, the identity of the legal advisors involved, and the Closing Date. 

SECTION 9.10 Confidentiality 

(a) The Purchaser hereby agrees that it will not disclose the contents of this Agreement or any other Transaction Document or any other
proprietary or confidential information of or with respect to the Agent or any other Secured Party to any other Person except (i) its auditors and attorneys, employees or financial advisors (other than any commercial bank) and any nationally
recognized statistical rating organization, provided such auditors, attorneys, employees, financial advisors or rating agencies are informed of the highly confidential nature of such information or (ii) as otherwise required by applicable Law
or order of a court of competent jurisdiction. 
 (b) Subject to Section 9.9, each of the Agent and each Facility Lender hereby
agrees that it will not disclose this Agreement or any other Transaction Document or the terms thereof or any confidential information of or with respect to the Purchaser to any other Person except as otherwise required by applicable Law or order of
a court of competent jurisdiction. 
 (c) Notwithstanding anything in this Agreement, any party to any of the Transaction Documents (and
each employee, agent or representative of any such party) may disclose to any and all persons without limitation of any kind, the tax treatment and tax 

  
 41 

 
structure of the transactions contemplated by the Transaction Documents and all materials of any kind (including opinions or other tax analyses) that are provided to any such party relating to
such tax treatment and tax structure except to the extent maintaining such confidentiality is necessary to comply with any applicable securities laws. 

SECTION 9.11 No Petition 

Each of the parties hereby covenants and agrees that, prior to the date which is two (2) years and one (1) day after the Final
Payout Date, it will not institute any proceeding of a type referred to in the definition of Event of Bankruptcy against, or join any other Person in instituting such a proceeding against, the Purchaser, any Conduit or any Conduit CP Funding
Provider that acts as, or that provides funding to, a Facility Lender. 
 SECTION 9.12 Limited Recourse 

(a) Notwithstanding anything to the contrary contained in this Agreement, the obligations of each Facility Lender under this Agreement and all
other Transaction Documents to which it is a party are solely the corporate obligations of such Facility Lender and shall be payable solely to the extent of funds received from the Purchaser in accordance with the Transaction Documents or from any
party to any Transaction Document in accordance with the terms thereof in excess of funds necessary to pay matured and maturing Commercial Paper issued to fund the acquisition of Receivables. 

(b) Notwithstanding anything to the contrary contained in this Agreement, the obligations of the Purchaser under this Agreement and all other
Transaction Documents to which it is a party are solely the corporate obligations of the Purchaser and shall be payable solely to the extent of funds received by the Purchaser and available for application thereto in accordance with the terms of the
Servicing Agreement and the other Transaction Documents. 
 SECTION 9.13 Contracts (Rights of Third Parties) Act (1999) 

Except in respect of the Secured Parties not party hereto, which Persons (including, for the avoidance of doubt, their respective successors
and permitted assigns) are intended to have the benefit of this Agreement pursuant to the Contracts (Rights of Third Parties) Act (1999), the parties hereto do not intend any term of this Agreement to be enforceable pursuant to the Contracts (Rights
of Third Parties) Act (1999). 
 SECTION 9.14 Parallel Debt 

(a) The Purchaser irrevocably and unconditionally undertakes, as far as necessary in advance, to pay to the Agent an amount equal to the
aggregate of all its Principal Obligations to the Facility Lenders from time to time due in accordance with the terms and conditions of such Principal Obligations (such payment undertaking and the obligations and liabilities which are the result
thereof, hereinafter being its “Parallel Debt”). 
 (b) The parties to this Agreement hereby acknowledge and agree that
(i) the Parallel Debt of the Purchaser constitutes undertakings, obligations and liabilities of the Purchaser to the Agent which are separate and independent from, and without prejudice to, the principal obligations which the Purchaser has to
the Facility Lenders, and (ii) that the Parallel Debt represents the Agent’s own claim to receive payment of such Parallel Debt by the Purchaser; provided that the total amount which may become due under the Parallel Debt

  
 42 

 
of the Purchaser under this Section 9.14 shall not in any way limit, affect or exceed the total amount which may become due under all the Principal Obligations of the Purchaser to the
Facility Lenders. 
 (c) The total amount due by the Purchaser as the Parallel Debt under this Section 9.14 shall be decreased
to the extent that the Purchaser shall have irrevocably paid any amounts to the Facility Lenders or any of them to reduce the Purchaser’s outstanding Principal Obligations or the Facility Lenders otherwise receive any amount in payment of such
Principal Obligations. 
 (d) To the extent that the Purchaser shall have paid any amounts to the Agent in respect of the Parallel Debt or
the Agent shall have otherwise received monies in payment of such Parallel Debt, the total amount due in respect of the Principal Obligations shall be decreased in a like amount. 

(e) For the purpose of this Section 9.14, the Agent acts in its own name and on behalf of itself and not as agent, representative
or trustee of any Facility Lender and its claims in respect of a Parallel Debt shall not be held on trust. 
 (f) For the avoidance of
doubt, a Parallel Debt will become due and payable at the same time the Principal Obligations become due and payable. 
 For the purpose of this
Section 9.14, “Principal Obligations” means, in relation to the Purchaser, all monetary obligations (other than its Parallel Debt) which now or at any time hereafter may be or become due, owing or incurred by the
Purchaser to the Facility Lenders, whether due or not, whether contingent or not and whether alone or jointly with others, as principal, guarantor, surety or otherwise, under or in connection with or pursuant to the Transaction Documents, as such
obligations may be extended, increased, restated, prolonged, amended or renewed from time to time. 
 [Signatures Follow] 

  
 43 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date
first written above. 
  

			
	DONEGAL RECEIVABLES PURCHASING LIMITED,
	as Purchaser
		
	By:	 	/s/ Eimir McGrath
		 	  

		
	Name:	 	Eimir McGrath
		 	  

		
	Title:	 	Alternate Director
		 	  

	
	 NIEUW AMSTERDAM RECEIVABLES CORPORATION,

as Facility Lender

		
	By:	 	/s/ Damian Perez
		 	  

		
	Name:	 	Damian Perez
		 	  

		
	Title:	 	Vice President
		 	  

  

									
	 COÖPERATIEVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A. (TRADING AS RABOBANK INTERNATIONAL), LONDON BRANCH,

as Agent
	 		 	
					
	By:	 	/s/ Donna Kunzig	 		 	By:	 	/s/ Sarah Mason
		 	  
	 		 		 	  

					
	Name:	 	Donna Kunzig	 		 	Name:	 	Sarah Mason
					
	Title:	 	Executive Director	 		 	Title:	 	Executive Director

  
 S-1 

 SCHEDULE 1 

Facility Limits and Currency Facility Limits 

Aggregate Facility Limit/Aggregate Currency Facility Limit 
  

							
	 	  	Dollars	 	  	Euro. Shekels, Sterling,
Australian Dollars, Zloty
			
	 Aggregate Facility Limit
	  	$	250,000,000	  	  	
			
	 Aggregate Currency Facility Limit
	  	$	250,000,000	  	  	Currency Equivalent
of $250,000,000

 Facility
Limit/Currency Facility Limit 
  

					
	 Facility Lender:
	 	Nieuw Amsterdam Receivables Corporation

  

							
	 Facility Limit
	  	$	250,000,000	  	  	
			
	 Currency Facility Limit
	  	$	250,000,000	  	  	Currency Equivalent
of $250,000,000

  

					
		
	 Process Agent:
	 	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International), London Branch, of Thames Court, One Queenhithe, London EC4V 3RL

  
 Schedule I 

 SCHEDULE 4.1(j) 

Location of Certain Offices 
  

			
	Principal Place of Business:	  	Dublin, Republic of Ireland
		
	Registered Office:	  	Donegal Receivables Purchasing Limited
		  	5 Harbourmaster Place
		  	International Financial Services Centre
		  	Dublin 1
		  	Republic of Ireland

  
 Schedule 4.1(j) 

 SCHEDULE 4.1(r) 

List of Blocked Account Banks and Blocked Accounts 
  

							
	 Originator
	  	 Account no.
	  	 Address
	  	 Bank Name

				
	Irvita Plant Protection N.V.	  	 [Redacted]
	  	Curacao Branch, De Ruyterkade 61 / P.O. Box 3144 Willemstad Curacao	  	FirstCaribbean International Bank
				
	Quena Plant Protection N.V.	  	 [Redacted]
	  	Curacao Branch, De Ruyterkade 61 / P.O. Box 3144 Willemstad Curacao	  	FirstCaribbean International Bank
				
	Celsius Property B.V., acting through its branch in Curacao, Irvita Plant Protection	  	 [Redacted]
	  	Curacao Branch, De Ruyterkade 61 / P.O. Box 3144 Willemstad Curacao	  	FirstCaribbean International Bank
				
	Fahrenheit Holding B.V., acting through its branch in Curacao, Quena Plant Protection	  	 [Redacted]
	  	Curacao Branch, De Ruyterkade 61 / P.O. Box 3144 Willemstad Curacao	  	FirstCaribbean International Bank
				
	Farmoz Pty Limited	  	 [Redacted]
	  	Mezzanine Level, 341 George Street, Sydney, NSW, 2000	  	Westpac Banking Corporation
				
	Makhteshim Agan France S.à r.l.	  	 [Redacted]
	  	9, quai du President Paul Doumer 9220 Paris La Défense Cedex	  	Calyon
				
	Feinchemie Schebda GmbH	  	 [Redacted]
	  	Grosskundenteam, Rathaustrasse 4, 30159 Hannover, Deutschland	  	Commerzbank
				
	Makhteshim Chemical Works Ltd.	  	 [Redacted]
	  	Ben Zvi St., Beer Sheva	  	Bank Leumi Le Israel
				
	Makhteshim Chemical Works Ltd.	  	 [Redacted]
	  	Ben Zvi St., Beer Sheva	  	Bank Leumi Le Israel

  
 Schedule 4.1(r) 

							
	 Originator
	  	 Account no.
	  	 Address
	  	 Bank Name

				
	Makhteshim Chemical Works Ltd.	  	 [Redacted]
	  	 Croeselaan 18,

Utrecht, the
 Netherlands
	  	 Coöperatieve Centrale Raiffeisen-

Boerenleenbank B.A.

				
	Agan Chemical Manufacturers Ltd.	  	 [Redacted]
	  	Herzel 19, Tel Aviv	  	Bank Leumi Le Israel
				
	Agan Chemical Manufacturers Ltd.	  	 [Redacted]
	  	Herzel 19, Tel Aviv	  	Bank Leumi Le Israel
				
	Agan Chemical Manufacturers Ltd.	  	 [Redacted]
	  	 Croeselaan 18,

Utrecht, the
 Netherlands
	  	 Coöperatieve Centrale Raiffeisen-

Boerenleenbank B.A.

				
	Agan Aroma And Fine Chemicals Ltd.	  	 [Redacted]
	  	Herzel 19, Tel Aviv	  	Bank Leumi Le Israel
				
	Agan Aroma And Fine Chemicals Ltd.	  	 [Redacted]
	  	Herzel 19, Tel Aviv	  	Bank Leumi Le Israel
				
	Agan Aroma And Fine Chemicals Ltd.	  	 [Redacted]
	  	 Croeselaan 18,

Utrecht, the
 Netherlands
	  	 Coöperatieve Centrale Raiffeisen-

Boerenleenbank B.A.

				
	Agan Chemical Marketing Ltd.	  	 [Redacted]
	  	Herzel 19, Tel Aviv	  	Bank Leumi Le Israel
				
	Agan Chemical Marketing Ltd.	  	 [Redacted]
	  	Herzel 19, Tel Aviv	  	Bank Leumi Le Israel
				
	Makhteshim Agan Italia S.r.l.	  	[To be advised]	  	[To be advised]	  	[To be advised]
				
		  	 Account Number:
  

[Redacted]
	  		  	
				
	 Makhteshim-Agan Poland

Sp z o.o.
	  	 IBAN:

[Redacted]
	  	ul. Marszalkowska 89, 00-693 Warszawa	  	HSBC Bank Polska S.A.
				
		  	 S.W.I.F.T.:

[Redacted]
	  		  	
				
	Makhteshim Agan España S.A.	  	 [Redacted]
	  	Garrigues 1,46002 Valencia (España)	  	La Caixa

  
 Schedule 4.1(r) 

							
	 Originator
	  	 Account no.
	  	 Address
	  	 Bank Name

				
	Makhteshim Agan España S.A.	  	 [Redacted]
	  	Colón 22, 46002 Valencia (España)	  	Banco Sabadell
				
	Aragonesas Agro S.A.	  	 [Redacted]
	  	Avda Felipe II, 12. 28009 Madrid Spain	  	Banco Bilbao Vizcaya Argentaria
				
	Aragonesas Agro S.A.	  	 [Redacted]
	  	C/ Orense, 5 1a Planta. 28020 Madrid, Spain	  	Bankinter
				
	Makhteshim-Agan (UK) Limited	  	 [Redacted]
	  	20 Stratford Place, London W1C 1BG	  	Bank Leumi (UK) plc
				
	Alligare, LLC	  	 [Redacted]

[Redacted]
  
	  	2100A Southbridge Pkwy, Suite 445, Birmingham, AL 35209 USA	  	Oakworth Capital Bank
				
	Makhteshim Agan of North America, Inc.	  	 [Redacted]
	  	564 Fifth Ave. New York, New York USA	  	Bank Leumi USA
				
	Control Solutions Inc.	  	 [Redacted]
	  	707 Travis St, 9th Floor, Houston, Texas 77002, USA	  	JPMorgan Chase Bank, N.A.

  
 Schedule 4.1(r) 

 EXHIBIT A 

Form of Borrowing Request 

DONEGAL RECEIVABLES PURCHASING LIMITED (the “Purchaser”), pursuant to Section 2.2(a) of the Receivables Funding
Agreement, dated as of September 28, 2004, as amended as of 11 October 2005, December 19, 2005, 22 January 2007, 11 August 2008, 8 September 2009, 21 January 2010, 15 September 2010, 31 December
2010, 23 March 2011, and amended and restated as of     November 2011 (as amended, modified, or supplemented from time to time, the “Agreement”), among the Purchaser, Nieuw Amsterdam Receivables Corporation,
as Facility Lenders, and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International), London Branch, as Agent, hereby requests that an Advance be made pursuant to the Agreement. Capitalized terms used herein and not
otherwise defined herein have the meaning assigned to them in the Agreement. 
 The Purchaser hereby requests: 

 

			
	 The Advance Date of such Advance will be:
	  	—
		
	 The amount of the Advance will be:
	  	—1
		
	 The Currency of the Advance will be:
	  	[Dollars][Euro][Shekels]
[Sterling][Zloty]

 The proceeds of the requested Advance should be credited to account of [the Purchaser] [the Servicer]
specified from time to time pursuant to Schedule 1.6 (Address and Payment Information) to the Schedule of Definitions. 
 The
Purchaser hereby certifies as of the date hereof that the conditions precedent to such Advance set forth in the Agreement have been satisfied, and that all of the representations and warranties made in Article IV of the Agreement are true and
correct on and as of the Advance Date, both before and after giving effect to the Advance. 
  

			
	 Dated:

	
	 DONEGAL RECEIVABLES PURCHASING LIMITED

		
	By:	 	  

		
	Name:	 	
		
	Title:	 	

  

	1 	Subject to the minimum denominations set forth in Section 2.2(b) of the Agreement.

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